Nov 25, 2022
When the global markets start to crumble, we cannot just rely on statistics and one income source. This is why it could be the best time for you to take a loan for business and take a small step towards your financial independence. Here are some businesses that you can start with a business loan and may get higher ROI in a year.
1. Content developer or content development agency:
Content drives the digital world. Content could be written, graphic, or audio-visual. You can easily get clients over the internet from websites like Freelancers, Fiverr, Upwork, etc. You can get a 100% ROI within a few months, depending on your skill.
So, if you have a knack for writing irrespective of your native language, or you know how to click exceptional photographs and videos or do graphic designing, you can start by investing in equipment. As the amount is low, you may easily get a business loan.
2. Organic soap and candle making:
The craze for organic items is increasing day by day. In organic soap and candle-making, you can earn up to 80% profit starting with just Rs 50,000. You can easily avail of an online business loan for such a low amount. If you can make a good strategy, you can recover the ROI in months.
You can also sell the products both online and offline. Making homemade soaps and candles is easy; you can also learn the process from YouTube.
3. Online courses:
If you are great at anything, you can convert your knowledge and experience into online courses and teach the world. All you need to get is a good-quality video camera, a tripod, good lighting, a laptop or desktop for video editing, a digital drawing tablet, and an internet connection.
The equipment will cost up to Rs 100,000, and you can easily get a line of credit from a financial institution. The great part is that you can sell your courses repeatedly on different platforms like Udemy, Coursera, etc. You may even get a 100% ROI in months if your plan is fool-proof.
4. HR Services:
By investing around Rs 200,000, you can set up a small HR firm in your city and start providing consultancy and recruitment/verification services. Getting an online business loan for this type of venture is relatively easy. You can get 100% ROI within months if you have a good strategy and client base.
5. Open a cybercafe:
No matter how deeper the internet has penetrated Indian societies, the demands for cybercafes are only increasing with each passing day. With a budget of Rs 250,000, you can start your cyber cafe in your town or village, and with a proper plan, you can even get an easy business loan sanctioned for your venture.
You need to buy one high-end computer and a few budget ones, a heavy-duty printer with a scanning facility and high-speed internet. Depending on the tier of your city, you can achieve a 100% ROI within a few months.
6. Travel and tourism agency:
The travel and tourism industry is experiencing a boom after the pandemic. You can start a travel and tourism agency and provide travel, hotel, luggage, food arrangements, and management to earn a commission. If you manage to get customers and build a network of partners, you can get a higher ROI within days.
7. Digital marketing company:
Digital Marketing is a very lucrative business that you can start after doing a few online courses or by hiring a team. You can easily get clients with a few budget computers and high-speed internet access. You can also log in to Freelancers, Fiverr, and Upwork at the beginning.
Depending on your skill, quality of service, types of service, and client base, you may easily get a 100% ROI within months. With a proper plan, you can get a business loan very easily.
8. Event management company:
In the post-pandemic world, physical events are back. Hence, the demand for event management companies is increasing every day. This idea can become a goldmine if you have good management skills and can set up a good team.
You have to deal with everything from hall booking to food supplies to floral arrangements and security. You can also be eligible for a loan for a business to start. If everything goes fine, you can get 100% ROI from just one marriage ceremony!
Check your Business loan eligibility.
9. Cleaning business:
Cleaning businesses are hit in cities if you can provide instant support and high customer satisfaction. It needs an investment of up to Rs 700,000, and you can even get a business loan for it by preparing a fool-proof plan for your lenders.
10. Cloud kitchen:
Food delivery services like Zomato and Swiggy have created a huge demand for cloud kitchens. So, in your locality, if popular restaurants are trying to expand, you can take advantage of it and start a joint venture with them.
The setting up cost of a cloud kitchen can go beyond Rs 800,000, but if you can carefully cater the menu and franchise, you can get up to 100% ROI within a year or even early. As you build an asset, you may get an easy business loan against it.
Final notes:
Business and markets are highly unpredictable, so we have tried our best to find you the top 10 ideas that can get your ROI back quickly. But there are so many factors involved in a business, and one step can influence others and decide the success of your venture. But one thing is guaranteed, if you need easy business loans, you can always trust FlexiLoans.
Also Read:
Money Making Ideas for Housewives
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