20 Best Startup Ideas To Make Money

Startups in India have become one of the most developing sectors as they attract billions of dollars of funding every year. However, every successful startup starts with the idea that the entrepreneur implements and manages to generate hefty profits by catering to many customers. The initial idea is crucial in creating a successful startup. Here are the twenty best startup ideas to undertake and create a successful business.

20 Best Startup Ideas To Make Money

1. Cloud Kitchen:

With online food delivery startups, finding customers without a physical outlet has become relatively easy. You can start a cloud kitchen at home and list your menu on online food delivery apps.

2. Daycare Business:

A profitable startup business idea is to start a daycare enterprise to look after the children of working parents. You can charge them a monthly fee against the services you would provide to the parents by taking care of their children.

3. Subscription Boxes:

These are becoming a fast pacing industry where the maker curates a small collection of specialised goods and decorates it creatively for a specific occasion such as birthdays or anniversaries. You can start such a business online and charge as per your items and work.

4. Online Reselling:

Another good idea among startup business ideas is to start an online reselling business to buy from local sellers and sell the products at a higher price online. You can deliver the products to their address and charge accordingly.

5. Pet-Sitting:

Similar to daycare, pet parents who are working professionals don’t want to leave their pets alone at home. You can start a pet-sitting business at home or get a different place to take care of the pets and charge the owners monthly.

6. Printing:

You can start a creative printing business for personalised things such as photos or quotes on t-shirts, mugs, or other things for customers and charge them per order.

7. Cleaning Service:

Working professionals or students do not get time to clean their houses or clothes actively. You can start a cleaning service to clean their houses, clothes and other things by charging a fee.

8. Online Teaching:

If you are a teacher, you can start an online teaching service using a website or social media channels such as Youtube or Instagram to earn through a fee or total views.

9. Custom Clothing:

Another startup idea is to create a custom clothing line that caters to personalised clothing demand for customers. They can tell you the type of clothing they want, and you can charge them for creating the clothing as per their interest.

10. Online Bookkeeping:

If you are an accountant or know about accounting, you can start an online bookkeeping service and bookkeep the records of businesses or individuals in return for a fee.

11. Consulting:

If you have expertise in a specific industry, you can start a consulting business to help businesses achieve their goals and objectives.

12. App Development:

App development has become a high-earning industry. If you know about app development, you can start a freelance business to develop apps for various companies.

13. Podcasts:

If you are knowledgeable about a particular subject, you can start a podcast service and make money through affiliate marketing, donations, and sponsorships.

14. Influencer management:

Social media influencers have taken over social media marketing and require a management service to manage their sponsorships. You can start such a business and charge a fee.

15. Freelancing:

You can start a freelancing service for the industry you know and understand. You can ghostwrite, copyright, or write SEO blogs for various businesses and charge per word or project.

16. Repair Service:

Another good startup business idea is to create a repair service that can repair vehicles and other appliances by visiting customers' houses.

17. Digital Marketing:

You can start an agency to offer digital marketing services if you know about digital marketing. You can garner a host of companies and charge a fee per project or monthly.

18. Vlogs:

If you have a unique idea or experience to share with people, you can start vlogging by purchasing a camera and earning through the views.

19. Homemade Products:

If you are good at making products such as food items or other types of goods, you can start a homemade product business. You can list your products on social media channels and find customers to sell to and make a profit.

20. Wholesale Business:

You can start buying products in bulk from local manufacturers and start a wholesale business at home. You can create contacts with retailers to sell wholesale products regularly.

Avail Of An Ideal Business Loan From IIFL Finance

IFL Finance offers collateral-free small business loans with attractive interest rates. You can apply for the loan online by verifying your KYC details or visiting IIFL Finance nearest branch.

FAQs:

Q.1: What is the loan tenure for IIFL Finance business loan?
Ans: The loan tenure for an IIFL business loan up to Rs 30 lakh is five years.

Q.2: How much time does it take to approve the IIFL Finance business loan?
Ans: IIFL Finance business loan is approved within 30 minutes of application. Once approved, you will receive the loan amount in your bank account within 48 hours.