BouncyPickle
BouncyPickle

Some sustainable income streams in tier 2/3 cities in India?

What if I have close to 10 lakhs + in cash. Can I start something in these cities which can at least generate a monthly income of 40/50k for a sustainable long term. If not what’s the capital needed? Please note I don’t have any business prior expertise Uncertainty in tech sector has left me stressed. I need a minimum of 45-50k to sustain.

I need some ideas. Lets discuss.

13mo ago
BouncyQuokka
BouncyQuokka
EXL13mo

Look out for new projects like educational institutions, residential buildings, offices etc and open a consumer needs business like food, grocery, tapri etc Start small and then scale based on the response.

SleepyPickle
SleepyPickle

That's more than 50% earning on capital per year (6lpa/10lakh). I don't think any passive businesses can generate that kind of profits.

MagicalBoba
MagicalBoba

Probably opening a small food stall. I am also looking for such thing.

ZestyPanda
ZestyPanda

You can get some good land or your parents might have already. Try to make some commercial use of it and generate rental income.

Also, I see rising consumerism. GenZ, particularly students are spending on higher experiences. I saw too many food vloggers and restaurants popping up in a small city in UP, but not sure how long they'll last. It's counter intuitive to me but back of my mind i believe that it works and I'm just unaware of the real numbers.

FluffyCupcake
FluffyCupcake
Amazon13mo

Momos, chat stall?

You can use all your tech-chops to throw a whacky, attention grabbing names. Instagram for social messaging. 10L can enable you to operationalise at multiple locations, 40k should be easy!

ZestyKoala
ZestyKoala

Following, same situation can spent 10-20L to start

Discover more
Curated from across
Personal Finance
by JumpyCoconutSoftware Engineer

Need Investment advice in India for 20k per month

Looking for suggestions or recommendations for investing an amount of 20k per month. Note: This is not my total income. This is what I have to spare and live a comfortable life. Confused about going with mutual funds or SIPs or NPS or P...