Business Ideas In Pallavaram For 2024 (Low Investment High Profit)
Pallavaram is a city situated around 3 km from Chennai. The town is famous for its cantonment and bustling residential colonies. The town is served by Pallavaram railway station of the Chennai Suburban Railway Network. The town's cantonment and aerodrome were established during British rule.
The charnockite mining activities were carried out by the British in Pallavaram. The town is considered one of the oldest inhabited places in Southern India. Pallavaram is surrounded by lush greenery and hills. It is a prominent residential hub. The town is famous for Pallavaram hill made of charnockite rock. The town offers many residential developments. Pallavaram has good connectivity to the other parts of the city.
The city is an employment hub as many industries and IT industries are located in nearby cities. The most appealing fact about the rising residential estate is the affordability. You can invest in Pallavaram because of its –
- Physical infrastructure
- Social and retail infrastructure
- Nearby employment hubs
Statistical Table –
Entrepreneur's Story –
Jayamalini Kumaran is a home-maker. She met a man from Vellore who was practising Aari. Aari is a form of embroidery that is done by hand. Jayamalini practised Aari by herself and took orders to make blouses. She has turned her skills into a business and she teaches Aari to many students and women.
Bridal blouses are in demand with fancy work, and she has many customers for the same. She started it as a passion and never thought that it would become a business and get her income. This needlework has made her an entrepreneur, and she runs a successful small business.
What Is a Small Business?
Small businesses are a vital component of every economy. Small businesses are defined on the basis of their operations, number of employees they hire, and revenue earned by a firm. Small businesses can be solely owned, a partnership or joint-stock. Small businesses widely vary by industry, revenue, and employment. Small businesses are the key factors for the civilization of any country.
Over the last few decades, small businesses have flourished worldwide. It is difficult to define a small business as the definition varies from country to country. The main characteristic of a small business is that it is comparatively smaller.
Why Own a Business?
There are too many reasons to take a plunge. But if you have been thought of becoming an entrepreneur then you must consider that owning a business has a lot of advantages. Some of these are –
- Flexibility - Owning a business gives you flexible working hours. Initially, you may not get the flexibility but once your business is settled it will provide you with the flexibility to work.
- Call the shots - You set and follow the rules, you don’t have to worry about breaking the rules. After all, it is your business and no one else will set the rules for your business.
- No more deadlines - When you are your boss you don’t have to worry about hitting the deadline. While owning a business you can work according to the time that suits you.
- Build your team - When you start your business you are responsible for building your team. If you do a job then you are put to work with people that are chosen by the management.
- Create job opportunities - When you start a business you are self-employed and create job opportunities for others.
Ideas To Start A Business In Pallavaram -
There are many ideas that you start in Pallavaram. The Fynd platform has put up some best business ideas that can easily be started in Pallavaram –
1. IT Services
IT sector is doing well in Pallavaram. And it provides opportunities for you to start IT service business in the city. Providing IT service is a profitable business idea. There are many companies or professionals that can provide you with projects to work on as a freelancer.
There is a good potential for income from providing IT services. Tech-savvy mutual funds management agents, security advisors, and website development are some of the most demanding services in the IT sector. The state has a large availability of industry-related services. If you are an expert in technical know-how then it won’t be difficult for you to start an IT service business even if you can start a small IT company.
You can work with foreign and domestic clients. IT is a rapidly rising industry in India and the demand for IT services is growing worldwide. IT is one of the most profitable business to start in Pallavaram.
Income within the IT Services advertise is anticipated to reach US$17.41bn in 2022. The market's biggest fragment is IT Outsourcing with an anticipated advertise volume of US$7.14bn in 2022.
2. Food Delivery Services
There are many people who don’t have time to cook food. Food delivering platforms like Swiggy has seen an increase in the number of orders in the last few years. Food delivery service is a thriving business idea, and it will be appropriate to start a business in the food industry. The competition is quite high, but there is a huge scope in the market for food delivering services. There is a steep rise in the demand for Indian cuisines and mostly for the home delivery.
With technology-driven innovations, people have shifted their preference towards online food ordering. Becoming a norm this food delivery business is expected to grow in the future. Before starting a food delivery business you should define your niche. Define the area in which you will deliver the food along with targeting the audience. Before starting the business make sure that you have a strong delivery network. Starting a food delivery business is one of the most profitable business ideas to start in Pallavaram.
Income within the Online Food Delivery section is anticipated to reach US$12.14bn in 2022. Income is anticipated to appear a yearly development rate (CAGR 2022-2027) of 10.80%, coming about in an anticipated showcase volume of US$20.27bn by 2027.
3. Estate Agent
Pallavaram is famous for its residential areas. Starting an estate business or being an estate agent is a profitable business to start in Pallavaram. An estate agent plays an important role in buying or selling property. The estate market is one of the most promising industries in India.
To start a business in the estate industry you need to research and evaluate the market. Define your niche as many options are available it is necessary to define your niche. Estate agents are mainly paid a commission for their services. Make sure that your customers are satisfied with your services as they will give your reference to others.
As an estate agent be aware of the market conditions and offer something that is valued. With bustling residential colonies being a real estate agent is no doubt a profitable business. The business won’t demand a huge amount of investment, but it will give you high returns.
4. Recruitment Services
With IT companies and industries all over the town and the state, recruitment services are widely required. There are software that supports recruitment service business and makes it easy. The surge for business expansion has created opportunities for recruitment business and has an exponentially growing need for new talent to be recruited. Recruitment agencies are crucial in selecting the appropriate candidates for vacant jobs.
Before starting the business research and understand what factors will affect your business and define your niche. A recruitment agency has a huge scope that looks for job applicants. Big companies depend on recruitment agencies for hiring employees. Before starting a recruitment agency you should consider –
- Registration of your recruitment agency
- Get a website for your agency
- Buy or rent out space for office
- Have a PC or laptop
- Most importantly have a strong business plan
Starting a recruitment agency can be a high profit and fulfilling endeavour. And the best part about this business is that it has low risk involved.
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5. Tea Stall
Tea is an essential beverage and opening a year stall is profitable. Tea stalls opened in prime locations generate good amount of revenue. Opening a tea stall does not need huge or large amount of investment. Tea is a preferred business of all time all over India. There are different types of tea that are prepared. Tea can be made by traditional methods or by machines.
You can start a tea stall with a low investment. It is a profit-making business. You can also look for famous outlets and own their franchisee. Mornings without tea are incomplete. India is the largest tea producer and highest consumer. A tea stall is a perfect way to kick-start a small business. You will have to put in a lot of hard work to earn profits. There are varieties of tea that you can sell –
- Black tea
- Regular tea
- Masala tea
- Green tea and many more
Starting a tea stall is a profitable business idea and tea is an item that is sold at a premium price. The showcase within the nation is anticipated to witness a further development within the estimate period of 2022-2027, developing at a CAGR of 4.2%. In 2026, the tea industry in India is anticipated to achieve 1.40 million tons.
6. Start A Breakfast Joint
People from all over the town love to have idli, vada, and sambar. They are really popular not only in the town but also in the whole state. You can start a breakfast joint by renting out a space or owning a food truck.
You can even make the food at your home and sell it. Busy lives don’t allow people to cook but staying healthy is important. With so many employees working in the town require breakfast. Starting a breakfast joint is a profitable business to start, and it will give you good returns. Breakfast is a significant meal.
Decide what type of breakfast you will sell or delivering the breakfast is an alternative option. One of the advantage that a breakfast joint offers is that it is a low-cost meal as compared to other meals. Prepare and sell food items that are popular in the locality and decide your menu accordingly. Starting breakfast joint is extraordinarily profitable. The ingredients to make breakfast are also inexpensive and highly profitable.
7. Logistics Company
Many industrial activities take place in Pallavaram providing growth potential to logistics company. It can be road, air or water transport in the city. Make sure that your business covers or solves the logistical issue in the city.
Movement of goods is important to make them available to the consumers and movement of goods is handled by the logistics company. A logistics company and a transport company is not same. A logistics company handles the transportation of goods along with storage of goods.
A logistics company facilitates transport and courier services. Decide what services you will offer only to transport goods, or you will help with packaging or storage also. A logistics business is profitable to operate in Pallavaram. It is one of the lucrative business ideas to get started with.
8. Digital Marketing Agency
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Traditional marketing incurs high costs, so many companies have shifted to digital marketing, and it has created a demand for digital marketing agencies. You can start your digital marketing agency and offer digital marketing services to the local people. With the innovations in technology, most companies and even small businesses prefer digital marketing as it costs low in comparison to physical or traditional marketing.
To start a flourishing digital marketing business you need to have expertise in digital marketing skills, and you should know about the various digital marketing tools and platforms. Digital marketing can be done in various forms including videos, display ads, search engine marketing, social media ads and posts.
Digital marketing allows businesses to leverage various digital channels. Digital marketing involves digital communication. Digital marketing is important as it can thrive any type of business. Starting a digital marketing business is a profitable business idea.
9. Terracotta Jewellery
Terracotta jewellery is creating ethnic pieces of statement jewellery. Terracotta jewellery is mainly made up of clay and other eco-friendly decorative materials. You can start a terracotta jewellery business as they are currently in trend. The jewellery has demand internationally.
If you are good at being creative than you can start a terracotta jewellery business. Nowadays, Instagram stores are very popular that serve as a platform to many small businesses reach their customers.
Terracotta is the oldest form of jewellery that is made in India. Terracotta jewellery market is saturated, but it still has scope for newbies to enter the market. Nowadays, people prefer personalized jewellery rather than the traditional ones, and it has created demand for small designers.
Researching about the trend is one of the way to get the ideas about what jewellery you will make. Terracotta is a famous item of South India, and it has a worldwide demand. Seating a terracotta jewellery business is one of the most profitable business idea to start.
10. Computer Training Centre
If you are tech-savvy then you can use your skills to earn money. Starting a computer training business will be a suitable and profitable business idea for you. There are many options available for you to choose from for starting this business. It is a profitable and low-investment business idea.
You can provide computer training to school and college students. You can offer various courses such as Microsoft Office, photo editing course, programming course, trying course, etc. Everyone wants to polish their digital skills and a type of skills are demanded in businesses.
It is one of the most profitable business to start in Pallavaram as the demand for computer training centres have risen. Computer is now a part of everyone's daily life and the scope for earning high profit.
11. Event Management
As many companies operate in Pallavaram and nearby areas generates the demand for event management agency because the companies hosts events. If you are good at managing programmes you can start an event management agency in the town. Before starting a event management business build a solid business plan.
Start by researching the demand and need of your business. If you have experience in event management then no one can stop you from starting a flourishing business. Starting a business is a glamorous fantasy. Before starting an event management business define the services that you will offer. After you have your business in a place you have to decide the price for your services. Event management is a lucrative and profitable business to get started with.
12. Internet Cafe
Internet cafes are a profitable business idea to start in Pallavaram. It doesn’t demand many resources or employees. You should have computers and a good internet connection. The Internet helps to connect people to the outside world. Internet cafes are popularly known as cybercafé.
You can charge your customers according to the data consumed or time. Have a business plan as it helps to analyse and understand the factors that will affect your business. Starting an internet cafe will be a challenging task if you don’t have any prior entrepreneurial experience. Internet cafe is not a new business idea, but it is relevant. Internet cafes are found all over the world for various purposes. Starting an internet cafe is a lucrative and profitable business idea.
Conclusion
Starting a business is a lot of hard work. Pallavaram is situated in the state of Tamil Nadu and the state is one of the fastest-rising economies. The city and the state both are industrialised and urbanized.
The state has an excellent scope for IT industries and reacted businesses. Pallavadam is close to Chennai that adds to its value in starting a business. The state of Tamil Nadu is one of the greatest economy of the country.
The Fynd platform will help you easily run your business. The Fynd platform has also suggested you with some best and suitable business ideas that can be started in Pallavaram. You will be able to find numerous ideas in various cities on the Fynd platform.
