50 Business Ideas For 2020
50 Business Ideas For 2020
50 Business Ideas For 2020
Business
Ideas for
2020
Shradha Sharma
Summary
Time and again, we meet so many individuals who want to
become entrepreneurs but don’t exactly know where to start.
People are looking for that one breakthrough idea. But
breakthrough ideas don’t come announced. All of those
breakthrough ideas we now hear about started small.
Entrepreneurs start by looking around and identifying a
problem and then go about building a product or offering a
service as a solution.
It doesn’t matter which stage of your life or career you are in,
we have something that might be suitable for everybody. We
hope you enjoy reading this book as much as we enjoyed
putting it together.
-Gaming license
-VR technology and hardware
REQUIREMENTS
1
VR arcades operate in a similar fashion and take it a step
further by providing a completely immersive experience. Since
it is expensive to buy the technology and hardware that
supports VR, the best alternative is a VR arcade.
1
surveillance purposes, they have now expanded to other
commercial and recreational uses such as product deliveries
and aerial photography. As a drone videographer, aerial
photography and video is what you will be focusing on.
1
the entire conversation in an audio format alone. Industry
leaders, influencers, and other notable personalities invite
their peers on podcasts and talk about relevant topics and
issues. The conversations are fun, spontaneous, and casual.
They are also very endearing and personable.
1
store:
(a) You can set up your own website and sell the products you
source or manufacture. In this case, the entire technology
infrastructure and end-to-end supply chain will be your
responsibility. You need to have a point of sale, payment
gateway, logistics partners, a full-stack web developer, and
other resources required to run a successful e-commerce
store. You will need to take great pictures of your product(s)
and offer a seamless user experience. This does require a lot
of investment of work but it is better than running a brick and
mortar outlet.
(c) You can choose to partner with Amazon as part of its FBA
program. FBA stands for Fulfilled By Amazon. In this case, you
invest in the merchandise and inventory, and store it in
Amazon warehouses and fulfillment centers. When the orders
come in, Amazon ships these products to your customers on
your behalf. In this case, the entire order is handled by
Amazon. You will be able to take advantage of all the
infrastructure that Amazon already has in place. You do not
have to worry about things like driving traffic to your website
or shipping. Amazon charges a small fee for letting you
partner with it as an FBA associate.
-Knowledge of programming
languages
-Interest in tech
REQUIREMENTS
1
there is a lot of excitement around them. If you are a tech
enthusiast who has been curious about AR/VR, this is an area
that you should certainly explore further. This sector is
positioned to undergo explosive growth and you can have a
chance to ride that high tide.
1
medium. Online teaching is becoming extremely popular and
is well on its way to disrupt many traditional methods of
teaching. The online education space is booming at the
moment and anyone who gets into this industry now can
tremendously benefit from this timing.
1
commerce space, setting up a dropshipping business will be
the easiest way to get started.
You can set up your store with the help of Shopify. Once you
have your store up and running, you have to focus on
marketing your store well. This is where you will have to invest
most of your time and money. Set up a blog and write articles
about the products you sell. Set up Facebook and Instagram
pages, and regularly post on these platforms. You can also run
ads on social media. You have to do all you can to make sure
that your online store gets a lot of traffic. This traffic will
convert to sales and contribute to your revenue.
8
Affiliate Marketing
Affiliate marketing remains one of the best ways to make
money online. It allows you to make money by selling other
people’s (or businesses’) products and services. Every time
you make a sale, you get a commission for making the sale
happen.
1
There is the merchant, who creates the product; then the
affiliate (you), who promotes the product; and then the end-
user, who purchases the product. Your job as an affiliate
marketer is to identify the products or services that you would
like to promote to your audience.
-A well-designed website
-Partnership with right vendors
REQUIREMENTS
1
host of products to its customers on a monthly basis. A
subscription box includes a variety of products based on
customer preferences and requirements. This service can be
offered in a wide range of categories. These categories
include makeup and beauty, fitness products, men’s grooming,
pet essentials, groceries, snacks, clothes, or any other
essentials one can think of.
-Basics of programming
-Familiarity with WordPress
REQUIREMENTS
1
languages such as PHP, HTML, CSS, and JavaScript, you
simply have to give this a try.
1
technology has been up to or if you are someone with a
considerable amount of experience in the engineering and
manufacturing space, setting up a 3D printing business is
something you should definitely consider. 3D printing is
positioned to experience explosive growth in the coming
years and you could be a part of that growth story.
1
the food you eat is actually grown or have a keen interest in
farming and agriculture, you can consider setting up and
running your own vertical farm.
1
production in India for the year 2017-2018 stood at 1.05 lakh
metric tons (MTs), compared to 35,000 MTs a decade ago.
Just in the last 12 years, honey production in India has seen a
200 percent increase. And this growth is only heading in the
positive direction. All of this data is a clear indication that the
opportunity in this sector is huge. For anyone willing to get
into this line of work, financial viability is not going to be a
concern.
In order to get into this line of work, you need to be very well
acquainted with honey production, beekeeping, and all other
aspects of running a honey-related business. Government
institutions and expert honey enthusiasts frequently conduct
short-term courses and workshops that are open for anybody
interested in learning more about honey production.
1
opportunity in the manufacturing services segment, this is
something you can consider setting up. If you also happen to
have any experience in the commercial packaging and paper
industry, it will be a huge advantage.
NA NA 49150
If you are someone who always looked for opportunities in
sustainability and eco-friendly sector, manufacturing paper
1
bags is something you should look into. Paper bags are
recyclable and biodegradable. And the whole process of
setting up a paper bag making unit is relatively easy.
You will then have to identify who will be your raw material
supplier. You have to make sure that the supplier you choose
offers high-quality raw materials and is reliable to do business
with. Since the quality of your finished product depends on
the quality of the raw materials used, this aspect is very
important. Superior quality craft paper rolls, glue, ribbons,
and tags are some of the essential raw materials required to
get started. Once that is sorted, you have to identify who will
be the buyer of your finished product.
1
ghost kitchens, are a way for restaurants to pool resources
and reduce the overheads by serving multiple delivery
partners across different areas.
INR 8,00,000-10,00,000
INVESTMENT
Finding the right location for setting up your store will be one
of the factors that determine the success of your business.
Along with favorable lease terms, you will also have to keep
visibility and affordability in mind.
NA NA NA
Women have come to realize that, by staying active during
1
the different stages of pregnancy, they can avoid any health
challenges that one encounters during pregnancy and
childbirth. For this reason, prenatal exercise centers have
become the need of the hour. By setting up a well-equipped
prenatal exercise center, you will be able to help scores of
pregnant women stay active and prepare them for smooth
childbirth that will follow soon after.
NA NA NA
There has been a tremendous increase in demand for cooking
1
classes. People are constantly moving to different cities for
jobs, life events such as marriage, and other reasons. And
when they do so, one of the first things they begin to miss is
home-cooked food. Notwithstanding the convenience of
having food delivered via an app with just a few clicks,
nothing beats the comfort of having a warm home-cooked
meal at the end of the day. In addition to this, exposure to a
variety of cuisines has instilled the desire to experiment with
different dishes at home. More often than not, this option is
also healthy and less expensive than eating out all the time.
You can also tailor your classes as per the skill level of your
students (beginner, intermediate, and advanced). Offering
classes in cuisine that you understand best will be the ideal
way to start such a venture. Some examples include North/
South Indian cooking, Anglo-Indian cooking, baking, coastal
cuisine, Mexican, and Italian. Cooking classes for children is
another up-and-coming area of interest in this category.
-Juicing equipment
-Fresh ingredients
REQUIREMENTS -Relevant permits and licenses
1
are fresh and nutrient-dense. They are made with only natural
ingredients, which boost different aspects of one’s health.
Cold-pressed juices have no added sugar, preservatives, or
artificial flavors or colors. For this reason, they have become
particularly popular among those who are health conscious
and among those who lead extremely busy lives. Most people
consume cold-pressed juices as an alternative to a meal or as
a snack or go on a complete juice cleanse diet.
1
Most of the families that have pets do not want to leave them
unattended when they go to work. Pet daycare is an excellent
option where their pets receive the same love, care, and
attention. Pet daycare and pet grooming businesses can be
run together or as standalone services.
A clean and safe environment for both the pets and your staff
is extremely important. Most of your initial investment will go
toward getting the space right. A good social media presence
will help build brand awareness and also bring additional
business.
Consultation and
Coaching
We particularly enjoyed putting this together. Consulting is so
versatile and also one of the easiest categories to set up a
business in. You can start a consulting business with minimum
or no investment at all. You can offer consulting services for
almost any business under the sun. When you are an expert in
any particular area, you will always find someone who is
willing to hire your consulting services to address some of
their pressing issues. People pay you for your knowledge and
sound advice.
1
energy flow of a building or a facility, both commercial and
residential, and offering a thorough analysis of how the
consumption of energy can be reduced in order to save
energy costs and optimize energy flow. As an energy auditor,
your job is to conduct the necessary surveys and
examinations to aid the aforementioned process.
1
exist a decade ago. And the jobs available today might not
exist a decade from now. As long as people need jobs, they
also need help finding them. If you are someone who enjoys
helping people achieve their goals and has a good sense of
what is happening in the job market, then working as a career
coach is something you might want to consider. Different
industries are going through a massive overhaul; amid this
overwhelm and chaos, you can guide your clients and help
them discover the right career path.
1
should certainly look into image consulting as a career option.
Image consulting is one of those careers where your
everyday work activities can be extremely gratifying.
The demand for being able to speak, read, and write fluent
English is relatively high in tier I and tier II cities. You can
conduct online classes and teach students from these
locations as well.
REQUIREMENTS
NA NA 19,970
If you are someone who is fond of cleaning up spaces or
straighten up homes and constantly undertaking a
decluttering project, this is your calling.
You can start by telling your friends and family that you are
willing to undertake such projects. Once you have a chance to
work with a few clients, you can share the before and after
pictures on social media outlets. You can also include
testimonials from your clients because happy clients always
lead to more business. You can also film the entire process
and share snippets of those clips on social media. This will
increase your visibility significantly.
1
seamlessly integrated into major chat applications such as
Facebook Messenger, WhatsApp, WeChat, Slack, and so on.
Or they can be housed as standalone applications. They
mimic regular human conversations and offer a seamless user
experience to customers at multiple digital touchpoints. From
small businesses to large established corporations,
everybody uses chatbots for business functions.
1
enjoys helping people achieve their health and fitness goals,
becoming a nutrition coach can be a very lucrative option.
1
efforts. An SEO consultant develops the right strategies for a
business to help it rank favorably on a search engine result
page. If you are a marketing enthusiast who is willing to learn
more about SEO, you should consider looking into this
opportunity.
1
scenario. It involves working with clients on business strategy,
growth strategy, increasing sales, team conflict, management
issues, and any other problems that fall under the broad
category of business challenges. If you are someone who has
a few years of experience in handling such issues and
successfully solving them, there are many businesses out
there who would be willing to hire you for help. Business
consulting is a growing sector that offers a lot of flexibility to
work on your own terms. Getting a chance to solve important
business problems can be a very gratifying experience.
NA
INVESTMENT
NA NA 1,10,000
If you are someone with a spare property that can be
converted into a hostel or if you are willing to rent a space
and convert it into a hostel, this is a good opportunity to
consider. Travel hostel businesses are particularly popular in
metro cities and other parts of the country that offer a host of
different tourist attractions.
1
food, and thoroughly enjoys feeding other people, you should
look at setting up a food truck business. Even if you had the
slightest interest in getting into the food business, a food
truck might be a good place to start.
NA
INVESTMENT
NA 70% 5,21,600
If you are someone who owns a property with a spare room,
or if you would like to host a guest for a day or two or if you
have a secondary property like a farmhouse or a vacation
home, you can list these options on Airbnb and start hosting
guests.
When people make travel plans, one of the first things they
do is look for Airbnb options in the place they are traveling
to. That is how synonymous the brand has become with the
travel and hospitality sector. This is especially true in the case
of millennial travelers, who travel frequently and with modest
budgets.
-Relevant permissions
-Certification for certain activities
REQUIREMENTS
Anyone can pick one of these areas in the services sector and
start a business. Because of the huge opportunity that exists
in the services sector, it is also the most favorable sector to
set up a venture in. You can even pick everyday mundane
activities and offer that as a business service. Repairing
someone’s cell phone or teaching an elderly person how to
use the internet, for example, has the potential to become a
fully established business.
We have put together a list of ideas that can help you become
an entrepreneur in the services sector. We hope you find this
list useful and also find something that appeals to you in this
category.
39
Sustainable Landscaping
Sustainable landscaping is a contemporary method of
gardening and landscaping that takes an environment-friendly
approach to add green patches to your spaces. Sustainable
landscapes are designed to thrive with as few resources as
possible. These landscapes are eco-friendly because there is
no use of harmful chemicals, pesticides, fertilizers, or any
other ingredients that might harm the environment.
1
eco-friendly approach; after all, plants qualify as eco-
something, right? That is not always the case. Traditional
gardening and landscaping do look nice but use a lot of
chemicals, pesticides, and extra water for survival and
maintenance.
1
great-quality videos are the most sought-after talent. If you
are someone who has always admired video content creators,
is passionate about storytelling, and loves using a camera to
tell those stories, you should definitely consider getting into
the business of video making.
You also need to know how to edit the videos well. You should
be able to take the raw footage and transform it into
something that looks sophisticated. Color correction, noise
reduction, audio quality, and other aspects are addressed
during the editing phase.
1
you have a great voice, you should consider pursuing a career
as a voice-over talent. The primary requirement for a voice
over talent is a good voice, of course, along with the ability to
read the given script with the right tone, clarity, depth, and
emotion.
1
and social media, and are an overall fan of the internet, you
should most certainly pursue a career in content development.
Content development will remain evergreen and will only
continue to grow in demand. The possibilities in this field are
infinite.
1
in the renewable energy space, you should consider becoming
a solar contractor. The Government of India has set an
ambitious goal of generating 100 GW of solar power by 2022
and you can play a small role in making this happen.
1
enjoyed learning new languages, and is already fluent in a
foreign language, you should definitely consider making a
career in language translation. In addition to a foreign
language, if you are also fluent in English and the local
language(s) spoken in India (including your mother tongue),
you will have an edge over the competition.
1
openings in buildings to prevent the entry of pests. Most
common pests such as cockroaches, ants, lizards, spiders,
termites, rodents, bed bugs, and mosquitoes are covered
under pest control. Pest control services are provided for
homes, offices, schools, warehouses, factories, residential and
commercial complexes, hospitals, and other facilities.
Fumigation is a method of pest control where pesticide gas is
released into the air to kill and eliminate pests.
1
and social media, and are an overall fan of the internet, you
should most certainly pursue a career in content development.
Content development will remain evergreen and will only
continue to grow in demand. The possibilities in this field are
infinite.
1
empathy, and compassion. If you are someone who has these
qualities, you should certainly consider setting up a business
that provides all kinds of senior services. There is a great
demand for businesses that offer quality services but there is
an acute shortage of them in the market. By setting up a full-
fledged senior services business, you will be able to bridge
this gap.
1
wash, repair, and maintenance service. If you are someone
who has always been passionate about shoes and takes a
nerdy approach to how shoes need to be taken care of, then
this is your calling. Currently, this industry is just in the
budding stage with the potential of becoming extremely
lucrative.
NA NA 12,530
If you are a technology enthusiast who understands gadgets
1
extremely well, you should consider getting into the business
of smartphone repair services. On the technology hardware
front, smartphone repair services have been one of the
fastest-growing categories.
NA NA 1,10,950
If you are someone who is extremely passionate about driving
1
and has championed for road safety, you may want to
consider setting up a driving school to teach people how to
drive well and also to spread awareness about driving safely.
There are close to 1.1 crore drivers added to the roads every
year and all of them need good quality training and better
road safety education. Therefore, the scope for growth is
tremendous.