Hassle-Free Business to Start with 10k in 2023
Who wants to work in a 9-6 environment with strict rules under a boss? No one is right. Obviously, everyone wants to achieve what they dreamed of in childhood, of becoming the boss of their own business. Business to Start with 10k is not as easy as it sounds.
It requires a lot of work, dedication, and money. But the good news is that there are many businesses that you can start with your 10k Business Ideas budget. In this article, let’s take a look at some of the most profitable businesses to start with 10k.
Wondering what business, I can start with 10,000. Worry not! We have listed and explained a few of the best online businesses to start with 10k in 2023.
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Buying a Franchise
You can buy a franchise in a well-known company and use the opportunity to learn about the industry, before deciding on whether or not to start your own business. Many such businesses also offer free training programs for new entrepreneurs.
Well-research on the industry’s ups and down and the company’s the profit/loss margin are very important before you decide which franchise to buy. It’s always better to buy a franchise that’s related to your own business dream, which you can start later after gaining some experience.
Franchise buying will cost you somewhere from 10000 to 5 Crore (start with a small franchise)
The most popular one is starting a blog. According to Forbes, there are 10+ million people working in the internet industry. You don’t need to have any marketing experience, just a little bit of creativity and you’re good to go.
Blogging has never been easier than it is today and anyone who wants to start their own blog can do it for free through platforms such as WordPress and Blogger. But you’ll have to work for it.
You can start with a blog and see if people are interested in reading what you have to say before investing time and money into building an online business that generates income for you.
- Opening or creating a new blog will cost you as low as 5k (themes, plug-in, and designing).
Online teaching or tuition for kids
No doubt that education has becomes a very important, yet profitable business now. If you are good at teaching and have some subject matter expertise, it’s a great idea to start online tuition services.
All that you need is a channel like YouTube. Initially, you can start with a free channel. And as the strength grows, you can get paid promotions to attract more students and expand your business. You can also hire other SMEs to expand your covered subject areas.
Dropshipping is one more small-scale 10k business idea that is undoubtedly attracting many youngsters nowadays. Dropshipping is a popular e-commerce business model that allows entrepreneurs to sell products without the need for a physical store. Companies use it to reduce overhead costs and have more flexibility with their products.
All you need to do is create an appealing online store, hire a professional site designer, contact some of the business vendors whose products you want to promote and sell on your site, and then you are done. Yes, you might have to spend a little amount on the promotions or marketing part, but that will be worth doing.
Handmade Candles Business
Uniquely designed and aromatic candles are always in trend. There is always a great responding market for candles both domestically and internationally. You can easily open a scented candle-making business with some basic raw materials like wax, wick, moulds, fragrance oils, and other raw materials.
Along with this, you might need some good quality tools like oven, thermometer, pouring pot, melting pot, weighing machine, etc to customize the candles.
Your scented candles can be sold to millions of households, handicraft shops, spa and massage facilities, and home design showrooms. With a starting capital of just 10k, candle-making has the potential to be one of the most lucrative small-scale business ideas.
Small refreshment shop
Tea, coffee, and other eatables are the most basic needs in India, or in any other country. With a budget of 5k-6k, you can rent a small place and another 3-4 k for your basic ingredients to start your services. Having a strong tea/coffee along with some delicious savory will never go out of fashion let it be any season.
You can start with just beverages, sandwiches, boiled eggs, omelets, and rolls. Gradually, you can increase your menu items to breakfasts and small meals. It will not cost you more to start this business, all you need is a place and basic utensils and you can be the cook.
During the pandemic times, we have seen a lot of new baking experts emerging with their new flavors and experiments. Yes, baking of cakes, cookies, and pastries is another passionate and great online business to start with 10k. One doesn’t need an immediate physical store to bake and sell cakes and cookies.
All you can do is open an online bakery/store. List out your expert flavors of cakes and cookies, be flexible with prices in the beginning, and take customized orders. Don’t accept any huge orders at the beginning that might need more investment blindly.
Pay attention while starting a Business to Start with 10k
Hire a freelancer to design your store accordingly and list your business in the “Local business” of Google, mentioning all the necessary information like your menu, prices, business open hours, contact details, and your specialties that makes you stand out from other bakers. Then you are ready to start with your dream baking company.
Don’t forget to give away some free items to your friends and relatives at the beginning stage, so that they can spread the word about your business to others, which will help you attract and grow your customer database. Word of mouth is the biggest strategy in any business.
Money in your pocket doesn’t really matter now, what counts is your unique ideas and thoughts. Every business tycoon now was once a beginner in small-scale business. Therefore, establish your business today with your specific budget requirements, not just huge dreams. Hope you liked our 10k business ideas and Business to Start with 10k that are trending in 2022-23.
These businesses are great for people who don’t have enough funds to start their own business and want to learn about how to conduct a business successfully.