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Standing at present, if anyone is asked, what is the easiest way to earn money?
I think the first answer that comes to his mind is business.
Yes, I agree with this answer.
But starting any profitable business is not an easy task.
You have to choose a particular field and need a proper plan before starting a business.
Also, you need to invest a large amount of money at the initial stage.
If you do not have a proper plan, you will face a lot of losses that you do not want.
However, this matter is entirely different in the case of business ideas for small scale.
Here you will not need a long time plan and too much money to invest. You can start your own business anytime with minimal start-up cost.
So, If you are interested to know some business ideas for small scale investment or without any investment, then you do not have to go anywhere else.
Here I will shear with you five profitable small scale business ideas that will change your life. As an unemployed or student, you can start this kind of small scale business from your home.
Believe me; you can start this kind of business by investing very little money. But you have to decide which one is right for you.
So let’s take a look at five small scale business ideas that I am going to give you that will help you earn money.
Five small scale business ideas to start your own business
#1. Coaching class
If you want to do business without any investment, there is nothing better than a coaching class. However, if you’re going to start your own coaching class, you have to face some problems in the beginning.
Getting too many students at the beginning is a bit of a difficult task. You can start coaching class with 8 to 10 students.
If you give effort to your students and if they get good numbers, you do not have to worry for students anymore.
It would help if you chose a suitable place to start coaching class. Otherwise, students will face difficulty to reach you, which will not be right for you. In the beginning, you can start coaching class at home.
Later, when the number of students increases, you may think of changing places.
Now let us talk about income.
You can make a good amount of income without investment from the coaching class, but it depends on the number of students.
If you start the coaching class with ten students and charge a fee of Rs.500, then you will get Rs.5000 at the end of each month.
By guiding three to four batches like this, you can easily earn Rs 15,000 to Rs 20,000 per month.
#2. Candle business
Candle business is another best business idea on small scale, which generates money for you.
Candles are in high demand in the market as a well-known essential product. So, I think it will be good if you choose this business.
Unemployed youth or women can start a candle making business for their employment.
At the beginning of the candle business, you have to invest 9 to 10 thousand rupees for equipment. In addition, you have to spend an additional 600-700 rupees for raw materials.
You can make about 250 pieces of candles using this amount of raw material which market value is 1000.
So, here you can earn 300 to 400 rupees after selling 250 candles. I hope you understand that it is possible to earn 9000 to 12000 rupees through this business at the end of the month.
You can sell the candlesticks to grocery stores in your area.
Besides, the demand for candles of different shapes and colours is high in the city. So, you can also supply these kinds of fancy candles in surrounding town in your area.
#3. Drawing learning
Drawing is a subject that almost everyone likes. Nowadays, most of the parents admit his child in the drawing class from an early age.
So, If you are a drawing artist, this is the right business for you. You can earn a good amount of money through this business from your house or a rented place.
It is one of the best ideas for small scale business which I recommend. You can start this business after taking 10 to 12 students around your locality.
If you charge 300 rupees as a fee for each child, at the end of every month, you will earn 3000 to 3600 rupees. With three to four such batches, you can earn Rs 9,000 to Rs 10,000 at the end of each month.
#4. Catering business
A catering business is a small scale business that can be started with little capital.
Catering business refers to the arrangement of serving food on various occasions.
If you want to get involved with the catering business, first you need a trusted team.
You cannot run this business alone. As an initial cost, you will need to invest Rs 7,000 to Rs 10,000 at a time for dresses and banners to promote your business.
You will not have to bear any more expenses later.
Remember, a lot of the time the catering business depends on the area. So, if you have an empty apartment in a crowded area, you can set up an office there.
However, if there is no place, there is no need to build an office at the beginning.
As the business grows, you can build office as needed to facilitate communication.
You can charge 4,000 to 5,000 rupees for each event. If you are appointed for 4 to 5 events per month, you can easily earn 18000 to 25000 rupees from this business.
Then divide the earned money among the members as remuneration and keep the rest to yourself.
#5. Tailoring business
Tailoring business is one of the best business ideas on small scale to make money.
If you like sewing or sewing is your hobby, then tailoring business is perfect for you. However, if you do not know how to sew, you can start your own business after taking training from a sewing school.
Starting a tailoring business is not a difficult task as it does not require a lot of money. You need to buy a sewing machine for Rs 7,000-10000 to start your own business from home in the initial stage.
In the beginning, you will earn a little less, but you can earn a good amount of money by increasing the business later.
However, to enhance the business, the amount of your investment will also increase.
If you are planning to grow your business in the future, it is essential to choose a perfect place for it. Try to set up tailoring shops in populated areas.
Investment for all these small scale business ideas
Some of the ideas for small scale business that I have given you here will cost you Rs 8,000 to Rs 10,000 to get started.
Starting these type of businesses is not a difficult task, but you may have some problems at the beginning.
Profit amount from all these small scale business ideas
Now, if you ask, what is the profit amount in this business? I want to say that the amount of profit of a business depends on the investment and business tactics.
Since the investment of these businesses is less, the amount of profit is also less. Still, the estimated Rs 10,000 to Rs 25,000 you can easily earn from these businesses. I don’t think this earning amount is low.
I hope I have been able to give you enough information about these small scale businesses. So, choose any one from these small scale business ideas that I’ve given you and set up a profitable small business. Good luck to you.