Business Ideas: Zero Investment Businesses
With so many business ideas in 2021, it can be hard to figure out which are worth pursuing. While jumping on a new trend can sometimes be risky – it can also be highly rewarding. You may notice that a lot of the ideas on this list have been growing in popularity recently. Others have been popular for a long time, making them more competitive but less risky. However, all the small business ideas below will help make you money.
10 Best Low Investment Business Ideas
Are you looking to sell products online but don’t have the money to buy and store inventory? Consider dropshipping!
Dropshipping is an eCommerce business model in which you don’t have to manage any physical products.
All you have to do is set up an online store, and partner with suppliers who’re ready to store, package, and ship orders to your customers. What’s more, you don’t need to spend hours on product research because you can use dropshipping apps like Oberlo to find awesome products to sell.
2. Print on Demand
If you’re looking for successful business ideas to execute, try print on demand. This is when you sell your own custom designs on items like phone cases, mugs, and t-shirts, but don’t actually print the artwork. Instead, you collaborate with suppliers who print your design on the product – they’ll even package and ship the product to your customers, so you don’t have to worry about logistics. Also, you only pay once you have sold the products. One of the quickest ways to get started is to create a Shopify store and install a POD app like Printify. In terms of marketing, partnering with Instagram influencers to promote your POD items is an effective way to reach audiences. To evaluate whether print on demand is the right option for you, watch our video where we get into a healthy debate with Wholesale Ted (a print on demand company).
Multilingual people are always in demand, so if you can speak two or more languages, consider starting a small business where you can monetize those skills. You can start looking for clients on websites like Upwork and Flexjobs and slowly build your portfolio. Got only a few hours to spare each day? Translation is one of the best side business ideas to pursue. As you work successfully with more and more companies, you can hire more translators who specialize in other languages to take things off your plate. It’s also a good idea to market your business on social media websites as it can help you reach a wider audience.
4. Website Flipping
Website flipping is among the new business ideas that have got everyone from work-at-home to recent graduates excited. It involves buying an already running website, improving its design and content, and then selling it for a profit. There are quite a few places where you can buy and sell websites to earn a profit. Shopify’s marketplace Exchange, for example, allows you to buy ecommerce websites that you can further improve via content marketing, SEO, and other tactics. Once your site begins to generate more revenue than when you acquired it, you can list it for sale on the marketplace.
5. Home-Based Catering
If you have a knack for cooking and see it as a creative outlet, you can make a decent income by opening a home-based catering business. The initial investment depends much on how big you want the setup to be. For example, if you start with smaller events that you can manage on your own, you should be able to start your business for less. Most home-based caterers start by creating a website, experimenting with local food markets, or joining platforms that allow cooking experts to squeeze some profits out of their culinary skills.
6. Virtual Assistant
One of the most successful business ideas is to offer virtual assistant services. Everyone from large enterprises to solopreneurs require help with the day-to-day management of their business. You can use your excellent organizational skills to take some weight off their shoulders. Of course, you’ll get paid for the time and effort you put into answering emails, scheduling meetings, and performing other administrative duties. You can land your first few clients by responding to listings on platforms like FreeUp, PeoplePerHour, or Virtual Assistant Jobs. This is a proven business model as people are always looking for efficient virtual assistants.
7. Personal Shopper
Do you often get praised for your eye for fashion trends? Are you someone who friends and family come to for clothing advice? Personal shopping can be a business that builds on those skills. Personal shoppers find clothing items for clients who are struggling to find their personal style. Duties involve evaluating your client’s wardrobe, visiting websites and picking items that will suit them. There are all sorts of products on all kinds of online clothing boutiques, so you don’t necessarily have to shop offline to get this business started. Plus, you don’t need to hold any special certification or degree to become a personal shopper. If your interests lie in business ideas with low investment, personal shopping might be the ideal route to consider.
8. Online Tutoring
If you’re an expert in art, maths, or another subject, you can start the business of online tutoring. An essential prerequisite is having a bachelor’s degree in the subject you intend to teach, so make sure to cover this area before you start. You can find online tutoring clients on sites like Skooli and Tutor.com. For the best results, always teach subjects that relate to your area of expertise because you’ll be able to share your skills and constructive knowledge to enhance your students’ knowledge experience. You can deliver lectures and interact with your students over Skype, making online tutoring one of the easiest online businesses to start.
9. Greeting Cards
Greeting cards are always in style, so if you have a good eye for design or just love showcasing your artwork on physical items, this is one of the best creative business ideas for you. Before you can start looking for clients, you’ll need to have a handful of designs ready to go. Tools like Photoshop and Canva make it easy to create custom card designs. Additionally, you’ll need to stock up on supplies required to create greeting cards (ink, paper, etc.). Here’s a pro tip: if you want to keep costs low, buy your supplies wholesale. Once you have the inventory sorted, start generating revenue by marketing your business on Facebook, Etsy, and other similar platforms.
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. Popular websites for finding those first few customers include Remote.co, Problogger Jobs, and BloggingPro. You can also join content writing groups on Facebook to get more exposure for your business. There are lots of ways you can make a good impression on clients, such as by offering keyword optimization or custom graphics as part of your services.
Must Read About : Cryptocurrency Developement