5 Businesses You Can Start Today From 50, 000 to 1 Lakh

BANGALORE: In the previous article, 5 Businesses You Can Start Today With Less Than 50, 000, we discussed low investment business under 50, 000. Here is the list of 5 businesses that one can start under 1 lakh.

#Electronic Shop

Budget:   80,000 – 1, 00,000

With the upcoming advancement in technology, the electronic items market is booming like anything. In such a scenario starting an electric shop is an excellent idea. Items like fan, bulb, heater, CFLs; switches are products that are evergreen in sale.

Requirements: To open an account with a local distributor, you need TIN (Sales Tax ID) from your state government and if you are selling all over India, then you will require CST (Central Sales Tax ID). And to get a TIN number you must be a registered company with a local registrar office.

After completing all the necessary patents and registrations, you will need at least 6 weeks to setup and get the things started.

Read More: 5 Businesses You Can Start Today With Less Than 50, 000