If you have some amount in your hand, you can invest some in your business. There are plenty of small business ideas that can be looked into. We have mentioned some of the most lucrative small business ideas below five lakhs that you can think of. Below 5 lakh business ideas In India are as follows
1. Franchise Business
You can consider a franchise business if you do not want to consider a new product, its marketing, documentation, etc. Many companies in the market want to expand their business to different corners of the world. It could be a food chain, clothing store, retailing, or anything else. The good thing is that you
can start earning immediately after opening the store, as the brand will do all the research and marketing you will work with.
2. Hardware items business
Hardware shop business is also known to earn good margins; the best part is that
most of the materials will remain the same for many years, so you do
not have to worry about their safety.
As the infrastructure industry in India is growing rapidly and it will grow at the
same pace, you can try this business. You can offer architectural planning services, interior designing, plumbers, electrician services, and just selling hardware items. You do not have to hire them as an employee, but you can work with them on a commission basis.
3. Napkin/Tissue/Toilet Paper business
The demand for napkins/tissue paper and toilet paper is increasing day by day. Generally, their demand is high in Western countries, as you know people of India are also following their trend, so today, you can see that napkin paper is used everywhere and in restaurants and hotels. He has started keeping toilet paper in his washroom. So, you can think of working in this business, surely you will earn big bucks soon.