Earning 1 lakh per month is not too hard nowadays. Even many people make 1 lakh per day. To achieve this target you need a set of skills and a bunch of ideas to start your journey to become the next entrepreneur. In this article, I will suggest to you some business ideas to start with a high potential to earn 1 lakh per month.
Earn 1 Lakh Per Month
Some of these listed businesses are underrated. People take them as a low-grade business and think they are not beneficial enough.
I don’t know why they think like this if your aim is just to make money. If your real objective is to make money then whatever possible is good to start, no matter how small it is. Don’t try to overshoot in the beginning. These are all the business ideas that are great to start. Some of them are with investment, others without investment.
Related: Ultimate Guide To Earn 1000 Rupees Online Per Day
Businesses are ways to earn 1 lakh per month. Not any job can help you to reach this point of earning 1 lakh per month unless you are an IITian. I have not explained every business incomplete detail, you can check on Google for more. I still tried to explain to some extent.
Business Ideas To Earn 1 Lakh Per Month
#1: Food Truck: earn 1 lakh rupees per month
The food truck business is becoming very popular among young entrepreneurs. This is an on-wheel restaurant, you don’t need to own a property for building your restaurant, hence you saved some money.
The food truck is an investment business, you need to invest in something to start this. So, buy a truck and start your food truck business. For this, you need a Vehicle license and written document signed by a municipal body.
Requirement for truck Business.
|Requirement||Vehicle (Truck), Driving License, FSSAI Licence|
|Equipements||Stoves, Utensils, Cooking Vessels, other raw materials, etc.|
|Truck Cost||Minimum 8 to 10 Lakhs and go up to 20 lakhs fully equipped.|
|Location||You can sell anywhere, but for one stable place, you need to get permission from the authority.|
|Staff||You need chefs and 1 to 2 servants.|
|Earning||More than 1 lakhs per month.|
You can easily earn 1 lakh per month with this kind of business after some settlements. But you need to make the investment first with the food truck business. Providing every kind of catering service you can generate a sale up to 30000 per day. And your monthly earnings can go up to 2 lakh per month even more.
This business is quite successful in western countries. Also in India, it has a high potential of growing as the government also allows this kind of business in India. Hyderabad and Mumbai already have these kinds of food trucks that are booming. It totally depends on your sales. The food truck business also has the capability to earn 1 lakh per day.
Learn more about Food Truck Business: Food Truck Business Guide
Start You Hair Salon: Great Way to earn 1 lakh per month
Until the people’s hair stops growing, this business never ends. No one likes to look ugly. Their hair and face enhance their beauty. So how can they stop caring for them?
Everyone can start this business with a low investment. But they have to learn how to perform beauty treatments and cut their hair. For this requirement a Barber and License are necessary. Salon demands skills and passion. If you are really interested in this business and have a passion for this. This will be the best business in your life.
These are the services provided by Salons-
- Hair-cutting, coloring, and styling
- Waxing and other forms of hair removal
- Nail treatments
- Facials and skincare treatments
- Other Complementary care such as Aromatherapy
You don’t need to be an expert in every one of these. Focus on one thing in the beginning, as you grow then start adding more services into your salon business. This is a little expensive business to start, but returns are great. You can easily earn 1 lakh per month with a salon.
Requirement for Hair Salon Business
|Investment||INR 2 lakhs to 5 lakhs.|
|Requirement||Barber License (haircutting only), Cosmetology License (for more beauty treatments)|
|Other Hair Salon Equipment and Supplies||Salon chairs, Mirrors, Shampoo Bowls, Dryers, scissors, Razors, Electric Styling Tools, Towels, Haircutting capes, Brushes, Combs, Spray Bottles, Electric Styling Tools, Hand Mirrors Hair coloring instruments, and more.|
|Location (Place||150 Square feet of workspace per hairstylist.|
|Staff||Receptionist, one to two hairstylists, and a code of uniform.|
|Earning||1 Lakh to 10 Lakhs|
Every type of business needs a plan to get results on the first try. Hair salon businesses are growing rapidly and the competition is increasing. So always choose a place where it needs to be. In the hair salon business, if the investment is high, it also has a high probability of greater earnings.
Many salon owners earn 1 lakh per month with this hair salon business. And many are earning a shitload of money, from 10 lakhs to crores. Learn more about Hair Salon Business: Start a Hair Salon Business
Drop-Shipping: Earn 1 Lakh Per Month Online
Unless you are not able to build the next Flipkart or Amazon. Then work under them until you build your own. This is a great way to earn 1 lakh per month online. Dropshipping is an extremely popular business among many entrepreneurs. Everyone can start this business with a little investment of a minimum of 10,000 INR.
The big advantage of this business is you do not need to worry about inventory and handling the stocks. You can start this business from home with just an internet connection and a laptop.
A dropshipping business works like this-
You start an online eCommerce store or pay-per-month business website and list all the products from the store like Shopify. Whenever someone makes a purchase from your store the order gets forwarded to the supplier then the supplier directly ships the item under your store name.
- Start an E-Commerce Store
- When someone makes a purchase, the order is handled by the supplier.
- The supplier delivers the product under your brand name.
Always go with Shopify. It provides an easy-to-use dashboard for every business owner with lots of flexibility to improve your business.
Requirement for Drop Shipping Business-
|Choose Niche||Choose a niche in which you are interested. A half-hearted niche can easily distract you from your work.|
|Check Your Competition||Always find a low competition niche. Heavy competition niche makes it difficult to sell your product in the beginning.|
|Build Ecommerce Website||Build Your Website. Choose a Shopify Store. It is inbuilt with a lot of apps and tools to make your work easy.|
|Investment||Low as 20,000 rupees.|
|Earning||Once you get successful, then you can generate a sale of more than 10 lakhs per month.|
Drop-shipping businesses work the same as Flipkart and Amazon. Earning with this business varies, on how much you sell. With drop shipping, you can easily earn 1 lakh per month online and more.
Learn more about Drop-Shipping: Start A Successful Drop Shipping Business
Start Freelance Copywriting: To Earn 1 Lakh Per Month Online
Freelance copywriting is the best job for earning six figures income. You can easily earn 1 lakh per month online with a freelance copywriting business. Freelancers are those who write web copy, sales copy, blog posts, and articles for magazines. You don’t need a college degree to start copywriting. But a skill of writing and fluent English language is a must to start a six-figure copywriting business.
Copywriters earn money per word they write or they have their premium plans to write 1000 words for $100 dollars, like this. You can start freelancing today if you are fluent in the English language. Fiverr and Upwork, are websites where you can work as a freelancer. Read also pay per month business websites for more information.
In addition, you can also start your own business with a team of members. Copywriters write a sales copy for websites or brands for increasing their sales. Not only every copywriter must-have writing ability but also knowledge about marketing and SEO.
Requirement for Freelancing Business
|Requirement||Fluent English Language|
|For Business or Job||Bachelor’s degree in English, as well as experience. learn from copywriting courses or your mentor.|
|Addition Requirement||Knowledge about marketing and SEO.|
|Investment||Little to no investment.|
|Earning||50,000 per month.|
Earning depends on your efficiency, and how much work you compete in minimum time. You can easily earn 50,000 to 1 lakh per month in India. Learn more about Freelance Copywriting: Guide To Copywriting Business
Website And Application Development Business
The website development business is also expanding very rapidly. Internet users are increasing and they shop more online now than offline. Many companies are coming into the business of online selling. They need a beautiful website to engage the users to produce more sales of their product. The demand for web developers is increasing like a shot.
Making websites alone won’t seem to make you 1 lakh per month but with more knowledge of languages like JAVA, and C++ you are good to go. Because now you can expand your business by making apps for android and IOS. You can start this business with your teammates.
With the knowledge of both web development and app development, you can double your chances of making more income. And when you have a team of members then your workload also becomes lower. You can easily earn one lakh per month in India with this business.
Requirement for Website And Application Development Business
|Equipment||Laptops, Internet Connection.|
|Team||Must have a team to lower your burden.|
|Investment||On building your office.|
|Earning||With the knowledge of both, you can earn 1 lakh per month easily.|
Learn more about Website And Application Development Business: Start A Web Development Business
Printed T-shirts Business
Printed T-shirts Business means printing images, text, quotes, or other creative things on the T-shirt. It is a highly successful business, but don’t get flooded into earning at first sight. It takes time to establish yourself. This business needs investment to start but has the ability to make you the next entrepreneur.
The earnings vary on your efforts of selling your product. And the power of your products?
This is the best way to earn 1 lakh per month in India without any difficulty.
Requirement for Printed T-shirts Business
|Requirement||Heat Press Machine.|
|Equipment||Office or shop, Staff.|
|Investment||2 to 5 lakhs|
|Earning||Up to 1 lakhs per month and more.|
Learn more about Printed T-Shirts Business: Start A T-shirt Business
Fitness Center: earn 1 lakh per month easily
Starting a fitness center is not a hard thing. On the other hand, it’s also not a cheap business to start. It required space to set up your fitness center and lots of other stuff like dumbbells, machines, treadmills, etc. Also, some fitness center provides protein powder for their customers. So it’s also a must thing to provide if you want to compete with others.
Multi-functional gym costs can go up to INR 5, 00,000-10, 00,000. But it’s first a one-time investment. After six months you just have to repair or grease the machines to work them well. It’s a great business to earn 50,000 INR to 1 lakh per month in India. But it also needs a gym trainer for training the people. If you can deal with the gym taring on your own, means you become a gym trainer also. Then it’s a good thing to earn more by charging for it.
People are nowadays more aware of their health. It’s a good business to start if your city does not have a professional gym for now.
Requirement for Fitness Center Business
|Equipment||The treadmill, Rowing machine, rods, dumbbell, and many other accessories.|
|Space||2000 square feet for commercial gyms and for professionals, it varies and depends on the equipment.|
|Accredited Certificate||Not much important for a small gym. But if you are training also then it’s important.|
|Investment||INR 5, 00,000-10, 00,000|
|Earning||50,000 to 2 Lakhs per month.|
Learn more about Fitness Center: Start Your Fitness Center
Healthy Fast Food Business
Healthy fast food means healthy fast food. People nowadays are more curious about their health. They always wanted to eat fresh and according to their diet plan. But they’re already used to, eating a lot of spices and junk foods. You can start this business and provide them with healthy food according to their diet plan. By this, they can also become your permanent customer.
They want fast food and spice in their food. To learn how you can provide them with it, without removing the taste from the food they used to. With this type of business, you can easily earn one lakh per month to 2 lakhs per month.
Requirement for Healthy Fast Food Business
|Space requirement||1000 Square feet.|
|Equipment||Chairs, Table, reception area.|
|Staff||Chefs, serving staff, waiters, cleaner|
|Investment||5 lakhs or more (excluding space price)|
|Earning||Depends on the size of the restaurant.|
Learn more about Healthy Fast Food Business: Healthy Fast Food Business
SOA (Sell On Amazon): Low investment idea in India
If you have a product to sell, whether it’s a computer part made by you or a Book. You can sell it on Amazon for free. You can sell any type of product on Amazon, Apparel, Automotive, Baby Products, Batteries, Beauty, Books, Consumables, Consumer Electronics, and many more.
You don’t even need your own website, everything amazon will do after you list your product on it. Listing is free on amazon, amazon charge only when someone made a purchase. You can also ship your own product on your own, otherwise, Amazon also has this facility to do this for you with a small fee.
How to get started with amazon business.
First, register yourself on amazon using this detail
- Detail of your Business.
- Your contact details – Email and Phone number.j
- Basic information about your business.
- Tax Registration Details (PAN and GST). GST Details are mandatory if you are listing taxable goods and need to be provided at the time of registration.
Here’s how it works,
- After verifying all your business details.
- List your product on Amazon
- When some make a purchase, you earn.
- Amazon transfers the amount in your account after ducting their fees.
Requirement for Sell On Amazon
|Requirement||Business details, Personal detail|
|Listing your product||Product listing is free on Amazon|
|Charges||2 to 3% and delivery charges if applicable.|
|Investment||Starting is Free|
|Earning||1 lakh to maximum|
By becoming an Amazon reseller you can easily earn 1 lakh per month in India.
Learn more about: Selling On Amazon
These are all the businesses that are capable of making you rich in a short time. Some of them are with investment and some without investment.
You can start any of these businesses and earn 1 lakh per month in India.
I have not explained everything in detail but have provided all the links that can help you to understand your business properly.
This is for now. Please comment below if you find it interesting. Also, comment down a business that I have not mentioned but is capable to earn 1 lakh per month in India even online or offline.
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