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Small Business Ideas With Low Investment
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Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and start-up costs and more on making your ideas a reality. Let’s get over the first big mental hurdle: “I want to start a business, but I have no ideas.”
These 26 small business ideas are a great starting point for startups, startups, and those with busy schedules, and will help keep your business running without everything else falling apart.
To help you find inspiration to get you started, we’ve compiled a list of over 100 in-demand business ideas divided into categories like fitness, apparel, and gaming.
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Regardless of your business type, you need a good domain name (use our free domain name generator) associated with great branding and a representative logo.
Buy stock, store it, pick it, pack it, ship it. Inventory management is a major commitment when you run a business.
Dropshipping is an easy and low cost business idea to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party vendor stores and ships inventory to customers on your behalf. It’s one of the best businesses to start because it has no overhead, no overhead, and it’s scalable.
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You don’t have to handle the products yourself – you just have to make the sale and pass the orders to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can curate products from one or more vendors in your own niche-focused online store, such as gear 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 on your behalf. However, you are still responsible for your own marketing and customer service.
There are both 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 reflect poorly on your brand.
Dropshipping is a great way to test product market fit and start a business before investing in your own original products. Make sure you always order a sample for yourself to ensure that your supplier is reliable and that the product quality is suitable for selling to your customers.
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Another dropshipping model, print-on-demand, puts inventory, shipping and fulfillment in the hands of a third-party vendor. But unlike the dropshipping business idea above, the focus is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, bags and more become canvases for your creativity. You can come up with witty slogans for developers or links that resonate with cat owners – if the community has passion and pride, you can start a t-shirt business.
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Even if you’re not a designer, you can find someone to work for on 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 order in bulk. But the benefit is that if a particular t-shirt design doesn’t sell, you still haven’t paid for the item (only the design if you use it).
You can even use shirt mockup templates so you don’t have to spend extra money on a full photo shoot for each new design.
There are many print-on-demand platforms you can work with, many of which can be integrated into your store for seamless order fulfillment. However, remember to always order a sample of your product (often offered at a discount) to make sure the custom pieces look good.
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A book is another type of product when you think about it. So you can create one to meet a specific market demand.
Cookbooks, picture books, comics, poetry books, photo books, coffee table books and novels – if you have the knowledge or creativity, there are many original books you can market. The options are endless, which is why this is one of the best small business ideas out there.
Print on demand is a relatively safe way to test your capabilities and start self-publishing. It also allows you to control 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 price naturally goes down when you buy in bulk. Consider pre-selling or crowdfunding your book idea to ensure there is demand and to guarantee a certain number of sales so you can feel confident enough to place a bulk order.
Starting 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 small investment ideas. Unlike others, they are not sensitive. You don’t have to worry about recurring manufacturing or shipping costs, so your profitability can stay high, making this another easy way to one of the best businesses.
The trick is to learn what makes a good digital product. What is so useful 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 using it for a new revenue stream.
Has a free digital app to download that makes offering digital products in your store as easy as physical products.
If you’re artistically inclined or camera savvy, you can use dropshipping with a print-on-demand business model to allow others to physically own a piece of your work. Just make sure you have the rights to the content you want to print or to use public domain that you are free to monetize.
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If you already have an engaged online following—say, you’re a cartoonist or urban photographer—you’re in an especially good position to 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, even greeting cards. There are plenty of cheap digital templates and mockup generators like Placeit that you can use to showcase your products without having to print out every item and do your own photo shoots.
In our free 40-minute video workshop, we’ll take you from a product idea to creating an online store and making your first print-on-demand sale.
Having a mission to go with the business and make a profit gives social entrepreneurs a unique way to market their business while addressing the issues that matter most to them.
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While many social enterprises offer their own original products, you can also take one of the cheap small business ideas above and partner with a non-profit organization or implement this social good yourself if you have a clear understanding of how it works.
As part of your marketing, you can share the impact your customers have had by supporting your business, such as a blog post highlighting your work in the community or a real-time impact calculator on your website.
TheGive & Grow app makes it easy to partner with charities and incorporate your mission into your business. You can set it up to donate a certain amount or percentage of sales, or ask customers to add a donation at checkout.
Offering services is not passive, but it can certainly be a profitable way to gain independence. With service based small business ideas, “time” is your inventory and your biggest investment. You only have a limited number of hours in the day. However, it makes it easier to advance if you have the in-demand skills.
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Writers, graphic designers, virtual assistants, SEO practitioners, cleaning service providers, dog walkers, real estate professionals and more can build businesses based on their skills. You can offer these
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