This article has been contributed by Charu Chellani, an Independent Consultant – PR & Marketing and Travel Enthusiast.
India’s entrepreneurial scenario is witnessing a dramatic change, with women taking the lead in this revolution. The consultancy industry, especially in marketing and public relations (PR), offers enormous opportunities for women to create successful careers by utilizing their talent and creativity. As per a report by the National Sample Survey (NSS), women entrepreneurs represent 14% of the total business owners in India, and the marketing and communications sector has witnessed a remarkable upsurge in women-owned business ventures.
In spite of this expansion, many women are reluctant to venture into the field of consultancy, faced with issues like intense competition, the challenge of getting clients, and the need to build credibility. However, with proper strategies, a positive attitude, and astute industry insights, the vision of creating a thriving consultancy in Marketing & PR becomes a reality. This article presents a step-by-step guide for aspiring women entrepreneurs venturing into this fast-paced industry.
Building Your Personal Brand: Transforming into a Thought Leader
Credibility is everything in consultancy. Individuals look for expertise and trustworthiness before they invest in services, and therefore, personal branding plays a crucial role in building authority and visibility. A powerful personal brand not only positions a consultant above his or her peers in a competitive marketplace but also positions him or her as a thought leader.
One of the most effective ways to establish this brand is by using professional platforms such as LinkedIn and Twitter. By regularly posting industry insights, case studies, and new trends, it is possible to create an image of being an expert while keeping the audience actively engaged. Publishing articles in well-respected publications establishes credibility and shows extensive industry knowledge to a broader audience. In addition, speaking at industry events offers rich opportunities to network with key stakeholders, all while cementing one’s thought leadership. Another effective avenue is publishing case studies that show successful client outcomes and PR efforts, thereby establishing tangible evidence of expertise.
The power of a dynamic web presence is immense. As per a 2023 LinkedIn India report, 82% of business leaders are likely to trust a consultant who consistently shares insights and case studies on the web. Regularly making valuable content available and demonstrating their expertise, consultants can emerge as go-to experts whom clients can trust, and thus acquire more clients and establish long-term professional relationships.
Finding and Acquiring Clients: Effective Strategies for Securing Business
Acquiring customers is the foundation of any successful consultancy, the key to which is strategic networking and focused outreach. Attending industry conferences, such as PR conferences and marketing summits, fosters deeper connections, whereas networking groups such as TiE Women and SheLeads provide opportunities to engage with prospective clients. Moreover, cold outreach is still a mighty tool; developing personalized pitches that address particular pain areas can dramatically boost response rates. Finally, providing referral rewards to current customers can provide a steady source of new business.
Outside the confines of conventional networking, collaboration with PR agencies and intelligent use of freelance platforms can herald new possibilities. By collaborating with larger PR firms in outsourced projects, particularly in the arena of digital PR and influencer marketing, consultants can gain credibility and acquire high-paying clients. Concurrently, freelance sites such as Upwork, Fiverr, and India-focused platforms such as Refrens provide entry points to global and domestic clients looking for specialist services. With the clever combination of these strategies, consultants can build a stable client base and achieve long-term, sustainable growth.
Creating a Successful Business Model
Getting clients is only the first step; decent pricing is needed for long-term profitability. The right model will depend on your services and your clients’ needs. A retainer model offers a stable income through fixed monthly fees, so use it for continuous strategic advice. Project pricing is more suitable for short-term campaigns, and hourly or daily fees offer flexibility, especially for corporate PR.
Pricing is a matter of experience and industry standards. Indian marketing consultants can be hired for INR 5,000–INR 25,000 per hour. Adopting the right methodology assures sustainability, profitability, and growth in a competitive market.
Registering Your Business and Maintaining Legal Compliance
Make sure you register your consultancy as a Sole Proprietorship, LLP, or Private Limited Company, based on your growth goals. Platforms such as Startup India and MSME Udyam Registration provide simple registration services. Also, taking GST registration, if your turnover crosses INR 20 lakhs, and comprehending the nuances of tax compliance is important. Taking the advice of a financial advisor can organize your consultancy’s finances with precision.
Innovation & Skill Development
The PR and marketing field is constantly changing, requiring one to constantly learn and adapt in order to survive. People should be current with industry trends, new technologies, and changing consumer behavior in order to remain competitive.
One of the best methods to stay ahead is by upskilling via online courses. Sites like Coursera, Udemy, and IIMBx offer specialized courses in digital marketing, PR analytics, and branding, allowing consultants to sharpen their skills. Additionally, AI and automation are revolutionizing PR strategies, with tools like Meltwater, Brandwatch, and Sprinklr transforming media monitoring and campaign tracking. Becoming proficient in these technologies can significantly improve efficiency and impact.
The growing importance of AI-powered content marketing is well in evidence in India’s online advertising market, which is projected to reach ₹70,000 crores by 2026. With data-driven decision-making and automation becoming the pillars of marketing and PR, staying in touch with the latest trends is no longer a choice—it is now the secret to long-term success.
Creating a successful consultancy as a woman in Marketing and PR in India is a fulfilling journey, but not without its ups and downs. Success lies in discovering your niche, building your credibility, gaining clients strategically, creating a sustainable business model, and embracing ongoing innovation. India’s business environment is becoming more open to women entrepreneurs with programs such as Startup India, Women Entrepreneurship Platform (WEP), and government incentives favoring women-owned businesses. The journey may be tough, but with grit, smart networking, and ongoing learning, you can create a consultancy that not only survives but opens new doors.
Sunlight is an important source of renewable energy. Solar power is the conversion of this energy from sunlight into electricity, either directly using photovoltaics or indirectly using concentrated solar power. Anyone can use solar cells to generate electricity from sunlight. Nowadays, the demand for solar arrangements as an alternate source of energy is growing tremendously.
This increasing popularity is creating huge potential for entrepreneurs to start a solar energy business. India is endowed with vast solar energy potential. The solar business in India is booming, offering great potential for investors and entrepreneurs. Starting a solar products business can be a profitable venture due to the growing demand for clean energy solutions.
India’s solar business is growing very fast. It is expected to rise from $45 billion in 2024 to $1254 billion by 2033, with a growth rate of 41.5% every year. This growth is helping promote clean energy for both homes and large power plants. About 5,000 trillion kWh per year of energy is consumed over India’s land area, with most parts receiving 4-7 kWh per sq. m per day.
Hence, both technology routes for the conversion of solar radiation into heat and electricity, namely, solar thermal and solar photovoltaics, can effectively be harnessed while providing huge scalability for the solar energy business in India. Therefore, starting a solar energy business is a lucrative opportunity for entrepreneurs. Opportunities in solar industry include innovations in energy storage, installation, and solar panel manufacturing, all contributing to a sustainable future.
Solar Photovoltaic Energy Capacity in India From 2013 to 2023
If you are interested in making money from solar energy-related business ideas, then here are some of the best solar energy business ideas that can set you above the competition.
Billions of dollars of solar PV, solar thermal systems, solar attic fans, solar cooling systems, etc., are sold each year, not to mention all the parts that are required to build and operate such installations. In addition to that, solar lights, solar gadgets, solar rechargers, and a growing list of related products. Clearly, you have a lot to choose from.
Solar Products Distribution
If you can’t go into the manufacturing of solar panels, then one of your best bets when it comes to starting a solar energy-related business is to engage in the sales and distribution of solar panels. Just ensure that you network with solar panel manufacturers both within and outside your country and that you position your business in the right location. Starting a solar product distribution will require less investment and can be started by anyone.
Solar System Repairing & Maintenance
Solar Business Ideas – Solar System Repairing & Maintenance
This is an aftermarket service-based business. After the installation of the solar project, it demands regular maintenance, checks, and repairs. Therefore, offering repair and maintenance services is a lucrative business to start in the solar industry. However, the business demands both technical and networking skills. Also, it is a low-cost startup opportunity.
Solar item repairing is one of the most profitable solar business opportunities in India.
Global Rooftop Solar Photovoltaic Market Share
Solar Energy Auditing
Another service that is growing in demand is conducting solar energy audits. Basically, in this profession, you will have to make recommendations on how people can reduce their electrical consumption. This is a highly knowledge-based solar business opportunity. As a solar energy auditor, your primary responsibility is the determination of the energy requirement. This is the basic requirement when anyone wants to install solar energy panels.
However, an auditor is actually a salesperson, marketing conservation and renewable energy resources, offering people a way to control energy consumption. The business demands very small startup capital to commence.
Starting a Solar Farm Business
Solar Business Ideas – Solar Farm Business
An average person is familiar with solar panels mounted on the rooftops of houses, but the truth is that both the solar panels in our homes and solar farms serve the same purpose, but in varying degrees. Installing solar panels for business helps reduce energy costs and promotes sustainability.
The solar panels in our homes are single panels mounted on the roof that get energy from the sun and convert it into Alternating Current (AC) for use in the house, while solar farms, which are also known as Photovoltaic Power, are large areas of land where solar tracking towers are mounted to provide power to a community. Using solar panels for a small business is a smart way to cut electricity costs and increase savings.
Turning Farmland Into Solar Farm – PM Kusum Yojana
Solar Consultancy
Solar energy consultants supervise, monitor, and make recommendations when a solar installation project is being/about to be carried out. A lot of people would like to know if it makes sense to install solar on their property. Additionally, people look for a professional opinion that looks at the various options and guides them through the entire process.
If you have experience in developing solar projects, starting a solar project consultancy can fetch you good returns. You can work independently or together with like-minded consultants.
Becoming a solar product marketer is also a smart business idea. Some of your responsibilities will be to introduce business owners to the benefits of switching to solar energy as a source of power. You may do this as an independent solar product seller or as an affiliate of a solar installation company.
Solar Panel Cleaning
There is a growing need for cleaning solar panels in the solar panel business. It is observed that dirty panels do not work as efficiently as clean panels. The solar panel cleaning business can be started with very low capital. It is one of the most profitable solar panel business ideas.
Solar Blogging
Blogging on solar energy-related topics is one cool way of starting a solar energy-related business. Blogging is all about creating useful and perhaps educational content for a target audience on the internet. If you think that you have good knowledge of the solar energy industry, you can make money by sharing your knowledge with a wide range of audiences via your blog.
Education and training are the keys to any industry, which is why you can find specialized universities like oil and gas universities, marine universities, and film and art colleges. So, suppose you are looking to start a business in the value chain of the solar energy industry. In that case, one of your options is to start a specialized solar energy university or training institute.
Solar Panel Installation Business
Solar Business Ideas – Solar Panel Installation Business
Starting a solar panel installation business means learning the necessary skills and getting certified while forming good partnerships with solar panel suppliers. In these solar panel business ideas, you’d offer services like checking sites, designing personalized solar systems, and installing them efficiently. To succeed, you’d need a strong plan to tell people about the money they can save and the good things it does for the environment. Keeping up with what’s happening in the solar energy industry, like new trends and government support, is important to offer the latest solutions and stay competitive.
Solar Power Generation
In India, a big opportunity for a solar business is to generate solar power. The government wants to produce 500 GW of solar power by 2030, so there are lots of new solar power plants everywhere. If you want to start a business, you can either create your own solar power plant or invest in existing ones. This not only helps the environment but also gives a good opportunity to make money. Just make sure to keep up with new technology and government rules to stay successful in this changing market.
Solar Water Pumping
In India, farmers need a lot of water for their crops, but electricity is not reliable in many places, making it hard to pump water. Entrepreneurs can help by setting up solar water pumping systems, which are reliable and affordable. This not only solves the farmers’ problem but also helps India use clean energy for farming, making it better for the environment. By bringing solar water pumping systems to areas with unreliable electricity, entrepreneurs can make farming easier, more dependable, and environmentally friendly, benefitting both farmers and the planet.
Solar water heating systems use the sun’s energy to warm up water, providing a cheap and eco-friendly solution for homes and businesses. Entrepreneurs can take advantage of this opportunity by setting up these systems, helping both their businesses and the environment. As more people care about being green, the demand for these eco-friendly solutions is increasing, making it a smart and timely business choice.
Global Solar Power Market Size
Solar System Integrator or Installer
If you like fixing things and know a lot about technology, you can choose to be a solar system installer. Your job will be to help people by setting up solar systems in their homes or businesses. To do this, you’ll need to work with companies that sell solar systems and figure out which places need them by asking around.
Being a solar installer isn’t a solo job, so you’ll need a team of people who are also good at technical stuff, and they should have the right certifications. Starting this job will cost you around fifty thousand to two lakhs, and you’ll get paid for each project you complete.
Solar-Powered Lighting Solutions
Another innovative business idea is offering solar-powered lighting solutions, such as manufacturing or distributing solar streetlights, garden lights, or indoor lighting systems. With the growing focus on energy efficiency by municipalities and businesses, the demand for solar-powered lighting is steadily increasing.
Solar-Powered Mobile Charging Stations
In areas with unreliable electricity access, there is a growing need for alternative power sources, especially for charging mobile devices. Entrepreneurs can tap into this demand by setting up solar-powered mobile charging stations in public spaces, at events, or in remote regions. Pairing this with a solar panel business—offering the sale, installation, or maintenance of solar panels—can create additional revenue streams.
Solar-Powered Home Appliances
Making or selling solar-powered home appliances is a smart business idea for the future. Products like solar cookers and solar-powered air conditioners are popular with eco-friendly consumers who want to lower their carbon footprint.
Solar Energy Software Solutions
Integrating technology with solar energy systems creates opportunities for software solutions. Entrepreneurs can develop tools for monitoring, optimization, and management, including performance analysis, energy forecasting, and remote system tracking.
Solar-Powered EV Charging Stations
Solar Business Ideas – Solar Powered EV Charging Stations
Strategically placing charging stations in urban areas or along highways and partnering with EV manufacturers boosts visibility and profits. This approach positions entrepreneurs at the intersection of two growing industries: solar energy and electric mobility. These stations harness solar power to charge EVs, reducing reliance on traditional grids.
Is Solar Business Profitable in India?
Is Solar Business Profitable in India
The solar business is a good way to make money in India. The government offers subsidies that help lower the cost of installing solar systems. Even though the setup cost might seem high at first, people save a lot on electricity bills—some even pay nothing! So, solar is not just good for business owners but also helps customers save money in the long run.
Solar energy is becoming more popular in India, and the government is helping by promoting it and reducing prices. There are many ways to earn in this field, like selling, installing, or maintaining solar systems.
Because solar energy has many benefits, the future of this business in India looks bright. The government supports clean energy, which means more business and job opportunities. As more people start using solar power, there will be a bigger need for solar services.
If you’re thinking about starting a solar business, now is a great time. Costs are coming down, the demand is growing, and the support from the government makes it a smart and profitable choice.
Conclusion
To sum it up, the solar business opportunities discussed in this article offer great chances to make money while helping the environment. Whether setting up solar panels or developing cool ideas like solar consultancy, these solar business opportunities don’t need much money. They fit well with the growing interest in clean energy, giving entrepreneurs a way to make a difference while earning profits. As the world keeps moving towards cleaner energy, getting into solar energy businesses makes good business sense and supports the planet. The solar power business ideas we’ve shared are like doors opening for people who want to start something in solar energy, bringing both business success and a positive environmental impact.
FAQs
What is the solar related business?
“Solar business” encompasses companies working with solar energy, from manufacturing panels to installing systems and generating power.
What are the various business opportunities in solar energy in India?
Business related to solar energy are:
Selling Solar Products
Solar Products Distribution
Solar System Repairing & Maintenance
Solar Energy Auditing
Starting a Solar Farm Business
Solar Consultancy
Solar Product Marketing
Solar Panel Cleaning
Solar Blogging
Starting a Solar Energy Training Institute
Solar Panel Installation
Solar Power Generation
Solar Water Pumping
Solar Water Heating
Solar System Integrator or Installer
What is the biggest solar panel company?
Tongwei Solar is the biggest solar panel company.
Which are the best solar companies?
The best solar companies are:
Sunrun
ADT Solar
Freedom Solar Power
Blue Raven Solar
Momentum Solar
SunPower
Tesla Energy
How to make money in solar business?
Make money in the solar business by offering services like solar panel installation, consultancy, or developing innovative solar solutions.
Which country uses the most solar energy?
China leads in the Solar energy usage.
Which country is the largest producer of solar energy?
The largest producers of solar energy are:
China
United States
Japan
Germany
India
What is the solar panel trading business?
A solar panel trading business involves buying and selling solar panels to consumers, installers, and businesses, capitalizing on the growing demand for renewable energy.
It’s true that many of us are not happy with a 9 to 5 job and more interested to hustle and develop a business which can assure a high return on a long-term basis. Whereas, it’s not everyone’s cup of tea to start a business from scratch and make it an empire. However, if you have the will and enthusiasm to start your own business, there are many businesses you can start with almost no investment, and earn a profit. So if you are someone who does not have much to invest, but wants to start your own business, these are 30 business you can start with no investment or a very negligible amount of investment.
Best Business You Can Start With No Investment / Low Investment
Zero investment business | Business ideas without investment
Start a Blog
Blogging- business without investment
Blogging is a great way to generate passive income. To start a blog just find a niche about which you have knowledge and interest, and start writing amazing blog posts that readers want to and love to read. To start with you can create your blog site with free platforms like Wix and Blogger. You don’t even need to pay for web hosting. Once your blog site is filled with good and SEO optimized content, there are many ways through which you can monetize your blog. You can sign up with Google Ad-sense to place ads on your site, do affiliate marketing through your site, write sponsored post and much more and start making a good income. This may be your side business if you have already been working at a company.
Many companies outsource their data entry works to freelancers and data entry companies, and this service is quite in demand. So data entry business is a small business you can start without investmentand earn a profit. Besides no specialized skill is required to start this business. Basic computer knowledge and good typing speed is required. You can start doing it yourself and hire as you scale up.
Consultant
A consultancy is one business that you can run from home. While consultancy services are one of the best no investment business, you need to be an expert in the domain in which you are offering consultancy services. There are a variety of domains that one can start a consultancy service based on one’s expertise. Popular domains include business consultants, legal consultants, marketing consultants, Finance consultants, and HR consultants.
In recruitment business you are simply looking for human resources who are talented and accomplished, then you assign them to work at a certain company related to the employee expertise on your payroll or on the company’s payroll whichever is best suitable in increasing profit. Most recruitment firms get commissions from companies on the basis of per manpower provided to the company.
Real Estate Broker
The real estate business is booming like never before. Everyone whosoever whether he is a student or a working professional in MNC will require a house on rent or will buy for itself. Also, there are many who are looking to invest in plots and real estate, as there is huge scope in the real estate business, also it is a good business opportunity that does not require a heavy investment. You need to do research about the real estate market in which you are operating and also obtain the required licensing.
Youtuber
Start a Youtube Channel | zero investment business
This is yet another popular business option that requires no investment. All you have to do is create engaging videos. Once you have garnered a good number of viewers and subscribers, there are many ways in which you can earn from your YouTube channel. You can become a YouTube partner, sell merchandise through your YouTube channel, or create sponsored content to start earning.
With an increase in the number of social media users, and companies spending a good amount of money in social media marketing, becoming an influencer, has become a great way to make money. For starting this business you need to be active on social media and have over 1000 followers on social media. To increase your social media followers you need to post good and engaging content in your social media handles.
Coaching Classes
Looking at its popularity, coaching classes are a popular no investment business you can start in India. So if you have your concepts clear and feel that you teach well, you can open your coaching classes. Investment required is almost zero, and you can start teaching students at home itself and expand later. Depending on your skill, choose the age group and subject that you will teach, and get started!
Podcasting
Podcasting – Small Business Without Investment
A number of podcast listeners are fast increasing, making podcasting a great business to start. This business can be started without much investment, and once you have a good number of audience, you can earn money through sponsorship and product mentions.
Dropshipping
Dropshipping is a popular no investment business. To start with you need to find a good supplier whose products you will sell. Next, you have to decide which products you want to sell. Though many think that you need to have your website for dropshipping, the fact is that, you don’t actually need your own website for dropshipping, and you can start dropshipping through platforms like Amazon, eBay, and Shopify.
Same as dropshipping, drop servicing is where you sell services instead of goods. Again, you are not the one who will provide the services to the customers. In drop servicing, you have to decide which service you want to sell, and then find service providers and market their services. When you get customers who are willing to buy these services, you get the services delivered to the customers through the third-party service provider, and thus earn a commission on the services sold.
Selling Online Courses
Many people today prefer to learn online so selling online courses is a popular business. If you are a subject expert, create some video tutorials on the subject and sell them. You can sell & launch your courses at various platforms like Udemy, Coggno, Curious, edureka!, skillshare, etc.
Online Book Publishing
Selling e-books is yet another trending business that requires no investment. However, to be successful you need to have good writing skills. As regards the selling of e-books, if you have a website, you can sell them through your website, or you can also sell them through third-party platforms like Amazon. By publishing books through platforms like Amazon Kindle Direct Publishing, you can reach out to a larger audience.
Affilaite Marketing
Affiliate marketing is not a new concept these days. In this business model, you become a company’s affiliate and promote and sell the company’s goods and services and earn a commission on each sale made. Affiliate marketing is a zero inventory yet profitable business, and it is something that can be done both offline and online. You can also blend both online and offline tactics to build a customer network, and make good profits. But this domain is getting quite competitive these days.
With Millenials leaving their home towns and moving to new cities for career and work, and people getting busier, there are many who do not get time to cook proper meals at home. You can start your tiffin services business and offer healthy, home-cooked food to your customers. Tiffin Services are quite popular in those areas where students, millenials and corporate workers stay.
Cloud Kitchen
Food business never goes out of trend and cloud kitchen is one such business that is sure to be profitable if done right. You just need a kitchen where you will cook and register with food delivery platforms such as Swiggy and Zomato, to get the orders delivered to the customers.
Are you good at making pickles, jam, jelly, art, and craft items or any other handmade products? If yes, you can earn by selling handmade goods. You can list your products in e-commerce sites like Amazon or other websites specialized for hand made products like Etsy, iCraft, Artfire, etc. This is an ideal no investment business you can start from home.
Photography
Photography-Business Ideas Without Investment
For passionate and trained photographers, Photography can also be a good business option. You can do photography at events and weddings, or can also sell stock photographs to sites like Shutterstock, Getty Images, iStock Photo, Dreamstime, etc.
Creche
Creche is again a booming business without any major investment. Working parents these days find reliable creches where they can drop their children while they are at work. All you need is a good space, which can be your home also to start with. Buy some toys to keep the kids busy, provide them with fresh food and above all love and care, and you are sure to be successful at it.
Writing Services
Good writers are in great demand. So if you have a flair for writing, you can start offering writing services. No investment is required for this business. You can find work online and provide services such as content writing, copywriting, resume writing, etc. As you scale up, you may hire interns to work for you.
Event Management Services
Yes, you heard it right! Event management business can be started with almost zero investment. All you would need is creativity and managing & planning skills. A certification or degree in event management is an added advantage, however, it is not compulsory to have one. While the client pays for all the expenses required in the event, all you need to do is plan the event in an organized way and manage it well to make it a success.
Graphic Designing Services
Graphic Designing business- No investment business
If designing is your strength, and you are skilled at working with various graphic designing tools, you can start doing graphic designing for various clients. Freelancer, Upwork, etc are platforms where you will find many clients to need graphic designing services. From designing print ads, package designs, marketing materials, etc the scope is huge.
Web Designing Services
With many small and big businesses going online, web designing is a great business option which requires no investment. If you have the skills, web designing can be a profitable business.
Accounting and Tax Preparation Business
Not every business can have its own department to manage the accounting and tax-related tasks, and prefer to outsource these tasks to others. If you know about accounting and tax preparation, you can do this work for various businesses and earn a profit.
Foreign Language Translator
Foreign Language translators have high demand. So if you know any foreign language, you can bank on this skill and start a business related to foreign language translation. As more and more companies are expanding their operations outside their national borders and trying to reach international customers, they need translators who can present these companies’ products and services properly in front of the international audience.
Transcription Business
Transcription service is where audio whether live or recorded is converted to a written or electronic document. Transcripts are needed in various fields like law, business or medical and hence transcription business has great scope for growth. This is a great home based business without investment that you can start right away.
Music, Dance, Art & Craft Teacher
Parents take a keen interest in making their children learn some new and productive skills. If you are a dancer, singer, musician or an expert in making art n craft products, etc you can start teaching these skills to children and generate a good amount of income.
B & B Business
Have a spacious home? you can start your B&B (Bed & Breakfast) business. As the name suggests, you have to provide breakfast and bed to the guest. Register your property with sites like Airbnb, Flipkey, etc. As you need to provide only breakfast to the guests, you can choose to cook breakfast yourself to save on hiring a cook.
Interior Designer and Interior Decorator
Everybody loves to stay in a beautiful house and work in an office with great interiors. And interior designers and decorators are people who create these beautiful interiors. For being an interior designer you preferably need a certification in interior designing and must have a license. While no certification and licensing is required for being an interior decorator.
Renting Your Car or House
If you have a car or spacious house, you can consider renting it out to earn a steady source of income. Renting has been a popular business since ages, and now with internet things have become even easier. While you can consider renting out your car to cab companies like Ola and Uber, you can list out your property for renting in sites like housing.com, magicbricks.com, etc. Besides you can also rent out your residential property to co-living space providers.
Repairing Services business can never go out of trend. So if you are good at it, you can repair mobile, laptops or other electronic goods. Initially you can start it at home with almost no investment except the repairing tools.
Conclusion
Small Business without investment can provide great benefits when compared to other jobs. It is easy to develop, but the management really takes hard work. Without hard work, you probably will not succeed in business. In addition to hard work, you also need to have a strong mentality and determination. That is your main asset in creating a business. In making a business, you should know what business is right for you. You also need to know the risks that you will face in establishing the business.
Hope this list is useful to you. Though there is no limit to ideas and we are sure there are many other great no investment business plans. If you are thinking of implementing any such no investment business idea, please share with us in the comments box!
Some businesses with no investment or low investment:
Blogging (Minimal investment)
Podcasting (Minimal investment)
Dropshipping (Minimal investment)
Freelance Writing (No investment)
Launch An Online Course Or Membership Site (No investment)
Ghost Writing (No investment)
Virtual Assistant (No investment)
How to start a business without Investment?
Start with Something You’re Passionate About. Passion alone can move mountains for you.
Research Your Market.
Set Financial Goals.
Make the Content Shareable.
Build a Following.
Launch Something You Can Sell.
Start with WHY.
What defines a small business?
Smallbusiness is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.
A Consultant is an expert in a particular field whose job is to give professional advice to his client. If you are or plan to become a Consultant, this is a must-read post for you. Consulting Business is a challenging yet interesting field. It comprises problem solvers who are here to take up issues head-on. Consultants also evaluate the existing state of one’s business when needed.
Currently, there are over 10,000 Consultancy Firms in India. Among which, 6,000 firms are located in the 4 main metropolitan cities of Delhi, Mumbai, Kolkata and Chennai.
Consulting is not an evergreen relationship with the client but a short-term project meant to achieve specific results. An example would be a business entity approaching a financial consultant for tax planning. This is known as a Consulting Engagement.
While consulting comes in various forms and flavours, a successful consultant generally excels in certain aspects and qualities, irrespective of his or her area of work. This post discusses 10 qualities a consultant, whether experienced or just starting out, needs to work on to have a successful career trajectory moving upwards.
Time management is essential in the Consulting Business. One can think of it in two different ways: short-term and long-term. Short-term time management involves daily and weekly tasks and action items. Consultants may work on several projects at a time; they need to pay appropriate attention to all of them.
Mastering time management will save you from the pitfalls of unexpected and unprecedented occurrences. Get your planner ready as time stops for none!
Flexibility With Work
Being flexible is another ingredient towards becoming a better Consultant. Client Expectations and Requirements can change anytime, and unexpected issues may come up in the project. As a consultant, you need to be flexible and be always ready for any situation. With the kind of travel involved in the consulting business, don’t fret if you have to catch a flight all of a sudden.
Communication Skills
Communication Skillsform a person’s first impression. Whether that’s written or verbal. Email writing, presentation skills, documentation abilities, and even talking on the phone are directly dependent on one’s communication skills. Communication skills will decide how well you fit into the team. As a Consultant, the better you communicate with your client, the easier the task becomes.
Commercial Awareness
You need to have a basic understanding of how businesses work because certain points and frameworks apply to all companies regardless of the industry. Your Commercial Awareness will continue to deepen with time. Some points to work on are basic finance, economics, and management topics.
Good Analytical skills give you an edge over others in the consulting business. Analytical capabilities include both qualitative and quantitative aspects. You will be looking at data, whether it’s general trends of the client’s industry or actual specific requirements. Quick calculations, pattern identification, logical deductions, etc. are some of the topics that rely on analytical skills. On the qualitative side, you will look at interview responses, customer surveys, and employee responses.
Whether you are looking at numbers or words, you need to be able to interpret the data. Hence, build up your cognitive skills to take analytics and logical reasoning by their horns.
Organising
A good consultant is consistent in terms of efficiency and planning. And these come under organising one’s place and work-related items. To find a way which works for you when it comes to organising your emails, documents, calendar, and having everything in place.
Team Player
To be a consultant, you need to be a team player. Consulting business is not an individual’s game; working as a team is prioritized and stressed upon. It’s important to make sure that the client’s needs are met and looked after. And this has to be done while being mindful of your team’s needs. Keep your team members in mind, work in sync, and don’t aim for individual glory.
Social Skills
The consulting business is a client-facing job. And building relationships with your clients decide overall success as a consultant. While intelligence, analytical skills, and logical skills are highly valued, the Emotional Quotient (EQ) is equally important. The ability to empathize with others and build an intimate connection with clients will fast-track your journey to becoming a good consultant.
Creative Thinking
When you are doing the same job or activity repeatedly for an extended period, it becomes easy to stop thinking outside the box. If you want to provide value to your clients, you need to be creative and come up with innovative solutions. Ask yourself, “How can I do this better, or how can I make this better?” Creative thinking will definitely get you noticed!
Self-Care
In any business, some days can be harder. People don’t think of self-care as a skill, but it is one. You can work efficiently only if your health levels don’t drain. Self-care might look different for different people but at the core, it’s all the same. Take necessary breaks, give it a rest when your productivity is down, and don’t take it hard on yourself.
For some, it means going on vacation to unplug completely and ensuring they communicate and set certain boundaries with their team during the break. Identify what fits in your self-care routine.
Consulting is an interesting yet challenging role. As a consultant, you have to keep an eye on various problems and their solutions. Good control over skills like Time Management, Flexibility, Communication skills, Commercial Awareness, Analytical skills, Organising, Teamwork, Social Skills, Creative thinking and Self-care comes very handy in this job.
FAQs
Who is a Consultant?
A Consultant is an expert in a particular field whose job is to give professional advice to his client.
How many Consultancy firms are there in India?
Currently, there are over 10,000 Consultancy Firms in India. Among which, 6,000 firms are located in the 4 main metropolitan cities of Delhi, Mumbai, Kolkata and Chennai.
Why should a pay focus on Time Management as a Consultant?
Consultants may work on several projects at a time; they need to pay appropriate attention to all of them. Mastering time management will save you from the pitfalls of unexpected and unprecedented occurrences.
Why should you be Flexible as a Consultant?
Client Expectations and Requirements can change anytime, and unexpected issues may come up in the project. As a consultant, you need to be flexible and be always ready for any situation.
Varun Bhardwaj
