Small Business Ideas With Low Startup Cost

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Small Business Ideas With Low Startup Cost

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Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and startup costs and more on getting your ideas off the ground. Let’s get over the first major mental hurdle of “I want to start a business but I have no ideas.”

These 26 small business ideas are a great entry point for beginners, startups, or anyone with a busy schedule, and allow you to put business aside without having to drop everything.

To help you find inspiration to get you started, we’ve compiled a list of over 100 in-demand business ideas, divided into categories such as fitness, clothing and gaming.

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Whatever your type of business, you’ll need a good domain name (use our free domain name generator) paired with a great brand name and representative logo.

Buy stock, store it, pick it, pack it, ship it. Inventory management is a big commitment when you run a business.

Dropshipping is an easy and low cost business idea to start and the first of our good business ideas. Dropshipping is a fulfillment model where a third-party supplier stores and ships inventory to customers on your behalf. It’s one of the best businesses to start because it’s low overhead, hands-free, and scalable.

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You don’t need to manage any products yourself, just make the sales and pass the orders to your supplier. In fact, it is one of the fastest and cheapest businesses to start.

You can curate products from one or more suppliers in your own online store with 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 fills it on your behalf. However, you are still responsible for your own marketing and customer service.

There are local and overseas suppliers you can work with, as long as you can build a relationship with them based on trust – an unreliable supplier will reflect poorly on your brand.

Dropshipping is a great way to test product market fit and launch a business before investing in your own original products. Just make sure you always order a sample for yourself to make sure your supplier is reliable and the quality of the products is fit to sell to your customers.

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Another dropshipping model, print-on-demand, puts inventory, shipping and fulfillment in the hands of a third-party supplier. But unlike the previous dropshipping business idea, the focus here is to customize the products with your own designs to create something original.

T-shirts, hats, phone cases, hoodies, skirts, handbags and more become canvases for your creativity. You can come up with witty slogans for developers or references that resonate with cat owners; if there’s passion and pride within a community, there’s a potential t-shirt business you can start.

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Even if you’re not a designer, you can find one to work with on freelance sites like Fiverr , Upwork , Dribbble , or 99Designs .

With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than if you order in bulk. But the upside is that if a certain t-shirt design doesn’t sell, you still haven’t paid for the item (just the design, if you’ve outsourced it).

You can even use t-shirt mockup templates so you don’t have to spend extra money on a full photo shoot for each new design.

There are several 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 your custom products look good.

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A book is just another kind of product when you think about it. As such, you can create one to serve a particular market demand.

Cookbooks, picture books, comics, poetry books, photo books, coffee table books and novels – if you have the knowledge or the creativity, there are a variety of original books you can bring to market. The options are endless, which is why it’s one of the best small business ideas to get you started.

Print-on-demand is a relatively safe way to test the waters and get started with self-publishing. 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, costs naturally drop when you buy in bulk. Consider pre-selling or crowdfunding your book idea to ensure there is demand and guarantee a certain number of sales so you feel confident about placing a bulk order.

Launching your own book can be a great way to monetize a blog if you have or want to start one.

Digital products like music, courses, podcasts, and templates are unique to this list of low-cost small business ideas. Unlike the others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your margins can remain high, making it another no-brainer to be one of the best businesses to start.

The trick is figuring out what makes a good digital product. What is useful enough that people are willing to pay 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 increase their skill set in a particular field.

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 app that allows you to offer digital products in your store just as easily as physical products.

If you’re artistically inclined or know your way around a camera, you can submit it using a print-on-demand 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 print, or that you’re using public domain assets that you can freely monetize.

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If you already have an engaged online following (for example, you’re a cartoonist or urban photographer), you’re in an especially good position to try this small business idea.

Depending on the printer you work with, you can turn your work into products such as framed posters or wall art, even greeting cards. There are many low-cost digital templates and mockup generators like Placeit that you can use to showcase your products without having to print each item and do your own photoshoots.

In our free 40-minute video workshop, we’ll take you from product idea to building an online store to your first print-on-demand sale.

Having a mission to accompany a business and set aside some profits for a cause offers 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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Although many social enterprises offer their own original products, you can also take any of the above low-cost small business ideas and partner with a non-profit organization or run this social good with your own hands, always make it transparent. how it works.

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 .

The Give & Grow app makes it easy to partner with charities and incorporate your mission into your business. You can set it up to donate a specific amount or a percentage of sales, or ask your customers to add a donation to their purchase.

Offering services is not passive, but it can certainly be a lucrative way to gain self-employment. With service-based small business ideas, “time” is your biggest inventory and investment. You only have a limited supply of hours in the day. However, this makes it easier to get started if you have skills that are in demand.

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Writers, graphic designers, virtual assistants, SEO professionals, cleaning service providers, dog walkers, real estate professionals and more can build a business around their skills. Could you offer these

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