Best Investment Ideas to Generate 10,000/ Monthly Investment of 3 lakhs

1-Roperty Management Business

The property management business has become increasingly lucrative in India, as people lead busier lives and have less time to manage their properties. To succeed in this business, you will need to have an office, sales and marketing skills, excellent communication skills, and a deep understanding of property laws and paperwork.

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One of the main advantages of starting a property management business is that it pays well for simply taking care of the property documentation for your clients. You can charge a fee for managing various aspects of your client’s property, such as rent collection, maintenance, and repairs. Additionally, you can earn a commission by helping your clients find tenants for their properties.

Another advantage of this business is that it offers a steady stream of income. You can charge a monthly fee for managing your client’s properties, which can be a substantial source of recurring revenue. Additionally, as the property market in India continues to grow, there is a significant demand for property management services, making it an ideal time to start a property management business.

However, starting a property management business requires a significant investment of time and effort. You need to have a thorough understanding of property laws and regulations in India, and you must be able to communicate effectively with your clients to build strong relationships and provide excellent customer service. You will also need to have excellent organizational skills to manage multiple properties and clients efficiently.

2-Ranchise Stores

Opening a franchise store can be a great idea with many benefits. One major advantage is that you’ll have a built-in customer base. People who are familiar with the brand and already use it will help to promote it, eliminating the need for much marketing. Additionally, many franchises offer support in starting and running your business, including free staff training and managerial assistance.

The investment required varies depending on the franchise, but there are options available that can be started for under 5 lakhs. Overall, franchising can be an excellent way to start a business with a well-established brand and a proven business model.

3- Food Truck

Starting a food outlet in a fancy way is a trendy business idea nowadays. One of the best options for this is to purchase an old automobile and convert it into a food truck. It is a fantastic idea as people prefer it due to its relatively hygienic nature as compared to open food stalls.

One significant advantage of this business is that you can move your truck from one location to another as per your convenience. You can park it outside universities, corporate offices, tourist areas, or anywhere with high foot traffic.

This business idea requires an investment of 5 lakhs, and it can be profitable as you don’t have to pay rent for the place and can work according to your preferred schedule. However, it is essential to ensure quality and hygiene in the preparation and serving of the food. If people love your taste and quality, you have a great scope in this business.

4- Mobile Accessories Business

Mobile phones have become an indispensable part of our lives today. Starting a mobile accessory business can be a profitable idea with an investment of less than 3 lakhs. You can make a list of accessories you plan to offer, such as phone covers, headphones, earphones, chargers, Bluetooth speakers, and so on.

Once you decide on the products, you can choose whether to start your business online or offline. For an offline business, you can rent a place in a marketplace or a kiosk in a mall. Contacting a local dealer to purchase the products can ensure that you have a steady supply of stock.

To start your business online, you can create a website or a social media page to showcase your products. Promoting your products through social media advertising can help reach your target audience. Offering free shipping or discounts can also help attract customers. To increase customer satisfaction, ensure that you offer high-quality products and prompt customer service. Offering a warranty or return policy can also help build trust with customers.

5-Optical Frame Manufacturing

In India, a business that has been thriving for the past few years is the manufacturing of optical frames. People are not only wearing glasses due to eyesight problems but it has also become a fashion trend. The manufacturing process of optical frames is simple and straightforward.

To start this business, you would need machinery that costs around 3-4 lakhs, space on rent where you can start the manufacturing process, and a few staff who can help you complete the process. The cost of raw materials is low as plastic is cheap. On average, one frame costs around Rs.150 to Rs.200, including designing and labor charges. You can sell one frame for Rs.250 to Rs.300, which means that the profit margins are good in this business.

This can be a great business idea with an investment of 5 lakhs. The key to success is to maintain the quality of the frames so that their demand increases. With the growing trend of glasses as a fashion accessory, the demand for optical frames is expected to increase, making it a lucrative business opportunity.

6-Travel Agency

If you love traveling or have good knowledge of various places around the world, then this business idea might excite you. It’s been flourishing for a couple of years now because more and more people are traveling not just for business but also for vacations.

Many people prefer not to book their travel arrangements themselves and instead hire agencies to make all the necessary bookings. This business is straightforward and easy to start, and you don’t require any special skills or experience to get started.

Clients can contact you over the phone or visit your office to request airplane, bus, or train bookings. Once you have their travel dates and other details, all you need to do is make the bookings for them. If the client wants, you can also arrange for hotel and taxi bookings.

To start this business, you’ll need an office space, a printer, a computer, and a few employees. You can begin this business for under 5 lakh, and you can earn a decent amount of money every month.