In the ever-increasing startup ecosystem of today, everyone dreams of starting their own startup and becoming a millionaire or a billionaire. But most of the people remain confused between which business to start for maximum profit and which business has the least probability of failure and the main reason for this is the failure rate of startups. Every year 90% of businesses got failed. So today in this article, I am going to present a list of best startup ideas that can be started in 2018 with low capital investment or medium capital investment. All that would be needed would be your sincere efforts and there is no stopping for you whatsoever. Now let’s take a look on one of the unique and best startup ideas of the world.
Food in Container Business
Budget Needed- US $25,000- $30,000 (Rs. 15-20 lakhs)
It is one of the most unique startup ideas. Opening a food restaurant in a container has gained everyone’s attraction and is becoming increasingly popular. It is one of the most untapped businesses which you can think of starting. In this business, you need to buy a container, the size of which can vary depending on the availability of space. Make the container look attractive and arrange chairs on top. Paint it beautifully from outside with vibrant colors and paintings.
You can place your container in parking areas or roadside of any crowded location. The best part about this startup is that you can reduce your rent by 70% because you will require less space as sitting arrangements are on top of the container and secondly you are not using any commercial space that is more costly as compared to parking spaces or roadsides.
Home Décor Business
Budget Needed- US $20,000- $60,000 (Rs.10- 40 lakhs)
It’s a very profitable startup idea with a margin of upto 300%. The market for luxury home items is growing very rapidly. Currently, home décor business is worth $664 billion globally and is increasing at a rate of CAGR 4.2% annually. So there is a huge scope in this old but consistent startup idea. This can be done either online or offline, you just need to make a perfect business execution plan. The market is all set to buy your products. Get Details
Metal Wall Art Startup
Budget Needed- US $1500- $3000 (Rs. 1-2 lakh)
This is very amazing and attractive startup idea. The best part is only a few people focusing on it due to the involvement of high-end machinery. People usually think that metal art making is a really tough business but in reality, it is not so. This startup can be started with a very low budget and has 100%-500% profit margins depending on the designs you are making and to the market in which you are selling your product.
In this business, you need to contact workshops which have laser cutting machines (best quality) or plasma cutting machines (low quality). Provide them the metal, like copper or steel plates and design files that you want. Then blasting can be done for coloring on the metal arts and you can sell them through different mediums like the offline store, e-commerce website or your personal e-commerce store.
Budget Needed- US $1500- $3000 (Rs. 1-2 lakhs)
This is a very cool startup idea. Recently, the world has seen the craze of people over fidget spinner, the startup idea which made two young boys Allan Maman and Cooper Weiss popular and rich. But craze over fidget toys is not new, rather it is very old and people are making such toys regularly. Though fidget spinners got popular exceptionally.
Many people have a habit of playing while at work. You can make cubes, magnets, pens or any other items which can engage people without disturbing their concentration while at work. You need not manufacture these items by yourself. Instead, you can take the help of workshops and place an order to them.
Anonymously Sharing App
Budget Needed- US $1,000- $4,000 (Rs. 50000- Rs 3 lakhs)
I personally feel this startup idea is a million dollar startup idea which has a great scope, on which not many people are working. But in case you have observed various social networking platforms like Facebook, Quora, Voizd, or Sarahah app, everywhere people are looking to share their dark secrets or feelings using anonymity. Just start any social networking site and give it a feature of anonymity, it can get popular in the world. But yes, how you will sustain it for a longer period is completely up to you. You need to think while people will stay on it for a longer period of time. You can make anything like an app to share the anonymous pic, or message or story or anything.
Budget Needed- US $15,000- $25,000 (Rs. 10-15 lakhs)
This is one of the top startup ideas and this can be proved from the fact that in 2016, Softbank CEO Masayoshi Son invested $31.4 Billion in Arm Holding, a chip maker company. This fact clearly shows how semiconductor industry is increasing over a long period of time. If you see mobile phones, TV, computer, or any electronic device, all are made up of a semiconductor.
Do you love automation? Do you believe in future machines that will be doing most of our works? If you believe in all this, then you can start any kind of startup in the field of the semiconductor industry. It is a sure shot business that is bound to increase.
According to Moore’s Theory, the semiconductor industry will just double every year and it is happening from 1971.
Start TV Channel
Budget Needed- US $30,000- $7,500,000 (Rs. 20lakh- 50cr)
Till a few years back it was really difficult to start any TV channel but now it is not so. You can also enter into one of the most profitable businesses in the world. Well, there are two ways of starting this business i.e. Online and Offline. Offline Channels include BBC, FOX, ESPN etc. Online channels include Hotstar, Netflix etc.
If you have low budget then you can start your channel which is only to cater a small demographic of the world. If you have good budget then you can plan something big and widespread. Get Details
Detergent Powder Business
Budget Needed- US $40,000- $80,000 (Rs. 25- 70lakhs)
Another interesting startup idea which you can look for is manufacturing detergent powder. The market of detergent is increasing with a CAGR 8% annually and it will continue to grow at the same rate for few years. Also, an increase in urbanization is an invitation for tremendous opportunities towards this startup. Per capita detergent consumption of developed countries like USA is 10kg while per capita consumption of developing countries like India is only 2.7kg. Now you can easily estimate where the detergent market is heading towards and this is the best time to start a startup in detergent powder business. Get Details
Budget Needed- US $150- $1500 (Rs. 10,000- 100000)
Blogging is one of the extremely low budget startup ideas and has the potential to make you a millionaire. But there are lots of misconceptions regarding blogging and usually, people don’t understand the meaning of niche blogging. Don’t just start any random blog if you are looking at it from the business point of view or you are treating it as your startup.
Yes, you heard that right. Blogging can also be a startup. Usually, people put anything on their blog and get successful in getting tens of thousands of visitors in a day but they still don’t earn much. Why?
One reason for this is that they are not working in any niche due to which advertisers are not able to provide them the best quality ads. Secondly, they cannot use their subscription data in any form because it is a mix-up data. Choose any single niche like traveling, medical or anything which interests you. Make a business plan for your content marketing strategy determining what exactly you are going to do with the subscribers. Treat AdSense as a part-time. If you do so, you will rock the market in blogging itself.
Budget Needed- US $8,000- $25,000 (Rs. 5-15lakhs)
Tea is the most consumed beverage after water. Still, we find coffee outlets and cafés on each corner of the city but rarely any tea café. In the recent times, many tea startups have started in India and surprisingly each tea startup has been successful in the last 4-5 years. Even the tea startups of uneducated people got hit in India. Still, a vast market is untapped in tea café. Now you can imagine what scope is there in this field. Just create a good ambiance that people want while they have a sip of tea and see the magic of your startup. Get Details
Shoe Cleaning Startup
Budget Needed- US $1500- $8,000 (Rs. 1-5 lakhs)
This business is also known as shoe laundry business. Whatever you call it but this is very cool and exciting startup idea to start and has great potential in the market. Just think about your punishment in school days for dirty shoes, or just feel the embarrassment when you go for a meeting in a metro and your shoes got dirty. This business can be done in a wide variety ranging from leather shoes to sneakers and sports shoes.
Fiber Making Business
Budget Needed- US $10,000- $15,000 (Rs. 7-10lakh)
The global market for textile and apparel industry is worth US $820 billion and is growing at a rate of CAGR 5.6%. So you can start your startup in thread making. You can manufacture cotton, silk, wool, or synthetic fiber in your startup. These days, people are working on making polyester from plastic bottles and that is an awesome startup which every government is also looking for. If this excites you then you can also start this startup.
Budget Needed- US $25,000- $50,000 (Rs. 15-30 lakh)
All over the world, around 11 billion tons of waste is being collected which is currently making a whopping revenue of $410 billion. If you are from a developed and clean country like Dubai, then chances are you will face a lot of competition but if you are from a developing country then there is a massive scope which you can take benefit of. And the best part is due to awareness of hygiene, everyone wants cleanliness but nobody wants to clean the dirt. So if you are ready to make your hands dirty then this startup idea is only waiting for you. Get Details
Advertising and Marketing Company
Budget Needed- US $3,000- $30,000 (Rs 2-20lakhs)
As of today, startups are increasing very rapidly and every company is trying its best to capture their respective market better than their competitors. And in this race of churning market, every company is spending a lot of money to put their products in front. The growth of this industry is so fast that analysts are not able to calculate the global data. If we talk about the USA, then advertising and marketing company has a worth of $44 billion while in India, it is increasing with a CAGR of 33.5% annually.
So it is really a wonderful opportunity to start any startup related to advertising or marketing. You can start a startup in TV ads, online ads, magazine ads and it really has a wide scope.
Soap Bar Business
Budget Needed- US $15,000- $30,000 (Rs. 10-20 lakh)
Everyone uses soap multiple times a day in form of bath soap, toilet soap and dish bar. Quite interestingly, the majority of the market is dominated by very limited brands. Sometimes people don’t even try to touch any such segment where there are big players but usually, the maximum profit lies there.
You don’t need to start your startup directly on a national level, you can always start your business by starting small. You can produce soap for a very specific segment in very limited quality. Also, people love home-made soaps these days. You can make organic soaps with degradable waste or lather as it does not contaminate the environment (water and soil). Get Details
Budget Needed- US $10,000- $15,000 (Rs. 5-10 Lakh)
In most of the schools, children only learn theoretical knowledge. Even parents who want their children to learn everything properly do not know how to teach children every aspect of life practically. Here comes the part of STEM (Science, Technology, Engineering, and Mathematics) toys. Very few companies like Smartivity Toys are working in this direction and they are making wonderful physical products for kids to teach them everything practically.
So you can also start your startup where you can make products which are cheap and involve a lot of fun and makes well use of your child’s brain. If you get successful in making such products then don’t worry about sales. People are dying for such products and are ready to buy for their children. Even schools are looking for such products so that they can have an edge over other schools. This is one of the best startup ideas and untouched too that even researchers haven’t calculated the scope of STEM toys. But this startup is really having a great potential to make you a millionaire or even a billionaire if you work well.
Budget Needed- US $1500- $8,000 (Rs. 1-5 lakh)
This is again an internet based startup idea. Well, here I am not talking about e-commerce website. I am talking about starting an e-commerce store. You might have heard about T-Shirt selling business or mobile case selling business. This business is so big that you can easily become a millionaire with this. And the best part is that you need not to go anywhere or you are not required to know any coding also.
All you have to do is to buy an e-commerce store from the website like Shopify. Start your own e-commerce store from there. Choose their products and advertise them to sell. You can advertise via AdSense, FB ads, emails or any medium which interest you.
Here you need not hire any coder or technician to make your own e-commerce website. You just need to learn about how a particular product is reacting in a particular market. And the best part is you need not to care about shipping also if you are worried about it as Shopify provide the provision of that also.
Budget Needed- US $1500- $8,000 (Rs. 1- 5 lakhs)
If you are India, then you might be aware of Baba Ramdev and his popular brand Patanjali Ayurveda. Well, Patanjali is one of the fastest growing organic products based company. It was started by Baba Ramdev and Acharya Balkrishna in 2007. They haven’t taken any outside funding and today the revenue of Patanjali Ayurveda Ltd is US $ 1.6 billion. I hope this was quiet enough to tell you about the scope of organic food based startups.
If I talk about the market, then the size of organic food market is increasing with a CAGR of 14% annually. The best part about an organic farming is that every country government is supporting it and providing grants and subsidies to start it.
Even many white-collar employees from great companies like Google Inc. are leaving their jobs and starting an organic farming in India.
There is really a great demand for organic food all over the world so just put on your pajamas and get into the field and produce vegetable, crops, milk or any daily requirement product and soon people will see you on the front cover of business magazines alongside several millionaires and billionaires.
Budget Needed- US $200- $8,000 (Rs 10000- 5lakhs)
Tutoring is a US $6 billion industry worldwide and has increased by 40% in the last 5 years and will continue to grow as literacy rate is not yet 100%. Also, population plays a massive role. You might be amazed to know that only 6.7% population of the world is graduate and certainly this ratio will see a sudden spike in upcoming years.
So it is a nice opportunity for you to start a tutoring startup. And as everything is getting online and digitized, you too can take advantage of this. Well, you need not worry about codes for this. You can take help of online tutoring tools and online webinars. There you can teach your students about your subject and also record your videos and put them on YouTube via YouTube channel to gain publicity. Or you can share them on any social media. Get Details
Budget Needed- US $1500- $150,000 (Rs.1 lakh- 1cr)
All across the world, there are around 180,000 fitness clubs which include Yoga Center, Gym, Aerobics, Gymnastics, Zumba etc. More than 1.9 billion people worldwide were overweight and also 18+ in the age in 2016. And obesity is increasing very rapidly, to be specific it got tripled from 1975. This has certainly raised a demand for a lot of fitness centers. If this field interests you, then you can also become popular without being unique as demand is high. Though if your fitness startup is unique and providing some special activity which no one is providing then certainly you will attract a lot of investors and it will become easy for you to make your startup successful.
You can even start apps for providing personal training or any app that can connect people with different fitness centers like FitNApp.
Budget Needed- US $1500- $15,000 (Rs. 1-10lakhs)
This is again an online startup idea. There was a time back in the 90s and 2000s when people used to stand in queues to buy tickets for movies, events, and sports matches for long hours, just like the lines during the launch of iPhones. But with the advancement of internet speed (3G and 4G), ticketing business is also taking pace. Ticketing industry is growing at a rate of CAGR 20%. And the best part about ticketing startups is that it is a profitable business. If I talk about India, then all big startups started in the last 3-5 years are at loss besides BookMyShow, a popular ticketing startup.
The best part of ticketing business is that they do not have much liabilities in it. Here majorly you need to create a wonderful website or have to create an app that can appeal to customers and have amazing User Interface and is easy to navigate. Here the majority of the investment will go only in developing codes for your website and apps.
Budget Needed- US $7,000- $15,000 (Rs. 5-10lakh)
Coupon industry came into existence in the 1890s when Coca-Cola provided coupons of free bottles at the back side of the cap. Today food industry and health industry are using coupons the most with 28% and 18% share respectively. Today 2.3 in 5 companies are using coupons to sell their products.
You would be surprised to know that 3 in 4 people have used coupons to buy at least a product in their entire lifetime. And in today’s date, almost everyone looks for an online coupon while purchasing any online product or service.
So coupon business is really a great startup idea to start with.
Packaged Water Business
Budget Needed- US $15,000-30,000 (Rs. 10-20lakh)
This is really a great startup idea because I hope you know how many people drink water daily. Well, jokes apart. Total packaged water bottle industry is estimated to touch US $279.65 billion which is growing at a CAGR of 8.7%. There are many people who are doing packaged water business on the different level.
You can supply packaged water to industries, on railways stations, metro stations and bus stations to begin with. These are the places where people don’t care much about brands when they are thirsty. So if you have any good location in mind, then you can setup your small plant and your startup idea will do the rest to make you a millionaire.
Disposal Plate and Glass Business
Budget Needed- US $7,000- $10,000 (Rs. 5-7 lakhs)
Another good startup idea is to start manufacturing disposal plate and glass business. These disposals can be of plastic or paper. The machines used for making disposable plates and glasses are also not very expensive. You can buy good machines in just Rs 2 lakhs. You can sell your products to shopkeepers, wedding planners, restaurants and party organizers directly without involving wholesalers initially. Get Details
Budget Needed- US $30,000 (Rs 20Lakhs)
This is a very demanding startup idea which can change the dimensions of plastic industry in a very revolutionary way. The plastic market is expected to reach US $654 billion by end of 2020 and this is increasing a demanding of plastic recycling too as plastic is non-degradable. In your plastic recycling startup, you can find better ways to use plastic in making roads instead of charcoal. Or you can find safest ways to recycle plastic without causing any pollution. The more innovative you will be the better your startup idea will flourish.
If still have any doubt then you can ask in the comment section. Though I would suggest you to go through the basic steps of starting a business before starting your startup to avoid failure of your business.