Home Business 25 Best Business Ideas In Bihar For 2023 • EarnKaro

25 Best Business Ideas In Bihar For 2023 • EarnKaro

by PoonitRathore
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Bihar is a landlocked state in North India with a population of over 11 crores. The state is the third largest state in the country according to population and ranks twelfth in area. Bihar is known for its mesmerizingly diverse culture, food, and historically important architecture. Due to all its specialities, Bihar is one of the best places for anyone to start a profitable business. The state offers entrepreneurs different opportunities in urban, suburban and less developed areas. Today, we have brought you a list of businesses that can emerge as some of the most successful businesses in any place across Bihar. So, let’s get started!

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Key Insights of Bihar

Map of Bihar
Map of Bihar
Capital Patna
State Rank 12th in India
Official Languages Hindi
Total Population 104,099,452
Bihar GDP ₹7.89 lakh crore
Official Website https://state.bihar.gov.in/
Source

Why Should You Start a Business in Bihar?

1. Affordable Resources:

Bihar is one of the most affordable states in the country in terms of labour, electricity, & every other resource. Any business can thrive in this state due to the abundant availability of resources at a price available nowhere else in the country. Businesses can also gain an edge due to the low cost of production and running their business.

2. Government Schemes:

Both central and state governments have focused on bringing Bihar to the forefront of economic development. The state is one of the largest manufacturing hubs in the country and is always ready for more development through increased investment.

3. Population:

Ranking third on the population chart, Bihar provides ample opportunities for businesses to market and sell their products to a large chunk of people. Businesses can always scale up to reach out to more parts of the country.

List of Top 25 Bussiness Ideas in Bihar

1. Affiliate Marketing

illustration of marketing
Illustration of Marketing

One of the least capital-intensive & easiest online businesses to start, affiliate marketing is a partnership between an online retailer and a marketer. The marketer gets a commission for promoting the online retailer’s products and services. Affiliate marketing is a great choice in a state like Bihar as it does not depend on the local aspects. You can promote products to anyone across the country, and whenever they buy a product, you will earn a commission.

2. Tourism Agent

Travel agent consulting with clients
Travel agent consulting with clients

Bihar is rich with heritage and sublime cultural history. A large number of tourists from all across the country and the world visit Bihar to get immersed in its extensive culture. The state is famous for places like Nalanda University, Bodh Gaya, and Barabar Caves, among many other destinations. Starting a tourism agency in Bihar is a great idea. As an agent, you can provide travellers with all their requirements like transport, lodging, food, tour guide, and much more.

3. Farming

View of a farming
View of a farming

Bihar is a part of the most fertile belt of land in the whole country. The state is known for its great cropping ability and is a big producer of paddy, wheat, maize and pulses. If you are someone with a practical experience in the field, you can always start a farming business by planting and selling crops yourself or by hiring professionals to work on your farm. Either way, it is a great business due to increasing crop requirements in the country. The government is also pushing production through policies like Atmanirbhar Bharat Abhiyan.

Moreover, if you are looking to start a business in your village but don’t have enough capital. Don’t worry, we will help you with this, check out our blog, where we have mentioned some of the best 0 investment business ideas that you can initiate while staying in your village.

4. Educational Institution

Collage degree and certificate
Collage degree and certificate

Although Bihar is a great production hub, it lags behind in educational rankings. The state is one of the least literate states in India. If you are thinking of a business, looking into starting an educational institution in the lesser developed areas of Bihar is advised. The prospects are huge due to changing perceptions of the local citizens regarding education.

5. Trader

Image from a warehouse
Image from a warehouse

As large producers of different products like crops, sarees, carpets, and other woven products, manufacturers also need traders to connect with the public and sell their products. You can use their need to your advantage by building a trading business to provide these manufactured products nationwide. This is a low investment opportunity as you do not have to buy or produce any product. All you need to do is create an efficient supply channel, and you can charge commissions from producers for selling their products.

6. Manufacturer

manufacturing unit in a  company
The manufacturing unit in a company

This article would only be complete if we mentioned the benefits of starting a manufacturing plant in Bihar. As we mentioned above, Bihar provides cheap labour to businesses. People can start businesses in industries like tyres, silk, wheat processing etc. and gain the advantage that Bihar provides to every manufacturer in the state.

Business Ideas for Other States:

7. Fish Market

Fisherman selling fish
Fisherman selling fish

Like many fish farmers in Bihar, the industry is booming in the state due to constant demand from the public. According to a report by NITI Aayog, Bihar produces 2.8 million tonnes of fish against a demand of more than 4 million tonnes. You can become a fish farmer or employ people to hunt fish for you and start a profitable fish market. Due to its geographical location, Bihar has the largest river in India – the Ganga flowing throughout the state that provides a large number and variety of fishes to choose from.

8. Logistical Support

logistical support illustration
logistical support illustration

As one of the biggest service providers in the country, Bihar has a large population of skilled and unskilled labour. A logistical company is beneficial due to its low investment requirement and huge returns. Logistical companies handle activities like labour – temporary and permanent, deliveries, storage etc., for startups and well-established players. Furthermore, also do have a look at our guide to the most profitable business in Kerala and check out if you can start the same in your state.

9. Coaching Institute

Students in a coaching institute
Students in a coaching institute

This is no secret that Bihar produces the country’s highest number of public servants. Many IAS officers hail from Bihar, and you can use this as a great business opportunity. Starting a coaching institute for careers like IAS, PCS, SSC etc., can be profitable in Bihar due to high demand and less supply. Ensure to employ highly trained and experienced teachers in your institute to gain popularity among the masses.

Furthermore, we have also walked through some of the top low-investment business ideas in Kolkata in our recent blog. Go through it and get ideas.

10. Online Store

Online store Illustration
Online store Illustration

In a 2021 survey by eBay, Bihar came out on top among the 10 states with the highest proportion of new small company owners. These figures are the reason that creating your own internet store can be a great idea in Bihar. Sellers can sell anything from indigenous Bihar crafts, clothing, food items, or anything else. People who have already established their businesses offline can build online stores to maximize their reach.

11. Organic Fertilizers

Organic Fertilizers
Organic Fertilizers

Bihar is a major agricultural hub in India. The state produces rice, wheat, maize, and pulses in massive quantities. Agriculture contributes to about 25% of the Bihar economy. The fertilizers industry goes hand in hand with agriculture. Business owners can sell high-quality organic fertilizers to farmers and landowners to rake in huge profits for their businesses.

12. Honey Production

Jar of Fresh Honey
Jar of Fresh Honey

Bihar is famous for its indigenous honey including varieties like Litchi, Mustard, and a mix of Mung, Till, Jamun, and Drumstick. The industry which includes more than 9,000 beekeepers provides a big business opportunity for worthy entrepreneurs. Business owners can set up manufacturing and processing plants, packaging plants, warehouses, logistical support, and much more in the honey industry and take advantage of the beekeeping culture of the state.

13. Digital Marketing

Digital Marketing Illustration
Digital Marketing Illustration source

The Internet has made it possible for people to flaunt their skills while sitting within the confines of their homes. Digital marketing is an umbrella term that includes all aspects of marketing done on the internet as well as through other digital means. Different techniques like Social Media Marketing, Affiliate Marketing, Influencer Marketing, Paid Advertising and much more come under the term ‘Digital Marketing’. Entrepreneurs can earn a good amount of money by providing their professional services to companies and high-worth individuals right from the comfort of their homes.

14. Start a Gym

Gym
Gym

Fitness is the name of the game in 2023. Ever since the COVID-19 pandemic, people have become more aware of their health and fitness. Opening a gym with trained professionals, good equipment and a safe environment can be a great moneymaker in any part of Bihar. It might require some capital investment in the form of equipment and space, but the returns can be exponential.

15. Sell Litti Chokha

Litti Chokha is the traditional dish of Bihar. People are both emotionally and eclectically attached to the dish. Entrepreneurs can start selling Litti Chokha under their brand name to boost their reach among the Bihar natives. They can also get massive monetary returns for their efforts.

16. Start a Salon  

In Bihar, opening a salon is a very lucrative business idea. Today, Bihar is a growing market for beauty parlours. Although the initial expenditure is little, the key factors are location, talents, knowledge, and retail operations. Patna, Muzaffarpur, Gaya, etc. are great markets for the salon industry.

17. Wheat Processing

Wheat Processing
Wheat Processing

Wheat mills sometimes referred to as Chakki, are another excellent business venture in Bihar. Bihar is well recognized for having plenty of plains that are suitable for growing crops, cheap land, and plenty of water. There is a good demand for mediators who can manufacture the final product from the raw material. Entrepreneurs need to use the right tools, such as besan-making machines and atta chakki machines, to run a profitable processing business.

18. Franchises

Like any other state in India, Bihar is also seeing an increase in the number of international and national restaurants, food chains, cafes, etc. Entrepreneurs who have the ability to put up an excellent upfront investment in their business can think about opening a franchise for a famous brand in their region. Franchises bring recurring returns for both the brands as well as franchise owners.

19. Renting Agency

The simplest way to make money in Bihar is to start a rental business. Individuals frequently prefer renting items for a day, a week, or months rather than spending money on something they will only use briefly. Rentable products include party supplies, furniture, clothing, toys, books, bikes, and automobiles.

20. Pickle Making

The pickle market is enormous in India since there is great demand both domestically and abroad. It is simple to start a pickle-making business from home. Hardly any money is required for setup, equipment, or labour. Entrepreneurs can earn enormous profits in the pickle-making business by experimenting with new flavours while using top-quality ingredients.

21. Start a Silk Store

Bihar is a hub for silk production. The most famous kinds include Tussar, Mulberry, Bhagalpuri, and Eri silk, all of which are produced in large quantities in Bihar. Entrepreneurs can become manufacturers, wholesalers, or retailers and deal in different types of indigenous silk items in Bihar as well as the whole of India.

22. Sell Handicrafts

Mithila paintings, often referred to as Madhubani art, Tikuli paintings, and Manjusha paintings, all of which are a speciality of Bihar are well recognized around the world. Art lovers spend thousands of dollars to purchase an original print. Entrepreneurs can associate with the right manufacturers and sell crafts at a huge markup to consumers.

23. Computer Training Center

Bihar is a developing economy with increasing numbers of literacy and learned professionals. There is a tremendous need for quality computer instruction for people to make it big in their careers. Starting a computer training centre can be a profitable business venture in Bihar. Centre owners can teach individuals themselves or can employ professionals to teach their clients. Different skills like graphic designing, video editing, coding, illustrating, fast typing etc. can be taught to the learners.

24. Tailoring

Tailoring is a skill-based business that can be started with just a sewing machine. Simple stitching and sewing are a good place to start. Business owners can later incorporate designer clothing and transform their businesses into boutique shops.

25. Xerox & Printing Shop

A simple yet successful business concept is a Xerox and printing shop. You can earn a great deal of money by investing in printing and xerox machines. Although this business has potential, the location of your shop highly influences your success. For greater growth, open a printing business close to a school, college, or governmental building.

Things to Remember

1. Customer Perception

Bihar has a huge difference in customer perception regarding the state’s urban and suburban areas. When considering starting a business, it is important to understand what the residents think of your venture and if they are willing to engage with it. This helps you solve one of a business’s most important problems – Sales.

2. Competition

Every industry invites competition. Some are more competitive than others. Your responsibility is to consider the competitor’s strategy, sales, customer base, supply and demand, etc., to understand the industry better and to know if you can do a successful business out of this industry.

3. Money

Money is the most important thing for any business. New ventures can only survive with ample money in their hand. This tip comes in two ways – Before starting a business, you should check if the industry that you are planning to enter into is suited to your budgetary constraints or not. Secondly, after starting a business, you need to save some amount as an emergency fund for your business if things do not work out the way you had hoped.

In addition to this, we would also like you to go through our latest blog, where we mentioned small business ideas in Assam that can be started with almost zero investment. Do have a look.

Conclusion

Bihar is at the pedestal of economic development. It is a new day for the state, which is hoping to become a hub for manufacturers and service providers alike. Check out our list, follow the best practices and create a successful business for yourself today!

FAQs

Which business in Patna, Bihar, is the easiest and safest to begin?

Some of the best businesses to start in Bihar are restaurants, management consulting, professional tutoring, wheat mills, retailer, and salon.

Which areas are the greatest for investment in Bihar?

There are various places where you can invest, like clothes boutiques, publishing houses, digital services and promote handicrafts.

Which sectors in Bihar are best for business?

One of the best industries to launch a business in is the production of silk, jute textiles, and sugarcane. In addition to this, there are grocery stores, cafes, tutoring centres, and resorts.

Name some of the best businesses for sale in Bihar.

Some of the best businesses for sale in Bihar include designing and printing garments, creating your digital services, writing and launching a book, sell handicraft products.

Is Bihar good for business?

Bihar is a great area for operating a successful business. India’s seventh-largest economy in terms of food production is Bihar. The food processing industry offers enormous investment prospects. It is well known for its sugar, silk, and jute industries, among other things.

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