Incisive Story (Sujit Kumar Das): February 2022

We meet so many individuals who want to become entrepreneurs but do not exactly know where to start. People are looking for that one breakthrough idea. And this is exactly, where one can find a set of business ideas to start with.

In addition, a list of suggestions, which may be helpful information that might help put things in perspective. This will help you understand what kind of potential each of the business ideas has, along with the investment required to get started.

1.
VR Arcade : Virtual Reality [VR] arcade is one such category that has the opportunity to take advantage of this momentum. As there is a lot of curiosity around this technology.

Investment

Rs 22.5 lakh to Rs. 25 lakh

Requirement

- Gaming License

- VR technology and hardware

Market Size

Currently at Rs. 3,700 crore and expected to cross more

2.
Drone Videographer : If you have a keen interest in video making, photography and drones, should definitely getting into the business of drone videography. It is a thriving space with growing demand.

Investment

Rs 30,000 and above

Requirement

- All drones must have a unique identification number (UIN)

- Unmanned aircraft operator permit (UAOP) from DGCA

- DGCA permit for commercial drone operations

Market Size

The market will reach Rs 6300 crore

3.
Podcasting : A podcast is an audio show that is typically hosted by an individual or a business or a brand. The most common one is the interview format.

Investment

Rs 30,000 and above

Requirement

- A good microphone and headphones

- Recording and editing software

- A podcast hosting account

Market Size

Rs 510 crore by 2023

4. E-commerce : Business online e-commerce has explosive growth and shows no signs of slowing down. It is a huge pie and there is an opportunity available for everybody. There are many ways in which one can set up an e-commerce store: a) set up your own website and sell the products you source or manufacture (b) choose to sell via marketplaces available on social media platforms such as Facebook and Instagram (c) can choose to partner with Amazon as part of its FBA program. FBA stands for [ Fulfilled by Amazon]

Investment

Rs 1,00,000 and above

Requirement

- Company and LLP registration

-VAT registration

-A payment gateway

Market Size

Expected to reach Rs 14250 crore by 2026

5.
VR/AR : Augmented reality (AR) and virtual reality (VR) are the new buzzwords in the tech community. They are touted as the most promising technologies of the foreseeable future.

Investment

Rs 50, 000 and above

Requirement

-Knowledge of programming languages

-Interest in tech

Market Size

Rs 8,40,000 crore by 2022 [globally]

6.
Online Teaching : Teaching is gradually moving to the online medium. It is popular and booming at the moment but a deep understanding of any particular subject and have a passion for teaching. Building an online community is a plus point.

7. Drop shipping : Dropshipping has become a very popular space to start an online business due to the massive boom in the e-commerce industry.

Investment

Rs 50, 000 and above

Requirement

-A good online storefront

-A good network of vendors for your niche

-A computer with internet

Market Size

Expected to reach Rs 8,40,000 crore by 2022

8.
Affiliate Marketing : One of the best ways to make money online. Every time you make a sale, you will get a commission for making the sale happen.

Investment

Rs 10, 000 and above

Requirement

-A blog or a website with good traffic

-Good social media presence

Market Size

Expected to reach Rs 5,800 crore by 2025

9.
Box services : The concept of box subscription services seems to be odd, but it has grown rapidly and gained popularity in the last decade because of e-commerce and social media.

Investment

Rs 1,00, 000 and above

Requirement

- A well-designed website

-Partnership with the right vendors

Market Size

Rs 20,000 crore by 2023

10.
WordPress Themes : Mainly this is related to a blog or website supported by WordPress or even you can look out for Blogspot.com.

WordPress has a 60% market share in the CMS (Content Management System) market and powers close to 34% of the entire internet. Since blogging is quite popular and they are facilitating to reach the mass audience.

Investment

Rs zero to 10,000

Requirement

- Basics of programming

-Familiarity with WordPress

Market Size

60 per cent of the CMS market

11.
3D Printing : 3D printing has become an extremely important part of the manufacturing sector. This segment has seen unprecedented growth. Many industries, ranging from aerospace and defence to medicine and dental care, have come to depend on 3D printing.

Investment

Rs 10,000 and above

Requirement

- Knowledge about 3D printing technology

-3D printers and other equipment

-Raw materials for 3D printing

Market Size

Rs 2,63,000 crore by 2023

12.
Vertical Farming : A new method of growing crops called Vertical Farming is gaining popularity. Generally, it is a method of growing food indoors using modern technology that does not require soil or large masses of land or large quantities of water.

Investment

Rs 5,00,000 and above

Requirement

-Knowledge about vertical farming

-Relevant business license

Market Size

Rs 15,600 crore

13.
Honey Production : Honey is an important part of our everyday diet. Each one of us consumes honey in one form or another. Because of this high demand for honey consumption, there is always going to be a need for honey production.

Investment

Rs 1,00,000 and above

Requirement

-An interest in honey production and beekeeping

-Basic training in beekeeping

-Relevant registration

Market Size

Rs 15 thousand crore

14.
Paper Bag Making : Ever since the ban on plastic bags has come into effect, paper bags are now in a demand. Everyone needs an alternative to plastic bags since it is sustainable and eco-consciousness which is the new norm.

Investment

-1 fully automatic machine costs around Rs. 10 Lakhs

-Rs. 50,000 and above for raw materials

Requirement

- Semi-automatic or automatic bag making unit and raw materials

-Trade license and UDYOG AADHAR registration (for small-scale industries)

15.
Cloud Kitchen : Cloud kitchens are delivery-only kitchens that service areas where it might be difficult to open a restaurant. With the increasing popularity of food ordering and delivery apps such as Swiggy and Zomato, the demand for cloud kitchens is at its prime at the moment.

Investment

Rs 5,00,000 and above

Requirement

- Relevant licenses and permits

-600 to 700 sq. ft space in a high demand area

Market Size

Rs 1.1lakh crores by 2023

16.
Organic Store : Because of the expanding urban population and rising health concerns, the demand for organic food has consistently increased in the past few years. They want to know where the food they consume comes from and how it is grown.

Investment

Rs 8,00,000-Rs 10,00,000

Requirement

-Certification from Organic Trade Association

-Products meet the standards of National Standards of Organic Production [NSOP]

-Relevant licenses and permits

Market Size

Expected to reach Rs 12,000 crore by 2023

17.
Prenatal Fitness Centre : Women realize that during pregnancy and childbirth to avoid any health issues/challenges one needs to stay active during these periods, for this reason, prenatal exercise centers have become the need of the hour. It generally helps women to stay active and prepare for smooth childbirth.

Investment

Rs 40,00,000 for certification

Rs 2,00,000 to Rs 5,00,000 for opening the Centre

Requirement

-Certification in Prenatal Exercise Training

18.
Cooking Classes : If one is a food enthusiast and enjoys cooking and consistently dishes out the most popular food items at family gatherings and similar occasions, then this is an opportunity you can seriously look into.

Investment

Upwards of Rs 30,000

Requirement

-Excellent cooking skills

-Desire to teach how to cook

-Basic cooking equipment

19.
Pet daycare and grooming : This industry is thriving and has a very promising future. One of the hottest industries in the country today. But one must be a great degree of passion and empathy and an animal lover too.

Investment

Between Rs 4,00,000-Rs 5,00,000

Requirement

-A great degree of passion and love for animals

-Relevant permits and registration

Market Size

Rs 3,100 crore by 2023

It does not matter which stage of your life or career you are in, and to become an entrepreneur is one of the most exciting journeys and obviously, these suggestions will get you started in the right direction.

Incisive Story (Sujit Kumar Das)

Thursday 24 February 2022

The best Business Ideas for 2022

1.
VR Arcade : Virtual Reality [VR] arcade is one such category that has the opportunity to take advantage of this momentum. As there is a lot of curiosity around this technology.

2.
Drone Videographer : If you have a keen interest in video making, photography and drones, should definitely getting into the business of drone videography. It is a thriving space with growing demand.

3.
Podcasting : A podcast is an audio show that is typically hosted by an individual or a business or a brand. The most common one is the interview format.

4.

5.
VR/AR : Augmented reality (AR) and virtual reality (VR) are the new buzzwords in the tech community. They are touted as the most promising technologies of the foreseeable future.

6.
Online Teaching : Teaching is gradually moving to the online medium. It is popular and booming at the moment but a deep understanding of any particular subject and have a passion for teaching. Building an online community is a plus point.

7.

Drop shipping : Dropshipping has become a very popular space to start an online business due to the massive boom in the e-commerce industry.

8.
Affiliate Marketing : One of the best ways to make money online. Every time you make a sale, you will get a commission for making the sale happen.

9.
Box services : The concept of box subscription services seems to be odd, but it has grown rapidly and gained popularity in the last decade because of e-commerce and social media.

10.
WordPress Themes : Mainly this is related to a blog or website supported by WordPress or even you can look out for Blogspot.com.

WordPress has a 60% market share in the CMS (Content Management System) market and powers close to 34% of the entire internet. Since blogging is quite popular and they are facilitating to reach the mass audience.

11.
3D Printing : 3D printing has become an extremely important part of the manufacturing sector. This segment has seen unprecedented growth. Many industries, ranging from aerospace and defence to medicine and dental care, have come to depend on 3D printing.

12.
Vertical Farming : A new method of growing crops called Vertical Farming is gaining popularity. Generally, it is a method of growing food indoors using modern technology that does not require soil or large masses of land or large quantities of water.

13.
Honey Production : Honey is an important part of our everyday diet. Each one of us consumes honey in one form or another. Because of this high demand for honey consumption, there is always going to be a need for honey production.

14.
Paper Bag Making : Ever since the ban on plastic bags has come into effect, paper bags are now in a demand. Everyone needs an alternative to plastic bags since it is sustainable and eco-consciousness which is the new norm.

15.
Cloud Kitchen : Cloud kitchens are delivery-only kitchens that service areas where it might be difficult to open a restaurant. With the increasing popularity of food ordering and delivery apps such as Swiggy and Zomato, the demand for cloud kitchens is at its prime at the moment.

16.
Organic Store : Because of the expanding urban population and rising health concerns, the demand for organic food has consistently increased in the past few years. They want to know where the food they consume comes from and how it is grown.

18.
Cooking Classes : If one is a food enthusiast and enjoys cooking and consistently dishes out the most popular food items at family gatherings and similar occasions, then this is an opportunity you can seriously look into.

19.
Pet daycare and grooming : This industry is thriving and has a very promising future. One of the hottest industries in the country today. But one must be a great degree of passion and empathy and an animal lover too.

Empowering women and girl to end child labour

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Thursday 24 February 2022

The best Business Ideas for 2022

1.VR Arcade : Virtual Reality [VR] arcade is one such category that has the opportunity to take advantage of this momentum. As there is a lot of curiosity around this technology.

2.Drone Videographer : If you have a keen interest in video making, photography and drones, should definitely getting into the business of drone videography. It is a thriving space with growing demand.

3.Podcasting : A podcast is an audio show that is typically hosted by an individual or a business or a brand. The most common one is the interview format.

4.

5.VR/AR : Augmented reality (AR) and virtual reality (VR) are the new buzzwords in the tech community. They are touted as the most promising technologies of the foreseeable future.

6.Online Teaching : Teaching is gradually moving to the online medium. It is popular and booming at the moment but a deep understanding of any particular subject and have a passion for teaching. Building an online community is a plus point.

7.

Drop shipping : Dropshipping has become a very popular space to start an online business due to the massive boom in the e-commerce industry.

8.Affiliate Marketing : One of the best ways to make money online. Every time you make a sale, you will get a commission for making the sale happen.

9.Box services : The concept of box subscription services seems to be odd, but it has grown rapidly and gained popularity in the last decade because of e-commerce and social media.

10.WordPress Themes : Mainly this is related to a blog or website supported by WordPress or even you can look out for Blogspot.com.

WordPress has a 60% market share in the CMS (Content Management System) market and powers close to 34% of the entire internet. Since blogging is quite popular and they are facilitating to reach the mass audience.

11.3D Printing : 3D printing has become an extremely important part of the manufacturing sector. This segment has seen unprecedented growth. Many industries, ranging from aerospace and defence to medicine and dental care, have come to depend on 3D printing.

12.Vertical Farming : A new method of growing crops called Vertical Farming is gaining popularity. Generally, it is a method of growing food indoors using modern technology that does not require soil or large masses of land or large quantities of water.

13.Honey Production : Honey is an important part of our everyday diet. Each one of us consumes honey in one form or another. Because of this high demand for honey consumption, there is always going to be a need for honey production.

14.Paper Bag Making : Ever since the ban on plastic bags has come into effect, paper bags are now in a demand. Everyone needs an alternative to plastic bags since it is sustainable and eco-consciousness which is the new norm.

15.Cloud Kitchen : Cloud kitchens are delivery-only kitchens that service areas where it might be difficult to open a restaurant. With the increasing popularity of food ordering and delivery apps such as Swiggy and Zomato, the demand for cloud kitchens is at its prime at the moment.

16.Organic Store : Because of the expanding urban population and rising health concerns, the demand for organic food has consistently increased in the past few years. They want to know where the food they consume comes from and how it is grown.

18.Cooking Classes : If one is a food enthusiast and enjoys cooking and consistently dishes out the most popular food items at family gatherings and similar occasions, then this is an opportunity you can seriously look into.

19.Pet daycare and grooming : This industry is thriving and has a very promising future. One of the hottest industries in the country today. But one must be a great degree of passion and empathy and an animal lover too.

Empowering women and girl to end child labour

1.
VR Arcade : Virtual Reality [VR] arcade is one such category that has the opportunity to take advantage of this momentum. As there is a lot of curiosity around this technology.

2.
Drone Videographer : If you have a keen interest in video making, photography and drones, should definitely getting into the business of drone videography. It is a thriving space with growing demand.

3.
Podcasting : A podcast is an audio show that is typically hosted by an individual or a business or a brand. The most common one is the interview format.

5.
VR/AR : Augmented reality (AR) and virtual reality (VR) are the new buzzwords in the tech community. They are touted as the most promising technologies of the foreseeable future.

6.
Online Teaching : Teaching is gradually moving to the online medium. It is popular and booming at the moment but a deep understanding of any particular subject and have a passion for teaching. Building an online community is a plus point.

8.
Affiliate Marketing : One of the best ways to make money online. Every time you make a sale, you will get a commission for making the sale happen.

9.
Box services : The concept of box subscription services seems to be odd, but it has grown rapidly and gained popularity in the last decade because of e-commerce and social media.

10.
WordPress Themes : Mainly this is related to a blog or website supported by WordPress or even you can look out for Blogspot.com.

11.
3D Printing : 3D printing has become an extremely important part of the manufacturing sector. This segment has seen unprecedented growth. Many industries, ranging from aerospace and defence to medicine and dental care, have come to depend on 3D printing.

12.
Vertical Farming : A new method of growing crops called Vertical Farming is gaining popularity. Generally, it is a method of growing food indoors using modern technology that does not require soil or large masses of land or large quantities of water.

13.
Honey Production : Honey is an important part of our everyday diet. Each one of us consumes honey in one form or another. Because of this high demand for honey consumption, there is always going to be a need for honey production.

14.
Paper Bag Making : Ever since the ban on plastic bags has come into effect, paper bags are now in a demand. Everyone needs an alternative to plastic bags since it is sustainable and eco-consciousness which is the new norm.

15.
Cloud Kitchen : Cloud kitchens are delivery-only kitchens that service areas where it might be difficult to open a restaurant. With the increasing popularity of food ordering and delivery apps such as Swiggy and Zomato, the demand for cloud kitchens is at its prime at the moment.

16.
Organic Store : Because of the expanding urban population and rising health concerns, the demand for organic food has consistently increased in the past few years. They want to know where the food they consume comes from and how it is grown.

18.
Cooking Classes : If one is a food enthusiast and enjoys cooking and consistently dishes out the most popular food items at family gatherings and similar occasions, then this is an opportunity you can seriously look into.

19.
Pet daycare and grooming : This industry is thriving and has a very promising future. One of the hottest industries in the country today. But one must be a great degree of passion and empathy and an animal lover too.