6 New Small Business Ideas 2024 In India With Low Investment [2024]

From 18 years old, you go to school, then college until 21, and then work for the next 30 years until you’re 50, waiting for death. I’m sure you don’t want to live a life like that. Every middle-class person wants stability, comfort, and financial freedom in their life. But having just a job that doesn’t make you happy is not enough. You need a business to make more money. But where will the money come from?

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You might think you don’t know how to do anything, your parents won’t support you, and there’s no time to try something new. You may not have any ideas or know what kind of business to start. And if you fail after learning, then it will feel like a waste of time. Don’t worry I am here. I will talk about this article 6 best small business ideas in 2024 with low investment you can insert today on this business. Hello friends, I’m Prince Likhon, founder of Startup Balance.

Idea 01. Wedding Planner Business

Business idea number one: Wedding Planner Business. Friends, in India, no matter how big a problem comes, one thing never stops and that is weddings. Whether the economy is booming or in recession, people spend a lot on weddings. If you have event planning or wedding skills, you can start a wedding planner business.

If you can create wedding themes, decorations, and handle everything that goes into a normal destination wedding, you can earn a commission of 5 to 10 lakhs. If you organize big weddings or events, you can charge 20-30% commission. Nowadays, organizing weddings has become necessary.

If you want to learn more about this business, you can join an agency and work under them to gain experience. When you start making contacts, you can open your own agency. I’ll share my personal experience. When I was studying in Jaipur, my roommate was a professional singer who attended many events like destination weddings and corporate events. He made many contacts and started getting more events.

When he understood everything about organizing events and weddings, he opened his own event company. Knowing he couldn’t do it alone, he partnered with a friend who handled event management while my roommate performed as a musician at the events. Today, they run a successful event management company together.

You can do this too. They even invite big celebrities to their events now. So this business is very good for those who want to start their own company with some initial capital and hard work.

Idea 02. YouTube Content Creation Business

Right now, there are 2.5 billion active users on YouTube. Every day, 122 million people watch YouTube, and 500 hours of content are posted every minute. There are more than 50 million channels, including many from India. In 2021, a report showed that Indian users contributed 10,000 crores to India’s total income. So, it’s important to learn about the YouTube business.

You might know famous YouTubers like CarryMinati, Technical Guruji, and Bhuvan Bam. Their networks are good, but they don’t make all their money just from YouTube. Today, YouTube can be a great way to grow your business.

First, you need to post quality content regularly without taking breaks. As your audience grows and more people watch you, you can turn it into a better business source. You can create courses, make podcasts or sell products like merchandise. This way, you don’t need to go anywhere else for marketing.

If that’s not enough, you can do affiliate marketing and earn between 80,000 to 1 lakh rupees every month. You just need to help people by providing what they really want. If you have the passion, your audience will be ready to support you.

Your audience will also help in your future ventures, making your popularity and brand value grow even more. Recently, something similar happened in the Big Boss competition where a YouTuber named Elvish Yadav became the winner. So if you want to be a successful YouTuber, focus on quality content and explore other business ideas as well.

Idea 03. Content Creation Business Using AI

In the 21st century, if you want to grow and make more money, you should use artificial intelligence (AI). AI is everywhere now, even in your office. But when it comes to creating content, many people think it takes 30-40 hours of writing, making videos, and more. Don’t worry! AI has made it easy.

There are many AI tools that can help you create titles, scripts, videos, and even thumbnails. You can write blogs, post video or podcast content, or create song lyrics from any story. It’s super easy with AI.

Let’s look at some AI tools:

1. Chat GPT – This is a popular tool for creating content ideas. Just type prompts and get your script or blog titles in minutes.

2. Copy.ai – If you need marketing descriptions or catchy prompts with SEO words for any product or channel, use this tool.

3. Podcast.Adobe – To improve your voice recording quality, even with a cheap microphone, go to this website and enhance your audio. You’ll get clear voice results.

4. Synthesia.io – After preparing scripts and formats, use this tool to create videos. It’s an amazing tool.

There are many more AI tools in tech fields like Microsoft that you can learn to create content for others and make money. With AI’s help, your work becomes easier and more productive. So try these tools and see the difference they make in your content creation process!

Idea 04. Online Custom Gift Store Startup

Now we talk about business idea number 4: online custom gift store. What happened is that since COVID came, it pushed us into the world of Instagram, YouTube, and web series. You will agree that nowadays 70% of work happens online. The world stays on a 24×7 online platform. As people got addicted to web series and TV shows, they wanted customized necklaces, gift cards, and more online. This business has grown a lot in India.

To start this business, first find out what type of customized gifts you want to make, like wedding, birthdays, parties, or office gifts. After choosing one or two categories, learn from someone who knows about it or watch tutorials to learn yourself. Next, make a sample and record a short video of three or four gift samples.

Create a website or Instagram or Facebook page and post your catalog there. You can use AI to help with this as well. Slowly reach out to people and showcase your business on social media platforms. Talk to customers, receive orders, find a reliable distributor for delivery, and don’t forget to get feedback. You can build a good home-based business this way and earn around 50-60 thousand rupees per month easily. As you scale up, your income can increase even more.

Idea 05. Freelancing Business

Business idea number 5 is freelancing. Friends, in this stressful world of jobs and work, if anything has brought a revolution, it’s freelancing. Right now in India, there are 15 million freelancers who earn money every hour, every day by giving their services not only in rupees but also in dollars.

The world is changing and just doing a 1995 job won’t be enough. We need to find something that gives a stable income even when working from home. That’s where the freelancing business comes in. Freelancing means everything is yours: your content, your service, your time, and your place.

Freelancing business has grown so much today that it’s hard to know what to do. There are many websites like Fiverr, Upwork, and Freelancer where millions of people post different types of jobs like writing, designing, web development, consulting, virtual assistant, marketing, video creation and many more. People are now easily creating things and selling their services on these websites to earn money in dollars.

So what should you do? You need to ask yourself three questions: First, what are you passionate about? Second, do you know how to do that work? Third, is there demand for that thing or not? Find where these three circles meet and do that work.

Idea 06. Drop Servicing Business

Now let’s talk about business idea number 6. This is a business model where you offer services to clients, but you don’t do the work yourself. Instead, you find other people to do the work for you. Let’s use an example to understand this better.

Imagine you have a video editing company. A YouTuber needs their video edited and contacts you for help. You make a deal with them to edit their 10-minute video for $100. After making the deal, you won’t do the work yourself. You’ll pay someone else, like a freelancer, $70 to edit the video. So, you make a profit of $30 without doing the work.

The best thing about this business is that you don’t need to do the work yourself. All you need to do is find good video editors and have clients who need your services. If you have regular work coming in, you can hire video editors on a salary basis and charge your clients more than what you pay your editors.

This business is in high demand because everyone needs online services today, like video editing, content writing, and graphic designing. You can pick any niche and start your business. To find clients, you can use Facebook ads, Instagram ads, or email people and show them your team’s work with some demos.

If clients like your work, they will give you jobs easily because people don’t mind spending money today if they get good service. Tell me which business idea you like best by leaving a comment.