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Tata Capital > Blog > Loan for Business > 12 Unique Business Ideas in India

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12 Unique Business Ideas in India

12 Unique Business Ideas in India

An entrepreneurial mindset is essential for starting a business and attaining financial independence. India is one of the fastest-growing economies and is home to many entrepreneurs. Starting a business in India comes with immense scope for growth. With unique business ideas and utmost dedication, entrepreneurs can set up their businesses in India. 

Here are 12 unique business ideas in India that aspiring entrepreneurs can use. This list of unique business ideas in India is just a start. Entrepreneurs can add their own ideas and build their own unique businesses seamlessly.

List of 12 Unique Business Ideas In India

1. Food Truck

Food trucks are rapidly gaining popularity as one of the most up-and-coming business ideas today. They are also rapidly changing the food and restaurant industry. They offer location flexibility, can reach a wider customer base, and have lower operating costs. While they do require high investments to start, this amount is typically less than regular sit-down restaurants.

2. Online reselling

Online reselling involves purchasing products from manufacturers, consumers, or retailers and selling them to your customers. It has several benefits, such as marking up products, earning high profits, and more. This is an especially good model if you have niche expertise. Setting up an e-commerce store and building an audience is also easier.

3. Create Courses

One of the best and most unique online business ideas is for entrepreneurs to share their expertise through online platforms and build a personal brand. With the rise of the creator economy, this is a unique service business idea in India that anyone can start. Entrepreneurs will need a clear idea of the value addition their course will give and a proper structure through which they can teach. From how to speak a language to how to make crochet, anyone can create courses online. However, to stand out, entrepreneurs must try to add something unique to their course and focus on marketing.

4. Virtual Interior Designer

Interior design has also increased in demand. These operations are typically provided by interior design firms. Virtual interior design allows companies to create any style and select different paint and colour schemes, artwork, furniture, arrangement, and more. This venture is suited for entrepreneurs wanting a creative undertaking and those with professional interior design experience.

5. Amazon Kindle Publishing

Amazon Kindle Publishing is a highly lucrative business idea. It can provide up to a six-figure income annually. Every time you make a sale through Amazon Kindle Publishing, Amazon keeps a share of the sales proceeds, and you receive the remainder. Depending on the royalty model you choose, this could be 35% or 70%.

6. Digital Marketing Business

In recent years, digital marketing has quickly been replacing conventional advertising. Individuals interested in this idea must know about copywriting, advertising, internet marketing outlets, search engine optimisation, email promotion, social media promotion, pay-per-click marketing, contacting influencers, and more. It is a lucrative business, with demand from small companies, leading e-commerce firms, SaaS providers, larger celebrities and influencers, and advertising agencies.

7. Become a Host on Airbnb

For aspiring entrepreneurs with access to a beautiful property and a knack for being cordial with guests, becoming an Airbnb host is a fantastic option on this list of unique business ideas in India. As Airbnb hosts, entrepreneurs can either let out their properties completely or invite guests to stay with them in their extra room. Many tourists look for affordable places to stay and get a more holistic experience which is true to the nature of the place. They love exploring the city they travel in and prefer staying with natives. As hosts, entrepreneurs must ensure a comfortable stay with all the necessary utilities to get a higher rating.

8. Medical Courier Service

Medical courier services involve transporting medical equipment and supplies to and from different healthcare facilities. They are crucial to ensure that medications and equipment reach their intended locations safely. To start this business, it is essential to know which healthcare field you want to be in, the rules and regulations, and how the healthcare market works.

9. Makeup Artist

Makeup artists are always in demand. They are required for countless functions—weddings, parties, social events, movies, photoshoots, and social media content, among others. Starting a makeup artist business can offer flexibility in your schedule, the possibility for high earnings, and networking opportunities. To start this business, you will require knowledge and skills in makeup artistry, a portfolio, and experience in customer service.

10. Start a pet-care service

Aspiring entrepreneurs who love pets can combine their passion and profession to create stores dedicated to pampering pets. From grooming to providing all the pet essentials, pet stores are becoming increasingly popular as pet owners love to shower their pets with love.

11. Podcaster

Podcasts have boomed in popularity in recent years. They offer diverse income options, such as online streaming services, Patreon memberships, and revenues from other platforms. To begin this business, you will need to find a niche. This could be any topic of interest, such as art, literature, academic subjects, and so on. It does require recording equipment, taping devices, and knowledge on how to edit clips.

12. Freelance Copywriting or Content Writing

Freelance writers have also increased in demand, especially as companies and brands require content for social media, blogs, webpages, and more. This business idea can be taken up as a full-time career or a part-time side business to supplement your income. It provides flexibility to your schedule and the ability to work remotely and offers high returns. It requires knowledge of content writing and copywriting.

Conclusion

Starting a business is a dream come true for aspiring entrepreneurs. It is essential for aspiring entrepreneurs first to understand the viability of their business idea and then systematically start their business. Entrepreneurs can build on these 12 unique business ideas and start their businesses!

Entrepreneurs who may require funding for setting up their own business can now enjoy hassle-free business loans from Tata Capital and give wings to their unique ideas!

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FAQs

What is the best online business to start?

Some of the best online businesses to start include dropshipping business, online reselling, Amazon Kindle Publishing, starting a podcast, and more.

How do I start a small online business?

To start a small online business, it is important to have a clear idea, conduct thorough research, develop your product or service, find financing, build your website, and market your brand.

How can I start my own business with no money?

Some ways to start a business without money are to use e-commerce platforms, apply for government schemes, find investors, and apply for business loans.

How do I start a small business from home?

To start a business online, you must decide on a good idea, create a business plan, conduct research, choose and register your name, secure funding, and market your brand.

Which business is 100% profitable?

No business is 100% profitable. However, some ventures, like online reselling, food trucks, digital marketing, and Amazon Kindle Publishing, can offer high returns.