47+ Business Ideas in Mysore [Updated List for 2024]
Mysore, or Mysuru, is one of the famous cities in the southern part of Karnataka. This city carries the age-old tradition and culture of Tipu Sultan and Hyder Ali. Mysore's cultural ambience and achievements helped earn it the moniker of the Cultural Capital of Karnataka.
Mysore is also famous for various heritage structures like the Mysore Palace, St. Philomena's Cathedral, etc. In Mysore, business development has been started by the Karnataka Industrial Areas Development Board (KIADB). The board has built up four mechanical ranges in and around Mysore, within the Belagola, Belawadi, Hebbal, and Hootagalli ranges.
Another major region near Mysore is Nanjangud which can be a disciple town to Mysore. This area boasts being 2nd highest VAT / Sales Taxpayer, which is more than ₹4 billion. Retail is another major part of the economy in Mysore.
You will be amazed that Mysore has been blessed with National and International Investors And Entrepreneurs in the last few years. All these factors allow you to start your business in Mysore.
Besides all kinds of industries, there are many government organizations such as CFTRI, DFRL, CIPET, BEML, RMP (Rare Material Project), RBI Note printing Press and RBI Paper Printing Press. So starting a business in Mysore will not be a matter of regret; rather, you can expect huge success in the city of heritage.
Mysore city is also well-connected with other states and cities with rail, road, and buses. National Highway NH-212 connects the city. Apart from this, state highway 17 is also developed as a four-lane highway.
A new transportation project is also undertaken by the government named Trin, funded partially by the United Nations. This project follows a great objective: to encourage people to use the bicycle in preference to motorized modes. This will help to decrease environmental degradation.
Mysore railway station is connected to three main cities, Bangalore, Mangalore, and Chamarajanagar. In Mysore, a domestic airport is also present. So the transportation system is quite developed in Mysore.The weather in Mysore is quite sober. The city bears a tropical savanna climate bordering on a hot semi-arid climate. Summer, monsoon, and winter are the main seasons in Mysore.
In Mysore, The third edition of TechBharat 2024, an agriculture and food technology conclave-cum-expo is going to take place where various ideologies will be shared, and people of the same backgrounds will meet and interact about various business ideas.
This place is also a prominent place for having well-known businesses. Here are some of those:
- Tourism industry
- Mysore sandalwood
- Mysore silk
- Mysore silk
Entrepreneur’s Story Of Mysore
Mysore is a city of culture and heritage. There are lots of things that tourists can discover. As the local people did not know a few things about this historical place, the new-age entrepreneur Vinay Parameswarappa created a great solution to discover the city with a new view.
Vinay started his entrepreneurship journey with his new venture, Royal Mysore Walk, which provides people with offbeat tours that promise to show Mysore like never before. According to Vinay Parameswarappa, this journey will help people get a new view of the Mysore tour. Besides, through this business venture, local people will also get benefits.
Tonga wallas can get help to earn more from his new ventures. Artisans will also get help by directly selling their art and crafts products to travellers. Vinay also considered other local sites like sweet shops, incense makers, Silks (quite famous in Mysore), etc.
Artisans can create customized gifts or souvenirs for guests or tourists through the Royal Mysore Walk. With the ideology and help of Vinay, this Royal Mysore Walk gives all kinds of authentic and enjoyable experiences in Mysore. Vinay always believes in the real flavour of the city of Mysore that lies beneath it.
What Is a Small Business Idea?
As you know, Mysore is an excellent choice for taking off a new business; gaining a wholesome idea for a small business is mandatory. So here are the details of small business ideas.
A little trade is a secretly possessed enterprise, organization, or person proprietorship with fewer workers and less yearly income than an enterprise or regular-sized commerce. One of the benefits is that little trade thoughts can incorporate the same quality administration frameworks found in bigger enterprises.
Most people want to own their own business but hesitate due to huge investment issues. Their dreams stay the same. In this situation, the best option is to start a new venture with low investment, known as a small business. In a small business idea, sometimes the owner may not even need labour, an employer, or big investments.
Choosing small business ideas means there are lots of perks and benefits:
- A small business gives you the opportunity to be your own boss.
- According to a survey by economic institutions, 76% of new-age entrepreneurs are quite successful and happier with their new small business than any employer in a giant company.
- Starting your own business is proof of your inner entrepreneurial spirit that is packed with self-confidence and real-time problem-solving skills.
- Many new-age small business ideas help the local community with their products and services. This can have a positive impact on people.
- If you can meet a natural entrepreneur who is passionate about their work, you can see that they can work for a long day without any hesitation or frustration. So basically, if you can follow your passion by turning it into a profession, no one can stop you from being successful.
- Small business means less administrative body in a business. That means you are the only one who has to connect with your clients easily face to face. This will help you to understand the development and growth rate of the business.
- In small business, people know about your particular genre, and you can understand your own specialism.
- As a small business owner, you have to be engaged with all aspects of your business. This will help you to get lots of opportunities to gain a detailed understanding of the various business functions and responsibilities.
- It is true when you are running a new business, there will be stress, risk of financial state, undesirable duties; and extra time commitment, but when you will get success from your own business, nothing can beat the happiness of that.
Business-related Statistics in India
India is a country that is filled with lots of young talents and masterminds. Many people continuously try to thrive in the economy with their small ventures. You will be amazed that In India, every year, more new startups are getting new registration from the Indian government.
According to economic statistics, a total of 14000 startups got registration by the Indian government. Now, 62000 startups or small businesses are there; and those are running successfully. Among all of these, a total of 44 new startup ideas were turned into unicorns. Unicorns are those which have a valuation of $1 billion.
According to the previous year's survey record, 83 unicorns are there in India, which holds a total valuation of $277.77 billion. Another interesting fact is unicorns contribute nearly 50% of India's GDP. So you are also the one who can start your own small business to succeed in life, and then you are good to go.
Best Small Business Ideas in Mysore For 2024
1. Tour Guide
Mysore is enriched with Indian heritage and tradition, which includes stunning scenarios, forts, monuments, spectacular culture, overwhelming traditional festivals, waterfalls, temples, and whatnot. As the city of heritage is the home of many sightseeing locations, you can start your business in Mysore as a tour guide, where you can help people with useful travel guides.
You can start your business by providing affordable tour packages to your customers to satisfy them. One of the famous startups in the travel and touring guide business is BIZZO which launches “GoMahabaleshwar”. This aims to encourage all kinds of local service providers and businesses on one site (source).
2. Car Rental Service
As Mysore is a tourist place, the demand for car rentals is always high. You can start your own car rental company to help people by providing them with cars so they can travel easily. This business is so helpful for newbies. Before stepping into this business idea, you must analyze the whole car rental business model.
Build your car rental model with an online booking facility. Besides, one needs to operate day-to-day management of car rental and details. Also, applying for trademark registration, along with GST tax registration, car registration, etc., is a must-have.
3. Organic Food Service
People now understand the meaning of the famous saying, "health is wealth". Almost all of today's young generation wants to be healthy and are figure-conscious. They are now trying to find something that is organically grown, fresh, chemical-free, nutrient-rich, etc. You can start supplying them with these organic food products.
Stepping into the organic food store may need a few important steps. One of the most significant is The Food Safety and Standard Authority of India or the FSSAI registration. Also, you should be aware of the nutritional value of every product. Marketing, on the other hand, should be handled carefully.
4. Wedding Planner
Wedding planning is now a whole business idea because weddings require a lot of things to do. As a wedding planner, your responsibility will be huge. But if you can carry out this responsibility professionally, you can start this business in Mysore.
Starting your wedding planning center will need a strong connection between vendors and suppliers. You need to be very creative, and the public relations strength should be quite strong. Promoting your business also works well to get proper viewers and potential customers.
5. Coffee Shop
Coffee or tea is the most preferred beverage of all. Besides, people love to spend time in a café with coffee or tea. You can add various coffee types along with a few eatables. Start this business with low investment and get a huge return. If you have a budget for interior decoration, you can decorate your coffee shop with a royal ambience.
6. Event Management Company
Every day, the number of people celebrating something is growing rapidly, so a professional event manager is necessary now. You can start with professionalism, proper guidance, setup, etc. This business is now a very demanding business idea in Mysore.
7. Tutoring
One of the best business ideas without any investment is tutoring. Online tutoring came to the limelight, especially after the COVID-19 pandemic. To start this business, you need a proper internet connection and a smart device like a laptop or smartphone.
You can share your tutoring schedules with the students via various online tutoring apps. On the other hand, Home-based tutoring is the best learning method for students, where students can discuss their doubts with the teacher face-to-face. If you are competent enough to start your home tutoring service, you can start it soon.
8. Security Company
All industries need safety and security measures to keep everything intact. So, they are now hiring in safe hands. If you think you are the one who can provide the ultimate security to businesses, you can start your security agency. You also have to hire a few people you need to train to provide the best services to clients.
9. Bakery Business
The bakery business is an evergreen business idea. This business also requires very minimal investment. If you want to start your bakery in Mysore, that will be an amazing choice. You can also start an online delivery service and various food delivery apps.
No doubt the business will give you a huge profit. In the future, you can also grow your business by setting up a store in a prime location. In that case, you must obtain GST, tax, FSSAI(Food Safety and Standard Authority of India) registration, etc.
The Indian bakery advertisement stood at about USD 7.60 billion in 2020. The showcase is encouraged to develop at a CAGR of 8.5% between 2021 and 2026 to reach an esteem of USD 12.39 billion by 2026.
10. Mysore Pak Preparation
Travelling in Mysore and not getting the taste of Mysore Pak means your travel in Mysore is incomplete. It has a huge demand in various Indian states and foreign countries. You can start making Mysore Pak at your own pace and selling at the local market.
No doubt, this business idea in Mysore will be the most successful one. Main ingredients like premium quality ghee, sugar, gram flour, cardamom, etc., are needed to start your Mysore Pak business idea.
11. Sandal Soap Production
Sandal soap production is already a famous industry in Mysore. You can also enter this business if you know the ingredients and preparation methods properly. Before distributing your products, you need to get all the registrations immediately from the Indian government.
12. Bookstore Business
Starting your bookstore is also a good option to start with. If you are an avid reader, you can start your journey in the bookstore business. But before starting this business, you need to know about the proper location of your shop and accessibility through roads.
13. Blogging
The blog is an online magazine where people can learn about various topics. If you want to start your blogging, you have to set up a website first. You must choose one specific genre: food, cooking, travelling, business, gaming, personal care, etc. The demand for blogging is touching the sky.
So you can earn well with this small business idea. Also, you need to understand that blogging is one of the most prominent ways to create a long-term audience for your thoughts. Before starting a blog, ensure you have proper knowledge of blogging strategy so it will be easier to monetise soon.
14. Content Writer
All businesses need a style of marketing copy that will mention their products or services differently. They hire content writers to create their unique marketing copy; If you have a passion for writing, you can start writing for those businesses.
It would help if you remembered that content writing had been the pillar of digital marketing for a decade. It is necessary to create a viable business plan beforehand, and if you need, you can also have a pool of creative content writers beside you. Sometimes, technology also helps to get a proper streamline in your content writing agency.
15. Driving School
The demand for public cars is increasing, and driving learning is also growing. If you are expert enough to teach driving to others, you can start your driving school. To start your driving school, you must have an Insurance Policy, a Licence Sales Tax Registration Certification, a Sales Tax Licence, and UIADI.
16. Ola/Uber Driver
This Mysore business is perfect, especially when the investment is almost nil. You can also work on a flexible duty. You need to have your driving licence. Furthermore, you can earn a handsome amount in this driving business 24×7.
17. Photography
If you are wondering how to find your clients if you are going to be a professional photographer, your options are endless events, parties, birthdays, weddings, DJ nights, and whatnot. If you are equipped with a professional camera and an eye for a great photo, then your small business idea in Mysore will be profitable.
You may need some experience with how to take photos. Want to get more exposure? Set up your Social media pages where you can upload your previous work as a portfolio. It will work well.
18. Videography Business
Videography is something that can capture a whole moving moment through a lens. Though you need to invest a bit upfront to get professional lenses and equipment, the return from this business idea is quite high. Also, create a website where you will upload your previous works on videography to attract people to your works. Make sure you also possess a high-end knowledge of video editing tools.
19. Gym And Fitness Center
These days, people take more care of their health and fitness. This is the main reason to open a gym. If you are considering opening a gym, you need to give clients a detailed range of fitness solutions. Exercise is a proven remedy for depression, anxiety, low self-esteem, and other common mental health problems. Start your gym and fitness training centre business in Mysore.
The Indian gyms, well-being and wellness clubs are anticipated to produce up to incomes of $0.6bn in 2020, speaking to a compound yearly development rate (CAGR) of 11% between 2016 and 2020.
20. Small Restaurant
Small restaurant ideas can work well, especially in a place like Mysore. Every day there are lots of tourists roaming across the city. Opening a small restaurant will help you to get a huge profit easily.
21. Mobile App Development
If you are a professional developer with good app development skills, then this business is suitable for you. You can start this business freelancing or full-time for many websites and small business owners.
22. Web Development
Almost all companies now pay attention to their web pages because a professional webpage attracts clients. Web development has become a booming business today. A tech-savvy and creative web designer can go for this business idea in Mysore.
23. Consultancy Service
Nowadays, consulting is quite a trending business everywhere. The benefits of a Consultancy Business are quite broad. You can start your consultancy firm easily with good communication skills and knowledge of wide sectors.
24. Wellness Coaching
In this digital era, people are experiencing huge screen time in the office and at home. This long screen time is the main reason for mental stress, headaches, and other problems. In that case, people need a wellness program to maintain a healthy life even after spending a lot of time in front of the screen. You can start your wellness coaching classes through which people can get help for their lives.
25. Furniture Business
Furniture is the most demanding item in residences and commercial places. Selling furniture can be a good business idea in Mysore. You can handle this business offline and online. You must provide the catalogue of furniture products with actual size and colour availability.
26. Catering Service
Another easy-to-start business idea is a catering service. You may know that almost all events, programs, weddings, etc., need to arrange food for all. But taking care of food is not easy. You can start working as a caterer on those occasions. This idea may need a few investments, but not much. You also have to hire a few associates to help you. But the return from this business idea is quite high.
27. E-Commerce Business
E-commerce business is a trending business idea in Mysore. There is a huge demand for every category of products on e-commerce sites. It will be an absolute choice if you want to join this business venture. You can do online business 24 hours a day, seven days a week.
28. Yoga Training Center
Yoga is another way to keep our health and physique fit and strong. To start your Yoga training centre, you must have a piece of proper knowledge of Yoga. Also, you may need a Yoga licence or certification of your own.
Pick your type of customer or set a time for various age groups so people can feel comfortable around your training center. In this business idea, the investment is quite low, and later you can expand your center as per the demand. As people are now quite health-conscious, your business will fly to the sky soon.
29. Drop-shipping Business
If you are a new business person, you can start your online business by taking up the drop-shipping business ideas. You do not need to stock materials, manage inventory, ship, or rent something in a drop-shipping business; you can start working through various trustworthy online suppliers.
30. Digital marketing
Digital marketing is a completely home-based job that you can start with little investment. To provide your service to your clients, you first have to create your website. It would help if you also were good at SEO tools. As we live in an age of digitalization, everything we use will be digitized.
You can also do the marketing strategy through the digital medium. You can start this as your business from your home. Though you must be very professional before starting this business, the success rate is huge for this modern-age business idea.
31. Babysitting Or Childcare Services
These days, people depend on babysitting or daycare services, especially working parents who rely on this business idea in Mysore. The daycare business includes taking care of children properly. If you can care for children, you can start your own trustworthy and professional daycare service.
32. Fresh Water Aquariums
This is a small business idea you can enter with low investment. It would be best if you made purchases of a few sizes and designs of aquariums. If you have proper knowledge, you can also start breeding fish. Along with the aquarium, you must keep decorative stuff, food for fish, etc.
33. Nursery With Gardening Equipment
Another home-based business idea is the nursery and gardening equipment idea. In this era, the demand for plantations is growing. You can start supplying saplings to people with proper guidance to take care of those saplings. You can open this business from your home. Additionally, you can sell packets of fertilizers, seeds, and other garden requirements.
34. Jam Or Pickles Business
One of the most demanding side dishes is jam, jelly, or pickles. You can start preparing these delicacies at your own home. Later, you can sell them on various social sites and local markets.
35. Candle Production
Making candles is quite an easy small business idea where you can earn a good income. People also demand decorated candles, personalized candles, Diwali candles, and gifting boxes of candles on various occasions. This business also does not require a lot of education. It is so easy to start.
36. Pet Care Services
People love their pets. But sometimes, it is tough to take care of them, especially when the owner is outside or busy with a tight work schedule. If you are well versed in handling pets, this is a great business you may consider. Besides, this is a small business that requires low investment.
37. Soya Products Business
Soya products are now in demand as lots of people are going vegan. Vegans now demand soya milk, tofu, soy flour, chunks, etc. If you can prepare these items, you can start this business easily.
38. Signboard Creation
All businesses need signboards to showcase their names and service, or products. They use two kinds of signboards, generally-painted and neon boards. If you can create these designer signboards at a very affordable cost, you will suddenly get huge clients. This business is also quite profitable.
39. Personalized Gift Store
People are fond of personalized gifts because these gifts are a unique way to show love and care. Your art and craft idea will bring you profit in this business. You can start taking orders for various corporate gifting events.
You may also customize it as per their company names. Try to get word of mouth from your clients because this can be the best way to get huge reach to your business easily without extra marketing effort.
40. Packaging And Moving Service
As people are moving from one place to another, they are hiring professional packers and movers to help them shift and maintain items without damage. You can start this business by providing your clients with the best service. Your business can be divided into local shifting, interstate shifting, office relocation, household relocation, packing-unpacking service, car transportation, etc.
You have to maintain on-time delivery, the safety of items, value for money, easy terms and conditions, etc. Don’t forget to create a personalized website where all kinds of services are mentioned with detailed information. It will help your clients to get insight into your business idea.
41. Homemade Chocolate
With some chocolate-making skills, you can start your own homemade chocolate business. Homemade chocolates are sold by almost every gift store. No doubt, the business will be quite profitable. To start a chocolate business, you must obtain food registration, a licence, and other mandatory documents.
Sometimes, you may need approval from the local health department because your products will be for public consumption. You can also showcase your business on various social media platforms, like Facebook, Instagram, WhatsApp, etc. This will help get more buyers easily, and chocolate is a very delicate food item loved by all.
42. Customized Dress Designer
Sometimes, people love to design their dresses as per their choice. To make their dream choice come to real life, you can start your fashion boutique where you will make personalized orders for clients. This business will give a huge return.
43. Air Conditioner Maintenance
Air conditioners are an essential component of several households and all offices. But higher demand means higher maintenance. It would help if you had the basic tools and a skilled workforce to start this business. Also, sometimes state documents and licence can be easier to start your business easily. Having such licences will add credibility and stability to the business.
44. Skin and Beauty Treatment
Almost everyone loves to be beautiful by their appearance. Men and women are now finding various face therapy that can make them more beautiful. If you possess many therapeutic ideas, start your skin and beauty treatment center.
45. Translation Service
Mysore is now attracting many foreign companies and investors because the IT industry has recently been growing. This has a good effect on polyglots. If you have a good grip on several languages, you can start this business idea in Mysore. Translators may be required to translate texts and documents from one language or two to another. This business idea is quite profitable nowadays.
46. Real Estate Agent
Want to start a business that includes renting, selling, purchasing property, etc.? The best option is to start your career as a real estate agent. As a real estate agent, one needs to supervise the selling and leasing any property.
47. Professional Cleaning Service
Nowadays, cleaning service is very demanding because people are getting busy and cannot take over a load of cleaning service. Cleaning is mandatory whether on a commercial site or a residential building. People are now hiring professional cleaning services to make their work happen easily. You can use this opportunity to start your own cleaning service company.
48. Flower Business
The flower business is quite a profitable business idea. Flower decoration is not just limited to a few occasions. Flower decoration is now cherished for almost every occasion, like weddings, birthdays, casual parties, corporate events, home decoration, brand launching, etc. Flowers are always satisfying as well as aesthetic too. If you want to feel the calmness of flowers and start your profession with this floral care, start your flower business.
49. BNB Service
If you own a nice place with a big property maintained well, you can think of this business. This will work well if you can offer various amenities. Converting your place into a BNB will be a good option.
The heritage site of Mysore is huge, and it is known that people from other states and countries come to this city to experience its royalty. Many people love to experience the authenticity of the city of Mysore, and if you can do so, you can earn well.
Conclusion:
Taking off a new small business can be daunting at first. It will include lots of important work that has to be done in a business. If you need help with these mandatory works in your small business idea in Mysore, you can use the Fynd platform- one app for all your business data.
Fynd is a well-known e-commerce business platform that is good for newbies. It provides all kinds of business-related tools to sell and manage your products at your own pace. Also, if you want to create your website to display all kinds of business information, you can use this platform. Want anything more? Start taking off your small business idea in Mysore and enjoy your rewards!