Around 120 million people lost their jobs in India last year due to the Coronavirus pandemic. If you are one of those unlucky ones, don’t lose hope. You can realise your passions and turn them into your profession or small business. Maybe an opportunity of becoming a successful entrepreneur is knocking on your door in the form of these crises. You can also apply for an instant personal loan for business capital if you’ve maintained your credit score.
Words: Shiv Nanda
Following are 7 cool business ideas, which can revive your financial condition and put you on a new career path:
- Healthcare Products
The demand for mask and sanitiser drastically increased during the pandemic for obvious reasons. You can start manufacturing or dealership of mask and sanitiser. You can sell them through retailers, wholesalers and online as well. These are not very expensive to manufacture, so managing finance will not be complicated.
- Doorstep Delivery
One more business that will yield profit during a pandemic is doorstep delivery. People are refraining from going to the mall, shops, and market for maintaining social distance. They prefer doorstep delivery instead. You can start delivery of essential items like pharmaceuticals, food, and groceries. Enquire about the license required for this business in your locality before starting.
- Tiffin Service
Do you like cooking? If yes, then you can earn a lot of money through a home kitchen tiffin service. Who wouldn’t want a delicious and nutritious home-cooked meal delivered at their doorstep? You can hire staff and rent additional space for cooking according to the growth of your business.
- Baking Business
Wouldn’t it be nice to make money by serving sweet treats to people in these gloomy times? If you know how to bake the cake right, you can make a flouring career in the baking business. Indian market is inclining towards homemade bakery items at affordable prices. You can easily manage finance as minimum investment is required in this business.
- Online Tuition Classes
School colleges are closed, so students are dependent on online classes only. But they don’t get proper attention amongst many of their classmates online with a single teacher. In these circumstances, you can provide your services of online personal tuitions courses. It is one of the best mediums to make money online during the pandemic.
- Homemade Art and Craft
If you have an inborn talent for making art and craft, you can start by creating and selling decorative items, painting, candles etc. You can also venture into making pickles and toys. If you are good at your art, your business goodwill will grow tenfold with time.
- Clothes and Accessories
Rental facilities for clothes and accessories is a growing business in the Indian market. People prefer renting them for different occasions rather than buying them at their original price. You can make good money online through this business by advertising your services on the social media platform.
All these businesses are either less affected or not affected by the pandemic at all. And they don’t need significant investment. So start now on the road to becoming your own boss!
Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India’s first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at firstname.lastname@example.org.
This article is a guest post and the ideas are of the author alone.