Business Ideas in Mumbai

by Ashutosh Patel Digital Marketer

15 Best Business Ideas in Mumbai [2020]

1. eCommerce Business

eCommerce Business | Business Ideas in Mumbai

eCommerce Industry is growing exponentially and it’s not too late to start your eCommerce Business. Mumbai is one of the biggest hubs of wholesalers from where you can source products for your eCommerce Store.

No, I’m not telling you to start your entire venture. I’m just telling you to become a seller on an existing eCommerce platform. For example – Amazon, Flipkart, Paytm Mall and more…

Yes, you can also start your own eCommerce Business like Amazon. But, you’ll be going to need a lot of money in order to start and keep it running because you’re going to compete with top players in this industry who have millions and billions of dollars to invest.

So, from my side, I would recommend you to become a seller on an eCommerce Marketplace and start selling on it. Once you have made a good amount of money from it, you can think of starting your own eCommerce Website and start selling on it.

2. Website Designing Company

Starting a Website Designing Company is never going to be a bad business idea (At least for the next few years).

If you’re not exploring this amazing world of the Internet, then you might not know how much you can make from your website designing company.

Also, if you’re not confident about starting an entire company in one go….then you can just start working as a freelancer and once you make some money and confidence enough, start your company.

Well, I’m into this field and I’m working as a part-time website designer from last 3+ years. And, believe me, this is the best business anyone could start in 2020 with minimal to no investment.

Now, as you’re searching for business ideas in Mumbai. This is a wonderful business idea which you can start in Mumbai and make way more than you ever imagined.

3. Digital Marketing Agency

Digital Marketing Agency | Business Ideas in Mumbai

Digital Marketing is the need of every online and even offline businesses nowadays! Because of the exponential growth of digitalisation in India in the last few years, the need for Digital Marketers increases exponentially.

This business doesn’t require huge investments and you can start this business with very low investment. But, in order to start a Digital Marketing Agency, you’ll need to learn Digital Marketing first.

I know that many of you thinking of why to learn when you can hire! But, even if you hire someone, you need to guide them so that they can work effectively.

So, yes, you need to become a Digital Marker first before you start a Digital Marketing agency. And you can easily become one by investing some time online.

No, Not by watching Netflix… You have to watch videos of top digital marketers and see how thing work in Digital Marketing. Or, you can just grab a course online from Udemy and learn Digital Marketing Online.

4. Coaching Institute

Starting a Coaching Institute is a great business idea in Mumbai, but it needs a lot of investment. It’s one of the most profitable business ideas in 2020.

Also, if you start an institute with proper planning and marketing, the chances of failure are much lower than any other business idea.

But, in order to start and run a successful coaching institute, then are two very important things you’ve to look at! The first one is your faculty, and the second one is the infrastructure.

These are the key to success in your coaching institute business. No matter where you’re from, this idea will work for you.

But, before you start this business, please do proper planning and do some proper research before starting anything.

Source : https://startupsutra.in/business-ideas-in-mumbai/