The cost of setting up a new business has never been so low. Especially for online-based businesses. Technology has made starting your own business easy, affordable and possible. All you need to start a business online is a phone, a computer, an internet connection, and a domain name.
Coming up with a good business idea is often one of the hardest hurdles.
Starting a business is a massive responsibility and can be overwhelming for a lot of people. However, not following the everyday monotonous 9-5 office routine anymore and making all decisions yourself is one of the world’s best feelings.
But, not everyone is able to turn their dream of running a business into a reality due to a lack of funds. However, now we have a solution for you! Here is a list of low investment business ideas, which also yield good profits, you can now start your own business and turn your passion into a profession. Let’s have a look at some of the top small investment businesses.
Create digital products or courses
Digital products like music, courses, and templates are unique on this list of ideas. Unlike the others, they’re not tangible products. There aren’t recurring manufacturing or shipping costs to worry about, so your margins can remain high.
Consulting Business
Consultants solve problems and offer advice to clients. Consulting businesses offer a unique opportunity for entrepreneurs to offer their expertise to others in a lucrative way.
Start a charitable business
Starting a non-profit organization isn’t the only path you can take to help fund a better world. Having a mission to go along with a business, and setting aside some profit for a cause, gives social entrepreneurs a unique way to position their company in the market while addressing the issues they care about most
Social Media
As the popularity of social media continues to rise, so do business opportunities. Your social media-based business could be about content production, or you could opt to work behind the scenes helping other businesses thrive as a social media manager or consultant. Either way, the potential for profit and the relatively low startup costs are worth considering.
Blogging
If one has to pick a single money-making idea from a list of internet-based small businesses from home, blogging, and vlogging (video blogging) have the potential to be money-spinners. As long as it is interesting, it does not matter what one writes or makes a video about.
Consultancy
Almost every sector requires consultants to assist in its development and growth. People with decent knowledge of IT, finance, marketing, HR, accounts, law, healthcare, social media, etc. can open their own consultancy company and tie-up with big corporates to make good money.
Virtual Assistant
One of the most successful business ideas is to offer virtual assistant services. Everyone from large enterprises to solopreneurs requires help with the day-to-day management of their business.
Content Writing
Almost every company with an internet presence needs help with creating content for product pages, blogs, etc. As such, starting a content writing or copywriting company could be one of the most profitable business ideas for you.
Social Media Management Service
Having a solid online presence is key to surviving and staying relevant in business in this digital age – little wonder why many companies are jostling to establish themselves on social media.
Web Design Agency
In the early age of the web, you needed to know how to write long, intricate codes to build a website. But all that has changed now, thanks to no-code solutions like WordPress and Wix.