India is an exciting country with lots of market, but what are the high margain products to sell in India? Insider Monkey has recently published an interesting article about this topic. Nowadays we live in a consuming society, so we buy more and more things, even if we don’t really need them.
We can buy the products personally, but instead we usually choose to do the shopping on the internet. As for me, I much prefer shopping on the internet. Not everything, because I usually buy the groceries and other food in the shop. When we speak about best selling articles, we need to check the certain country. For example what Pakistani people love and buy – the other part of world does not necessarily sell well.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three items from their list.
At first let’s see 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.
The second idea should be Agarbatti. Agarbatti or incense sticks 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. At last, but not least we are mentioning Customized jewelry. Another opportunity arises with customized jewelry. 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.
For any further useful information read Insider Monkey’s article about 10 high margain products to sell in India.