Top Ten Business Opportunities in Delhi

business opportunities in delhi

The major commercial center of India is Delhi, located in the northern region. With a handful of industries like information technology, hotels, telecommunications, banking, tourism, media, and more, the Capital of India has become a house to potential individuals who can establish an empire from scratch.

There is no hard and fast rule of becoming a successful entrepreneur. But if you have a knack for finding the latent gold mine and analyzing it extensively, you may have a greater chance of achieving success. As one of the fastest-growing Asian countries, India has been undergoing rapid development, which has unleashed the pool of opportunities for investors. So, our country is becoming a fertile ground for all those who believe a single idea can shape the market in a better way.

Being the largest hub of retail industries, there is no dearth of business opportunities in Delhi. With a population of 1.9 crores, the government and many agencies are working hand-in-hand to offer the best living, including transport, education and other facilities.

As a whole, this tremendous development has attracted a plethora of investment opportunities. Not only the locals but also tourists from all over the world have made their ways to the capital, driven by the excellent living standard. So, if you have decided to start your venture here, it’s time to explore the business ideas in Delhi to identify the one you can start with. Here you go!

Best business opportunities in Delhi

new delhi

Apart from being the capital of the Indian Republic, Delhi is also a state for administrative purposes and one of the largest metropolitan cities in the country. Due to its location, well connectivity, and huge market demand, the city provides a favourable environment for the startups to grow big.

The latest Industrial Policy 2010-21, sights to render a favourable market for all the hi-tech IT or ITeS and knowledge-based industries in Delhi.

The Small and Medium Enterprises (SME) lending market of India has a worth of $300 billion today, and the digital finance segment holds 10% of it. The northern region of India produces almost 35-38% of the Total Addressable Market (TAM) which has a worth of $10 billion. As per the reports, the Compound Annual Growth Rate (CAGR) is expected to endure 17-20% for the coming 5 years, and after that, it might surpass 20% as well.

Above all, the startup wave, which began to rise in 2014, has been receding its way back into the startup ecosystem. That’s why the Indian government has announced the Stand Up India Scheme and Startup India Scheme to emphasize the power of businesses and encourage the willing individuals to start their own.

 Hence, if anyone likes to explore business opportunities in Delhi, definitely the place is worth it. But which business will be a perfect fit in the frame of today’s economy? Well, we have pulled off extensive market research to shortlist the best business ideas in Delhi according to the present condition of market, demand, and demography. So, without any further delay, have a look at the top 10 business opportunities in Delhi and start with it today.

1. Online Selling

Investment

₹5,000 to ₹40,000

ROI

1 to 2 years

Profit

₹1,500 to ₹12,000

Most of the customers prefer shopping online rather than hopping shop to shop to find the exact item. So online selling is a great idea, especially after this Covid-19 situation, there is a huge surge in online purchase. Not only in Delhi but also if we would have made a list of business ideas in India, online selling still got the first place.

However, this business won’t require a huge investment. You can even start at Rs. 5,000/- only. But you have to take up a GST Registration as you’ll be dealing with inter-state supplies. Along with that, you have to stock some good products which you will be selling online.

Scope of this business

Delhi is one of the most renowned wholesale hubs in India. So you will get the products at a lower price which you can sell online with a new price tag. You can build your website, but that won’t be a good idea at the initial stage. As a start-up, you can sell products on different eCommerce websites like Flipkart, Amazon, Paytm Mall, etc. Once you establish your brand’s name, go big with your website. 

Reasons for starting this business

  • Low initial capital
  • Instant profit
  • Easy to establish the brand

2. Home Automation Services

Investment

₹90,000 to ₹1,00,000

ROI

6 to 8 months

Profit

₹27,000 to ₹30,000

Here is one of the latest business ideas in Delhi- home automation services. It is all about turning a home into a smart home where every home appliance will be connected with the assistants like Amazon Echo or Google Home and are controllable by the voice commands. And the demand for these services are skyrocketing day by day.

The best thing is, this business doesn’t require any huge investment. You just have to have technical knowledge with apt skills of operating different devices. Even if you are not a tech geek, nothing to worry. All information regarding smart homes or smart devices are available on the web, which will be a great help at the initial stage.

Scope of this business

When the whole world is heading towards digitalization, smart homes are going to be an integral part of it. Especially places like Delhi, which houses many wealthy families, has an excellent market for this business. As home automation has recently come into trend, if you start now in 2020, you will face a lower competition than starting after 2 or 3 years.

Reasons for starting this business

  • Huge prospect in future
  • One-time customer is a lifetime customer
  • Opportunity to start small and invest less

3. Interior Designing

Investment

₹2,00,000 to ₹3,00,000

ROI

2 to 3 years

Profit

₹60,000 to ₹90,000

This is one of the easy-to-grab business opportunities in India. If you have a passion and knowledge of interior designing, it’s time you come out of the shell and start your business. To be successful in this field, all you have to do is branding with a unique strategy. Digital marketing can help you in reaching out to more audiences and turning them into potential customers.

The initial investment is medium. If you don’t have the capital now, you can start as a middleman and hire an interior designing agency to do the job where you will take a certain percentage of the profit. When you make a handful, you can start your own agency.

Scope of this business

Being a metro city, it’s really easy to get interior designing projects in Delhi. Yes, there are competitions, but you can flourish and mark your presence when you come up with unique ideas. You can tie up with building contractors to acquire a maximum number of projects. Apart from designing homes, you can offer suitable furniture which will hand you great profits.

Reasons for starting this business

  • Turn passion into profession
  • Easy to get projects in Delhi
  • All-year-round services are deliverable
  • ROI in less time

4. T-Shirt Printing

Investment

₹30,000 to ₹50,000

ROI

7 to 8 months

Profit

₹9,000 to ₹15,000

Wearing customized T-Shirts with cool quotes and hashtags is the trendiest thing nowadays. So you can be a part of this booming business idea and take it to another height. Start this business from your home with a medium level of investment. Take orders for personalized products and put some of your sample T-shirts in eCommerce websites.

You can rope in some schools or companies to acquire a good amount of profit. Hire a salesperson if required, and go for bulk orders to get ROI within less time.

Scope of this business

Talking about the scope of T-shirt printing business in India, mostly the below 20 age group prefer t-shirts as a part of every day wearing. According to Wikipedia, 50% of India’s population belongs to the below 25 age group. This percentage accounts for 60 crore people. So the scope of this business is golden. You just need to get started instead of worrying about the market.

Reasons for starting this business

  • Huge market demand
  • In trend
  • Investment is moderate
  • All-year-round business

5. Website Development

Investment

₹40,000 to ₹60,000

ROI

1 to 2 years

Profit

₹12,000 to ₹18,000

Believe it or not, you can earn upto Rs. 50,000/- per month just by developing one or two websites. So, if you have previous knowledge or any course certificate on website development, grab this business opportunity and flaunt your creative side. The competition is huge, but you can easily take care of it by building a potential client base and providing quality services.

If you are skipping this business idea just because you don’t have any knowledge regarding website development, then hold on. You were about to make a mistake. Yes, because you can easily learn about website development online, even for free. So, what can be better than that?

Scope of this business

In the present time, almost all businesses are in a race of going online and marking their presence. So, it’s a huge opportunity for website developers to turn the table and make decent profits. In future, this creed of business going online will only increase without any downfall. So if you want to be established as an entrepreneur with impeccable website development skills, it’s time to set up a business.

Reasons for starting this business

  • Low investment, just a computer required
  • Great use of knowledge and skills
  • All-time in demand
  • Lucrative profits

6. B2B Online Store

Investment

₹70,000 to ₹80,000

ROI

1 to 2 years

Profit

₹21,000 to ₹24,000

Creating a B2B online store is one of the best business ideas in Delhi to start in 2020. There are a number of wholesalers who do successful business in the city. Create a platform for them where they can sell products in bulk and at the wholesale rate. The USP of this business is, you don’t have to invest much, just need to hire a website developer who will help you in creating the online platform.

But how are you going to earn? Well, charge a certain amount as a commission from the sellers. eCommerce sites like Amazon, Flipkart run with this paying model. But your website will slightly vary from their ones as you will be selling products on wholesale rates.

Scope of this business

As we already mentioned, Delhi is the biggest hub of the wholesale market. So, it will be really easy to get sellers who will be willing to enlist products on your platform. Moreover, the sellers will be pretty much excited to reach customers outside Delhi in this convenient way. So, your market is ripe, and brand value will increase indeed.

Reasons for starting this business

  • Competition is low
  • Easy to get both of the sellers and buyers
  • Low investment
  • Lucrative profit

7. Affiliate Marketing

Investment

₹30,000 to ₹70,000

ROI

2 to 3 years

Profit

₹9,000 to ₹21,000

Affiliate marketing is all about referring to a product/service to an audience. This is followed by getting paid with a certain percentage of the sales value as commission when the product or service is availed from your reference. This would be one of the latest business opportunities in Delhi. You can make a good living by signing up for affiliate marketing.

Now the obvious question arises, how are you going to refer to people? Well, there are many options. You can just start a website and rich your audience with good content, or you can make youtube videos, do instagram posting, anything whatever you like to do.

Scope of this business

There are different companies who permit affiliate marketing. For example, Amazon Affiliate, Siteground Hosting Affiliate, Flipkart Affiliate, Hostgator Hosting Affiliate, Vcommission, Commission Junction, and more. Nowadays, people tend to do a bit of research before purchasing any product or taking any services. So, if you can make a strong audience base and show the utility of the product or service you are referring to, there will be no dearth of your profit.

Reasons for starting this business

  • Easy to start
  • You don’t need to have your own product or service
  • Highly profitable

8. Tours & Travel Company

Investment

₹1,00,000 to ₹3,00,000

ROI

3 to 4 years

Profit

₹30,000 to ₹90,000

It can be hard to believe that this is one of the most profitable business ideas in India as well as in Delhi, which you can start with a very little investment. You can tie up with different small tours and travel companies, hotels to treat your customers with the best-in-class services.

First start with a website where all your services will be mentioned and then list all of your businesses on the online booking platforms like Paytm, Yatra, MMT, and more. Hire a digital marketing agency to do the branding, and no one is there to stop you.

Scope of this business

People love to steal the moment of solace from their hectic daily schedule. The city people love it the most to step out of the office cubicle and spend the weekend or a few days of the holiday outside the town. So if you keep your services affordable, you are going to get a huge number of customers.

Reasons for starting this business

  • Low investment
  • Easy to get customers
  • Highly profitable
  • Round-the-year demand

9. Housekeeping Services

Investment

₹30,000 to ₹60,000

ROI

1 to 2 years

Profit

₹9,000 to ₹18,000

Delhi has a renowned name in the hospitality business with numerous hotels and commercial structures. You can have a business plan focusing on offering housekeeping services to commercial structures and hotels. The ROI takes minimum time for this business, and profits will be huge once you establish your brand.

Your initial investment consists of human resource, equipment, a website and a vehicle to transport equipment to your client’s workplace. If you can build a network, your client base will grow exponentially.

Scope of the Business

As there are different industries present in the capital of India, your service will be required throughout the year. Not only the industries but also there are different administrative offices which require manpower to run daily errands. As per the economic growth of India, there are more industries which are yet to set foot on the city. So, rendering housekeeping services is definitely one of the best business ideas in Delhi.

Reasons for starting this business

  • Low investment cost
  • People with strong networking skills are in advantage
  • Lucrative profit

10. Verification Services

Investment

₹1,00,000 to ₹3,00,000

ROI

5 to 6 months

Profit

₹30,000 to ₹90,000

You might know document verification is how much important for any company before recruiting a new employee. These companies spend a lot of time and resources during the time of recruitment. You can start a business which will provide a convenient solution to this problem. Start verification services with low investment and make a huge profit.

First, you need to request for the authority and then build a strong network of the investigators, legal information providers, and police. Next, hire an employee who will work with you. Once you build a strong client base, there will be no end of profits.

Scope of this business

As mentioned, there are lots of small and medium companies operating in Delhi. All of them spend resources during recruitment. So you can easily get clients and charge a decent amount to do it for them. If you start this venture now, in this time of low competition, your networking will be great after 2 or 3 years. This will help you in making huge profits.

Reasons for starting this business

  • Lucrative profit
  • All-round the year operational
  • Easy to get clients
  • Low competition

Winding-up

We’ve shared top 10 business opportunities in Delhi. Now you have to do a tally and pick one idea which you think is the best in terms of your skills, investment, and market demand. Let us know which one you selected to start within the below box. Also, if you have any more queries, use the same box to get in touch with us. Here we are signing off. Stay connected for more guides. Best of luck!