Looking to invest in Hyderabad? These are The Best Small Businesses
Hyderabad, known as ‘The City of Nizams’ and located on the banks of River Musi. It is an attractive tourist place, the largest city and the capital of the state of Telangana. The amazing architectural monuments will surely attract you to the charming magic of the city. Many traditional and ancient markets are here with world-famous Hyderabadi biryani.
It is the largest contributor to the GDP, tax, and other revenues of the state of Telangana, India. Being the 4th largest credit center in India, the city also is known for its landmarks and heritage monuments, displaying the marvelous relics of a vast array of architectural styles. With such a rich culture, it is famous for its literature, arts and handicrafts, and above all, the variety of cuisines.
From small tea stalls to large Indian companies, the city is proven to be a hive of business activity from time to time. You will find huge business opportunities in this city. To establish a business in Hyderabad, you need an idea that has a great growth rate and profits. In this city, there is always a lot of new and successful business opportunities that open every day with a unique approach.
Here we have a list of the best small businesses to open in Hyderabad city:
1. Tailoring and Fitting Business:
Tailoring business is a very profitable business idea here in Hyderabad as the culture here always known for the amazing outfits. If you have the skills for tailoring, you can even start the business with just one sewing-machine and expand it on a large scale with time. As the business grows, hiring tailors as employees can be a good step ahead.
2. Grocery Delivery Service:
Nowadays, people are short of time as they have to maintain their lifestyle. A business idea of delivering their groceries and stuff at their doorstep can perform very well. This will save the customers time, provide them convenience, and help them having everything on track. You can also collaborate with different companies as sponsors, which will help in adding more capital to your business and grow it on a big scale.
3. Antique Dealing/Business:
Hyderabad is famous for its antique items. Not a hefty investment is required to start this business. It offers a feel of luxury as you have to deal with different types of antiques daily and nobody knows what would be in front of you the next day. This business requires a good eye for antique items and they can be of any sort. You should have knowledge about these things in order to make good profits.
4. Tour Guide/Tour Agent:
The city of Hyderabad has a lot of famous historical buildings. Charminar is the highlight of Hyderabad as it is five centuries-old, it attracts tourists across the globe. Living in Hyderabad can be a profitable thing for you because you already know most of the history. As you know the area well, you can start as a personal guide and set it up as a business.
5. Jewelry, Stones & Gems Business:
Go and talk to jewelers which are available locally, about becoming their affiliate. By selling their products you get your commission. Build a website with your own brand name, and sell third party jewelry online with a bunch of jewelers. It doesn’t require a huge budget although you are not opening a physical jewelry shop. With a little effort, you can get into a big business. You can also have your own packaging for a sweet touch,
6. Restaurant/ Food Truck:
When it comes to taste, people love to eat no matter what their financial situation is. On the other hand, Hyderabadis are born food-lovers. Hence, owning an eatery or a restaurant is one of the most successful and lucrative business ideas in Hyderabad. If you go for a mobile restaurant, you can target different customers by moving around the city on a daily basis and make money.
7. Airbnb/Vrbo Host:
Owning a property in Hyderabad, whether it’s a house or another property, can be a lot profitable for you. As you know, there is always a demand for Airbnb hosting and Vrbo hosting. With increasing tourism, you can offer your space for rent.
Listing your space on Airbnb or Vrbo can be a great business idea if you are a good landlord. The apps will do the hard work for you of deriving the renters to your property, so your main job will be to communicate with renters and make sure everything stays inflow as long as they are renting your property. Maintain the hygiene of your space as the renters come and goes. You can have a good income on the side in no time.
8. Mini-Cinema House:
It can be a new concept for many, but in the city of Hyderabad, they have it running. In Indian culture, people love movies and music. You can get started in this business simply by using an area of your space at home which is currently unused by you. Feature classic movies that you will not find at other places, leave the pricing affordable according to your surroundings, and you are all set to go.