Currently, there is a substantially high level of potential for entrepreneurs to leave a mark with new service business ideas in India. However, starting properly is extremely important for achieving continued growth when it comes to start-ups in India.
Convenience-craving customers of today are searching for quicker and cheaper products or services that they can avail themselves easily. Today, the service sector contributes 55% to India’s GDP. The popularity of the service industry stems from the fact that they are low-investment ideas. The break-even occurs comparatively sooner compared to other companies as a non-infrastructure-centered business in the start-up stage. What makes the service business even more appealing is that it may initially involve smaller results, but once it expands, there is no stopping to the scaling of the business.
The most popular and effective Service Business Ideas
1. Coaching Classes
If you happen to have a passion for teaching, why not use your talents and share knowledge? It’s a viable business model that will provide you with a decent monthly income. It has a starting cost requirement of zero, as at home you can take lessons. That will slash rent and travel costs. You just need to save to purchase a whiteboard and markers.
You can publicize it on your social media, or you can use posters and flyers to promote it.
2. Recruitment Services
Recruitment business can be a very lucrative and high return service business ideas where you help busy clients find the right qualified candidate for their business. Your job consists of matching the profile and conducting interviews with the industry’s best employees. You need to find a suitable person for the job and you can earn bulk fees for services.
3. Event Management
This one is particularly for you if you love parties. Event organizers never invest in the office at the time of inception. You need to have great communication skills to become successful as an event organizer. Your role will involve checking out hundreds of venues, sponsoring meetings, coordinating activities, and being 24X7 available on the go.
Coupled with a great digital marketing strategy, you can earn huge revenue out of this business. Also, keeping track of your leads as you plan your event is critical. You need to coordinate with a number of customers by doing follow-up with them. In a case where you have to handle a lot of prospects, a lead management system will come in handy.
4. Real Estate Agent
It can be extremely exciting to become a real estate dealer and earn quick money. You only need strong communication and networking abilities. You can start this business with a small investment as low as a few thousand. Your job would include finding the right property for people to rent or sell. For every sale, you will get a big fee as a charge.
5. Travel Agency
The travel industry has seen steep growth in India over the last decade. People, for various reasons, travel the globe. For aspiring travel entrepreneurs, it’s a great time. Opening a travel agency is a low-investment and high ROI business. You should tie-up with a host agency and they’re going to help you get the IATA number quicker.
Even, for you, they will execute all the backend tasks. You just need to collect a charge from the customers.
6. Wedding Consultants
In India, you can make a company of everything. The different festivities associated with Indian wedding definitely gives you an opportunity to earn good revenues. Wedding functions are taken very seriously in our Indian culture. The most significant investment is to launch and maintain a proper website. Your future clients can be approached online very easily.
7. Online Fitness Instructor
In this digital age, fitness has really become an idea of paramount importance. It is extremely essential for the body. But it has been hard to physically go into the gym and start practicing with the fast life and busy schedule. Isn’t it easy to meet someone directly at home to make you fit? That’s what fitness coaches do online.
If you are a fitness freak, you literally have to post fitness videos online on multiple sites to encourage people to follow you. You can easily make a solid online presence and make good money from your work if it is exciting and innovative.
8. Photography Services
If you have an artistic eye and are trying to catch the moment, this one is ideal for you. The individual and technical requirements of a photographer are always in demand. Make time online and on various freelance sites and develop your profile so that you can have leads. You can also tie up instantly with a specialist photography agency.
9. Search Engine Optimization Services
Why not have a directory service that boosts local SEO by completing business lists in all available directories? Start your own website directory and load companies for listing in your directory. It’s a great way to collect long-term money since you can charge your customer’s listings per year.
To find all local listing choices includes locations in Google, yellow pages, local directories, etc.
10. Cafe
Tea is deemed a must in India. A business like this is also never going to make a loss. It will always be successful in a market like India with a cafe business. You just have to spend money on renting a room and get some basic furniture. Make your cafe a continental one or a tea-joint, whatever you want or think your target market wants.
For a better return, your shop should be near the university or IT park.
