here are some best small business ideas
1-Well, I would like to share the most innovative idea of a person
That person is a constable. He bought 5 E-rickshaws recently which costs him ₹ 6 Lakhs approximately.
Our town’s connectivity is not that good. And due to this sort of problem that person decided to fix this issue. Now , he hired 5 people who are trust worthy and he decided to rent his E-rickshaws to them. He charged ₹500/- per day from each.
No fuel required to run those rickshaws only needed to charge the battery every single night after riding 8 to 10 hours a day.
Those charging fare were also to carried out by those hired drivers. Not a single Penny of investment from the owner further. And at the end of the day, he earns ₹ 2500/- and monthly if you calculate its ₹ 75,000/- .
After 8 months, his investment money will be availed and his net saving will start after 8 months.
And this business idea ,he will expand eventually more because per day income of a single rickshaw driver is not less than ₹ 1000.
Learn, share and apply.
PET Bottle Recycling
Polyethylene terephthalate or PET (also known as PETE) is one of the most common types of plastic. Most single-serve plastic bottles, including those for water, soft drinks and juices, are made with PET.PET recycling is the process of reprocessing plastic that already has been used before and giving it some new reusable form. For instance, this could mean melting down soft drink bottles and then casting them as plastic chairs and tables.
Recycling of PET bottles has grown to become an Rs 3,500-crore industry and nearly 70 per cent of PET waste is reprocessed in the country. This positioned the market revenues at INR ~ million, which escalated in the successive year to INR ~ million, by growing at an annual growth rate of 29.9%.Nearly 70% of polyethylene terephthalate bottles are recycled in India, and the market is worth an estimated 35 billion rupees (US$ 530+ million) per year. India is expected to grow at a CAGR of 10.19% during the period 2018-2022. Entrepreneurs who invest in this project will be successful.
3- sahi idea—Garment Distribution
Developing garment distributing business. This is kind of B2B business, but also connects with the customer. I have some experience in this business.
You don’t need to set up a shop. Just sell it to shops on credit basis.
Big shops will not accept this kind of business, because they buy directly from the big dealers or directly from factories.Try Small Shops, only thing they need from us is Credit.
Means they will get the Products from us and but pay after a month. More the Credit period , more you can sell it to them. But getting the payment, you want to follow it up consistently.
But there are other ways ,
Ask for a space in their shop.
Place your own rack and place your items in that.
Monthly or Weekly , visit once and get paid only for the sold items in the rack.
This makes easier for shop owner to pay , as it is a smaller amount.
Also you can find out on yourself,
Which product is going well,
how much business you are doing from a particular shop.
Based on that , you can dump your products. If any product is not doing well , you can replace it or transfer it to other shops.
First you can try with 5 shops in different location and slowly make the progress.
You can also try this out as part time business. But follow up is very important her