Sometimes even with a job, you could feel short on money. If that’s the case then, you should involve in some side business and utilize your free time on that. This type of business can help a lot to get you some extra bucks and if it flourishes then you can always grow it as your main occupation. If you are interested or have always wanted to run a company, then having a side business can open doors to future opportunities.
Side businesses does not necessary have to be big; meaning it can be something you can do by yourself or with the help of few people and with small investment. When it comes to side business, people generally opt for online businesses. However, there are plenty of other things you can do beside this. Here are the top 10 side business ideas for you that you can start in India.
Top 10 Side Business Ideas in India:
- Stock market advisor
- Teaching services
- Interior Decoration
- Online jobs
- Rent and lease
- Event planner
- Equipment repairing
- Business plan service
- Making YouTube Channels
Stock market advisor
Investment: Rs. 0 – 20,000
ROI: 1 – 3 months
Are you interested in the stock market? Do you have a good knowledge and understanding on stock investment and selection? If yes, then stock market advisor can be the best option for you as your side business idea in India.
You can develop some links, websites or open an office and start giving advises and manage stocks of entrepreneurs and business personnel. Similarly, there are some people who have enough money but due to their busy schedule and lack of knowledge in the stock industry, they might not have been able to utilize their money on investment despite having an interest in this field. Being a stock advisor, you can help these people on opening a demit account, selecting security options as well as creating portfolios and buying and selling stocks, and many more as required.
It might not be possible to get big clients at the get go, so, you can start out with beginners or normal people and help them manage their stocks.
Investment: Rs. 0 – 20,000
ROI: 1 -3 months
Another side business idea that has a broad scope is the real estate business. Apart from your daily work, you can manage, sell and purchase properties for various people. You do not need to spend your entire time on this like the professional real estate agents. If you have a good grasp about the real estate market of your neighborhood then you can do this job on your free time.
This sector also deals with property management which refers to the transfer of ownership of property. Selecting profitable investment decision, giving scientific advises to your clients on various matters related to real estate and similar others are some important responsibilities of a realtor.
Investment: Rs. 5,000 – 20,000 (More for those who are running a larger service)
ROI: 3 – 7 months
If you work in the day then you can start a teaching class in the morning and the evening time. It can be a good side business idea if you are interest in teaching and are good in particular subjects. It does not necessarily have to be related with school courses. It can be something like language classes, computer training classes or cooking classes. You can even hire some other teachers or coaches and run a teaching service. With a little investment, this will prove to be very beneficial for you. Fees can be charged on a monthly basis or upon the completion of the course.
Investment: Rs. 20,000 – 60,000
ROI: 4 – 7 months
In India, the demand for interior decoration is increasing rapidly. As an interior designer, you would be decorating the rooms of various offices and residents which could include a little to none construction work. There are plenty of people, especially in the city areas, who desire to hire interior designers for making their homes attractive and aesthetically healthy to live in. This is why, it is a good side business idea. As your clientele grows, your earning will also grow which later might help you to open your own designers’ firm.
Investment: Rs. 5,000 – 10,000
ROI: 4 – 7 months
Now, this has to be on the list because online jobs today have become one of the most popular side business choices amongst various people in India. There are various hundreds of companies in and out of India who are constantly looking for writers, SEO specialists, and web designers to help them market their business. If you have decent level of the knowledge about this industry then you can open a small online company by yourself, hire some writers, designers and similar other personnel and help out these companies and make money by doing so. Many people in India have been benefiting from online jobs as their side business and so can you.
Rent and lease
Investment: Rs. 4,000 – 20,000 (for initial maintenance)
ROI: 2 – 4 months
To run a side business, you do not have to open a firm, hire employees or do something that requires specific sets of skills. A side business idea can be as simple as being a landlord and lending your properties (rooms or houses) for others on a rent. This business is very profitable because in India, due to the growing number of migrants – such people are constantly looking for some place to live. Furthermore, you do not have to invest huge money either (apart from the maintenance maybe) if you already have some spare rooms at your place.
Investment: Rs. 20,000 – 30,000
ROI: 4 months – 1 year
You can also adopt event planning as your side business idea. We find so many events taking place like marriage, seminar, workshop and others in India and people are constantly looking for someone who can plan these events for them and make it a great one. You can take the advantage of this and become an event planner. You will require a good time management and organizational skills along with some creative ideas to be a good event planner.
For this business, you must follow on different kinds of events and the proper rules and regulations associated with running these events in your business locality. At first, it might be a bit tough to find desirable jobs but on a long run, the money is great.
Investment: Rs. 40,000 – 80,000
ROI: 2 – 3 years
If you are good at repairing and maintaining various electronic and electrical equipment then you can continue this work as your side business. All the electronic an electrical equipment at some point will face with some problems and for that you need to take it to a repair shop. This is why, running such an equipment repairing shop could be beneficial to you.
Business plan service
Investment: Rs. 0 – 20,000
ROI: 3 – 5 months
All businesses need to have proper planning to run successfully. Good business plans help customers to know about products and services description in detail. It helps to determine company’s mission, vision and objectives. It helps in formulating good financial plans and project cash flows among many things. This is why, business owners take help from various advisors and consultants to help them out with making a good business plan. If you think your forte lies in this field then you should definitely make this your business, if not then your side business.
Making YouTube Channels:
Investment: Rs. 0-20,000
ROI: 4-10 months
Starting a YouTube channel can be another great side business idea. This might not sound as a tradition business idea that people would follow normally, but as YouTube is becoming a global phenomenon, you can use this website for earning money. You can make videos on some particular themes – something that people would love you watch and post them on your YouTube channel. Then, as your viewers and subscribers grow, your earnings will also grow. Furthermore, if your channel becomes really famous then you might also be able to get paid for posting ads for various other websites and companies. For this business, all you will need is a good video camera and a good idea to make a video on. You can shoot anything during your free time but do try to make something unique and alluring.
So, these are the top 10 side business ideas that you can use in India. All these side businesses are great options for earning some extra money as they can be run with low investment and have good ROI. It does not matter which particular idea you go with but you need to be comfortable with that idea first. Otherwise, your business might not do that well. Similarly, you also need to manage your time effectively and not let your side business affect your main job. Remember it is always difficult to start-out on a new business but with proper dedication and hard work you can run a good profitable business in the end.