20 Business Ideas With Low Investment That Could Make You Rich

One of the best ways to become self-employed or make a second income is to start your own business. While starting a new business often requires a large investment, there are business ideas with low investment that you might consider.

Understanding the options that are available to you can help you find a business idea that you can start quickly and also appeals to you. This article looks at the different low investment business ideas and how to start your own.

What Is A Low Investment Business?

A low investment business is a business that requires small capital to set-up. Instead of worrying about cost of logistics and start-up, these kinds of businesses allow you to concentrate on getting into operation as soon as possible.

Although low capital businesses still need work and tenacity to succeed, their start-up costs are lower than those of some other kinds of businesses. Low investment businesses are helpful if you need a second income stream to support your main source of income.

Why Start A Low Investment Business?

Starting a low-cost enterprise can be a good idea if you want to increase your income or are between jobs. It enables you to start making money even if you initially have a small capital.

It may be possible to use these businesses as your primary source of income as it develops. Running a business of this nature also enables you to work independently and remotely.

20 Business Ideas With Low Investment

There are a lot of businesses that you can start with small capital. The best option depends on your strengths, hobbies, and time availability. The following are some popular businesses that you can start today with small capital:

1. Home tutor

Home tutoring is ideal for you if you are good at teaching a particular subject and love sharing your expertise. This business idea is for current or former school teachers. One criterion is to understand the national curriculum for the subject you are interested in teaching.

It is important to decide on whether you’ll be teaching in-person or online, at your house or your students’ houses is also beneficial. Then you can promote your tutoring services. If you decide to visit students’ homes, you must additionally pay for travel expenses. In most cases, you need little or no capital to start a home tutor business.

2. Dog walking

20 Business Ideas With Low Investment That Could Make You Rich
Dog walking

If you love animals and enjoy being outside, I think a dog walking business could be appealing to you. Ensure you have the right insurance before you get started, and spend money on fliers, mini business cards, promotional jotters or online adverts to sell your services.

Once you establish a solid clientele, you may quickly recoup your investment as a dog walker by charging high fees for your services.

3. Cleaning

20 Business Ideas With Low Investment That Could Make You Rich

Cleaning services are high in demand for both commercial and residential premises. Small cleaning business owners with many staff often specialise in cleaning commercial premises. However, those who work alone specialise in cleaning residential premises. In this kind of venture, your initial capital will probably go toward some marketing and necessary cleaning materials.

You can also decide to invest in transportation so you can travel with more equipment or cover a broader service area. Cleaning is local enterprise, so one effective strategy to get clients is through door-to-door flyers.

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3. Amazon Kindle Publishing

Can you possibly earn money from your writing while you sleep? Yes, you can, courtesy of Amazon Kindle Publishing.

This is how it works: You will write a book and upload the book to Amazon Kindle Publishing. Upon receiving the book, Amazon will review it. Then, readers will be able to buy your book on Amazon once it has been approved.

Amazon will keep a fixed percentage of the proceeds from the sale of your book and give you the remaining funds. The Amazon KDP program is scalable and can generate passive money if used properly.

You will need a laptop for the Amazon KDP program. But if you don’t have one, don’t worry because we have Amazon KDP for smartphones.

4. Daycare

20 Business Ideas With Low Investment That Could Make You Rich

Are you good with children? Why not start a daycare business to help relieve the burden on busy parents?

Starting a daycare center can be rewarding and fulfilling. Additionally, it doesn’t require a big start-up capital. You can even get started from the convenience of your home. Remember that opening a daycare may need you to obtain permission; therefore, research this before opening one.

5. Blogging

Is blogging still a viable source of income today? The quick and easy response is “yes.” Blogging is one of the businesses you start with low investment. To be a successful blogger, the first step is to find a low competition niche and target it aggressively. Without a doubt, persistence and patience will pay off.

One good thing about blogging is that it is very inexpensive to start. With less than $60, you can own a blog. For instance, I started my first blog in 2018 with just $1 which is the cost of a domain name, since I started with free hosting from BLOGGER. I earn over $500 monthly from my blog.

One of the ways to earn from blogging includes AdSense, sponsored posts, affiliate marketing, link insertion, selling ad space, etc. Blogging is a great business idea for students, stay-at-home mothers, and other entrepreneurs.

6. Affiliate Marketing

Anyone searching for a passive income, including people with 9–5 jobs and stay-at-home parents, should consider affiliate marketing.

How does affiliate marketing work?

To get started with affiliate marketing, find an easy-to-sell physical or digital product, promote it by driving traffic to that product, then you wait to see if you can generate sales. You receive a commission for each unit of the product that is sold.

You need to buy affiliate marketing software to set-up and automate the entire process.

7. Food Delivery Service

20 Business Ideas With Low Investment That Could Make You Rich

It can be challenging and expensive to open a restaurant. From the restaurant design concept to the utensil color and pattern selection, there are just too many factors to consider.

If you’ve been considering starting one but lack the capital, consider starting a meal delivery service within your city.

This is how it works: you prepare delicious meals at home and then deliver the food to your clients either in their homes or at the office whenever they make an order. To operate this kind of service, you could need permission and courier insurance, depending on the city’s regulations.

8. Sell print-on-demand items

If you have an entrepreneurial spirit, you can establish a print-on-demand company. You need some publicity so that customers can opt to have your designs printed on posters, greeting cards, prints, and other products. You can use a variety of printers, and you only have to pay to print when a customer places an order.

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9. Selling handcrafted products

Selling handcrafted items is a business idea for woman with little capital that can be appealing to creatives. This category includes anything you manufacture by hand, including knitted goods, homemade soap, candles, and greeting cards.

You may already have the products you want to sell, or you may decide to spend money on the supplies and equipment needed to make your stock. You may use an established sales channel to sell your products, or invest in social media marketing.

10. Selling vintage clothes

If you are a fashion enthusiast, you might consider starting an online vintage clothing business. It doesn’t necessarily mean you should start big, you can start small with little capital and expand as you get more customers.

To start, all you need is to find where you will buy your stock at cheaper prices so you can make enough profit. Also, you need a place to store your goods. If you can’t afford to rent a storage facility, then you should store them at home.

11. Starting a dropshipping business

A dropshipping business is one of the cheapest and easiest ways to start your business with little investment. You don’t have to own the product or a storage facility to start. Just get a reliable supplier who will be in charge of storing and shipping the products whenever there is an order from a customer.

Since you’re in charge of marketing and customer support, it’s important to have a solid relationship with a dependable supplier.

12. Mobile salon and beauty services

20 Business Ideas With Low Investment That Could Make You Rich

Mobile hair and beautification services is another business idea that you can start with small capital. As a mobile service business, you don’t have to pay for a shop since you will render services at people’s homes.

To run one of these businesses, you must have the necessary credentials. Your investment will primarily go toward marketing, equipment, and possibly some travel. One good thing about this idea is that you are free to choose how far you are willing to travel to offer your services.

13. Social Media Management

If your business is not on social media, then you are missing out on a lot of sales and money too.

It’s no surprise that many businesses are vying for dominance on social sharing platforms, given the importance of having a strong online presence in today’s digital business landscape.

Managing social media accounts for busy businesses and helping them create content is another way you can turn this into a profitable venture.

14. Freelancing

You can start freelancing if you are skilled in copywriting, graphic design, content writing, etc. You can promote your services and get clients on a number of online platforms for freelancers, such as Upwork, Fiverr, Freelancer, Toptal, LinkedIn, etc.

Depending on the type of service you provide, you might not even need to buy new equipment to start. Investing in marketing your services will make clients find you easily. Working as a freelancer is a low-cost way of starting a business using the knowledge and experience you already have.

15. Virtual assistant

The virtual assistant is another business idea with little investment. You can start this business if you have administrative experience. Virtual assistants help their clients with a variety of administrative tasks, including data entry, equipment ordering, and research. You can market your skills on specialized online platforms, or possibly join a virtual assistant agency.

16. Equipment rental

You might start a business by renting out your high-quality equipment to other companies if you have it for a particular industry, like professional cleaning. Sometimes renting equipment is less expensive than purchasing new equipment.

Rental businesses can charge comparatively high prices for their equipment, therefore your investment will pay off well. With the exception of marketing, you might have all the equipment you need to start or decide to buy additional. Consider the fees involved with equipment maintenance if you’re renting it, because this is typically your duty.

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17. Teaching English Online

There is a growing need for English teachers all around the world. If you are a fluent English speaker and have a strong internet connection, you may capitalize on this demand by starting an online English teaching business. You can connect with prospective clients across the world through platforms like VIPKID.

18. Music lessons

20 Business Ideas With Low Investment That Could Make You Rich

For those with music talent, teaching people who want to learn a musical instrument is a great way to make extra income. You can start this business from your home or online, then you move to a rented location as you make more money.

The money you are going to invest in this business is basically for equipment. Although your students will come for lessons with their own equipment, unless you are teaching piano.

Stock up on songbooks or sheet music in a variety of genres for different skill levels so that you can offer a wide selection to your potential customers. You will definitely make a lot of money if you advertise your voice lesson services to the community theater groups and high schools in your area.

19. Laundry services

People wear and wash clothes every day. Some are available to do their laundry themselves, while others can’t because of their busy schedule and sometimes, due to the nature of fabrics.

If you are good at washing and ironing clothes, this business is ideal for you to make extra income and even turn it into a full-time job. You don’t have to start big, you can do the laundry from the comfort of your home with your washing detergents and a good pressing iron.

You can buy other equipment like washing machines and even employ workers as your business grows. To start, you can go to people’s homes and tell them of your services or print flyers and business cards.

20. Ice-Cream Joint

20 Business Ideas With Low Investment That Could Make You Rich

This can be the ideal choice for you if you’re seeking for side-hustle ideas. You can make good money by opening an ice cream shop or kiosk. Whatever puts you in more money, you can have an ice cream stand, mobile or fixed.

People enjoy trying out different varieties of ice cream flavors. On your social media platforms, inform your audience of new ice-cream flavors, exclusive deals, etc.

Conclusion

If you are running out of ideas, consider any of the 20 business ideas with low investment shared in this article. Starting a small business and making it successful can be challenging but also rewarding. Millions of entrepreneurs have tried these business ideas and they are successful, thus you know you’re investing your time and energy on something that is both practical and proven.

You should keep in mind that there are many options to make a good living, whether you’re a student, a parent who works from home, or someone else trying to start a business.

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