The global pandemic of COVID-19 has disrupted people`s lives worldwide. Businesses have shut-down and millions of people have lost their jobs. The industries are doomed and economies are trying to get back on their feet, slowly yet steadily. Starting a new business during this time may sound weird to many.
But when you want to succeed as badly as you want to breathe, only then you’ll be successful! Companies like IBM, General Motors, HP, and Disney, and many others bloomed post-Wall Street crash of 1929, followed by the Great Depression. Also in 2020, there are many Indian start-ups too like Pine Labs, the First Cry, Nykaa, and many others that have turned 2020 into their favor.
During the global pandemic, most of the people are working from home. Hence, there are plenty of business ideas with low investment and high profit that can be started in these challenging times.
These businesses do not require large capital and huge tech-investment. If you have got the skills and determined to start-up your business under 20000 here is a list of ideas you can use:
Home Bakery
Bakers make the world smell better! Well, not only does baking make the world smell better, but also enhances the taste as well. The bakery products industry is expected to grow at a CAGR of 2.5% between 2021 and 2026 to reach a value of almost USD 574.05 billion by 2026, according to data provided by Expert Market Research.
(Source- www.shorturl.at/fjlqH)
If you are passionate about baking and know how to blend the right flavours with the right ingredients, setting up a home-bakery would be an excellent business idea under 20K. You can set-up a bakery with a minimum investment of Rs 15k- 20k. Make yummy-looking pastries, chocolates, cupcakes, and more and post the pictures on social media.
Handicrafts
Another business that you can start under 20,000 is handicrafts. From home décor items, glass handicrafts, wall hangings, vases, and other pottery items, you can start a handicraft investment with as low as 20k. You can build your customer base through social media platforms, word-of-mouth, and by setting up an online store.
Organic Soaps
Asoaps is a part of daily hygiene, therefore it is a product that is used by millions and remains in high demand. If you want to start a business, venturing into this segment may prove profitable. This small-scale business can be started with a minimum investment of Rs 10,000-15,000. You can use this fund to source the soaps from vendors to resale them under your brand name. You must have all the necessary certifications and registrations that are required to sell consumer goods.
Start your New Year 2021 on a good note with these business ideas with low investment and high profit. You can kick-start your business quickly with our business training programs. Learn the business fundamentals from the industry experts in just 15 minutes. Access everything you need right on your phone with step-by-step instructions. Find solutions from high-quality content for your business problems anytime, anywhere with https://www.badabusiness.com/life-time-membership?ref_code=ArticlesLeads
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