Are you dreaming of starting a business in Mumbai? Well, then you must be confused because Mumbai is a huge dynamic city. But no worries. we have enlisted the top 10 most profitable & successful business ideas in Mumbai that you can find to be very useful. Mumbai is indeed an amazing place to begin a start-up company and in addition to that, it is also a great place to live in. If I talk about Mumbai, it is a big state and you have opportunity to start any business among small business ideas from home.
Firstly, we’d like to provide an overview of the city. this would help you to get an idea of the place and its composition. There are people from various places for example people of various religions, cultures, and castes. The place is extremely busy 24/7 and makes sure your business stands out from the rest because there’ll be a huge number of competitors. You can get the chance to become an entrepreneur if you look for the best unique business ideas from our list below. Check out our list of business ideas.
Listed below are the “Top 10 business ideas in Mumbai”
Table of Contents
- 1 Listed below are the “Top 10 business ideas in Mumbai”
- 2 3. Beauty Parlour Profession is Best For Women in Mumbai
- 3 4. Dance Studio is a Homebased Good Business Opportunity for Ladies
- 4 How to choose the right place for my business in Mumbai?
- 5 How to promote my business in Mumbai?
- 6 What are the creative businesses that I can start in Mumbai?
- 7 What are the entrepreneurial skills required to start a business?
- 8 Which is the topmost profitable business in Mumbai?
- Street Food Stall Low Investment Business Idea
The streets of Mumbai are constantly filled with people. they love exploring. It is a city with a high population. The place is flooded with people always. Food is everything, there isn’t anyone who hates food. Street foods are very famous in Mumbai. it sure is going to be a success. If you set up a street food stall at any place in the city. Develop new and creative recipes for the existing food. and add a bit of your new touch to enhance its flavours. people are never going to say no to yummy dishes and those that satisfy their hunger.
Similarly, make sure you are following a clean and hygienic method of cooking and serving. The top business idea is a street food stall. The buyers are going to suggest your place to their friends and family if they have a great experience. Let your stall impress your customers with its unique dishes that stand out from the rest of the street shops. After the pandemic, 2022 is the year people are largely resuming their routine work and stepping outside. It is the best business to start in Mumbai.
So it is the right time for you to take your cooking skills to the next level. And this is the most liked business by the people. And it is at the number one position of the top 10 business ideas in Mumbai. For more information also read the business plan & project report on the Food Truck Business.
2. GYM Centres
As much as people love to eat, they are also very conscious of their bodies and weight. It is a must to exercise every day and maintain a healthy body and weight. So the people of Mumbai are constantly looking for gym centres to enrol themselves. yet many of the time they are unable to make it due to their busy life schedules. So to help them, it is a wiser choice if you provide online gym classes for the people. It will boost your customers very quickly. And make sure you have skilled professionals to train them in the right way possible. If you start this innovative business idea you can make good money.
Therefore setting up a gym in Mumbai is one of the best decisions you can ever make. and we assure you that your business will be a success. Nevertheless, you must make the customers feel at ease. and provide them with the best service in a safe environment, especially for women. Follow policies of strict rules and regulations in treating the customers among your employees.
Your business should create brand loyalty in the minds of the customers and develop good relations with them. At the end of the day, it is the satisfaction and reviews of the customers that matter the most. For detailed information read the article on GYM Business Plan.
3. Beauty Parlour Profession is Best For Women in Mumbai
One of the most useful profession for women in the top 10 business ideas in Mumbai is to set up a saloon. It’s 2024 and people are constantly concerned about their looks. Every person from the age of 3 to the age of 90 visits the parlour to get a haircut. Moreover, it has become a habit now which was once only during festivities and celebrations. The world has changed and people are constantly shifting their minds towards what is more accepted in society. Girls and women are the majority when it comes to comparison. hence your saloon should be able to provide all the newly developed innovations. It is the best business for ladies sitting at home.
Provide services in all areas of beauty like skin, hair, nails, piercing, and everything nice. Keep developing your services and offer creative discounts and offers. As the place is highly populated with young girls who are very much concerned about style and fashion. Choose a place that does not have a salon nearby. Since there are several competitors. And also identify where your target audience is situated. Some examples may be next to a college, hostel, PG, and apartments. For more information read the business plan on the beauty parlour.
4. Dance Studio is a Homebased Good Business Opportunity for Ladies
the place is the absolute best to have fun and entertainment. Mumbai is known for its partying and nightlife. Some young passionate dancers are trying their level best to get trained. So a dance club is for sure a great home-based business idea for ladies in Mumbai. Organize your dance classes with proper and regular timings. the best dancers as trainers, and make sure your studio has the best ambience for the perfect dance sessions. It is a business with no investment or just a little investment.
Setting up your interior is your first goal. and to reach your students, you have to start up with various promotions via social media, posters, flyers, and exclusive offers. and exciting discounts for learning dance at the most affordable prices ever. You can also stand out by teaching all the different types of dances for example western, indie, classical, ballet, hip hop, tap dance, contemporary, kathak, salsa, ballroom, and every other type as much as possible.
Make ways for the students to reach greater heights. A good feature of your business would be Motivating them to participate in national and state-level competitions. And helping them get recognized by worldwide dance associations. Your dance studio will gain more profit through this. It is the best of all the entrepreneur ideas on our list.
5. Flower Shop
The most beautiful way to express your emotions is through flowers. As Mumbai is one of the most populated places in India is indeed the right location to set up a flower shop. Sell numerous types of exotic flowers because people always love and appreciate new, unique, and colourful things. Make sure your shop is offering all the extra services. Like door delivery, parcel, and courier service. People would prefer door delivery as they are constantly busy in their work lives. Mumbai people are celebrators and they love flowers. This idea is definitely on the list of the top 10 business ideas in Mumbai
Impress your customers with various additional creative services. special flowers for every type of occasion, be it a birthday, wedding, farewell, retirement, Valentine day, bachelor party, reunion, get-together, etc. Customize all your sales according to the needs of the customer. The colour combinations of the flowers, design of arrangement, wrapping of bouquets, colours of the wrapper, ribbons, with sweet message notes attached. Make sure your flowers are alive for many days and provide actual life-sustaining elements in the packages.
6. Medical Pharmacy Shop
All of us would have realized the importance of a medical shop near our house. When someone in the house is sick you immediately rush to the medical store for immediate help. So it is a very important basic need in all our lives. There are so many places in Mumbai that do not have a medical shop nearby. So if you are planning on setting up a business in Mumbai this would be in the top 10 business ideas in Mumbai.
It is a must to get your store certified and obtain all the rights required to provide the drugs to the customers. Also, make sure you have all the primary essentials related to the human body. Ensure you sell the latest produced products and keep discarding the expired stocks. Achieve a trustworthy impression from the buyers. and do not do anything that would stop the customers from buying from you. Attend to the customers immediately and very quickly because every person who is sick is important. and every life has to be saved.
Allow your customers to pay later if they lack funds. Attend to the sick first provided the customer gives a convincing reason for not being able to pay. Always work for the people of the society with humanity and sincerity. Give your best when it comes to serving people. Especially sick people. Appoint good employees for certainly It is a great service-oriented shop. They should have the best knowledge of pharmaceuticals and medicine. For more information read the business plan & project report on the pharmacy store.
Also Read: How to Start a Medical Pharmacy Chemist Shop in India
7. Ice Cream Parlour
Every person on earth loves ice cream. 90% of the earth’s population loves ice cream and the rest 10% avoid it due to health issues. Apart from this ice cream being fun, it is enjoyable and the favourite dessert and summer snack for every person. There is no end to the flavours of ice creams. It is a never-ending invention of tastes. If you are planning to set up a business in Mumbai then an ice cream parlour is the best choice. It not only is a place to eat but also to hang out and chat with friends and family. Ice cream parlour is one of the most successful small business ideas.
People spend time outside their houses to relax and rejuvenate themselves from the everyday stresses of life. To attract your customers with colourful ambience, beautiful interior design, fun play areas for kids. and most of all provide numerous new flavours. Keep getting creative in your ways of attending to the customers, and new ways of serving. People will always visit new stores, and if impressed they suggest them to other people. And also if they have seen things that they’ve never seen elsewhere. For sure the ice cream parlor is listed in the top 10 business ideas in Mumbai.
Also Read: Ice Cream Factory Business Plan & Project Report
8. HR Recruitment Agency
Unemployment is at its peak and Mumbai sure does have people getting fired and resigning on an everyday basis. And also to help all the daily ages workers. the recruitment agency indeed has to find the unemployed ones the right job according to their talents. This type of business will flourish in Mumbai. It is on the list of top 10 business ideas in Mumbai. Do not say no to any person who does not have a proper salary to run their family. Helping one another in society is your ultimate goal. So make sure you are catering to the needs of the unemployed. and provide them with a proper job as soon as possible.
9. Stationery and Craft
A huge number of creators live in Mumbai. You turn your head in all directions you will find creators working hard to establish their passions in the outside world through various means. There are several artists for example painters, artists who draw, designers, and many more. They are constantly in need of creative items which would help them to improve their work.
It is indeed the most required business in Mumbai. Sell all the necessary items in stationery like pens, pencils, painting elements, craft items like papers, scissors, beads, colours, tools, brushes, palettes, and so many other things that one would even know to exist. 101 thoughts are running in an artist’s mind about how to improve their works every time. And they are filled with imagination of products that would not only help them to enhance their work but also provide better work. So an artist needs numerous things to work on. This is for sure in the list of top 10 business ideas in Mumbai.
Also Read: Stationery Shop Business Plan & Project Report.
10. Sustainable Clothing Store
The earth is in constant danger. People have started to shift their ways of living by moving to sustainable goods and services. The world is filled with so many industries and factories. sustainable clothes are the best for every skin type according to research. They are safe for the environment as well. They are made from nature’s materials and are one hundred per cent biodegradable. Nevertheless, they are reusable numerous times before that. A sustainable clothing store is needed the most in Mumbai as it is a very polluted city. Your store is certainly going to change the minds of the people. This store is listed in the top 10 business ideas in Mumbai.
So, we hope you have gained some interesting ideas for your new venture. Yet you might be having some more doubts and questions. We have answered some of the questions for you below.
Also Read: Boutique Business Plan & Project Report.
FREQUENTLY ASKED QUESTIONS
How to choose the right place for my business in Mumbai?
The best way to decide on the perfect location is to look for your target audience. Find out the distance and makes sure you are at the center of your target audience. People will not be willing to travel long distances as they have a very busy life schedule. So be near and enjoy higher profits. Also, ensure your business is having proper transportation of raw materials and goods for selling.
How to promote my business in Mumbai?
There are so many ways to promote your business. You have social media, television advertisements, youtube ads. Posters, billboards radio, newspapers, magazines, flyers, influencers, bloggers, email marketing, SMS, and many more. So look for the best way to approach your target audience. and keep track of what mediums they will use for getting the latest information and reach them via those easily.
What are the creative businesses that I can start in Mumbai?
Mumbai is known for its entertainment and fun life. It would be amazingly profitable if you establish new party halls, theatres, concert bands, restaurants, and bars. And these are sure in the top 10 business ideas in Mumbai.
What are the entrepreneurial skills required to start a business?
For your start-up business:
1. Set a goal for your business
2. Star working on strategies
3. Find the right target audience
4. Grab the right location for your business
5. Make sure you have enough capital to run the business
6. Impress the audience with innovative measures and creative campaigns
7. Be consistent in creativity and innovation.
8. Offer customer-friendly services at all times.
9. Prepare a proposal with the budget required
10. Pay heed to the needs of the buyers and give them what they need the most.
11. Solve their problems with your service/product
12. Always be ready to receive feedback from customers.
13. Improve your ways if it is criticized by the customers.
If you follow these steps religiously then we assure you that your business will be a successful one.
Which is the topmost profitable business in Mumbai?
The textile industry is the best and is one of the most profitable businesses in Mumbai. Mumbai is a city of fashion. The fashion and style of Mumbai never fail to impress people all over India.
Finally, If you are starting a business in Mumbai, go for it. Do not worry about the profits at the initial stage. Make sure you establish your brand first then you will automatically experience growth. Continue to work hard and maintain a good relationship with your customers. Analyse the strengths, weaknesses, opportunities, and threats. Make amends accordingly. Your dream business takes time and patiently puts in the effort. Success is on the way. All the very best!