Starting a business has become a trend now. But it is not easy to start. It's the risk that stops everyone from starting a real business. To lower this risk, I have created a list of the top 10 small business ideas with low investment.
Taking risks is hard, like climbing a mountain without safety ropes. But with proper direction and plan, everyone can manage to run a business. To make the business successful, an entrepreneur needs to be very confident and a risk-taker.
1. Ecommerece Store Owner
According to 99firm's study, there are 2B digital buyers in the world. In the next 20 years, 95% of purchases are expected to be via eCommerce. So the opportunity to start an eCommerce business I immense.
To create an eCommerce store, you don't need a high investment. you need to develop an eCommerce store or get it manifested from experts for a little amount, or you can start your eCommerce store with third-party websites, like Shopify, woo commerce, etc.
2. Travel Planner
Do you love traveling? Do you enjoy the tour planning process? If your answer to both questions is yes, then you can be your boss by starting a Travel Planning business at home.
To start the travel planner business, you will need a website, or you can start with Google My business and social media. It doesn't require money to start a Travel planning business.
3. Packing Services Facilitator
We live in an era of a mobile society. Due to unstable jobs and other factors, the average person moves about once every two years. Nobody has the time to do all things, so they require a packaging facility. You can organize their stuff efficiently and can ease their process by providing packaging service.
For getting clients, you can distribute your cards to moving truck rental firms, real estate, rental, and insurance agents to get referral business. You might include the affiliate program in it by paying them a small commission on referrals.
4. Consultant
I am good at Digital Marketing, and I provide consultation to businesses about Digital Campaigns. Are you good at something? It could be anything. If you are, then you can provide consulting service to others for free. You can monetize your knowledge by doing so.
On Linkedin, almost all the professional experts provide consulting for a fee. You can start advising people on Linkedin for Zero-investment.
5. Gym Owner
Being healthy is an essential part of life. Millions of people join Gym every year to be fit & healthy. You can take this as an opportunity by opening a Gym.
The gym is a business that requires a physical place of commencement. You can run it in a renovated warehouse or commercial space. And you must buy gym equipment from a well-reputed company.
For the revenue part, you might include various classes (yoga, cross fit, kickboxing, etc.), membership fees, personal training, nutrition, juice bar, supplement sales, and massage service, etc.
6. Social Media Managing
Demand for social media managing service has grown tremendously this year. Every business has to be online for various purposes, like advertising, marketing analysis, increasing sales, etc.
Social media managing consultants serve as the face and voice of the business on social networks (Facebook, Twitter, Instagram, etc.). They run campaigns, improve engagements, and loyalty with social posts.
You can start this business with your desktop at your home. If you started getting more clients, then you can outsource or hire people to work for you.
7. Specialty Food Store Owner
Everyone needs food to be alive. Do you enjoy trying new foods? If you are a foodie, then you can start a satisfying retail business that allows you to make a profit out of your passion for food.
You need a shop or store and fresh & high-quality supply of food produced around you. You can host cooking events for more revenue or can sell famous cooking books within your store.
8. Photographer
Do you like to click photographs? Are you a photography expert? If you are not an expert, then don't worry, you can learn it very quickly.
Photographs are the best way to capture memories. You can make huge money out of photography. You can start stock photography, pet photography, photography course, portrait photography, event photography, and wedding photography, etc.
9. Freelancing Writing Business
Do you have expertise in any industry? You can make money by writing for your passion. Many websites on the internet pay you for writing for them on various topics. Some examples of such sites are hubpages, paidforarticles, linkable, and iwriter, etc.
You can get writing jobs from freelancer, upwork, and fiverr, etc. This writing business doesn't require any investment. You can start this at your home, and any time you like.
10. Translating Business
The era of marketing is changing to locality-based marketing. Companies are being more specific at marketing products or services. They are trying to target potential customer in local languages. You can use this opportunity and can start your business. You can provide a translating service in you local language.
You can also generate revenue from transcribing the videos for businesses.
Final Thoughts
Now you have some business ideas with low investment. You must take a step forward to start your business. You have to accept the challenges if you desire to be a business person. I wish you the very best of luck to you for your new business.
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