Are you tired of your monotonous 9-5 routine? Are you thinking about starting your personal business?
If so, we’ve got you.
Many of us want to start our own businesses—maybe because the prospect makes us feel excited or because we think having control over every decision will be amazing (And it is!). Some even want to open their business because they have the requisite skills to satisfy their customers.
Yet, most of the time, not everyone is able to achieve their dream of creating or running a business, mostly because of a lack of funds. But not anymore!
There are several ways you can create a low investment business while maximizing your ROI and profitability.
Let’s check some ideas out!
7 Profitable Low Investment Business Ideas
1. Freelance Writing
Every business—and even students and teachers—need a writer to convey their ideas and beliefs to their audience, whether that audience is composed of one person or thousands. But not everyone can write well.
For example, a person who edits documents for a living may not be able to write evocative, easy-to-read, humorous content. So, they may have to hire someone to do it for them. Similarly, someone may want to write a book about something they’re passionate about but may not have the time to do so. A ghostwriter will be a boon to them.
So, if you’re skilled at writing, can create catchy headings, humorous lines, have mastered the art of making words say what you mean and mean what you say, then the best and most lucrative option for you will be a freelance writing business.
All you need is your writing skill, good research skills, a laptop or desktop station, a pair of good headphones (for talking to remote clients), and yourself.
2. Graphic Designing
Infographics, striking gifs, book covers, digital paintings, and other digital art fall in the domain of graphic designing. And almost every industry uses graphic designing in the form of logos, product images, and more to encourage customer interest.
So, if you’re skilled at graphic designing, meaning you are creative (a font of ideas!), skilled at drawing, and have a tablet on which you can create your designs, you’re good to go. However, as graphic design is a specialized field, you may have to advertise your services to a specific audience.
For example, if you have experience creating brand logos design, product renderings, and infographics, you could target start-ups. Similarly, if you have experience designing book covers or creating digital paintings, then you could target self-publishing authors.
There is a world of opportunities in graphic design. You just have to narrow down your niche and then work on it.
3. Electronics Repair
Changing a used-up light bulb is easy, but repairing the air conditioner unit when it breaks down? Forget it.
Not all of us are DIY magicians when it comes to electronics, so like everyone else without a particular skill, we have to call or go to a mechanic or repair guy/gal to have them fix whatever is broken in our houses. Not only are both these options expensive, but they are also inconvenient—especially when the mechanic or repair guy is busy with other work.
So, what can you do?
If you’re skilled at repairing electronics, have a degree or experience in fixing electronics problems, or are a DIY magician, then you should try setting up a repair business. You can also consider a mobile electronics repair service; it is one of the most profitable business ideas after all.
4. Lawn Care
The pace of the world is increasing, and people are busier than ever. This means that they have no time for landscaping, weeding, gardening, or fertilizing their gardens, lawns, or the free land around their house.
If you’re good at landscaping, like to tame the wild flora, and have a thirst for making places beautiful, then you should go for a lawn care or landscaping business. By doing this, not only will you be able to satisfy your clients but also create beautiful landscapes.
You can start your landscaping business by offering grass and hedge trimmings, weeding and fertilizing, planting flowers or trees, and then move on to actually shaping and remodeling lawns and gardens when your business becomes profitable.
5. Influencer Management
Influencer management is a fast-growing field, mostly because of the rise of TikTok, Instagram, and YouTube stars. And all these new stars need someone to manage their platforms when they get too big.
If you have experience in sales or marketing and have video creation or script writing experience, then creating an influencer management consultancy may be in your best interests. However, one thing to note is that to create this type of business, you may need to have connections in your industry.
You can start this business by offering digital platform management services. For example, you could take over the influencer’s platform, create captions, and edit videos for them. Over time, you could branch out into video and script creation as well.
6. Personal Training
Fitness is more important than ever due to the increasing rise of remote work. Hundreds of businesses are now utilizing remote candidates. While this is good from a business standpoint, it isn’t so great from a fitness one.
Remote work entails being chained to the desk for 8 hours at least, which means sitting for extensive periods of time. And research has correlated sitting for long periods of time with obesity, high blood pressure, and abnormal cholesterol levels. As a result of this inactivity, there is a higher demand for personal trainers than ever before.
So, if you like to exercise, impart knowledge, and help people learn about exercise, have a training license (or you can get one!), and have great interpersonal skills, then the personal training business will be good for you.
You can start by offering one-on-one training sessions and later branch out into providing meal plans and giving at-home sessions. However, something of note is that personal training is also a specialized field. For example, if you’re a yoga expert, you should teach yoga to people, and if you’re a powerlifter, you could assist people participating in powerlifting competitions.
7. Digital Products or Online Courses
Digital products and online courses—like those on Skillshare—are invaluable. They help people around the globe learn skills they need and want to. For example, someone from India can learn how to render images on Photoshop by taking a course created by someone in the U.S.
Similarly, people from all over the world can learn how to knit, sew, SEO optimize their content, create electrical circuits, and more by going through online content.
So, if you’re an expert at something or have a much-in-demand skill, then you could create an online business around that skill. For example, if you are an expert at Python or Laravel, then you could offer online courses to people who want to learn these languages.
Similarly, if you are great at baking or cooking, you could create online tutorials on YouTube and disseminate your knowledge to your audience. And if you have experience with a paystub generator or invoice maker, then you can provide payroll management videos to your audience.
Summing Up
Creating a business seems difficult because of the capital investment it requires. However, there are many ways you can start a business by capitalizing on your own skills and the equipment you currently have.
And as we have shown above, you don’t really need anything fancy to start your own business. So, if you’re tired of the 9-5 routine, try one of the tips above—maybe you’ll create a business that is both long-lasting and successful!