Retail Business Ideas in India

Retail Business Ideas in India

Recently I have posted a Post,

Retail Business Ideas for Indore

After reading my this post, I receive several queries on my mail box about which are the retail business ideas in India? And that’s why I have planned to write a separate post for this query.First of all, we will discuss about the Retail Industry of India.

Overview: Retail Industry of India – Investor’s Perspective

Retail is India's largest industry. It accounts for over 10 per cent of the India's GDP and around eight per cent of the employment. Retail sector is one of India's fastest growing sectors with a 5 per cent compounded annual growth rate. India's huge middle class base and its untapped retail industry are key attractions for global retail giants planning to enter newer markets. Driven by changing lifestyles, strong income growth and favorable demographic patterns, Indian retail is expected to grow 25 per cent annually. It is expected that retail in India could be worth US$ 175-200 billion by 2016.

A number of factors are driving India's retail market. These include: increase in the young working population, hefty pay-packets, nuclear families in urban areas, increasing working-women population, increase in disposable income and customer aspiration, increase in expenditure for luxury items, and low share of organized retailing. India's retail boom is manifested in sprawling shopping centers, multiplex- malls and huge complexes that offer shopping, entertainment and food all under one roof.

Today Reliance, Birla, Bharti & Pantaloon Group are in the Retail Sector of India. Retail sector is a very large sector in India.

There are several products that you can sell in India. India is a huge market for virtually any kind of product. What I advise you is that, also start your retail business on eBay. Push your products on the Internet for Sale. This is because there is a great market opportunity for retail products on the Internet.

First of all Find out your Niche. Decide that under which Niche you want to start your own Business.

How to get a Retail Business Idea?

Well, it’s common sense. Simply go to eBay.com and you will find literally 20,000+ Product Categories & Sub-Categories over there. You will 100% surely find a good retail business idea for you over there,

Now,the second step is,

Even if you come up with a brilliant idea of a product you want to sell, there's still the tiny detail of finding the actual product. You want to sell XYZ, but you're wondering, "Where exactly can I get a supply of XYZ to sell-and get it for a fair price?"

So find out a supplier of your product.

Once you are done with the above 2 steps, Hit the Market…Success is Yours…!!!