With the ever evolving world, the different sectors of economy evolve. This evolution always comes up with unconventional ideas that pop out of the minds of young and enthusiastic minds. Here are some of the new age business ideas that are prevailing in the Indian economy.
Gone are the days when there were only a few conventional ideas that could grow into a remunerative business. In today’s technologically advanced scenario, there are so many creative ideas,which have the potential to turn into successful and financially-rewarding businesses.
Here are some of the best new age business ideas for young entrepreneurs, which would not only serve their purpose to pursue their passion, but gain financial stability as well.
Healthy Fast Food
How much fun would it be if health could be achieved without losing on taste?A great alternative to satisfy the taste buds is to have healthy fast food! This new-age idea can acquire a firm footing in the market as it can help in meeting the requirements of foodie health-freaks. The overall health and wellness food products’ segment has crossed Rs 10,000 crore sales mark in 2015, which is less than 10% of the overall food market and is anticipated to grow at an exponential rate. Investing in this new-age idea will not be a failed attempt in terms of revenue for sure. A big player in fast food market like McDonald’s has itself given the new trend of healthy fast food a nod and has accommodated the healthy fast food dishes like grilled salads, the Egg McMuffin etc in their menu to attract people who are conscious about their health.
E-commerce is a form of business that you can run even while sitting on the couch of your home. Developing e-commerce websites like Amazon or Flipkart to sell products and services online doesn’t require much investment.
The amount of investment could be approximately Rs 1,50,000, including the cost of purchasing products through direct sales programs, setting up the website and other marketing activities like SMO, social media marketing and SEO.
The art of tattoo has prevailed in India since ancient times. In the beauty industry, many fashion trends have come and gone, but the art of tattooing has never left its place from people’s hearts. The passion for creativity fuels the life of a tattoo artist and the fact that they are getting widely accepted by the millennial. This has helped so many tattoo artists to become successful businesspeople. With the right equipment and loads of creativity, a tattoo parlour could be started in India, that too under a budget. The tattoo business essentials are: a durable tattoo kit (a good quality kit could be around Rs 20K-25K) and an attractive space (the investment, in this case, depends on person to person).
With the population ever increasing, increased purchasing power and rising economy, public transportation services are now accompanied by independent players to cater to the increasing demand. For instance, Ola and Uber both started off as small business ideas, but now they are the rulers of this trade. Ride-sharing business is the need of the hour because of the increasing demand of taxi services in India. If you possess a car and are keen to be your own boss, then this business is apt for you.