If you’re a housewife with a keen sense of business, why not start your own venture? Financing one through a business loan is not as big a challenge anymore as figuring out your business model. Try choosing a venture that doesn’t require enormous funding, returns profits quickly, and can be managed on a small scale.
Once you’ve learnt the ropes, you can diversify into different verticals and expand operations. But, before you get there, it’s critical to decide the nature of your business. And, this is where we can help!
10 profitable business ideas for housewives in 2024
Here are 10 lucrative business ideas to try this year:
1. E-tailing
Electronic retailing or e-tailing is a great way to sell products online. You can enlist yourself on e-commerce portals like Flipkart or Amazon, which will handle cataloguing, delivery and payments for you.
After empanelling with them, start selling apparel, home décor items, or anything else. You will, of course, need to find a wholesale supplier whose goods you can sell at a profit.
2. Tiffin services
Countless individuals living and working in cities constantly seek hygienic and healthy home-cooked food. If you can meet their demand by supplying tiffin meals for a price, you’ll make substantial money.
So much so that once your business grows, you can collaborate with your house help and employ part-time cooks to cater to soaring orders. If you’re worried about timely delivery of tiffin meals, you can collaborate with food delivery apps like Zomato, Swiggy, Grab, Uber Eats, etc.
3. Daycare centre
Opening a daycare centre is one of the best businesses for housewives. Why? It barely requires any investment and promises high job satisfaction. Even if your own children are small, you can start this business and let them play with other kids.
All you need to start this business is some space inside your home and someone who can cook healthy meals for the kids.
4. Salon services at home
If you know salon work, open a salon at home. Sure, there will be a startup investment here, but it’s nothing a small loan can’t help you with. Especially now, when business loan interest rates are lower than usual.
Make sure to spare some budget for marketing your salon and hiring additional assistance, if required.
5. App development or freelance coding
Are you a computer software engineer who doesn’t want to work with a big corporate? Well then, enlist yourself on various freelancer sites and accept outsourced work for app development or any coding work.
Once you’ve built a reservoir of clients, you can register a small company and hire a couple of developers to run a boutique coding firm.
Additional Read – New Business Ideas for Beginners in India 2021-22
6. Baked goods
Do your family members love your baked goods? Then perhaps the people in your city will love them too. So, why not start an online bakery by collaborating with food delivery apps. Initially, you could start small by placing only a few selected items on the menu.
If the response is good, you can increase your menu variety and pitch your baked goods to local bakeries and confectionaries.
7. Remote assistant
Several organisations, especially small firms, hire remote assistants to help with secretarial work. These virtual assistants are usually paid per hour, day, or week and perform a range of tasks from HR duties to accounting, scheduling, and much more.
You can become a virtual assistant with one firm and slowly work for different clients depending on your skill and bandwidth.
8. Boutique and tailoring
Why let your fashion sense go to waste? Even if you’re not good at pattern cutting or tailoring, hire a tailor who can bring your fashion sketches and illustrations to life.
Start a home boutique and also offer bespoke stitching services to your customers. The setup for a small boutique will claim some space at your home.
9. Event planning
Many people lack the time and expertise to plan an event well. If you’re not one of those people, start an event planning business. Begin by planning smaller events, and then you can move on to corporate parties and eventually weddings.
The best way to get clientele for this business is by networking and collaborating with caterers, photographers, DJs and decorators.
Additional Read – 5 Online Passive Businesses Ideas to Consider In 2022
10. Freelance blogger
If you have a flair for writing, consider professional blogging. You can do this while sitting at home. Now, you can either start your own blog or write promotional blogs for content marketing companies.
All you require to succeed in this field is a penchant for writing and a solid command over whichever language you wish to blog in.
How to Choose a Business Ideas for Housewives?
Here is a guide to how you can choose a business idea that suits you best:
1. Ascertain Where Your Passions Lie
The first step in choosing a business idea is to analyse your hobbies, interests, and activities that you genuinely enjoy. Doing this will help you harness your passion to start a business.
2. Analyse Your Skills and Experience
Next, identify the areas in which you excel. Examine your work experience, educational background and talents to consider how these can help you start a business.
3. Conduct Market Research
Market research will help you identify opportunities and gaps. Conduct research to find expanding sectors and industries that are in need of new services and goods.
4. Examine your Competition
Analyse your competitors to understand their offerings and business models and how you can offer something unique that sets you apart from them.
5. Calculate the Feasibility
Analyse your startup cost, estimated revenue, capital needs and the time and resources you’ll require to launch your business.
6. Conduct a Test Run for your Business
Interact with potential customers, float surveys, and test your idea on a small scale. This will help you validate the concept and recognise areas that need improvement.
7. Make the Final Decision
Lastly, based on the steps mentioned above, choose a business idea to develop. The ideal business idea is one that complements your interests and abilities, has demand, and can be pursued without straining your resources.
Over to you
Have a business idea but don’t have starter funds? Fret not! Apply for a loan for your business at Tata Capital. We offer business finance at tempting interest rates, flexible repayment terms, and in exchange for minimal documentation.
So, why wait? Check our eligibility criteria, use our online business loan EMI calculator and start your application with us today!
FAQs
1. Which business is best for women at home?
There are many business opportunities that women can pursue at home. Examples include affiliate marketing, tutoring services, blogging, freelancing, selling handmade goods, starting a bakery, social media management, online yoga instructor, etc.
2. What type of business a woman can do?
A woman can do various types of businesses such as offer educational services, marketing services, freelancing services for photography or content writing, travel services, animal care and the like.
3. Which business is most profitable for ladies?
While the profitability of any business depends highly on the market demand, capital, unique selling value, and the like, some of the most profitable businesses for ladies include graphic designing, copywriting, content creation, photography, SEO consulting and strategy, etc.
4. What are some low-cost business ideas for housewives?
Some low-cost business ideas for housewives include online language classes, online yoga classes, affiliate marketing, and freelancing services for photography, content creation, or copywriting. These businesses require minimal investment and can be started from home.
5. What is the maximum loan available for business ideas if I am a housewife?
The maximum loan available for business ideas depends on your unique credit score, credit history, loan tenure, etc. Tata Capital offers business loans up to Rs 90 Lakh.
6. Which business is best for housewife?
There are many businesses that housewives can pursue, such as freelancing services, tutoring, tiffin service, affiliate marketing, etc. The best business for a housewife depends on her unique expertise, experience and resources.
21 November 2024
7 mins read
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