This article looks at some of the best business ideas with low investment that can be started by nearly anyone, including YOU!
If you already have an idea of what business to do, that is already an investment you must cherish! You may not have the money to execute it but don’t let this lack of capital deprive you of the motivation to start and run a successful business.
There are many business ideas you can consider even if you don’t have that big capital to invest in a specific venture.
If you want to run a business with little or no capital investment requirement, then you will find the ideas shared in this article very useful.
What Are Business Ideas With Low Investment
It is important we are reminded of what a business idea with low investment means.
An investment is the laying out of money in a business with the expectation of a profit. It also means the commitment of time, effort and energy in a particular venture.
If a business idea requires little money or capital, and little energy, time, and effort, then that idea is said to have low investment.
What Makes the Best Business Ideas With Less Investment?
The best business ideas with low investment come with the following features.
- They can be started with little or no capital
- They require minimal time, effort, energy to complete.
- They may require only the basic skills and work experience of the entrepreneur
- They yield maximal profit with the lowest cost input.
15 Best Business Ideas With Low Investment
1. Content Writing Business
The demand for online content is high and thanks to the fact that more and more people are using the Internet.
A content writer produces engaging content for use online. He or she creates articles, blog posts, newsletters, email campaign content, social media, white papers, multimedia content, video scripts, copywriting, and other forms of written web material.
You can start a content writing business with low investment. You don’t need to have big capital before you can start or run this venture.
You need to have strong writing and search engine optimization (SEO) skills. Apart from those skills, you need a laptop or computer with writing software, an email account, social media presence, and a website.
Your computer or laptop may already come with free word-processing software and you don’t need to shell out thousands of money for them. So, invest in free word-processing and editing software.
If you can’t rent or set up a standard office, then use your home to set up a work station. This will not cost you much.
2. Online Tutoring Business
Online tutoring business offers individualized lessons to students of all ages.
The students or clients could be kids that are still in kindergarten or in first grade. The students could also be adults studying in colleges or those who are taking part in professional training.
An online tutor uses a laptop to deliver lessons to students. He can deliver the lessons or communicate with the student through face-to-face video conferencing, Text chat via instant messaging, or through email, etc.
If you want to start an online tutorial business then you can do so even if you don’t have thousands of dollars to invest.
It doesn’t take much to start this business. With just a few hundred to a few thousand dollars, you can get tools you need to start off.
The main equipment you need is a computer with relevant video sharing software. In addition, you should set up your workspace at your home instead of renting an office space that would cost you a fortune.
3. Dropshipping Business
A Dropshipping business is an online store or business model whereby the owner buys a product from a merchant that ships it directly to the customer.
Whenever there is an order, the owner buys from a wholesaler who fulfills or ships the order to the customer.
In this business model, you only buy a product when a customer places an order and pays for it.
You can start a dropshipping business as it is a low investment business. It comes with the following features:
- This business can be run from just anywhere, even from the comfort of your home.
- You need simply an e-commerce store where you list and advertise the products you sell, and where interested customers would contact you.
- You don’t have to deal with physical products, and you don’t tie up a huge amount of money purchasing and storing inventory.
- The suppliers bear the cost inventory, shipping, and
- With just a laptop and a home office, you enjoy low overhead running this business.
4. Design and Sell Print-on-demand T-shirts Business
A Print-On-Demand T-Shirt business offers the printing and shipping of T-Shirts to customers. In this business, you customize T-shirts with your own image or texts.
This business is a low-cost venture. You only need your creativity and an account with a print-on-demand T-shirt marketplace like TeeSpring, CafePress, Skreened, Spread Shirt, Teezilly, Zazzle, etc to start this business.
Register with any of these print-on-demand websites and use their software to create your designs. The websites help you to sell the design.
They would display your designed T-shirts on the site, and when a sale is made, the profit is split with you based on an agreed term.
In some print-on-demand business, you don’t split the revenue with the company but you take all the profit. The businesses that allow this option may demand that you pay a full membership fee.
5. Event Planning Business
An event planning business handles the organization of parties, meetings, conferences, and special events for individuals, organizations and government enterprises.
If you are very skillful with managing time and people then you can set up an event planning business.
You can be hired to organize the success of events like birthdays, weddings, conferences, graduations, anniversaries, memorials, product launches, fashion shows, political rallies, and so on.
You may be in charge of invitations, foods, entertainment, decoration, transportation of guests, and so on, for social or business related events.
An event planning business is a low-cost business as you can start it even if you don’t have big capital.
You will only need to have a basic organizational and accounting skill. You can start out by organizing events for friends and family. From there, more clients can contact and connect with you.
6. Virtual Assistant Business
A virtual assistant or VA works from a remote location and provides administrative, secretarial, technical and creative duties and assistance to a client.
The VA business allows the individual to work as a “personal assistance” to an executive or client. This duty is usually performed form the home or from a remote location.
The typical duties of a VA include:
- Typing and reviewing of documents for the employer
- Receiving, responding or sending of emails on behalf of the employer,
- Organizing and scheduling meetings or appointments,
- Taking and making calls, and so on.
A Virtual Assistant business can be started with low investment. You can work from your home to run this business.
You need an updated computer with video-sharing and chat software, a website, a printer and a scanner, and a telephone. These tools and equipment will not cost you a fortune to get them.
You may also need to invest in a license before you can operate. This will depend on the state you are operating from.
7. Freelancer Business
A freelancer is a writer or artist who sells services to different employers without a long-term contract with any of them.
If you are good at writing or you have a very creative skill then you can render services to clients as a freelancer.
You can work from home as an independent contractor and make a lot of money.
A Freelancer business is a low investment business. It will not cost you a fortune to start and to operate this business
The tools you need include a computer updated with the right word processing software. You also need a telephone and an email account.
You can register with websites that match freelancers with clients so you can get frequent freelance tasks.
Upwork.com, Freelancer.com, and Fiverr.com are good examples of online platforms where you can sign up to become a freelancer.
8. Translation Services
A translation service is a business you can start with low investment. This business enables you to get paid as a translator. You will need to efficiently translate or interpret written or spoken words from one language to another.
The target market for translators is wide. This cuts across many industries that include medical, legal, construction, commercial and education.
You can start a translation service business with low capital.
What you need to become start and run a translation service business include the following details:
- You need to have fluent language skills
- A certification may be needed – but this is not compulsory with all clients
- You need a home-based office, a telephone, and a website.
- You also need a computer that is updated with translator software and connected to the Internet.
- You should have an account with online translator service where you can find regular translator jobs posted by clients.
9. Writing and Self-publishing Business
Writing and selling a book is a business idea you should consider. It will not cost you a fortune to start this business.
You only need to put pen on paper and write an amazing book that would sell. The book can be informative, instructive, entertaining, or educative.
After writing, you should do proper editing, design the cover, and have it published.
Most of the best self-publishing platforms also provide book design, book formatting, and book distribution services to complement the publishing functions they are known for. You can take advantage of these services to save cost when you write and sell a book.
So, if you want to start making money by writing and self-publishing books, then open an account with any of these platforms.
You can self-publish the book through any of the various online publishing platforms. These include:
- Barnes & Noble
- Amazon KDP
- iBooks Author
10. Rideshare Driver Business
If you have a car and meet the driver requirements of on-demand transport companies like Uber.com and Lyft.com, then you can start a rideshare driver business.
You will register with Uber or Lyft as a drive, and you will start to make money by driving commuters from one destination to another.
A rideshare driver business doesn’t cost much to start. Just meet the car and driver requirements of the on-demand transport companies.
For instance, if you want to work with Uber then you must meet the following driver requirements:
- You must be at least 21 years old
- You must have a valid driving license
- You must have a clean driving record with no criminal history
- Your vehicle must be duly registered in the state you are operating from
Once you meet the requirements of Uber.com or even those of lyft.com, then you become a rideshare driver. You can hit the road for your first passenger.
11. Create and Sell Digital Products Online
You can start a business to create and sell digital products online.
Digital products are intangible products that can only be streamed or downloadable online. They come in files like PDFs, MP3s, MP4s, templates, plug-ins, and software.
You can upload and sell digital products through your own online or e-commerce store. This type of small scale business requires low investment.
Digital products can be created once and sold repeatedly to different customers without having to replenish your inventory.
Sign up with Shopify or eBay to create a store where you can upload and sell ebooks, software, videos, photos, audio files, templates, and other forms of digital products.
12. Body & Health Fitness Center
Many people are now becoming health conscious, and they would do anything to keep fit and stay healthy.
If you can train people to stay healthy and fit, then use that skill to run a business. You can start a body & health fitness center business.
A fitness center can be started even if you have little money. So, it is a low investment business if you are doing it on a small scale.
The most important thing you need is the training and certification to provide fitness and health to others.
I assume that you already have a certification as a personal trainer and would like to own your own health center business.
Create a website, print flyers or pass the word of mouth about the services you render. You can hire equipment instead of buying if you are starting out without enough money.
You can train clients in your home or at their homes before you fully set up a gym or training center. You can specialize in aerobics, yoga, dance, Pilates, cycling, or more.
Fitness training business can grow based on the effectiveness of your training with clients.
13. On-demand Food Delivery Business
You can start a food delivery business as a low investment option. In this business, you deliver groceries, organic foods, prepared meals, Pizzas and other forms of basked foods to the homes or offices of those who have ordered them.
A food delivery business requires you to have a reliable vehicle like a car, van or truck. This can be used to dispatch or deliver each order placed.
You will need to list the food with a price tag, procure the materials, and when orders come, you deliver the item to the consumer’s doorstep.
You can open an online store and promote the delivery service to potential clients or customers in your locality.
Another option you should consider to make money in a delivery business is to sign up with on-demand food delivery businesses like:
14. Residential Cleaning Services
You can set up a residential cleaning service as a business. This business will not cost you much in terms of investment. A Residential cleaning service is a low investment business!
You simply need to have cleaning experience and then you can easily find house cleaning gigs in your neighborhood to make money.
You can rent heavy cleaning equipment if necessary. Of course, buying basic cleaning tools and materials like water, soap or washing chemicals will not eat up your fortune.
Other things you need to do include:
- You should create a website to promote your service.
- You should advertise your services on platforms like Craigslist.org.
- You can also sign up with platforms like Care.com, or Handy.com, etc., to find the right gigs.
15. Niche Blogging Business
You can start a blogging business with low investment. In a blogging business, you create a blog with a niche topic – this should be a topic you are very familiar with.
You can start a blog by investing little money in web hosting, domain name, and a professional theme.
A blogging platform like WordPress.org or Joomla.org should be used to build a professional blog.
You can make money on the blog by selling advertising space, by selling digital products, or by promoting affiliate products on it.
The success of your niche blogging business will depend on the volume of targeted traffic you get. Traffic is a function of the value you create on the blog.
So, you should ensure that you create value in the blog so that people would keep visiting and responding to your call to action.
In addition, you can sell a niche blog for money. In this business model, you build the blog, operate it some time to start making money, then you sell it to interested individuals or businesses.
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- How to Make Money Online on Twitch
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- How to Make Money on Maternity Leave
- How To Make Money in Medical School
The above are 15 best business ideas with low investment. You will not break the bank just to start or run these businesses.
You can choose the most suitable option based on your interest, experience, and qualification.