51 ways to achieve financial freedom

51 businesses to achieve financial freedom

This 51 business to achieve financial freedom is a composed article from two posts 30 businesses to achieve financial freedom and 21 business to achieve financial freedom. You have different options to read in detail, either you can read part by part or you can read all here. And if you are interested in reading offline, you can get a beautiful copy from the above bar.

  • Opening a Recyclable Paper Plate Manufacturing plant
  • Incense Sticks Manufacturing company
  • Home Made Pickle
  • Snacks and Papad
  • Start a Dairy Farm
  • Organic Farming
  • Selling Seeds and Fertilizers
  • Flower Farming
  • Local Handicrafts
  • Coconut Farming Business
  • Olive Farming Business
  • Shrimp Farming
  • Spice Powder Manufacturing
  • Tissue Papermaking
  • Gym or Fitness Center
  • Paper Bag Making
  • Food Business
  • Appliance Repair Business
  • Jewelry Making
  • Photography Services
  • Video Editing Service
  • Buying/Selling used items
  • Yoga Classes
  • Village Tour
  • Travel Agency and Planning
  • Wedding Coordinator
  • Retailing
  • Coffee Shop
  • Photo Editing
  • Makeup Artist
  • Household equipment for rental business
  • Car Rental
  • Nutritionist
  • Career Counselor
  • Social Media Marketing
  • SEO Optimization
  • Graphic Designing
  • Snack Shop
  • Translator
  • Freelance sales Professional
  • Freelance Recruiter
  • Freelance Payroll Service
  • Sports-Related Workshops
  • Fitness Trainer
  • E-Commerce for local goods
  • EBook Publishing
  • Senior Citizen care
  • DropShipping
  • Social Selling

  1. Opening a Recyclable Paper Plate Manufacturing plant:   This is definitely not a new business idea and a lot of people have been doing this. What has changed lately is the scope of selling it. There are a lot of B2B portals that have come up like Udaan and IndiaMart through which the product can be sold beyond the local market. The penetration of the Internet has created a new opportunity on a global scale for every size of business. The machine to manufacture paper plates cost around Rs. 25000 to start with and goes up to lakhs depending on the production capacity. It doesn’t need a lot of space to set up and neither needs skilled training. To know more click here
  2. Incense Sticks Manufacturing company:  India has a huge population that goes to the temple every day or uses incense sticks at their home. Incense sticks have been there for a really long time in India and slowly but steadily the market for incense sticks has changed. A set of the population has moved beyond using regular incense sticks and falls in the premium segment which uses organic and unique fragrances. There are premium brands like Iremia and HelpusGreeen which sell incense sticks at a very premium price. This business can be started under Rs.50000 and with proper marketing and packaging, it can be sold on various online platforms.
  3. Home Made Pickle:  Food is something which is never going out of trend and we are always excited about new products. Also, slowly and steadily, the rural population is moving towards organic food. People want to try beyond the pickles available on the shelf and home-made pickles are a way to go about it. There are a lot of brands which prepare home-made pickle based on their expertise and local availability. These brands have become a niche in their segment and have a very loyal customer base. A few brands you can follow are Graminway, Pickleshickle, etc.  The cost to start is very less and over time it can be grown slowly using various online selling platforms.
  4. Snacks and Papad:  With Growing Population and migration of people from their home state to metros, the demand for local cuisine has increased a lot. People are ready to pay a premium price to receive local food and condiments from their home state as this makes them feel nostalgic. Manufacturing Papad and other snacks at the local level are not a costly affair. We can start in small batches and promote online to start sales. As we create the brand we can expand our business at a commercial level.
  5. Start a Dairy Farm:  This may seem a little unusual as it cannot be sold on an online platform. With regard to offline business, it’s one of the best long term business and can lead to a really huge business over the course of time.  This can be started at various scale depending on the budget we have. The milk can be sold to a local collection center or a large quantity can be sold to companies that produce milk products. In Karnataka, we have something called Nandini and in Delhi, we have something called Mother Dairy which collects milk from local milk producers.
  6. Organic Farming:  People are becoming a lot of health-conscious these days with their increasing interest in the consumption of organic food. Along with good for health, organic farming is also good for the land for its fertility. Organic farm produces can be sold to stores to nearest tier 2 cities. This can fetch a good price and at the same time can also impact the health of many people.
  7. Selling Seeds and Fertilizers: As a lot of people will be moving into organic farming, the demand for seeds and organic fertilizers will also increase. This can be a good business that will grow in the time to come.
  8. Flower Farming: Marriage and festivals are two major kinds of celebrations in India. No matter what, people won’t stop spending lavishly on festivals and making marriages a grand marriage. Flower farming can be a lucrative business as most of the time, there is always a high demand for fresh flowers and in some cases, exotics like orchids are very highly appreciated.
  9. Local Handicrafts: This is a very lucrative business and always in high demand as people will always be desperate to connect to their roots in various ways. Saying that this is not an easy business to do as it has a lot of wheels and all must align to keep the business running. There are two ways to do it.  Read “How to create a Local Handicraft Business” for more info.
  10. Coconut Farming Business: Coconut is usually described and nature’s best gift to mankind and contains many health benefits. As more and more people are getting aware of the benefits, virgin coconut oil is increasing in demand. Production of organic coconut oil takes more raw materials compared to regular coconut oil and hence the requirement is ever increasing. Anyone who is residing near a coastal area can start focusing on coconut farming.
  11. Olive Farming Business: The story is the same as coconut oil. The demand is ever-increasing and also awareness. If you are staying anywhere where the climate supports olive farming, the time is ripe to get into it. The demand will keep growing every year and the sooner we enter, the better it is.
  12. Shrimp Farming:  India is the second-largest shrimp exporter in the world after China. Shrimp is consumed in various parts of the world in different cuisines and different forms. There is always a huge demand for shrimp and getting into the export business can only be lucrative to the least.
  13. Spice Powder Manufacturing: There are only a few national brands in the powdered spice manufacturing industry in India. There is enough scope to create a small company as a lifestyle business from small towns and villages. Since its on local level and controlled manufacturing, spend on marketing can be exempted and that cost-benefit can be provided to the customer. We can start with only one kind of spice and then can add further items as we grow.
  14. Tissue Papermaking:  Tissue paper has moved from hotels and restaurants to households due to hygiene awareness. Also, there are various kinds of tissues like wet tissue, premium tissue which can be product extension. It’s not a very cheap business to enter like earlier businesses and it may need around 5 lakhs to start with.
  15. Gym or Fitness Center: With the ever increase of Instagram and social media, we follow a lot of fitness influencers. The awareness of being fit is increasing and reaching small towns. A small fitness center or gym can be a good source of regular revenue.
  16. Airbnb: If you are staying in scenic villages, one can definitely register on Airbnb or on many other similar platforms. This will help to earn some money from using the spare room of your house while providing accommodation to people from other cultures and places. This is a good fun way to earn some extra money without any major investment.
  17. Paper Bag Making: Go Green” is not only the trend but also a necessity to make the world a better place to live. Authorities are taking great measures to ban plastics and promote the use of bio-degradable. Manufacturing paper bags can be good business keeping the upcoming demand in the picture.
  18. Food Business: Marriages and other family functions in villages need a large quantity of food to be prepared. As most of the young population is moving out of the villages to cities, people are looking to outsource the catering needs. It’s a great opportunity to organize this sector in small towns and villages by creating a team and making money out of it.
  19. Appliance Repair Business: With the reach of Indian e-commerce to nooks and corners of India, people are buying heavy electronic items. The problem persists in repairing and servicing of these electronic gadgets and equipment. During to distance issue, the services provided by online vendors are not available immediately. Setting up a good quality repair and service center can fill this gap and can turn out to be a profitable business.
  20. Jewelry Making: This is a skilled level business where you need to have a particular skill of jewelry making. Once designed, the product can be sold offline to stores in nearby cities or can be sold online as well on various platforms as a small business.
  21. Photography Services: The rise of social media and particularly Instagram has made people look conscious. Everyone wants to look at their best, photography becomes a very important part of the process of capturing someone’s moment at its best. Setting up a good quality photography business can become high in demand business in small towns. The cost to set up this business can come under a lakh with basic equipment and smart photography and editing skills.
  22. Video Editing Service: YouTube is growing by many folds and there are a lot of people who are interested in sharing their information and knowledge on the platform. Unfortunately, not all of them have the necessary equipment and even the minimum skills to create a minimum standard video. Starting an agency or firm which provides video editing services to such people either on a fee basis or partnership basis can turn out to be a lucrative business if even a couple of partner channels become viral.
  23. Buying/Selling used items: Owning things is a form of emotional attachment. Not many people like to dispose of their belongings even if not being used. Selling them to someone and getting some money in return brings a sense of relief and also a fraction of the purchase cost. In other cases, there are many things which we want but don’t want to invest a lot of money on them. For e.g electric driller, personally I don’t need it very frequently though I badly need it at times. Each time I call a technician, I have to pay a minimum service fee which is not worth the amount of work. If I get an option where I can check and buy a used household electric driller by paying 3x of the technician service fee, I would be happy to do it. Buying and selling used items can be a good business if done with a good strategy.
  24. Yoga Classes: The ideas are in no particular order and don’t be surprised by this sudden change of domain. Yoga is getting popularity day by day by virtue of the involvement of celebrities in the foray. From a health perspective, there is only everything positive about yoga. If you are someone who is good at it, creating a business for a yoga workshop won’t cost you a lot of money to start with. With the growth of the business, your Yoga class can be converted into a Yoga studio.
  25. Village Tour: This only applies to people who belong to places that have some form of scenic beauty. There is a trend of traveling where people of cities want to escape and enjoy village life. A well-planned village tour with local experiences can be a good service-based business if you like meeting new people and interacting with them.
  26. Travel Agency and Planning: If you are someone who is the above but interested in the travel business, the agency is the one for you. All you need to have a connection with people who can provide a good experience to tourists. You can finds leads and act as a mediator to arrange all the trips and related planning. Since you are the one who is doing all the initial work, you can charge a decent commission with the travel company or individual. Its an almost no investment business and can be a niche category leader in a limited location.
  27. Wedding Coordinator: A wedding is one of the biggest spendings on most of the families in India. There are a lot of moving wheels in a marriage that needs to be properly synced to complete the event without any issues. A wedding coordinator who can talk to all the vendors and manage all the small events within the marriage can complete the whole ceremony without the involvement of family members. This can be a good business if you can add value to a wedding and the families involved.
  28. Retailing: Retailing is a very broad term and it can be of retailing anything. If you have anything which you can buy from you local and retail into a nearby city/town/village, this is a business for you. If you know of something that is in the nearby place and people in your city want it, then also this business is for you. The idea is to find the sweet spot between the product you want to retail and the pricing to make a profit out of it.
  29. Coffee Shop: This is one business which I would love to do personally, not only because of the money it can fetch but also for the love of it. I just love dark coffee with cheese croissant. If you love something, you definitely put your heart in it. Coffee shop business set up can be done at various budget starting from a small shop to a luxury coffee cafe. The idea choice will be based on your location and surrounding. There are customers for all kinds of budgets of a product if we can provide value at the price we ask for.
  30. Photo Editing: Its an age-old business and still lucrative. Actually, it has become more attractive now. The focus on looking good, flaunting on social media has given the art of editing a new life. There is ongoing competition on who can look better or flaunt better. If you are the one who can make someone way better than they are, you are most suited for this business.
  31. Makeup Artist: This is somewhat related to the above point as well. It’s all about looking good. There are various occasions where a person goes to a makeup artist. Marriage is the most common one, Insta models, Tik-Tok models or rather to say social media models are the new customers for makeup artists. Again, If you are the one who can make someone way better than they are, you are most suited for this business.
  32. Household equipment for rental business: The generation is moving from owning things to renting things, especially for items that we are going to use not so frequently. For e.g a barbecue stand or a couple of extra guest mattresses. Things like this occupy a lot of space and lose their sheen due to low maintenance over time. If you belong to an area where people do a lot of occasional activities like going out or having barbecue night/afternoon, renting can be a good business. The decision will be based on your location and the activities. Types of equipment can range from everything to a sofa, washing machine, etc.
  33. Car Rental: In the continuation of the previous point, people want to own a car as less as possible because it’s a depreciating asset. This business also depends on the area you live in. Personally, I have seen this business in smaller towns as well and it’s thriving. If you can balance the supply and demand ratio with proper operations, this business can be for you.
  34. Nutritionist: Like the trend of not owning things, there is definitely a trend towards being healthy. This trend is a good one where everyone is trying to take care of them through some physical activity and eating right. If you are the one who is a certified nutritionist, this can be a big business without much of an investment. Also, if you are not certified but still you are interested in this field, getting a certification is not a big cost. The only thing to take care of is, to be honest with your clients. This particular business comes with a lot of responsibility and also you can be very proud of yourself for improving someone’s life.
  35. Career Counselor: If you are interested in the field of education has some experience or knowledge about different professions. This is a good business where you will be directly affecting one’s life and shaping their future. Same as earlier, this too comes with a lot of responsibility and proud moments for doing something that improves a person’s life.
  36. Social Media Marketing: This is a very obvious profession and would be mentioned by many people almost everywhere. The world is moving digital. Advertising spends are increasing in the digital medium and has almost surpassed offline advertising. There are a lot of opportunities in the SMM field and it’s only going to increase with the increase in internet penetration. If you have the skill or if you can learn it, it doesn’t take more than a student laptop to get going. The future depends on how one can upgrade themselves and focus to deliver more to their clients.
  37. SEO Optimization: This is again one of the obvious choices and mentions in the list of various job options. Every business wants to have a website for themselves. Once you have a website and if the idea is to get customers through websites, the business would like to improve their search engine ranking. SEO is the go-to method to improve ranking. Having a skillset in SEO can turn out to be a very good home-based business that can also be started with a student laptop.
  38. Website Development: This is also a very lucrative home-based business if you have the right skillset. Website developers come with different levels of skill set and you don’t need to be in the top tier. An intermediate level of skill can be a good one to start with and slowly you can move up the ladder to take bigger projects with a bigger paycheck. We can a lot of people online who have achieved financial freedom through website development.
  39. Graphic Designing: All the above three and this one, all belong to the same category and kind of very related. Any person or business who wants to have a website, need to find a graphic designer, an SEO specialist, and a Social Media Marketer. Also, there is one more business related to this i.e of content writer. If you are interested, you can read more about how a content writer can be a lucrative career.
  40. Snack Shop: This is a great option if you love food. The snack business is always lucrative if you find that right product. We don’t need to sell a lot of varieties, even one or two good ones are sufficient. There are many brands that have been created around a single product. There are many small businesses on the streets having just a couple of products and they are killing it. The path is to find a good easy to make a product, customized is as per the local taste and serve it as per the location standard. For e.g Shwarma and Falafel. In Bangalore, there is a brand called samosa Singh which just sells the age-old samosa with new variations and they are brand to follow now.
  41. Translator: Back to online businesses, translator in the form of writing is in huge demand. As businesses are going global, companies want to attract locals in their language. If you are someone who knows many languages and can do translations, this can be a great way to start the journey towards financial independence. The price for good translators is exorbitantly high especially for languages like Arabic, Chinese, etc.
  42. Freelance sales Professional: Every company needs a salesperson to sell their product or services. Hiring a good salesperson on permanent payroll may turn out to be costly. A freelance professional can work for multiple companies on a contract basis and earn lucrative money for their skillset. This is a win-win situation for both the parties as nobody is tied up with anyone.
  43. Freelance Recruiter: Recruitment can be a tedious process especially in niche skills. Most of the companies would like to keep as little as possible recruiters on the permanent payroll. Freelance recruiters can help to hire for multiple skills and help many companies at the same time. Like mentioned earlier, this is a win-win situation for both parties as nobody is tied up with anyone.
  44. Freelance Payroll Service: In the initial phase of the company, there are not many issues related to financing and accounting. Hiring someone fulltime costs a lot of money to the startups and they generally tend to avoid that. A freelance payroll service provider can help multiple such small companies at the same time distributing their time based on workload. Like mentioned earlier, this is also a win-win situation for both parties as nobody is tied up with anyone.
  45. Sports-Related Workshops: Times have changed and parents have become more supportive of kids choosing professions related to other than education. There are a lot many sports to choose from and are turning out to be a lucrative option due to the marketing of various national level private contests. If you are someone very good at any particular sports, you can still make it a profession while doing what you always wanted to it. It definitely takes time to take it off, but what is more cherishing than being excited about your work.
  46. Fitness Trainer: As mentioned earlier, we are concerned about being healthy now more than ever. A good fitness trainer may be in Yoga, gym, Zumba, etc can make a good living by conducting workshops and local classes in the vicinity. It’s a good profession to be in and can turn out to be quite lucrative if marketed and operated well.
  47. E-Commerce for local goods: This is a location-specific business which is directly dependant on your locality. If you belong to a place where there grows something which is not found anywhere then it’s for you. Your town or city might have exceptional handicrafts that are loved worldwide. It’s not difficult to get an eCommerce site these days. You need a website, a marketing plan and the most important thing – a good product.
  48. EBook Publishing: Creating an Ebook is a daunting task and involves a lot of tasks from writing to editing, copywriting, etc. I am procrastinating on the first ebook for this blog for quite some time now because of the number of tasks it requires. If you are skilled at that, you can find many bloggers who want to launch their own ebook but unable to do it. This is a home-based online business which can be started just with a student laptop/desktop. You can use different business models for revenue like a one-time fee or commission basis on sales.
  49. Senior Citizen care: We already know about baby care or daycare business. The most ignored ones are the Senior citizens and their care. As there are more and more working couples and with increasing work pressure, the elderly people are left unattended. A service to take care of elderly people and their day to day routines can be a very good business both in terms of money and fulfillment. This business doesn’t take much money or some technical skillset. It’s about empathy and how you can take care of a person in a professional way.
  50. DropShipping: Imagine you are an exceptionally good graphic designer who can design for T-shirts, phone cases, hoodies, etc. Sourcing, Packaging, and shipping is not your core strength and its a daunting task. There are various drop shipping companies who can take of manufacturing, packaging, and shipping while you focus on your core strength. If your product is good and the dropshipping company takes care of the operations without any issues, it’s a good business to be in. The only requirement is to find your skillset and a reliable dropshipping company for you.
  51. Social Selling: Social selling is a new boom in online shopping. Social selling establishes a trust factor and is mostly done in small circles. There are many companies that help you to become a social seller. All you need is to register on the websites, find the products you can sell and the last step is to harness your social connections. This is business which is directly dependant on your social and marketing skills. Some of the websites that work well in India are Meesho and Glowroad. These are zero investment businesses and require just a smartphone.

This is our attempt to find a few good businesses with little to no investment in some cases. These businesses are filtered on the ideology that it can make provide financial freedom as they have the potential to grow to big business as well.

Please do provide your comments and thoughts and if you find it helpful, please do share with your friends.

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