Which small export business ideas can be started with a low investment of 50K?

Entering a global market is a dream of almost every startup and beginner entrepreneur but the biggest hurdle is always huge investment that is needed to export your products. Want to know a few small export business ideas to start with a low investment of 50K? Go on and read ahead..

Using data from The United Nations, it is found that 18 million Indians were living outside of their country in 2020. Indian entrepreneurs following trends in the global market have business ideas that can be started with a relatively low investment.

Recently, India succeeded in exports which is at 113% over January FY 2017- there are countless export business ideas that are no more than 50K budgeted for. According to the Government of India, a growth of 37% is expected in Indian exports.

There are many opportunities in the global market emerging from India. With just 50,000 Indin Rupees there are a variety of business ideas that you can start if you have the opportunity to do so.

1. Imitation Jewellery

Primary exports contribution to India’s foreign trade is done by ethnic Indian imitation jewellery. There is a huge market and enormous demand for Indian imitation jewellery all around the planet. Not even that, Indians living outside India like to flaunt their traditional jewellery and are huge fans of it.

Entrepreneurs can easily set up a jewellery export setup by outsourcing contracts to domestic manufacturers which is helpful in cutting down the cost. They can get it done on a contract basis and it can save them from the burden of regular expenses.

Besides selling directly to customers through a D2C website. For example, you can sell through marketplaces that accept international orders, or decide to list on such sites yourself. You can also make your own website and directly sell.

2. Pickles

India exports pickles to 54 countries and it has become the “pickle king of the world.” This is quite evident that the pickle market is not only limited to India but has crossed all boundaries.

Many businesses want international success, but they cannot afford to move a lot of money around. Pickles exporting is accessible to small businesses, and is a great step towards a global business with appeal.

Starting a pickles business from home with a minimum investment of 30K to 40K can result in outsourced business models such as small pickle making businesses and women Self-Help Groups.

3. Papad

There are many small export business ideas you can get started with a new worth of 50K Indian Rupees. Randinh from Amritsari to Bikaneri papads, India has a large variety of papad that appeals to diverse consumers abroad. With only Rs 20,000 needed as start up investment there are many profitable options with no chance of major losses or panic markets.

Indian papad is reportedly exported 121 countries. Amazingly, this year, India has exported papad worth $34 million – double the revenues experienced in last year.

A papad business requires a low investment in the initial phase and can be started either with machinery or handmade papads. You can also setup machinery on hire basis to cut down the initial investment cost.

Starting a business with low investments is possible. You can even start with a very low cost but it’s important to think about scalability from the beginning. Amritsari papad brand that started in Ludhiana scaled up by selling overseas which speaks to their success.

4. Incense Sticks

In India it is called agarbatti (incense sticks) is found in every home and all the Indians living outside also are in need of this badly. Not even Indians but foreigners also love it so the industry is expected to grow with an increase in domestic and global demand. At present, India exports incense sticks to over 150 countries because of the rising popularity of aromatherapy and meditation worldwide.

Like papad business, you don’t need to invest a lot of money to start a small business of incense sticks or Agarbatti. The manufacturing can be outsourced.

5. Handicrafts business

Handmade handicrafts of India are more beloved internationally than they have ever been. This is largely because of the variations each Indian state possesses. One can export goods like hand bags, gift items, souvenirs, home decor, footwear, etc. which is a very profitable export business.

Handicrafts can be a great option for export, especially if directly sourced from the given artisans. Furthermore, the business has low start-up costs that ensure higher profitability.