Looking for profitable business ideas in Mumbai with low investment?
Here are the most profitable business ideas that you can start in Mumbai:-
Minimum Investment - Rs. 5 lacs to Rs. 10 lacs
The growing number of startups and expanding businesses have surely increased the manpower requirement in Mumbai.
Additionally, more and more people are always looking for a better opportunity or a job change.
Thus, a manpower consultancy is an in-demand business idea which gives high profits with low investment.
Moreover, it is easy to start a manpower consultancy and even easier to operate it. However, to make it successful, you will require sincerity and a little effort.
Minimum Investment - Rs. 20 lacs
With the increasing population, the demand for real estate properties is on a severe rise in Mumbai.
In fact, it has good growth potential once you set your foot properly.
You can start a real estate business as a broker or consultant or rent out your property.
Minimum Investment - Rs. 1 lac to Rs. 2 lacs
Grocery delivery is a need of every household in Mumbai.
People are extremely busy and have very less time in a fast-running city.
It is why they are always looking for a little help in doing their outdoor work.
In fact, they are even ready to pay extra for it.
Moreover, during and after the pandemic it is now more in demand.
You can start with a small grocery delivery service within your neighbourhood and further expand gradually.
Also, you even don't need to store the items yourself.
For this purpose, tie-up with the grocery stores and deliver items when you get the order.
For example - Blinkit.
Minimum Investment - Rs. 4 lac to Rs. 5 lacs
Do you know that libraries are becoming popular in the city?
It is not only for reading but also a place of gathering, where people can come and relax with a cup of coffee or tea.
So, you can start your library cafe in Mumbai. In fact, plan and design your library cafe to your liking.
Basically, this kind of business is a combination of books and coffee or tea.
It is different from the other cafes because there are tables and chairs placed in neat rows (instead of free-form seating) within the library space.
Moreover, as Mumbai is also a hub for students, keep your prices as minimum as you can to suit their pockets.
As a result, you will have a full house and will never run out of business.
Minimum Investment - Rs. 1 lac to Rs. 3 lacs
The influencer culture has grown over time and is very potential these days.
Therefore, if you are good at influencing others with your words and behaviour, this could be a profitable business idea for you.
You can start as a freelancer first to know and understand the industry.
After that, you can hire a team and get the work done from them and you can enjoy the profits.
Minimum Investment - Rs. 10 lacs
In recent days, the demand for event management companies has increased at a very high rate. Especially, in cities like Mumbai, Chennai, Delhi, Hyderabad, Bangalore, Jaipur etc.
Everyone now prefers to hire a professional team to organize and manage every small to big function.
If you have a good network along with a social circle, you can easily move things in your favour.
Start with organizing small family events like birthdays, wedding anniversaries etc.
Showcase your skills and start getting opportunities.
Minimum Investment - Rs. 2 lacs
When you are looking for business ideas in Mumbai, you may have thought about becoming a pet trainer if you are good with them.
However, becoming a specialized trainer in Mumbai is not an easy task.
For this purpose, there are certain qualifications and experience that one needs to abide by.
A person also needs to be aware of the various aspects like how much will it cost, what will be the usual duration of the training and other such factors.
Though it sounds simple, there are a lot of things that need to be considered before making this decision.
The most important point that needs to be discussed is the duration of training.
The actual duration can be anywhere from 20 hours to 30 hours, depending on the trainee's readiness.
Also, specialized trainers always need to do training where they are taught to control and look after a selected animal or pet they have.
This period is generally supposed to last for 6 months. But, in some cases, it goes up to 1 year.
The cost of a specialized trainer varies depending on their area of service. Training a pet in Mumbai is cheaper than training a pet in New Delhi.
It is because of the basic living standards and cost of living.
In fact, the minimum qualification required for becoming a specialized trainer includes completing higher education and clearing PET/DET exams.
Minimum Investment - Rs. 2 lacs to Rs. 5 lacs
The customised gifting industry is growing at an exponential rate.
In fact, it could be fun for those who love to shop, craft, and design gifts that reflect the personality of the giver.
Customisation of gifts is offering a variety of opportunities for entrepreneurs and consumers.
Across every age group, people are increasingly buying customised gifts.
The future of gifting is personalised and customised.
For this business idea, you will need to launch a website that sells each customer a gift-customisation service.
You can offer gift items, such as picture frames, mugs, key chains, mouse pads and other small things that can display one’s image or design.
After the customer selects a product and uploads their image or design, they will submit their order.
The customers can choose to add text messages like birthday wishes.
The most important thing when starting a business is to keep all the legalities in check as well.
One of which selecting a business structure.
You can register your business as a private limited company registration online, One Person Company, LLP, Partnership Firm or Sole Proprietorship.
To know more about the registration and licenses, you will need for a particular business, get in touch with our experts by filling out the form on your right.
Other Business Ideas in Mumbai you can Start in 2022
Here is a list o some more business ideas in Mumbai. To know how to start any of the following, get in touch with StartEazy.