Category Archives: Business

10 Most Profitable Small Scale Business Ideas

These days more and more people are getting into entrepreneurship. Especially youngsters want to be their own boss, have their own work timings and above all make handsome money by their own work. With our growing economy there are many new business opportunities coming up. Some of them need huge investments while some can be started with a few thousand rupees. Earlier we have also discussed about 30 Business Ideas with low investment. In this post we will list down 10 Most Profitable Small Scale Business Ideas. Please note that the investment required can be more or even less depending upon the location where you start the business. Also, quite obviously the profit will vary from person to person.

10 Most Profitable Small Scale Business Ideas

Let’s that with a well known business idea i.e., a food joint.

1) Food Joint

You must have noticed that some small food joints are full of customers. This is because the need for food will never end. Rent a small place nearby some offices and you will see how your business flourishes. Employees, especially bachelors have to depend on outside food for filling up their tummy. You can cash in on their needs. You just need a small place to rent, 1-2 cooks and groceries for this business.

2) Tuition Classes

If you are well educated and specialize in one or more than one subjects then you can go for this business. This requires virtually no investment as you can start tuition classes from the comfort of your home. Though printing and distributing pamphlets could help you scale up your business.

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3) Blogging

You can write on something that you have knowledge of. The investment required is just a few thousand rupees for domain and hosting space. Of course you need a computer and an internet connection. Make sure to do a thorough research before starting professional blogging.

4) Content Writing

Become a freelance content writer and start earning. There are many bloggers, companies, websites which are always on the lookout for great content. If you can write well, make it your profession.  One can make a good amount of money with content writing

5) Photography

If you are passionate about photography or willing to learn it then you need just a good camera. You can become an independent photographer. Pre wedding shoots, wedding photography are very common these days.  Slowly you can scale your business and then employ people as the need arises.

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6) Social Media Manager

We all know how powerful social media is. Startups, individuals and even celebrities require the services of a social media expert to handle their social media accounts to boost their popularity. Also, many companies need them for advertising. Being good at social media can take you places.

7) Dance/Music School

To start with, you just need a place on rent and a couple of teachers. Many kids and teenagers who aspire to do big in life start learning at a young age. You can scale your business as and when the number of students increase.

8) YouTube Channel

YouTube has tremendous earning potential. You can make a professional YouTube channel on whichever topic that interests you like music, health, yoga, cooking etc.  If your content is good and engaging, nothing can stop you from earning big.

9) Tiffin Service

Many corporate companies and even bachelors have to depend on Tiffin service for their food requirements. You can start a hygienic, well organized service and it will surely do well. Make it something by accepting online payment, online order and your service will stand out from others.

10) Wedding Planner

Wedding is a big industry in India. You only need to organize a great wedding. You will have to make contacts with vendors. Two or three good marriages will give you enough money to scale your business. You can then hire people and then you will only have to manage them and keep a check on their work.

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Repo Rate Meaning & Definition | Reverse Repo Rate | Repo Rate vs Bank Rate

Repo rate, reverse repo rate, bank rate- do they sound alien to you? You might have heard or read about these terms in news especially when there is a discussion of finances involved. Well if you don’t know the meaning of these terms, you are not alone. Through this post we would like to explain what exactly Repo Rate means and how it affects the common man. Apart from this we will also explain what Reverse Repo Rate means. You will also get to know what is bank rate and the difference between Repo rate vs Bank Rate.

Repo Rate Meaning & Definition

Repo rate is the term used for the rate at which the central bank of any country (The Reserve Bank of India, for India) lends money to commercial banks whenever there is a shortfall of funds. Monetary authorities use repo rate to control inflation. Whenever there is inflation, the central bank increases the repo rate.  What it does is, it acts like a disincentive for the banks to borrow money from the central bank. This leads to reduction in the money supply in the economy of that country and hence helps in arresting inflation.

The central bank, like RBI in India has to take a contrary position in case of a fall in inflationary pressures. Repo and reverse repo rates facilitates the liquidity adjustment in the economy.

Reverse Repo Rate

Reverse repo rate is the inverse or Repo Rate. It is the term used for the rate at which the central bank of a country (Reserve Bank of India, for India) takes or borrows money from commercial banks within the country. The Central bank usually borrows money from commercial banks to control the money supply in the country. If the reverse repo rate increases, it will decrease the money supply. While a decrease in reverse repo rate would lead to increase in money supply. Other things would remain constant.  Also, on increase of reverse repo rate, the commercial banks get more incentives to park their funds with the central bank (RBI). This leads to decrease in money supply in the market.

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Bank Rate vs Repo Rate

Bank rate is often called as discount rate by financial institutions. The bank rate is used by commercial banks while borrowing money from the central bank.  Commercial banks secure a loan when they anticipate shortage of funds in their own bank.

The Bank Rates have a direct impact on the money the commercial banks lend to their clients. The lending rate charged by the central bank is passed on by the commercial banks to the customers who take a loan from these banks. If the central bank charges a high rate from the commercial banks, the commercial banks will charge high interest rates to its customers who take a loan from the bank. Similarly, if the central bank charges low rate from the commercial banks, the commercial banks will charge low interest rate from the customers who take a loan from the bank.

One can say that repo rate and bank rate are quite similar. Repo rate is also known as repurchasing rate. Repo rate is used like a repurchase agreement in a banking transaction. Now, one would like to know what a repurchase agreement is. When a central bank like RBI sells securities to commercial banks and plans & agrees to repurchase those securities after a stipulated period of time at a pre-defined price, it is called repurchase agreement. Hence, the interest rate used for repurchase of these securities is known as a repo or repurchase rate.

Difference between Bank Rate and Repo Rate

Let’s take a look at some of the differences between bank rate and a repo rate.

  • Usage of Collateral – In a bank rate no collateral is involved. But in a repurchase agreement securities are used as collateral, which are ultimately repurchased at a later date.
  • Difference in rate – If you notice the general trend in the market, you will find that bank rate is comparatively higher than a repo rate.
  • Effect on Lending Rate and Term Period – Repo rate is usually used to fulfill the short term fund requirements of businesses. Central banks try to reduce liquidity in the economy by increasing the repo rate. That said, it has no affect on the market rate of interest, as commercial banks take the additional burden for securing their customer base. However, when the bank rate increases, it affects the lending rate offered to customers directly. This discourages them from taking loans which lead to a damage of the overall economic growth. Repo rate may have an impact on the investment amount. But the impact is not as drastic and direct as a bank rate.
  • Loan vs. Securities –Bank rate usually has to do with loans, while repurchase or repo rate deals with the securities. The bank rate is charged by the central bank upon lending loan to commercial banks. On the other hand, the repo rate is charged for repurchasing of securities.

30 Business Ideas With Low Investment

India has a fast growing economy with a huge working population. This makes it a big business market. Startups with a low investment and a big idea tend to work well. Learn about the large number of business options for small investors.

30 Business Ideas With Low Investment

30 Business Startups Which Need Low Investment

Let us see some low investment business options available in India.

1) Food Delivery

This low investment startup requires proper client management.Easy on the pockets, this is the most suitable business idea after 12th

2) Property Brokerage

With no investment cost, you can earn a good commission by cracking decent deals. It is suggested a good business idea after retirement.

3) Wedding Planning

This type of business requires a creative edge and a lot of contacts with wholesale suppliers for decorative items.

4) Grocery Delivery

This is a low cost business. The investment involved is buying the goods in bulk at cheap rates.

5) Private Tutorials

This is the best business idea for students. This can be started as a business idea from home where, the investment cost is nothing.

Recommended Read : 10 Most Profitable Small Scale Business Ideas

6) Food Trucks

To make this a low  investment business ideas in India, there is a heavy investment required initially for management and procurement.

7) Pre Recruitment Consultancy

The company pays you per new candidate. This business is one of the hottest business ideas in Delhi.

8) Handmade Chocolates

This low budget startup plan makes an excellent business idea from home. With a very few equipments and some wholesale stuff, the clients’ orders can be taken in bulk.

9) Retail Garments

They need to be bought bulk,which is the only major investment required in this low cost businessplan.

10) E-Taxi

This taxi service requires heavy investment initially. This startup should have a great business idea and plan for a good kick start.

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11) Insurance Agency

For being an insurance agent, it is important to be able to persuade people to buy the product. Hence, this becomes one of the most low cost business startup.

12) SEO Consultant

This start up requires a computer and some skills only. Market for the blogs and websites online and make them visible and rank on the search engines.

13) Yoga Instructor

If you have a knack for yoga, teaching it is a good source of building easy money. It requires a private space initially but can also be started from home. Hence it is a good business idea from home.

14) Web Designing

This is one of the best business ideas for B.Tech computer science and IT students, as everyone cannot design webpages. This startup can be run using a personal PC from the comfort of your home.

15) Catering

This can become an amazing business idea for women having good cooking skills. This can be a low cost start up from home and may require money put in as a one-time investment.

16) Online Book Store

Start an e-shop for books. Get paid online and deliver books to them. It can give easy returns over investment.

17) Resume Writing

Being a highly recommended business idea for retired professionals, writing resumes is an easy task which can be done from anywhere with the help of a PC.

18) Used Car Dealerships

This can be considered a very low cost business plan. It can be started with being a middleman in a single car deal. It generates high income for almost, no investment.

19) Car Wash

This business needs heavy initial investment over equipment and labour. But, as the business gain marketing, this startup gains huge money.

20) Beauty Parlour

Consider this startup to be the best business idea for women. It requires a few equipments, a private space, skilled professionals and some products.

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21) Boutique

Running a boutique for fashionable garments is an easy business idea and plan. It requires a shop on rent, and bulk purchase of garments from the wholesalers..

22) Matrimony Services

This business can be a good business idea for women as well as a great business idea for retired women. It needs a lot of contacts and database but can be done just over phone calls.

23) Housekeeping

This servicecan be started from a simple app. This can be provided for people who do not get time for heavy cleanup of theirhouses or even spas and therapies.The service management should be a prompt one.

24) Customized Jewelry

Learning how to make customized jewelry is rather an easy skill. Once you get your hands on it, it can be the low cost business idea for women.

25) Thrift Shops

Buy and sell second hand goods. Good marketing and sales skills are the only requirements for this business.

26) Digital Photography

You only need to own a good quality high-end camera and can get easy returns only by small photo shoots. This can be a good business idea for students.

27) Fitness Center

This is the most trendy business idea in Delhi. People who have the skills to work out can teach others the same with minimum investment on equipment and space.

28) Organic Gardening

Being one of the best business ideas from home, organic gardening involves low monetary investment and can get high margins on it.

29) Trash Management

Trending as a good business idea in India with low investment, it requires an initial heavy set up which can give major returns later on.

30) Paying Guest

This is an ageold business idea from home as it gives great returns with the help of minimum investment.

With proper management, execution and marketing, it is possible to device a perfect startup with a low investment cost in a country like India.