You may have asked yourself how entrepreneurs start their businesses? How do they build multinational companies that are rising to the top of the industry? The answer is quite simple. All you need to start your business is a small business idea. Not the best business idea, not even something large. In the current economy, you can start an online business from home. All you need is an idea. But the question is: what is a business idea?
What is a business idea?
Coming up with a business idea can be simple. However, for any business to succeed, the business idea should be based on real life. Your idea should solve a problem in real life. For example, when vendors all over India were unable to complete KYC for their customers, the Government of India came up with an Aadhar card. This is a small idea that grew to be one of the top business ideas.
Coming up with business ideas is not simple. However, it is not too complicated. For example, in the post-pandemic world, all businesses are trying to be digital. Instead of looking for offline work, a person can provide graphic design services or website design services. These are small business ideas that can lead to large businesses.
There are unlimited growth opportunities when you come up with a good business idea. If you’re looking for a start-up idea, we have one that can help you launch your business: Solar Business.
Why is opening a solar business the best small business idea of 2022?
The Ministry of New and Renewable Energy (MNRE) aims to install 100 GWs of grid-connected PV systems in India by the end of 2022. This goal has encouraged all solar companies and manufacturers in India to increase their network of dealers and distributors. Regardless of whether you understand solar energy or not, you can take part in this initiative by opening your solar business.
What type of solar business can you open?
Opening a solar business was a popular business idea in 2021, and as the goal of MNRE shifts and the energy capacity of India increases, more solar businesses will need to be opened. As a result, this business idea has unlimited growth opportunities, regardless of where you are from. In India, you can open two types of solar businesses:
- Solar dealer: Solar dealership is the perfect business idea for women at home, students or even full-time employees. You only need to purchase one demo unit worth ₹25,000. You can use this unit to demonstrate the working of the solar panel and take orders. Each order will be shipped individually so you do not need to keep stock. After each sale, you will receive a commission.
- Solar distributor: Solar distributorship is an excellent business idea for real estate agents, business owners, electricians, electrical shop owners, etc. You need to purchase
products worth ₹1,00,000 (for 2nd and 3rd tier cities) or ₹3,00,000 (for 1st tier cities and state capitals). Since there is only one distributor in each district, you will not have any competition. As a distributor, you will manage a network of local solar dealers and receive commission accordingly.
So, how much do these ideas pay?
According to business standards, you will receive a commission on each product you sell. With Loom Solar, you will receive a 10-25% commission on each product.
Which solar panel manufacturer will help you start your solar business?
While there are many solar manufacturers in India, Loom Solar is the best choice if you want to start your solar business. Headquartered in Faridabad, Haryana, Loom Solar is the fastest-growing solar company in India. The company was founded in 2018, and since then has achieved an ISO 9001-2015 rating.
Loom Solar offers a wide range of products – from 10-watt solar panels to 530-watt solar panels, from solar inverters to solar AC modules. The company has a presence in 500+ districts in India and has a network of 3500+ solar dealers and distributors.
Some things Loom Solar is known for:
- Product range: Loom Solar has a wide product range. They are known for their monocrystalline solar panels, bifacial solar panels and many more. Their products can be both grid-connected or off-grid, so you can cater to more customers.
- Support: Loom Solar provides both sales and marketing support to their partners. Your business will get all the marketing support it needs, as well as a Google Business listing to make your business visible to all locals.
- Brand recognition: Loom Solar has been recognized by many national and international leaders such as Zee News and The Government of India.
How much do you need to invest?
Since this is a small business idea, you do not need large investments. You can start your solar business with as little as ₹1,000. Loom Solar is a customer-centric brand so you will be provided with unconditional marketing, sales and technical support.
What if I do not know about solar panels?
Even if you do not know about solar panels, Loom Solar will support you. Loom Solar hosts Learn Solar with Loom Solar – a series that helps new business owners understand the industry. Hosted every Saturday for 1 hour, you will be taught everything you need to know about solar panels and the solar industry.
If you are ready to take advantage of this solar business idea, you can visit the Loom Solar website to learn more. Setting up this business does not take time, and with its high margins, the solar business is among the best business ideas of 2022.
