Creating a unique business ideas in India is easy but it also requires confidence and consistency to stand out in the market. There are 1.48 Million registered businesses and now you can imagine how hard the competition could be.
The uniqueness of your business makes you different from others, also called Unique selling point (USP). It is very important to keep this point before starting your own venture. It is essential for the growth of business in the long run. Since, the Global market is growing rapidly, it becomes more important for your business to be unique.
There is no doubt that developing unique business concept can be challenging but this creates an endless opportunity for you to sustain in the market. When you think of the impact this unique business ideas in India can create in your life and the kind of advancements it can add to your life then taking this challenge as an open opportunity will not be difficult for you.
In this article, we will discuss some unique business ideas in India that are most profitable business in India with low investment.
Important Factors to Consider When Starting a Business in India
Starting a business in India will involve a lot of planning, consistency, hardwork and determination. Let us consider some important factors when starting a business in India.
1. Think of an Unique Business Idea
The first important thing is to find out a unique business idea for your business. Something which you are passionate about and drives your focus.
Unless you are passionate about something you cannot excel in that field and therefore, the idea should come from the field of your passion or interest.
2. Do your Market Research
The second requirement in this list is doing your complete market research. identify your location, target audience, sales and scope in the field of your business, check your competitors and their strategy and so on.
Without conducting a market research you cannot beat your competitors and create an opportunity for yourself.
Also, understanding the demand for your product will keep you in the better position and the chances of your success increases seemingly.
3. Figure out a Business Plan
The third step involves creating a well-developed business plan which will land you in a profitable position and will lead you towards future prediction of the obstacles and success.
You can create a five year plan in the beginning and then later on increase it as per your vision and mission of the organization.
4. Selection of Business Structure
Selecting a business structure is very important in case you have along term business vision. Although there are many types of business structures, a few of the popular ones are:
Sole proprietorship
Limited Liability company(LLC)
Partnership Firm
Every structure has its own merits and demerits so it is important to do your research before getting into any of them.
5. Business Registration
After you have selected the business structure, the next step involves registering your business with the relevant Government authorities.
This Registration Process includes Tax ID generation, applying for important business license and permits and also complying with necessary regulatory requirements.
6. Financing your Venture
The later steps include financing your company. Without the required capital you cannot plan to start any new business. Every successful business requires a certain amount of capital to flourish.
If you have your saving than you’re good to go but incase you don’t you can apply for business loan or get an investor if your idea is a good fit for long term business.
Also Read: Work From Home Ideas For Housewives and Homemakers – 100% Proven
7. Team Building
Starting a business from scratch will now include the team building. The better the team, the better the company is going to scale. The good team is the base of any organization.
The starting days of any business can be challenging and hence, having a strong team will always be an advantage.
8. Marketing of Your Company
Now, once your startup is up and running, the last step is marketing of your company and its products/services.
Target marketing and running proper ads on social media and search engines can give a positive result in short time.
Watch the video on one of the Unique Business Ideas in India for starting a business with waste material
Unique Business Ideas In India- How to make your Business Idea Unique
1. USP of your Business
The uniqueness of your business is from the Unique Selling Point (USP). It makes you stand out of the crowd and helps you create your own space in the market.
In order to know your USP, do a thorough market research and find the gaps in your competitors service. Realize what they are lacking at and include that in your business.
This process will surely take time and patience but this will fetch you results you can never imagine.
2. Experience
Creative Business Ideas requires you have experience in the field that you are thinking to pursue it and hence, it requires you to have a relevant experience of the business idea.
Unique Business Ideas In India is all about you, you can take it to next level or you can finish it. Hence, make sure you get the proper idea before planning to start any business in India.
3. Customer Service
A good customer service or after sales service is something which adds value to your product or service even if your idea is not so unique.
Customers love to be served when they face any problem with your product. when they receive a good customer service, they tend to come back and become a loyal customers.
It is an important aspect of any business as the loyal customers will fetch you more customers and that’s how your product will become a brand.
4. Specialization
The category of the products that you’re providing in your business needs you to be specialized in them. That’s how you create value for your customers.
Different ranges of business leads to customer confusion and you may miss your customer target in the process.
5. Professional Website
A unique business needs to have a unique professional website which mentions all the categories of your business and gives your customers a clear idea of reaching you and knowing about your company products.
Hence, consider designing a website for your company.
List of 15 Business Ideas to Stand out in 2023(Unique Business Ideas In India)
Here is a list of various Business ideas which you can make unique with your expertise.
1. Virtual Interior Designing Service
Business Type: Online
Investment Required: High
Suitable for : Postgraduates
Expected Earning: INR 3-6.7 Lakhs
2. Virtual Teacher
Business Type: Online
Investment Required: Low
Suitable for : Students, Housewives, Anyone who has teaching skill and knowledge
Expected Earning: INR 3-7.5 Lakhs
3. Amazon Kindle Books publishing(Unique Business Ideas In India)
Business Type: Online
Investment Required: Low
Suitable for : Students, Housewives, Anyone who has writing skill and knowledge
Expected Earning: INR 5-14 Lakhs
4. Pet-Sitting
Business Type: Offline
Investment Required: Low
Suitable for : Undergraduates and Postgraduates
Expected Earning: INR 3.1-5 Lakhs
5. Photography
Business Type: Online/Offline
Investment Required: High
Suitable for : Undergraduates and Postgraduates
Expected Earning: INR 3-6.5 Lakhs
Also Read: Small Business Ideas From Home In India For Complete Beginners | 2023
6. Freelance Writing
Business Type: Online
Investment Required: Low
Suitable for : Students, Housewives, Anyone who has writing skill and knowledge
Expected Earning: INR 4-8 Lakhs
Best Freelancing Websites to find work:
Also read: Freelance Jobs For Students | Ultimate 2023 Guide with Pay Per Hour
7. Food Truck Business
Business Type: Offline
Investment Required: Low
Suitable for : Undergraduates
Expected Earning: INR 2-3 Lakhs/month
8. Digital Marketer
Business Type: Online
Investment Required: High/Low
Suitable for :Undergraduates and Postgraduates
Expected Earning: INR 7-19 Lakhs
9. T-Shirt manufacturing Business
Business Type: Online/Offline
Investment Required: Low
Suitable for :Undergraduates and Postgraduates
Expected Earning: INR 1.75-2 Lakhs
10. Landscaping Business
Business Type: Online/Offline
Investment Required: High
Suitable for :Postgraduates
Expected Earning: INR 2-4.6 Lakhs
11. Bonsai tree Business
Business Type: Online/Offline
Investment Required: Low
Suitable for :At Home moms/ parents
Expected Earning: INR 7-40 Lakhs
12. Flowers and Gifts Delivery
Business Type: Online/Offline
Investment Required: Low
Suitable for :Postgraduates/ Housewives
Expected Earning: INR 2.47-5 Lakhs
13. Podcast
Business Type: Online
Investment Required: Low
Suitable for :undergraduates
Expected Earning: INR 1.75-4.8 Lakhs
14. Cleaning Services
Business Type: Offline
Investment Required: Low
Suitable for :undergraduates/Housewives
Expected Earning: INR 2.4-43 Lakhs
15. Café Business
Business Type: Offline
Investment Required: Low
Suitable for :Postgraduates/Housewives
Expected Earning: INR 5-6 Lakhs
FAQs on Unique Startup Business Ideas in India
What are some innovative startup ideas?
Here are some innovative and Unique business ideas in India:
- Mobile Detailing service
- Personalized gift wrapping service
- Home repair and maintenance service
- Subscription based customized healthy food delivery
- Cloud Kitchen chain business
What are the startup ideas that haven’t been implemented?
Startup Ideas that has never been implemented can be found in the gaps of the services provided by your competitors. For this to happen, you need a thorough market research and a trustworthy team to deliver outstanding service.
How do I find unique startup ideas?
Finding unique startup ideas can be challenging but its all about the gaps in market and the problems that the consumers are facing in their day-to-day life.
If you are able to identify the problems you can start your business by introducing a solution to a relevant problem.
Which is the best business for a startup?
The definition of best business for a startup can vary for different individuals. It largely depends on one’s expertise and ability to deal with certain situations. However, to name a few would be Food Truck, Tattoo artists, Graphic designing, Subscription based personalized services, interior and Exterior designer and so on.
What businesses are in demand?
The most demanding business in 2023 are the business which are online. Due to pandemic, the online market has gained significant importance and the consumers have shifted to virtual world rather than physical.
For example, Online food delivery, Grocery delivery, medicine delivery and many more.
To sum up
Lastly, my thoughts on unique business ideas in India would include, that you do your research before getting into any field of business. Also, Ideas is something which demonstrates a significant change that you would like to introduce in the society and hence, it starts from you.
The best way to get an idea is to observe the obstacles that you or your family and friends are facing in day to day life and coming up with a solution to overcome that problem.
