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Mumbai has some distinctive features that create business opportunities for aspiring entrepreneurs. Here is a list of the top 10 business ideas in Mumbai. Some of these business ideas are unique to Mumbai while some of them are low investment.
Top 10 business ideas in Mumbai
Here is a list of the top 10 business ideas in Mumbai.
Home-cooked food”>1. Home-cooked food
Mumbai city attracts migrants from across the country who usually do not have access to home-cooked food. It creates an opportunity for budding entrepreneurs to establish a business to provide home-cooked food at an affordable rate. This is one of the low-investment ideas which can be started small scale while it has the potential to grow big.
2. Event management
Mumbai is home to many head offices of many corporates and multinationals. Additionally, countless events take place in Mumbai continuously. These include conferences, seminars, award ceremonies, music concerts, other corporate events and parties. Additionally, weddings and other parties as well make a regular flow of business for an event management company. Therefore, it is one of the most profitable businesses in Mumbai if you have the right skills to do so.
3. Photography studio
Whether corporate events, Bollywood events, weddings or parties, photography services are a must. Moreover, product, architecture and other business-related photography also arise in the city. Therefore, having a photography studio is a lucrative idea for business in Mumbai. You will need to invest in a high-quality digital camera and acquire photography skills to capture these important moments for others.
4. House help agency
There are countless heritage places in and around the city. Even the original residents of the city do not know the importance of or know the heritage of the sight. In contrast, it is a trend to be aware of your surroundings, which can make the idea of conducting a heritage walk successful. While this is one of the zero-investment business ideas, you will need to acquire the necessary knowledge.
5. Conducting heritage walk
There are countless heritage places in and around the city. Even the original residents of the city do not know the importance of or have knowledge about heritage of the sight. In contrast, it is a trend to be aware of your surroundings, which can make the idea of conducting heritage walk successful. While this is one of the zero investment business ideas, you will need to acquire necessary knowledge.
6. Pet store
Nowadays, many urban families are incomplete without pets. Therefore, having pet stores can be a profitable business idea. In fact, several businesses such as pet food, medical suppliers and so on are thriving in the city. You too can establish a pet store in brick and mortar or e-commerce format. If you plan to open a physical shop, you will need to rent a retail place and have supplies. You can create a business plan to establish a pet store.
7. Seafood delivery
Considering Mumbai’s strategic location, establishing a seafood business in the city is promising. Moreover, Mumbai is known to be one of the hubs for seafood consumption. If you are ready for the everyday hustle of purchasing the day’s fresh catch from the sea, you can set up business for seafood delivery business in your locality. It is one of the low-investment business ideas.
8. Import-export business
Having an import export business in Mumbai can also turn out to be a profitable business. However, you will need to acquire the requisite licenses and other relevant documents. Also, it is important to have a reliable logistics partner for the success of the import-export business. There are some other aspects of businesses such as dropshipping, reverse dropshipping, which can also turn out to be profitable ventures.
9. Recruitment agency
As mentioned earlier, Mumbai is a base for headquarters of many large and small businesses. These businesses have varied hiring needs. This allows recruitment agencies to flourish. This is also one of the low-investment business ideas in Mumbai.
10. Fitness centre
Consumers in urban areas are becoming health and fitness conscious. As a result, establishing a fitness centre can be one of the best business ideas in Mumbai. However, along with high returns, the investment required for the business can also be high. You will need to have the right equipment, coaches, nutritionists, and so on.
Zero investment business ideas in Mumbai
The abovementioned ideas can prove to be profitable ventures. However, some of them may require a substantial amount of investment. If you plan to start a zero-investment business in Mumbai, here are some of the ideas for you.
- Freelance writing
- Digital marketing consultancy
- Advisor on investment
- House help agency
- Real estate consultant
- Conducting heritage walk
- Social media marketing services
- Insurance agency
You can start a business in Mumbai with zero investment. However, if you plan to establish a retail business or plan to rent a place for your business, rent varies depending on the locality. Hence, it is best to do your research beforehand.
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