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Top 10 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 realizing your ideas. Let’s get over the first big mental hurdle: “I want to start a business, but I don’t have an idea.”
These 26 small business ideas are a great starting point for startups, beginners, or anyone with a busy schedule, allowing you to get around your business without throwing everything else away.
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) that matches a logo that represents a great brand.
Buy, store, pick, pack, ship inventory. When you run a business, inventory management is a big task.
Dropshipping is an easy and inexpensive business idea to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party vendor sells and ships to customers on your behalf. It is one of the best businesses to start because it is low capital, manual and scalable.
Easy Businesses To Start
You do not need to purchase products yourself – you only need to make sales and transfer orders to the supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can include products from one or more vendors in your online store under a theme that focuses on a specific niche, such as accessories 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 marketing and customer service.
There are both local and external 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 original products. Just make sure you always order a sample for yourself to make sure your supplier is reliable and the product quality is suitable to sell to your customers.
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Another dropshipping model outsources print-on-demand, inventory, shipping, and fulfillment to a third-party vendor. But unlike the download business idea above, the focus here is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, bags and more become a springboard for your creativity. You can come up with fancy slogans for promoters or referrals to cat owners – if there’s excitement and pride in the community, you can start a t-shirt business.
Profitable Small Scale Business Ideas [with Low Investment]
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 ordered in bulk. But the advantage is that if the t-shirt design doesn’t sell, you haven’t paid for the product yet (only the design if you’ve outsourced it).
You can even use shirt mockup templates so you don’t have to spend extra money on a full image 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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If you think about it, a book is just another kind of product. So you can create one that serves a specific market demand.
Cookbooks, picture books, comics, poetry books, picture 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 to start.
Print-on-demand is a safe way to test the waters and start self-publishing. He also checks the quality and appearance of his book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your 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 a book once, the price naturally goes down when you buy in bulk. Consider pre-selling your book idea or crowdfunding to make sure there is demand and guarantee a certain number of sales to ensure you make a large order.
If you have a blog or are planning to start one, creating your own blog can be a great way to monetize your blog.
Digital products like music, courses, podcasts and templates are unique in this list of low investment small business ideas. Unlike others, they are not flexible. You don’t have to worry about recurring manufacturing and shipping costs, so your margins can stay high, making it one of the best businesses to start.
Complexity is what makes a good digital product. What is so useful that people are willing to pay to download it?
Low Cost Business Ideas
The answers range from original instrumental hits, to standard images 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 packaging it into a new revenue stream.
Has a free Digital Download app that allows you to offer digital products in your store as easily as physical products.
If you’re artistically inclined or know your way around a camera, you can use the 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 publish or to use public domain that you are free to monetize.
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If you already have a relevant 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 many inexpensive digital templates and mockup generators like Placeit that you can use to showcase your products without having to print everything and do your own photo shoots.
In our free 40-minute video workshop, we’ll walk you through how to create a product idea, set up an online store, and end up selling print-on-demand.
Having a mission to run a business and donate a portion of profits to a cause gives social entrepreneurs a unique way to position their company in the marketplace while addressing the issues that matter most to them.
Small Business Ideas With Low Investment And High Profits
While many social enterprises offer their own original products, you can also take advantage of one of the low-cost small business ideas above and partner with a non-profit organization, or do this social good yourself if you know exactly how it works
As part of your marketing, you can share the impact your customers are making by supporting your business, such as a blog post highlighting your community work or a real-world 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 smart way to gain self-employment. With service based small business ideas, “time” is your greatest asset and investment. You only have a limited number of hours in the day. However, it makes it easier to get up and running if you have the skills that are in demand.
Most Profitable Small Business Ideas
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 give them
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