Our list of 10 high margin products to sell in India will help you opt for the best option when it comes to sales business. Also, it will give you a better insight into India and its people since in this consumer society what we buy speaks volumes about ourselves, too.
When talking economics, let us now explain the term “high margin product.” That is a product which is relatively cheap to manufacture compared to how much profit you can obtain from it. The investment and costs should be minimal in order to classify a product as a high margin one. Selling them is a lucrative investment, whether you are a manufacturer or just a seller. This article occasionally deals with the topic of manufacture, too. Some of the businesses are so easy to set up that creating a small manufacture can pay off big time. If your interests lie in online sales, take a look at our 11 high margin products to sell online and find your favorite.
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Generally speaking, this is a good era for the sales business. Consumerism is in the every pore of the world’s society. We are constantly being forced and enticed to shop, look for discounts, spend money on what the advertisement and marketing machinery is working hard to sell us as a must-have. It is all based on a condition (or should we say mantra of the modern world): if I buy this, I will feel happy. Undeniably, the majority of people believe so. And what better country to earn revenue from sales than India. The more customers you have, the bigger your revenue.
India is one of the most populous countries in the world, and with its population increasing steadily every day the number of consumers influencing the market is also always on the rise. For this reason, while we were choosing which products to enlist, one of our criteria was answering the question what most people in India consider an absolute necessity, though we didn’t neglect to look at export opportunities, too.
We checked the following websites specializing in Indian economy: Business Aligators, My Top Business Ideas, IndiaEInfo, Muvsi and Expert Market. What we also kept in mind was whether such products are low cost to manufacture or to obtain, how easy it is to set up such a business, the current market situation and market forecast. Last but not least, we made an effort to construct a list with distinctive products.
So let’s observe what we have prepared for you in our high margin products to sell in India. They are listed in no particular order; after all, we all have our own preferences when it comes to choosing a field to do business in.
10. Mineral water
The mineral water market is increasing every year. The revenue from bottled water industry is getting higher and higher at a pace of 30-40% per year, so why wouldn’t you have some of that? The growing population goes hand in hand with this forecast. If you have sufficient funding, you might even try opening the plant. If not, selling different brands of mineral water should definitely pay off after a short while.
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9. Agarbatti
We are continuing our list of high margin products to sell in India with Agarbatti or incense sticks, that are another product that is so ubiquitous and popular in India that you should have no problem finding customers for them. The customers may be foreigners or locals. After all, India is famous for using agarbatti as an obligatory art in ceremonies, but on a daily basis, too. All Indian households are using them, and there is a possibility of exporting overseas to Indian living abroad or simply to any shops selling these, and there are plenty. Compared to other types of manufacture, this one requires simple machinery and moderate starting capital.
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8. Customized jewelry
Another opportunity arises with customized jewelry that ranked 8th on our list of high margin products to sell in India. You do not need very expensive materials for the very beginning. With this business, it’s more how you assemble and decorate different jewelry items. Therefore, if you are an imaginative person, producing necklaces, bracelets, earrings and other pieces will get you far. On the other hand, if you are only interested in selling them, ensure your shop has genuine items. Being original is what everyone appreciates and wants to purchase.
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7. Biscuits
Apparently, if you wish to start this business, you would need around 10,000 rupees, which is a modest sum when it comes to entrepreneurship. Other good news is that the biscuit market is very promising and growing constantly. Even though there are plenty of biscuits in the local supermarkets, most people value freshly made biscuits from the bakeries and are inclined to order them as a part of catering. A very lucrative investment.
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6. Aluminum doors and windows
As we have mentioned, we are going to show you different options to choose from in this list of high margin products to sell in India. What is appealing when starting this business is the fact that India is the fifth largest producer of aluminum in the world. For that reason, should you also with to manufacture it, you will always have the raw material for this product – no need to order from abroad. Major buyers of aluminum doors and windows are in building and construction sector. The demands can only get bigger, so the sales will skyrocket.
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5. Slippers
India makes up 13% of the world footwear production. The cheapest type of slippers, the next on our list of high margin products to sell in India, would be the rubber ones, but do not worry. This kind of product is always wanted, and it is being worn by everyone, regardless of their social status. Another plus is that no quality specifications are available for this type of footwear unless you’re thinking about export. Either way, when it comes to selling footwear, slippers will never go out of style, which makes selling them a reliable business.
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4. Designer lace
What is a really good recommendation when it comes to designer lace selling is the fact the clothing and fashion market is ever expanding, and there is even a realistic export potential. Should you wish to produce them, bear in mind this kind of product can be manufactured in two ways: with machines, or by hand. Therefore, this is a business which has low demands when it comes to startup capital. Once again, your creativity can help you make the most of this craft.
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3. Jam and jelly
The fact that India is the 2nd largest producer of fruits and vegetables in the world certainly goes hand in hand with this business. In addition, the food processing sector is forecast to duplicate in the next decade, thus helping production and sales areas. All in all, lots of things in favor of jam and jelly business.
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2. Ice cream cones
Here’s a bit more on food for our list of high margin products to sell in India. Luckily, the demand for this delicious treat is increasing every year, and the majority prefer their ice cream in a cone. It is neat and clean, and there is no rubbish to throw away or a bowl to wash. What is more, there are no periods of small demand during the year. This investment should be a safe bet when it comes to high margin.
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1. Envelopes
We are finishing our list of 10 high margin products to sell in India with something so simple it is doubtful whether the product would have crossed your mind. Even though we are living in an era of the internet and emails, this is a product that will always be in demand. This stationary item is still a necessity in schools and companies. Modern times have also brought synthetic envelopes into play. Whichever you choose, you will prosper. There are some things with which you just can’t go wrong, and selling envelopes is one of them.
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