You see, 5 lakh rupees is somewhat of a good initial investment to put into a business and start building it from scratch. You would not even believe how many types of businesses you can start with 5 lakh rupees, of course, one idea per 5 lakh rupees that is. And if you were already in search of some best business ideas with such an investment, then you should not miss out on today’s post. Here we will be covering the 6 business ideas under 5 lakh rupees in India as of 2024. So, why not get started right away, shall we?
1. Mobile Coffee Cart
If you are someone who starts their day with coffee and has a special love for this beverage, then for sure, launching a mobile coffee cart is a great idea for you. See, an estimated required amount of around 2 to 3 lakh rupees should be invested initially. This money will go towards buying a small and movable coffee cart, top-notch coffee-making tools, and a lot of coffee beans for your first lot. You will also need some money for the right licenses and permits to set up your cart in various places. The mobile coffee cart will also give you the chance to move it to different places where you might be able to find more people, therefore selling your coffee in business areas during the morning hours, on college campuses, or in busy markets during weekends. And it is no hidden secret that the demand for coffee will always be super high, especially in a country like India. So, get your pen and paper, start laying down the strategy, and get to work. This idea can literally do wonders for you if you do everything correctly.
2. Home-Based Bakery
Now we know that this is not something new, but still, it is something that works, and it can very well work for you too. You will start your home-based bakery, for which only 5 lakhs rupees in hand as a seed fund, is required for buying some professional kitchen tools, buying baking ingredients, and packaging. And if you put a website and social media marketing in the mix, you can literally get famous overnight with that, and draw in dozens and even hundreds of customers. But, the part where you decide what to sell or offer is literally yours to handle, so don’t skip over that.
3. Event Planning Services
Event planning is a fun and active business that needs creativity, good organization, and the ability to work well with people. You can affordably start this service yourself, with most of your own money at first going to marketing and making connections in order to get clients. You will need a professional website, business cards, and maybe some basic tools or software for event planning. And that’s all. You could start this business with just 1-2 lakhs rupees, focusing on smaller events first to build up your portfolio. To put it simply, success will come to you by having an excellent network and making events that people remember, which in turn will bring more work and repeat clients.
4. Pet Care Services
In India, you see, people see pets as family members, and that’s the very reason why Pet Care Services are thriving in India right now. Starting this business would require an initial investment of around 1 to 3 lakh rupees, which would cover basic grooming tools, toys, and maybe some training in pet care. If you have a special love for animals, this can very well be a fun job for you which can pay you well too.
5. Eco-Friendly Packaging Solutions
Starting a business in eco-friendly packaging is both morally and financially a smart choice today. You may need 2 to 4 lakh Rs. to start with. It will be spent on getting stuff that can be recycled or that can break down by itself, along with some pieces of machinery which prepare the packaging. See, everyone nowadays is being eco-conscious and that’s the very reason why Eco-friendly packaging has grown in demand over the years. If you know the market and know what you are doing, then you can literally make a fortune out of this particular business idea.
6. Car Wash Business
Starting a car wash business is a viable venture under ₹5 lakhs, catering to the growing demand in urban areas. Secure a location with high vehicle traffic, with monthly rents between ₹10,000 and ₹50,000. Essential equipment like high-pressure washers, vacuum cleaners, and water tanks will cost around ₹1,00,000 to ₹2,00,000. Initial setup, including plumbing and electrical work, may cost ₹50,000 to ₹1,00,000. Licenses and permits will be an additional ₹10,000 to ₹50,000. Allocate funds for marketing and signage, bringing your total initial investment to approximately ₹2,00,000 to ₹4,50,000.
Conclusion
That’s all there is for now. But don’t get us wrong, there are many more business ideas that you can find on the internet. And we will bring those to you in the next posts. So, stay tuned because you never know which business idea clicks to you and does wonders for you.
Related Topics
- 5 Business Options Under Rs.10,000
- 5 Business Options Under Rs.20,000
- 5 Business Options Under Rs.50,000
- 5 Business Options Under Rs. 1 Lakh
- 5 Business Options Under Rs. 2 Lakhs
