Visakhapatnam, the state of the Indian Capital, Andhra Pradesh. It is the largest city and the most populated city in the state. Visakhapatnam is the 9th richest city in India. The local economy of the city has increased due to the boosting of the Information Technology sector. It is also one of the main tourism destinations in the state of Andhra Pradesh. Famous landmarks include beaches, caves, Eastern Ghats, and wildlife sanctuaries.
The city is also famous for its burgeoning steel industry. Vizag is also home to an international airport, which makes it famous. It is the fifth-busiest cargo port in India. The city is also known for its Buddhist sites and natural beauty. This city is also known as “The City of Destiny” and “Jewel of the East Coast”. You can buy different things in the city starting from coffee to handicrafts. Visakhapatnam brimming with rich culture and heritage.
Which business is best in Andhra Pradesh?
What is a good business to start in 2020?
What business can I start with $100000?
What is the easiest and cheapest business to start?
This article will help you to understand what business ideas this city offers. Let us get started and discuss some of the business ideas:
PHARMACEUTICAL INDUSTRY
Visakhapatnam is working to expand its pharmaceutical industry. So starting a pharma shop will be very much profitable. Many companies have shown interest in establishing their facilities in the city. Assign roles and duties to the responsible employees only. Make a business plan and work according to it so that you can make your business successful.
Research your area well. Check for rules and legalities and register yourself to make yourself a business entity. Marketing is the key, expand yourself through the correct use of social media platforms. Connect and expand your network with the right people. You can start your own medicine manufacturing unit, a Pharmaceutical distribution business.
For starting your own business in this field you can hire a business consultant and can determine your niche. Focus on your area and research and explore well before starting. Understand the basic market of the business. Learn more about medical store profit margin. Procure medical items from suppliers, promote your business.
ECOTOURISM
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 Vizag 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.
COACHING CENTERS
If you have enough experience in the field of teaching, then this business is best for you. Visakhapatnam, as we all know is an educational institution, will be a very profitable business to start. In today’s generation coaching center is a necessity for students of all age groups. The reason for this being the different types of competitive exams.
This business requires the teachers to have expertise in different subjects. The city is the hub for higher education. Highly lucrative and always in demand business. The requirements for starting a coaching center are commercial space at the central location where you can attract students. You need adequate lighting, furniture for the seating arrangement, expert faculty. These are the basic requirements.
It can be anything you are great at, English language, Accounts, Business Studies, Mathematics, or any other foreign languages. Parents of the students pay thousands for one subject at big coaching centers but you can provide this service at a lower price and can guarantee them excellent scores of their child. If you love explaining concepts so be its primary classes or college students, you are looking back from opening this business. You can also provide services like home tuitions to the students who can not visit your place due to some reasons, this will gain you extra income.
DIRECT SELLING AGENT
DSA is a person who works as a referral agent for a bank or NBFC. The main job of a DSA is to find potential customers for the bank they are representing. They don’t just gather potential leads but also procure the completed loan application from their leads along with required documents, conduct a preliminary check of both the application and the documents, ensure that the documents provided are genuine, upload or submit these documents and the application form and provide their DSA code so the application can be traced back to them.
You can earn additional income by providing your services as DSA, the amount you earn may vary from lead to lead, you can run your business with minimum cost with very little risk, there are flexible working hours, not much education is required, your training is provided by the bank or NBFC.
A direct selling agent or DSA is a person who works as a direct referral agent for a bank, the main role is to find potential customers for the bank or a financial institution they are representing. This business is highly profitable and payout can be varied because it depends on the leads or the customers one can bring for that particular bank.
There is tremendous growth for this business in the market because of the increasing rate of loan taking capacity of the people these days, also with the increasing marketplaces, there is a tremendous increase in the demand for loans among people. You can be a DSA irrespective of your job and can earn additional income, you will also be recognized as a channel partner of the prestigious financial institution.
This can become an ideal opportunity for being an entrepreneur, you can also work part-time in this field, this business does not require any sort of higher education, you do not require any kind of initial deposit for this business, you do not have to worry about the deadlines and time limit.
One has to sell the bank products proactively to new/ prospective customers. They also have to maintain accurate records of all the sales activities, budget achievements and cross-sell referrals. One also has ensured the accuracy of all the bank forms and documents executed by the potential customers. They are also known as Business Correspondents or Loan Officers.
LIQUID SOAP MAKING
Liquid soap is used in homes, hotels, and restaurants as a form of the soap dispenser. Nowadays, liquid soaps are used for washing utensils, cleaning liquid in washing machines, laboratories, and car wash. Conduct proper market research and survey the local people of the area in which you start your business. Once you know the preferences of the local people it will be easier for you to proceed with it.
You need to learn the liquid soap manufacturing process. The machinery required, the bottles required, storage tanks, testing, and laboratory equipment. You will also be requiring the raw materials and chemicals for producing these soaps. You should register your business and form a company accordingly. Hire skilled and hardworking manpower to make your business a great start for the future. Be ready with the marketing plan. Use different strategies to sell your product. Reach out to local distributors and retailers to sell your product.
EVENT PLANNING
Event planning/ management is the process of arranging parties, marriages, meetings, and ceremonies. An event manager is solely responsible for managing everything for the event. He is the ultimate planner, and key to everything like choosing a location, hiring caterers, entertainment, and arranging other vendors. This business has huge potential and growth rate in Visakhapatnam. Apart from the working population, many residential people also live in the city so an event planning business is the best choice to start in Visakhapatnam.
For an event planning business, you need to have a degree or experience in the field, license, necessary equipment, inventory, place in the market. Some skilled and creative workers, funds to invest in the business. Gain event planning skills and experience to make the business successful, determine your event planning market/forte, make a business plan.
Designate which business entity fits best for your firm, obtain business insurance, develop your network of suppliers and staffing resources. Define your event planning services, establish an event planning fee structure, secure funding for your business. Focus on business development and marketing for your event planning business.
Use the help of social media platforms to promote your business to get huge orders from potential customers, also use a PR company when possible. Clearly define your scope of work, mission, goals, for the event business, search your market well. Spend some time learning tax laws and business filling in your area/locality. The event management business will turn out to be one of the most successful business ideas in Visakhapatnam.
There are an ample amount of business opportunities waiting for the event planners in the city. You can earn high profits out of it. You can plan events using your creativity and knowledge so that people can enjoy them to the fullest. Build a strong foundation of the industry, differentiate yourself from others and prove to them why you should be hired for event management, event planners are high in demand because people want every occasion of theirs to be grand and they spend money without thinking.
HOME CLEANING SERVICES
If you are looking for something to just start, then you should definitely explore this idea. As for people living in huge apartments in Visakhapatnam, this business can gain importance in a short span of time. In this one has to clean someone’s house. You can also contact the malls, shops for the same and can provide your services. All you need to do is proper marketing and put on ads for hiring professionals for the house or the shops.
You can select from various available options like maid cleaning services, window cleaning, car cleaning services, carpet cleaning, and many more in your residential area.
Why should one take this up?
So the answer to this question because it involves a negligible investment with increasing demand both in commercial as well as residential areas. The competition for this business is also quite less. Never stop learning, every day teaches you new things be it small or big, tap in all your resources, provide services as you do in your house, develop systems, connect with people, find your niche, develop your skills, invest in customer services.
TAX CONSULTANCY
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.
The services that a tax consultant provides includes, collecting, organizing, and preparing tax documents and returns, evaluating a client’s financial and legal circumstances to determine tax liabilities, assisting clients with tax issues during and after a significant life transition, completing complex tax forms and schedules that most tax preparers are unaware with.
Becoming a tax consultant and opening a tax consultancy firm requires preparation in the form of education, and in some cases certification, registration, and licensing. Tax consultants also help their clients in making wise decisions related to tax issues. Filing tax return should not be your only business, send free newsletters and other updates, prepare and update tax calendar followed by marketing activities, equipped with client management software, share before you sell, give referral incentives, get membership of the local chamber of commerce and other relevant bodies, organize seminars and symposium.
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.
FREELANCING
You can easily make money by working from home or online. A lot of people are making money by adopting this method. Offer a freelance writing service, drop-shipping business, become an online business coach, provide SEO consulting services, manage social media accounts, design website themes, offer media and email templates, start your own blog, blog flipping, be a brand strategist, sell stock photos online, become a virtual assistant, sell your craft, web designing, game development, teaching, translation services, college counseling, transcription services.
If you do not want to start something new like a proper business, you can definitely do freelancing. It includes logo designing, content writing, translation services, and giving voices to the animated characters (voiceovers). You can also consider opening your own youtube channels, blogging, and vlogging because nowadays everybody is a vlogger. This will be the best idea to start for a student or for that matter anyone. Visakhapatnam provides you ample amount of opportunities to start something from your home.
SOCIAL MEDIA SERVICES
Today social media is an integral part of the business. Many companies look for social media professionals and service providers. You can launch your own company with services like writing for the business, postings on blogs. Always start something with a proper plan, set social media goals and objectives, research the competition, conduct the social media audit, engage your audience to adopt strategies like creating a daily, weekly, or monthly series, running a contest, or giveaways.
Host an AMA related to the business, conduct a social media takeover, share, pin, retweet, and regram, create bite-sized video clips, repurpose your content, team with another brand, develop how to’s and tutorials, give customers the spotlight, conduct an interview, take advantage of the trending topics, poll your audience and many more exciting things.
Typically, a social media manager is the person within an organization who is trusted with monitoring, executing, filtering, and measuring the social media presence of a product, brand, corporation, or even individual. In technology-based cities like Bangalore, this is the best business one can have. These managers have to do a lot of writing like dozens of posts in a day. For this business, you need to be hardworking and dedicated to handling the company’s social media well. Research work is a necessity in every field and so is required in this one too.
You need to be a social media expert because you are the key to everything.
CAKE MAKING AND DESIGNING
If your cakes are always demanded by your loved ones then this is time to take it seriously and on a professional level. To transform this habit of yours into business. 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. You can also collaborate with a local bakery shop and can get bulk orders.
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.
GRAPHIC DESGINING
This type of business requires eye-catching promotional material to catch the attention of the audience. If you know about graphic designing and have quite well knowledge of this topic and can provide something unique to your audience so you can start this business. All you require is a laptop, some tools, and your own talent and uniqueness to engage the audience in your idea.
Graphic designing is a business where people create visual content to communicate with the targeted audience, they create ideas to inspire the audience, they develop the overall layout and the designs by using computer software or through their hands.
There are different types of graphic designers which include, visual identity graphic design, marketing, and advertising graphic design, marketing graphic design, user interface graphic design, publication graphic design, packaging graphic design, motion graphic design, environmental graphic design, art and illustration for graphic design.
You can either work full-time or part-time and earn a good amount of money. Find your first graphic design clients, set your pricing, name your graphic designing business, build a basic website, develop a simple graphic designing plan, communicate with your clients, deliver high-quality projects on time, write and send professional invoices, collect payments from your clients, ask for referrals.
CREATING AN ONLINE PLATFORM FOR SOCIAL MEDIA INFLUENCERS
Nowadays social media is flooded with influencers and connecting with people is made easy. You can connect with anyone in the world and from any corner. In this business, all you need to develop is a website that will serve as a bridge between companies and social media influencers.
Creating an online platform for influencers having hundreds and thousands of followers is the best business idea you can start in Visakhapatnam. The demand for social media has increased over time. Keeping this in mind you can generate huge profits out of it. Help different companies to find the right influencers to increase the marketing of their products and services.
The most integral advantage of this business is that you do not have to leave the comfort of your home. By sitting in your room you just have to create a website and connect the companies with the influencers. Create significant portfolios of the influencers with their details that will help the company choose better.
It requires negligible or very little investment, this is the in-trend business. This is an online business, so you will avoid many overhead costs. This business is highly flexible and highly profitable.
REAL ESTATE AGENT
If this business is done correctly and in the best locations, then this business can turn out a huge success for you. It also doesn’t require much initial investment. This is one of the most highly lucrative business ideas to start in the city.
Being the plethora of educational institutes and store for numerous spare parts manufacturing units, starting a real estate business there is a very profitable idea. The above-mentioned facts show that many people migrate to the city either in search of quality education or for work. Hence they require a space for a living. So the demand for real estate agents has increased. With such a population growth rate, there comes a need for more residential and commercial spaces.
That is why starting a business of real estate company will offer you a great opportunity and a way to get ahead in Visakhapatnam. 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 can use your network tie-ups and connections properly you will surely take this business to heights. It requires a meager initial investment, is a sole proprietorship. The business will generate huge profits in the long run. It is always in demand business.
CAREER DEVELOPMENT CENTER
The ultimate aim of the career development center is to provide the right direction for students. These centers prepare students in all types of fields starting right from communication to teaching them managerial skills. Visakhapatnam has seen an increase in its IT and BPO companies.
Due to this reason, the requirement of skilled and competitive employees has been burgeoned. Before landing into their dream companies you will train enrolled students to polish their skills. Make these students identify potential career options. The available faculty will make the students understand the available options in the market.
You should also tell these potential employees the demanding business. Let them compare all the available options for a career. Assessment, exploration, preparation, implementation, and decision making are the keys.
WEBSITE DEVELOPMENT
Web development is the building and maintenance of websites, you have to work from behind to make a website look great, you need to work fast and perform well to make a website look great. Website development is the way to make people aware of the services or the company’s brands and make them understand the relevance of the products.
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, which 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. As there has been an increase in the website developer this is one of the best business ideas to start.
INTERNET MARKETING AGENCY
Many companies are investing in increasing their online presence which can prove to be a very good business opportunity in Visakhapatnam. You can connect with the local businesses and can make them explain and understand the importance of a strong online presence and that could play beneficial in your favor.
This business can be listed on social media platforms to engage the audience. You can also create a website for the same. You should know digital marketing and hire different people like content writers, web designers, marketers, etc.
Most of the owners of the older shops do not even know how to socialize themselves, they are still practicing on brick and mortar concept. So with the help of an internet marketing agency you can help such owners and can earn good money. Since there is no possibility of social media slowing down you can always include new things on your list and work upon them.
It is an immensely profitable venture as social media never goes out of demand. Know your market, research well, be ready with the business plan to do things accordingly.
BLOGGING
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 Visakhapatnam.
CAR WASHING
Visakhapatnam is a very large and growing city. In the city mostly all the people are working. They do not even have time for washing their cars at home. Everyone who owns a car must get their cars washed at least once a week. This business can be fun, interesting, and most importantly profitable if started in Visakhapatnam.
With the right knowledge of the perfect locations, correct information about the car wash techniques, marketing tactics, and quality service, one can earn huge money from this business. You can also start your own mobile car wash, in this, you have to visit the customer’s place to provide them the services. This business will become highly profitable if you do this business correctly.
You need to invest in buying equipment like a washing system, such as a conveyor tunnel, chemicals, dryers, blowers, vacuums, brushes, towels, water system. Opening a car wash business requires significant investment, correct planning, and attention to the littlest details, to make the business profitable.
One can visit a car washes to get an idea of how this business works, one should be familiar with all the trends and statistics of the area from which the business has to start. Research about the competition of your area, work on the business plan, find the investment capital for opening a car wash, get necessary permits and licenses, market your business.
Hire employees, use strategies like giving away free car washes and other promotional items, add services to make your business successful, offer express detailing services, use text messages to contact potential customers, offer monthly passes. Using these techniques and your own knowledge and creativity one can easily make this business a huge success.
PHOTOGRAPHY
This can be the main source of your income as well as the second source of income meaning you can start your own business for earning full-time income or you can provide your services and earn some income. There is a lot of competition in this business, so one needs to be creative with skills in his hand to earn money.
Anyone can take photos, but only a few can make a powerful impact on others and leave a powerful impression. If you are interested to start this business in Visakhapatnam then this business will prove very profitable in the city.
For a start, you can establish a simple studio instead of a professional studio. Instead of investing in the studio and spaces, one should invest in buying high-quality lenses, laptops, and the other things required in a photography business. For this business to reach greater heights you need both, raw talent and a sense of marketing.
Market your business via social media platforms, create your business name and logo, research the best business structure. Set up business bank accounts, establish a referral program, set pricing after researching the area, work upon customer’s expectations as it is the main factor for your success.
You can work as a wedding photo, stock photographer, contract worker, commercial photographer, product images, food images, and many more.
Small scale business in Vizag Home based business in Vizag Best Business ideas in Vizag Low Budget Business ideas in Vishakapatanam
Also Read Business ideas in Kanpur Business ideas in Mumbai Business ideas in Kolkata Business ideas in Pune Business ideas in Hydrabad Business ideas in Raipur Business ideas in Bhilai Business ideas in Bangalore Business ideas in Delhi Business ideas in Nagpur
CONCLUSION
Always remember that for a business to be successful you need dedication and proper planning. We hope this business list provided above will help you decide which business to start and hope to inspire budding entrepreneurs to start their own ventures.
Also, you should always have a positive attitude towards everything as it will help you in building your business more successfully. Let it be Visakhapatnam or any other city the most important aspect is your interest and how much effort you are willing to put into it. Once you decide to give your 100 percent there is no stopping you.
In each business there will be barriers, there will be obstacles but your hard work, strength, and dedication can easily overcome those obstacles and become great success stories for the world. You have the power to inspire the world by following your passion, your dreams and become successful.
Add Comment