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Best Small Business With Low Startup Cost
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Businesses To Start With $10k Or Less [2023]
Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and upfront costs and more on getting your ideas off the ground. Let’s get you through the first mental hurdle of “I want to start a business, but I don’t have an idea.”
These 26 small business ideas are a great starting point for startups, executives, or anyone with a busy schedule, allowing you to sidestep the business without giving up everything else.
To help you find inspiration to get started, we’ve compiled a list of 100+ business ideas divided into categories like fitness, clothing, and gaming.
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Regardless of your business type, you need a good domain name (use our free domain name generator) associated with a great nameanda brand representative logo.
Buy stock, store, pick, pack, ship. Inventory management is a big undertaking when you run a business.
Dropshipping is an easy, cost-effective, business idea to start and our first good business idea. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It is one of the best business to start because it is low cost, manual and scalable.
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You don’t have to manage any products yourself – you just have to make sales and send orders to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can turn products from one or more suppliers into your online store under a theme that focuses on a specific niche, such as gear for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your supplier, who fulfills it on your behalf. However, you are still responsible for your marketing and customer service.
There are both local and overseas suppliers that you can work with as long as you can build a relationship based on trust with them – an unreliable supplier will have a negative impact on your brand.
Dropshipping is a great way to test the suitability of a product for the market and start a business before investing in your original product. Just make sure to always order a sample for yourself to make sure your supplier is reliable and the quality of the product is right for you to sell to your customers.
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Excited to start a business but not sure where to start? This free, comprehensive guide will teach you how to find the best and newest products with high sales potential.
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Another delivery model, print-on-demand puts inventory, shipping and fulfillment in the hands of a third-party supplier. But unlike the dropshipping business idea above, the focus here is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, bags and more for your creativity. You can think of catchy slogans for developers or links that resonate with cat owners – if there’s passion and pride in the community, there’s a potential t-shirt business you can start.
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Even if you are not a designer, you can still work using freelance sites like Fiverr, Upwork, Dribbble, or99Designs.
With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than when you order in bulk. But the upside is that if a certain t-shirt design doesn’t sell, you haven’t actually paid for the item (just the design if you bought it outside).
You can even use shirt mockup templates so you don’t have to spend extra money on a full photo shoot for each new design.
There are a variety of print-on-demand platforms you can work with, many of which can be integrated with your store for seamless order fulfillment. However, be sure to always order a sample of your product (often offered at a discount) to make sure the products you order are good.
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When you think about it, a book is a different kind of product. Thus, you can create one to serve a specific need in the market.
Cookbooks, picture books, comics, poetry books, photography, coffee shop books and novels – if you have knowledge or creativity, there are a variety of original books that you can market. The options are endless – which is why it’s one of the best small business ideas to start with.
Print on demand is a relatively safe way to test the waters and start publishing yourself. It also allows you to control the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, ordering and distributing your own books as physical and digital products. You can also sell it on third-party marketplaces like Amazon or Powell’s.
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While you can order one book at a time, the cost naturally goes down when buying in bulk. Consider pre-selling or crowdfunding your book idea so there is demand and guarantee a certain amount of sales so you can be sure to have a bulk order.
Starting your own blog can be a great way to monetize a blog if you already have one or want to start one.
Digital products like music, courses, podcasts, and templates are unique on this list of low-cost small business ideas. Unlike others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your margins can stay high, making it another great no-brainer to start one of the best businesses.
The trick is to understand what makes a good digital product. What’s so useful that people are willing to download it?
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The answers range from original instrumental beats to stock photos that can be licensed to other creators to information products and templates that help people improve their skills in a specific area.
If you have a talent that can be turned into a digital product, consider packaging it into a new revenue stream.
Has a free digital downloads program that allows you to offer digital products in your store as easily as physical products.
If you’re artistically inclined or know your way around a camera, you can use a print business model to allow others to physically own a piece of your work. Just make sure you own the rights to the content you want to publish or use public domain assets that you can freely monetize.
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If you already have an online following—say, you’re a cartoonist or urban photographer—you’re in a particularly good position to try this small business idea.
Depending on the printer you work with, you can turn your work into products like posters or framed wall art, even greeting cards. There are lots of cheap digital templates and mockup generators like Placeit that you can use to showcase your products without having to print out every item and take your own photos.
In our free 40-minute video workshop, we’ll walk you through everything from a product idea to setting up an online store to getting your first print-on-demand sale.
Having a mission combined with a business and setting aside some profits gives social entrepreneurs a unique way to position their company in the market while addressing the issues that matter most to them.
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While many social enterprises offer their own products, you can also use any of the small business ideas above and partner with a non-profit organization or do this social good yourself, as long as you are transparent about them. . how does it work
As part of your marketing, you can share the impact your customers are having by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
TheGive & Grow app makes it easy to partner with charities and incorporate their mission into your business. You can set it to donate a certain amount or percentage of sales, or ask your customers to add a donation at checkout.
Offering services isn’t passive, but it can certainly be a lucrative way to gain self-employment. With small business ideas based on services, “time” is your inventory and your biggest investment. You only have limited hours in the day. However, if you have skills that are in demand, it will be easier to find and work.
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Writers, graphic designers, virtual assistants, SEO practitioners, cleaning service providers, dog walkers, real estate professionals, and more can build businesses around their skills. You can submit these
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