Business Under 5 Lack: First of all thank you so much for asking this question. I will try to answer your question as best I can. Still, if there is any mistake, please forgive me and give me your suggestion by commenting. This will help me a lot to improve my answer in the future.
Now coming to your question “Which business can be done well in 5 lakh rupees?” Feather. Let me tell you that 5 lakh rupees is a big amount, with which many types of business can be started. I am not going to tell about anyone else, but from my personal experience.
I currently live in Bangalore. I have spent most of my life living in the village. When I lived in the village, my father had a grocery store at that time. However, many years have passed since this. In 2005-2006, my father had opened a small grocery shop, in which he had invested about 40-50 thousand rupees. The shop was not very big, but because the shop was in the right place, it ran well and he earned a lot of money from that shop. Although the shop is closed now, he made a lot of profit when he opened it.
Business Under 5 Lack: Which business can i start in 5 lack rupees?
I simply mean to say that you can start any business on a small scale according to your budget. More important than starting any business is to run it properly. If the business is run properly, it has a very high chance of success. That’s why you start any business, plan in advance to run it well. Below I am going to tell you about some (Business Under 5 Lack) businesses to start in 5 lack rupees, which anyone can start. It does not require any special skills.
1- Grocery Store:
No matter how far a person goes, he will feel hungry and most of the food items like flour, pulses, rice, oil, spices, all these things are available only at the grocery store. In such a situation, we can say that the grocery business will continue forever. However, its appearance may change in the future than before. At present, where all the people go to the shops and buy the goods they need, it is expected that in future everyone will order the goods online only.
It has already started. Looking at the speed with which people are moving towards online shopping, it can be said that in no time everyone will start shopping online only. Therefore, those opening grocery stores are advised to register their business on online platforms as well,
so that they will be able to sell online. This will increase the scope of business and also get more customers. 5 lakhs is a lot of money and a good grocery shop can be opened in this amount. However, opening a grocery store in a place where a lot of people live will make your shop look better.
Must Read: 27+ business ideas in One Lack: Which business to do in 1 lakh?
2- Business of Dairy:
To stay healthy, people are adding dairy products to their diet for a long time. Dairy products include milk, curd, ghee, butter, cheese, etc., which have always been in high demand and are in great demand even today. In such a situation, we can say that at present dairy business is also a good option, which can be started easily in 5 lakh rupees. Dairy business can be started anywhere in villages, small and big cities. However, if you start a dairy business by buying your own cow and buffalo, then you will have to invest a lot of money. Because, at present, about one lakh rupees will have to be spent to buy a normal cow and buffalo.
In this way, if you start a dairy by buying 10 cows and buffaloes, then you will have to invest about 10-15 lakh rupees. On the other hand, if you buy and sell their milk from the farmers of the village or make curd, ghee, butter, paneer from it, then you can earn more profit with less investment. In such a situation, I would advise those starting the dairy business that in the beginning you should start your business by buying milk from the farmers. Later when your business becomes big, then you think about keeping your own cow and buffalo.
The restaurant business is also one of the evergreen businesses. Whenever people want to eat something nice and different, they go to the restaurant. Because of this, you will get to see restaurants even in small places. For those people who are fond of cooking and feeding others, then restaurant business is the best business. However, it is not necessary that you know how to cook, only then you can start a restaurant. You can also start your own restaurant by hiring a good cook to cook the food.
You can easily open a small restaurant in big cities for five lakh rupees. Whereas, in small towns, you can open a good restaurant for that much money. Nowadays people have more desire for pure and authentic food. In such a situation, you should serve authentic food of any one place. At present, people are getting away from authentic food in the wake of modernity.
Because of this, authentic restaurants are likely to run more. After starting a restaurant, don’t forget to list it on Swiggy and Zomato. With this, you can expand the reach of your restaurant from one area to many nearby areas and your customer circle will also be many times more than before, which will increase your sales and you will also get more profits.
4- Cloud Kitchen:
At present, the business of cloud kitchen is also a very profitable business. A cloud kitchen is in a way a restaurant without a branch, where there is no seating arrangement, only online delivery is done. The number of people ordering food online has increased significantly since the lockdown. At present, most of the youth living in big cities order food online. In such a situation, we can say that good money can be earned by starting a cloud kitchen.
As cloud kitchens do not have seating arrangements, so many expenses are reduced. Because of this, this business can be easily started on a large scale within five lakh rupees.
After starting this business, you can also list it on online food delivery platforms like Swiggy and Zomato and prepare and send the food when you get the order online. In this way, you can earn a lot of money sitting in one place.
You also don’t have to hire many employees to run a cloud kitchen. You should hire 3-4 such cooks who can cook all kinds of food. Currently, Swiggy and Zomato also help in setting up cloud kitchens. So starting this business has become even easier.
5- Tiffin Service:
Presently the demand for tiffin service is gradually increasing in small and big cities. However, there is no demand for this business in rural areas. In such a situation, the business of tiffin service can be done only in urban areas. Most of the colleges and companies are located in the urban areas, in which many young working people depend on the mines outside.
Going out to the restaurant and eating food every day is very expensive, as well as eating the food of the restaurant daily is also very harmful for health. In such a situation, many people prefer cheap food that tastes like home and tiffin service provides cheap food that tastes like home easily.
This is the reason why the demand for tiffin service in urban areas has increased manifold over the last few years. This is a very profitable business, which can be started easily within one lakh rupees. However, you can increase your tiffin service if the demand is high. After starting the business of tiffin service, promote it well in the nearby areas, which will also get you many new customers and your business will run well.
Must Read: 20+ Topic for Blog: What are the best topics for blogging?
6- Business of making paper cups, plates and bags:
Gradually, awareness about the environment is increasing all over the world. Earlier plastic cups, plates and bags were used more, which had a bad effect on the environment. This is the reason that at present, plastic things have been completely banned in many places. Now people have started using paper cups, plates and bags more in its place, due to which its demand has increased a lot.
In such a situation, if you are planning to start a good business, then you can start a unit of making paper cups, plates and bags. At medium level, this unit can be started easily within five lakh rupees. After making paper cups, plates and bags, you can sell them in bulk to all kinds of shopkeepers big and small in the nearby market.
Along with this, you also register your business on online platforms like Amazon, Flipkart, Meesho, this will enable you to sell online and your profits will increase. No special skills are required to start this business, because of this anyone can do it.
7- Business of Garam Spices:
The southern province of India is known as the heartland of spices. Almost all kinds of spices are grown here. Spices are such a thing, which are used in all homes. Because of this it is in great demand. Be it village or city, it is in great demand everywhere.
In such a situation, we can say that starting a business of garam masala can be a good decision. You buy garam masala in bulk and pack it in small packets and supply it to the nearby markets. If you sell good quality spices, your business will do well.
Along with this, you can also sell other types of spices like fennel, ajwain, kalonji, coriander, turmeric etc. Nowadays most of the people buy all these things packaged. After starting the business of spices, you can sell it offline as well as online.
Nowadays many people have started ordering spices online. However, people who are fond of spices, prefer to buy spices only by going to the shop. You can also create your own brand by registering your company. Do you know that tomorrow your brand of spices will get bigger and your spices will be used all over the country.
8- Pickle or Papad Business:
Pickles and papads are also such things, which are in high demand all over the country. There are many brands of pickles and papads locally, which are in high demand in that area. The most important thing about this business is that it can be started at both small and big levels and the profit is also much higher than the cost. You probably know about the story of Lijjat Papad.
It was started by some women on a very small scale, which has grown into a big one today. Lijjat papad is famous all over the country and its demand is also very high. Especially in the northern part of the country, papad means lijjat papad.
In view of this, you can also start a business of pickles and papads. The business of both pickles and papads can be started at a medium scale for five lakh rupees. However, pickles and papads are available in the market for different ingredients and different tastes. So try to make your pickles and papads a little differently, so that people like it.
When people like the pickles and papads made by you, only then they will buy them. Once your brand has gained recognition, it will not take long for it to become famous. You can start supplying all over the country by starting with the nearby markets. Also, sell your pickles and papads online, this will increase both its sales and profits significantly.
9- Poultry or Fish Farm:
Village or city, the demand for chicken and fish is very high everywhere. Small shop owners buy poultry or fish in bulk from the farm itself and sell it retail. Because of this, you can also consider the business of poultry and fish farm. This business can be started both in the village or in the city. In this too, there is a lot of benefit in comparison to the cost. Small scale poultry and fish farm can be opened with ease of five lakh rupees.
You will have to spend about 2-3 lakh rupees to build a small scale farm. After the farm is ready, you keep chicken and fish cubs worth 1-2 lakh rupees in it and buy their fodder and medicine with the remaining money. It takes about 2-3 months for chicken chicks to be completely ready. In this way, if you raise chickens and fish chicks 3-4 times a year, then you can earn a lot of money by investing five lakh rupees.
Almost all the businesses mentioned above can be started in five lakh rupees and they can be run easily. However, gradually the country is becoming digital, so you can start any of these business, manage it in a digital way. This makes it much easier to manage and run the business.
This was not possible in earlier times, because technology was not developed. Because of which every type of business, small or big, had to be managed offline. In which a lot of time and money was spent. Along with this, sometimes some mistakes were also made, which had a bad effect on the business and the business was damaged.
However, now it is not so at all. Currently, there are a variety of apps, software and business platforms available to manage every type of business, small and big, due to which every need of the business, small and big, can be easily managed from one place.
Although there are many apps, software and business platforms available in the market, but you should choose them according to the need of your business. Choosing the app, software, and business platform that lets you manage most of your business needs in one place can go a long way in helping your business grow.
This allows you to avoid using different apps, software and business platforms for different business needs. That will save both your time and money. You can use it to advance your business.
If you like this answer of mine, please upvote it, share it with your friends-
Leave a Reply