Top 31 Small Business Ideas with Low Investment and High Profit
Sep 24, 2023
Everyone aspires to be their boss and start a business. But, the first thing that comes to the mind of a person while starting a business is the capital requirement. An entrepreneur wishes to have a business where the profits are high, but the investment is not. Therefore, an entrepreneur struggles with various ideas to make the business flourish and be profitable.
Many low-investment ideas make the entry of beginners easy and glorious. These ideas can be taken by individuals as a side business without letting them drop their existing work. These businesses are a prominent opportunity for any person to earn good returns to showcase their talent and monetize upon them. The entrepreneur still needs to have a good plan for brand building, marketing, and customer service. Having good people and communication skills also helps a lot.
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Here’s a List of the Top 31 Profitable Business Ideas With Very Low Investments That One Can Start With:
1. Coaching Classes
If an individual has an interest, and expertise in any subject like a fever for Mathematics, chemistry with Chemistry, or knows a foreign language and likes teaching, they can choose to start their coaching classes with the mere investment of a whiteboard, marker, duster, and a room. After the business grows, they can expand the business and appoint other experts for other subjects. The coaching classes business is the one that never fails.
2. Catering Business
Be it a birthday party, anniversary celebration, wedding, or any other function, it is incomplete without good food. If a person has a passion for good food, all they need is a kitchen, big utensils to cook in, and some people to handle cooking, logistics, serving, etc. The catering business can never go out of fashion looking at the number of functions our country has. For starting a catering business, all you need is a small investment for which you can apply for a GST business loan from FlexiLoans.
3. Social Media Agency
In today’s digital era, most companies wish to expand digitally by advertising through digital channels and social media marketing. A person possessing adequate knowledge of marketing, communications, brand building, and social media can conveniently start their own social media agency. The requirements to start one are simply an office, a few computers, and some people.
Some Creative Business Ideas
A café is considered a good place for doing work by many and also a lot of events are held in cafes nowadays. People like to meet and greet in a café. A rented or owned, well-furnished café with a good ambiance and themed interiors is all that is needed to attract people. FlexiLoans provides business loans for a coffee shop.
5. Antique Store
People love having antique items or furniture, which have different shapes and patterns over their place or at their offices. So, an antique store business never fails if the entrepreneur nails finding the right audience for these antiques.
6. Interior Designers
If a person has a degree in architecture or design and has a passion for decorating houses, they can start interior designing. The real estate business in India is growing day by day, and the demand for interior designers has also taken an upward flow.
Business from Home Ideas
7. Handmade Chocolate Business
The demand for handmade chocolate has been increasing dramatically recently. Be it any occasion or even though there is no occasion, people love having chocolates with simple tools, raw materials, and a small investment. This business can take a boom and can start from home itself.
8. Tiffin Services
The demand for home-cooked food by the people who stay away from their homes is something to grab an opportunity for. Even the people who work and do not get time to cook create a significant part of the demand for tiffin services. Someone who can cook delicious food can start by providing tiffin services. The investment for this business is not huge, but the returns certainly are.
9. Hobby Class
This business lets a person enjoy while earning. Nowadays parents want their children to learn different things from their usual course books. A person who possesses any skills like dancing, singing, painting, origami, etc., can start a hobby class. The best time for this business is the summer vacation as the parents do not want their children to roam around outside in the sun.
10. Virtual bookkeeping and accounting:
With the increasing demand for virtual bookkeeping and accounting services, you can start a business offering these services to small businesses and individuals. You can use software such as QuickBooks or Xero to manage finances remotely.
11. Online tutoring and coaching:
With the increasing demand for online education, you can start a business of offering tutoring or coaching services in a variety of subjects such as math, science, or music. You can use platforms such as Zoom or Skype to deliver the services remotely.
12. Home-based bakery:
If you love baking and have a talent for it, you can start a home-based bakery and sell baked goods such as cakes, cupcakes, or cookies. You can advertise your business through social media or local marketplaces.
13. Pet grooming and care:
With the increasing number of pet owners, you can start a business of offering pet grooming and care services. You can offer services such as bathing, grooming, and walking, and cater to pet owners who value the well-being of their pets.
14. Virtual personal assistant:
With the increasing demand for virtual administrative support, you can start a business offering virtual personal assistant services. You can help clients with tasks such as scheduling, email management, and travel arrangements.
Part-Time Business Ideas
15. Party Planner
For every happy occasion in the family, people like throwing parties, be it a small party or a huge one. And if an individual has a keen interest in planning and organizing these parties and has a creative mind. They can start with the party planning business. The investment in this business is not high and can be fulfilled by an instant business loan.
16. Personal Chef
People who love cooking and have expertise in cooking different cuisines can start a business as a personal chef and generate income from the same. The investment in this business is limited to the cooking equipment and the ingredients that are not high priced.
If you have an eye for capturing beautiful moments, you can start a business of photography. You can offer services such as wedding photography, portrait photography, and event photography.
Low-Cost Business Ideas
18. Candle/Soap Making
Candle and soap making is an art, with the required materials and equipment if a person starts selling handmade candles and soaps in bulk. This hobby can be turned into a great business opportunity.
19. Career Counselling
If a person has good knowledge of career trends and the demands of various career options. They can provide career counseling for the same from their home. These days, parents like their children, meet career counselors to guide them in what career they can pursue.
Online Business Ideas
Blogs can be on any subject or simply about the daily life of the blogger and are posted online. The blogging trend has taken a boom in recent times as people love to write and read blogs, and it has gained high momentum for businesses by generating traffic.
21. Vlogging and Youtube Channel
Video blogging, or Vlogging, can help people grow their business and are affordable. These vlogs help in increasing brand awareness. The vlogs can be on any subject or can merely be daily life vlogs and can be monetized by uploading them on YouTube. Heavy investment in cameras and editing tools is also not required to shoot these vlogs though good shooting skills even, with a phone and good editing skills will help. Fine confidence in front of the camera is a must. The traffic on YouTube is witnessing an enormous spike day by day. YouTubers and brands gain immense influence over their viewers with their videos.
22. Freelance Writing
Freelance writing is a form of writing assignment that is done for payment. If a person likes writing on any topic, they can start with freelance writing. These contents can be written for website blogs, online articles, magazine articles, newspaper articles, etc.
23. App Development
If an individual has good software skills and knows how to solve any problem through a computer application. It can be turned into a profitable business. These apps can be sold to businesses which will help them to automate time-consuming tasks.
24. Affiliate Marketing
Affiliate marketing is something where one person refers others to buy a specific online product and when these people purchase that product based on the reference. The person gets a fixed commission for every product that is bought through the recommendation.
Rental Business Ideas
25. Car Rental Business
The car rental business has been in existence for a very long time. It has gained a lot of popularity recently. For starting this business, the investment required is limited to the ownership of the vehicles, which then can be rented for earning. To start this business, a business loan can be applied for easily.
26. Fancy Dress Renting Business
Starting a fancy-dress renting business does not require much of an investment. All that is required is different themed clothes that fit children. The demand for these clothes is very high for school-going children for events. This business has high returns and potential.
27. Equipment rental:
Renting out equipment such as construction tools, landscaping equipment, and power tools can be a profitable business idea. You can start small by renting out a few items and gradually expand your inventory as your business grows.
28. Party rental:
Renting out party supplies such as tables, chairs, tents, and decorations can be a great business idea. You can target individuals or businesses who need supplies for events such as weddings, birthday parties, and corporate events.
29. Vacation rental:
Renting out vacation homes or apartments can be a profitable business, especially if you’re located in a popular tourist destination. You can offer a range of properties from budget-friendly to luxury homes and target tourists who want a unique and comfortable experience.
30. Boat rental:
Renting out boats and watercraft can be a great business idea if you’re located near a body of water. You can offer a range of boats from kayaks to speedboats and target tourists or locals who want to enjoy the water.
31. Bike rental:
Renting out bikes can be a profitable business idea, especially if you’re located in a popular tourist destination or near a popular bike trail. You can offer a range of bikes from mountain bikes to electric bikes and target tourists or locals who want to explore the area on two wheels.
These 31 ideas were just the tip of the iceberg of starting a low-investment business. There are many more such ideas as cooking classes, fitness centers, boutiques, salons, custom gift stores, and recruitment services. Yoga classes, daycare services, carpooling services, etc., the profits of these businesses are high if the person can get the right audience for their business.
Even though the costs involved in running these businesses successfully, like marketing and operational costs, persist, the initial investment for these is easy to get. For making all these businesses successful basic people and networking skills are needed.
To choose an idea, a thorough study of that business is required, and if a person has become well aware of what he/she wants to start with and needs funds, they can apply for an MSME loan from FlexiLoans. The loan processing is very convenient and hassle-free. Do not let the requirement of funds be a roadblock to starting your business. Visit FlexiLoans for more information today.
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