6 Low-Investment Business Ideas You Can Start Right Now
Nowadays, many business ideas do not require substantial capital investment. YIn fact, an Intuit survey revealed that 64% of small businesses are started with less than $10,000. Depending on your business idea, you can start a company for $100, sometimes even less.
And thanks to platforms such as Builder.ai, it is now easier than ever to get your business off the ground and reach potential customers.
With that said, let’s look at some of the best low-income business ideas that you can start as soon as tomorrow.
SEO agency
As more and more businesses move online, there is an increased demand for somebody to get them to the top of Google and other search engines. If you have experience in the field, you can set up an SEO agency with very little expense. In addition, many freelance sites can help you find clients, although it pays to have your own website as well.
As this is a service-based business, you only have to pay for your internet consumption and website costs.
Digital Marketing
Marketing companies require very little investment. Of course, it pays to have experience in the marketing field for this venture, but it is not essential. If you are new to the industry, you can take an affordable online course to understand digital marketing practices.
If you have a creative flair and the patience to learn new skills (the digital marketing industry is constantly evolving), this could be the venture for you.
Dropshipping
Dropshipping involves eCommerce stores purchasing their product from a third party, which then ships them directly to the buyer. This means you do not have to invest in warehouses to store the goods. In effect, you are buying your stock after you sell it.
This is one of the best business ideas with low investment and high-profit margins. If you make enough money, you can grow the business to include your own warehouses, giving you greater control over product quality and shipping.
Blogging
Fancy yourself something of a writer – why not start a blog? It costs less than $100 to build a professional-looking blog. All you need is a computer and a website; then, you are free to get started. This is a great idea if you are passionate about a subject or field and you have enough knowledge to write about the topic at length. There is also plenty of potential for income and profit, thanks to affiliate marketing and ad sales.
Selling handmade goods
As the world becomes more eco-friendly, the demand for handmade, cruelty-free products has never been higher. If you have a creative side and like to make things from scratch, this could be one of the small business ideas for you.
You do not even need your own website to sell your products. Instead, you can sell your products through sites like Etsy and Not on the High Street. Of course, you still have to figure out where you will store your stock and take care of shipping, but selling through a third-party eCommerce site is potentially lucrative. It also takes away the stress of running your own website.
Social media consultancy
Social media is one of the best ways to reach new customers and build brand identity. If you know your way around Facebook and Twitter, you may consider starting your own social media consultancy business. It will be your job to design and implement social media strategies that help companies organically connect with their target demographic. Then, all you need to do is market your services and find the clients.
Final thoughts
These are just a few good business ideas that can help you reach your business goals without spending a fortune or taking out a loan. Don’t let financial constraints hamper your vision – with the right amount of energy and dedication; it is entirely possible to turn any low-investment business ideas into a fruitful livelihood.
