Are you tired of pulling your 9-5 day after day? Do you plan to capitalize on your skills and start your own business?
You may be thinking of starting a business, you would need a nice amount of money, and you may be right. If you are planning to start your own IT business or a beauty salon, you are out of luck as these business ventures require a large amount of money upfront.
But if you’re thinking of starting a business with little or no investment, we know exactly what you need.
Ready? Let’s dig.
7 low investment business ideas you should try
1. Startup Business
Kickstarter is a platform where a project creator sets a funding goal and deadline and asks their audience to pledge money for the campaign in order to make it happen. If the project reaches its funding goal and the deadline expires, the credit/debit cards of everyone who supported it are charged.
For many project creators, creating and managing a Kickstarter can be tedious and time-consuming, especially if the project creator is also working on making the items that will be shipped to backers.
If you like to handle things and have an affinity for talking to people, then building a business that runs a Kickstarter and Pledge Manager and BackerKit for new creators might be your jam.
2. Independent Writing
All businesses need writers to convey their mission and vision statements or ideas and beliefs to their audience, which may include ten people or ten thousand. However, not everyone can write the content these companies need.
For example, someone who reads and reviews fiction novels for a living may not be able to write impactful copy for a business website. So if they’re running a blog and want some eye-catching headers, they can hire someone to do it for them.
Likewise, a CEO who is busy struggling with constant meetings and appointments may not have time to write the self-help book they always wanted to write. Thus, a person who ghostwrites will be the perfect solution to their problem.
So if you’re good at putting words together, can write punchy headlines, and change your voice and tone to suit a client’s demands, then starting a freelance writing business may be the best option for you.
3. Lawn care
Due to the increasing pace of the world, shoppers have become busier than ever. This means they don’t have time to weed, garden or fertilize their potted plants, lawns or landscaping.
If you have a green thumb, love to garden, and have an unquenchable thirst for making gardens and lawns beautiful, then a lawn care business might be in the cards. You can start your lawn care business by offering weeding and fertilizing, hedge trimming, and flower or tree planting services.
4. Online courses
Online courses, such as those from Coursera, EdX, and Skillshare, are invaluable in enabling people around the world to learn the skills they need to get a better job, a higher salary, or live a happy life. For example, someone from Australia can learn Django or Ruby Red by joining a course created by a university in the US or someone at Skillshare.
Likewise, users can learn how to build apps in Python on Coursera, and optimize for SEO and human anatomy on EdX. There are a multitude of learning opportunities at your fingertips.
So if you have experience in a particular field, like copywriting or SEO marketing, or have an in-demand skill, then an online course might just be your new business. For example, if you’re a baking expert, you can host online classes and show your viewers how to bake and glaze cakes, make the perfect choux pastry, or whip the most stable buttercream.
Likewise, if you have experience in accounting, managing invoices or with a payslip creatoryou can also create a course around these skills.
5. Graphic design
Infographics, logos, gifs, e-book covers, digital paintings, and other digital arts fall under graphic design. Almost every industry uses graphic design – usually in the form of product images, brand logos, emojis and other digital art to generate and encourage customer interest.
So if you’ve been scribbling on your notebooks since the age of two, are adept at designing graphics, a literal font of ideas, and have the drive to raid the depths of your imagination, then a freelance graphic design company can fall in your baseball stadium.
However, graphic design – like business research – is niche-specific, which means there are many specific niches for graphic designers. For example, if you’ve worked on brand logos and product renders, you can target start-ups. Likewise, if you create digital paintings, you can target those who need paintings as book covers or banners.
6. Professional photography
If you love capturing beautiful moments, have a passion for taking photos, and have the knowledge to back up your interest, why not try selling your photographs online? However, photography is a specialized field, so you may need to advertise your services to a specific audience.
You can develop niche-specific photography and sell it on sites like Getty Images, Shutterstock, Alamy, and even Etsy! You could even hire 1099 independent contractors at yourke photos for you too!
7. Online tutoring
Almost all of us need help with some aspect of life, whether academic or practical. If you are an expert in a specific area, tutoring may be the option for you.
However, just like the last two business types on this list, online tutoring is also niche-specific, meaning you need to focus on one type of tutoring and then stick with it, at least initially. You can branch out later.
For example, if you have two biology degrees, you can offer tuition courses for struggling students in the foundation classes of most biology-related degree programs. Likewise, if you’re a senior who scored a perfect 1600 in your SAT and 36 in your ACT, you’re also qualified to teach juniors – provided you have the required teaching skills, of course!
Most of us want to start our own business – perhaps because the idea sounds heavenly to us, or because we believe that having more control over our lives will finally free us from the chains of responsibility.
Whatever your reason for wanting to open your own business, remember that you can build a low-investment business while maximizing your ROI and click-through rates. So if you’re tired of the constant drudgery of your 9-5 routine, consider trying out one of the slots we’ve mentioned above – you just might win the ticket of your dreams!
Passionate about music. Communicator. Social media specialist. Award-winning bacon scholar. Lover of alcohol.