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Top 10 Small Business Ideas With Low Investment
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 you over the first major mental hurdle of “I want to start a business but I have no ideas.”
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These 26 small business ideas are a great entry point for beginners, bootstrappers, or anyone with a busy schedule, allowing you to start your business without having to give up everything else.
To help you find the inspiration to get started, we’ve compiled a list of 100+ in-demand business ideas, divided into categories like fitness, apparel, and gaming.
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Buy inventory, store it, pick it, pack it, ship it. Inventory management is a big commitment when running a business.
Dropshipping is an easy, 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 is one of the best businesses to start because it is low cost, seamless and scalable.
You don’t have to handle any products yourself — you just have to make the sales and pass the orders on to your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can curate products from one or more vendors 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 fulfills it on your behalf. However, you are still responsible for marketing and customer service.
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There are both local and foreign suppliers that you can work with as long as you build a relationship with them based on trust—an unreliable supplier will not impact your brand.
Dropshipping is a great way to test market fit and start a business before investing in your own original products. Just be sure to always order a sample for yourself to ensure that your supplier is reliable and that the quality of the products is suitable 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 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, tote bags and more become canvases for your creativity. You can think of witty slogans for developers or quotes that resonate with cat owners—if there’s passion and pride in a community, there’s a potential t-shirt business you can start.
Even if you’re not a designer, you can find one to work with using freelance websites 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 ordered in bulk. But the upside is that if a particular t-shirt design doesn’t sell, you haven’t paid for the item yet (only the design, if you outsourced it).
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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 a variety of print-on-demand platforms you can work with, many of which can be integrated into 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.
A book is just another type of product when you think about it. Therefore, you can create one to serve a specific market demand.
Cookbooks, picture books, comics, poetry books, photo books, coffee table books, and novels—if you have the knowledge or the creativity, you can bring a variety of original books to market. The options are endless – which is why it’s one of the best small business ideas to get you started.
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Print-on-demand is a relatively safe way to test the waters and get started with self-publishing. It also gives you control over 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 could also sell it on third-party marketplaces like Amazon or Powell’s.
While you can order one book at a time, the cost naturally goes down 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 can be sure of placing a bulk order.
Publishing your own book can be a great way to monetize a blog if you have or want to start one.
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Digital products like music, courses, podcasts and templates are unique to this list of low investment small business ideas. Unlike the others, they are not tangible. There are no recurring manufacturing or shipping costs to worry about, so your profit margins can stay high, making it one of the best businesses to start.
The trick is to understand what makes a good digital product. What is useful enough that people are willing to pay to download it?
The answers range from original music beats to stock photos that can be licensed to other creators to information products and templates that help people improve their skill sets 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.
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Has a free Digital Downloads app 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 outsource using a print-on-demand business model to let others physically own a piece of your work. Just make sure you have the rights to the content you want to print, or you’re using public domain stuff that you can freely monetize.
If you already have a dedicated online following—say, 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, and 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 photography.
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In our free 40-minute video workshop, we’ll take you from product concept to building an online store to your first print-to-order sale.
Having a mission to keep up with a business and set aside some profit for a cause gives social entrepreneurs a unique way to position their company in the market while addressing the issues they care about most.
While many social enterprises offer their own original products, you can also take any of the low-cost small business ideas above and partner with a nonprofit or run this social good yourself, as long as you’re transparent. 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.
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TheGive & Grow app makes it easy to partner with charities and integrate your mission into your business. You can set it up to donate a certain amount or percentage of sales, or ask your customers to add a donation to the fund.
Offering services is not passive, but it can certainly be a profitable way to gain self-employment. With service-based small business ideas, “time” is your commodity and your biggest investment. You only have a limited number of hours in your day. However, this makes it easier to get up and running if you have skills that are in demand.
Writers, graphic designers, virtual assistants, SEO professionals, cleaning service providers, dog walkers, real estate professionals and more can build a business around their skills. You could offer these skills as an ongoing service or start a consulting business providing project advice.
It is one of the best business opportunities because it can be expanded with any of the above ideas to create additional revenue streams by “producing” services through physical or digital goods.
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