Looking to start a business in Jaipur? Look no further. Here are 13 amazing business ideas in Jaipur for the entrepreneur in you.
Jaipur, or the “Pink City” of India, is known for its tourist attractions and foodie delights. But this capital city of Rajasthan has a strong potential for business and economic development. Owning a small business in the bustling city of Jaipur could be the next best thing. With a population of almost 31 lakhs, Jaipur could serve as a great customer base for you to build a steady and profitable business.
Jaipur has a highly diverse economic profile, with some sectors like manufacturing and services being the most active. As a result, it has become an essential, up-and-coming micro, small and medium enterprises cluster. The recent development of the city’s IT hub and startup ecosystem has given a current upsurge to how business is done in Jaipur.
Jaipur is exceptionally well-connected by rail, road, and air in terms of logistics and transport. The city’s proximity and strategic location on the golden quadrilateral of national highways keep it connected to all major metros and urban centers. Moreover, it has a steady influx of foreign nationals due to tourism – giving access to a whole new marketplace.
Nowadays, it is entirely possible to build a successful small business without investing huge sums of money. It is recommended that you have an asset-light model. Lower rentals in Jaipur are an excellent incentive for new business people to start a business in the city. In an early-stage company, low rentals can be a make or break factor, which is why Jaipur can be a great place to start.
Not just that, the cost of running day-to-day operations is lower in Jaipur, or Rajasthan for that matter. This factor increases the runway of your working capital or the period for which your money will be sufficient. You can continually reinvest the money that you save back into the business.
In this article we’ll look the top thirteen business ideas in Jaipur to start a new, small-scale business.
Business Ideas in Jaipur
Here are some of the most lucrative business ideas in Jaipur to pursue.
1. Textile Business
One of the traditional strongholds of business in Jaipur has been the textile industry. For locals, Indian tourists, and foreign tourists alike, Jaipur textile has been a constant object of curiosity and fancy. You could go for a specific type of traditional garment or have a range of apparel, but it is bound to attract a lot of attention if run correctly.
It is important to know firsthand what your financial capacity is to invest in the business. You have to understand that your initial investment and business acumen will define how far you will be able to go financially.
A thoughtful way to go about it would be to create traditional, handcrafted clothing, which is in demand among tourists who prefer buying authentic Rajasthani clothes. It is not necessary that your business model has to be of only one type. You can also look at becoming a wholesaler and source fabrics to sell to other textile shops.
2. Arts and Painting
This business is in exceptional demand among foreign tourists and art aficionados. It carries a lot of reputation and may lead to good fame and excellent earning potential. However, this is a precision-oriented business, where the better the quality of work, the greater the chances of success – especially if you are a local artist or painter.
There are different ways of running this business in collaboration as well – you can tie up with art galleries to sell your pieces of art and paintings. You can also look at certain printing stores for printing shirts, mugs, and other such articles. The critical thing to realize here is that traditional artifacts, portraits, and paintings are to be created in such a manner that it appeases both local and tourist crowds.
3. Travel Business
Perhaps one of the most bankable ideas to make gains in the economy of Jaipur is having a tour and travel business. The Rajasthan government supports a lot of travel businesses. A constant influx of tourists makes it a flourishing business. It could be for local tourist visits, travel tickets, or hotel room bookings. Hence, travel businesses can be a profitable opportunity for any small business owner.
Collaborating with other local businesses is a great way to expand your business. Add local shops and restaurants to your network and build a solid online presence through your website, social media, and other channels.
People in Jaipur are incredibly fond of local and traditional handicrafts of varying types. It is not just for themselves, but for their guests and relatives as well. Whether you are into these crafts yourself or want to source these materials by collaborating with others, handicrafts can be a great business to get into.
Traditional beads, jewellery items like earrings or necklaces, and other items like blue pottery like vases, pots, cups, bowls, etc., are some forms that traditional handicrafts businesses could take shape.
This can turn out to be a high-margin business. Hence, you must use high-quality raw materials, keep yourself updated with new trends, and finally, employ a traditional but different touch in your products so that your customers are wholly satisfied.
- Learn how to start a candle business.
Jaipur is a paradise for food lovers. Vegetarian or non-vegetarian, snacks or food, traditional or junk – Jaipur has enough variety to satiate everybody’s food cravings. Although there are many good eateries and restaurants already, as they say, “there are never enough good restaurants.” It could be a fast-food joint, a sweet shop, an eatery, or a full-fledged restaurant, and you will find people walking into your shop.
If you are a good chef, that is an added advantage. Social media is the way to go when it comes to marketing and publicizing eateries. It is also essential that you complete all the necessary formalities and registrations from the relevant authorities.
- Learn how to start a bakery business.
- Learn how to start a restaurant business in India.
- Learn how to start a food business.
Jaipur has a rich tourist ecosystem. People travel to Jaipur and Rajasthan for a variety of purposes. Romantic getaways, family trips, educational tours, group trips, foreign tours – Rajasthan has something for everyone. Naturally, people would want to capture their memories of the trip. This is what makes photography such a lucrative business. Apart from tourism, photographs for coffee table books, diaries, journals, calendars, and other such articles can be a great way to increase your reach professionally.
You can use social media to create a following for the pictures or videos you take, and this channel can be a cost-effective way to push sales.
- Learn how to start a photography business.
7. Hostels and Homestays
Long-term tourists or backpackers are among the few tourist groups that prefer to stay in hostels and homestays over traditional hotels. Not only are they cheaper, but they also have a strong, rooted cultural element to them that tourists like – a personal touch instead of the mechanical, organized service given by the hotels.
The capital investment required is lesser in creating a hostel or a homestay; hence, the chances of it turning out to be a profitable venture are high. Location, accessibility, and ease of booking are vital factors that could make your venture in this segment a success.
8. Warehouse Rentals
Industries have always been Jaipur’s strength. With the industrial expansion and improvement in logistics, the need for warehouses has increased rapidly. Online shopping for goods has also exponentially increased; as a result, the demand for warehouses has gone up. All you need is some extra space, and you can rent it out to other parties for a decent profit.
9. IT-based Startups
Many startups have lately emerged as successful ventures, making Jaipur one of the leading startup hubs in India. Many new-age entrepreneurial ventures like CarDekho, InstaCash, etc., have gained nationwide recognition. Jaipur has the potential to provide an excellent ecosystem for your startup as well. Incubators and Accelerators have also shown a significant presence in Jaipur. This makes it favorable if you want to establish a startup.
10. Travel and Food Blogging
If travel or food is your passion, it would be an excellent opportunity to start travel or food blogging. With tourist attractions galore, Jaipur can be the ideal city and Rajasthan the perfect state to begin your blogging career. Another form of blogging is video blogging or vlogging that has become a significant trend on social media.
11. Automobile Parts and Servicing
The automobile industry in the state remains at an all-time high. This is due to the burgeoning population, heavy tourism, and high logistics & transportation load. More passenger and commercial vehicles in circulation mean a more significant service requirement. Moreover, there are automobile clusters like Bhiwadi nearby, which provide access to a great marketplace to purchase these spares and raw materials. This can also make for a profitable business.
12. Jewelery Designing and Training
Most of the precious stones in India come from Rajasthan. 15% of India’s exports are of gems and jewellery, and Rajasthan is a significant contributor. A small-scale business where you create designer jewelery and train other people through courses can be a low investment, high profitability business.
- Learn how to start jewelry business online.
13. Pet Cafe
Going to pet cafes has become a popular trend among any city’s elite. This is simply because they want to give the best possible care and social atmosphere to their pet companions. Pet cafes provide pet owners with a place to let their pets relax and enjoy themselves. Having a venture like this can be a great source of profit, but more importantly, it can give you access to a fantastic community of people with shared interests.
This is by no means an exhaustive list; there could be many more ways to start a small-scale business in Jaipur. In the end, though, the success and profitability of the venture would depend on how you run the business. There are three basic mantras of running a business in the early stages – hard work, visibility, and cash flow.
- Hard work – A business requires hard work and rigor throughout each and every day. However, in the early stages, it becomes a little more important because that could be the difference between success and failure.
- Visibility – In today’s day and age, it is imperative to create visibility for your business. You might be outstanding, and your quality might be comparable with the best. But if your business is not visible to your prospective customers, it will get lost in the flurry of choices available to people. Thankfully, social media has become a very readily available and powerful tool. You can use it to create visibility for your business and reach out to your target audience in a cost-effective manner.
- Cash flow – When the revenue is not steady and expenses are not definite, your business must manage the cash flow. You need to make sure that you have made provisions for business operations and you do not have to shut down your operations at all. It will also be better to identify a few alternate sources of income to supplement your primary income. This would help you in case you need to find cash urgently for a short period.
With the internet being such a significant phenomenon, it is no longer a compulsion to have a physical presence. Before investing in a physical space, you can start an online business in a much shorter turnaround time. With COVID-19 putting a dent in the economy, it is even more important to be prudent with your investment. Having an online store can help you be financially sound and avoid the curse of lockdowns.
Why keep planning about your business when you can start your business with just a few simple steps?
Just give your mobile number, verify OTP and you’re in.
Step 2 – Choose your store name and category.
Step 3 – Upload your products.
Step 4 – Promote your Dukaan store.
Simple! Isn’t it?
Which business is the best to start in Jaipur?
Experiment with the following types of business:
- Textile Business
- Traditional Beads Jewellery
- Sweet Dishes
- Paintings and Arts
- Blue Pottery
- Traditional Handicraft
- Automobile Service Centre
What kind of business can I do at home?
Today, you can make a business out of just about anything - online tuition, groceries, food delivery, restaurant, baking, clothes, art, electronics, etc.
Which business is most profitable in Rajasthan?
Profitable businesses in Rajasthan include:
- Online Rajasthani Fabric Boutique
- Ethnic Jewellery Store
- Fast Food Café
- Local Art Gallery
- Online Blue Pottery Store
- Rajasthani Spice Store
Dukaan app helps local businesses become digital and use existing channels like Whatsapp to sell their products. Dukaan app can be beneficial, especially if you are not very well-versed with technology. All you need to do is download the app (from here), complete the registration process in a minute, and list their products. Once the process is completed, all you need to do is share the link to the online store with customers through WhatsApp to get orders.