There are many MSME business ideas that you can start from. But, starting your own business can be an exciting, fulfilling endeavour!
You’ll get the opportunity to build something from the ground up and create a wonderful lifestyle for yourself. However, it can also be a lot of work. Starting an enterprise requires a lot of hard work and risk-taking.
It may not always be easy to find time to manage your new company while still juggling your day job. But if you do some research and make some key decisions about your MSME business ideas, you’ll reap the rewards in no time.
50 Most Profitable MSME business ideas
Business is a complicated endeavour. But one successful business with a wise decision-making process is a wonderful thing to behold.
Whatever your goals, if you want to start a successful business, there are some things you should know. Here’s a list of the most profitable MSME business Ideas by industry and how they can be made profitable.
1. Garment Manufacturing
Garment manufacturing is a fantastic way to make your own money without having to put in any long hours or taking any significant risks.
The biggest advantage of this type of business is that it’s completely predictable and repeatable. Every product you make has a pre-set production timeline. That means you can make plenty of money for years to come, with minimal ups and downs.
Selling large volumes of clothing is one of the easiest business ideas to come up with. And if you can control the price point, you’ll be able to easily sell garments for hundreds or even thousands of dollars.
That’s why this business idea is so profitable. You’ll need to research the market carefully and identify customers who are willing to pay for your products.
2. Bakery Business
If you’re looking for MSME business ideas that involve you baking for people, you can start a small bakery. A good bakery will do a large volume of baking throughout the day.
You’ll bake from your home, and you’ll advertise your business through newspaper ads, social media, and your home.
Depending on the size of your oven, you can bake anywhere from 20 to 400 cookies in an hour. To increase your profit, consider expanding to cookies for people who are having a party or a celebration.
If you do a good job, you can usually charge 10 to 20 cents per cookie. Since most people are willing to pay less than a dollar for a cookie, you can easily make a profit of $20 to $50 per day.
3. Gold and Diamond Jewellery Business
Many people choose to start their own jewellery business since they enjoy the creativity and design involved in creating unique pieces.
However, there are some considerations to take into account. Business is a competitive market, so you should be sure to choose a business location that is well-located.
You should also ensure that your jewellery will look as good as it feels. The best thing about starting a business as a jewellery designer is that you’ll be able to bring new designs to the market and test out different new styles.
It’s important that you choose a business location that’s central since there’ll be plenty of people to visit your business regularly, which is great for sales. It’s also a good idea to set prices reasonably.
4. Candle Making Business
Candle making is a great way to make money from home. A good wax candle needs a lot of time and care. You’ll also need to order enough wax to keep up with demand. So it can be a very time consuming and stressful job.
However, there’s an incredible opportunity to make money on the side. Companies hire wax candle producers to come out and clean their candle scents. So you can also make a little extra cash by performing janitorial duties at candle companies.
Many candle making companies don’t take cash. So there’s a bit of mystery surrounding what they need you to do. But there are some general requirements you’ll need to know to get a job. First, you need to be at least 18. You also need to be able to work a full day, Monday through Friday.
5. Skill Development Centre
Tutorials, mentors and specific courses on the most up-to-date MSME business ideas and trends in the industry can be helpful.
If you take a brief look at business models in the industry, you’ll notice that they all involve skilled workers, who need to be trained in these businesses.
Once you work through the courses and relevant modules, you’ll be able to acquire the necessary skills you need to succeed as a business owner.
6. Match Box Production
Boxes are an expensive commodity these days. However, you can make them at a fraction of the cost by creating your own custom box on a budget.
By cutting out unnecessary elements from the interior of the box, you can reduce the cost of your production and make it more sustainable and affordable.
These changes to your production can also allow you to fill an entire niche in the market! You’ll make a variety of products from the box art, furniture and small book production.
All the while, you’ll be able to set your own prices and can decide when and how much of your work to give away as gifts.
It may sound simple to save money on your MSME business by reducing the cost of your products, but there is a lot to be said for offering something special.
7. Cement Roofing Tiles
The majority of roofs in your neighbourhood are made of tin or PVC, which is why it’s such a cost-effective venture to make your own roofing tiles.
This can be especially useful if you want to start your own home business while maintaining your day job. One of the main components of making roofing tiles is clay.
When you make your own clay, you can be sure that you’re using a top-quality substance. It’s cheap to make, easy to store, and durable enough to be used on a roofing project that spans weeks or months.
A small amount of clay makes an amazing amount of roofing tiles. You’ll be able to make a quantity of clay roofing tiles for far less money than the companies you see in the neighbourhood. Also, you can purchase your clay from any number of outlets.
8. Graphite Crucible
According to experts, graphite crucible is one of the best MSME business ideas. You can make money by customizing custom graphite crucible products.
What is a graphite crucible? It is a small piece of carbon steel that is heated and shaped. The result is a protective metal that can be used for many different applications. Graphite crucibles can be shaped to contain pigments, paints, ceramic, steel, glass, steel, stainless steel, and more.
The company’s website says that the graphite crucibles they sell are made in the U.S. Graphite crucibles is found in a variety of industries. Graphite is one of the most versatile, and versatile metals.
9. Hand Sanitizer Making Business
Most folks in modern society are using hand sanitisers. But what if you could use a product to make money instead? All you need is a reliable product that can help keep your hands clean.
Then, you’ll need to find people who need it. If you can sell the soap and accessories, you’ll be able to make some money each month. This is an opportunity to use a product to help people and profit at the same time.
10. Coconut Milk Powder Production
One of the most popular MSME business ideas, this business idea can have you making a lot of money, fast. Coconut milk powder production is a great business idea because you can manufacture it at your own home with a basic kitchen tool kit.
You can produce coconut milk powder by heating, evaporating, and crushing dried coconut. By doing this, you can have it for sale and have it in abundance by the time you’ve finished producing it.
Growing your own coconut will also help you earn some extra money from the coconut orchards. It’s an excellent idea for any aspiring entrepreneur who’s keen to earn some extra money quickly.
11. Oxygen and Nitrogen Gas Plants
If you’re looking for profitable MSME business ideas, look no further than the fertilizer business. Nitrogen gas is most commonly used in the production of ammonium nitrate, which is one of the most common fertilizers used by farmers and gardeners.
The use of nitrogen fertilizer is encouraged by government regulations to help ensure adequate food production and crop yields. You’ll have to purchase all of the equipment and materials for this business, but it is certainly worth the investment.
12. Baby & Adult Diaper Making
You can start making baby and adult diapers and other related hygiene products. This is a booming business. Not only can you start making a great living from this, but you can build a wonderful lifestyle for yourself.
You’ll get to make diapers and personal care products for a lot of young families. The babies, in particular, need more clean diapers and personal care products than adults do.
13. Make Herbal Skin Care Products
The number of herbs and plants has increased substantially in recent years. This has led to an increase in the demand for natural products globally.
But there’s a problem: it’s hard to get good quality natural ingredients for herbal skin care products. That’s where you come in. You can start a business by making herbal skin care products.
14. Sanitary Pads Making
Sanitary pads make it a very lucrative business. It has been around for centuries. But there hasn’t been much money in this business.
As of today, sales of sanitary pads have been greatly boosted due to the introduction of tampons. This has increased the demand for pads. This is great news for those who make them!
You can start making sanitary pads if you have the right product design. All you need to do is find out where the demand for your product is the greatest and cater to that demand. The money you make on pads making is very dependant on the market.
15. Surgical Face Masks production
The MSME surgical face masks business ideas are thriving! These masks are not just sold on the corner. MSMEs can sell their products to anyone who is interested in purchasing them.
Many prefer to purchase surgical face masks for their everyday health and wellness needs. These masks offer protection from the heat and sun. However, they can also serve to eliminate facial toxins.
16. Exercise Apparel Production
The exercise apparel business is also a hugely profitable venture. Fitness apparel is popular for many reasons. Exercising is an excellent way to stay in shape, so people need the proper equipment.
And, if they want to train at home, they often need appropriate clothing. That’s where MSMEs can provide the gear that customers want.
17. Jute Bags Production
Many people go online to order jute bags to use as souvenirs or gifts for their loved ones. But because jute is such a natural product, there is a limited supply of it. Jute is naturally non-toxic and hypoallergenic. The skins that can be extracted from jute bags are extremely soft and flexible.
This means that as long as you follow the proper processes for jute bags production, you’ll be able to easily ship these colourful and attractive products to your customers across the globe.
You can also visit this site to learn more about what is involved in making jute bags, and what options you have as far as products. You can either order custom-printed bags, or you can just buy all the jute bags you need to start your business.
18. Groundnut Oil Production and Refining
The groundnut is the most economical oil source. It grows in a vast and fertile terrain that produces an abundance of edible seeds.
However, this resource is held back because the majority of people do not know how to prepare the groundnut seeds.
But, this would not be a problem if you were in the business of developing a groundnut oil refinery. You can apply your ingenuity and ingenuity to the task and create an empire out of your business.
Groundnut oil can be refined into a variety of oil products to sell to the public. You can also sell to local manufacturing firms for a premium.
19. Bio-diesel Production
By combining renewable and efficient components, you can create your own bio-diesel. Bio-diesel is a renewable source of energy that can be used for powering motor vehicles.
So, why are these two components necessary? If you want to power your car for more than a few miles, you’ll probably need to refuel. And that means you’ll have to stop the car. Most people run out of fuel about every five to ten miles.
However, the bio-diesel you make will make it possible for your car to drive over a long distance without stopping. There are a variety of different bio-diesel plants and engines that you can use, depending on your budget and the specific needs of your business.
20. Drinking Straw Making
This idea may not be so “travel friendly,” but it can be a source of profit for anyone with good materials, time, and creativity. What you need: Straw, glue gun, safety goggles, clothes, and a hammer.
How it works: You can make drinking straws by sticking a straw through a hole that’s already cut in the plastic top of a beverage bottle. You’ll also need to cut the hole into the straw and attach a couple of safety pins.
Then attach the straw to the bottle by using glue. Since your straw is already partially inserted into the drink bottle, it only needs to be fastened with glue.
You’ll need to secure the straw to the top of the bottle using clothespins. How long does this take? About 20 minutes, but it depends on the type of straw you choose.
21. Disposable Nitrile Gloves Production
If you’re looking for profitable MSME business ideas, then look no further than disposable gloves. While the workplace is becoming increasingly concerned with the threat of illness and death caused by germs, hand hygiene can also be a source of disaster for the company.
Disposable gloves are necessary for every field, including in an office or a public building, where the gloves will need to be thrown out after use.
So by creating your own disposable glove business, you can profit from this otherwise wasteful expense. In most cases, you can expect to see monthly gross margins of at least 20%.
The important thing to remember is that profits don’t necessarily mean success in business. The initial investment will be considerable.
22. Aluminium Foil Manufacturing
Aluminium foil, also known as a foil, tinfoil, ‘ster-in-a-box’ or ‘tin foil’, is the type of foil you find at the supermarket. It is used in almost every household as a food container, dishrag, frying pan, water storage container, as a tool, and also as a cover for a computer or phone.
While most household foil isn’t made of aluminium, it is similar in many ways. If you can raise money for the initial startup costs, it’s possible to start a small aluminium foil manufacturing business that will create a decent income.
23. Energy Drink Production
Being a professional MSME leader is not only about setting up a profitable business. You should also invest in physical activities to keep your mind and body fit.
Many MSME leaders choose to invest in a personal fitness trainer or take part in a healthy diet program. Doing so will help them manage their MSME business and get an energetic boost at work. There’s nothing like a healthy lifestyle to make you a success.
24. Flour Production
When it comes to baking, much of the final product is water and flour. The flour comes from the grain, and most of it is sent to the mill to be milled into flour.
When the flour comes off the mill, it’s typically milled into flour that’s used for baking, bread or other commercial products. Many of these products, however, have added ingredients. And in some cases, it might be impossible to get gluten from some of these ingredients.
This means that you’ll have to add your own additives to get your flour to produce the same results as the flour that you use in your regular cooking.
This is where the flour production business idea comes into play. It’s an easy way to provide these added ingredients to customers who would like them.
25. Peanut Butter Making
So, you already have the opportunity to make peanut butter? Chances are good that you already have a recipe and all of the materials needed to start making this deliciously sweet treat.
But, how do you go about producing a product? It is relatively easy to get started with a peanut butter making kit. All you need is a couple of peanut butter jars, a mason jar lid, and peanut butter stirring spoon.
The kits can be purchased online or offline. You can also make it yourself if you’re interested in spending some quality time with your kitchen. But, your first batch of peanut butter will taste delicious!
26. Refrigerant Gas R22 Bottling Plant
There is a huge demand for refrigerant gas. In the world alone, there are a lot of companies manufacturing R22 refrigerants. At the current time, you’ll find very few companies in North America making the R22.
Once you have developed a product that’s good enough for them, you’ll be able to charge a premium price and enjoy a very healthy profit margin.
If you decide to manufacture a cooler with R22 refrigerant, you’ll have to make sure that you get your product into large enough quantities.
Also, you’ll want to include a very good warranty on the product and make sure that it will sell with ease. You’ll also need to make sure that your product doesn’t deteriorate quickly and catch on fire.
27. E-Waste Recycling Plant
You can start an e-waste recycling plant and make a ton of money. People toss out e-waste on a regular basis, and you can help them recover their investment by processing it and selling it to recyclers.
You can use the cash you get from recycling to expand your business and hire more staff. The more money you make, the more you can spend on your company’s payroll. That’s a great way to get ahead of the competition.
28. Kraft Paper
Kraft paper is known for being exceptionally durable and versatile. It is the finest quality paper available today. And, for an ms peal surface, you could probably find a lot of money-making opportunities.
Since your product has the unique ability to endure extreme temperatures, your paper can be used to wrap packages and provide protection from the weather. Your segment could be very lucrative if you are selling high-quality consumer goods and packaged foods.
But if you sell food supplies, you could also be selling a lot of food. Your segment may also be very useful for the individuals who work in hazardous places where there are no other materials to protect their hands from extreme temperatures. This means that your segment is a great candidate for postal service.
29. Holiday Resort
Are you looking for different kinds of MSME business ideas? Then you should consider becoming a travel agent.
Many travel agents are short-staffed and are having a hard time keeping up with the number of customers seeking help during the holiday season.
But there’s one solution you may not have considered: launching your own vacation and travel agency. Even if you have no previous experience in this type of business, you can start a business and make a decent amount of money.
But make sure that you plan your business venture carefully and make sure you’re realistic about your goals.
30. Rice Milling Unit
Rice milling is an occupation that has always appealed to many. In fact, it is one of the most lucrative businesses out there.
Not only is there plenty of potentials to make a steady amount of money, but the industry provides a good quality of life for many workers.
Because you’re expected to live on the farm where you work, you can save a lot of money. Plus, you can choose the best products from local distributors, so you don’t have to worry about paying high shipping costs for items that are too expensive for you to afford.
31. Sanitary Napkins
If you want to get started on your new business today, why not start a toilet paper business. There’s plenty of opportunities to be creative with this product.
You can incorporate natural hemp fibres into the product itself, which is a super easy process. You can even make your own packaging for the product to reduce the cost and clutter of the product itself.
32. Medical Instruments
It doesn’t matter what type of medical device or medical service you’re starting with. You can find ways to minimize the cost of your product, which is a major benefit.
If you want to avoid financial issues and start a business, you’ll need to make a lot of smart decisions. You should think about starting with a medical product or service that uses plastic or other relatively inexpensive materials.
33. Aluminium Anodizing Unit
Aluminium is the hardest metal known to man. It’s the strong, light metal used in the construction of all modern aeroplanes and skyscrapers.
When you combine this with the ability to withstand abrasion, it becomes even more appealing to entrepreneurs.
34. Plastic Product Manufacturing
Plastic products and food packaging are among the most profitable products on the market. They’re also usually produced on a large scale.
Making plastic products is no small feat. It requires a lot of know-how and skill. But making this type of product is both profitable and easy.
For example, you can create polymer clay moulds and sell them to manufacturers. Once you have them, you can sell them to ceramic moulds makers for the most part. So, you can provide affordable polymer clay moulds that can be used for moulding ceramic moulds.
This is a low-cost way to manufacture your own plastic products. Plus, it’s a great way to use your talents and create a profitable venture from the ground up.
35. Fruit Juice Production
If you have the room, and a strong desire to start a fruit juice business, you might consider growing and bottling your own juice.
Juicing is a great way to make delicious, cold drinks that don’t rely on ice to cool the juice. And for a one-man business, you don’t need to start your own orchard or business.
However, you may want to consider selling your juice directly to local shops or markets. Fruit juice is a versatile and delicious way to add variety to your diet and will go a long way toward improving your health.
Depending on your preferences and your skills, you could use the juice to fuel your exercise regimen, provide the healthy nutrient profile you need in a natural form, or just as a delicious, thirst-quenching alternative to sugary drinks.
36. Rice Bran Oil Production
If you’ve always wanted to start a business but weren’t quite sure what kind of business to start, you might consider producing rice bran oil.
Rice bran oil is highly nutritious and has many medical benefits. It is used as an effective food supplement for humans and can be used in the treatment of cancer, diabetes, heart disease, arthritis, high cholesterol, colds, asthma, eczema, and epilepsy.
Most high-quality chemical fertilizers that are widely available are based on a byproduct of rice bran oil production, so you can rest assured that your MSME business ideas will be generating steady revenue.
37. Groundnut Oil Processing
This is probably the most profitable business idea. One of the fastest and easiest ways to profit is to buy and process groundnut oil into gasoline.
This can be done by purchasing groundnut oil at the market and taking it to a refinery. You’ll get paid as a middleman who brings in the product from buyers.
When the refinery sells it, you’ll get paid for the oil, which you then resell for a profit. This is a win-win situation for you and the buyer. You both get paid fairly for your product while the buyer gets the oil at a good price.
38. Cosmetics Production
Another profitable MSME business idea is to start a cosmetics business. Unlike groundnut oil, cosmetics are not readily available at local markets.
So to start your own business that produces cosmetics, you must import them from overseas.
39. Ginger Garlic Paste Processing
Ginger Garlic Paste Process processing is the process of crushing fresh ginger, lemongrass, and shallots, crushing and degreasing the paste and adding necessary flavours, aromas, and sugars, then packaging the final product. \
But, without the proper equipment, it can be difficult to achieve a successful final product. This method of ginger paste processing requires a food-grade food dehydrator, food-grade electric food processor, grater, canning equipment, and a pH probe.
It is a highly regulated industry, so if you don’t have the proper tools, you won’t be able to legally sell your product.
40. Hair Band Making
This is a hairband making business that allows you to make beautiful hair bands for men. You’ll use your sewing skills and create anything from bobby pins to hair ties.
This is a great way to start out if you want to make some extra money to supplement your income. You can use the money that you make from these products to further your own education, take a course or do whatever you choose.
41. Hing Making
The first step to launching your MSME business is coming up with a great idea for a business. If you can get a lot of people to use your product or service, you’re in good shape.
Hing making offers a variety of services that will benefit a lot of people. You can start by having a few friends or neighbours help you make the taffeta.
42. Sunflower Oil Processing
We often turn to our families and friends for tips on how to earn money. That’s a good thing. But there are other options too. A great way to earn money is to start a food processing business. Of course, you can set up a food stall in a park. You could also open a food truck on the street.
However, setting up a commercial sunflower oil processing business could be a more reliable and less risky endeavour than starting a food truck business. It’s often more cost-effective and can bring a significantly larger profit in a relatively short time.
Sunflower oil is also a much more stable and valuable commodity than, say, sushi or scrambled eggs. Many people prefer eating sunflower oil and its by-products over other substitutes.
43. Iodized Salt Production
Iodized salt is another food staple that’s all too common. Almost everyone keeps some on hand in their pantry. But this inexpensive item can be made more valuable by adding iodine.
This ingredient can be used to help relieve iodine deficiency issues. Iodized salt can also be used as a sweetener. While it may not seem as sweet as sugar, this salt can serve as a healthy substitute for high-sugar soft drinks and juices.
People with diabetes are particularly interested in this salt, as it can also help manage the effects of the condition.
45. Ice Cream Cone Making
This is an amazing business idea that you can start from home. You can make ice cream cones or other types of treats for friends and family, and sell them online. The base of this business idea is simple. You can purchase an ice cream cone maker.
Next, make the cones using the device. You can personalize them using icing, decorations, and more. Each cone is yours to sell, so you’ll get to work making money doing something that you love.
46. Leather Bag Making
A business that can be done on a budget is leather bag making. It only takes a few hours and you don’t need a very good amount of capital to get started. However, the supply chain for your leather bags will be a little more complex than a good leather biker jacket.
Sourcing the raw materials can be a little tricky. It may require some research, but if you’re careful, there are ways to get it all done.
You could even build a simple website to help you access new materials from sources across the globe. Once you have your materials, you can craft your bags in a hurry. It’s a pretty simple process with just a few simple tools, and a few basic instructions.
47. Potato Chips Making
Everyone knows that potato chips have always been a popular snack choice. And it looks like the potato chip industry will be in good shape for years to come.
If you own a thriving potato chip business, you’re bound to see steady growth year after year. This is because you’ll have loyal customers who will continue to order their chips, year after year.
The key to this business plan is to provide quality products and exceptional service. Consumers will continue to purchase your chips in significant amounts because they can rely on your chips to taste great and stay fresh.
As a successful potato chip business owner, you should also seek out additional niches for your products. This will allow you to diversify and provide various products and services that your customers will enjoy.
48. Spice Powder Grinding Business
A spice powder grinder is one of the most popular and profitable MSME ideas. You can start this business by grinding spices for companies or individuals.
Some grind spices themselves while others use professional companies. Whatever route you take, you can get paid for every spice you grind.
You can then package and sell the spice powder online and offline. This is a great idea from a list of MSME business ideas.
49. Dry Pet Food Business
Your pet is one of the most beloved members of the family. If you own a pet, you’re probably taking care of them. But it’s important for them to have a variety of food options.
You can start a pet food business by grinding the food for your pet and can use an online system or a recipe you’ve written. You can then sell your dry pet food online.
50. Noodles Making
Making your own noodles is one of the quickest ways to become a profitable entrepreneur. If you live in an area where there are plenty of corn mills, you’ll find that you can get cheap supplies for noodles.
After you buy some corn from your local corn mill, you can make and store enough for a months worth of eating, making noodles a great snack. And, you’ll need to collect some corn husks to use as a wrapper for your noodles.
Other necessities for making noodles, such as the noodles, the stock, and the seasoning mix, can be found at grocery stores.
You’ll also need some kind of pan to cook the noodles in, and a rolling pin to roll out the dough. All of this costs money, and you’ll have to invest some of your own in this business.
Don’t let a lack of funds keep you from starting an MSME business. It’s easy to spend too much money on MSME business ideas, but if you research and make smart financial decisions, you can start a successful MSME business with one of these ideas without spending a fortune. Just remember to save every penny you make.