The thought of starting a new business surely seems like a huge deal given the time, money, and risk involved. However, there are a lot of low investment business ideas that can serve as a great entry point for rookie entrepreneurs, bootstrappers, or anyone who is looking to set up a side business.
People now have come to an understanding that there are many ways to start a business by focusing less on the logistics and upfront costs and more on how to get it started.
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We’ve listed 10 low investment business ideas that you can start easily online.
10 Low Investment Business Ideas
#1 Print On Demand T-shirts
T-shirts have been an important part of wardrobes across the globe for a long time. Its popularity is what attracts a lot of entrepreneurs to start their own T-shirt businesses.
All you need is an interesting idea to print on T-shirts. Every consumer has something that they relate to. Be it their pets, movies or TV shows they watch and its characters, or even their own community, beliefs, zodiacs and so on.
There is a vast pool of random things that you could print on a T-shirt and still get people to buy it. Even if you can’t design it yourself, you can hire designers.
Print-on-demand service, allows you to pay per product. It means that you are paying for the T-shirts only if they get sold, except for the design if you outsourced it.
There are also options of T-shirt mockup templates which saves you the money of spending on a full photoshoot for every new design. There is a ton of print on demand services available online that you can collaborate with to start your online new t-shirt business.
#2 Digital Products or Courses
Music, courses, and templates are digital products that are unique and intangible. Since recurring manufacturing or shipping costs aren’t involved, your margins can remain high.
You just have to identify a useful digital product that people would be willing to pay to download.
Original instrumental beats, stock photos, information products, templates, plugins for various software, animated texts for presentations and videos, album arts, are all kinds of such digital products.
If you have a talent that you can convert into a digital product, you just need to think about packaging and selling it online.
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#3 Partner With A Dropshipper
In a dropshipping model, there’s a third party supplier that stores and ships inventory to customers on your behalf. You just need to make the sales and pass the orders to your suppliers without handling the products yourself.
You can curate products from supplier/s into your online store under a theme focusing on a specific niche, like products for cat owners or gear for yoga enthusiasts.
When a customer buys a product, the order is sent to your supplier who takes care of its fulfillment on your behalf. Even though the drop shipper takes care of the order fulfillment, you will need to take care of your marketing and customer service yourself.
You can work with local and overseas suppliers based on the relationship and trust you build with them. It is one of those low investment business ideas which help you test product-market fit and also launch a business before investing in your own original products.
#4 Launching Your Own Book
If you’ve got the right knowledge or creativity, there are a variety of original books that you can launch into the market like, comic books, poetry books, cookbooks, picture books, novels, etc.
While you can go for print on demand publishing for books, costs naturally reduce when you buy them in bulk. You can opt for crowdfunding or pre-selling your book idea to make sure that there is a guaranteed demand for a certain number of books.
Launching and selling your book is also a great way to monetize your existing blog or even start one.
#5 Charitable Business
A unique way for social entrepreneurs to position their company in the market while addressing issues that they care about is setting aside some profit for a cause or mission along with the business.
Consumers are inclined to buy products from a business that is associated with a good cause. You can offer your original products or also partner with a non-profit organization as long as you have faith in its authenticity.
You can use blog posts covering your work in the community or also a real-time impact calculator on your site as part of your marketing. It could give your customers an understanding of the impact created by them supporting your business.
#6 Print On Demand Posters & Greeting Cards
You can use the print on demand model to sell your work by dropshipping. If you are a photographer, cartoonist or a different kind of artist, you can simply convert them into products like posters, wall frames, greeting cards, etc.
You might already have an online following for your art. If you don’t, you can consider building a strong online presence with Instagram to build your following and then convert it into a business where your followers also get to buy your products physically.
#7 Sell A Service
When it comes to selling a service, your biggest investment and inventory is your “time” and “skill”. You can build a business around your skills if you provide services like blogging, designing, photography, nutrition guidance, fitness training and so on.
You can then expand it to generate additional revenue by “productizing” your services through digital or physical goods. For example, a photographer can cover a local event while selling prints online.
By coupling your service business with physical products you can create an additional revenue stream and is one of the easiest to execute low investment business ideas.
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#8 Handicrafts & Homemade Products
If DIY is your thing, you can consider starting an online business with it. Soaps, sauces, candles, pottery products are the kinds of things you can create at home and sell them online.
In this business idea, you might have to consider shipping and inventory management. But you can start easy on a per-order basis or creating and selling small batches until you start getting consistent demand.
If your products involve eating, inhaling or application to the skin, just take care of the necessary regulations beforehand.
#9 Online Fashion Boutique
If you are a fashion geek and people rely on your fashion sense, you can consider having your own online fashion boutique. You can simply curate items from vendors into your online store using the dropshipping model.
You can use one of the many product sourcing apps available online to build your fashion brand, with product photos and social media posts to become an online trend-setter.
#10 Growing An Audience
Today’s world is highly dependent on social media and one of the simplest low investment business ideas is to use your social media following to generate revenue.
You can do sponsored posts on behalf of other brands, become an affiliate, sell physical or digital products using any of the above ideas or even do a combination of these things.
To start off you don’t even need millions of followers. You can start with just a couple of thousand genuine followers, and with time your business and followers both will grow together.
It isn’t a child’s play to just start a low investment business without putting in some real effort. You need to come up with a strong and unique idea, build your brand, concentrate on its marketing, and provide efficient customer service.
But the areas where you can avoid spending money and time are the traditional startup costs, such as retail space, initial inventory, and warehousing. And if you can find the right products to sell, you might just turn your low investment business idea into a successful venture.