Mumbai which is also known as 'Sapno ka shaha' (dream city) is both the commercial and financial capital of India. It is one of the Richest cities in India, and the best place to start any type of business like small-scale business, home-based business, manufacturing business, food business, franchise business, shop, and wholesale business. Here, we will see some best Small Business Ideas in Mumbai with low investment or zero investment. which help you to choose the most profitable business to start in Mumbai in 2024.
As we know Mumbai is a hub of Bollywood, and it is also known for its fashion. That's the reason this city attracts lots of people from various age groups. Simultaneously, the city also attracts lots of entrepreneurial-minded people.
As technology has emerged, it has helped lots of sectors, Start-ups also reach large people with the help of technology. Additionally, entrepreneurs also get Credit support from various banking and nonbanking financial sectors. If you want to start your entrepreneurial journey in Mumbai, here are the top ten new small business ideas that you can easily start in Mumbai.
Table of Contents
- Business Ideas to Start in Mumbai With Low Investment
- Acting skills
- Dance and Choreography School
- Modeling Agency
- Ola/Uber Partner
- Organic food
- Event Management Company
- Security Agency
- Custom gift shop
- Real Estate consultant
- Dance Coach
- Chatbot services
- DJ Services
- Event Organizing
- Pregnant women exercise class
- Interior designer
- Antique business
- Coffee or tea business
- Business ideas that start from home
- Business Ideas in Mumbai Without Investment
- 10 Part Time Business Ideas
- Best 10 Online Business Ideas
- Best 10 Most Profitable Business Ideas
- Big 10 Investment Business Ideas
- Top 8 Retail Business Ideas
- Top 10 Wholesale Business Ideas
- Conclusion
Business Ideas to Start in Mumbai With Low Investment
Here are some of the best ideas in Mumbai that flourish courtesy of the growing demand for such services and products.
Acting skills
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Acting is one of the promising career paths for numerous individuals who come to Mumbai to become an actor. There are lots of people who come to Mumbai to become successful Bollywood celebrities, or for acting.
Mumbai is very famous for its Hindi film and television. Here lots of newcomers come to learn acting and become actors. It is one of the main for many people come to Mumbai. It is not a very new business idea in Mumbai but a very successful and highly demanding idea.
Dance and Choreography School
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If you are looking for small business ideas in Mumbai starting a dancing school is one of the best business ideas. As we mentioned earlier, Mumbai is a hub for the actor and lots of people come here to become successful actors. To become a successful actor, dancing is one of the important skills to succeed in the industry. Dancing is one of the important skills which gives lots of opportunities in the entertainment industry.
Starting a dance school is one of the best business ideas, you can start this business with a very minimal cost and earn good money. If you have good skills then you can also take projects from Bollywood.
Modeling Agency
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As we know, Mumbai is one of the largest entertainment industries. There are lots of youngsters who come to Mumbai to become part of the industry and Modelling is one of the best professions in this city. If you are good at communication and networking with people you can easily set up a modeling agency at a very low investment.
Ola/Uber Partner
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Taxis and cab services are highly in demand and essential for many individuals traveling within Mumbai. Whether you have an appointment or need to reach your destination quickly, using a cab or Ola service is one of the efficient solutions.
If you have a car or you can buy a car then with the partnership of Ola/uber you can easily start your business. By connecting them you can easily earn a good amount.
Organic food
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Organic food has become increasingly popular as more people become aware related to their health risks associated with pesticides and insecticides commonly used in conventional farming practices. In Mumbai, particularly organic food has garnered a significant market share as lots of people here belong to the upper middle class.
As Mumbai is a place where lots of celebrities and business tycoons, live and demand organic food. So starting organic food is one of the best business opportunities. To start this business you can collaborate with some local organic farm, and easily set up your online organic food store.
Event Management Company
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Event management stands as one of the most demanded business ideas in Mumbai. From Weddings, Birthdays, parties, festivities, or any special events the need for event managers is increasing.
There are lots of celebrities living in Mumbai who give birthdays and dinner parties. Due to that, they hire a good event management team to plan their parties. You can easily find high-profile celebrity clients and establish a good team for your event Management Company.
Security Agency
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Mumbai is Considered one of the safest cities in the country, but the importance of additional security cannot be overlooked. Consequently, there is always a consistent demand for security services and personnel. Starting a security and bouncer service business by hiring a team of qualified people who can work as professional security guards, bouncers, personal bodyguards, etc.
Custom gift shop
A custom gift shop is a unique business opportunity in India. People love personalized gifts that help them stand out. You can start a small shop offering customized items tailored to your clients' needs. Popular items to personalize include mugs, notebooks, pens, T-shirts, gift cards, and photo albums.
Real Estate consultant
Another excellent idea is to enter the real estate business, particularly if you're well-acquainted with the area you live in. You can provide real estate consultancy services to clients, assisting them in finding the perfect property, and charge a fee for your expertise.
Dance Coach
Dance is a popular passion, and you can turn it into a business by taking dance classes and becoming an instructor. This venture is highly profitable, and the initial investment required is minimal.
Chatbot services
If you have strong technical skills, starting a chatbot business could be a great option. It requires minimal capital to begin. Simply identify local businesses that could benefit from chatbots and offer your services.
DJ Services
If you have a good ear for music, becoming a DJ could be a great fit for you. With a few skills and tricks, you can easily find local events that need a DJ.
Event Organizing
The event organizing industry is rapidly growing. If you have a creative mind, consider becoming an event organizer for occasions like birthday parties, weddings, and more.
Pregnant women exercise class
This is a profitable venture for many, though it requires proper training to succeed. Additionally, having space to set up the business will be essential.
Interior designer
If you have a background in architecture, interior design is an ideal field for you. All it takes is a creative mindset.
Antique business
If you have a background in architecture, interior design is an ideal fit for you. All you need is a creative mind to succeed in this field.
Coffee or tea business
The tea and coffee business is thriving. Find a suitable space, add the necessary furniture, and you're all set to start.
Business ideas that start from home
There are lots of people who don’t want to go outside for different reasons, especially women but you don’t have to worry here. We can see some best business ideas that we can easily start from home.
Photography Studio
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There are several businesses related to the entertainment industry that thrive in Mumbai. Setting up a photography studio is a small business idea in Mumbai but it plays a very crucial role in every industry such as shooting still photos for films, making a portfolio, model photography, and more. Apart from this, you can also go for photoshoots at parties, weddings, newspapers, or other events.
Home-Cooked Food Delivery
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This will be the best food business ideas in Mumbai for ladies. The concept of “dabbawalla” in Mumbai is widely recognised especially after the film 'The Lunchbox'.
Among millions of working-class individuals in the city, There are lots of people who come here for jobs and miss their homemade food. So, if you love to cook food and provide cooking services then you can easily start this business at your home and provide the best homemade foods to your customers.
Drop shipping Business
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Looking for a warehouse in a densely populated city is one of the extremely challenging tasks. That's the reason Dropshipping businesses are one of the popular business ideas in Mumbai. You can easily start an online drop ship venture by creating an e-commerce store on Fynd or Shopify.
As a drop shipper, you have the flexibility to sell a diverse range of products without the burden of storing them or paying for warehousing. It is one of the most affordable and best business ideas in Mumbai.
Packing Services
You can start a trousseau and gift packing business from home. The internet is full of creative ideas to inspire you. If you're new to it, consider getting professional training to enhance your skills.
Coaching classes
In India, parents are constantly seeking private tutors for their children. With just some furniture, books, and a whiteboard, you can set up your tutoring space. Additionally, using the internet, you can also offer online tutoring while researching various topics.
Fashion Boutique
If you have a keen sense of fashion, you can start your own boutique. Hiring a skilled tailor will allow you to offer customized designs tailored to your clients' preferences.
Bakery
A bakery is a great home-based business idea. You can bake delicious treats like muffins and distribute them to local stores in your area.
Ice cream stand
This is another profitable business you can run from home. Set up a variety of flavors to attract a wider audience and increase your sales.
Home food delivery
Many people crave homemade food while at work. Why not start cooking delicious meals at home and offering delivery services to local businesses?
Digital Marketing services
In today's world, businesses need a strong online presence to thrive. You can assist companies in marketing their products online, all from the comfort of your home using your computer.
Currency trading
If you're skilled with numbers, currency trading could be a lucrative opportunity. Keep in mind, though, that it demands long hours and comes with considerable risks.
Daycare business
You may be surprised to know that many parents in your area are searching for reliable daycares. You can meet this demand by starting a daycare in your neighborhood. You'll need a spacious, functional area with plenty of room for children to play.
Makeup business
The beauty industry is rapidly growing and is popular with both men and women. This home-based business idea is a sure way to succeed.
Business Ideas in Mumbai Without Investment
There are lots of people who want to start their entrepreneurial journey but due to capital, they can't start their entrepreneurial journey. There are lots of business ideas that we can start with zero investment.
Affiliate Marketing
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In affiliate marketing, you have to just Promote other's products and services and earn commissions for every sale or lead that is generated through your referral links.
Collaborate with businesses that you like and promote their products to your audience, It is a very simple and zero-investment business idea in Mumbai.
Home Cleaning
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Starting a Home cleaning service is a zero-investment business idea in Mumbai. In this business, you have to offer cleaning services to busy residents and business workspace. Help them to maintain their place clean.
10 Part Time Business Ideas
Start your blog
Blogging is an enjoyable way to earn money part-time. You can create a blog and write engaging content on topics like travel, leisure, education, and more that captivate your audience. Find a reliable web hosting company to get your website up and running.
Web Design
Technology is essential to many businesses today. By starting a web design venture, you can create user-friendly websites. Utilize online resources to enhance your web design skills.
EBooks
If you have expertise in cooking, writing, teaching, or technology, you can compile your knowledge into an eBook and sell it online. Build an audience over time, and you might even land a lucrative publishing deal.
Phone cases business
The phone case business is an excellent side hustle. You can sell your products at trade shows, online marketplaces, parties, and other events. It requires minimal capital to get started.
Virtual Assistant
If you're highly organized, consider working as a virtual assistant on platforms like Upwork or Elance. You can comfortably take on this job in your spare time, allowing you to expand your professional skills.
Social Media Manager
If you're spending a significant amount of time on Facebook, Twitter, and Instagram, becoming a social media manager could turn that time into profit. You can help startups boost their social media presence to drive online sales. As you gain more experience, you can explore advanced strategies like Facebook ad campaigns.
Travel consultant
Travel consulting is another promising business idea. Start by getting recommendations from people you know or marketing your services online. Over time, you'll build a reputation, and clients will rely on you to find the best travel destinations.
Baby Sitter
Babysitting can be a great way to earn extra cash. If you're working during the weekdays, you can offer babysitting services to help parents with busy schedules.
Online dating consultant
Becoming an online dating consultant is a great way to make extra money. Create a website, match singles online, and earn through your services.
Wedding photography
Weddings are a constant in India due to the strong tradition of marriage. Passionate photographers can turn wedding photography into a side hustle, helping newlyweds capture the memories of their special day.
Best 10 Online Business Ideas
Build apps
Smartphones are becoming more popular worldwide, with many apps available for both Apple iOS and Android. You can develop an app and start earning a steady income as it attracts more users.
Forex trading
Many people shy away from Forex trading due to its perceived risks. However, with proper training, you can succeed and earn significant profits. Platforms like eToro allow you to trade stocks, CFDs, and crypto assets with ease.
Professional freelancer
As a freelancer, you can work with many clients online. Websites like Upwork offer jobs in areas like writing, programming, web design, and data entry. Learn how to apply for jobs, write good proposals, and get hired for different projects.
WordPress themes
Creating WordPress themes is another exciting way to earn money, especially if you're skilled in web design and HTML coding. You can sell your themes on online platforms like ThemeForest or TemplateMonster and generate a lucrative income.
Selling photos
If you have a talent for photography, selling photos online can be a profitable venture. Capture unique images and upload them to stock photo websites to earn income.
Youtube videos
Videos are engaging and fun to watch. You can earn money online by creating content on interesting topics. There's no need for an expensive camera—your smartphone is enough to get started.
SEO marketing
SEO marketing involves improving website rankings on major search engines like Google. While it can be challenging, learning advanced tips and strategies can help you succeed.
Copywriting
This skill involves crafting words strategically to motivate people to take action. You can apply it in sales, blog content, or email marketing to earn money.
Skype coaching
Skype coaching requires just one thing—a skill. You can offer coaching in areas like life, travel, health, or dating.
Podcasts
You can also earn money online by creating podcasts. This not only helps you build trust with your audience but also boosts the sales of products you're offering.
Best 10 Most Profitable Business Ideas
Wedding photography
Let us help you remember your wedding day with our professional photography. We take beautiful photos that tell the story of your love. We pay close attention to every detail to make sure all the special moments are captured for you to keep forever. Let us turn your wedding day into memories you'll treasure for a lifetime.
Catering services
A catering business is easy to start and can be run from home. Clients are willing to pay well if you put in hard work, stay resilient, and deliver quality services as promised.
Mobile Hairdresser
The hairdressing business is low-cost and easy to start. You can carry your tools with you, looking for customers as you go. Promoting yourself online will help you attract more clients.
Online tutoring
This is a great way to make money. All you need is your talent to start earning. You can teach piano, offer lessons, or give web design classes, depending on what you're good at.
Logo designs
If you're skilled at designing logos, this can be a very profitable business for you. You can start it online, but keep in mind that it's a competitive field, so you'll need to stand out with exceptional work.
IT support business
An IT support business requires a background in IT. By offering IT services to companies, you can earn money. However, you'll need to market yourself online to attract clients.
Recruitment business
Many job seekers struggle to find employment, which creates a great opportunity for profit. Starting a recruitment firm allows you to connect employers with employees and earn money. While the startup cost is low, you need strong expertise in this field to succeed.
Retail business
A retail business is a great idea. In this venture, you buy products from wholesalers at a lower price and sell them online or through recommendations.
Smartphone sales
Almost everyone uses a smartphone today. With a good understanding of this market, you can start a highly profitable smartphone shop or repair service.
Boutiques
Boutiques can be highly profitable due to women's constant desire to enhance their beauty. Creating custom-made jewelry, shoes, clothes, belts, candles, and cards can help you earn significant profits.
Big 10 Investment Business Ideas
Book keeping services
Bookkeeping is a great business idea. Using online invoicing tools, you can provide services like preparing income statements and balancing sheets.
Affiliate Marketing
Affiliate marketing lets you earn money by promoting products or services for businesses. The more sales you drive, the greater your profits.
Internet Security Consultant
With the rise of scammers threatening businesses, protecting sensitive data has become crucial. If you have IT skills, you can start working as an internet consultant, offering expert advice to businesses on how to secure their data.
Graphic Designer
Companies always strive for strong branding to gain recognition from customers. With the help of computer applications, you can pursue a career in graphic design, creating flyers, magazines, newsletters, and more for businesses, especially startups.
Desktop Publishing
Using publishing software, you can start a desktop publishing business. This allows you to create magazines, books, newsletters, and other marketing materials. You can even hire content writers and editors to improve your efficiency.
Tax consulting
Many companies today hire tax consultants to avoid disrupting their daily operations. To start a tax consulting franchise, you may need to take some courses and training to provide the best services.
Translator
Translation services are in high demand, especially if you're fluent in multiple languages. You could earn over $40,000 a year, and large companies may even hire you on a contractual basis for translation services.
Cloud hosting services
If you have the knowledge and capital, you can start a cloud hosting service that will attract small businesses, as the initial server requirements are low, and you can earn income from it.
Health club
Health is essential for a fulfilling life, and many people prioritize fitness to stay healthy. Starting a health club can therefore be a highly successful venture.
Toy shop
Children's love for toys is timeless, making a toy shop a great business idea. You can further enhance your business by offering customized toys to meet the unique needs of each child.
Top 8 Retail Business Ideas
Hardware store
Hardware stores are highly profitable in India. By stocking a wide range of products, you can attract more customers. The initial capital required for this venture is relatively moderate.
Leather store
Leather is highly valued for its durability, making it a popular choice. You can stock your store with a variety of leather products, such as shoes, handbags, schoolbags, wallets, and more.
Organic food store
With the rise of health concerns like cancer, more people are turning to organic foods. The organic food market is growing rapidly, and it can be a highly profitable venture as long as you provide quality products.
Bookstore
A bookstore is another retail business that requires moderate capital to start. In addition to books, you can also offer stationery items like pens, sharpeners, diaries, calendars, and more.
Eye Accessories
With experience in eye care, you can open an eye accessories store offering trendy frames, advanced lenses, and sunglasses. If you're new to the business, consider starting with a franchise for support and guidance.
Microbrewery Pub
A microbrewery pub produces beer on a small scale. You can sell your products to local pubs and small venues in your area.
Diagnostic Centers
India is renowned for its strength in the pharmaceutical industry, and diagnostic centers offer a profitable business opportunity. You can start one as a franchise, as they typically require significant capital for establishment.
Yoga studio
As people increasingly recognize the wellness and health benefits of yoga, starting a yoga studio presents a great opportunity for aspiring entrepreneurs.
Top 10 Wholesale Business Ideas
Fishery
The growth of the fishery market is undeniable. Profitable products for investors to distribute include fresh fish, canned fish, fish pickles, and more.
Glass
Glass is a necessity in many aspects of life. Starting a glassware wholesale business could be the key to your entrepreneurial success.
Health care and Beauty
The healthcare and beauty industry is growing at an annual rate of 15%. You can tap into this market by distributing personal care and healthcare products, paving your way to profits.
Manufacturing and Machinery
Distributing machines can be a profitable business, but starting your own manufacturing plant, such as a leather processing or food processing plant, offers even greater potential for lucrative profits.
Office Products
With more people opening new offices every day, distributing office products can be a profitable venture. Fast-moving items include pens, notebooks, and file folders, which offer good margins.
Kitchen Utensils
Kitchen utensils are essential in every home. By investing in ready-made machinery, you can produce and sell affordable items such as knives, pots, and spoons.
Snack distribution business
Indians love snacks, making the snack distribution business a great choice. Wholesalers buy snacks in bulk from large kitchens, repackage them, and sell them to retail stores.
Jewellery distribution business
You can start small by selling imitation jewelry, which requires a low investment. Selling to high-end customers, however, may be more expensive, as it involves premium products made of gems, diamonds, or gold.
Furniture business
With the growing demand for high-quality furniture that complements interior spaces, you can meet this need by distributing furniture that caters to both rural and urban areas.
Conclusion
These are some of the best business ideas in Mumbai, apart from this you can also go for some new business ideas in Mumbai. The best part is you can start your business in Mumbai with a minimal fund. With the help of technology, you can also easily promote your business.