Every small business owner wants to make a profit. But it can be difficult to do, especially at the beginning. If you do not have a lot of money or resources to start your business, you can still expect to create a profitable business. You just need to choose the right idea.
Some Low-Cost Business Ideas
Here are some low-cost business ideas with high earning potential for you to start.
1. Affiliate Marketing
Affiliated merchants simply earn a small part of each sale they send to a brand. So you really don’t need anything to start. It may take some time to create an audience that really helps you win. But once it gets under way, it should be mostly benefit
2. Virtual Assistant Service
Virtual assistants help companies with everything from inbox management to social media publishing. You really only need access to a computer and Internet connection to get started. And you can earn even more if you have specific skills.
3. Online influence service
Influencers partner with brands to share their opinions about products and services with their audience. If you have a considerable number of followers on social networks or in a blog, this can be an easy way to contribute some extra money.
4. Work consultation
If you have business experience, offer your services as a consultant in which you provide information and guidance to other brands.
5. Recruitment
Many companies could also use the help to find the right candidates for specific jobs. You can do most of this online. And companies often pay a premium for recruitment services that can help them find high-level candidates.
6. Sales of electronic books
You can publish an e-book quite economically on platforms like Amazon. So, all the money you enter when you make sales is mainly profit.
7. Blogging
Starting a blog mainly requires the purchase of a domain and hosting. Then, once you develop a follow-up, you can earn money by offering brand-sponsored content, sidebar ads or affiliate links.
8. Podcasting
Podcasting offers a similar business model, but only in an audio format. You may have to buy some audio equipment. But in general it should not cost much.
9. Creation of videos on YouTube
YouTube allows video creators to get a share of the advertising revenue their content brings. With just a simple video team and time, you can accumulate enough followers to make a profit on that platform.
10. Membership website development
If you want to start a website but don’t want to offer all your content for free in the form of a blog, you can start a membership site where people pay a recurring monthly fee to access their content.
11. Drafting
Writers, you can work with contract brands to offer copywriting for websites, product pages or even advertisements.
12. Resume the service
If you have experience in helping people get jobs, there are many job seekers who would gladly pay for you to create resumes and cover letters for them.
13. Sale of online courses
For those with experience in a certain area, you can create an online course and charge a flat fee for people to access the course and take it at their own pace.
14. Sale of digital products
There are also many other digital products, from workbooks to designs to print, that you can create without a lot of money and then sell online.
15. IT support
Technology experts can also offer general technical assistance to customers. You can even offer this service online or by phone so you don’t have to pay for a location.
16. Resale of electronic commerce
If you want to start an e-commerce business, there are many products that you can buy at a fairly low price and then resell them with a profit.
17. Product license
For those who have a product idea, offer licensing rights to other companies so you don’t have to pay so much for development and manufacturing.
18. Real Estate Brokerage
As a real estate agent, you can earn money with every sale you make and attract additional agents that can increase your profits even more.
19. Bookkeeping
People with financial knowledge, really only need a computer and some accounting software to manage the books for multiple business customers.
20. Tax preparation
You can also help individuals and businesses during the tax season if you want to get a high profit in a short time.
21. Translating
If you know several languages, you can offer translation services for authors, companies and government organizations.
22. Stock Photo Sales
Photographers, sell your photos on photo sites for passive income. All you need is a camera and a computer with an internet connection.
23. Event Photography
You can also offer your services by photographing special events. People are often willing to pay a premium for things like wedding photography.
24. Meal Planning
Many consumers are very aware of their health and are willing to pay for their professional experience in things like meal plans. You can charge even more if you are registered as a dietitian.
25. Personal training
Or, you could focus on physical exercise and work individually with people looking to improve their workouts. Find a local gym where you can exercise or consider creating exercise plans for people you communicate with online.
26. Planned event
If you have strong organizational and planning skills, you can start a wedding or event planning business without a physical office space.
27. Vacation rental business
If you have a little extra space in your home or access to an additional house or apartment, offer your space on vacation rental sites like Airbnb.
28. Administrative property
Even if you don’t have your own space to offer, you could start a property management company where you help property owners in your area manage their tenants.
29. House and office cleaning
Starting a cleaning service really only requires some basic supplies and transportation. You can work with owners and companies, and hopefully build some recurring customers.
30. Detailing the car
Or you could focus on cleaning cars. People are often willing to pay decent prices for full detailed services.
31. Catering
If you want to start a food business, the catering service can be quite economical, since you only need a kitchen but not a space to eat. You can also charge a premium for certain types of events.
32. Food Truck Operation
Food trucks are also relatively inexpensive to get started, at least for food companies. And you can earn a fair amount by going to special events and high traffic areas.
33. Home remodeling
If you have experience as a contractor or maintenance staff, offer your services to owners who wish to remodel their spaces.
34. Landscaping
Landscaping can be another profitable company, since it only needs basic equipment and transportation.
35. Handyman Service
Many owners are willing to pay for small repairs or additions such as hanging curtains or patches. As a maintenance staff, you can keep yourself quite busy and avoid setting up a physical storefront.
36. Recycling service
You don’t need much of anything to start your own recycling service, mainly just a truck or van. You can charge people to pick up electronic items or other items that are sometimes difficult to recycle or dispose of.
37. Electronics Repair Service
For those who have experience in electronics, start a service where you fix the cracked phone screens of people or laptops that malfunction.
38. Sales of restored electronic products
Or you can buy damaged electronic devices from people at a reduced price, then renew and sell them at a profit.
39. Caring for the elderly at home
Many older adults need help with everyday tasks, from cooking and cleaning to running errands. Start a home care service and create a recurring customer base.
40. Pet sitting
If you love animals, offer to take care of or walk dogs or dogs in exchange for a fee.
41. Child care
People also pay a premium for quality child care these days. You can even start a daycare business where you take care of several children at once.
42. Exam Preparation Service
For those who have knowledge about a particular school subject, you can charge a decent amount to help high school or college students prepare for specific exams, from SAT exams to LSATs.
43. Life coaching
If you want to provide general help to clients, start a life coaching business where you work with clients one by one, either in person or online.
44. Call Center Operation
Running a call center may require a little more startup costs than others on the list. But you can execute some small customer service operations remotely. And many companies are willing to pay a premium so that their customer service operations are nearby.
45. Travel Planning Service
Although the travel agency business has undergone some changes in recent years, it can still offer planning and consulting services to companies and large groups without a lot of overhead.
46. Tour guide service
Or if you live in an area that is popular with tourists, you can offer a tour guide service or even sell guides oriented to specific activities.
