Bangalore is, without a doubt, one of the major economic centres in India. The reason for that is its hyperactive economic scenario. Many people know Bangalore as the Technology and Software hub of India.
However, there are many more opportunities for business in Bangalore that you can exploit. That is why anyone with viable business ideas can start a business there. There’s also a unique culture of networking and mentorship that imbues the city.
It is one of the many reasons that small businesses get drawn to this city. Moreover, the literacy rate in Bangalore is significantly higher when compared to other cities. As a result, entrepreneurs can hire from a pool of talented and well-educated individuals.
That said, standing out from other businesses in Bangalore can be arduous as the city is loaded with startups. Starting a business in Bangalore and sustaining it would require passion, dedication, and an idea to begin with.
For your convenience, we’ve curated a list of the 10 best business ideas in Bangalore. You can choose the one that suits your skillset and make a considerable profit in a short period.
10 Viable Business Ideas For Bangalore
Here’s a list of ideas you can consider if you’re looking to start a business in Bangalore.
1. Grocery Store
One of the businesses that have immensely benefited from the pandemic is the grocery business. Every household in India needs grocery, and that’s why there’s a massive demand for them.
But in a city packed with on-demand services, you’d need to have a delivery system. You can start by renting a small place at a convenient location. To bring in maximum customers, open it in a famous market area and keep it open for longer hours.
Moreover, maintaining inventory and customer’s needs is vital in this business. However, before starting a grocery store, it’s essential to carry out a thorough research about the tastes and preferences of your target audience.
2. Bicycle Rental Shop
Every year, a significant amount of tourists visit the silicon valley of India. And everyone is well aware of the famous Bangalore traffic. So why take advantage of this opportunity?
You can portray your business in association with tourism to cater to the bicycle needs of the tourists. It would also allow you to expand your business opportunities.
Plus, there are also fitness enthusiasts or people looking to reduce weight to whom you can cater. To create popularity for your store, you can also collaborate with fitness clubs or host weekend events with fitness influencers.
3. Coffee Shop
A significant population of Bangalore consists of people between the age of 25-35. There’s hustling and trying to make the most of their lives. And wherever there’s a busy population, demand for coffee likely follows.
Plus, people in Bangalore are typically heavy coffee drinkers. Individuals are always looking for cafes or coffee shops in their vicinity to hang out with their friends or meet people to talk business.
It’s ideal to start a coffee shop in a busy area with good ambience and outdoor seating. But the most vital aspect is impeccable coffee with different variants. You can use social media marketing and flyers to promote your business.
4. Bakery and Confectionary
Opening a Bakery is one of those few evergreen business ideas that work everywhere. That is if things get done systematically. Who doesn’t love some baked goods and chocolates?
But remember that the initial investment in this business would be slightly higher. You’d have to invest in baking equipment and branding. Plus, if you’re looking to enhance your business opportunities, you’d have to invest in delivery services as well.
For that, it’s best to collaborate with on-demand food delivery services like Zomato and Swiggy. In the beginning, focus on providing quality products to your customers so that you can break-even sooner. Having a website and social media presence in this business is a must.
5. Software Classes
As mentioned above, Bangalore is the hub of technology and software. As a result, there is massive demand amongst the youth for learning different software. Getting a corporate job, it’s a skill that they desperately need.
And all you have to do is make a profitable small business idea out of this desperation. To begin, you’d start to lease a few computers, laptops, blackboard, and chairs and desks.
You can rent a small space for the same or begin from your home if you’re looking to save the initial investment. Researching which software and programming languages the students are looking to learn is a must.
6. Recruitment Service
With so many ventures operating in the city, the need for recruitment services is significantly high. Individuals are looking for guides who can prepare them for hiring purposes.
So you can start a business where you prepare assessment tests and exercise and offer the same to candidates. You can also provide them with mock recruitment services like practice interviews.
And once those candidates get selected in their desired companies, you can earn a commission apart from getting a monthly fee from them.
7. Co-working Space
Many businesses in Bangalore work out of coffee shops and little space. That is why opening a co-working space can be an excessively profitable small business in Bangalore.
In fact, many startups are opting for coworking spaces because of the sheer convenience that they offer. And as this business idea is a new one, you can earn a tremendous amount of profit.
However, it also requires a lot of effort as you’d have to gather different equipment like computers, printers, and projectors. Additionally, having top quality wifi, snacks for purchase and comfortable chairs are also vital.
8. Health Product Store
People across the country are demanding more health-related products and organic products. Bangalore is not far behind. If you’re someone who can procure high-quality products considerably, you’ll be able to catch this market in no time.
Moreover, you’d need a catchy brand name and an innovative marketing strategy. Procuring the inventory would be your main expense. And because Bangalore has a hustle life cycle, you’d have to provide delivery services.
You can also sell your products online using Facebook and Instagram. Collaborating with fitness studios and gyms would be beneficial as well.
9. Day Care Services
It’s 2022, and there are more working couples than ever. And they are on a constant lookout for reliable individuals who can look after their children. As Bangalore has many working parents, opening a daycare service, there would be excessively beneficial.
However, to run this business successfully, you must have a way with kids. If you have a small space to run a daycare service, you must look into the SBA or Small Business Administration loans.
Your other investment would include books and toys for children. Promoting your daycare service on social media is also vital. For that, you should consider Instagram and LinkedIn.
10. T-shirt Printing Business
Bangalore is the city of youth. A vast majority is young, and they’re looking for quirky outfit options to purchase. And what apparel sees maximum demand from their end? T-shirts. They’re easy to maintain and fancy to wear.
In India, SouledStore and Bewakoof are two companies that have successfully captured the quirky t-shirts market segment. Preparing a customised t-shirt would cost you somewhere around INR 80-90. You can price the t-shirt depending on the cloth used and the amount of customisation involved.
Moreover, you can engage with your audience online and provide them with the designs that they need. Tying up with E-commerce platforms like Amazon, Myntra, and Flipkart can also be beneficial.
One of the cities that has numerous viable opportunities is undoubtedly Bangalore. However, to run a successful business, you need to be both resilient and creative. But before you start a business, having a viable business idea is a must.
All the local business ideas are tailor-made for business in Bangalore. So go ahead and pick the ones that fit your criteria and skillset.
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Q. I have 5 lakh rupees to invest, which small business in Bangalore can I do?
Ans. It depends on your ambition and skillset. Some small business ideas are a bakery, vegetable dealer, coffee shop, and Bicycle rental shop.
Q. What are some good businesses for a startup in Bangalore?
Ans. One of the most profitable and best business ideas is a hotel. As the hospitality and travel industry in Bangalore is booming, it’d be a viable business opportunity.
Q. Which business is the best for making money in Bangalore and why?
Ans. If you’re looking to start a business in Bangalore to make instant money, opening a call centre would be a great option.
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