Home Finance 5 Lucrative Business Ideas to Start Earning Money Today with Less than $20,000

5 Lucrative Business Ideas to Start Earning Money Today with Less than $20,000

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5 Lucrative Business Ideas to Start Earning Money Today with Less than $20,000


Starting a business is more about bringing an idea to life, but many founders struggle with finding a good idea and sufficient investment before the real challenges begin. 


You need to make sure you have the right plan or enough investment before losing focus. A successful business requires things like a solid plan, investment, and unwavering determination. Before embarking on the entrepreneurial journey, it’s crucial to have a clear understanding of your business. If you have the determination but lack funds, here are five business ideas under 20000.


5 best business ideas under 20000


Handmade candles

Candles are always in high demand, making this a thriving business option under Rs 20,000. Candles are used for religious purposes as well as for decoration. The demand skyrockets during the festive season, and even on regular days, there is a high demand for therapeutic and scented candles in restaurants, households, and hotels. So, starting a candle-making business with a low investment could be a perfect idea.

Also Read: 10 Best business ideas for teens and young entrepreneurs for side income


Pickles


Pickles are a popular choice in Indian households, with almost every home having at least one type of pickle. Therefore, starting a small-scale pickles business is a safe and easy option for a low investment. The demand for pickles remains high throughout the year in the Indian market, and one can start this business with an investment ranging from Rs 20,000 to Rs 25,000 (approximately).


Content Writing

This is one of the most popular business options as people are monetizing their writing skills. If you have the skills, you can start a content writing business without requiring a large capital investment. All you need is the right skills and sufficient investment to kick start your career as a content writer. You can offer your expertise to those in need of writing services for their businesses. You just need to understand how content works and have the ability to create persuasive content.

Also Read: How to start a side business? 5 side business ideas to earn more money


Day care services


In today’s busy world where both parents work, daycare services are in high demand. You just need a suitable location where you can take care of children. This business doesn’t require a significant capital investment, and with a minimal amount of money, you can start a successful daycare service center where parents can leave their children in case of emergencies. You can start daycare services with less than Rs 20,000.


Mobile repair service


If you have the necessary skills and knowledge in mobile repair services, you can start a mobile repair service center. This is a feasible business idea that doesn’t require a large investment. With an investment of less than Rs 20,000, you can start this profitable business. Almost every adult has a smartphone, and there is always a need for phone repairs.

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