Pune is a developing city in Maharashtra located in the western part of the state. Once the Maratha capital, Pune has a significant history related to different Indian rulers. Also called the ‘Queen of Deccan,’ Pune is known for its huge impact on Maharashtra’s economic, social and cultural development. Pune’s fame skyrocketed during the COVID-19 pandemic since the headquarters of Serum Institute of India (developer of Covaxin) are situated in the city. However, that’s not all of it. Pune has always been a great place for thinkers and innovators to create disruptions in the market. Today, we will discuss why you should consider Pune for your next business venture and which businesses can be your best bet to success.
Key Insights of Pune
|Official Languages||Marathi, Hindi, English|
|Pune GDP||₹354,299 crore|
Why Should you Start a Business in Pune?
1. Economically Sound: Pune is the seventh richest city in India, with a nominal GDP of USD 92 billion and per capita income standing at around USD 12,000. Higher-income creates higher consumer spending chances, which may be a sought-after quality for new businesses.
2. Diverse Sectors: Pune is not dependent on a single industry for its huge GDP. The city has a diverse portfolio of sectors, including education, pharmaceuticals, textiles, technology, and service. Entrepreneurs have more choices for businesses to start in different industries flourishing in the city.
3. Education: Due to more than 800 prestigious educational institutions, Pune is also called the ‘Oxford of the East.’ The city has both rural and urban literacy rates standing above 80%. Educated populations make good customers and a good workforce for newer businesses.
4. Investment Hub: Pune is the second biggest investment destination in India, with major investments in infrastructure, technology, automotive, education, and pharmaceuticals. The city sees major interest from both domestic and foreign investors.
List of Best Low Investment Business Ideas for Pune
Now that you know why Pune is one of the top cities to start a business, let us tell you some of the top ideas starting with some low-investment ideas and going all the way up to capital-intensive businesses.
1. Affiliate Marketing
Probably the best low-investment online businesses anywhere in the world, Affiliate Marketing is a collaboration in which a marketer promotes an online retailer’s products/services and earns a commission on every sale or click he brings to the retailer’s website. You can easily do affiliate marketing through your smartphone or laptop with the help of a strong internet connection. Creating online content has become easier than ever in 2022. Find out what kind of content speaks to you, upload it on different platforms, and earn a decent following. Once you have decent numbers on your social media, you can become an affiliate marketer by promoting products for different online retailers.
2. Educational Consultant
Counselling has seen major players emerge in the last decade. Students from all over the country visit Pune to complete their higher education and get a good life for themselves. Many students need the right idea of how to make it in life when they graduate high school. Educational Consultants help students figure out a career path based on their individual ability and provide them with the necessary training to excel in every field – education, extracurriculars, interviews, cognitive thinking, and much more. You can become an educational consultant without having to invest a lot of money into the business.
3. Freelance Content Writer
In today’s world, content is king and every business, whether big or small is always on the lookout for freelance content writers.
If writing is your passion, you can start freelancing content writing. As a freelance content writer, you can write blog posts, emails, social media content, guides, eBooks, video content, and case studies.
You can start freelancing from the comfort of your home and set your own working hours.
If you are skilled at making cakes and cookies, you could also start a bakery. You only need some excellent recipes, a baking tandoor, and various moulds. For every small gathering or meeting that they host, many corporate businesses are now placing orders with bakeries. If you can participate in these corporate events, you can profit reasonably from food business ideas. Even better, you can start a little bakery at your house.
5. Personalized Fashion Apparel
Nowadays, people are seeking out creative things. Because of this, their sense of style is changing. If you are adequately qualified in fashion, you can begin working on embroidered orders from your customers.
You can make one-of-a-kind, premium outfits for your customers by becoming an expert at the embroidery details using ribbons, beads, zari, and fabrics. In order to attract attention to your career, you may also construct a website where you can upload your portfolio.
6. Pet Care and Grooming
The majority of people today own pets, but because of their demanding work schedules, they have to work hard to care for them right away. Start a pet grooming and care business if you have a passion for it. This profitable business venture as it is highly paid.
7. Web Designing
One of the most exciting industries that have had an increase in demand since the advent of the internet is web design. Furthermore, young talent is in high demand in this field. You can adapt this business idea for yourself.
You can design the structure of the website, develop its functionality, and include all necessary visuals, charts, tables, etc. Even in Pune, this is a popular low-investment venture.
8. Yoga Center
Starting a yoga centre is a profitable business idea as since the covid-19 pandemic people have become more cautious about their health and lifestyle choices. You can offer classes and workshops at your centre.
Running a yoga centre can offer a great deal of flexibility in terms of scheduling and workload, allowing you to tailor your business to your lifestyle and needs.
9. Cooking Classes
If you love cooking and keep on experimenting with new recipes and ingredients, then you can start your own cooking classes. Starting a cooking class does not require a lot of upfront investment and you can begin with your home kitchen.
This is a lucrative business idea that offers flexibility as you can decide on your own schedule, how many classes to offer per week and how many students to take per class.
If you have expertise in a particular subject then you can offer online tutoring classes. You can connect with students from all over the world, which gives you an opportunity to work with students from different cultures and backgrounds.
Starting this business requires minimal investment and you only need a working laptop with a stable internet connection.
List of Best Small Business Ideas in Pune
1. Digital Marketing
Every company is looking for a digital presence today. However, most companies do not have the time and resources to figure out their social media campaigns, which is why they hire professionals to engage with audiences on the internet. Digital Marketing is a great business for individuals who have a great understanding of how the internet works. It involves different aspects like Website Development (developing and maintaining the website, uploading content, SEO, SSL, Meta Tags), Social Media Marketing (Videos and graphics on a platform like Instagram, Facebook, Twitter, etc.), Content Marketing (YouTube, Blogs, Forums, Podcasts, etc.), Content Writing, Graphic Designing, Video Editing and much more. However, you can specialize in a single field at first and expand as you go on. Learning Digital Marketing is also not hard or expensive, as several top-notch, affordable courses are available online.
Moreover, if you are looking to start a business in Bangalore but got fewer funds. Don’t worry. Here is our list of some of the best low-investment business ideas in Bangalore that you can start easily.
2. Real Estate Agent
As Pune follows the footsteps of metropolitans like Mumbai and Delhi, the importance of Real Estate Agents rises dramatically. Students, employees, and business people, everyone needs an office space or a home. Real estate agents build strong networks with constructors and lessors to provide the best spaces at the prices suited to their clients. Agents can earn huge amounts as commissions from corporate and individual clients.
Business Ideas for Other States: