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Low Investment Creative Small Business Ideas
Contrary to popular belief, there are many ways to start a business that allow you to focus less on initial logistics and costs and more on getting started.
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These small investment business ideas are a great entry point for beginners, newbies or anyone with a busy schedule and allow you to get started with ease.
You still need to come up with a solid idea, build a brand, make a marketing effort, and provide excellent customer service. But there are ways around many traditional startup costs, such as initial inventory, warehousing, and retail space.
To help inspire you to get started, we’ve compiled a list of over 100 popular business ideas, broken down into categories such as fitness, clothing and gaming.
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Curious about what is a good business to start in 2021? Explore this list of business ideas you can start making money with this year:
Buy stock, stock it, pick it, pack it, ship it. Inventory management is an important undertaking when running a business.
Dropshipping is an easy business to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party seller stores and ships inventory to customers on your behalf. It is one of the best businesses to start because it is cheap, inexpensive and scalable.
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You don’t need to handle the products yourself, make the sales and place the orders with your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can organize products from one or more vendors in your own online store under 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 fulfills it for you. However, you are still responsible for your own marketing and customer service.
There are local and overseas suppliers that you can work with, as long as you can build a relationship with them based on trust. An unreliable supplier will have a bad image of your brand.
Dropshipping is a low investment way to test product market fit and start a business before investing in your own original products. Always be sure to order a sample yourself to ensure that your supplier is reliable and that the quality of the products is suitable to sell to your customers.
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Another drop-shipping model, print-on-demand puts inventory, shipping, and fulfillment in the hands of a third-party vendor. But unlike the dropshipping idea above, the focus here is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, tote bags and more are a canvas for your creativity. You can imagine funny taglines for developers or references related to cat owners. If there is passion and pride within a community, there is a potential t-shirt business you can start.
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Even if you’re not a designer, you can find one to work with 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 upside is that if a particular t-shirt design doesn’t sell, you haven’t paid for the item yet (just the design, if you outsourced it).
You can even use mock t-shirt templates so you don’t have to spend money on a full photoshoot for each new design.
There are a variety of print-on-demand platforms you can work with, many of which can be integrated with your store for seamless order fulfillment. However, always be sure to order a sample of your product (often offered at a discount) to ensure your custom products look great.
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A book is just another type of product when you think about it. So, you can create one to meet a specific market demand.
Cookbooks, picture books, comic books, poetry books, photo books, coffee table books, novels and even e-books – if you have the knowledge or the creativity, there are a variety of original books you can market. . The options are endless, which is why this is one of the best businesses to start.
Print-on-demand is a relatively safe way to test the waters and get into 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 it on third party marketplaces like Amazon or Powell’s.
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Although you can order one book at a time, the costs are naturally reduced when you buy in bulk. Consider pre-selling or financing your book idea to ensure there is demand, and ensure a certain number of sales so you can be confident of placing a bulk order.
Starting your own book can be a great way to monetize a blog if you already have one or are looking to start one.
Digital products like music, courses and templates are unique to this list of small business ideas. Unlike the others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your margins can stay high, which is a no-brainer for the best companies.
The trick is to figure out what makes a good digital product. What is useful enough that people are willing to pay to download it?
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The answers range from original instrumental beats, to stock photos that can be licensed to other creators, to information products and templates that help people improve their skills in a specific area.
If you have a talent that can be turned into a digital product, consider turning it into a new source of income.
Has a free digital download app that allows you to offer digital products in your store just as easily as physical products.
If you’re artistically inclined or know how to get in with a camera, you can use a print-on-demand business model to allow others to physically own some of your work. Make sure you own the rights to the content you want to print or that you’re using public domain assets that you can freely monetize.
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If you already have an online audience, say you’re an urban designer or photographer, you can try this small business idea.
Depending on the printer you work with, you can turn your work into products like posters or framed wall art, or even greeting cards. There are plenty of digital templates and mockup generators like Placeit that you can use to showcase your products without having to print each item and make your own photos.
In our free 40-minute video workshop, we’ll take you from product idea, to building an online store, to landing your first print-on-demand sale.
By having a mission to support business and putting profits aside for a cause, social entrepreneurs are given a unique way to position their business in the market and address the issues that matter most to them.
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While many social enterprises offer their own unusual products, you can also take one of the above small business ideas and partner with a non-profit or run that social good with your own hands, as long as you have transparent about how it works.
As part of your marketing, you can share the impact your customers are having 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 charities and embed your mission in your business. You can set it up to donate a specific amount or percentage of sales, or ask your customers to add a donation at checkout.
Offering services is not passive, but it is definitely a lucrative way to be self-employed. With service based small business ideas, “time” is your biggest inventory and investment. You only have a limited number of hours in your day. However, it is easier to get started if you have in-demand skills.
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Writers, graphic designers, virtual assistants, SEO consultants, cleaning service providers, dog walkers, real estate professionals, etc. they can build a business around their skills.
It is one of the best business opportunities possible