India is one of the leading startup hubs along with emerging as the third-largest startup unicorn in the world (1). With the multiple great opportunities provided by the government in the form of Start Up India Scheme and Stand Up India Scheme.
Are you ready to start a startup but don’t know where to start? Here, in this article, we’ll be discussing the top start up ideas that you can use to start your startup today. Entering into the 2020 decade has opened up opportunities for some brilliant start up ideas that would’ve been a flop concept a few years before.
Note: Timing is one of the most critical elements of establishing a successful business. All the start up ideas mentioned is market-ready.
5 Fresh Start Up Ideas for 2020
Here we have compiled the five best start up ideas for India in 2020. Starting up today can help overpower your 9 to 5 income, helping you establish an independent and free workplace for yourself.
- Trading Websites
- Online Courses
- Affiliate Sales & Marketing
- Sustainable Product Development
1. Trading Websites
Websites are the new real estate that has been ruling the virtual spaces in the times-of-internet. Consider becoming a full-time website buyer and seller as it allows you to sell off cheap websites at higher stakes according to the brand’s requirements.
Some factors that make up a good website are:
- short, catchy & brandable domain name
- A popular domain extension like .com, .net, .org, etc.
- Higher domain ranking
2. Online Courses
Creating a business online requires no to low capital investment but can gift you with high returns on the basis of the quality of your service and its popularity.
Find your niche, be it cooking, fashion, or technology, and create an online course that teaches skills to your audience. Having an online course establishes the fact that putting in your effort once in creating the course can provide you with a lifetime source of passive income.
Elements of a successful online course:
- Make it easy to comprehend
- Make it visually appealing
- Add fun quizzes and assessments
- Foster content engagement
3. Affiliate Sales & Marketing
Affiliate marketing and sales can work the best for you if you own a YouTube channel or have a large social media following. It is a process by which an affiliate earns a commission for marketing or selling a product or company.
The reward system based work provides commission either based on the traffic directed to their site or by the number of sales made because of the affiliate marketing.
Some of the top companies offering affiliate marketing and sales opportunities are:
4. Sustainable Product Development
The world is opening its arms towards sustainable products and services that help in building a better environmental friendly solution to our daily problems.
Various brands and startups have adopted this as an initiative towards a better future by introducing plastic-free packaging, rejecting plastic straws, introducing sustainable products, etc.
Some successful sustainable product development startups are:
One cannot overemphasize enough on how a simple blog can transform into your primary source of income. As said earlier, the website is the real estate of the internet, which makes a blog a luxurious stay, depending on the blog niche.
Create a successful blog linked to a particular niche by choosing a nice domain name and creating a user-friendly and vibrant website. You are set to commence on your blogging journey. Once your blog starts reaching decent website traffic, you’ll start making an income via ads and sponsored content.
Note: You can hire Dinosoft Labs to develop your website.
These were some of the top start up ideas that you can make use of to start your startup today. If you focus more on earning a higher return with low investment, an online business can serve you the best. On the contrary, if you aim at building a physical product, try investing in developing a sustainable item.