The world has indeed become a small place owing to online businesses. One can easily launch any business with a few clicks on the computer. Many people, these days, prefer to start a business from home instead of strutting it out in the daily grind of life. Or they prefer to do so from an online portal rather than setting up a shop and other necessities. And there is an equal number of people who prefer to order their goods from online marketing sites. These days, people also aspire to do more. Online businesses often become a source of second income for some. Or a place to showcase one creativity and get paid for it!
So what about you? Are you planning to do an online business? But then maybe you don’t know how to go ahead because you got low investment capital. Well, worry not! This article will give you some low-investment ideas to launch your very own online business!
Read on to find out more!
The following are 7 ideas to start your business in easy, no inventory, and low investment options:
1. Blogger / Vlogger
If you are good at writing content and have interests or skills in a particular area, try your hand at blogging. Perhaps your expertise lies in gym wear, fashion, makeup, skincare and hair-care regimes or perhaps in cars, technology, food, travel. Well, you could blog or vlog it all down on your own blog. Vlogging would involve a few videos and also if you wish you could add written content to it. You could make money through advertising space and reviews of products on your platform.
2. Tutoring / Creating Courses
If you have a specialization in any subject, why not prepare courses on the subjects you know? It could be math, languages, social sciences, music or even DIY creative posts. These days, there is a high demand for virtual tutoring as many do not have the time or resources to go for tuition classes. You could start from school level subjects to higher education. It could be on any subject or topic your specialization lies in. Online sites have become a hub for learning. If you got the talent, then prepare courses and offer your services on online tutoring.
3. Design and sell ‘print-on-demand’ t-shirts and accessories
There is an ample demand for customized t-shirts. And there is also much demand for merchandise like tote bags, mugs, phone cases, greeting cards, posters, kites etc. You can make these print-on-demand items at a very cheap price and make a profit by starting your online business. If you think you won’t be able to print the pictures, then have a look at the following sites and think twice! Freelance sites like Fiverr, Upwork, Dribble, or 99Designs can help you find designers who could work on various designs as per the need. And if you don’t want to engage in finding designers, you could even use t-shirt mock-up templates for an economic benefit. Here you can print some great designs to get your customized print-on-demand items going at an absolute fractional cost.
Interesting to read: Build a T-shirt brand with no money
4. Write and publish a Book
Get creative! Pen down your thoughts and write a book and get your voice heard. Books can come in various themes – cookbooks, comic books, animation, study books, travelogues etc. Just like you would write a blog, you could do the same with writing books. An online platform such as Blurb is a great place to start with. There are multiple options wherein you could choose your type of writing and go step by step into putting in your knowledge and creativity. It is as easy as that! You could sell your books or journals or any other sort of writing individually or in bulk and also advertise your product for publicity.
5. Drop-shipping store
How about building a drop-shipping store wherein a third party, stores and sells product on your behalf? Your job would be to make the sales but the third party will handle all the products. You can maintain the website and when a customer orders any product on the list, the order is placed with the supplier who is also responsible for shipping the products to the customer. You will need to handle and maintain the website. This is one low investment option you would definitely like to think about.
6. Sell a service
How about building up a website that sells services?! Services like tutoring, tailoring, salons, babysitting, etc. need exposure and advertisement. You could build a website which promotes services and even do bookings and manage clientele for these services. You could even couple your service-based business with physical products which could give your income an additional boost-up.
7. Planner and Consultant
You could opt to become a virtual planner or consultant for various needs such as interior decorating, wedding, birthdays, trips, parties, events etc. There are many people who would love to organize parties or go on a long vacation but have no idea how to go about it. Offering services to plan and organize such needs is a great option for a low investment business idea! All you need is to set up a website and get going!
Thus, online businesses with low capital investment are quite possible. All it takes is merging your passion with these low investment ideas! So think no more and get your business started!