No Loss Business Idea in India [Top Businesses to Start in 2022]
A business requires commitment, time, energy, and, most importantly, capital. You need money to make money. When you invest money in your business, there is always a chance that you might lose it. But what if we told you that you could reduce the probability of losing money to nearly zero with some form of business. Here are 12 no loss business ideas in India:
1. Coaching Centre
For people with education and teaching skills, a coaching centre is the best business without loss. There is little to no investment required. Depending on your education, you can teach different age groups or grades. The rising middle class wants to leave no stone unturned when it comes to their child’s education. If you are highly educated, you can earn a substantial income every month by teaching college or high school students.
2. Tailoring Business
This business doesn’t require much investment. You can tie up with fashion houses and local boutiques to get more work. The demand for tailors has skyrocketed in urban and semi-urban areas. If you are looking for a no loss business, start a tailoring service. With time, you can expand your business by hiring tailors and becoming a manager.
3. Blogging
If you are good with the written word, blogging is the best business to start. Invest in a laptop and internet, and you are good to go. You can start blogging from the comfort of your home. Choose a topic that you know and care about. Write in a way that would attract readers. However, don’t start expecting millions as soon as you start it. It takes time and effort before you will be able to cash in.
4. Baking
Everyone likes cakes, cupcakes, croissants, pita bread, and other baked items. You won’t require much investment to start this business. For promotion, you can use social media and targeted ads. With the raging pandemic, you can start the business from your home. There’s no need for a storefront to run a bakery anymore. Start by promoting your business to friends, family, and acquaintances. Word of mouth travels fast with food items.
5. Housekeeping business
India has one of the largest workforces in the world. In urban areas, millions of people go to their offices every morning and return at night. The demand for housekeeping is at an all-time high right now. You can hire some housekeepers and start a website for booking the services. If you know people that need the services, you can start offline networking and expand. The housekeeping business is an excellent business with no loss.
6. Art business
There is almost no chance of losing money in this innovative business idea. The success of this business depends on the talent of the person. Depending on your skills, you can sell paintings, home decors, showpieces, and other things. You can do portraits on commission. There are a lot of things you can do in this space. The sky’s the limit.
7. Dance studio
People want to utilise their idle time for active hobbies. Many people are passionate about dancing; they want their kids to dance because you get to stay fit while learning an art form. You can open a studio that teaches contemporary dance forms, classical, hip hop, etc. Hire people with different expertise and start the classes. A dance studio is the best business without loss.
8. Cloud Kitchen
Most office-goers want to have home food but do not have the time or inclination to make it after a long day at work. That is why we see a significant number of cloud kitchens in India. These kitchens don’t have storefronts or a place to sit and eat. Instead, they deliver through apps like Zomato and Swiggy or provide takeaways to people. Utilise your cooking skills and start earning. Cloud kitchen is the hot new business idea in the digital age.
9. Consultancy services
Many people get tired of living 9 to 5 and quit their jobs. They can use their acumen and experience to their advantage by starting a consultancy service. Typically, you would need to have an office and some staff. However, with the pandemic, you can start it from your home. Use your contacts in various companies and persuade them to avail your services. You can earn massive amounts of money from this business. The work hours are not gruelling, and you can work on a project basis so that you are not swamped all year. Consultancy services is a no loss business idea.
10. Child Care Services
Child care services are in huge demand in urban and semi-urban areas. Parents want someone to look after their kids while they go to offices. In today’s time, both parents have to work to keep the household running. This is how child care becomes an innovative business idea. You can start one at your home. Get some toys, arrange for fun games, and paint your walls to make it fun for the kids. Teach them some basic things while they are at your daycare facility. Parents will flock en masse to your business if you are good with kids.
11. Freelance Business
Freelance is one of the best businesses to start in today’s time. It provides you with flexibility and the freedom to choose your projects. Depending on your skillset, you can become a freelance writer, graphic designer, software developer, and much more. To get opportunities, you can scour LinkedIn and contact people working in companies you want to freelance for. You can also contact your connections in the field for gigs. This is a new-age innovative business idea that both rookies and experienced professionals are going for.
12. Affiliate Marketing
Online e-commerce websites like Amazon and Flipkart pay people to promote the products on their platforms. For every sale, the affiliate gets a small percentage. You can create Facebook and Instagram pages to promote products and get commissions every time someone buys with the link you have provided.
Conclusion
There are numerous ‘no loss’ businesses you can start in India. Figure out what you are good at and choose the business that is suitable for you. We hope that our list helps you start an innovative business.
Also Read:
1) 10 Best Business Ideas for a Village Resident in India
2) 11 Manufacturing Business Ideas In India that Guarantee a Profit
3) Best Dealership Business Ideas in India You Can Start
4) What business ideas make people billionaires?
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FAQs
Q. What is the best business after the lockdown in India?
Ans. Businesses like cloud kitchens, child care services, and food trucks will do well after the lockdown ends in India, as office work will start in full swing.
Q. Which business is best in India without investment?
Ans. Businesses such as blogging and freelancing do not require any investment. However, it takes time and hard work before you start making a substantial amount of money from them. It is better to do them part-time at first. As income increases, you can become a full-time blogger or freelancer.
Q. How can I earn money from blogging?
Ans. There are different ways to earn money from blogging. After you start getting a good amount of page views on your blog, you can start selling ads on it. You can sell your own products and services. Additionally, you can start affiliate marketing with your blog to generate some additional income.
Q. How can I get the capital for starting a business?
Ans. You can approach a bank for a business loan. Make a solid business plan and convince them to give you a loan. However, you might need a guarantor or property as security for the loan. Alternatively, you can borrow money from your close family and friends to start a business.
Q. What is a ‘no loss’ business idea in India?
Ans. A no loss business idea is one where the chance of losing money is slim or non-existent. There are many skill-based businesses that can be termed as ‘no loss’. However, there is always a small chance of losing money, even with low-risk businesses.
Q. Can a business with a low investment be profitable?
Ans. Absolutely, people who lack financial resources can put their skills to use and start a business. Businesses such as home bakeries and coaching centres have immense potential. They can help a person earn money without much investment.