TOP 10 SUITABLE START-UP BUSINESS IDEAS IN KERALA

There are several small business opportunities in Kerala that can fetch returns for entrepreneurs looking for fast returns. We have listed down few suitable businesses with a funding requirement between Rs3 lakhs – Rs10 lakhs. Many NRI’s who return from Gulf countries are worried about their money and are looking for means to be self employed. We have listed a few business opportunities that are suitable for start ups in Kerala. These business models will not only help you generate revenue but also makes it hassle free as most of these can be run in a sole proprietary framework. These ideas will give you enough flexibility to manage your business from home or a work station which requires minimum capital investment.

I. PROPERTY MANAGEMENT SERVICES/ ESTATE AGENCY
Services in managing property and estate are becoming a lucrative business in Kerala. Agency can earn from services in the form of maintenance of property, letting out on rent and finding suitable tenants for rent, preparing and marketing property for sale.
• Investment Required- up to Rs.8 Lakhs
• Suitability- persons with marketing and networking skills, basic managerial and administrative skills.
• Monthly margin- 20-30%

II. APP. BASED HOME-MADE FOOD DELIVERY
Homely food delivery services can be ordered through a mobile phone application. Fresh and tasty home food is always in demand for the targeted customers. Healthy food for youngsters and elderly people can be a good focus. Pre booked menu based food delivery to offices to all staff is also profitable or a trolley service for snacks supplied during breaks in offices. There are various options available.
• Investment Required- up to Rs 6 Lakhs
• Suitability- persons who love to cook and make tasty cuisines and are willing to create their own brand of food products.
• Monthly margin- 15-20%

III. ACCOUNTING SERVICES
Many small and medium sized companies do opt to outsource some or all of their accounting/ audit and administration work. It can fetch revenue depending on the scale of the business and the number of employees employed. There is a great scope for budding Accountants to start this business.
• Investment Required- between Rs.5-10 Lakhs
• Suitability- persons with Accounting knowledge and expertise
• Monthly margin- 20-30%

IV. SELF EMPLOYED SEO
Modern businesses are developing at a fast pace through online portals and websites which facilitate marketing and giving business its global footage. Search Engine Optimizing is a necessary tool enhancing website ranking and optimizing. It is a good work from home option which gives one the flexibility and income.
• Investment Required- up to Rs.5 Lakhs
• Suitability- persons with IT skills and upbeat about new technological developments.
• Monthly margin- 15-20%

V. BLOG CONTENT WRITER
Professional content writer’s skills are in demand. Business blogging and content marketing are effective methods to enhance website viewing. One can work as a freelance content writer or blog writer for companies. The more active you are on social media, the more likely your followers will be to recommend your content. Successful content writers are active, public and friendly.
• Investment Required- up to Rs 3 Lakhs
• Suitability- persons with great writing skills and good command over the language.
• Monthly margin- 10-15%

VI. ONLINE HOME DECOR SERVICES
Those who love home decor, and everything that makes our homes more personal and elegant, can start an online home decor store. You can make and sell your products online like designer candles, wall murals, cushion covers, kitchen dining and accessories. This has a good scope if you have the skill to design and create something beautiful which will make the home look more elegant and fun to live in.
• Investment Required- up to Rs 5 Lakhs
• Suitability- persons with good aesthetic sense and those who love to design and make home accessories.
• Monthly margin- 15-20%

VII. HOME TUITION ONLINE
Individuals with experience in teaching can start up an online tuition service. This gives one the scope of developing their business over a wider market. There is a high demand for tuitions for smaller grades as well as professional courses. One can also include skill development training courses such as Tally, Accounting, Excel, Power point etc.
• Investment Required- up to Rs 3 Lakhs
• Suitability- persons with good teaching skills and subject knowledge
• Monthly margin- 10-15%

VIII. ONLINE PLUMBER AND ELECTRICIAN
Kerala is experiencing a shortage of individuals in technical skills such as plumbing and electricians. An individual providing these services in a professional web based service will be a rewarding business. If one is not skilled in this area he can also consider assigning work to plumbers and electricians in different locality as per the need. It is also a means to generate jobs.
• Investment Required- up to Rs 8 Lakhs
• Suitability- A skilled person or a person with good networking skills.
• Monthly margin- 15-20%

IX. DESIGNER FASHION BOUTIQUE
Individuals with an interest in fashion designing and stitching skill can think of a business line of a fashion boutique for men and women. The boutique will showcase fine apparels and dress materials of latest trend and fashion. The business can further be extended to include bridal dresses or costumes on hire for different occasions for school children.
• Investment Required- up to Rs 10 Lakhs
• Suitability- persons with artistic talent and a keen observer of the latest fashion trends.
• Monthly margin- 15-20%

X. BEAUTY PARLOUR SERVICE AT YOUR DOORSTEP
To start an online based beautician service at the clients home at their convenience by providing the same services that one gets by going to a beauty parlour. The only requirement is a skilled beautician who can take appointments online and visit the client’s home. A vanity van on the go is also a good option. The services could include a facial, manicure, pedicure, hair spa, waxing, haircuts, hairstyling and wedding makeup. This is a good business option to start in Kerala.
• Investment Required- up to Rs 7 Lakhs
• Suitability- makeup artist, parlour and masseuse specialist
• Monthly margin- 15-20%

List of funding and Business support agencies in India
1. TIE Kerala (http://tieconkerala.org/)
2. Kerala Startup Mission (https://startupmission.kerala.gov.in/)
3. Kerala State Industrial Development Corporation (KSIDC) (http://www.ksidc.org/)
4. Kudumbashree (http://www.kudumbashree.org/)
5. Kerala State Women Development corporation (http://www.kswdc.org/)
6. Kerala State Minorities Development Finance corporation (http://www.ksmdfc.org/)
7. SIDCO (http://www.keralasidco.com/)
8. Kerala Financial Corporation (http://www.kfc.org/)
9. Kerala Institute for Entrepreneurship development (http://kied.in/index.html)
10. MUDRA Loan (http://www.mudra.org.in/)
11. Stand-up India (https://www.standupmitra.in/)
12. MSME (http://www.msmedithrissur.gov.in/)
13. Bharatiya mahila bank (http://www.bmb.co.in/)
14. NORKA (http://www.norkaroots.net/ndprem.html)
15. SIDBI (http://www.sidbi.in/index.php?q=en&&lang=en)
16. NSIC (http://www.nsic.co.in/)
17. DIC (http://www.dic.kerala.gov.in/web/index.php)

< Foreign based Funding and Private equity firm invested in INDIA
1. Sequoia capital (https://www.sequoiacap.com/india)
2. SAIF (http://www.saifpartners.com/)
3. Blume ventures (http://blume.vc/)
4. RTP ventures (http://www.rtp.vc/runet)
5. Icon ventures (http://www.iconventures.com/)
6. Beenext (http://www.beenext.com/)
7. Catamaran ventures (http://catamaranventures.com/)
8. Nexus venture partners (https://nexusvp.com/)
9. Qualcomm ventures (https://www.qualcommventures.com/)
10. Eight Roads ventures (https://eightroads.com/en)
11. Mangrove capital partners (http://www.mangrove.vc/)
12. Kalaari capital (http://www.kalaari.com/)
13. Light speed venture partners (http://lsvp.com/)
14. Alibaba (http://www.alibabagroup.com/en/global/home)
15. Helion venture partners (http://www.helionvc.com/)
16. Naspers ventures (http://www.naspers.com/ventures)
17. Accel partners (https://angel.co/accel-partners)
18. Tiger global (https://angel.co/tiger-global)
19. IDG ventures India (http://www.idgvcindia.com/)
20. Matrix partners India (http://www.matrixpartners.in/)
21. TPG Capital (http://www.tpg.com/)
22. The Abraaj Group (http://www.abraaj.com/)
23. Bessemer venture partners (https://www.bvp.com/)
24. Hillhouse capital (http://www.hillhousecap.com/)