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Best Business Ideas Low Investment High Profit
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Most Profitable Small Business Ideas
Contrary to popular belief, there are many ways to start a business that allow you to focus less on logistics and startup costs and more on getting your idea off the ground. Let us help you overcome the first big mental hurdle “I want to start a business, but I have no idea”.
These 26 small business ideas are a great entry point for beginners, startups, or anyone with a busy schedule, and allow you to start your business without having to drop everything else.
To help you find inspiration to get started, we’ve compiled a list of 100+ business ideas we want, divided into categories like fitness, clothing, and games.
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Whatever your business type is, you need a good domain name (use a free domain name generator) plus a good representative brand and logo.
Buy stock, store, sort, pack and ship. Inventory management is a big commitment when you run a business.
Dropshipping is an easy and cheap business idea to start and a great business idea. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers for you. It’s one of the best businesses to start because it’s cheap, hassle-free, and scalable.
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You don’t have to handle any products – all you have to do is make sales and send orders to your suppliers. In fact, it is one of the fastest and cheapest businesses to start.
You can choose products from one or more vendors in your own online store according to a theme that focuses on a specific niche, such as equipment for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who does it for you. However, you are still responsible for your own marketing and customer service.
There are local and foreign suppliers to work with, as long as you can build a relationship based on trust – unreliable suppliers will reflect on your brand.
Dropshipping is a great way to test market your product and start a business before investing in your original product. Make sure you always order your own samples to ensure your supplier is reliable and the product quality is suitable for sale to customers.
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Another dropshipping model, print-on-demand, places inventory, shipping, and fulfillment in the hands of a third-party vendor. But unlike the above dropshipping business ideas, the focus here is to create products with your own design to create something original.
T-shirts, hats, phone cases, hoodies, skirts, tote bags and more become a canvas for your creativity. You might think of a funny phrase for developers or a reference that would be appropriate for cat owners – if there is passion and pride in the community, there is a potential t-shirt business to start.
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Even if you’re not a designer, you can find work using freelance sites like Fiverr, Upwork, Dribbble, or 99Designs.
With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than if you ordered in bulk. But the best part is that if a particular t-shirt design doesn’t sell, you haven’t paid for it (just the design if you outsource).
You can also use t-shirt mockup templates so you don’t have to spend extra money to take full photos for each new design.
There are a variety of print-on-demand platforms available, many of which can be integrated into your store for seamless order fulfillment. However, be sure to always ask for a sample of your product (often offered at a discount) to make sure your custom product looks good.
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Books are just another type of product when you think about it. That way, you can create one to meet specific market needs.
Cookbooks, picture books, comics, poetry books, photo books, coffee table books, and novels – if you’re smart or creative, there’s a variety of original books you can bring to market. The options are endless – so this is one of the best small business ideas to start with.
Print-on-demand is a relatively safe way to test the waters and start self-publishing. It also gives you control over the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your own books as physical and digital products. You can also sell on third-party marketplaces like Amazon or Powell’s.
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Although you can order one book at a time, the cost always goes down when you buy in bulk. Consider pre-selling or crowdfunding your book idea to make sure there is demand and a certain number of sales so you can be sure to place a large order.
Launching your own book can be a great way to monetize a blog if you have one or are considering starting one.
Digital products like music, courses, podcasts, and templates are unique to this list of low investment small business ideas. Unlike the others, they are not real. There are no manufacturing or shipping costs to worry about, so your profits can stay high, making it a no-brainer to be one of the best businesses to start.
The trick is to understand what makes a great digital product. Is it useful enough that people are willing to pay to download it?
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Responses range from original instrumental beats to stock photos that can be licensed to other creators of information products and templates that help people hone their skill sets in specific fields.
If you have a talent that can be turned into a digital product, consider turning it into a new income stream.
Has a free digital download application that allows you to offer digital products in your store as easily as physical products.
If you are very artistic or camera savvy, you can dropship using a print-on-demand business model so that others can physically own your work. Make sure you have the rights to the content you want to print or use public domain assets that you can freely monetize.
Automated Business Ideas (start A Businesses That Runs Itself)
If you already have an online following – say you’re a cartoonist or street photographer – you’re in the best position to try this small business idea.
Depending on the printer you use, you can turn your work into products like posters or framed wall pictures, even greeting cards. There are many cheap digital mockups and mockup generators like Placeit that you can use to showcase your products without having to print each item and take photos yourself.
In our free 40-minute video workshop, we’ll take you from your product idea to setting up your online store to getting your first print-on-demand sale.
Having a mission to follow a business and provide some profit to a cause gives social entrepreneurs a unique way to position their company in the market by solving the most important problems for them.
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While many social businesses offer their own original products, you can also take the above cheap small business idea and partner with a non-profit organization or take the social good into your own hands, as long as you are transparent about how it works.
As part of your marketing, you can show the impact your customers are making by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
The Give & Grow app makes it easy to partner with charitable organizations and embed their mission into your business. You can set it to donate a certain amount or percentage of sales, or ask customers to add a donation at checkout.
Offering a service is not passive, but it can certainly be a profitable way to gain employment. With a service-based small business idea, “time” is your biggest commodity and investment. You only have a limited supply of hours in your day. However, it becomes easier to get started once you have the desired skills.
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Writers, graphic designers, virtual assistants, SEO professionals, cleaning contractors, dog walkers, real estate professionals and more can build businesses around their skills. Can you give me this
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