With the Startup India revelation, many small artisans and small scale business enterprises have stepped to contribute massively towards the Indian economy.
What is a Small Scale Business?
Typically, a small scale business comprises of a smaller team having lower turnovers, in comparison to larger organizations. A small scale enterprise ranges from sole proprietorships to team comprising of 5-20 members.
Do you want to be your own boss or run your own business?
Here are 7 small scale business ideas that you can use to start your business in the online marketplace.
7 Small Scale Business Ideas:
- Online Business
- Marketing Services
- Creating Chatbots
- Application developer
- Website Developer
1. Online Business
Starting an online business has become more accessible to businesspersons hailing from different backgrounds, especially with larger platforms like Amazon (1) offering support to small scale businesses.
You can start an online business of physical products and services by selling on the world wide web, which saves you the cost of renting a place and other miscellaneous costings of a business.
Some trending ideas for starting an online small scale business in India are:
- Healthy food items
- Pet grooming products
- Athleisure products
- Minimalistic jewelry
- Posture corrector
We cannot overemphasize the power blogging holds. Some individuals that started blogging years ago are today, profiting in prominent figures out of these blogs.
Blogs can serve as a great small scale business that requires zero to a shallow investment requirement. With regular high-quality content, you can start earning extra income from your blog.
How to start a blog:
- Buy a good domain name from domain sellers like GoDaddy (2), KillerLaunch, etc.
- Create a well-designed website
- Start creating high-quality content
- Stick to your niche
- Build a loyal audience
Once you have built an active audience, you can start earning through ads, sponsored content, promotions, etc.
Youtube can serve as a platform where you can spread your word by educating, inspiring, and entertaining people with your content. YouTube (3) works as a robust platform that fetches you money through ads and sponsored content, similar to blogs.
You can start your YouTube channel with almost zero investment, depending on the content you intend to provide to your audience.
Ways to Earn Money From YouTube:
- YouTube Advertisements (4)
- Affiliate Marketing (5)
- Brand Deals
- Sponsored Content
4. Marketing Services
Companies are always on a lookout for freelance marketers to promote their services and products to generate leads. To start a marketing business, you’ll need to equip yourself with all the knowledge on the latest marketing trends and techniques.
Nowadays, various marketers are using influencer marketing strategies to promote their services and products amongst the audience.
You can earn from your small scale marketing business by:
- Providing SEO (6) marketing services
- Social media marketing
- Influencer marketing
- Affiliate marketing
- Social media consultancy
5. Creating Chatbots
Today every small to large range company needs chatbot services to build an engaging presence with their potential consumers. Creating a chatbot doesn’t necessarily require you to hail from a coding background. You can learn to create a chatbot easily online.
Chatbots are automatic communicative services that solve consumer’s issues and replies to their questions using AI technology by recognizing trigger words.
Note: An average Facebook Messenger chatbot for small scale business marketing purposes can earn you anywhere between $3,000 to $5,000, with companies paying up to $50,000 for a chatbot (7).
6. Application Developer
You can start developing applications with your laptop, a stable internet connection, and zero investment. We’re the internet generation where we need instant results to minor problems.
By creating potential applications for users and marketing it the right way, you can start earning via ads and subscriptions, making it a great source of passive income.
How to earn money as an app developer:
- Freelance app developing
- Build an app from scratch and sell it
- Earn through app ads
- Earn through app subscriptions
Note: Dinosoft Labs is one of the best software development firms known for their high-end app development services.
7. Website Developer
We live in a world where the essence of a business is measured by its online presence. It has become important for every business to own a website in today’s time, establishing a website developer’s place in the market.
Note: On average, a website developer can earn up to $113k in the State of California (8).