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5 Lucrative Business Ideas You Can Start Today with Less Than $20,000


Starting a business is more about bringing an idea to life, but many founders struggle with finding a good idea and securing sufficient investment before the real challenges begin. 


You need to ensure that you have the right plan or enough investment before losing focus. A successful business requires a few things like the right plan, investment, and unwavering determination to make it successful. You need to have a clear idea of the business before embarking on an entrepreneurial journey. If you have the determination but lack sufficient funds, here are five business ideas under 20000.


5 best business ideas under 20000


Handmade candles

Candles will always be in demand, making this a lucrative business option under Rs 20,000. Candles are used for religious and decorative purposes. The demand soars during the festive season, and even on normal days, there is high demand for therapeutic and scented candles in restaurants, households, and hotels. Hence, starting a candle business with low investment could be the perfect idea.

Also Read: 10 Best business ideas for teens and young entrepreneurs for a side income


Pickles


Another good and feasible business idea with low investment is the pickles business. Pickles are quite popular in India, and almost every household has at least one variant of pickle. If you want to start a small business, pickles business is a safe and easy option. The demand for pickles in the Indian market remains high throughout the year, and one can start this business with Rs 20,000 to Rs 25,000 (approximately).


Content Writing

This is one of the most trending business options as people are selling their writing skills. If you have the required skills, you can start a content writing business that doesn’t require a huge capital investment. All you need is the right skills and sufficient investment to start as a content writer and offer your services to businesses. You need to understand how content works and have the ability to create influential content.

Also Read: How to start a side business? 5 side business ideas to earn more money


Day care services


In this busy world where both parents work, daycare businesses are significantly flourishing. All you need is a place where you can take care of children. This doesn’t require a large capital investment, and with a nominal amount, you can start a successful daycare service center where people can drop off their children in case of emergencies. You can start daycare services with less than Rs 20,000.


Mobile repair service


If you have the necessary skills and knowledge about mobile repair services, you can start a mobile repair service center. This is a feasible business that doesn’t require a huge investment. You can start this business idea with an investment of less than Rs 20,000. This business is very profitable as nearly every adult owns a smartphone and will need to repair it at some point.

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