Selecting the perfect name for your business is essential for creating a brand that connects with customers and distinguishes itself in a competitive landscape. More than just a label, a business name defines your brand’s identity, embodies its core values, and enhances visibility by incorporating key SEO terms. Let’s see Business Ideas for Aspiring Entrepreneurs in Indore.
However, discovering the ideal name can be daunting, as it demands creativity, relevance, and practical factors like domain availability.
Do you feel that living in Indore limits your opportunities compared to big metros like Mumbai, Delhi, or Bangalore? Don’t worry – there’s plenty you can achieve! Here are some low-cost, high-return business ideas in Indore to help you get started!
Indore is emerging as one of India’s most promising cities for economic growth. According to an IBEF report, Madhya Pradesh’s GSDP has seen exponential growth and is projected to continue rising in the future.
Indore is an educational hub, home to prestigious institutions like the Indian Institute of Management (IIM) and the Indian Institute of Technology (IIT).
The city boasts a well-developed transport system, including the Indore Bus Rapid Transit System (BRTS) and the Super Corridor.
These features make Indore a city brimming with business opportunities for forward-thinking entrepreneurs. It supports the growth of businesses in sectors such as education, food and beverages, transportation, health and fitness, and many more.
Innovative Business Ideas for Indore
1. Snack and Meal Center
Food is always in demand, especially with the increasing number of startups and educational institutions in Indore. A food business can thrive in this environment.
However, having just a local outdoor eatery isn’t enough. You should partner with food aggregators and establish an online presence. Setting up your eatery with an online platform like Grocito can give you a competitive edge.
2. Motor Rewinding Service Workshop
If you have a knack for technical work, consider starting an electric motor rewinding workshop with some basic tools and machinery. If you lack experience, you can hire a motor rewinding expert.
Using Grocito as your online platform, you can make your services easily accessible to customers. They can book your services online, and you can also offer home visits to earn extra income.
3. Beauty Salon
Indore is an excellent city for a beauty salon to flourish. To attract bookings, it’s essential to stand out. Using an online store app can help you advertise your services effectively.
4. Car and Two-Wheeler Wash Service
Car and two-wheeler washing is a low-investment, high-profit business. With just a powerful pressure washer, a steady water supply, and detergent, you can get started.
Register your services online with local directories and use an app to manage bookings and payments. You can also offer discounts for repeat customers through an online store app.
5. Stationery Store
Stationery is one of the fastest-selling items after food, especially in a city like Indore with its large student and corporate population.
You don’t need much space to set up a stationery store – a 10-foot by 10-foot room in a commercial area will suffice. The farther you are from the main road, the lower the rent will be.
6. Woodworking Shop
Indore’s woodworking industry is thriving, and you can become a respected woodworker by starting your own woodworking shop. You can take orders for custom furniture or sell beautiful handmade wooden ornaments and artifacts. However, don’t limit yourself to just a physical store.
Create an online woodworking store to showcase your best creations. Include images of your finest work to attract potential customers who will be eager to own your pieces.
7. Data Processing Center
With the recent real estate boom in Indore, there’s significant demand for data processing services. Legal documents need to be prepared for property sales, and government stamp paper must be converted into official sale deeds.
Students from IIMs and IITs also require assistance with processing term papers and theses. Rent a space in a prominent location, equip it with a few desktop computers, printers, and photocopiers, and you’re ready to start your data processing center!
Lucrative Business Ideas in Indore
8. Online Tutoring Classes
The COVID-19 pandemic brought online coaching classes into the spotlight. Even as the pandemic subsides in many regions, the demand for online coaching remains strong.
To expand your reach and streamline payments, consider using an online app to attract students and manage fees. The advantage of online coaching is that instructors and students don’t need to be physically close to each other.
9. Embroidery and Tailoring Services
While you can set up an embroidery and tailoring center outside, it’s also quite feasible to establish one at home. You’ll need a few sewing machines and one or two embroidery machines.
Today, there are excellent computerized embroidery machines available on the market.
Create some beautiful embroidery samples and photograph them. By registering with an online store, you can showcase these pictures to highlight your products and provide customers with a clear idea of what you offer and their prices.
10. Web Development Services
Web development is a highly profitable field today. If you have the necessary technical skills, you can offer your services to individuals or companies.
If you’re not yet qualified, you can hire skilled professionals to work for you. However, it’s beneficial to take courses in web design and coding to become self-sufficient.
11. Bakery
The COVID-19 pandemic led to a surge in home-baked product entrepreneurs, and even as the pandemic wanes, these businesses continue to flourish. If you have a talent for baking, you can join this growing community!
All you need is a moderately-sized oven, some baking utensils, and an electric whisk.
To gain recognition and sell your products, set up an online store. Post attractive pictures of your baked goods along with their prices.
Customers can easily click on the images, add items to their cart, and make payments through a secure gateway.
12. Videographer
Videography services are always in demand in a city like Indore. If you have basic video shooting skills and equipment, you can start a videography business.
While the initial investment in equipment can be high, the advantage is that you don’t need a fixed location. You only need a space to store your equipment and a place for editing and administrative tasks.
To streamline your business, consider setting up an online store where customers can find you and book your services.
13. Handicrafts
India boasts a rich heritage of handicrafts, but this art form is at risk of fading away.
To help preserve this cultural treasure, consider selling handicrafts in your online store. Partner with local artisans and explore different regions of India to source unique products.
Once you have a good collection, photograph the items and share them on social media platforms like Instagram and Facebook.
By showcasing these beautiful handicrafts online, you can attract more customers and encourage them to add these unique pieces to their carts.
14. Home-cooked Meals
Cooking can be quite challenging, especially with today’s demanding jobs. While there are many restaurants available, most lack the comforting touch of home-cooked meals.
You can start a business providing home-cooked meals to busy employees and families who don’t have the time or desire to cook at home. Gather a selection of great recipes and categorize them by different regions and cuisines, such as Punjabi, South Indian, Thai, Chinese, Italian, and more.
Register with an online store to offer your customers an interactive experience where they can easily order their preferred meals. With a secure payment gateway, customers can pay for their food effortlessly, and all you need to do is ensure your delicious meals are delivered on time!
15. Event Manager
Event management is a specialized field that demands a high level of organization, discipline, and hard work. If you possess these qualities, you have what it takes to be an event manager.
You can start your event management company on a tight budget and gradually expand. A smart approach is to use advance payments from clients to rent the necessary equipment and props for each event.
Focus on organizing weddings, parties, product launches, and corporate meetings in Indore to build your reputation. Establish an online presence by launching a website and using an app to set up an online store for bookings and payments. This will help you streamline your operations and reach more customers.
16. Daycare Center
If you love kids and have a lot of patience, starting a daycare center could be a perfect business for you. The best part is, your customers will come to you!
You’ll need a house or flat with a spacious hall to transform into a daycare center. Invest in some toys, mattresses, and child-friendly furniture. To attract clients, you can distribute flyers in local newspapers or advertise on social media.
17. Cleaning Service
Starting a cleaning service is straightforward since all you need is manpower and some cleaning supplies. Establish an online store to create an online presence for your services.
Once your store is set up, focus on getting orders and fulfilling them. In Indore, you’ll find plenty of people willing to work for you. As your business grows, you can expand your team and offer a variety of cleaning services.
18. Online Cookery Classes
If you have a talent for cooking, you can share your expertise with others and earn money. Promote your services on social media and register with an online store to enhance your reach.
You don’t need much to start this business; simply transform your kitchen into a space for online cookery classes. Use your smartphone with a selfie stick, or invest in a camera and some lighting equipment.
19. Packers and Movers
The packing and moving business will always be in demand. You can launch into this market with a vehicle that you own or rent. To get customers, make flyers and pass them around town. You can even put an ad in some of the local newspapers.
You don’t have to invest a lot of money in this business – you just need some packing material and a vehicle, with a few assistants to do the grunt work.
Give your services better exposure by advertising them through an online app. You can get bookings and receive payments from your satisfied customers through your app.
How can Grocito help you?
Now that you have a business to run or a promising idea from the list provided, you can get help from an online store like Grocito.
Grocito offers a platform where you can add engaging product descriptions and utilize marketing and promotion features through third-party plugins. For instance, you can enhance your store with SEO tools, banners, free business card templates, WhatsApp stories, and marketing messages on social media directly from the app.
Whether you’re setting up a home-based business or a physical store, partnering with an online store app like Grocito eliminates the hassle of constantly searching for customers and chasing payments.
With Grocito, you can manage a virtual shop, receive orders, and sell your products or services seamlessly.
Once you decide on a business, Grocito will help you get started and make your entrepreneurial journey more enjoyable and easier to manage.
So, what are you waiting for? Open your online store with Grocito today!
