Are you keen on starting a small business in Hyderabad but are confused about where to begin? Stress no more because we have got you covered.Many people dream of running a business but often do not pursue it, considering the hassle.

However, you can minimise the initial risk by opting for a small business and gradually growing it with time and financial stability. And if you are keen on starting a small business in Hyderabad, you have come to the perfect place.

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If you were not aware of this, Hyderabad is a great place to start a business as the GDP of this city is 74 billion USD and ranks fifth in its contribution to the nation's GDP. It is a great city to run a profitable business, in our opinion.

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Hence, we have some great small business ideas to help you flourish well in Hyderabad. But before that, let us take a good look at why you should run a small business in Hyderabad.

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Why Should You Run A Small Business In Hyderabad?

Hyderabad is the capital city of Telangana and is known for its traditional manufacturing sector, tourism and education sector. Ever since 1591, Hyderabad has been known as the global trade centre and was earlier the only diamond market globally. And during the rule of Nizam in the 1930s, the city's industrial growth boosted and grew in synergy with traditional manufacturing.

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The economy of Hyderabad

If you were not aware of this, Hyderabad is the city with the maximum number of SEZs or Special Economic Zones. The capital of Telangana is the most significant contributor to the state tax and GDP (Gross Domestic Product).

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In 2011, the city generated a revenue of $9.2 billion, around one-third of the state's total revenue. And in 2021, Hyderabad's GDP was $74 billion, making it the 6th most significant contributor in India and 93rd in the world.

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Quality of Life

As per the JLL's City Momentum Index (CMI) 2019, the city was ranked as the 2nd most dynamic city in the World Economic Forum. And not just that, Hyderabad has won Smart Cities India (SCI) awards hosted by India Trade Promotion Organisation (ITPO) and the 6th Smart Cities India Expo in three different categories – green and clean city, intelligent waste disposal, and startup. The city has been thriving in retaining its position in the top five cities in India for the fifth time in a row as per Mercer's Quality of Living Survey 2019.

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Infrastructure

Hyderabad is known for its beautiful blend of traditional and modern architecture. The city is well-connected in terms of rail, road, air and water, making it easier for businesses to connect with the rest of the world.

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Moreover, the state of Telangana is the second-largest producer of solar energy. Telangana has a solar potential of around 20.41 GW and a wind potential of about 4.2 GW and has emphasised renewable energy sources.

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Government Support and Policies:

The Government of Telangana has been working rigorously to promote small businesses in the city. They plan on doing so by launching Open Network for Digital Commerce (ONDC) platform to help the small retailers be an active part of the eCommerce business.

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Their aim with this platform is to make sure that small businesses reach great heights and the masses. Doesn't that sound too impressive?

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A Fast Blooming IT Sector

Did you know Hyderabad is also called Cyberabad (Cyber City)? The city is a part of the global information technology centres, and the IT sectors here include IT-enabled services, entertainment industry, financial services, business process outsourcing and so on.

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Tech Mahindra, Wipro, Tata Consultancy Services, Polaroid, Cognizant, Infosys, and a few more domestic IT giants have set up their businesses in the city, along with some international companies like Google, Microsoft, Samsung, IBM, Dell, Oracle, Facebook and many others, the city has an IT export of around $19.66 billion and stood second in the country.

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We are sure that you are already too keen to start your small business in Hyderabad, given the impressive stats. Now, let us look at some of the most viable small business ideas in Hyderabad!

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30 Small Business Ideas in Hyderabad:

After extensive research, we have jotted down a couple of foolproof small business ideas in Hyderabad that you try your hands at. They are explained in detail below:

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1 . Catering Business

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We all love a good party, don't we? And we, Indians, are known for our love for food. What better than running a small-scale catering business? It is a great business idea for people on a tight budget. You could put your culinary skills at work and serve the people of Hyderabad with some mouth-watering food that they would savour for a lifetime.

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A catering business could be a very profitable idea and can be easily scaled once you are successful enough. The best way to get a good clientele for a small-scale catering business is word of mouth and working in synergy with some established caterers.

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2. Pearl Processing

Hyderabad is a city that is famous for its pearls and is the home to some of the most established pearl processing units. The city is also the birthplace of the finest and most skilled artisans and craftsmen who have been carrying forward the traditional techniques of processing pearls.

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Many different kinds of pearls are used along with gold, sapphires, rubies and many other such precious stones to make some of the most exquisite jewellery pieces. The city attracts high-end income buyers from all over the world.

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To tap a broader market, you could take your business online with Fynd. With Fynd, you can create a catalogue or a look book for our potential buyers and help you scale your business.

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3. Tourism Business

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Did you know that as per Lonely Planet in 2013, Hyderabad was ranked as the third best city in the world?

Hyderabad is the home to the film industry in Telangana and is called Tollywood. It is the third-largest industry in India when it comes to producing films. Places like Charminar, Ramoji Rao Film City, Falaknuma Palace, Hussain Sagar Lake, Mecca Masjid, Golconda Fort, Qutb Shahi Tombs, Spanish Mosque, Bella Vista, Asman Garh Palace, Salar Jung Museum and many other places are visited by millions of people every single year.

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You could start a travel company, help people find the perfect stays, plan itineraries, become a tourist guide, sort the transportation out, etc. Moreover, you can scale your business by going online with Fynd.

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This omnichannel platform's technological solutions will reach more customers, and with their easy-to-use design tools and themes, you can build websites and apps while seamlessly managing your business

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4. Running Ads Digitally

Since COVID-19, businesses have gone digital, and the competition has massively increased. As per Statista, the digital advertising industry in India is over 200 billion. Therefore, businesses are constantly looking for different ways to reach out to their potential customers. This has increased the demand for people who are good at running ads on the internet.

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Moreover, given that algorithms on Facebook and Instagram keep changing, it gets pretty difficult for companies to keep track of them and have successful campaigns. And small businesses, in general, do not prefer having a full-time staff just for running ads on the internet.

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They prefer outsourcing it or hiring some freelancer to do the work for them. Along with specializing in running ads on social media, you can also offer auxiliary services such as managing the Pay Per Click or PPC campaigns on Google and so on.

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5. Pet Day Care or Hostel

If you have a pet, you might very well understand the pain of cancelling most of your trips because you might not be able to travel freely with your pet, or you cannot leave your pet alone for a longer period.

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Hence, have you ever considered opening up pet care? Pet care is a business idea that we would highly recommend as it does not involve a lot of investment and is a profitable venture.

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And as per Petex, it was stated that India is the fastest-growing petcare market and by 2024, it might become a $490 million market.

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To tap into a vast market, you can get in touch with the vets, give ads in the local newspaper and run digital ad campaigns.

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Along with that, you can promote your pet daycare services with the help of Fynd. This platform helps you run campaigns using email and SMS, track the performance of your ads and help you grow your business.

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6. Start a Cloud Kitchen

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Setting up a cloud kitchen can be a great small business idea, especially for female entrepreneurs. Since setting up a cloud kitchen does not require a lot of investment, you can run it with your existing kitchen setup.

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And to develop a customer base, you can tie up with online food delivery platforms like Zomato or Swiggy. Not just that, you can also create a platform of your own on Fynd to remove the middleman and directly get in touch with your customers.

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As per the industry experts, it is being said that by 2024, the cloud kitchen industry in India might be a $3 billion industry given the fact that it is still an under-explored business in India.

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Also Read How to Start a Bakery Business from Home.

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7. Car Rental Services

In today's time, many people prefer renting a car instead of buying one. That is because the youngsters do not have enough money to buy a car of their own and also renting a car is less expensive as it reduces the hassle of maintaining it.

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Car Rental Market Scope in India:

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Doesn’t the projected growth seem convincing enough to start with small scale car rental services? Also, it gives the liberty to people to switch between a small or a big car as per their requirement.

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And to start a car rental company of your own, you will need to have three or more cars of your own of different sizes and have proper paperwork and insurance. A car rental is a great small business idea considering the returns you reap given your investment and minimal efforts.

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8. Packers and Movers Services

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Plenty of people moved to Hyderabad every single day to seek new work opportunities and a better life. Hyderabad is a Metro city, people from smaller towns, nearby villages, and cities move not just for work but also in the quest for high-quality education and a better market for business.

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And when people move from one place to another, be it in the city or from some other place, they for sure might need a helping hand to help them pack and move. Therefore, the packers and movers business can be an excellent idea.

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You can list your business online and create a website or an application with Fynd and provide your clients with consistent support. Not just that, you can also run ad campaigns to acquire a bigger market and track the real-time performance with Fynd.

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9. Matchmaking Services

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You might be shocked or confused about why we added matchmaking to the list, right? Matchmaking might not be an easy task, but it is gratifying. It does need an ample amount of time, patience, and some excellent skills. And if you think that you can play a great cupid, then this is the perfect job business for you!

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You can create an online platform using Fynd to connect with your clients and let them describe themselves and what they are looking for in their future partner and help them accordingly.

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And we are sure you all must know about the uber-famous "Seema Aunty." She runs a super successful matchmaking bureau under the name Suitable Rishta. It is reported that she has a net worth of $5 billion.

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10. Commercial Photography Services

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The photography industry in India is valued at over 100,000 Crores and has a growth rate of 25 to 30 per cent every year. Photography is one of the best business ideas in Hyderabad. Commercial photography as a business does need a good profile picture and product photographs too.

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And if you are someone who is a skilled photographer, you could earn good enough money by taking up some commercial photo shoots. You will need to invest in some good equipment to make sure that your picture quality is excellent.

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And if you do not have the budget to invest in good equipment, you could also rent them out. Also, you must have some excellent photo editing skills to touch up your pictures.

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In case you are wondering how you would get clients, we have the perfect solution for you. You could make an online portfolio on Fynd and also have active social media accounts where you were constantly putting up your work.

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11. Home Staging

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Home staging is a business venture that is not much explored in a country like India. However, it can be a significant business venture that requires no investment. In case you do not know what home is thinking, let us help you in learning so.

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Home staging is a service that is provided to set up apartments for sale, and it involves cleaning them, properly arranging the furniture, renting devices, and taking good enough pictures to make the property look appealing.

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Property brokers and builders or constantly looking for skilled personnel to do the job for them. This could be a great small-scale business to help you earn good enough money.

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12. Social Media Consultant

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Post pandemic, businesses have started giving their utmost attention to keeping up with the trends on social media and keeping their content up-to-date to connect to the young generations and the masses.

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This has increased the demand for a social media consultant. Hence, you could venture into starting your own social media agency to give businesses advice on how they can improve their social media platforms rather than simply managing their account.

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Or, you could even offer consultancy services as an auxiliary service while managing a social media account. mYou can very easily set up a social media consultancy agency by putting together a team of skilled personnel at a very minimal cost.

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13. Freelance Content Writer

A content writer is someone who is a crucial resource for any internet-based business. As a freelance content writer, you are supposed to work on content that helps in attracting new customers and indirectly helps in the conversion process.

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As a content writer, you are supposed to create different kinds of content for the business, like blogs, that serves as a part of content marketing for SEO purposes. While copywriting includes writing sales posts, landing pages, emails, and so on to scale the business. Despite you not running a good marketing campaign, you anyway play a massive role in the entire sales process.

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To boost your career as a freelance content writer, you can make an account on different platforms such as UpWork, Fiverr, Freelancer, and so on. And you can also mail in some of your samples to different digital marketing agencies and get some projects from them.

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If you are someone with a good command of the language and excellent writing skills, you surely could try your hand at becoming a freelance writer as it requires no investment other than a stable internet connection and a system. It is a great small business idea, in our opinion.

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14. Becoming a Translator

Indians are usually bilingual or multilingual. And in case you are fluent in two or more languages, you can have a shot at becoming an independent translator. Plenty of companies are constantly seeking translators when they are hoping to connect with people who speak a different language or if they are planning to run a business in some other state or country where language could be a barrier.

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Therefore, if you are skilled and speak multiple languages fluently, becoming a translator could be a great thing for you. You can create an online presence to market your services and cover a vast market with the help of Fynd.

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15. Venture in to the World of Dropshipping

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Dropshipping is a low-investment and risk-free small business venture that could get you some great returns.

As per data published online, it is projected that the dropshipping market will have a CAGR of 32 per cent from 2021 to 2026.

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Honestly, we love the concept of dropshipping as a business venture as you are selling a product that does not belong to you; you are simply marketing it and, anyway, making a profit. When it comes to a dropshipping business, you don't even have to have your inventory, which makes it an even more convenient business venture.

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To have a sure shot at success for your dropshipping venture, you can start an eCommerce store and list your products on Amazon, Flipkart and other such online shopping products with the help of Fynd, an omnichannel platform. Not just that, Fynd also helps in managing your orders, payments, and so with ease.

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16. Start an eCommerce Store

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Another very profitable small business venture in Hyderabad could be setting up an eCommerce store. We prefer setting up an eCommerce store instead of a physical one because it reduces your cost of rent for the space, overhead expenses, and so on.

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When it comes to a traditional business, you can only do your business at the place your store is set up. But, that is not the case with running an eCommerce store. And with omnichannel platforms like Fynd being there to help you build websites and apps, list products on different platforms, manage your stock and payments, update catalogues, monitor your business's performance and so on.

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Also Read 70+ Small Scale Business Ideas for 2024.

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17. Selling Handicrafts

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Hyderabad is also known as the City of Pearls. It has some of the finest pearl jewellery, silver-inlaid bidriware, wooden figures of Hindu gods and goddesses, Kalamkari paintings, lacquerware and much more that have been demanded all over the world.

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You could run an online handicraft business and sell them to people all over the world. In case you didn't know, Indian handicrafts have a massive market in foreign countries.

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Therefore, you can create your eCommerce store on Fynd, get your shipping, a secure payment gateway, update catalogues, manage inventory, run ads, and much more can be sorted out with Fynd.

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18. Try your hand at Blogging

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A lot of people might not see the potential of running a successful blog. A good blog is a serious business, and if you put in some time and effort regularly, you can earn some big bucks.

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It might take some years to accomplish this, but a lot of bloggers earn a thousand dollars per month. It will take you some good enough time to increase your domain authority and attract more viewers.

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And when you have a good enough viewership, you can monetize your blogs. You can either sell digital or physical goods and services or try affiliate marketing to monetize your blogs, Blogging can be a great small business idea as it requires little investment and can give you excellent returns in the long run.

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19. An Authentic Hyderabadi Restaurant

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Hyderabad is known for its Biryani, Haleem, Phirni, Boti Kebab, Qubani ka Meetha, Pesarattu Dosa, Lukhmi, etc. And as the city attracts so many tourists every year and we Indians have a knack for food, opening an authentic Hyderabadi restaurant can be a great small business. Even though there are plenty of restaurants in Hyderabad, there is massive scope for your restaurant to be a profitable venture.

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20. Organic Farming

People all over the world have become extremely conscious of what they are consuming and what benefits they are reaping from the food that they eat. Everyone lately has been inclined to consume healthy food, and the demand for organic food products has risen massively. You can tie up with supermarkets, restaurants and hotels to gain a vast clientele. And along with that, you can also sell your organic produce online using Fynd.

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Miss Sindura Borra, a Hyderabad-based entrepreneur, started detox juices in India in the year 2013 by the name Cleansing with a mere sum of 7 Lakhs and now has transformed it into a booming business with a turnover of around 84 Lakhs.

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21. Manufacturing Cleaning Substances/ Cosmetic Chemicals

Cleaning chemicals like detergents are FMCG or Fast Moving Consumer Goods with a significant market in Hyderabad. The demand for good quality cleaning products has increased even more ever since COVID-19 as people became more conscious of their surroundings.

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And setting up a cosmetic chemical manufacturing plant does not cost a lot of money and can get you great returns. You can tie up with third-party cleaning agencies for your products and get a good clientele.

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22. Starting a Recruitment Agency

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More than thousands of people come to Hyderabad every year to hunt for a job, and given the fact that Hyderabad has plenty of companies in different sectors who are constantly looking for skilled and unskilled personnel, they often get in touch with a third-party agency for that.

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If you are someone who has good networking skills, venturing into a recruitment agency could be a brilliant business idea to get excellent returns. And if you have an experience in Human Resources, you can search for a sure ace this. You can also create an online platform using Fynd where businesses put in their requirements, and you help them with finding someone who matches them.

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23. A Home Salon and Spa

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In a report from 2019, it was stated that the beauty and salon industry in India will grow at a pace of 15 to 20 per cent.

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Therefore, starting a home salon or spa can be an excellent small business idea for women entrepreneurs as it requires a meagre investment, and you can work from the comfort of your home.

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Your clients can be your neighbors and eventually if you provide them with satisfactory services, word-of-mouth will be your best advertising method.

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24. Selling Customized Gifting Solutions

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India is the land of festivals, and here, people here send and receive gifts on multiple occasions. Hence, what better than adding a personal touch and some more love to it? Get in touch with your creative side and offer Hyderabadis some unique gifts, cards, flowers, and so on that can be made as per their requirements. You could also do a print-on-demand thing to create personalized products too.

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25. Become a Wedding Planner

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The Indian Wedding industry is a billion-dollar industry. Indians and their love for lavish weddings are known worldwide. And the demand for an exquisite wedding planner has increased massively over the last few years, and as per our research and predictions, it is safe to say that the demand will just keep on increasing with time.

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Moreover, Hyderabad serves as an excellent place for destination weddings, all thanks to the stunning Mughal and Nizami architecture. Therefore, you can give a shot to the wedding planning business.

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26. Tailoring Business

A tailoring business in Hyderabad can be a pretty profitable small scale business. If you have mastered the art of tailoring, you can set up a business just with one machine and when it comes to expanding the business, you can hire some more skilled tailors and serve the masses with exquisite outfits on any occasion. Not just that, there are so many brands that work on a made-to-order basis and outsource their work, you can tie up with them too.

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27. Grocery Delivery Services

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In urban areas, people can never really have enough time. They are constantly juggling between one thing or the other. And this is where a grocery delivery service shines brightly. You can start a business venture that delivers groceries to people at their doorsteps, helping them save time and effort while you earn some good enough money.

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You can create a website using Fynd for it and let people pick all that they need, have a secure checkout system and provide your customers with maximum comfort.

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28. Airbnb Host

This business idea might seem a bit off-beat but trust us, this will get you some great returns. If you are someone who owns a house in Hyderabad, you can put up your property on Airbnb.

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Given the rise in tourism in Hyderabad, listing your property on Airbnb is a smart idea to make money easily. The best part about investing in your property there is that they organize everything. All you need to do is communicate with the guests and make sure everything is in order when they reach the property.

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29. SEO Consultancy

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SEO experts are in huge demand all over the world right now. And as every business now has an online presence, the competition has become cutthroat. It is imperative to have a good ranking on Google as customers usually prefer going for the first five options only.

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Therefore, businesses often hire a third-party organisation to help them improve their ranking on Google. And if you are familiar with SEO or Search Engine Optimisation, you must try your hands at becoming an SEO consultant. Your basic tasks will include creating content, making marketing strategies, looking for relevant keywords, modifying meta tags and so on.

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30. Becoming a Life Coach

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A very off-beat career option that has been gaining some great attention and giving good returns is life coaching. There is no path to becoming one but we do recommend some kind of certification or training so that you excel at your job.

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A good life coach has extraordinary interpersonal skills and can motivate people to attain success in life. And in case you do not have any certifications or something, make sure that your life reflects something worthy of why people should be paying you heaps of money.

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31. Pharmaceutical Business

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If you did not know this, Hyderabad plans on becoming a Pharma Hub that will eventually help in scaling up the manufacturing of pharmaceutical products while increasing domestic consumption and exports.

The city accounts for producing 40 per cent of the total drug production in India and 50 percent of drug exports, which gave it the title “Bulk Drug Capital of India.” Therefore, setting up a pharmaceutical business can be a smart and savvy small business idea.

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Moreover, you do not even need to invest a lot in this business venture and in case you do not have a professional degree, you can hire someone who does and you can take care of the Rest of the things it takes to run a successful business.

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And with that, we have now come to an end to our rundown of the best small business ideas in Hyderabad. We recommend using Fynd to grow your small scale business. Fynd is India's biggest omnichannel platform and helps you list your products on different platforms, virtually connect with your clients, manage customer data, run ads, and much more.Moreover, you can also make the most out of their integrations and collaborations to simplify the entire business process and increase your customer base.