Beauty industry has so many opportunities for young and aspiring entrepreneurs to develop various business ideas that can be even started with minimal amount of investment.
With a market size of approximately Rs 80,000 crore, beauty and wellness sector in India, seems to be a remunerative sector for aspiring entrepreneurs. With an annual growth rate of 20-23%, it is projected that by 2022, the market size of the industry in India will be Rs 1, 75,145 crore.
Beauty industry has so many opportunities for young and aspiring entrepreneurs to develop various business ideas that can be even started with minimal amount of investment. Here are five home based beauty business ideas for budding entrepreneurs in beauty sector.
Body piercing service
Body piercing is one of the ancient traditions which are still the trendiest fashion for people all around the world. These days, not only ears and nose piercing is in trend, but different body parts such as navel, eyebrows, tongue, and earlobe among others.
Looking from a businessman’s perspective, body piercing could become a very financially rewarding business as there’s a minimal amount of investment in this business. Once you get trained in the art of piercing and you get necessary tools, you’re ready to set up the business. Before you open a parlor of your own, you can provide online and offline services, or even part time services.
E-commerce is a form of business that you can run even sitting on the couch of your home. Developing an E-commerce website to sell the beauty products and services online requires not so much investment.
The amount of investment could be approximately 1,50,000 INR, 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.
A personal stylist is the one who advises individuals on new fashion trends, how to style for occasions, what makeup would go with whichever style, how the hair should be done on whichever style and many other fashion related aspects. In India, a personal stylist can expect a salary of Rs 10,000 to Rs 40,000 per month.
To become a personal stylist, one must possess a mind blowing sense of fashion and style. Get a formal training, have a good portfolio, build your presence on social media websites through fashion blogs/vlogs and style your peers and family, just to get your hands in the real world.
There has always been demand for hairstylists as trends in hairstyling keep on changing very frequently. Hairstyling is one of the most inexpensive businesses under the beauty sector. A minimum amount of investment required to set up this business is Rs 40,000. A hair salon with good quality equipments, well decorated space and supply of water is all that is required to set up a hairstyling business
The most inexpensive business idea in beauty sector is starting a fashion blog or vlog. Expressing your views about fashion in the form of writing and videos is something that is definitely going to fall in everyone’s budget. Blogs can boost the marketing significantly if optimized with proper keywords. One can earn anywhere between Rs 10,000 to Rs 50,000 and above.