Aurangabad is a famous and historical city in the Maharashtra state of India. Historical sites like the Ajanta and Ellora Caves surround the renowned destination town. The nickname for Aurangabad is "The City of Gates''. According to the Mughal Emperor Aurangzeb, the town was known as Aurangabad. This city is one of Maharashtra's most popular and sought-after tourist destinations.

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The climate in Aurangabad is semiarid. The entire Aurangabad region is covered in Upper Cretaceous to Lower Eocene lava flows from the Deccan Traps. Each of the pre-existing features can help you build your very own business in Aurangabad. According to the 2011 census, Aurangabad is home to 1,175,116 people, 609,206 of whom are men and 565,910 of whom are women. Hindi and Urdu are the city's official languages after Marathi.

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The Indian economy is significantly boosted by Aurangabad, the country's financial center. Maharashtra presents a significant opportunity for new and small businesses due to the expansion of many industries. 

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Why Should You Establishing a Business in Aurangabad :

Compared to other major cities, This town's cost of living might be lower than other major cities. However, some facilities you will be able to use differs from what you might anticipate.

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1. Nice weather, low-cost business requirements.
2. The wealthy, the attractive at first glance, and the undesirables.
3. It will provide details about your target market in all its manifestations.

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A Business Owner's Story in Aurangabad:

‍Tulja Sukhdayalsing Sharma, also known as Rani Tulja, operates a small machine tool workshop in Aurangabad called Tulja Tooling. She has been travelling, rain or shine, for almost two years, meeting manufacturers and industrialists to market her goods. It is frequently believed that women do not start hard-core manufacturing businesses and that this industry is not suitable for them; instead, they would be better off opening a catering or tailoring shop.

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Rani, a single mother of a six-year-old boy, cannot dispel these myths. After receiving her diploma, she worked as an apprentice, earning Rs. 1,500 while honing her technical skills in several small businesses. She decided to "someday start my own business" while employed at another establishment after feeling humiliated after interacting with her superior.

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In 2020, Rani revived her company by pledging her gold and borrowing cash from her understanding parents. She now has five machines, including a mill, a lathe, and a drill, and she employs two people. She handles all the design, technical work, and marketing herself, and her earnings last year were modest at Rs 24 lakh.‍

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What is a Small Business?

Small businesses are corporations, partnerships, or sole proprietorships that are smaller in scale than larger firms or corporations in terms of the number of employees and yearly revenue. Depending on the nation and sector, different types of businesses may be considered "small" to apply for government assistance and be eligible for special tax treatment. 

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What Motivates People to Run Small Businesses?

Small businesses serve as platforms for entrepreneurs, places for friends to work, and hubs for local communities. They are firmly rooted in the landscape and provide lower back energy and sustenance. The risks of running a small business are higher than working for a large, well-connected company. Still, the rewards include widespread prosperity and a web of mutually beneficial relationships.

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1. Lifestyle: 

Running a small business improves your standard of living. You determine where and when you must work because you are in charge. If you need more time to devote to extracurricular activities like sports or spending time with your family, you don't have to request a leave of absence. 

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2. Financial Gains: 

Owning your own business allows you to make more money than if you had hired someone to help you, despite the financial risk involved. You gain from the challenging work you do on your own.

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3. Opportunities for Learning: 

This circumstance provides numerous opportunities to understand the various corporate activities fully.

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4. Creative liberty and personal happiness:

As a business owner, you'll be able to pursue a profession you enjoy. You'll feel personally fulfilled by your performance, creativity, working ability, and good use by watching your company succeed, putting your ideas into action, and interacting closely with customers.

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List Of the Top Small Business Opportunities in Aurangabad

Though it may seem challenging to develop a viable company idea, with some planning and thinking, one can establish a small business to increase their income or work for themselves full-time. The main small business ideas in Aurangabad are:

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1. Textile Sector

Aurangabad is one of India's top cities for textile production, responsible for about 10.4% of all textile and apparel production in India. Many locations in Maharashtra, such as Malegaon, Solapur, Bhiwandi, etc., are mostly recognized for their textile mills. Due to the state's fantastic retail and wholesale textile markets and manufacturers, 

• Aurangabad presents terrific opportunities for starting a textile business. The fashionable yet affordable clothing sold in Mumbai's many well-known textile and clothing markets is famous.

• You can select a specific niche in the textile industry, such as jeans, t-shirts, shirts, traditional wear, etc. 

• T-shirt printing, customized shirt making, stitching etc., are profitable in your small business.

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India's textiles industry has around 4.5 crore utilized specialists counting 35.22 lakh handloom workers over the nation. The Indian textile and apparel industry is anticipated to develop at a 10% CAGR from 2019-20 to reach US$ 190 billion by 2025-26. India is the world's biggest producer of cotton.

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2. Organic Food And Vegetable Store

The city of Aurangabad is one of India's top agricultural product producers. Statistics show that during the 2018 fiscal year, the Aurangabad fruit and vegetable industry helped the Indian economy by about INR 372 billion. 

• Thanks to its daily turnover and profit margin, the organic fruit and vegetable business is lucrative and doesn't call for a sizable investment.

• Aurangabad has many urban areas where people prefer organic foods more. 

• Due to the growing demand for organic fruits and vegetables, startups and small businesses in Aurangabad have a fantastic opportunity to launch this business with little investment.

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3. Fast Food Centre

One of the best small business concepts in the city is the fast food industry. Aurangabad receives many domestic and international visitors to sample the delicious street food there. 

• The most well-known fast food in Aurangabad is vada pav. In addition to vada pav, other well-liked fast foods include pav bhaji, misal pav, and poha.

• Here, a fast-food outlet selling famous street food and fruit juices consistently makes enormous profits.

• It is essential to have enough space in a busy area, such as close to a train station, schools, colleges, markets, etc., to launch a fast food enterprise in Aurangabad.

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4. Tourism

The Maratha culture and tourist attractions in Aurangabad are well known. Aurangabad's historical sites and breathtaking scenery draw a lot of tourists from both domestic and foreign countries. 

• Aurangabad was the second-most visited city by international visitors in 2014, while domestic visitors ranked it fourth. 

• Aurangabad has many well-known hill stations, religious sites, and historical landmarks that both domestic and international tourists enjoy visiting.

• With many tourists visiting throughout the year, the tourism industry is one of the best business ideas in Aurangabad. 

• Start your own travel company or work as a tour guide to educate tourists about the customs and history of the area. 

• This business doesn't need a sizable investment to get started. But it's essential to be well-versed in popular tourist destinations.

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5. Real Estate

Real estate is one of the industries in Aurangabad that is expanding the quickest. The housing market in the city is sizable, both for buying and renting. The metro, airports, and highways, among other upcoming infrastructure projects, will increase connectivity within the town.

•  Due to improved connectivity and necessary amenities, the city is experiencing increased home purchases.

• The benefits and programs of the city and federal governments are helping the Aurangabad real estate market expand.

• If you are familiar with your neighborhood and have a solid network, starting an actual city business in Aurangabad would be the best choice. 

• To start a legitimate city consulting business, you can look for office space and apply for a license. 

• However, you can manage the business from your house and list your available properties on different real estate portals.

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6. Mobile Repair Shop

Due to the frequent damage mobile phones sustain, most mobile repair and recharge businesses are always busy with customers. 

• A small business with low startup costs makes a respectable profit.

• To start a mobile repair business, you can enrol in a mobile engineering or mobile repair course locally or online. 

• Opening a mobile repair and recharge business in rural and village settings is more profitable. 

• You can sell mobile accessories like earphones, headphones, chargers, etc., and repair and recharge mobile devices.

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7. Book Store

Another excellent small business in Aurangabad that requires little capital is the retail of books. In Aurangabad, there are numerous educational institutions for professional studies in cities like Mumbai and Pune.

•  Aurangabad has many schools, colleges, private coaching, etc. Higher education is available in Aurangabad to students from various Indian cities.

• Due to the city's significant education sector, the bookselling industry in Aurangabad is lucrative. 

• You can sell the student's used books for less money than brand-new ones. 

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8. Dance And Music Academy

One of the major economic drivers of Aurangabad and the nation is the entertainment sector. Since Aurangabad is the center of the Bollywood industry, many aspiring dancers and singers choose to launch their careers there. 

• The best idea for starting a small business in Aurangabad is to open a dance and music academy because the city has a thriving Bollywood industry.

• You can start the business by hiring skilled music and dance instructors. 

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9. Placement Agency

In the IT, software, and innovation fields, most significantly, numerous primary industries in Aurangabad established their businesses since they could find qualified candidates there.

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So, starting a placement agency in a single room is not a good business idea and is a simple and profitable business. 

• However, it's far more essential to reevaluate your needs and only rent to people who are a good fit.

•  It is a more viable business to establish in a relatively developed city like Aurangabad because there is an existing corporate sector, and new graduates and job seekers are moving to the area. 

• The main requirements are having connections within organizations, being registered, and being well-liked by jobseekers.

• For this, you need an extensive marketing effort that targets a particular demographic of potential clients. 

• This does necessitate a substantial investment and a professional setup. Returns are steady and growing once the business is well established, though.

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10. Grocery Shop

Grocery stores are always in demand. You can open a grocery store in a market or close to housing developments. The grocery store business is one industry that expands quickly and brings in a lot of money.

• You can look for a retail store and purchase all necessary grocery items there.

• Additionally, you can use a website or an app to manage your grocery store business online.

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11. Acting Institute

Bollywood is regarded as having the most significant global film industry regarding the number of people employed there and the total number of films produced.

Bollywood movies are expensive, with the most costly films costing up to 1 billion rupees. One of Maharashtra's most reputable small business ideas is opening an acting school.

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12. Travel Agency

The tourism industry in India is growing daily because of the country's numerous historical landmarks. The Aurangabad travelling agency business is a fantastic idea to profit significantly.

Therefore, choose such business ideas if you are a great organizer and have enough knowledge about many locations. Additionally, you must contact the appropriate agencies for air, train, and road transportation. 

13. Food Factory

Since food is one of the three necessities of life, it is natural for people to want to indulge and start a business in the F & B (Food and Beverage) Sector.

Additionally, you can find a location where you can offer the service in a drive-through. You will need to locate a site outside the city because these setups are typically found only on roads.

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14. An amusement park

The amusement park is a capital-intensive but highly lucrative industry. Building an amusement park is viable as long as you have land.

The amusement park industry is ideal for the enthusiastic, fun-loving person who wants to start a successful, self-rewarding business.

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15. Online Business

Small business ideas can grow into large corporations over time, and the development of the internet and related technology can help.

• It has been demonstrated that small businesses with a web presence typically do better than those without one. 

• With the help of the Fynd Platform, You can sell your products on shopping websites like Amazon, Flipkart, Ajio, Snapdeal etc.

• In 2024, the internet will rule the planet. At the same time, you can also conduct business online.

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16. Recycling E-waste

India has a high demand for business recycling, particularly electronic waste, and the market is enormous. Survey managing e-waste so that one can make a plan.

The specifics, including the acquisition of the e-waste, the equipment used for recycling, the hiring of employees, and, most importantly, the budget needed for the business, must be pooled in accordance.

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17. Consulting

The consulting industry is ideal for you if you have expertise and experience in a particular field.

As businesses try to maintain as much leeway as possible in a challenging economy, the consulting trend continues to grow. The capacity to listen to your client is essential in the consulting industry.

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18. Export And Import Business 

Aurangabad's product export and import business are more profitable than the other business ideas.

• This means that you may be importing or exporting a product (or both) depending on how you approach the transaction.

• A service or good that is imported is one that was produced in another nation but was purchased in the first. 

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19. Handyman Business

A handyman, also known as a maintenance handyman, performs routine maintenance on different businesses or residences. 

• Their primary responsibilities include fixing plumbing systems, maintaining company tools and equipment, and testing various commercial and domestic appliances to ensure they function correctly.

• A handyman offers various home repair services depending on his skill set and the client's needs. 

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20. Flavored Hookah Bar Lounge

The hookah bar and lounge are ideal for urban and suburban areas. With careful planning and a sizable financial commitment, an entrepreneur who is genuinely passionate about the hookah industry can launch a business.

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21. Agriculture Industries

 Aurangabad district is famous for diversified agriculture. Jowar, pearl millet, wheat are the primary food grains, and soybean and cotton are the main cash crops.

The farmers can earn tremendous money by selling crops and vegetables with significant economic value and the highest net returns.

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22.  Event Management

Aurangabad's residents can make money off of the lucrative business venture. There are many natural beauties in Aurangabad. As a result, you can use your company's assistance to plan gatherings at destinations.

I hope you now have a clear notion of the business opportunities in Aurangabad that you can pursue immediately.

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23. E-commerce Solutions

By developing different E-commerce solutions as required by their enterprises, such as online portals, virtual shopping carts, SEO, SEM, and SMO services, you may aid as an e-commerce professional.

The popular E-commerce platform is Fynd Platform, which is trusted by thousands of businesses. 

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24. Spa Or Salon

• Starting a salon or beauty parlor has been significant among cities' most popular small business ideas. 
• Teenagers in younger India take more excellent care to appear well-groomed and presentable.

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25. Security Services

A few of the most significant current changes in the security and safety industry are the increasing outsourcing of public security functions and the convergence and integration of technology.

In this city, the security-related venture is unquestionably the most popular small business concept to launch with a low initial investment.

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26. Matrimony Business

Matrimony consulting works to help two compatible people enter into marriage, a sacred institution. You can either launch an online or physical consultancy.

You must establish solid relationships and work to find the best match based on how desirable each person is.

27. Web Development And Design

Businesses and educational institutions like universities, colleges, and schools must create web portals because more and more people in Aurangabad are using the internet to access jobs, shop online, and learn about educational notifications.

We are confident that Aurangabad lacks young people who can provide web design and development services.

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28. Kids Store

The expansion of the retail sector has led to an increase in real estate demand, and the evolution of online shopping has opened up substantial growth prospects for both domestic and foreign retailers.

Opening a children's store with all related merchandise is a successful small business idea.

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29. Franchise Business

A franchise is a business where the owner licenses their operation with different products, branding, and knowledge in return for a franchise fee.

• In exchange for a franchise fee, the franchise owner licenses the company's operations and goods, reputation, and expertise.
• The company that issues franchisees with licenses is known as the franchisor.

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30. Service Excellence In Career

It is a platform that is a very young and dynamic kind of organization, providing its services on the routes of the most outstanding successes because they combine traditional and modern methods to reach as many CES placements as possible to connect to the broadest range of businesses across the different sectors.

It contains the largest CES Placement and database, continually updated and sourced from social media, print media advertising, and other job portals.

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31. Coaching Classes

There is always a strong demand for tuition classes. You can begin instructing pupils at home based on your knowledge and educational background. 

Both online and offline approaches might provide you with a reliable means of making money.

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32. Automobile Services

Nearly all the major automobile manufacturers, including Renault, Land Rover, Tata Motors, Mahindra, and Fiat, have their headquarters in Aurangabad. Offering services like auto accessories, clothing, spare parts, car refrigerators, auto electronics, etc.
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It will help you get started working with these businesses. As these services are not easily accessible in the local market, they present new business ideas in Aurangabad.

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33. Tutoring

This commerce plan requires absolutely no funding.

You can join the many recent graduates earning good money each month by providing home tutoring services.

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34. Freelancing

Nowadays freelancing business has become the most profitable business in Aurangabad. In order to cut costs, clients from all over the world, particularly the UK, prefer to recruit independent contractors from India.
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If you have writing, coding, website design and development, or logo design skills, you may offer your services online and earn a respectable living.

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35. Blogging

This is another small business concept in Aurangabad that doesn't need much money, just tenacity, perseverance, and patience. In addition to freelancing, blogging is an excellent way to earn money online in Aurangabad.
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If you love to write and spread knowledge, you may start a blog and earn money. All you need to get started blogging is a domain name, web hosting from a hosting provider, and the installation of Blogger and WordPress.

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36. Online Reselling

People interested in fashion and money may recall starting a web reseller business. You may start as a side hustle and grow it into a full-time resale business, but it takes time, commitment, and a keen eye for fashion.
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You might want to sell unwanted clothing on online marketplaces like Poshmark and Mercari before expanding to your resale website.
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37. Taxi Services

There is a global need for this, and Aurangabad is not exempt. Even though UBER launched its smartphone application in India, few people utilize it.

You can register your vehicle with the UBER partnership program and earn money if you want to cooperate with UBER.

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38. Online Coaching

The need for online education has expanded business prospects. Since it's an online project, you can choose any situation you're aware of and train a route from anywhere.

Do not forget to teach international college students English as a foreign language if you lack superior skills in any particular area.

39. Social Media Consultant

The well-connected social environment greatly benefits from social media consultants. Eminent individuals, well-known public figures, and businesses hire social media consultants to manage their social media profiles on Facebook, Twitter, etc.
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They receive a sizable payment for these services. You can provide freelance services or work full-time for your employer. These are the top business concepts in Aurangabad that are moving in the right direction.

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40. Online Trading

Online trading of goods and services has significantly streamlined customers' lives and made business for business owners much simpler. You can set up an online store depending on the product you want to sell to a larger population segment.

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Whether it's a garment business or salon services, the best quality product and prompt service delivery are paramount.

• You must always have a trading strategy.
• The use of technology is required
• Trading capital protection is of the utmost importance.
• Comprehensive market research

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41. Used Car Buying/Selling Business

The segment of society made up of middle-class people is neither wealthy nor impoverished. This is the group that wants to advance. This class tries to acquire items that serve as status symbols for their existence, and purchasing a car is one of those things.
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In Mumbai, purchasing and selling used cars is another small business idea. Due to the ability to charge a commission for facilitating the transaction, the profit margin is high.

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42. Medical Services

If you have car and time management abilities, you should consider expanding your courier business—more precisely, a scientific one. As a driver, you will be responsible for moving scientific equipment, medications, and lab specimens.

You should either hire other drivers to work with you or start your own commercial courier business.

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43. Food Truck

The well-connected social environment greatly benefits from social media consultants. Eminent individuals, well-known public figures, and businesses hire social media consultants to manage their social media profiles on Facebook, Twitter, etc.
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They receive a sizeable payment for these services. You can provide freelance services or work full-time for your employer. These are the top business concepts in Aurangabad that are moving in the right direction.

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44. Fitness Centers

Fitness centers are sprouting up in every nook and cranny of the city. The desire among the younger generation to maintain an attractive physique and size, as well as some people's concerns about their health, has increased the demand for it.

• You should budget around Rs. 30 lacs as your initial investment to open a multipurpose gym. 
• In addition, you have regular monthly expenses of about Rs. 30000. 
• However, if the company succeeds, you will earn a profit of Rs. 10 lacs annually after paying all your expenses.

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45. Nutritionist

Aurangabad is where you should go if you have a degree in nutrition and dietetics. 

• The city was overrun with well-known celebrities, models, up-and-coming stars, struggling stars, and high-earning people, or you could take the entire film industry, which is the most health-conscious group in the nation.
• A nutritionist helps them with their physical needs and their diet. 
• A nutritionist's role is to advise clients on how to eat a balanced diet. These are modest business concepts in Maharashtra that have very high profits.

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46. Translation Services

A multilingual person can work in embassies, consulates, and businesses that deal with foreign customers.
Translators must interpret documents, files, and meetings from one language to another or vice versa.

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47. Photography

For an entrepreneur, finding the ideal setting, looking for a reasonable model, capturing the best images, and editing them are very time-consuming. Every week, we publish 150–200 products on our website, which takes time.

If there had been a respectable product photography studio in Aurangabad, we would have been delighted to outsource the product photoshoots and editing there.

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48. Bakery

One of the high-quality, reasonably priced business ideas for you is starting a bakery. You should decide on a menu for your bakery, set up a website store, and enable those in your area to order food to be delivered or picked up. You gain the ability to manage how much business you need to run or how many orders you need to handle in a day.

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49. Digital Marketing

The use of digital channels to market products and services. And make contact with customers is noted as "digital marketing" Websites, mobile devices, social media, search engines, and alternative channels with a comparable performance are utilized in this sort of selling.

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50. Interior Designer

If you have an eye for design, the ability to manage your space creatively, and up-to-date knowledge of current trends, you will undoubtedly be around for the long haul.

• Interior design is the best industry in Aurangabad, where you get a good salary.
• Successful interior designers typically start making between 4 and 5 lacs per year. 
• Your income will increase as you work with wealthier clients and take on more upscale projects.

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51. Paying Guest Service

Small businesses with a sizable population of aspiring actors, students, or other professionals who move to Aurangabad for work or study need a place to live.
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This is how paying guest services can turn into potential business opportunities. It would help if you first redecorate your lodging facility with appropriate and fundamental furnishings before launching a PG system.

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52. Garage Services

In a contemporary, urbanized city like Mumbai, there is no shortage of automobiles. Automobiles frequently sustain damage, necessitating the need for a garage.

Owning a garage space requires no investment on your part. If not, consider renting a room to use as a garage.

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53. Delivery Service

Nowadays, delivery services have become the most common small business. Food delivery, Online product delivery, grocery food delivery etc., come under the small business ideas. Food delivery services like zomato, Swiggy, UberEats etc. are famous.

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54. Property Manager

Many people keep homes in other cities or states where they don't live.

Being a property manager, you can help the landlord make sure their property is well-maintained, take care of minor repairs as they come up, and act as a point of contact for tenants.

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Business Related Statistics

In addition to cybercafés, the hotel and handicraft industries have all grown due to tourism. Wood carving, rug weaving, and metal engraving are well-known small-scale industries in the city. Businesses are also found in the textile and food processing industries.

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Under this programmes, an entrepreneur who operates a retail business may receive Rs. 18 lakhs. A business related to industry or services may receive assistance worth up to Rs. 3 crores. Joint ventures may receive Rs. 15,000,000 for their business if there are at least two other participants.

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Conclusion

In addition to the business mentioned above, one can launch numerous other low-cost ventures in Aurangabad. You can launch a viable business based on your preferences, finances, and location.
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To prevent business failures, you should research the market and your competitors before starting any venture. Your ability to persevere and stay strong during a company's difficult times will be aided by your interest in that particular business.

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