Yes, you heard that right. For the people who want to be their own bosses, but a tight budget is holding them back. There are a lot of almost zero or low investment business ideas that can be started. These ideas can be hobbies, skills, or passion projects that eventually evolve into business ventures.
Sad but true, the 9 to 5 job is not enough and satisfactory for most of us and instead of this some of us are more interested to hustle and develop a business which can assure a high return on a long-term basis. Whereas, it’s not everyone’s cup of tea to start a business from scratch and make it an empire. However, if you have the will to start your own business, there are many business opportunities that you can start with almost no investment, and earn profits.
These business ideas can also be for students with zero budgets, who are looking to develop a company from the ground-up. In a digital world, this becomes easier as there are more avenues for advertising and selling your own products or services. The concept of zero or low investment business opportunities might not seem pleasant or catchy at first, but they do provide safety and keep your bank account intact as long as you are willing to give your 100% in the venture. Most importantly there will be a lot of learning experiences about the business, you will get to know and understand the benefits and losses along the way. You may also need to invest some capital later to grow your business once you catch the flow. But these experiences are most important to have for an entrepreneur. It will help you to reach or take your business to greater heights.
Any challenges faced initially are only steppingstones to the overall experience that awaits: one that will prove to be positive, gets success. So if you are someone who does not have much to invest, but wants to start your own business and be the boss, here are 6 businesses you can start with no investment or a very little amount of investment.
1. Event Planning Services-
This business can be started with almost zero capital. All you would need is creativity and managing & planning skills and you are good to go. A certification or degree in event planning services can be an additional advantage of yours, however, it is not compulsory to have one. While your customer pays for all the expenses required in the event, all you need to do is plan the event and make sure that everything goes well to make it a success and memorable to the client.
2. Affiliate Marketing-
In this business idea, you can become any company's or brand’s affiliate and promote to sell the brand's products and services. A commission is always there based on the sales you made for the company. There is no need for inventory and this business is profitable. It is something that can be done both offline and online. You can also blend both online and offline tactics to build a customer network, and make good profits. But this domain is getting quite competitive these days.
3. Cloud Kitchen-
The food business never goes out of trend because the varieties of dishes and cuisines make the demand constant across the globe. And the concept of cloud kitchen may be new to some but it is a business that is sure to be profitable if done right in current times. You just need a kitchen where you will cook and register with online food delivery platforms that can deliver your food to your customers. You can also start your own virtual tutorial series online, in order to get the right audience for you and make huge profits
4. Repairing Services-
There is a constant demand for people who are good at repairing anything whether its a household stuff or any other gadgets. This business can never go out of trend. So if you are good at it, you can repair mobile, laptops or other electronic goods. Initially, you can start it at home with almost no investment except the repairing tools. You can start by giving your services on an online platform and earn per hour or as you find it profitable for you according to your services.
5. Data Entry Services-
With a heavy demand in many sectors, a data entry business can be a great idea for many. A lot of organizations outsource their data entry works to freelancers and data entry companies. It is a small business that can be started without investment with good profits. No specialized skills are required to be in data entry services. Basic computer knowledge and good typing speed is required. You can start doing it yourself and hire as you scale up in your venture.
6. Coaching Classes-
Coaching classes are one of the popular business ideas with no investment required. So if you have your concepts clear and feel that you can teach well, what’s holding you back then? you can open your coaching classes online or offline. Investment required is almost zero, and you can start teaching students at home itself and expand later. Depending on your skill, choose the age group and subject that you will teach, and get started. You can also start teaching your student through video conferencing. There are a lot of online platforms that can be used to teach students at their homes in current times.
Businesses with zero investment can provide great benefits when compared to other jobs. It is easy to start, but managing it constantly is the main thing you need to focus on. Without hard work, a strong mentality, and will, you probably will not succeed in any business. In making a business, you should know what business is right for you. You also need to know the risks that you will face in establishing the business.