Here are five low investment business ideas to generate income

Representative Image&nbsp

New Delhi: The reason why rich people keep getting richer is that they have devised ways to not just work for money but also to make their money work for them. They are earning when they are working but even they are not working, they keep earning from all the passive income sources that they have generated. You might not be poor as long as you are earning and saving but you will never be rich either unless you are generating passive income on the side. 

It might seem as if generating passive income requires huge investment but it is actually not true. Not all business started with a huge investment. Nowadays, you can earn up to Rs 4 to 5 lakh every month with investment lower than Rs 2 lakh.

Here are some low investment business options that will help you generate income.

1. Paper plates: Many states in India have started banning plastic. Other states are considering it as well and in such a scenario, this business can be the perfect way for you to earn some money. Soon plastic plates and plates made of other non-biodegradable materials will have to be replaced and while big businesses can afford costlier replacements, small businesses or street side vendors would look for affordable options. You can manufacture paper plates and sell them to generate passive income. 

You will need a paper plate making machine, raw material, hydraulic oil and dyes. Your initial investment will be around Rs 1.5 lakh. Since the machine and oil investment are not monthly investments, your monthly investment will be very low and you can earn Rs 50,000 to 1 lakh and more from this business. You can sell the stuff online as well as offline. 

2. Candle making: Candles are really popular not just in India but worldwide. Candle making is a very good low investment business option. You need a candle making machine, candle moulds, paraffin wax, dyes, thread and fragrances. The initial investment will be not more than Rs 60,000 and the process is very simple. Since the machine is a one-time investment, the monthly investment subsequently will be very low.

Paraffin wax is cheap and so are candle moulds. One can manufacture scented candles, shaped candles and regular use candles and sell them online or offline to make money. Candles sell throughout the year as people use them for interior decoration or lighting but the profit during festivals is amazing and can help you make a lot of money. You can earn up to Rs 1 lakh initially and grow with time.

3. Tempered Glass and screen guards: Smartphones are everywhere and with time smartphone penetration is only going up. There are so many brands and models out there and this can help you earn a good amount. Manufacturing tempered glass and screen guards is a low investment business option that requires tempered glass/screen guard making machine, glass or plastic raw material, packaging and computer. 

The initial investment ranges from  Rs 1.25 lakh to 1.5 lakh. Once you have brought the machine, the monthly investment goes down significantly. You can earn anywhere up to Rs 4 lakh from this business. With different brands entering the market, the scope of earning is going up as well. You can sell these online direct to customers or sell them to offline to wholesale sellers or mobile phone sellers. 

4. 24/7 Food Kiosk: A lot of people nowadays work in shifts and it is extremely difficult to find eating joints open past-midnight. You can set up a 24/7 Kiosk in an area which has a lot of offices, official buildings or commercial buildings where people work in shifts. The initial investment and monthly investment is not very high but the earnings are great and you also have the chance of expansion with time.

You need a food kiosk, a cook, raw materials for cooking, gas and some other supplies. Once your business takes off and you start earning good amount of money, you can even hire delivery guys to expand your reach. If the quality of the food served and the service is good, the chances of this business turning into something big are huge.

5. Fitness Centre: People want to stay fit and healthy but, a lot of times hectic working hours and unhealthy lifestyle can be an issue. Many people want to join fitness centres but, in some societies, there are no gyms or fitness centres. You can rent a small space and open a fitness centre with a trainer and some basic gym equipment like a treadmill, dumbbells etc. in the beginning. 

Your initial investment will be around Rs 1 lakh to 2 lakh but once you have bought the equipment, your monthly expense would be trainer fee, rent charges and some other minimal charges. You can also add other facilities like Yoga training, aerobics etc. which do not require expensive equipment. You can earn a lot of money from this business idea. 

Source link