Planning or even thinking about starting your own business?
In today’s post, we are going to discuss some of the business ideas one can start in Kochi.
Kochi, financial and most densely populated city in Kerala. It is known to be the financial, commercial, and industrial capital of Kerala. The city also has one of the best health care facilities in India. This was made possible only due to the advancements in technology. Kochi consists of the most advanced lifestyle, giving its residents a proper standard of living. The city provides the amenities in a very advanced manner. Kerala, the state has huge potential for starting a business. Kochi is the financial capital so starting a business will be a very much profitable idea.
Now a question will be popping your mind, Why choose Kochi?
Kochi is the epicenter of all the major industries in Kerala. It is best known for its gold, silver, and diamond jewelry. Tourism is one such thing that tops the chart because Kerala is the most preferred holiday destination. There are huge options for investment in the city. The city has a 100% literacy rate with a high E-literacy rate. Kochi has low rental, water, and power tariffs. It provides top-quality medical and educational institutions and facilities. Kochi is the go-to place for budding entrepreneurs. There are a lot of options to expand, establish, grow and flourish.
Here is the list of most lucrative and profitable businesses to start in Kochi:
Marketing of property can be a very profitable business in Kochi. A place that offers so much and there are plenty of business opportunities is the right place to start this business. Plan everything out and work according to that only. There has been a steady population growth rate in Kochi from the last few years as more and more people from nearby villages, cities, and other states are migrating to the city. With such a population growth rate, there comes a need for more residential and commercial spaces.
That is why starting a real estate company business will offer you a great opportunity and a way to get ahead in Kochi. You can even tap into renting along with the sale and purchase of the properties to generate additional revenue out of it. Renting is something the youth of the city is fond of. Commercial properties are often rented at higher prices meaning your commission will be very decent.
If you have made your mind to enter this market first you need to decide your niche, research, and evaluate. Pick and choose a specialty- you can enter into commercial brokerage, residential brokerage. Land investments, obtain the required licenses and registration, chalk out a business plan. Put together a brilliant team, go online, and try expanding your business by following these steps.
This business has become attractive for everyone who wants to invest in safe assets in today’s world to protect their money. This is the best option to invest in as the business can never shut down and even if the sales go down, you always have the option of renting out your extra spaces. To start this business you require little investment and knowledge of the field. Usually what works for the business are the efforts and the connections. Kochi is a popular real estate hub so you will get to earn a good commission.
Kerala is the home to traditional and elegant jewelry designs all over the world. The place is also known as “Jewel Junction”. In Kochi, you can find a variety of traditional and modern jewelry. You also find top jewelers in the city. Thus, this is the most profitable business idea. Identify the perfect market opportunity. Define your target audience. Make a perfect business plan.
Do marketing of the jewelry by posting pictures on different social media platforms. Make free samples to promote the business. Find the perfect jewelry manufacturer. Build your own brand of creative and traditional jewelry. Select a price point for your products. Set realistic sales and distribution targets. Seek opportunities in every little moment.
Research about the competition. Design a product line. Devise a unique brand aesthetic. With a little exploration of the local market, you can get into a big business idea in Kochi you can create you own retail store online or offline for both type of startup Kochi has good business scope. To promote your business you can always take the help of the social media network by building websites and web pages for your store.
Most of the small to medium-sized enterprises prefer to outsource most of their accounting work. As new businesses establish, there arises a need for accounting services alongside. It is a great opportunity for young accountants who are providing services as freelancers. Also, these services help to keep the business on track and maintain a record of every transaction is done.
Along with providing accounting services, you can also provide tax consultancy services. Tax consultants are really high in demand in today’s market. The main role of a tax consultant or a tax advisor is to help people and organizations to pay their taxes. It deals with giving expert advice for the business on how to manage and file their taxes. Tax laws change from time to time and many people or organizations might be unaware of the laws and regulations, so a tax consultancy helps them in understanding those laws.
It will always be beneficial if you start your tax consultancy firm because people will definitely take advice from you as you are there to save their time and know that being a tax consultant, they know everything about the government. tax laws and regulations. It is also hassle-free, in a nutshell, a tax consultant will solve all your financial-related queries.
There is a huge demand for online coaching classes right now all over the country. This sector is growing really well and at a fast pace. College students who love teaching are now seizing this opportunity and making money through it. A city and a state with a 100% literacy rate is the best place to take up this opportunity.
You can also create an online course for students who are keen learners. That is why launching your own online course can prove very beneficial for you and lure many people into it because now everybody has learned how to do work from home. Creating and selling online courses can be very lucrative and you can earn six or seven figures.
The demand for online courses has rapidly increased in the market as well and if you are an expert in any field and can explain the topics brilliantly to anyone, starting your own course will not be a bad idea for you. You just have to search for websites that can pay you a good amount for these courses, so that with low investment you can start your own business.
Pick the perfect course topic, ensure your course idea has high market demand, create magnetic and compelling learning outcomes, select and gather your course content, structure your modules and course plan, determine the most engaging and effecting delivery methods for each lesson, make sure you film, record and edit your online course, setting up your online school, getting the perfect price models and feeding into a bigger education-based business model, launch and ongoing marketing.
HOME DECOR SERVICES
All the people in Kochi are fully literate and educated. You can make and sell home décor products both online and offline to make a good income. There is a huge opportunity for people who love designing and have a creative mind. You can sell wall arts, frames, designer candles, vases, paintings.
Everyone has a desire of having an organized and well-developed house. In that case, they hire an interior designer and in Kochi, this business will work very greatly because of the like-minded people residing there and because it on the rise of developing stage. Provide your services in all the ranges so that you can have customers from every income group.
Determine what type of services you will offer, focus on your style and specialty. Choose a catchy name and register it, build a beautiful website. Build a portfolio, set your rate, promote the heck out of your business. Be active in social media, use paid ads, make business cards, start a blog to promote your business, have a dedicated workspace.
Have good lighting, build contacts with suppliers and contractors, like cabinet suppliers, appliance distributors, general contractors. Show your creativity and talent and earn good money.
A GALLERY CAGE OR RESTAURANT
Kochi is a place with rich history and culture. So why not take advantage of this and fuse with food to earn money. It is a tourist hotspot and you can surely have a great business there. You can start a café or a restaurant in the lap of nature where tourists can enjoy nature as well as the food.
Creating a coffee- café is the right and most profitable business one can start in today’s world. The coffee industry has shown tremendous growth over a few years. Starting this business will attract more customers. You can open up your own theme-based café with your own unique cuisines. So why not start a coffee outlet and let people have experience of your nicely brewed coffee. Coffee lovers are all around the country this business will definitely prove beneficial for you.
The demand for coffee is increasing very fast. So this seems a quite great idea to be opened. The coffee shop is perfect for professional occasions, hang out with friends, family gatherings, and much more. Open a café in the busiest locations of Kochi and start earning good money.
TOURISM AND ECOTOURISM BUSINESS
Venturing into the tourism industry is always a profitable and lucrative idea. You can sell your holiday packages to exotic international destinations and can also arrange a proper itinerary for the tourists. This will help you in grabbing the attention of potential tourists.
Nature is the main advantage in the city. The city has everything to provide a joyful vacation to all its tourists. A tour and travel agency is a good idea to start. All you need is the skill is to utilize the city’s scenic beauty to turn it into a profitable business. Choose the right business identity for the business. Decide upon the type of services you will be providing. Take the help of the internet to explore the business and research well.
Ecotourism is a form of tourism that involves responsible travel to natural areas which helps in conserving the environment. This also helps in improving the well-being of the local people. It also involves interpretation and education. Through ecotourism one can build environmental awareness, increases respect for the local people. It also helps in providing direct financial benefits for conservation. This helps in promoting sustainability of the nature.
Ecotourism is one of the best business ideas to start in Kochi as the city being covered with 30% of greenery. It also is an excellent option for travelers who want to explore nature and to gather some knowledge out of it. This business is intended to commence as an appreciation of nature and natural resources. Through this business one can easily spread the message of environmental protection and sustainability.
The government is also taking all the necessary steps to promote ecotourism in the city. So this will be the best business to start and to explore the hidden gems. Also, this is a newly emerged concept in the tours and travel industry, so it will be very much profitable. Select your ecotourism niche, understand the survey about the market demand. Create a solid business plan. Creatively name your ecotourism business. Arrange finances and funds for the business. Develop and connect with local vendors.
Starting a blog seems to be a great option if you know of any of the languages and to share your knowledge with others through writing. You can earn great by blogging from your home with nominal investment. It is one of the easiest, legitimate ways to earn money online. For starting a career in a blog or for writing a blog you should keep in mind a few things which are: subject of the blog, choosing a platform for blogging, how will you host your blog, purchase your word press hosting. If you love writing and love telling stories, share your experiences with the world and earn some money. So keep these little things in mind and you can have a great future ahead.
The main reason why bloggers are making money today because of the good content they post regularly. People start writing blogs sharing their viewpoints, opinions, teaching others what they know, selling and promoting their products. Consider the opportunities to monetize, pick an audience to serve, choose a blogging platform, lay the groundwork for distribution, plan out your publishing strategy. You can start a travel blog focusing on Kochi.
HOMEMADE FOOD DELIVERY
The catering business can profit you in a way you cannot even imagine. For any occasion food is always a necessity, starting your catering business provides you with the opportunity to show the world the hidden talent in you and let them have a taste of your unique dishes. There is a lot of competition in the market for this business, but you can master them all with the right planning.
In today’s world food delivery business is the best business. The reason behind this is being the busiest state of the country, people do not have time for cooking. So they order food and if they get a home-cooked meal at reasonable prices. Then it is like icing on top. Create a menu and keep changing that menu every 2 weeks. Pick a business name and create a virtual presence. Decide upon the delivery method. You can collaborate with food delivery apps like zomato, uber eats, swiggy, etc.
ELECTRONICS AND ACCESSORIES STORE
This is also one of the profitable businesses to start in Kochi if one has some knowledge in the respective field. This is one of the demanding businesses in every corner of the nation. Kochi is a very large city and one can start every business in the city but with the correct amount of planning, knowledge of the field. With this business, one can also start repairing laptops and mobile repair services.
If you do not have any experience or knowledge in this field then you can work somewhere else before opening your own shop. This will help you in giving experience and the knowledge required. This type of business repairs damaged or malfunctioning types of equipment such as computers, televisions, phones, gaming devices, and many more home appliances.
Electronics are a necessity in today’s world. If something is a machine, it is sure that it needs maintenance and repairs from time to time. Plan your whole business, be ready with layout of the finances and funds, costs involved. Who is your target market, fix the prices to be charged from the customers. How many profits will you be making from the business? Be ready with the answers to these questions, so that at the time of starting this business there is no confusion at all.
If you love baking then this is the right business for you. The right business plan and excellent service to your customers can make you earn extra cash. Customers always wanted their dream cakes or cakes of their choice to make customized cakes, which will be a great option for you. Add varieties of cakes, cookies, and other baked products.
Opening your bakery and that too from your own home saves you a lot of money like owning a place, you just need investment in top quality raw materials required. To engage more customers towards your bakery, you can use strategies like unique packaging and much more using your innovation and skills.
Engage the audience in such a way that they come to you only for giving orders for cakes and cookies. Customers always wanted their dream cakes or cakes of their choice so make customized cakes and this will be a great option for you. Designing cakes for the wedding can never go wrong because of the demand in the market. If it’s home-baked in these times where people are avoiding eating from outside, this will make you earn more.
To engage more customers towards your business, you can use strategies like unique packaging and much more using your innovation and skills. This business is especially for all the creative women who want to earn an income just by sitting at their places. Cakes are required on every special occasion. You can create your page online with a unique name to grab the attention of the customers. To engage a higher number of people you can use strategies like a photoshoot of your cakes and posting it on the page created by you.
When the internet is trending right now and you own the skills then why not use your talent in the right direction and earn some money. Website is used for everything be it businesses, online marketing, freelancing, or online trade. This field is flourishing and expanding at a great speed.
The demand for website designers is increasing day by day. It is a lucrative business idea that can make you stand out from others. The best part is that this business requires no technical skills but real knowledge of the business. If not for your company, you can start this as a service and get orders from different companies and earn daily.
Web designers are part artists and part tech geeks. This business can be done from anywhere you have internet access. You need a home office that is quiet and free from distractions. Hardware, including a computer, quality monitor, scanner, printer, and digital camera.
Software for graphics, photos, and video may be free or cost hundreds of dollars, a high-speed Internet connection. And perhaps server space for site hosting and testing, a menu of the services you’ll provide, and what you’ll charge for them. A contract that outlines all the policies on how you work.
A business plan, outlining your services, target market, and financial goals. A marketing plan that includes your target market and how you plan to reach it. A website of your own that not only represents your skills but offers a place to showcase your portfolio of work online. Marketing materials, such as business cards and brochures. A strong network to access for possible referrals.
Fashion never goes out of demand, people everywhere need to look stylish and people in Kochi love to try everything that is actually good. If you are into fashion designing, this could be your opportunity to start a boutique of your own in a big city like this where you can know for your work, where people praise you, and definitely you will earn great from this. You can start one online also to generate an extra income by posting your designs on social media platforms like Facebook, Instagram, and many more apps like these.
Decide on the type of boutique you want to start, decide on the USP of the store- the purpose of the business. Decide on the clothes you will carry and who will sell them to, decide on the sources of funding for the business. Search for the location where you can have your store, decide on where you will source the clothes/fabric from, decide on the pricing.
Decide on the store layout, decide on the operational procedures of your store, finish the legalities of the business, hire good qualitative employees, make a marketing plan, buy everything you need, write down your business plan, plan a grand opening for your store and do hard work for the future.
Many people today want to adopt a healthy lifestyle and frequently they seek the help of their relatives, friends for the diet charts but this is a very wrong approach. They should directly consult an expert in this field. If you know then you can start this service and help people living a healthy lifestyle as people want to live longer, think smarter, eat healthier, and weigh less doing it.
As a dietary consultant, you will help your clients achieve all these things correctly. You can target any audience be it individuals or corporations. You can also provide services like a personal coach in your client’s homes or offices. Make a brochure and mail it to your clients to look professional.
Plan your business like what will be the cost of the business, who will be the target market, how much will you charge from a customer, how can you make your business more profitable, what will be the name of the business, define your brand? Keep in mind things like this and surely success will knock on your door.
GROCERY STORE WITH DELIVERY SERVICE
This is the most innovative idea to start as a business in a city like Kochi because everybody needs groceries for their houses. To analyze your area and run your own grocery store. Every area in Kochi must have a grocery store, so you all be thinking about what uniqueness you can present, you can start your own grocery store with delivery service as busy people means no time for shopping of the groceries and if they come to know about your delivery service then they will automatically be more engaged towards your shop and start ordering groceries from your shop.
This is one of the most demanding businesses in the market these days. Providing your services in a city like Kochi will make you earn better than anything. You will definitely learn new skills and the art of handling things and along with that how to manage projects for big companies.
Digital marketing includes blogging agencies, SEO agencies, mobile and web development programs, video marketing, web analytics company. Develop the skills required in online marketing. Build landing pages, design ads, properly implementing tracking. Be a contractor before becoming a founder.
Develop the right business model with the correct mindset and attitude towards the business, define your niche to have the customers a better understanding of what you are offering, decide how you want to expand and grow, make the decision wisely and choose everything effectively.
If the people of Kochi are busy making lives by working for several hours in the offices then they also know how to stay fit and healthy throughout the day. They make time for gym and exercise from their busy schedules. Finalize an area/locality, have a solid business plan, obtain all licenses, hire certified trainers, get the right equipment, invest in interiors, offer member-friendly services, promotion, and marketing will help you greatly, get to know your customers. This business is best because of the increasing awareness among people related to a healthy lifestyle.
With the increasing demand for online products and the internet in every state of India starting this business seems quite useful. The future in this business is incredibly bright. Firstly, choose and find a product to sell, evaluate your ideas.
After evaluating the ideas and launching strong ideas try obtaining your products. Research and prepare for every obstacle like the competition, business plan. Setting up your business, name your business, create a logo for the business, build your store, choose your sales channels.
You can start your own fashion boutique and sell them and earn money. Nowadays hair accessories especially girls are getting very popular like handmade scrunchies, designer hair clips, clothing which could include hoodies, sweatshirts, and men’s garments.
So that’s it for today’s post. I wish all the best to every budding entrepreneur who wants to start their own business in Kochi. So let get your minds to work and brainstorm as much as possible. Research and marketing is the key to everything. Don’t be afraid to fail, keep pushing yourself to success. You will surely get success one day or the other.