Home-base businesses are turning out to be money spinners with the new crop of women entrepreneurs who are on job with a more focused and growth oriented approach.
Home-based business ideas are the first search for women when they think of starting the business as it helps them to get a work-life balance. But what is more interesting is that home-base businesses are turning out to be money spinners with the new crop of women entrepreneurs who are on job with a more focused and growth oriented approach. Read on to find some of the time tested home-based business ideas.
Tuition classes – Tuition classes and test preparation classes, the largest segment in the parallel education is most preferred home based business idea. With minimal investment to begin, having a good infrastructure, well equipped with necessary props and apparatus relevant to modern day learning techniques will give it an extra edge. The investment is as low as Rs.8 lac with a minimum area of 400 sq.ft it gives the fastest breakeven of 12 to 14 months.
Diet Clinic – With rising health consciousness, sedentary work culture, shrinking time for physical activities and disposable income, diet clinics are in great demand in metros and tier 1 cities. The investment ranges between Rs.5 to 15 lakh with an area requisite of 350-700 sq.ft. A quick payback time of 1 to 2 years, this business can be conducted through phone and online consultation.
Tiffin Service: Again a minimal investment business concept that can be operated from home. The word tiffin service might sound very humble but it has become a very robust industry at present and is only set to grow in times to come. With the changing lifestyle, time constraint and people mostly staying out of their houses, tiffin service caters equally to the domestic as well as the corporate customers.
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Therapy centres – When we talk about therapies, it could be anything from psychological counselling to acupressure or physiotherapy. With rising stress factor in life, work pressure and the digital world stealing away time for intercommunication within friends and family members, psychological counselling has started to sprout as a profitable business idea. Physiotherapy and acupressure are already popular as alternative medication. The prerequisite for this business apart from the business or rather practice is the medical degree and license for running the centre.
Bed and Breakfast – This is a good ideas business idea for people with a decent property that is well connected. It could be close to a highway, some exotic holiday destination or even in the metro cities. The business requires a decent up do to make it relevant to the modern day life style and a welcoming environ. Safety and hygiene are of paramount importance. Good customer service and competitive pricing plays a very important role in this regards.
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Laundry Service –Again an industry that has been shaped by the changing lifestyle and mindset of the young urban working class population for whom washing clothes is a hassle, organized laundry market size in India is around Rs. 5,200 Crore as per a KPMG study and is growing at a rate of more than 30% per annum. The investment required for this is somewhere around Rs.15 to 20 Lac with an area requisite of 500-600 sq.ft. It has a very high ROI with a quick breakeven of 3-6 months.
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Home Cleaning Services- Just like laundry business, home cleaning is also a business that is driven by the changing lifestyle and time crunch of the urban population. Earlier, only corporate offices used to take cleaning services, but now the domestic takers are increasing at a healthy rate. Evidently, a viable business idea for women who can start this business by devoting a room within their house.
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Pet Daycare – Pet is as much a part of a family these days as anyone else. The biggest testimony of this segment to be an emerging one is industry stalwart Ratan Tata’s venture dogspot.com. The rising trend of pet humanisation, backed by the higher disposable incomes of Indian consumers, will further boost growth in pet care. The working couples need some safe and hygienic place for their pets when they go out for work.