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Starting a new business can be quite challenging, especially after the pandemic. You have to choose a business idea that requires low investment but at the same time yields a high profit.
From my personal experience, I have been able to jot down a list of 9 such trending low-investment high-profit small business ideas. You don’t have to go to a bank asking for a loan to get started. Just your savings will do.
9 Low-Capital Business Ideas to Make you Fortunes
1. Freelancing
Freelancing is one of the most trending low investment high-profit small business ideas right now. More and more people are looking for freelancing work rather than a regular 9 to 5 job.
There is no shortage of freelancing work irrespective of what country you live in. You can start your freelancing business from the comfort of your home. You just need a computer with a fast internet connection.
Some of the best freelancing jobs where you can invest your time and money are writing, coding, designing, data entry jobs, teaching, virtual assistant, photography, website development, etc.
There are many popular platforms that provide all kinds of freelancing work. You can earn decent money depending upon the kind of work and the website you choose.
2. Blogging and Online Publishing
Blogging and online publishing are two very rewarding low investment ideas. If you have passion for something in your life, for example, traveling, cooking, singing, dancing, gardening, photography, animals, teaching, academics, activism, etc then you can start writing about the subject on your blog.
You can write blog posts each day or weekly and share them with the rest of the world. Once your blog starts gaining an audience you can monetize with ad platforms like Google Adsense and generate revenue.
You don’t need much capital to get started, just a computer with internet and a hosting service. Check out this article to learn how to get a free website, domain, and hosting.
3. Dropshipping with Amazon
By 2025, the eCommerce market in India alone is going to be valued at an estimated $200 billion. Now imagine what the global valuation will look like. If you play smartly then you too can get a share of this pie.
One of the great things about a dropshipping business is that you are neither required to buy products nor own a warehouse to store them. There is zero investment as far as brick and mortar is concerned.
You get orders and tell your suppliers (Like Amazon) to deliver the products to customers. You are basically just a middleman who earns a profit.
You can start selling merchandise like apparel, gadgets, books, furniture, home appliances, etc to customers online. You earn commission depending upon the category you are selling in, usually between 8% – 30%.
Just focus on building your site and then promoting it via social media. Once you have established yourself you will mint money doing very little. You can learn more about dropshipping by joining Jeff Smith’s online business coaching program.
4. Digital Marketing Consultancy
Digital marketing is all set to replace all other forms of traditional marketing like TV, newspaper, radio in the coming years.
In the last 10 years, digital marketing as a business idea has become quite popular especially among millennials. Some of the most popular digital marketing services that you can offer are
- SEO, SEM (Search Engine Marketing)
- Content and Video Marketing
- Email Marketing
- E-Commerce Marketing
- Web Analytics
- Mobile Advertising
SEO is one of the most important services in all of digital marketing. It would benefit you tremendously if you took some time to learn it. You can also very easily outsource the work to other professionals, or even hire your own employees and build a small team. You can continue reading this to advertise job openings in local newspapers, online job search platforms, social media, etc.
5. Human Resource Services
Starting a Human Resource management agency is also a low investment but very lucrative business idea. An HR manager’s job is to match suitable candidates with the job requirements.
However, to get new candidates you have to spend on advertisements. You can advertise job openings in local newspapers, online job search platforms, social media, etc. You have to spend money on advertisements.
You can run your day-to-day operations from your home. But if you have an office then it is much better. You will help companies recruit new candidates. In return, they will pay you a commission on each candidate you send them.
6. Domain Flipping
Domain Flipping could be an extremely lucrative business idea if you know how to do it. All you have to do is to buy the right domain names and then sell them for a profit to the highest bidder.
Many companies are willing to pay huge amounts of money for domains associated with their businesses. For example, in the past “voice.com” was sold for $30 million, “sex.com “for $15 million, and “hotels.com” for $11 million.
You have to choose and book futuristic domain names which could see a great demand in near future. The initial investment is pretty low as a domain name usually costs $10 – $25 only. You can buy dozens of them.
After you have bought the domain names you can list them on Flippa.com. Flippa is one of the largest marketplaces for websites and domains. Bidders are going to bid for your domain names and you will sell to the highest bidder. Millions can be made through domain flipping.
7. Stock Trading
Intraday trading or day trading is one of the fastest ways to make huge amounts of money online. However, if you don’t know the trick of the trades then you may end up losing your entire investment. You can learn about day trading by taking a course or even watching YouTube videos.
It just takes 5 minutes to 10 minutes to make a trade and earn profits (if you are on the winning side). But you have to invest a good amount of money if you want to get high returns.
To become a successful trader, you’ll have to do plenty of research. If you can dedicate 3 to 4 hours daily then you’ll eventually find a winning strategy for your investments.
8. Tutoring
You can start tutoring students online as well as offline. Due to the pandemic, many schools and colleges have been forced to offer classes online.
This has helped in the growth of online tutoring all over the world. You can tutor students online via Zoom and Google meet.
You can choose a subject of your expertise and conduct sessions online. Some of the subjects in great demand are English, Math, Social Science, Finance, Physics, etc. You can join tutoring platforms like Chegg, Tutor.com, etc, and start teaching.
9. Real Estate Agency
People living in a metropolitan city where real estate prices are high can sell and rent apartments on their client’s behalf and earn huge commissions.
You can either work for a company as an agent or start your own agency in a rented space. First, you have to build contacts to get new clients. You’ll also have to set aside a marketing budget.
Whenever a client buys or rents an apartment or house through you, you get paid from both sides. There are no fixed working hours for a real estate agent. You can choose your own schedule.