10 Small Scale Business Ideas for 2021 for entrepreneurs who are looking to start small businesses
- Posted on Jan 18, 2021
- By Rishika
There are many aspiring entrepreneurs who want to start on their own than working under someone else. If you wish to be your own boss then you might look for the small business ideas which would help you to get out of your mundane routine and do something that actually interests you. As we have all witnessed that nothing is constant and situations can change like anything recently, so you might be looking for such things which are less affected by such situations. Here are some Small Scale Business Ideas for 2021 which might help you to clear your thoughts and gain a wider perspective.
10 Small Scale Business Ideas for 2021
Pharmacy or Medical store
If you are a pharmacy graduate and do not want to work under anyone else or with any pharmaceutical industry, then running a medical store will be a good option for you. Even in testing times like these, it is a small profitable business idea. People were in need of medical support more than anything, they needed and still need easy and wide accessibility of medical help.
To start a small scale business like a medical store, there are some prerequisites including B pharm/M pharm license for shop. You can open a stand-alone pharmacy or a niche homeopathic pharmacy or go for franchises like Apollo pharmacy, Netmed Pharmacy etc. Pharmacy business is a very good option and it is not affected by the economic cycle
Supermarket or a Grocery Store
Starting up a small grocery store is an attractive small business idea as there is a continuous increase in population and constant rise in purchasing power of the average person can be seen, so opening a grocery store is a good option for the people who want to have a small profitable business of their own. With the boom in the economy and increasing spending power of the people, the preferences have also been changed as they prefer to shop at the closest grocery store or a supermarket nearby with large shopping aisles, where products are neatly stacked categorically. So define a crisp business plan, find your target market, right location and setup cost and there you go, you are all set to open a well set supermarket or grocery store.
Even during the lockdowns it has been the most profitable businesses, so if you are looking to invest in something that will start generating profit in a very less time then this is the right time and opportunity to start a grocery store.
Online marketplace sites are now gaining popularity. These sites have also made the work a lot easier for the people who are willing to start a small scale business to resell the products of an existing brand. You can easily buy and resell the products with the margin that is decided by you. You can start it by first reaching to your local networks and then go online for a wider reach. Some of the popular sites are, Facebook marketplace, Meesho, Glow Road and some other platforms, you can list and virtually sell any products and items of your own with a few simple steps. Although this may take some extra effort initially to establish a good reputation and trust among your potential customers on any online platform. It is one of the most profitable small business idea with minimal investment. You may require keeping yourself updated with current online trends so that you can easily and widely be seen online. For the people who have an entrepreneurial mind, an online resale side business can be quickly transformed into a small scale profitable business. Make sure to have a lucrative USP and online presence.
You can start it by first reaching to your local networks and then go online for a wider reach. Some of the popular sites are Instamojo – India’s largest ecommerce platform empowering over 1.5million MSMEs, Facebook marketplace, Meesho, Glow Road and some other platforms, you can list and virtually sell any products and items of your own with a few simple steps
A small scale business ideas with zero initial investment! If you have command of the language with a bit of marketing knowledge, you can present yourself as a freelance copywriter. Some skills that could help you to begin freelance writing would be understanding Blogging, Copywriting and proofreading. There are so many companies who are willing to pay a writer who is effective with the skills they require, whether it is for their blog page, web content or press releases. You can groom yourself by getting some extra knowledge of SEO and build your credibility through the same. It will help to build a greater reach and customer base. On an average, an entry level freelance writer in India charges around Rs. 490 per hour for their service, but those who have more expertise and experience (1-3years) could charge even more than that. These rates do vary with the domain and type of freelance writing. There are different domains like web content writer, technical writer, newspaper or magazine writer, ghost writer etc. These domains enable you to choose from and write specifically for a particular domain rather than writing on a random basis. Freelance copywriting is a great business to run, because as long as you have a stable internet connection, you can work from anywhere anytime. It is the kind of business that you can easily run from anywhere whether it is your home or anywhere else.
If you are familiar with digital presence, then digital marketing is one such small scale business ideas, which you want to start!
The significance of the internet is growing at a very fast rate, it makes it harder for the businesses to keep up with all the marketing strategies (physically). They are now realizing the need for an online presence and digital marketing. The demand for digital marketing has been increasing over the years and it has become a mandatory tool for all the business. The small and medium businesses would like to outsource it than to incur heavy costs in building an in house team. This brings a great opportunity for digital marketers to offer their services to these businesses and later it might turn into a small profitable business. If you’ve developed skills in SEO, content marketing, pay-per-click, web development or social media management, you could have a business opportunity. Digital marketing has been considered a very effective small business idea for the people who are looking to start their own start-up. You can read about how you can help Local Businesses increase business leads with Local SEO
Corporations, small and medium businesses all need attractive and catchy marketing materials which would help them to attract customers through these promotion mediums. For the creation of such materials they will need people with good artistic skills and designing skills. So if you have an interest in developing such contents, you can approach such small and medium businesses. You can start your graphic design business to provide flyers, infographics, posters, digitals ads and other engaging content, all of this in a very low investment. For this small scale business ideas, you just need a functional computer to begin with.
T-shirt printing business
Just like with graphic design, you need the artistic skills to launch a t-shirt printing business. If you have a sharp artistic knowledge and know how to execute it properly then this small business idea is perfect for you. If you have space for a T-shirt printing setup, you can easily get the necessary tools and start your small business.
A small scale business ideas with almost zero initial investment!
Writing never goes out of trend. Blogs are another tool of digital marketing, businesses want to build their presence in every field of the digital world. So they might require writers who have an effective and engaging writing skill so that it would become easier to reach to the potential customers. If you have the necessary skills, you might start your own blog website or freelance it to the businesses who are in need of a content writer for their blog page.
If clicking photos is one of your interests, you own a decent DSLR camera and people always appreciate the picture which is taken by you, then you can possibly think of starting a small photography business. If you do not have a camera handy then that is fine, there are so many mobile photography enthusiasts who like to take high quality pictures. To begin with you can always go for mobile photography and after sometime get a decent camera. There are so many online platforms like Foap, Shutterstock etc. where you can sell your photos. Not only this you can also freelance your service to anyone who is in need of a decent photographer and is willing to pay a good amount. This small business idea is not only profitable but enjoyable and fun too.
Baking is a small scale business ideas, which can help you earn a lot of money. Just think about this, from birthday to anniversaries, from valentines day to mothers day, designer cakes are in trend. For Baking as a small scale business, you should just have potential baking skills and should know how to bake delicacies, then only you would be happy to sell them at premium prices. People always prefer hand-made and gourmet baked products over any other products and definitely more value is given to handmade products as well.
To start the same you need some prerequisites to run a successful bakery. You can start by cooking something as simple as your mom’s perfect recipe for cookies to perfect your skills. Later, you can learn and recreate a bunch of niche recipes to have your own USP and premium rates on your products. Do not forget to go online and build a digital presence. It will be really helpful for you small business to build a better reach and you might also think to expand.
These were some Small Scale Business Ideas we found are good for this year, please share in comments which ideas you like the most and you want to start working with.
BEST OF LUCK for your entrepreneurial journey! 🙂
Lastly, please share it with your friends and family, you never know it might inspire someone to startup and make it big! 🙂
NOTE: The ideas are based on Author’s own research & understanding of the market. It is advisable to research the market more before starting to work on the ideas mentioned here. 🙂
- Posted on Jan 18, 2021
- By Rishika
- 0 Comments