17 businesses you can start with little or no money

startup_ideasYou want to start a business but do not have idea or spare money. Check out these ideas below. You can start these businesses with little or no money. These businesses can teach you all basics of running a business – setting up a shop, basics of accounting, pricing, negotiations, marketing and promotion. You will also get a taste of what it is like to be an entrepreneur.

I always tell people to start early as an entrepreneur. If you are one of the lot then pick one of these ideas, based on your interest and skill set, while you are still in school and get going.

Do not worry if you are not an early starter, you need not be young to start any of these.

1. Consulting business: Pick whatever area you have expertise in. Personal finance, brand, marketing and get going.

2. Dance/ music school: You have always been good at dance or music. Just get some practice with a local dance/music institute and start on your. Start with basic courses. Keep on learning and upgrading your offerings side by side.

3. Online business: A blog can be turned into a business but you need to put a lot of work and it may take longer than any other business to establish. Upside is that you need not work at any specified time. You can learn to code and develop various apps or get into affiliate marketing.

4. Real Estate Agency: It is simple. You go around in locality, check online and print listing for properties that are to be leased. With this info advertise in classified section of a local newspaper or craigslist. You will also need to contact the property owner and take their consent to represent them.

5. Content writing: If you have some writing chops then you can start as a writer/ blogger for hire.

 

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Every day 100 or more readers come to this page – looking for business building ideas and advice. (Few of) you ask in comments, many reach out to me via email. There is a problem, not many are willing to put in hard work and time needed to build a successful business.

For those who are willing to put efforts – I am creating a structured program to help you get started. You can Apply to Join Here or Learn More.

 

6. Creative Agency: You can start a graphic design, web design or online marketing (offering services like social media marketing, search engine optimization, online advertising etc.). Start with one and add more services as you move ahead.

7. Fitness/Yoga Trainer: If you love to work out and have trained professionally this is an option for you.

8. Web Maintenance Business: A lots of small businesses get their website made for cheap and then wait for their designer to update it. You may become their angel by offering website maintenance services. Offer once a month contact and take up to 20 clients. Later as your business grows and you move on to bigger things – hire an employee to take care of this part of your business.

9. Career guide: Millions of youngsters and their parents are confused about what to do next. You can research about relevant career options for youngsters and what it takes to succeed in each area. Do not the promise the world.

Just share what you know. It is better to see yourself as a research assistant. Ask for the interest area of the youngsters and offer options based on that. If are young then pitch this as your USP as you are well versed with the thought process and aspirations of your clients.

10. Teacher: As boring as it may sound it is well paying. Check out this story to see how lucrative it can be.

11. Professional speaker/ trainer: If you have been working for a while then this is one option you can give a shot. You can start with free and move on to fee which can go up to $50,000 for a day. But thinking about $1500 a day is more realistic and you can aim for it right away.

12. Event Manager: You choose to be a corporate event manager or specialize in managing weddings.

13. Corporate gift specialist: There is good scope in this space that is why this is cluttered. You need to identify unique gifts at various price points and establish this as your USP.

14. City walks: You know more about the city you live in. You have been blogging about it for years and love to go out. Create a city walk and show people who what they have been missing.

photographer_business_card15. Professional Photographer: Pick your niche – people, fashion, or events. You need to invest in training and gear but break even should not be far away if you play your cars

16. Chocolate maker: Chocolate is loved world over and if you learn to mould it in different shapes you have a business on your hands.

17. Tour operator: Get creative with this one. Organize gap-year programs for students or cultural heritage tours.

Hope this helps you get started. For some of the above options you need to train first. An online presence can help.  But you need to start first before you build it up.

Thanks to Abhishek, Manansi and Yukti for their ideas and feedback.

If you have more ideas just share in comments and I will add it here.

For details on any of these feel free to write to me.

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Comments

  1. Pingback: 100 things I learnt as an entrepreneur and what you can learn from it. | Mohit Pawar . com

  2. Mohit Pawar

    Pradeep, i need to understand at what stage of your business you are at. Are you already running a real estate agency or you want to start one? Any background in this business? With this info, i’ll be able to share relevant ideas.

    I understand you are in India. These days, Craigslist is a good place to start offering your services, if you add a pic to your listing the open rate will be more. Then there are other avenues like 99acres.com, MagicBricks.com etc.

    If I were to share a step by step process, it’ll look like this;

    1. Identify what part of business you want to start with – residential, commercial, rental, lease or sale/purchase. Based on my understanding of the business – residential rentals are easiest to start with.

    2. Once you decide on the area, search the neighbourhood/locality you are well versed with and connect with landlords/property owners and ask them if you can help them find a tenant/buyer.

    3. Now list this property on portals above and give you name/no as the contact person.

    Looks like you are in business.

    It helps if you have a website.

    Feel free to connect for more. You can reach me here – http://mohitpawar.com/contact/

    Good luck with your efforts.

  3. TUSHAR SHARMA

    These suggestions were really good but for the same we want to think a different view, if someone is working and want to do some aside business with spending a short time what will you suggest.

  4. Mohit Pawar

    Tushar, I’ll first ask the person about the skill set. If somebody is an accounts professional working in a job then the person can offer services to small business, to manage their accounts.

    Commit to spend 10-15 hours per week in finding, connecting and servicing these clients.

    What is your core skill? Once you share I’ll be able to tell better.

  5. TUSHAR SHARMA

    Brother, I am totally attach with a finance (Account) related job, we can easily spend 10-15 hours in a week & totally contribute our weekends as we have 5 day working according to official schedule.

    My aim is that I want to spend my life with a very tight schedule, in spite of a busy schedule I want to be learning much more and no doubt earn something as well.

    But In my life I have a very bad point that I don’t have any professional certificate & I realize that it’s a very big negative point from which I suffer, I am working for the same meanwhile I don’t want to spoil the valuable time.

    1. Mohit Pawar

      Thanks Tushar.

      1. Decide on what service you want to offer to your clients. You need to focus as account/ finance is a vast field.
      2. Think about how you plan to find customers. Through referral, existing contacts, cold call/ email.
      3. Write a one page document about your business and price.
      4. Get your 1st paying customer as soon as you can. A business is not a business without paying customers.
      5. As this will be your 1st business, volunteer to offer your services for free in return of a testimonial or a referral if this non-paying is happy with your work.
      6. Keeping moving fast till you find 7-10 paying customers.
      7. Serve these customers to the best of your abilities.
      8. Not core but important find a name for your business, get the cards printed and/or get a website.
      9. Though it’ll not hurt but you do not need a degree to succeed or make it big in business.

      Wish you start soon and if you feel stuck somewhere, just connect.
      Good luck!

  6. Saurav Kanjilal

    Hi,
    This is Saurav Kanjilal currently running an little Educational Institute and a Cyber Cafe. Now I have started a Real estate agency business. I have a part time telecaller and a part time marketing executive. Please suggest me some ideas to run the business more smoothly.

    1. Mohit Pawar

      Hi Saurav,

      Good if you share more. Is this in a town, city – small or big?
      How are your currently marketing your businesses?
      These details will help me share relevant thoughts.

      – mohit

  7. tauseefraaz

    Hello Mohit, i want to get more information about online buisness,what things i need to do this i have a laptop and 4g connection. I am living in KSA.
    Please send me an E-Mail with full story. Thanx
    [email protected]

  8. Nilesh

    Mohit ,

    can you suggest something with a investment of 75,000.I have a PC and internet connection as well ..But can’t open a office as of now …but have a place for a store room in home .

    1. Mohit Pawar

      Nilesh,

      Almost all the ideas in the post can be executed with what you have.
      You can also start a digital marketing outfit – helping companies set up and run their Facebook page and twitter account.
      To start – think of a name, create your own page and learn to promote it – offer same service to other small businesses.

      Explore http://www.tutorvista.co.in/index.php if you want to get into online tutoring.

      Tons of amateur photographers – put their photos online – with editing them. You can offer such photographers a service to Photoshop their images.
      Rs 10 – 50 per image. You can also offer monthly package of Rs 2000 for up to 100 images.
      Once your work load increases – and you have more work than you can handle – either hire someone to do it for you or increase prices.
      But first you will have to learn Photo Editing (Basics tools like Photoshop – you can learn at home or go out and learn from a professional – will take around 15-30 days).

      Explore and connect as you move.

      Good luck!
      -mohit

    1. Mohit Pawar

      Hi Saaquib,
      Point 13. Corporate gift specialist – companies big and small – give away awards, trophies etc. during their internal celebrations/conferences and also give away gifts to clients and partners during festive season and new year celebrations etc. There are agencies/vendor who supply such gifts to companies. The person running such a business is a corporate gift specialist.

  9. vikas chawla

    Hi Mohit, this is vikas, well abovve mentioned ideas are perfect but i am not that versed at all to apply . can u suggest me something else and unique,well i have a shop in which i run business of custom tailoring, i want to expand it without any difficulty or rather start a new business.

  10. Tripti Raj

    hi, Mohit,
    I am a 30 year old married woman. I was previously working in a pvt bank for five years but now i m on break coz i hv a six month old baby, i want to start work now but do not want to be a employee but want to start my own business with flexible timing. I am a law graduate and have done i yrs course in management.though my husband is earning good i can invest upto RS. 2 lakh due to my other loans and obligations.Pls guide me.

    1. Mohit Pawar

      Hi Tripti,

      Thanks for writing.

      For starters, please refer to this comment – http://mohitpawar.com/businesses-you-can-start/comment-page-1/#comment-44705

      What are your strengths? If you have thought about it – the ones you have naturally and the ones acquired over the years. Read this if the need be – http://www.amazon.com/StrengthsFinder-2-0-Tom-Rath/dp/159562015X

      Explore the comment that I shared above and your strength – I will suggest more.

      If the need be please feel free to write to me – http://mohitpawar.com/contact/

      Good luck!
      – mohit

  11. Jaff

    Hi

    I m a financial Analyst,great with numbers and background education as MBA finance, Financial Risk Mgt (GARP).

    Please suggest some ideas for me.

    1. Mohit Pawar

      Hi Jaff,

      Start a workshop for people about basics of finance.
      First workshop invite a group of friends and colleague – make it short and sweet, 1-2 hours.
      Take feedback and improve.
      Do second one – and invite other set of friends and colleagues, record this on video and see where you need to improve. (You can volunteer to do one at the place where you work for non-finance workforce)

      Third workshop – make it paid – create an event on ayojak.com, doattend.com or meraevents.com – I have used both Doattend and meraevents. Personally I like DoAttend. Your pick – choose whichever and launch – keep 50 days between launch and date of workshop.

      If you like these – move ahead and scale.

      Check http://www.iwillteachyoutoberich.com/home/ (By Ramit Sethi – have made big brand and business by teaching other basics and finer nuances of finance) and http://chandoo.org/wp/ (by Chandoo – solid business more than $400,000 in sales in 2011 – by teaching others to use excel – mostly online).

      Totally only Google launched Course Builder – a tool//codebase if you want to teach others online – https://code.google.com/p/course-builder/

      Explore and share – what you think.

      Good luck.
      – mohit

  12. Aditya

    Sir,I completely agree with u.But my problem is that how will I know my ability in various types of business.I am currently a general college student.I am unable to select the field of business I should start with and how.plzz help

    1. Mohit Pawar

      Hi Aditya,

      You will not know without doing.

      Convince 10 of your friends or those who study with you at college to pay you in advance for custom t shirts that you will make for them.

      You will need to do your home work before,
      – to see what are the t-shirts style not available generally in stores or on stores like Myntra.
      – Then find out who makes these t-shirts, talk to 4-5 such people/companies and select one and find out a price.
      – Add 40% to this price and then go back to the first step – getting advance from students who study in college.

      This may not be the business that you will do eventually – but you will understand the basics of persuasion, market research, sales and many more.

      Makes sense?

      – mohit

  13. chandra sekhar mohanty

    hi mohit
    great job done. i appreciate those people who wants others to become entrepreneurs rather than service holders

    again great job done.

    i have left a good job and want to start my own business but not getting an appropriate partner for making a pvt ltd company.

    please do respond

    i am your huge fan

    1. Mohit Pawar

      Hi Chandra Sekhar,

      Thanks for your kind words.

      Have you thought about the area/kind of business you want to get in?

      Pvt. Ltd. company is not a big challenge, finding an appropriate partner is – think of some friends you went to college with. Those who have the same aspirations and goals as you have. Great if your partner has a complementary skill set (for example – you may be good in developing a plan and executing and your friend/partner may be good in creating partnerships).

      Build a prototype of the plan that you have in mind – run it as a proprietorship firm for 3-6 months – later if the need be – create a pvt. ltd. company. If you can roll the business – with the help of employees and do not need the partner/co-founder then make one of your family members you love – mom/dad/sis/wife as the case be – give a small stake to them and create company.

      Feel free to write to me at http://mohitpawar.com/contact/

      Good luck with your efforts.

      – mohit

  14. bhupinder Singh

    Dear Mohit,

    May be ‘m late but i think every minute is right, to take the decission.

    dear i’m in job working on Sr. post in a IT company for sales ,but as service is always not a sure game, i want to start my own venture…. i try for it too but whenever i take step my salary stop me to go ahead…….. as i’m a family man i’ve lot of responsibilities and have little amount in savings, it push me back …..

    more so over as our sector (IT Infrastructure) is in saturation, i want to think something new innovative but related to same.

    i can work hard, i can face the people of all segments, but want to start a new life & money for me.

    Pl. suggest…..

  15. Manjari Singh

    I have completed my MBA in HR 2 years back, but did not do job. Now i want to start my own business with minimum investment. plz suggest some idea………..

  16. Ranvir Singh

    Dear Mohit,

    I have served in army for 30 years. After retirement, I have worked in a P Ltd Co for 1 year as hr/Admin Manager but no appointment letter, PF,ESI offered being new one.

    Again I have joined a Channel Associate of Thermax in Hyderabad. Here the same problem exits ie no PF,ESI and appointment letter. I am working in the capacity of Manager.

    I want to start my own business with low money as I have already invested my money earned on account of pension benefits for daughter’s marriage, one son is studying in London and other one doing B.Tech in India.

    Please advise me. My age is 54 years. I am MA and Certificate in Business Management from Amity University.

    with regards

    Ranvir Singh

    1. Mohit Pawar

      Dear Mr. Singh,

      Business is a mix of skill or opportunity.
      A business owner sells skill as a service or after converting skill into a product – in a market where there is an opportunity. Where people are willing to buy what you have to sell.

      Success in business – also depends on the time horizon. Are you willing to give it a try for a week, month or year?
      2-3 years is a good time horizon – if you want to make something work.
      So if you tell yourself that I am in it for at least 3 years – it should work.

      I suggest that you think about your strengths first. Read http://www.amazon.com/StrengthsFinder-2-0-Tom-Rath/dp/159562015X to explore in detail, and build on that.

      Option 1.

      I am assuming that you as an ex-army man are a good strategist, and a well-organized person.
      This can be converted in a course – which you can list on http://skillkindle.com. This is an upcoming platform which you can use to promote your classes.

      You can also take guest lecture assignments at institutions in the city – where you live. This will give you market feedback.

      Before, you do this in front of an audience – prepare and share mock lectures with your son or a close friend – who can give you feedback and you can improve.

      Give yourself not more than a month to prepare.

      When you are 15 days into your preparation – create a profile and start emailing and calling your target audience.
      Meanwhile – you can also create a pamphlet – and distribute (around 1000 – with the help of your newspaper vendor) in your locality – and offer to teach a free class – You can do this at your home.

      The pamphlet should include,

      What, where, who, why?

      What are you teaching? (make it a 1-2 hour class)
      Who is it for for? Who are you?
      Why should they attend – talk about benefits/ not features.
      Where – time/day/venue

      5-10 people (more if you are lucky) should turn up.
      Right after the class/training gets over – you can ask your students for testimonials. This can be used later on your website and in your introductory letter to institutions.

      If this works well – you can start a training business – around your skill-set.
      If you want to go up a notch – you can get certified – as a Dale Carnegie or Stephen Covey coach. Both have their local offices here.

      This is a 4-step program.
      – Find out your strengths.
      – Hone you skills around these strengths.
      – Package skills as a product.
      – And sell it to the market.

      —-

      Option 2.

      You can lease a decent property in a good neighborhood. (You can partner with the property and share profits, in this case you will bring customers and the owner will provide property).
      Furnish and list it on a platform like AirBnB.com
      Add 100% above your costs and promote it there.

      —-

      Option 3.

      If you are physically fit – you can a start fitness bootcamp.
      This can be month long camp – which can be run in a near-by park after taking permission from the community.

      —-

      Option 4.

      You can take the franchising route. Look up info on franchiseindia.com and see if there are any franchise on offer that fit your budget and interest.

      —-

      Hope this helps and feel free to ask further.

      Good luck!

      – mohit

  17. Dharmishtha Madan

    Dear Mohit,

    I am 24 year old working mother. I am very impressed with your ideas, i always wanted to start something of my own.. Currently i m working as a marketing manager in one of the e-commerce company which deals in baby products.. I would be very grateful if you can suggest me something which i can start on my own with low investment.. Also my husband is a training manager,he has worked with retail, ITO and also in automobile,so it would be great if you can suggest something which we can start…

    1. Mohit Pawar

      Hi Dharmishtha,

      Thank you.

      Depends on time you want to invest.

      Option 1.

      You can start an online service related to (gourmet) food. Look at http://www.gourmetiz.com, http://www.gojee.com/, http://lovewithfood.com/ It can be a delivery driven model or a marketplace.

      Option 2.

      Curation is also a big opportunity.
      Pointing people to right resources.
      You can start a e-newsletter focused on women or students (from a group K12, college going, those pursuing professional education) and share curated deals with them. This is different from a daily deals website – where you push everything that can make you money.

      Think about – your audience seeing you/your newsletter – as a trusted source that they can used make purchasing decisions.
      You can aim at creating a simple newsletter – with 100,000 subscriber in a 12months – 15 months period.
      You do not need more than 100 deals to offer in a year. Look at http://dailyworth.com/dailyworth this is for financial space.

      You can outsource newsletter content creation and run it almost handsfree.
      Use a service like MailChimp.com which can manage subscribers – it is free for up to 2000 subscribers.
      You only investment will be in design/development and your time (~10 hours a week, 5 hrs on weekends + 5 hrs weekdays).

      You husband can start the same for training industry.

      Only start one at a time.

      Option 2 is a low maintenance business – that you can start on side. I call this running on a parallel path – http://mohitpawar.com/parallel-path/

      Once this gets in the groove – one of you can leave your job and focus full-time on this.

      Good luck!

      – mohit

  18. dipak

    sir i too have business ideas but can i get other help,,how to create and register a company and handle other issues like licensing and other matter, then how to find and attract customers

  19. Gajanan Trikutkar

    Hello Mohit,

    First time I came across this Blog…. I am also thinking and working on starting business. Need your guidance into the legal procedures.
    I made license for “SHOP ACT” as i would like to start it at my home.Now I want to goa head for making current account in bank but lot many questions from Bank for which I do not have answers.

    Please guide how to go next about these legal things.

    Regards,
    Gajanan

    1. Mohit Pawar

      Hi Gajanan,
      You can connect with a CA or use an online service like http://elagaan.com/
      Are you opening a proprietorship firm?
      In that case – go with a public sector bank.
      They are quite prompt these days.
      You just need standard inputs.
      Like a company seal, a letter head for your company, address proof, identity proof, your photo,
      with these go to the bank and fill their standard form and you should be ready in no time.
      Try this – go to a newly opened branch and things may get easier for you.
      – mohit

  20. Gajanan

    Dear Mohit,

    Thanks for your quick reply.
    Anyways I approached to Axis bank who needs address proof for my business. CA can help me to provide same.
    Lets see how it moves further.

    About suggested website its very nice to know and certainly will help me for legal formalities.

    – Gajanan

  21. Gajanan

    Dear Mohit,

    I have query about tax & invoicing of the goods or service which we are going to sell. It will start with cross state trading only and will not target beyond national borders.

    So how to start up with. What I need to apply for CST or GST no ? Is there any other tax or legal formalities for such business case.

    Kindly help.

    Regards,
    Gajanan

  22. Shivendra Prakash

    Sir i have seen your 17 business ideas but i m very confused to what to do. I m from Varanasi. Please guide me. Im also very weak financially.

  23. gurpreet

    hey mohit..
    m a 19 year old student in delhi….

    reading everything above
    u made my hopes..
    m motivated by ur ideas,,,

    i wnted to know how i can make money online easily…
    like i hav seen many websites but i dont really trust them…

    please please please suggest me some reliable, trustworthy online earning sources…
    mail me at [email protected]

    I would be really greatfull to you mohit…
    im waiting for ur reply..:)

  24. Doris Siankwilimba

    Hi Mohit,

    i have been following and reading what you are writing, you just brought back hope in me and m so motivated. i m curently working with a charitable organisation as a faclilitator where we are working with small scale vulnarable farmers. is it possible tht you can connect me how to make money online?? i feel what im getting is not sufficient and would want to make more money.please contact me on this email [email protected].

    Thanks.

  25. Ashutosh

    Hi Mohit,

    M 19 yrs clg student, m in b.com second yr i wanna start my own business plz help me in setting up my business i have no money and idea to invest i have heard many ideas of starting business but they all were confusing and were craps plz help me….

    -Ashu

  26. sangwan

    hello dear Dr. mohit
    i am sangwan 25 year old. i want to start my business as a builder. with the capital of less then Rs10 lakh plz help me

    1. Mohit Pawar

      Hi Mohan,

      What is your area of expertise?

      Anyways – irrespective of this – a business – whether online or offline is driven by transaction.
      In this transaction value is exchanged – business owner sells something which a customer values and pays for.
      The price that customer pays should be more than what it took to produce the product or service.

      — To run an online business,
      You need customers – in online world that is a part of traffic to a website or a place where you sell your services.
      To build traffic you need expertise in services you plan to sell or good quality products that you want to sell.
      It starts from there.

      Read through – and if it makes sense or if it doesn’t – come back and ask.

      Good luck.
      – mohit

  27. Kashif

    Mohit sir, i am a graduate electrical engineer what business can i do with min investment. We two friends are doing marketing of static and dynamic websites in our small city. We can make websites what other services can we provide to our customers, which are mainly small business owners and schools of our city. Please must reply.

    1. Mohit Pawar

      Hi Kashif,

      The business you have started – making websites – is a good one.

      I guess you are young. In your early 20s?

      Few things,
      – Do not get it into too many things too soon. Stick to what you are doing for a while. For example, now you have started making websites. Be at it for at least 12 months – 18 months.
      – You said you are doing it with a friend. Put things on paper. Who will do what – who owns what. If – God forbid – something goes wrong, choose friendship over money or business.

      – Learn to sell. That is one of the most important skills that you can develop. It will help you in whatever business you get in.
      – Fill your own website – with good content.
      – Every day write to 2 new people – 5 if you are ambitious. Send them a mail with tips to improve their website. If they write back – offer to do it for them. [How will you find these people, just look at business directories – that list businesses]. Create an email – that talks about benefits of having a presence on web. This is 2013 and people need not be told – that their business should have functional, content driven websites. But still many businesses do not understand it. Good for people like. Teach them and help them. And those who need professional help, offer your services and make money.

      – Know that everyone you pitch to will not buy and that is OK. Do not loose heart. Keep at it, and stay in touch. Do not be pushy, spammy – just stay in touch.
      – Get testimonials with photos from clients – who you have done work for. Put it on your website. Tell them that it will bring them visibility. If you do not have testimonials – offer free services in exchange of testimonials.

      – Learn to get paid upfront.
      – Deliver on your promises.
      – Do awesome work – and make the client feel – that they are getting more than what they paid for.
      – Learn email marketing.
      – Learn to cold call.

      – Make lists. Read this every day for a minute and act on the advice – http://www.virgin.com/richard-branson/blog/top-10-tips-for-making-lists
      – Optimize your website for search – someone who comes to your website via search is making a choice and reading what you have to say. Someone who sees and online ad – is interrupted to see your message. Not that ads do not work but search is better.
      – Not less important. Be good to yourself – do not be too hard on yourself and BE GOOD TO OTHERS. Help when you can – and give back when you can.
      – Aim for the sky and do not forget where you started.
      Service your can provide.

      – redesign of existing websites
      – monthly e-newsletter
      – you can do both content and design
      – Manage social media accounts for these clients.
      – You can rename for sms marketing services as mobile marketing solutions.

      Hope this helps.
      Wish you luck.

      – mohit

  28. Jayaram Singh

    Hi Sir,

    My self Jayaram Singh. Currently working in a reputed company as an engineer. My intention is to start a hotel / medical business with some handsome amount (50-1 Lakh) in Bangalore. Please suggest me how can i improve my earnings.

  29. Munawar

    Hi , i want to email you and ask you some thing but if you dont mind please not here .. if you got any e mail please let me know i am waiting

    thank you

  30. shailin

    Hi Shailin here.

    i really want to start a business but have no any idea which type of business with lowest cost can i do. plz help me .

    my education is M.Sc.(organic chemistry). and want to start business with chemical or similar suitable.

  31. Prasad

    Hi Mohit

    I m a newly qualified chartered accountant and i want to be an entrepreneur. I am thinking to start a online business. Pls suggest me what kind of business should i start? and that too with a initial capital of Rs. 1 lac. I tried to become a financial adviser for shares and stocks, but my whole capital vanished up due to huge loss. I dont want to do job.

    I will be very grateful for your help.

    Thanks & Regards,
    Prasad

    1. Mohit Pawar

      Hi Prasad,

      Thanks for writing.
      If you have burnt your fingers once,
      then it makes sense to play it safe for now.

      Most of the businesses fail or do not work,
      because the person building the business – thinks it will start rolling real quick (which in most cases is true),
      and also for lack of knowledge of the space the business is in.

      I suggest getting in a field, you know about.
      Accountancy for one.
      and giving yourself time to succeed.
      You are young – so think 2-3 years horizon to get a solid start.
      For 1st year – you should think of it as your source of bread and butter.
      Keep expenses minimum, work out of your (parents’) home.

      And do not make running a business – an excuse for not working enough.
      Start a small branded website like – simplyaccounts.com (have just made this name up)/ any name that you like and the domain is available.
      Get cards printed, meet people, ask for business.
      Instead of monthly/regular assignments – focus on creating small service packages – 1.8k to 10k
      If you do 15-25 small assignments in a year, you can your 2-3 steady clients in second year.
      By the end of 2nd year – you can hope to make amount similar to what you will make in a job.

      Add ideas, create plans/prototype and share – I will be happy to share more.

      Good luck.

      – mohit

      1. prasad deshpande

        Hi Mohit

        Thanks for your reply.

        I want to ask you something more. I am very much interested in online promotion of products (like in my case – accounting’s website if I make a website like simplyaccounts.com). I just wish to know how to do this?…I dont have any knowledge of online promotion. But it clicks in my mind when I see some ad in google or any website. What is the cost for such kind of things? Please explain me in detail if possible as i m new to this scenario.

        I will be grateful for your help.

        Thanks & Regards,
        CA Prasad Deshpande

      2. Mohit Pawar

        Hi Prasad,

        If you want to start online,
        then go for a website without bells and whistles.
        Just About, Services, Contact simple pages,
        and promote it using personal contacts.

        Online advertising works if you plan to spend $10,000-15,000 or INR 500,000 – 800,000,
        Less than this and you may not get optimum results. This is at least true for contextual advertising (Google Adwords being the most prominent)

        Facebook advertising may work at a lower amount.

        In your case LinkedIn promotions can work – but i have no experience using them – so can’t recommend. Try it if you are ready to experiment and spend some money doing it.

        What better you can do is – write resource articles.
        About services you want to offer,
        and post it on your website/blog.
        This way you will expose yourself to people who are looking to find professionals like you.

        Think about how you found out this resource and about me,
        you searched for something and then you found it.

        It may take you some time to be able to reach people like this.
        I have been writing here for more than 7 years now.

        Not that it will take you 7 years but it will take time.
        Initially, your website will not do much,
        you will have to go out and tell people about what you do.
        and offer them your services.
        so along with being a CA – you will have to become a sales person.
        Not like – you will go out and push your services down the throat of people who you know and connect with,
        but you will share whenever you meet anyone – who can benefit from your services.

        To learn more on this read these two books – Ziglar on Selling http://www.amazon.com/Ziglar-Selling-Ultimate-Handbook-Professional/dp/0785288937/ and Frank Bettger’s How I Raised Myself from Failure to Success in Selling http://www.amazon.com/Raised-Myself-Failure-Success-Selling/dp/067179437X

        Get started.
        And come back if you get stuck.

        – mohit

  32. Prateek gupta

    I am a student n interested in business but don’t know what to do…. can u please suggest dat what should i do…..

    1. Mohit Pawar

      Hi Prateek,

      I suggest you start here – http://mohitpawar.com/build-a-startup-as-a-student/

      Not sure about your background. Assuming that you are a technology student. Try to solve a problem that you face using technology.

      Ashish Chowdhry, a young student from Ahmedabad, faced challenges during his management exams preparation and created CATapp.in.

      Look around and see what is the challenge students are facing and create a businesses around that.

      You can teach a speed reading class in school/campus for starters.

      This can be a good start for your to learn and build.

      Drew Houston – faced this problem of forgetting his USB drive. To solve this problem he started building something for himself – which was better than existing solution. This thing became https://www.dropbox.com/ which is now a company worth many billions. It was only in 2007 that the company was incorporated. Drew was in his mid twenties then.

      Interesting – Drew started Accolade, a bootstrapped online SAT prep company while in college. As per Drew it was, “….ramen profitable…. but more importantly a great introduction to the wild world of starting companies.”

      So, look around,
      build things for yourself,
      do not go for fancy.
      – and think about making money early doing it.
      spend a lot of time reading, in company of smart people, less on internet, more in the world.

      Go and start. More questions? feel free to ask here.

      – mohit

  33. Nitin Sharma

    Dear Mr.Mohit

    I am Nitin Sharma. I am really impressed by your responsiveness. You give advice to everyone. You are so much attentive to every query. Great job done!!!!

    Mohit i am working with a company and on 1st of june i will complete my 1 year with the job. I am a hotel management graduate. Worked 4 months with Radisson corporate, now working with a wellness company. Actually from the start only i wanted to do my own business because if i can give lakhs of business to my company – i can create business for my own company also and i am confident about that.

    So please give me a suggestion what should i start??

    My interest is food and beverages and sales, meeting with people, PR, Making business but don’t have much capital so please suggest me a business which can start in Rs.1 lakh.

    I will be thankful to you.

    1. Mohit Pawar

      Thanks Nitin for your kind words.

      Hotels and resorts always look for new business,
      and there are these boutique properties that do not have local offices.

      You can partner with such properties and businesses,
      and get paid for business you generate.
      This is low risk and low investment opportunity.

      You can also get trained to be an image consultant,
      there are courses where you can learn this.
      Once your training is over – you start offering your service to individuals first.
      During first 6 months – 1 year offer a low cost solution as you will not be the top of your game and still be learning.
      Your first 5-10 clients can be your friends – treat them as clients and work in return of testimonials/recommendations.
      During first year – do it is as parallel path – http://mohitpawar.com/parallel-path/
      Then move to high paying executives and enterprise (corporate) clients with better prices.

      There are ways to spend money.
      Build a flashy website, run online ads
      but i say only a simple website is enough – nothing more is required.

      Stage 3 is to scale your business – 3-5 years spectrum,
      write a book, become an image coach
      but that will come later.

      You can make a similar start in most of the industries that you have mentioned.
      Pick one and get started.

      Good luck.

      – mohit

  34. Hemant Nikam

    Dear Mohit sir,

    I am a Hemant Nikam, graduate mechanical engineer what business can i do with min investment. plz guide me

    Thanks & Regards,
    Hemant

    1. Mohit Pawar

      Hi Devendra,

      City walk is a good business for those who love and know the city that they live in.
      As a city walk creator and guide – you take city dwellers and tourists (national/international) for interesting walks through monuments/places worth visiting. This is more intimate than normal tours conducted by a tour operator that tries to cover an entire city within a day (mostly by a bus). A city walk usually covers only a small part of a big city, and is done on foot.

      I suggest you do this if you are really interested in learning more about the city or already know more than others about it. Good thing is that it can be done while you work in a job – early mornings/late evenings.

      Check out these links for reference – http://www.bangalorewalks.com/ and http://travel.nationalgeographic.com/travel/city-guides/venice-walking-tour-1/

      If I were you – I will take a month to understand the area where I want to organize city walks. Read, learn more about people, cultural hot-spots and food of that locality. Then I will invite a group of friends for this surprise walk. This will be your first city walk. Build testimonials based on feedback of your friends – and use it for your promotional email or website.

      Pitch as a business to the professional/personal networks of these friends. Do your first paid activity.
      Rinse and repeat.

      – mohit

  35. Sapna

    Hi,

    Wanna ask u that if u can suggest me an online business like real estate or in other field then plz write here something for me. Currently I m a house wife, but i want to earn some extra money.

    thanks
    sapna kotnala

    1. Mohit Pawar

      Hi Sapna,

      You can start cooking classes. You can become an online tutor or write for business websites.

      What are the skills you have,
      Have you worked before?

      Will suggest more based on that.

      – mohit

  36. Vikas Choudhary

    Gr8888 Job Mohit !!!!

    I am going to start a real estate site & a classified site, as i am seeing a good scope in that. could you mentor me on this ??

    1. Mohit Pawar

      Thanks Vikas.

      Good luck with your efforts.

      Are you starting this as a hobby project or want to make money doing it?
      If you are doing as a hobby – then go ahead and it.

      As a business – you need to figure how you will make money?
      Advertising is a poor way of making money so you will have to think of more ways like sponsorship.
      Even for getting sponsors you need base traffic. I will say around 3000 visitors a day.

      If you live in a large city – you can make a local classified portal,
      charge for listing and give free web presence to all.
      If you manage to list – 1000 businesses in 1st year,
      you will be set. Not as easy at it sounds, but workable if you hustle.

      Do it for all reasons – but also think a little ahead while doing it.

      Share more – what you have mind and we can discuss further.

      – mohit

  37. Tuhin Tanu Saha

    hi mohit,

    I am working now in an educational institution as a corporate relationship manager. My previous job was as an ad marketing executive in newspaper industry. So I have a strong database. I am mba in marketing. Now i want to start my own business. may not have enough cash. how can i start my own business. I want to start event management business, is it right for me?

    1. Mohit Pawar

      Hi Tuhin,

      Cool.
      Corporate relationship means you get students placed in companies, through the relationships you build?

      1. You can start a training business. Through your current job you already have inroads into HR department of companies,
      through them you can connect with Learning and Development team and pitch for your services.

      2. You can find good niche print or online magazine and do direct sales for them,
      for a bigger version of this – see http://www.federatedmedia.net/

      3. You can start a business – that helps education institutions connect with employers,
      same thing what you are doing in your job – but now you will do it for yourself. Colleges in tier 2 cities should be big buyers of this solutions, you will know better.

      Or you can do totally off beat – like being a travel writer. I have written about these type of things in http://mohitpawar.com/business-ideas-for-world-travellers/

      Event management is a tricky business – one you should get in, if you have some experience doing it.

      Discuss as you roll.

      Good luck.

      – mohit

  38. Vriti Dhugga

    Hi Mohit Sir

    Greetings of the day!!

    I am Vriti from Amritsar. I am married and working with Educomp Solutions from last 3 n half years. But now i would like to start my own business. Can i go for wedding planner?? as it was my dream business i want to do it. but i know it really need guidance as well as good team too. Can you please suggest me that how can i start??

    Thanks

    1. Mohit Pawar

      Hi Vriti,

      Wedding Planning is a good choice.

      There are two ways to go about it – all in or slow and steady. If you want to stick to your job for a while – then slow and steady will work. Just volunteer to be the wedding planner for a wedding in family and go about doing everything as a professional (paid) wedding planner will do. Use few pics and feedback from this experience – while pitching for new business. If you are able to do a good job – who knows, you may get your first paid client from here.

      Initially – you can just plan the flow of event and fix meetings with vendors and do on-venue management. See that everything is in place for engagement, wedding, reception and smaller functions in between. Later as you gain experience, you can add more services – like planning honeymoon details and local travel and stay for important guests.

      To make sure that you do not bite more than you can chew – initially – let payments be between the client and vendor (caterer, photo/people, florists, designer etc.)

      To market your services – you can create fix fee packages. Go to http://www.theknot.com/ and good local ones – and note down what options you can offer to your potential clients. For your understanding – think how you will a plan a wedding with a fix budget.

      Your next important step will be to create a list of possible vendors, and organize meetings with them. To get started – on weekends talk to family and friends – and ask who they used for one of recent weddings and how was their experience. From here you will get your first set of vendors.

      To get prospect list – you can contact local venues – because once a marriage is fixed – a family books the venue first. Now pitch these prospects with your services – rinse and repeat.

      Guess, it will take few years to establish good reputation,
      so do it – if you want to be in it for long haul.

      Good luck!

      – mohit

  39. Sachin Kumar

    I want to start a business but i have not got a lot of money hardly i can spend one lakh rupees so do you have any idea in which field i should invest it..

  40. Nadeem

    Hi Mohit,

    This is Nadeem, a Mechanical Engineer working in Auto service field. I want to start a small Automobile Quick Service Workshop in Chennai City for multi brand cars. Can you please give your valuable guidance, like, how to do, whether it would be profitable or not etc.

    Regards
    Nadeem

    1. Mohit Pawar

      Hi Nadeem,

      This is a good idea.
      Automobile segment is a fast growing one – means more and more cars are being manufactured and people are buying them everyday.
      That is the good part.

      The other side which you can think about,
      It is not an organized segment, still people get their car serviced at their favorite mechanic’s shop.
      Still the audience in 25-40 are open to go to branded outlets.
      Serving the higher end of this market – are brands like Carnation (started by former MD of Maruti Udyog)
      I am sure there are already many upstart trying to fill the space that you are thinking of getting in.
      You are working in this industry – so you will have more insights which is good.

      Is there any pain points of customers which you have sensed and you want to offer a solution to this as your USP?
      A simple way to understand whether it will run it or not – is to survey people. Go to people in the 5km radius of where you want to operate this and ask about their willingness to use your shop/service once you open, tell them benefits and price points also. You can also do it where you live, on weekends.
      This will give you a fair idea about the viability. Not everyone will come once you launch – but many who you surveyed and said yes – will come.

      If the interest is enough – you can tie up with a local existing shop – forge a partnership to brand and market it.
      This will get you started with less risk. Once you get a hang – working on the ground, launch a 100% owned operation.

      Best wishes,
      mohit

  41. Anand Mohan Mishra

    I want to start a small business, so plz suggest me which business is suitable for me. I have completed B.Tech in 2012 with electronics branch.

    1. Mohit Pawar

      Hi Rajeev,

      Not sure of your background.

      SEO is a specialized field, and need you to be more skilled that other professions shared in the post,
      before you can offer your services to other.
      I suggest you start with this SEO beginner’s guide and keep a tab on the industry trough websites like SearchEngineLand.com
      Also working in a similar role for 6 months to 1 year will help before you start on your own.

      – mohit

  42. Mohit Nikam

    Hi Mohit,
    I’m a computer engineer. I have some banking experience but the problem is I’m looking for a job in software field but still i’m not getting it so thinking to try new business… what should i do ..my interest is in land dealing.

    please help me out.

    1. Mohit Pawar

      Hi Mohit,

      Land dealing is a resource intensive and tricky business.
      Gain experience with someone who is this business (preferably in a job) and then decide on getting in.

      If you are very keen then you can start with niche rentals.
      Lease an apartment, get it ready – and offer to rent it on marketplaces like Craigslist and Airbnb.
      Once you gain some expertise – move in to land.

      1. Mohit Nikam

        Thanks a lot for your reply. My id is [email protected], hope you help me more.

        thanks,
        mohit

  43. Kalpan N Naik

    I have no education. I have no money. but I have confidence, but I have no idea & how to start business.
    pls tell me how to start a business. I can understand it’s not easy to start business.
    but I m ready to do lots of work any time any day.

  44. Pingback: Starting a Chocolate Making Business

  45. Sachin Bhatt

    I have 5 lacs to invest.. what kind of business is more profitable suggest some good one .. I am new in any kind of business..

  46. Mohit Pawar

    @Kalpan, Sachin and Sandeep.

    Stay tuned. I will be writing a series of posts on “starting up” next month here (on mohitpawar.com) – There i will share thoughts about what you have asked for and more.

    – mohit

  47. Harish Chaudhary

    Hi Mohit I m Hotelier working as Reservation Manager, i want to do something my businesses with the small investment, please advise.

  48. Satish Masurkar

    Hi Mohit,
    It was great to find your work
    I am forty three years old and lost the job few years back. so without loosing the hope i want to start afresh with a business. I have worked as Human Resource Executive. But I am more creative in nature.
    I like painting, films, photography, flowers decoration and therefore want to get into it.
    Please help.

    1. Mohit Pawar Author comment

      Hi Satish,

      You can start as a photographer.

      It only takes a camera and your imagination.

      You can do a small course to brush up your skills.

      Once you get going, sky is the limit.

      – mohit

  49. Mishri

    Hello Mohit sir,
    I am 20 yrs old and a student of physiotherapy. I want start some business with least capital.I have not much idea in this field. Could you please give me some good business ideas related to my field or any good ideas which can give me a good start.

    1. Mohit Pawar Author comment

      Hi Mishri,

      A service based business can be started quickly.

      You are young and inexperienced so work first with someone who is an expert, not too long but at least for 3-6 months.

      Then, you can team up with a friend of yours from college and partner with existing clinics.

      Ask more if you find this relevant.

      – mohit

  50. praveen

    Hi sir, I am Praveen. u have given nice tips sir. I have one question sir, I am having a managing skills and talents, is this enough and possible to start a business………………………….

  51. Saiylee

    Hi,

    Have come across your posts and am really impressed by it.

    I am 47 and was a working professional for the last 20 years and am currently unemployed am looking into getting into business but am not sure how to go about. My biggest asset is that I am very creative, hardworking, full of confidence. I am into handicrafts and make a lot of handmade items which I sell through word of mouth, but I hardly earn Rs 4000/- per month which is really killing as it’s too little to sustain in this competitive world.

    Can you please guide me how I can take my handicraft business further and reach out to many people and really make a good earning..please help and advise me….

    1. Mohit Pawar Author comment

      Hi Ram,

      To grow at work (i am assuming that you want to work in a better position and earn more money) here is what you can do,

      – Learn something that is valued by your industry. A good way to think about what skills are valued is to think about your boss or her boss and see what skill she has. Try and acquire those skills.

      I do not know much about your industry but see if a training in CAD/CAM will help you.

      – If you believe that you have skills that will be valued by other companies then change your job. Use common sense and take this step if the demand is more than supply or if you are so good that you are in a unique position to charge.

      – Move to a new country where earning for a similar profession is more.

      Do what works for you. Your mileage may vary.

      Good luck.

      – mohit

  52. Pingback: Validate Your Idea and Improve Your Chances of Success | Mohit Pawar . com

  53. Raghu

    Mr. Mohit,
    thanks for the tips u giving to everyone and i too like it and appreciate it.
    i also have a question for you about myself, i am good in nothing but hard working to make future good and some how i am unable to continue my graduate studies. i cannot look back to continue it again coz i am now of 28 years but i am good in English and i am working in international call center and i don’t want to do it for life time coz no one can continue night job either. so if u can give me advice what shall i do now in my life to balance the things and every thing to make me happy and my family happy. i will be thankful to u if u will share some information ..

  54. Amit Shrestha

    Dear sir,

    thanks for sharing your ideas with us but now i’m in confusion. i’m doing a business from past 10 years. it’s a water well construction job. in this past year I don’t know why I am not able to save money. and in my business the workers are not stable and the salary they are asking is not according to my earning from my work, and i’m raising loan amount. Now I think I can’t continue like this and my financial condition is not good. i don’t know how I can start new business and what should I do. please suggest me.

    1. Mohit Pawar Author comment

      Hi Amit,

      In your situation diversification looks like a better solution.

      You can lease your machines to other business owners in your line of work.

      You can also think about other related businesses where margins are high and try and get into those businesses.

      – mohit

  55. Umesh Mishra

    I am Mumbai based and willing to start a business. I can Invest 2 – 5 Lacs and I am interested in an online business like Flipkart and Zovi. Can u tell me the step by step process for it? Please help me!

    Regards,
    Umesh Mishra

    1. Mohit Pawar Author comment

      Hi Umesh,

      This is a tough space to get into.

      But you can get into a niche. (check Jaypore.com)

      Steps will be,

      1. selecting a product,
      2. deciding a name,
      3. buying a domain,
      4. setting up a website to sell
      5. promoting it.

      1 and 2 – can be done without spending any money. For 3 and 4 also, invest is minimal. You will need a little money for inventory and lot of courage, patience and hustling for 5.

      For website – I shared the process briefly here – http://mohitpawar.com/how-to-create-a-website/

      You can start quickly with eCommerce with sites like shopify.com or zepo.in – depending on the market you wish to sell to.

      Starting a business is the first step. Before you do it – ask yourself am I in it for long haul?

      Do not do it because it is fancy. Also do not take a lazy approach in deciding which business to do. Ask yourself the field you the best and start in that field or a related one.

      Good luck.

      – mohit

  56. Nikhil

    Hi,

    I have knowledge about passive network, cctv installation and problem shooting, I can invest 1 lakh to store the stock. Sir please help me how i should start business in this field.

    1. Mohit Pawar Author comment

      Hi Nikhil,

      Start with survey of local market.

      Visit as many shops, small offices you can in a week.

      Ask them if they have cctv installed already, if they have offer affordable maintenance.

      If they do not have it – offer to install.

      Do a little bit of research comparing your costs with competition. If you can’t offer less price (which is ok) – offer personalized and prompt service.

      Good luck.

      – mohit

  57. Ajit Kumar Singh

    I am working with commercial vehicle sales as a sales manager but I want to start own business in very less money. Please give me advice, how to start.

    thanks and regards.

    1. Mohit Pawar Author comment

      Hi Ajit,

      You can start a commercial vehicle maintenance franchise.

      Start by serving small fleet owners.

      You can check these for seeing what is available internationally and replicate it locally.

      http://www.pullmanfleet.co.uk/products-services/commercial-vehicle-maintenance/
      http://www.advancedmaintenance.com/franchise.html
      http://www.entrepreneur.com/franchises/categories/auto.html

      You can also source accessories from a market like China (see Alibaba.com and GlobalSources.com) and create a brand to sell it. It can be a GPS device or an even simpler component.

      Other option – can be to get into training drivers of commercial vehicle. You can create a module and sell it to large fleet owners. You may have to get a little training yourself first.

      Start small and move from there.

      Best wishes.

      – mohit

  58. S R

    I completed MBA finance, 30 year old female, i worked as an accountant in a private firm, but now no job, no money for investment, but i want to start a business pls help me.

    1. Mohit Pawar Author comment

      A service based business is easiest to start. Please refer to suggestions I shared as a reply to this comment from another reader – http://mohitpawar.com/businesses-you-can-start/#comment-53961

      Go to a website like elance and start picking small projects. Do not try it for a day or a week and get disheartened – not to try again. Keep at it. Start with one hour every day just replying to assignments. Once you start getting assignments – invest 2-3 hours per day to work on them and 1 hour to get new assignments. Take weekends off. Read through comments above and check out this post I wrote elsewhere – http://www.mclass.co/list-of-business-ideas/.

      Good luck.

      – mohit

  59. Ajit Arora

    Hi mohit…I am ajit arora from new delhi…I want to start new business in delhi…I have approx 10 lakhs in my hand…can u help me out what I do….I was thinking about travels business….wat u say bro…?

    1. Mohit Pawar Author comment

      Hey Ajit,

      Any business is good if you are familiar with the field. If you have some insights about travel then it is a good business. Go for it.

      I can offer more suggestions – if you share your experience and what do you want to get out of the business (money, opportunity to travel, more control and free time, you want an office or want to work from home etc) and how much work you are willing to put in. Options will change based on your preferences.

      Best wishes!

      – mohit

  60. Ratan T

    Greetings Mohit. I have made a website for my dad. But till date no business. Help will be appreciated.

    I want to rent a shop in sonari Jamshedpur lower middle income group. There’s a hotel around but I am a hotel mgmt diploma holder and the landlord is the owner of the hotel veg one.

    I have taken agency of ticketing licence of iTz cash ia on the way. Dad forcing me to stay here n do business. Kindly help. I am confused n lil cash inhand. Awaiting for ur reply.

    Regards.
    Ratan

    1. Mohit Pawar Author comment

      Hello Ratan,

      Are you talking about GTCS website?
      This website needs improvement. Black background makes it difficult to read what is written. If you want to improve web traffic here are some ideas – http://www.alloutdigital.com/2013/02/website-traffic/

      But here website does not look like the problem. You need to focus on sales. Sales cures everything which a website cannot – unless you are really proficient in promoting a website.

      Guess your father offers training. You can create a training presentation and go to companies in your region to sell the services you offer. Meetings will organized by taking care of basics like making a list of prospects, calling / emailing them and then fixing the appointment.

      The second part of your question is not entirely clear. Based on what I understand, I suggest that you look at your circumstances. If you are the only one to take care of your parents then stay with them and build your business locally. Else move on and do whatever you wish to do and do it with total heart.

      About your travel agency – you can put aside 2 hours every day to meet the people in 3-5km radius of where you live / work and tell them about your service. Give them an inaugural offer to use your service. Always take upfront payment. Offer best value to your customers and you should be set earlier than you expect.

      Best wishes!

      – mohit

  61. Nitin

    I want to start a business, I’m confused what type of business is suitable for me; because I do not have a lot of money to invest…… please suggest Sir.

  62. Ajitkumar Londhe

    Hello Mohit,

    I completed my Graphic & Web design course from a reputed Institute in 2009, also currently doing SY Bcom from Pune University as a external candidate. Now i am working as a Graphic designer in an MNC. I want to start a business in graphic web field. Please give me suggestions. Thanks!

    1. Mohit Pawar Author comment

      Hi Ajit,

      Create a profile on elance / odesk and pitch for projects that are listed there. Start with small projects and as you become better at work, pitch for bigger projects.

      This should get you started. Good luck!

  63. Karthik

    Hi Mohit,

    Myself and my friend we would like to start a small hotel at coimbatore. I don’t see that you have mentioned about a hotel. But do you have any ideas regarding this? Please do let me know. Also we would like to open a small internet cafe with 4-5 systems. We would like to know how much it will cost us (approx)? Please let me know with your suggestions.

    1. Mohit Pawar Author comment

      Hi Kartik,

      Both cyber cafe and hotel are different.

      For a hotel you need more money and manpower. There are also more government regulations to be followed. You can reduce the property cost by renting instead of buying but other expenses will be same. If you or your co-founders have some experience in this field only then go for this.

      Try innovating and do something like zostel.com or airbnb.com

      For cyber cafe – you need computers, printer / scanner and a good internet connection and a place (that you can rent). Do basic research to make sure that this service is needed where you are opening it.

      Good luck.

      – mohit

  64. Amol Jadhao

    Hi Mohit,

    This is great article and I can say good job man. I am really thankful to you.
    I am a 24 year old. I am a Software Developer, working in a small company.
    I want to start a small online business as you mention as an option.

    My budget is 10K as of now. I want to create a website to provide all types of entertainment (Music, Video, Cricket, Wallpaper etc.)

    So,
    1) How it can be beneficial for me?
    2) How much it will cost me?
    3) In future, will there be scope for this kind of website?

    Please Suggest…your valuable points.

    Thank You..

    1. Mohit Pawar Author comment

      Thanks Amol.

      Online business can be really powerful (and beneficial) but it is not easier as compared to a regular business. So first understand that it will take time (18 months minimum) and efforts (minimum – 10 hours a week – given that you do everything on your own initially). If you are ready for that let us move forward.

      Please keep in mind that you are not creating a website – but you are creating a website to build a business, and business needs to make money.

      So how will you make money from a website focused on entertainment? As far as I know, an entertainment focused website needs a lot of visitors before it can make money.

      The cost of creating a website is no more than a domain, server to host the website and a CMS. If you use WordPress as a CMS (it is free and good enough) then you need not spend more than USD 100 in an year. This is the cost of building but you need to put efforts / money in promotion. I have no experience so far of running an entertainment based website so I can only estimate how much money you will need to promote. My estimate is USD 500 minimum.

      Based on this – to create a website – you will need less than your budgeted amount. For promotion, you will need more.

      Good luck.

      – mohit

  65. Ratika

    Hi Mohit,

    It’s really inspiring the way you are helping the budding or existing entrepreneurs.. I am working as a teacher in a mgmt institute for last 5 years. Students appreciate the way i teach. Also I am into Personality Development for mgmt graduates. I promote them always to start some venture instead vegetatively looking for jobs after their course.

    At the back of mind i do have the same thought. I want to start a small scale industry employing the disadvantaged group but not being able to get any substantial guidance.

    Kindly guide. Looking forward for the reply soon.

    Thanks.
    Ratika

    1. Mohit Pawar Author comment

      Thanks Ratika.

      Being specific helps. You need to decide the field you want to start your business in.

      The purpose of a business / industry is create something that people value, sell and make profits. If in this process, you can help others that’s great.

      You want to employ the disadvantaged group. By disadvantaged do you mean, differently able or underprivileged?

      Based on the industry or two – that you prefer, I can share more.

      – mohit

  66. Omar Rashid

    Hi,
    You look like a person who has experience in business in general. I am an entrepreneur myself and have been into several businesses in the last 4 years unofficially but this is my first official business (going via all legal paperwork and licences). Have been looking for a like minded person to talk to or discuss the concept or even join the start up.

    Yours Truly,
    Omar Rashid

  67. Patel Ketan R

    Hello sir,
    I am Ketan, i finished master of social work course, n also completed PGDCA computer course. Now I want to start a small business. please suggest me what to do.

  68. Piyush

    Hello sir,
    I live in Mumbai and i want to start a business with less investment and good amount of profit. Which business should i start?

  69. Velvizhi

    Hi Mohit,

    I have read the tips that you have given. I am a home maker, i have two kids. I was working in a publishing company 4 years back. Right now i am not working. I want to increase my financial status and don’t want to waste my education. I have completed my MBA.

    Can you give me some tips to start a business or making money by working at home without any investment or investing little money. What kind of business is suitable for me? I have manage both my kids and business. One of my kids is 3yrs old and another is 9 months.

    Kindly guide me.

    Thanks!

  70. Dheeraj

    Greetings Mohit.

    I am from Delhi, I am working for a company where I am heading Sales & marketing. By gods grace I am good in what I am delivering for my company. I would like to start my own business while I continue my service for my company as well.

    I get confused what should i start with, there are few options that I have thought about if you can help me.
    1) Small restaurant (need to know the process how to start one)
    2) package tour (need to know the process how to start)
    3) Chocolate
    4) Any home based work.

    Regards
    Dheeraj

  71. Rohit

    Hey Mohit n everybody here..
    I want to start a hotel business.. need everyone’s advice please.. as I’m new n with less money how do i start it.. help me in this.. or you can advice me for any other business.. thank you.
    waiting for response.

  72. pawan

    Hi Mohit

    I am working as IT professional (Network, Hardware, Security). Please suggest me related business to my profile

    Regards,
    pawan

  73. Dilish Nambiar

    Hi Mohit,
    I am based in Mumbai and into online education business for more than 5 years and have developed online coaching program for IIT Entrance. Besides this, I also have started mobile app for entrance coaching which will be helpful for students preparing for entrance from Class VIII onwards.
    I look for a person who is interested in education sector and join me as partner as I find it difficult to look into every aspect like marketing, content etc.
    Through your site, I seek some help.
    Regards,
    Dilish
    09920826865

  74. Rajesh

    Hi Mohit,

    I have gone through with all above suggestions which you have given to all.

    Seriously, it is a nice effort to encourage and help all of them above mentioned.

    You have replied to Nilesh about “Digital Marketing Outfit” – helping company setup and run their facebook page and twitter account……………

    Please suggest if we can do something more apart from Facebook and twitter account because I have researched on this ….. & I found most of the companies (Mainly renowned as well as small companies) have their employee working in Communication & Promotion department generally update all current, past events photographs, details and offers on Facebook and Twitter account.

    I am looking for more scope on this topic, if possible.

    Also, I want to do some business related to Students as why I need your input and thoughts dear because I stay in Patna and in my localities and also in this city, its a hub of Students, Coaching Institutes, Schools……. Means, this city is mainly knows for Doctors, Medicals, Educational Institutions …. In Hindi, People call this city as “Shehar of Shiksha and Chiktsa”.

    Dear, I want to do some business apart from a Teaching Professional or Opening a coaching Institute, because there are numerous institutes in the city and their mentors and founder, chairpersons are mostly IITians, IIM pass outs who run those institutes (mainly preparing for IIT, Medical, CAT, MAT, Civil Services).

    So, my planning is to how I can transform or attract the students studying or preparing OR the mentors who run those institutes.

    I have limited assets and investment… but bunch of friends who are Accountant, C.A., Teachers.

    As far as my experiences are concerned……I worked for International Call Centers in New Delhi & NCR (Gurgaon & Noida) as a Client Support Executive for 8 years, however, due to some family problem I quit my job and running 2-3 businesses, such as opened a Books & Stationary Shop, renting car, taxi on hire basis and last but not the least mushroom plantation at my home city.

    Whilst, putting my efforts in above mentioned businesses…. I am not happy or you can say self satisfied with my work. I am a married person, staying with my Mom, Dad, Wife and a daughter….. My younger brother is a Technical Support Engineer working with Adobe Systems…..If possible, I can take technical help from my younger brother as well.

    I would request you to please suggest me at the earliest…….

    Regards,
    Rajesh

  75. Raj doshi

    Hi Mohit
    I am an 39 year old, and done MBA – marketing, and working in Education field for past 11 years,
    I want to be entrepreneur, want to start my own business, but do not have investments,

    kindly give your valuable suggestion, this will help to take some important decision in my life,
    This is the First time I have visited your site and I found it is very good,

    1. Mohit Pawar Author comment

      Hi Raj,

      Thanks for visiting.

      Save money (6-12 months of your expenses). Pick an idea based on your experience and interest and start small. Scale based on your success. If not successful – change path. Give it a good shot for 6-12 months before calling quits.

      Good luck.

  76. Richa

    Hi Mohit,

    I recently left my first job(where I served for 1 year) to get into event management business in pune. I had planned that I’ll get into an event management firm in pune, learn how the business works for may be 2-3 years and then start my own business.But as I try to go about it am finding two difficulties…
    1. Though I have researched a little about firms in Pune where I would like to work,I find it difficult to trust them(as I am a girl,I need a trustworthy firm where my parents wont mind me working)
    2. then I thought of doing MBA to pursue my goal of starting a successful event management firm,but I dunno if its worth doin MBA in event management.
    Please guide me as in what I should do.and if at all I should join some firm then which firm will be trust worthy.

    ps– I dnt have financial support .I thought of taking loan for starting business)

    1. Mohit Pawar Author comment

      Hi Richa,

      First things first.

      Leaving a job to start a business (when you are not sure about what you are getting into) is never a good idea. Anyways, what has been done – can’t be changed.

      1. Event management is a tough business from what I know. You need to search and find a company that you feel comfortable with – it may take effort and time.

      2. MBA is not needed to start a business. You do not know how event management industry works. You may eventually not like it – so no point in limiting yourself by doing an MBA in event management.

      I don’t have in-depth understanding of the industry to guide you which firm is good or bad – you will have to take a call based on your own understanding.

      Good luck!

      1. Richa

        Thanks so much Mohit for your valuable reply.
        You are right I shouldn’t have left the job before knowing what I am getting into.After writing to you I spoke to few people and searched online a little and found out that there’s an institute named NATIONAL INSTITUTE OF EVENT MANAGEMENT which not only gives you PGDEM(post-graduate diploma in event management) and PGDAME(post-graduate diploma in media,advertising and event management) degree but also gives you chance to practically see how the event management industry woks and also get a chance to work with them in national events like CWG, IIFA awards etc.

        Can you tel me if the institute is good(its official site said its ASIA’s best event management institute) and if it’ll be a good start to join it.
        Please guide me through this hurdle…

      2. Mohit Pawar Author comment

        Richa,
        I have heard about it but I can’t comment on how good it is. My understanding is that Mumbai is their flagship campus. You can visit them and see for yourself. Talk to students who are already studying there and decide. I understand that both programs they offer are conducted in the evening, so you can take up a job during the day and do it in evening.
        Hopefully the program will get you an entry in the industry and you can experience it first hand and decide next step.

        Good luck.

  77. Richa

    thanks so much for all ur help mohit.I am really grateful. :)N Ill defintly talk to some alumni of that institute and take my next step.

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