Starting a business can seem like a mountain of a task. Contrary to popular belief, there are actually many ways to start a business that let you focus less on the logistics and upfront costs and more on getting started. You still need to come up with a solid idea, build a brand, put effort into marketing, and provide excellent customer service. Here are the 20 low investment business ideas you can start today.
1. Baby Sitting/House Sitting
Even with home security systems, homeowners may want the additional peace of mind knowing that someone is on the premises to keep an eye on their home and possessions. That’s where the idea of baby sitting and house sittings comes in. Although babysitting is not a new business venture, the earning potential, as well as the technical aspects of the business have increased exponentially in recent years. House-sitting is an ideal business for making extra money while working at a full-time job.
2. Pet Walker As Low Investment Business Ideas
In an ever busier world, the demand for pet walking services has never been higher. As a consequence of this huge demand, professional pet walkers have sprung up in recent years and now you can join them by combining your passion for pets with your own business.
3. Daycare Center
The demand for child care services steadily increases as more and more women enter the work force, giving up the traditional role of full-time mother and homemaker. That need is creating a tremendous entrepreneurial opportunity for people who love children and want to build a business caring for them.
4. Personal Assistant
Personal assistants should be personable, detail-oriented and reliable. You should be proficient in taking care of details and should be extremely organized. If these qualities describe you, then starting a personal assistant business might be a good career move for you.
5. Social Media Marketing
Social media became an affordable, vital marketing strategy for businesses of all sizes. Starting a social media marketing business might be a good fit for you if you have knowledge of digital marketing and also enjoy spending time on social media.
6. Manufacturing Pickles As Low Investment Business Ideas
The pickle business is a great business idea to start ones entrepreneurial journey, especially in the food business. A pickle business is easy to start and run because the pickle making procedure is straightforward, the equipment and space required being minimal and as a result investment needed is also very low.
7. Handmade Chocolate
Chocolates are something that everybody loves to have anytime. Chocolates are the delicious cure to a bad day. The homemade chocolate business is profitable as people are shifting more towards homemade chocolates. According to National Association for the Specialty Food Trade the industry is booming and generating billions of dollars in profit. If you are familiar with making chocolates at home than you can start your business and can sell homemade chocolates with your brand name with a very low investment.
8. Baked Goods Selling
It’s hard to pass through a town and fail to notice the pastry shop. Baking business have been around us for a long time. Baked products have find their place in parties, casual dining, leisure breaks, and even in corporate events. With the increasing demand for such services, there is an immediate need for home bakers to seize this opportunity.
9. Organic Soap Making
The beauty and personal care industry has been growing exponentially in the last five years. With increased awareness and more stress on healthy and sustainable living, and increased understanding of the use of naturally found ingredients, the demand for organic products is on the rise, including soaps. Therefore, it’s a great time to start your own organic soap making business with a very low investment.
10. Meal Prep Planning
A meal prep service offers nutritious and healthy food, according to the customers’ choice of ingredients, style of preparation, as well as their choice of menu. That is precisely why it is a business idea with high possible returns. If you love cooking then you can start your own meal prep planning business and that too with a very low investment.
11. Language Classes As Low Investment Business Ideas
Languages are the central theme of communication in every aspect of human endeavor. With the increasing demand for learning new language is on the rise, it can be very good business plan for many. If you are proficient in any language or maybe multiple languages, then you can offer your own language learning class, which require a very low investment.
12. YouTube Channels As Low Investment Business Ideas
YouTube is a leading platform which has given wings to various artists in different genres. It is also one of the low investment business ideas out there. YouTube has gradually developed itself into a platform for building a successful career, one that is both exciting and creative. So, if you feel that you have it in you, don’t hesitate, just ideate, create and shoot.
13. Collectibles/Antique Trading
The prospect of owning an antique shop is always one that scores quite high on the list of dream businesses to run. If you love collecting various things and love trading with others, then it is a very good business idea to start with. Typical running costs of these types of businesses is very low, so worth a try.
14. Library Service As Low Investment Business Ideas
Do you love reading and sharing books with others? Why not start your own library service for your area? You can start with a small library, which requires you to buy a few dozen books. Many books are very expensive so if you already have those books with you, then you can start a library and lend your book to others by charging them a small fee. Still not convinced? See how much profitable it can be from here.
15. Tutoring School Going Children As Low Investment Business Ideas
Tutoring is needed at all levels of education on a variety of topics. A tutoring business is also very easy to advertise. The demands for online tutoring is rising exponentially. If you’re looking for an easy and low investment business idea, which you can start quickly, tutoring is worth considering.
16. Translator As A Low Investment Business Ideas
A translation business provides translation services for a variety of different types of documents while maintaining the confidentiality of their clients. If you are fluent in more than one language and can translate from one language to another, a small business providing translation services could be the perfect small business for you.
17. Karaoke Services
Karaoke is a fun activity enjoyed by people of all ages and in all types of settings. Karaoke has been around for decades and likely will be for many more. If you enjoy singing, making people laugh and meeting new people, starting a karaoke business could prove to be a fun, rewarding and low investment business option.
18. Enamel Pin Manufacturing
Enamel pins have exploded into the fashion world and entrepreneurs everywhere are wondering how to make enamel pins themselves and hop on the trend. Making your own enamel pins is easy and a low investment business idea, so it’s time to get selling! If you’re a creative person, now it’s time to share your creativity with the world.
19. Plastic Recycling/Upcycling
Plastic recycling is one of the most thriving businesses that an entrepreneur can start and conserve the environment. The best part is that it is also one of the low investment business ideas out there. See how companies around the world are successfully using this technique to turn the trash into profit, from here.
20. Scented Candle Making
On the last of our list, it is starting a scented candle making business. Founding and operating a candle making business makes you both an artisan and an entrepreneur. The cost of making candles is low and the process isn’t labor intensive. Margins are high, even if you use quality natural waxes and scents instead of paraffin.
So now you have it! These are the 20 low investment business ideas you can pursue in 2020. These low investment business ideas make a great entry point for beginners, bootstrappers, or anyone with a busy schedule, letting you pick up a side business without having to drop everything else. Thanks for reading!