7 Best Business Ideas for Women in India
There are business ideas for women in India. In the last two decades, women have proved they can be excellent entrepreneurs, and India has been fortunate to witness remarkable growth in the number of women running a business.
They are becoming a part of every industry, all thanks to their dedication, skills, and amazing entrepreneurial abilities.
As per the latest data, women own 22% of businesses in India, which is quite a jump from what it was a few years back.
If you are a woman and want to start something of your own, here’s what can help you get started.
3 Primary Elements to Start a Business:
This one goes without saying. The idea might be something you hold expertise in or think may turn out profitable or a unique concept.
Although you can find an array of small business ideas in India for women, make sure you zero in on the one you are passionate about.
Assess the pros and cons of each, understand the market, study the target audience and its demands, and kick-start turning your idea into a reality.
A business plan is a blueprint of your idea that guides you at every step and helps you set your business goals.
This detailed roadmap helps you raise funds and secure partners while keeping you on track. We know that preparing a comprehensive business plan can be challenging and frustrating, so don’t shy away from seeking assistance from an industry expert.
Or reach out to an expert for mentorship. You can also have your business plan analysed by a friend or a family member who has more experience and offer guidance.
You need enough money in your hand to execute your brilliant idea, and often you might find that your funds alone are not sufficient, especially when you are starting off – and that is where external funding comes into the picture.
You can approach an investor and pitch your idea to get funds. Moreover, you can apply for a personal loan for women as banks, financial institutions, and fintech platforms now offer various low-interest options on easy terms. You also have an option of crowdfunding that support women-led businesses.
5 Business Ideas for Women
1. Food or Catering
Do you love to cook? Are you always appreciated for your culinary skills? It’s time to tap into this talent and make money out of it.
People love trying new cuisines and eating healthy. When you combine this with online retailing, it can get your business up and running in no time.
You will need to work on your top recipes, find a perfect and accessible place, and focus on creating some scrumptious dishes.
Freelancing offers an ocean of opportunities and paves the way for some of the most revenue-driven business ideas for women in India.
Also, as you are self-employed, you enjoy the flexibility and freedom to control your schedule and income. Some of the popular freelancing options are:
• Content Writing:
You can try your hands at creative or technical writing based on your proficiency and skills. You can easily find work through online portals if you have a knack for writing.
You can create blogs that talk about crucial matters, food recipes, fashion, makeup, designing, or anything that might attract users.
• Graphic Designing:
Currently, every business, big or small, is looking for well-versed designers to create their logos, website, ads, and whatnot. So, if you can create amazing designs, then start applying online as a freelancer.
3. Arts or Handicrafts
Open any social media platform and it is flooded with startups and small businesses that sell handmade products.
From home decor items and jewellery to toys and bags, the arts and handicrafts industry has become a go-to source for women to earn a livelihood.
The best part is you don’t need a hefty investment as you can run this business from home with minimal initial expense.
4. Clothing Store
Fashion is evolving daily, and anyone who can take the fashion game up a notch with their sense of style has a bright future in the clothing business. You have several business options to choose from, including:
You can start a boutique or online store that sells exclusive designs. It can be for kids, men, or women.
6. Accessories and Bags Outlet
Fashion is way beyond trendy clothes and shoes. Young women and men are looking for fashionable bags and accessories to complete their looks. So, you can design your merchandise or fashion label to establish your business.
7. Stitching and Embroidery
If you are not updated with fashion trends, then no worries. Your stitching skills can come in handy. The market values hand embroidered clothes. Surprisingly, they are sold at a higher price than printed or plain outfits.
Entrepreneurship can be exciting and fun, but you need to choose your niche. Stick to the idea that fits your skills to give your best shot and attain the desired results.
Build a brand, put in the best efforts to grow it, own it like a boss, and be a businesswoman who inspires others.