Having a new business is not an easy task. But with experience, money and willing to take any risk all these depend on business ideas you can chase. There are many online business ideas available of beginners or anyone with a busy schedule, to start with low-investment and having a side business. All you can need to come up with a solid idea or to build a brand and providing customers with excellent service.
Here are some low-investment business ideas anyone can start today.
- Partner with a drop shipper
- Design, Sell and Print t-shirts on demand
- Launch own books
- Build an audience that you can monetize
- Creating digital products and courses
- Selling services
- Print and Sell posters on demand
- Sell handmade goods
Partner with a drop shipper
Buy, store, pick, pack and ship the stock. Managing an inventory is a big commitment in running online businesses. Dropshipping is a platform where a third-party supplier can store and ships inventory to customers on your behalf. You have to make the sales and just pass orders. There is no need for you to handle the products by yourself. Dropshipping is also a low-investment technique to test the product if its fit in the market fit and starting a business before investment.
Design, Sell and Print t-shirts on demand
Another dropshipping model, where you can design, sell and print t-shirts on demand. But it’s not like the above dropshipping idea, here you have to customize the products with your own designs that are unique and original and sell to third parties.
If you are not capable of designing, you can hire some designers online by using freelancing sites. You can start this business if there exist passion and pride within a community.
Launch own book
Launching own books is also a good business with low investment. If you are creative, there is a variety of books you can publish in the market, like comic books, photos book, poetry books, novels and cookbooks etc.
There is a safe way to test your product is Print-on-demand and then get started with self-publishing. There are also some popular platforms like Lulu Xpress and Blurb that let you create, order and distribute your books in physical or digital format.
Print-on-demand publishing is a relatively safe way to test the waters and get started with self-publishing while giving you control over the quality and look of your book. A great way to monetize your blog is through launching your own books.
Build an audience that you can monetize
We all know that today’s world is connected with social media, which helps to capture moments and also helps to attract others attention. You can convert it into a business with multiple revenue streams. It’s one of the low investment business that many are willing to pay for it or you can also build up your followers on Instagram, YouTube, Facebook or a blog. You have many ways to monetize your audience:
- Be an affiliate
- Sponsored posts on behalf of brands
- Selling digital products and also physical products
It’s a long game that you are playing, it may take months to figure it out but you don’t need millions of followers, for example, Kat Gaskin sold products that worth is 10k dollars with only 3,000 followers on Instagram.
Creating digital products and courses
If Fashion is your love and you have a sense of style, you can share it online. You can run your own fashion boutique online. For this you do not need any degree of a fashion designer, you can simply open your online store and curare items from other vendors by using dropshipping model.
You can also create your own brand using several products like shoes, dresses and many more. for this, you can also use social media to build you’re online following as we discussed above.
You can start this today with low investment.
“Time” is your biggest investment in services-based businesses.
If you have got skills that are in demand like writing, designing, photography etc. you can build up your business around these skills.
If you have writing skills, you can write articles for others and write your own books and publish them if you have a creative mind you can sell your services as a designer.
There are many freelancing sites like UpWork and Fiverr where you can offer your services and also get a chance to discovered by the people who need your skills.
Print and Sell Posters
If you are an artist or know how to use a camera, you can always start a drop shipping business that provides print-on-demand so that people can have a hard copy of your work. You should make sure that you do not use copyright material. You can use royalty-free content which is free to use for the general public.
If you are an online personality with a decent loyal fan base you can monetize your users to make your own business successful. Having an online famous persona really helps in bringing you different sorts of business.
One more good idea is to have your stuff showcased on popular websites which allow you to post your stuff. Doing this will increase unique engagements with the graphical content you have to offer and you might get a ring for a custom work done in the near future. This also eliminates the burden of arranging photoshoots yourself to brand your stuff.
Sell handmade goods
If you have a talent for making DIY candles, soaps, and sauces since you can start an online business by using your unique talent. You also have complete power over the product manufacturing process so you can easily handle the product flow also.
Most top sellers on Shopify began their business from homes as well and branched out to a full-time business once their products demand increases.
Be careful of the rules and regulations set for the handmade products before you take the initiative to sell them to the public because little mistakes can come to bite you later on.
These were some of the business ideas with low investments requirements that anyone can make work with hard work and passion put into it.