Change your life and start some of the most profitable businesses in India

If we want to be successful, passionate and happy, then the effort is what we must have.

Most of us end up dedicating our own life to work for a Job. We become like everyone else: surrounded by bills, kids, and responsibilities to care about.

Life will be expensive, even before they get successful enough to pay for it. In the future, they probably have to change their jobs suddenly, and until the next generation, this will become a vicious circle for most people. Most of the people live their lives working for other persons. Of course, some of them also become successful and happy with their jobs.

But sadly, most of them finally realize, that this path won’t make them happy. It either won’t give enough freedom and wealth.

And those who find them unsatisfied, not successful, feel that they have no direction or just stand in one place in their lives. Some maybe have failed also. But don’t worry about that. Failure is our best teacher. Hoping is the process.

So what can you do to be successful and satisfied with the life? What can you do, if you are not satisfied with the job-life?

You can take another path, what few are willing and dare to take – You can become an entrepreneur. Follow our exclusive guide & resources for exporters-importers, agents to set up your own business!

Go to our exclusive guide from (HERE).

Start your own business, but start a profitable business in India!

So, why not start your own business and become successful through entrepreneurship?

Attention new entrepreneur! Learn, how you can make money in import export business nowadays, enroll our 100% Free course below.

Go to the full page to view and submit the form.

Steve Jobs has been said:” Your time is limited, don’t waste it working for other person’s dreams!“

As we come close to the end of the year, many of us start to set new targets and goals.

So, we encourage you to set a new target what can change your life– Starting a business of your own. Exportimportpractical is created to help and support new and current entrepreneurs to start and grow their export-import business.

Starting a business is a process, including actions in the right order. To describe that process, we have created from start to end guide with resources for exporters/importers, online sellers. Check out this guide here.

And now we give some ideas about profitable businesses in India which can be started by everyone: students, workers, housewife, retired people, entrepreneurs, investors or anyone who want to become a business owner.

We will look, what are the best businesses in India. We will explain some of the most profitable businesses in India nowadays.

Hint: The most profitable business in India we will point out at the end of the article- No 17 in the list.

But now, let’s start from the beginning!

1. Website designing

Website design is very necessary and important in modern life.

The website is a specific address of a company on the internet. It contains information about the business activities, products that companies want to export or sell to the local customers. Makes them understand and memorize things way better.

Especially it supports well for individual online sellers and international export-import companies. No design makes business unclear, impossible for customers to find products and read. Bad design can make the users never want to come back.

With a good company website is easy to attract more potential customers. This is one of the reasons why large or small businesses should have a website of their own. In 2018, India has more than 400 million people use the internet- accounting for about 30% of the population – a very potential market for website design business.

You as a website designer can offer your services to the local companies in your country and you can also sell your services to the foreign companies. So this is definitely great and profitable business in India nowadays. The costs to run this business can be low, but you need to have designing skills.

Tip to become successful

• Create competitive advantage: Put a lot of effort for your own website first, to stand out among many competitors websites. in addition to beautiful design, rich content, variety items, website designer should use online marketing tools such as, SEO, Google Adds word …

2. Selling Products Online

The Internet is an environment where people can talk, exchange data, and especially purchase goods without having to go to the store directly Especially it supports very well the small sellers because using the internet, you do not need to have real premises or shops.

You can set up e-shop and start selling your goods online in your living room. You can focus on local customers in India only, or you can target the overseas online shoppers- then you are already in the international export business.

Social networking is an effective selling solution, bringing high sales to many individuals and businesses.  Plus it is a tool that people who have very few capital, can afford to reach to the masses.

We can sell directly through the social networks, or link to our website to increase the number of visits, direct customers to the purchase through the website.

Unlike traditional sales, online sales can take place both day and night and fully meet the needs of both buyers and sellers. We will be proactive in business, by simply posting product information along with contacts so we can start offering products easily.

There are many online sales channels to choose from, such as Youtube, Facebook, Instagram or our own website. Also, it is possible to open the online store in a ready-made online marketplace, like Amazon, eBay, Aliexpress and others. Creating an online sales channel or a fanpage on popular social networks is more common and easier than ever.

Tips before starting selling online:

• Build your fully functional online store of your own or in some established platform
• Create online sales channels and fan pages on popular social networks
• Select suppliers of the products with certifications and high quality
• Attractive titles for products to arouse customer interest
• Describe the benefits of the product, branding
• Build your credibility as a solver of the problem
• Add the testimonials of the users already used your product
• Organize the delivery system

And yes, selling products online is definitely one the most profitable business in India now and in the near future as well.

NB! Most critical part for every online selling and export import business is to select the right product- 80% of the success depends on it. There are 2 most important criteria, read more here- How to select and choose the product.

Attention new entrepreneur! Learn, how you can make money in import export business nowadays, enroll our 100% FREE mini-course below:

Go to the full page to view and submit the form.

3. Travel agency- traditional but very profitable business in India

The list of the most beautiful places in India cannot be complete without the Taj Mahal in Agra, Uttar Pradesh. White marble tombs were erected by the Emperor Shah Jahan of the Mughal emperor in the 1600s to commemorate his third wife, Mumtaz Mahal.

India is always a dream destination of many visitors because of the beautiful natural landscape, the unique architecture and ancient culture.

India’s Indus River civilization flourished five thousand years ago. India is the birthplace of four important religions in the world: Hinduism, Buddhism, Jainism and Sikhism.

India is planning to cut taxes and create more incentives for tourism to boost economic growth and create more jobs. In the future, tourism will be one of the fastest growing sectors in India, become more and more foreigners will come discover India.

Here is no doubt, that if planned properly, business in the travel/tourism sector can be very profitable and lucrative.

You can start a different business in the travel/tourism sector such as: organizing tours, airline ticketing, travel consultancy, travel agency…

To run a successful travel business and attract more customers use the service, we need to do an research for potential customers. Analyze and meet the needs of customers in a timely manner, bring satisfaction to customers.

When arranging services for tourists, the travel business considers several factors such as:

• Time and distance
• The purpose of the trip
• Consumption habits
• Safety of the vehicles
• Stay and eat
• Prices and quality of the tour
• Explore the right tourist destination
• Festivals and entertainment included

4. Fashion Boutique- Import foreign brands and sell them as premium 

The fashion industry is really a thriving industry not only in India but also all over the world. There are many brands of clothing, some shoes are national brands and some others are international brands.

The fashion industry is really a very competitive industry, all clothing and footwear designs must ensure that they always match the trend if we want to continue doing business. In the country has more than 1.3 billion population, doing fashion business is not a big matter.

In the light of Indian rising middle class, it is clear, that there are business opportunities available. If you are able to select a right niche and focus on the right target group, you can have a profitable business in India.

We can choose from many kinds of fashion businesses in India to fulfill the dream of owning our own fashion boutique.

It could be the opening of a store and creating a boutique of your own style. Or rent a kiot and enter the fashionable “trendy” items to attract customers: Even you can open the online shop to get more customers.

Tips for a boutique keeper:

• For fashion stores, you have to identify the subjects ( target group) you want to sell your products: Men, women, the elderly, children. The products of fashion are diversely like clothes, shoes, perfumes, hats, belts, bags …
• Choose the location near to the most targeted customers. For example, the fashion business for students should choose places near schools, dormitory … to be able to easily attract potential customers.
• Don’t spend up all your money to the inventory/stock. Spend money to cover the cost of the first months, invest more into the stock if you see big interests by the customers.
• Design the shop so that there is the attraction and unique, a utility for customers during the selection of clothing or fashion products. Bring unique and beautiful aesthetic to customers, make customers curious. A suitable aroma is a bonus for a good boutique shop.
• In the process of selling, it is necessary to have appropriate attitudes and respect for customers. Sharing and good conversation with customers will create a good image. Giving compliments about a customer’s aesthetic eye or concern for customer issues is also something that makes customers happy.

5. Foods and beverages  

India is a densely populated country and strongly influenced by religion, Indian cuisine reflects a true-to-life social life. Variety in flavors, colors, India is a paradise of spices and flavors.

The most characteristic of Indian cuisine is the use of spices in cooking. Dozens of different spices are used to dramatically stimulate both sight, smell, and taste. Spices from India have become a luxury item in the West for a long time and are one of the inspiration for foreign trade between Europe and Asia.

Some famous spices in Indian dishes.
Chili, mustard, cassia, garam masala, cardamom, cinnamon, cloves, laurel leaves, mint leaves, nutmeg, turmeric, curry leaves, ginger, coriander, ferula, saffron and others.

Starting an exporting business and exporting spices to the western countries is still a very profitable business in India. For exporting business, it is very important to select the right products and the right target markets.

We will consider export-import business later on in this article.

Now back to the food and beverages. There isn’t a better way to combine food and beverage and create maximum value out from it than starting a restaurant business.

The restaurant business is one of the most popular business because going to restaurants has become a habit of people, especially in urban areas, tourist destinations in India. It is popular because the demand for different food is huge.

But the restaurant business is also very competitive.
In order to be successful in it, two things matter most:

• You need to select the right niche and style ( such which has a big demand, but low supply)
• The most important is- right location.

No matter you decide to open a modern European restaurant, or a traditional Indian restaurant or a Chinese restaurant. One should pay attention to the budget of start-up, cultures of the places, source of supply, designs for the restaurant, menu, staffs, marketing, and brand name etc.

Even, the restaurant business is competitive, it is still a good chance, that it can be the very profitable business in India for you. Because Population in India is tremendous and people need food. Also, the Indian middle class is rising.

6. Pharmacy business- Probably most profitable manufacturing business in India

In recent years, the Indian pharmaceutical industry has created its own position. India is country known for supplying low-cost generic drugs to the global market, which has grown and matured more with the development of technology and product research.

Today India has become the world’s largest exporter of generic drugs, the fastest-growing and the most competitive.

India is exporting drugs to more than 200 countries, of which the major market is the United States. Between 2014 and 2016, US pharmaceutical companies have doubled the number of licensed medicines for India from 109 to 201.

Indian pharmaceuticals accounted for 40% of the total new licensing from US companies, up 35% over the same period last year.

India has a huge advantage over a plentiful human resource in the pharmaceutical industry, including many scientists and engineers. The country is providing about 80 percent of the world’s AIDS-fighting drugs, and the potential is growing.

It is possible, that Pharmacy manufacturing is the most profitable manufacturing business in India.

In India, the licensing period for pharmaceuticals, foodstuffs is only about 5-7 years, thereby allowing companies to mass produce products later to reduce costs.

This is completely different from the United States or many Western countries with a copyright term lasts for decades.

In addition, India does not grant patents for pharmaceutical inventions that do not outperform older drugs unless scientists demonstrate it.

All the before mentioned facts mean, that Indian pharmacy industry is very competitive in the world. For people, who have experiences, education and knowledge about pharmacy can start an export business with Indian drugs and other pharma products. Profits in drugs business are high and it can be very profitable and lucrative business in India.

7. Café business- Popular small business in India

 Cafes are spread all over India and are becoming trendy by young people who choose cafes as their destination to meet and exchange. Research has shown that 40% of young people drink coffee, simply because of the joy, suggesting that the trend toward coffee is promoted more socially, rather than preference or “need” .

All these signs indicate that a coffee culture is accelerating.

Opening a cafe can be good and lower cost alternative for a restaurant business. Compared with restaurants, there is more room in the market for cafes in India, because India is originally not a coffee country. Potential is huge as more an more people start to visit cafes.

Having a popular cafe in the great and highly populated location can be a very profitable business in India.

Young people meet and drink coffee because of the fact that Indian society is influenced by Westerners, which has helped to strengthen the major brands such as Starbucks, Costa and soon to be the brand chain.

Before deciding to open our own drink shop we should equip ourselves with the necessary knowledge especially those who have not experienced in this field.

It is necessary to thoroughly understand the raw material ( coffee beans) areas, compare the quality and price of each region,  understand the customer’s feedback on the quality of the material.

Selection of quality raw materials supply, indirect factors affect the revenue and profit of the café.

Owning a perfect drink-making formula with delicious quality is one of the key factors to keep and attract more customers to the cafe.

Additionally, India grows also coffee by itself. There is also possible to start coffee growing and exporting business in India. Indian coffee can compete with Brazilian, Arabian coffee.

Related article: Export-import business opportunities for Indians.

Attention new entrepreneur! Learn, how you can make money in import export business nowadays, enroll our 100% FREE mini-course below:

Go to the full page to view and submit the form.

8. Steel & building materials store- traditional local business

 Global demand for steel is expected to rise to record levels this year, driven by strong manufacturing activity in India. India will become the world’s second largest steel producer and is also a big importer of steel.

In recent years, India’s steel mills have recorded record highs to meet the growing demand for infrastructure, new homes and consumer goods in the country. With high growth rates, the Indian steel industry is expected to produce about 300 million tonnes by 2029-2030.

The Indian government also paid attention to the “Indians buy Indian goods”, which emphasized the need to buy steel produced domestically, thus increasing the domestic steel consumption.

The world’s steel industry is turning to electric furnaces because of lower carbon emissions. The rise of the auto industry also boosted domestic demand for steel.

In addition, India also exploits construction materials such as sand, stone, and cement.

From the previous, it is clear, that having a traditional local store for steel and building materials can be a good, stable and profitable business in India. It is so because the Indian middle class is rising and constructions and building business sees stable growth.

But open a building material store requires a significant amount of capital. Most people do not have the money necessary to start a business in this area. So if we can not meet this capital, we shall have a strategy to raise capital effectively and thoroughly from the bank, relatives, or combine business with others.

9. Mobile phone business

 India is becoming one of the hottest mobile markets in the world. The number of mobile users in India is roughly the size of the US population, and the number of users is expected to increase substantially in the future.

India has 650 million mobile users, but just over 300 million people own smartphones and that number will increase by more than 50% over the next few years. This is a great opportunity for smartphone makers.

This is also good news for importers and exporters and also for those who are dealing with phone repairs

International brands like Samsung, Apple, Oppo, Vivo and Xiaomi are all trying to compete with Indian brands like Micromax. At present, Samsung holds nearly 25% market share in this country.

iPhone is too expensive for most Indian people. However, Apple has recently started producing these smartphones in Bangalore, India’s technological capital, hoping to offer a more competitive product.

Along with the diverse development of the mobile phone market, telephone repair is now considered a top career choice for young people. This is the type of business with the initial investment costs not too high but profits quickly if there are skilled workers.

Mobile phone and its accessories retail and repairs is popular, easy and very accessible business for young people in India. This kind of business doesn’t require much capital, but it can be a profitable business in India already on the small scale.

10. Graphic designing business- suitable for artistic people

 Graphics is a field of communication in which messages are received through the visual path. Graphic design is the creation of visual solutions for means of media.

Graphic designers are professionals who create business cards, leaflets, logos, leaflets, web pages, stationery and other marketing products. Business owners can use these items to attract customers and influence the market.

A graphic designer understands the importance of these items to further refine our business. If the image conveys a good business message, it helps the business bring an impressive identity towards the target audience.

With design elements such as colors, fonts, and spaces combined carefully, brochures can enhance business success.

Graphical design can be a good choice for a person who has artistic talent. This kind of business is not suitable for everyone. But if you are talented in art and you have the necessary skills, then this business can be for you the most profitable business in India with low investment.

11. Interior decoration store- another stable local business in India

 In India, the land of many billionaires, rich people here not only have fun collecting cars, using luxury goods but also willing to spend heavily on expensive villas, full facilities, to express their level.

Furniture is one of the most high-value product in an interior.  If spending a remarkable amount of money, surely customers always have strict requirements on the product.

Therefore, the style, design and quality of the interior elements, which make up the value of the product,  are the factors that every decoration storekeeper should focus first. It is necessary to improve the ability of competitiveness and be more attractive for the store visitors.

To run an interior decoration store business, It needs a good taste, understanding of the needs of the masses to choose the goods to suit the tastes. The better you are able to select the products to your store, the faster the products will sell out.

We should capture and anticipate new trends in the future to timely bring the appropriate products into our store. This is the most important factor in determining the performance of an interior shop business.

This kind of business is well suitable for someone, who is familiar with and passionate about the interior design. In this business, the niching down and focusing is crucial. There are too many interior styles our there, nobody can be enough familiar with all of them. Most important is to focus on that, what you know best.

If you deal with the right style furniture and you are able to target the right people, then the profit margins in this business can be high. You can have profitable business In India.

12. Children toys business

Children’s toys are always needed as a hobby for all children, helping children to develop their skills and intellect. Need is increasing especially for educational, intelligent and safe children’s toys.

Opening a children’s toy store is a potential business opportunity not only in India but also in many other countries. Especially for smart toys, as the social living standards go up and the care of children’s intellectual education is becoming more and more concerned.

But now, in the middle of a toy forest of unknown origin; smuggled goods, imitation goods, fake; poisoned, or made from recycled plastic, the choice of educational toys for children is not simple.

It is noteworthy that, as living standards improve, investments in skills and intellectual development for children are always of interest to parents. They are ready to choose their favorite children’s smart toys. This is a great opportunity for those who trade those items. It can be a profitable business in India and in other countries.

In addition, the production of children’s toys is not only a business to pick up more money, but also a humanitarian work to support the poor children around the world.

So, the demand for high quality, safe and smart toys is increasing not only in India but also elsewhere. For Indian local people, it means, they can open online or offline shops. Also, as India is also great manufactures of toys, then here is possible to start exporting children toys.

13. Real estate- expensive, but highly profitable business in India

 Real estate business is the investment of capital to carry out construction activities, purchase, receive transfer for sale, transfer; lease, sublease real estate objects.

After a new real estate object is built then there are also different services related to real estate. Providing real estate brokerage services; real estate trading floor services; Real estate consulting services or property management for profit purposes.

For the ones, who are interested to start a real estate related business, then there are lot of options. Building and selling requires a very big amount of capital, but the returns can be also very high. On the other hand, starting as a real estate agent doesn’t require much capital, but of course, also the possible profits are lower.

It is clear, that there are great business opportunities in the Indian real estate sector. Real estate can be a highly profitable investment and business India, for local entrepreneurs and also for wealthy foreign entrepreneurs.

The location of real estate is the leading and most important element that creates value as well as the basis for valuing real estate.

Selecting a good location means that the property has a high value-growth potential, especially high valued are those locations which have rapid urbanization. The more densely populated the more cost of new real estate.

 The strong turnaround since the global financial crisis, as well as the open of new government investment policies, has helped the Indian real estate market to win the hearts of many foreign investors. .

India is the brightest star in the Asia-Pacific, and key markets targeted by investors include Mumbai, NCR and Bangalore, with more than two-thirds of capital flowing into these cities.

Much of this capital inflows are flowing into office buildings and residential areas which are being developed.

14. Wedding planning- glamorous & profitable business in India

 The wedding business is booming in India. This is also a new type of business, which did not exist a few decades ago.

With rising incomes, modern couples are bolder in investing in their happy days. People choose to find a wedding consultant to organize their wedding. More and more people are investing in this field, making the market vibrant.

In this field, the location is considered to be one of the first important factors determining the success of the business.

In India, weddings are a way of expressing social status. Although every year there are 10 million weddings held in India, some families may still spend 20-30% of their lifetime income on weddings. Wedding ceremonies, ceremonies, rings, Hindu rituals or other religious ceremonies usually last a few days.

The growth of the Internet users in India is an important factor boosting the wedding industry in this country. People are using the internet extensively to find information about weddings and Western-style meeting rooms ( altars) – a trend that is also gaining the attention of the wealthy people in India. . More and more couples in India want to approach and experience this new experience in their wedding.

If you are well aware of the wedding styles and ceremonies in western countries, then this can be your chance. for the weddings, people are not saving the money. In this business, big money is turning. This is a highly profitable business in India for years to come.

15. Jewelry shop

With the gold rush in India, it is not surprising that this is the second largest import item after crude oil. Total imports of gold and silver are $ 55.7 billion for the 2012-2013 fiscal year.

Indians are worshipers of gold. Farmers save money by buying gold jewelry. Many wear gold-plated rings and billionaires donate gold to temples for the sake of forgiveness.

In addition to being a symbol of wealth and social status, gold is also the belief and culture of the Indian people. All of this has made India the world’s largest gold consumer.

And not only the gold but Indians also like precious stones, diamonds, crystals.

Why jewelry business is soo profitable

The jewelry business offers a great reward because the need of being beautiful, glamorous is becoming very important. Jewelry in India reflects the social status and class. There is a need not only for cheap jewelry but also for high-end jewelry.

Jewelry is like the fashion item, buyers always demanding aesthetic as well as beautiful, eye-catching and with approved quality items.

Therefore, finding and choosing the source of supplying quality jewelry for your store is very important. It determines the outcome of our store business.

In the old times, those who kept the jewelry shop business in India had become very wealthy. In nowadays, competition is more intense, but it can be still very lucrative and profitable business in India.

Nowadays, jewelry shopkeepers, need to leverage internet technologies and sell market their products more online. Trough internet, jewelry sellers can reach to the global market. It is also possible to sell jewelry online to the very far countries

 16. Export import business- most profitable business in India

This is not a secret, that in export-import business, people in India and in other developing countries can make the biggest profits. This is the most profitable business in India now and in the coming years.

There are many reasons for this. In short, India manufactures a wide range of products and because India is still a developing and low-cost country, then the costs to manufacture the products are very low. But the prices for those products in western developed countries are much higher.

India is becoming a new “China”. Indian Export grows fastly and India is replacing Chinese exports in many different product categories. Profit margins can be very high, sometimes 100%-300%

Currently most of the Indian goods exporters to the European countries. Europe is also the best market for India now. Read- where you should export.

3 – key questions need to be answered to become successful

1. What products you should export, to gain maximum profits from International markets.
2. To where you should exactly export your products?
3. How to find and reach to the buyers.

There are lot of different profitable businesses in India in the field of export and import. We have written an article about the most profitable business ideas in Export/import.
We are sure, everyone will find opportunity from there.

If you get really excited about the potential of export/import business, then, we advise to check out our export-import blog and learn more, what is possible. And for seriously interested people, we have created special and practical online courses, programs, we also have export/import business mentoring and consultation.

Check from here: Our Practical Export/import business training programs and courses.

Attention new entrepreneur! Learn, how you can make money in import export business nowadays, enroll our 100% FREE mini-course below:

Go to the full page to view and submit the form.