Top portable businesses in India to start with small business loans
In the last few years, there has been a rising trend among individuals to start up their own businesses. The current generation is looking for new ways to earn a decent income rather than opting for the same old 9 to 5 jobs as their fathers and forefathers. And of the current business trends folks have turned towards in the last few years, portable businesses are certainly one of the more popular ideas.
What are portable businesses?
The digital age is changing the way people work. People are working from home and at the office. It is not a new phenomenon, but it has become increasingly popular in recent years. Portable businesses allow people to be more mobile and work from anywhere, anytime. This type of business allows for flexibility and creativity since you can do your job wherever you are.
A portable business is a company that is able to operate in different markets or regions. It can be a small start-up, a medium-sized company, or a large multinational corporation. A portable business has the potential to grow and reach more people around the world. It is because it can adapt to different markets and regions and be as flexible as its owner. And with the local and union government encouraging entrepreneurs to create their businesses by opting for attractive loans, it is an excellent idea for one to consider.
Food trucks were considered by many to be a passing trend in the early 2000s; after all, what could replace the comfort of sitting at a diner and having a meal with your loved ones? But food trucks certainly have bucked the trend, and now one can safely say it is here to stay. Food trucks allow one to get their food on the go, which is beneficial for folks in a hurry. It is ideally suited to the current fast-paced lifestyle that many people live.
The food industry is growing exponentially, and it is something that you, as an entrepreneur, can take advantage of. Opting for a niche food truck is a ready-made recipe for success regardless of the city in which you are currently based.
There is a high demand for skilled professionals in all business sectors, and education is not far behind in this category. Online Tutoring as a business has potential, primarily if it is handled by professionals with prior experience with everything that goes with it. Even if you are not much familiar with the intricacies of the business, you can easily hire someone who can handle this for you.
It is a low-risk, high-return business idea, something everyone should consider, especially if they are planning to start a portable business.
Do you own a car or at least know someone who does? Then you are familiar with the complication that is involved with its maintenance. Usually, a car owner would have to take their vehicle for a car wash to have it cleaned; after all, who likes to clean their car manually? But what if you can provide at-home auto detailing services that will relieve the owner of the hassle and save much of their time?
Auto detailing is a profitable business venture, as there are over 23 million cars in India. And yes, one would be required to make an investment, particularly in procuring auto detailing equipment, but the margin for profit is significant here. Your business can also offer bundle plans with unique benefits that might encourage customers to connect with you more frequently.
Personal Physical Trainer
The last couple of years have been hard for everyone due to the COVID-19 pandemic. However, it has also made it clear to people how important it is for them to be physically fit, not just to combat the deadly virus but also generally. Hence, the rising demand for personal physical trainers who can help them get back in shape.
The market for physical fitness is large and requires someone who is experienced and knows the know-how to get around to it and create a successful business. And if you are someone who ticks all these boxes, then being a personal physical trainer is certainly an excellent and profitable idea.
At-Home Salon/ Spa
While nothing can substitute the experience of getting a massage at a spa and a hair treatment at a luxury salon, not everyone has the time to go to one. It has resulted in an increasing demand for mobile stylists/therapists that can provide such services to one in the comfort of their home.
It is an excellent business idea as this service is utilized frequently and members of both sexes. Yes, one would be required to invest in purchasing the equipment needed to get started and provide a satisfactory service, but the profit margin is sure to entice anyone. And with the ease with which one can apply for a business loan, this business venture becomes even more attractive. Do keep in mind the expenses you would incur in marketing your service to your targeted audience.