Are you dreaming of starting a new business but do not have much capital to invest in? No problem.
We are here to help you with some low investment business ideas.
Low Investment Business Ideas
There are various kinds of businesses like home-based businesses, online businesses, and creative businesses that can be very profitable if the decisions taken related to their activities are appropriate. Some of the ideas are
The teaching profession is said to be the safest among other jobs because everyone needs a teacher to learn from, so if you are interested in spreading knowledge to others you can probably start online coaching classes.
You will not require any capital to invest in some tables, chairs, a chalkboard, and a marker that would work or you can start online classes too.
Even if you know any language or you are an expert in some other things that you think people will like to learn, you can easily start with that. You can expect greater returns in this field if done properly.
And if you are worried about managing student attendance, contact details, mark sheets, etc. from a single space, then Lio’s register for teachers are worth checking out.
This business is home-based that requires little space and little money usually to buy the ingredients, this is the ideal business idea for housewives because they have proper knowledge about the making process.
This business will help them to earn an income and give them a sense of independence too. Many start-ups that were started from little room have proved that this kind of business can be very successful.
It is one of the best businesses to start from because the demand for pickles never decreases in the Indian household. You can give a variety of options to choose from and also take pickle orders on demand from the customers.
On every special occasion be it weddings, birthdays or parties people have to buy a gift to give. People can start at a minimal cost and open a gift store.
Online gift stores are also a pretty common type of business nowadays, start a website and sell the items on that or open a social media account and take orders from there, pair up with a delivery service and sell your items all over the country.
The rise of the home baking business is high in India, many chefs and bakers have started taking orders from customers and customizing their cakes, also a demand for hampers of cookies, brownies, cupcakes, and many other baked products is rising.
This is the best idea for talented bakers because they can use their skills to bring in customers and earn huge profits.
Cooking classes are probably best for people who are ready to share their skills and knowledge with others and earn from that. Only a kitchen, some ingredients, and utensils are required at the initial stage of the business.
Once successful the person can expect huge gains, also they can start batches to test their potential. In the time of the pandemic, you can start online cooking classes too.
A creative person interested in decorations, organizing, and planning weddings can select the option of a wedding planner, you can help the client choose venues, decoratives, themes, catering, and all other stuff required.
It requires an introductory capital venture for staff, technical staff, and courses of action for which plenty of private company credit choices are accessibly available.
While the underlying investment is low, the profits that can be made once the business scales are huge.
Food is required at every place or party, you can employ very little staff for this and the initial cost will only be of ingredients and the staff’s salary.
If the food is tasty you will gain more and more customers. Also if you partner with wedding planners the order intake can result in huge profits.
Everybody needs to maintain their personal hygiene and salons are the possible contributor in that, if you have a piece of knowledge about how these things can do you can take a loan from financial institutions to open a store, to buy raw material and equipment for starting it.
If managed properly you can turn it into a very profitable business. You can also ask satisfied customers to review the business because ratings play a major role in bringing in more people.
Alike salons, parlors can also be a great idea for a business in India. Make-up artists can take investment in the initial stage of buying material and a store and voila you have your business, but keep in mind to market and manage it properly so that you can make it a profitable business.
You can also open services like home appointments and charge accordingly.
Music And Dance Teaching Classes
These classes are a thumbs up for talented people and professionals to start with, teach and spread the skills to others and earn from that. Very low investment is needed or even you can start it at home.
It is an ideal way for people interested in cooking to start a business. Providing tiffin service to people can really help to gain profits. A proper business strategy like marketing and managing can be used for its growth.
You will just have to invest in a delivery company so that your food can reach more people living in your city or places near it.
This kind of business is famous in Maharashtra and places where bachelors and students reside on their own.
This kind of store is required everywhere to provide the items that are of daily use like rice, flour, pulses, toothpaste, and many other things.
It is important that you only invest when you know that the business will be profitable in your area and there is no other store like this because people will go to the old place often.
And even if you want to open this store, always keep an eye on the competitor and keep those items that they do not have.
Creches And Daycare
Working women want to leave their kids at a safe place that also has a playful environment, you can open a daycare service if you have space in your house. You can expect high profit from this type of business.
Mobile Repair Shop
Many people know about technical things and are tech-savvy, they can use these skills by opening a repair shop, especially a mobile repairing one because people require help with that, add other services too like recharge and accessories related to it. You can take help from financial creditors and invest in the business.
Tailor Shop Or Boutique
Since people are always influenced by the fashion industry, use your tailoring skills in that. Open a shop for making clothes and take orders of dresses from the clients.
This is a money-making business and returns are high. You will need a sewing machine and threads. At the initial stage, you can start from home too.
Zari Art Workshop
A business like this is always likely to prosper if the skill and knowledge are great. Zari Art requires high professionalism and if you think you can bring a return from this you should probably invest in it.
Custom Art Shop
You can take orders to make art and customize it as per the need of the customer, these art shops can be started by those who can make portraits and art like that. You can gain a lot by showcasing your talent.
Also, there is an option of taking your business online, either you can start your own website which can be done at a minimal cost or you can sell your art on other e-commerce websites and make money through that.
You can also invest in a stationary shop if you want to start a business that does not require many skills. Keeping the items related to it like notebooks, pens, pencils, and other things. But you will have to manage your shop properly to gain higher returns.
There is a huge demand for bloggers nowadays, people want someone to write about their websites’ blog and create quality content for it.
You can also start your website and write about the topics you love the most, if high traffic on the website is generated the business can be very successful.
This is the best place to show your skills, knowledge, and talent and earn through that. You can open a youtube channel to teach things like cooking, music, dance, you can upload inspirational videos or start a vlogging channel without any cost.
Today people can get viral easily if the videos that are shared get a huge amount of likes and views. It will increase the audience on your channel.
Freelancing can be done remotely, you will have to find a client whose requirements match your skills and earn money. The demand for freelancers is increasing day by day and people are also liking the kind of work it offers.
Many online sites hire freelancers, it is an ideal option for those who want to keep practising their skills and also get an income source.
People today are very much interested in organic stuff like vegetables, and juices to lead a healthy life. Starting a juice shop is a great option because you do not require much to invest in.
keep in mind to do the research properly and if the business gets successful you can yield greater profits year by year.
Photostat And Printing Shop
You can start this shop in your locality because these kinds of shops are required everywhere, even if you do not know much about printing and photoshop you will be able to run it by first getting knowledge about it.
If you do not have much money to invest in you can take loans from financial institutions and then start the business.
Match-making is the best business for all as it does not require many things to do in it. You will need to focus on maintaining a good marketing strategy to get more clients, and you can also start from your house.
Ask your relatives and friends to bring more clients to you by discussing at other places. And with Lio’s amazing registers for marriage, planning and organizing even the grandest of weddings will be a breeze.
It is a form of digital marketing that can give huge returns, you do not have to do much in this but recommend a product to the clients and customers and gain commission from that. Anyone with a computing device and internet knowledge can get success in this.
Gym And Yoga Centre
Everybody wants to be fit and healthy at least in this pandemic situation, so opening a gym or fitness centre can help.
You can also do online yoga sessions in different batches and take fees from your clients for that, this business can bring success to professional yoga instructors.
If you are good with animals and you think you can train pets like dogs and animals on how to behave, this will surely be a good business if you are looking to get income from this.
No initial cost will be required, but if you can get a certificate in this, you will surely be successful.
Real Estate Agents
People who know about the market rate of land property can do this business. All you need is a tool to help maintain a list of available properties so you can easily show them to potential clients, help them to buy them, and gain commission through it.
This business is very profitable in big cities because the property rates are higher in those areas.
Tours And Travel Agencies
People with communication skills can get great income from this business, you can work from home and consult people on how they can plan their trips even better and provide them with tickets and information related to the place they want to visit.
There are websites that were started just with an idea and have gained much till now, so you can try that too. And to give you all the help needed, we covered a detailed guide on how to start a travel agency in India in 2022.
If you have a camera, a computer, a photo printing machine then you can open a studio at your home. You can provide services like clicking passport size photos, framing and laminating the photos, photo banners, etc. And if you are a professional photographer you can open a lavish studio for model photoshoots with the help of a loan or credit.
If you have a hobby related to sewing, Mehendi, crochet, or any other you can start hobby classes at home without any investment. You will just have to find people who would like to learn it, mainly housewives can go with this option to earn a side income.
A certified digital marketer can start his or her own agency that provides clients with services like SEO, email marketing, and every other form of digital marketing that brings more and more customers to the clients by generating website traffic, Facebook, and youtube ads, promoting on various social media platforms.
You will need a computer or laptop and internet to start with this agency at your home working remotely. Further, if the business gets successful, you can expand the area and hire people, but you will have to have proper skills.
Art is getting more and more popular especially on social media you can see people posting videos and photos of beautiful candles. You will just have to buy moulds, colours, wax, and jars and there you have your business.
If you live in a big city where it is often that people come for their vacations you can probably become a tour guide. It is a profitable business because you can charge for sharing the information you know about that particular place. You can also vlog for your youtube channel and write blogs for travel websites.
Chocolate makes the new start sweeter, we all know this phase, so invest in making homemade chocolate items using different molds like alphabet molds, designer molds. Team up with bakeries and cake shops and supply your own designed chocolates.
Franchises are a great strategy that a business or brand uses to expand its work across various cities and states. You can simply invest by getting one and work towards its marketing and earn more commission by helping in the business’s growth.
Yes, djing can be a good source of income because music is always an important factor in any party or wedding.
A person with good taste in music can learn how to mix and match songs and prepare a rocking record from that and start his or her Dj journey. Partnership with a party planning company can also be a great idea.
Data Entry Services
You can start by providing data entry services to companies, and market your services on social media platforms to attract more clients.
People with a high number of followers on social media platforms like Instagram and Facebook can collaborate with various brands by reviewing their products and suggesting them to others. Simply promote a brand and get paid.
Stock And Crypto Trading
This business does not require any workplace or investment, you can sit at home on your desktop and give your expert advice to others on how to invest and make money through stock and cryptocurrencies. You can earn a huge amount of commissions through this kind of business.
Tarot Card Reading
Tarot card reading is in huge demand nowadays, people really find it interesting to know what their future beholds for them.
So, if you know how to do a tarot reading this business can be an ideal option for you, you can also do it online and engage with more people around the world by booking appointments.
Benefits Of Low-Investment Businesses
Very Low Or No Initial Cost Required
A low-investment business is generally a small business that does not depend much on its capital but how it is handled and how it grows that what matters.
Some businesses do not require capital like blogging, freelancing, online classes, these all just work on the skills of the businessman and make it profitable
Yields High Profits
If proper strategies are made and followed these businesses can result in big gains. A business needs to make a plan accordingly so that it can bring more and more customers to it. This involves marketing with forethought so the path to success is clear
Enhances The Skills
People should start a business in a field that they have much interest in and have the relevant skills related to it. This will help them in enhancing their skills and not only this it will bring in some money too and the working environment will be more fun.
Dance classes are the most suitable example of this as the dance teachers will practice and teach the skills they have and can earn from that
Provides Great Opportunities
A new business always gives new opportunities like generating income for yourself by being self-employed, working for that which you love the most, and making a place in a market. Also, if a business gets successful it will generate employment opportunities for others
There is no headbanging by any superior as you can be your own boss and control the activities of the business, a person can be totally immersed in the operations and make it grow through his passion. It brings a great sense of independence
Most people start a business because they have gotten bored of their 9 to 5 job. A businessman can work according to his own will, make schedules accordingly and have the authority over the work
Disadvantages Of Low-Investment Businesses
Every business involves risk be it big or small, the risk can be higher in new businesses because a person has to start by building a base, apart from that there are many risks that come along like financial risks, and job security risks.
If the business activities are not planned effectively they will result in liabilities too
Uncertain In Nature
The pandemic has taught us that things can not be predicted, what we have today can be gone tomorrow, the similar approach applies to the business, some internal and external uncertainties can affect it because it is hard to anticipate the changes
You will have to give your whole time to a new business because it requires time to make business plans and strategies at the initial stage to create a solid foundation. This commitment may not let you spend time with your loved ones
Things To Consider When Starting A Business
Everyone nowadays is considering owning a business but it can get really tiring if you do not have a particular guide or steps to follow.
Here are some things to consider when starting a new business:
Know What You Find Interesting
Everyone has a hobby or is interested in some other things. Starting a business related to that hobby or interest will not only make you work towards your goal but also help the business to grow as people work harder in that field that provides them with satisfaction.
Not only that, a field of interest is more suitable because of the prior knowledge about the same and what the customer will want. For example, a person who loves dancing can use his/her skills by starting dance classes and working towards its growth.
Work On Its Planning
Planning is necessary for any field because it tells us what steps we have to take further for the idea that has created a home in our hearts.
Similarly, planning is an essential part of starting a business if we will not know how, when, and where to start this can affect the business adversely.
Write down everything you want to add, the services you want to provide, and the demand of the business in the market. These things will help you make a business plan because businesses are not started in one night it needs proper forethought.
Funds And Investment
A business can not be started without funds, so before starting make a plan of how much capital you need to invest in the things related to it.
Calculate the amount getting spent on the products, the place, the office furniture, and other things that will play a major role in bringing a business idea to life.
If you do not have much money to invest, start funding or look for schemes that can give you loans because these things will help your business to stay in the marketplace.
Consider where it will be suitable to locate your business. The location matters the most as customers will only come if they do not find many alternatives to the business you have started but not in the case of online businesses.
The location of the business will tell its fortune, for example, if you open a general or grocery store at a place where this type of shop already exists then your money and idea will go in vain but on the other hand, if you open a store in a locality where there is no general store, the business will be profitable.
There are some businesses, no matter how small, that have to follow some legalities like registrations. Keep in mind to register if you are choosing that business. The steps will be incorporation, documentation, registration, licensing, trademark and accounting.
Management is a paramount part of business, if not done correctly it can lead to the sinking of it being a new one or already in the race.
Most of the people stepping into the field for the first time can find themselves under a burden of carrying so much on their shoulders but having good management can help, as with low investment it is not possible to hire somebody the management tools can be very supportive.
Using an online software like Lio can be used can help in organizing any kind of business data and solve the worries of managing a business efficiently.
Think about how well you would market your business too because it is important to have a good marketing strategy, even if you have a home-based business of custom candle making, market it in places where there is no cost involved and one of that ways is marketing on social media sites.
Facebook, Instagram, Whatsapp, LinkedIn, and many other apps are there where the business can be marketed. Share photos, products available, prices, and post customer reviews, all these things will bring more customers and increase your business’s profit.
Know Your Competitors
When starting a business you should be informed about what your competitors are doing and how you can process those things in your business to gain more. Even after you have successfully established your business you should always keep an eye on them.
You should also get information about services they are not providing and if their customers require that so you can add those services to your business to attract more people.
You should always and always know whom you would want to sell your products to and how they will come and buy them.
Knowing who your target audience is will not only help the business to grow but also is useful for you to see how you can change the services you are providing according to their needs.
Mug up everything that will help you to start your business because they will work as the foundation of your idea to be a successful businessperson.
Why Some Businesses Do Not Get Success?
It is impossible to make a good, big business without starting with a good, small business. Many people ignore so many things while working on a business that it sinks and does not give the expected results.
Some of the reasons for a business’s failure are:
Lack Of Marketing
Marketing is a core feature of a business, doing good marketing in the initial stage is necessary because it will help in bringing more customers. A business not doing any marketing can not get success easily. So it is important for a business to choose a strategy from so many ways available.
Lack Of Management
Issues related to management can not be ignored because good management always helps a business to flourish.
Not managing a business efficiently will act as an obstacle in day-to-day activities. It is one of the reasons businesses lay such importance on having a good HR department and defining its roles.
No Knowledge About The Market
A person who does not know how to deal with the market as these conditions are always changing can not make his business a success.
Resistance To Change
You can not just stand still in one place and sell the same thing with the same approach that you were doing years ago when you started as a small business. Every business is of dynamic nature and has to change itself according to the needs and demands of the customers.
If you will not change it according to the factors that influence the business then you can never become a businessman.
No Proper Objective To Run A Business
A business can not be run just because it gives money and income source, there are several things that a businessman has to keep in mind like customer satisfaction, and social responsibilities. If there is no proper strategy to deal with these factors your business can not reach the top.
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How Lio Can Help
Starting a new business involves lots of things to do because it is like starting from nowhere and working towards its success.
The day-to-day activities of business include maintaining a customer’s lists, invoices, items list, contacts, inventory, etc. For this, using management software can be very helpful.
Lio is an app that helps in maintaining the records of your business without any hassle. You can securely save all your data in one place and find it very easily.
The app consists of various features to categorize your data. You can easily make folders, templates, and other document lists. It is certainly for successful management of the data so that you can focus more on your other business strategies of a fresh start.
Not downloaded the Lio App yet? Here is how you can start with Lio App.
Step 1: Select the Language you want to work on. Lio for Android
Step 2: Create your account using your Phone Number or Email Id.
Verify the OTP and you are good to go.
Step 3: Select a template in which you want to add your data.
Add your Data with our Free Cloud Storage.
Step 4: All Done? Share and Collaborate with your contacts.
How Lio Automation Can Help You Business Process
Business automation is used by not just big businesses but all entrepreneurs and start-ups. It is something that has really helped companies run a smoother process and learn from their mistakes. Companies who have adopted automation have really made a mark and have from 10X faster with the best possible results.
Lio Automation gives you many amazing features that make your work super simple and effective. There are very many features that will help you and your business in various aspects. From connecting and staying in touch with your customers, to working together as a team, and everything in between, Lio Automation will truly make your business run smoothly and make it reach new heights of success.
If you are using Lio Automation for your business processes consider all your data safe and secure all the time. Not only is the data saved in the cloud, but it also offers a data versioning feature in which you can actually see the many changes the document or file has gone through and who has made those changes. You can save the version of the file as required by you.
You can create dashboards for each file which would give you the clear details of your company’s operations, marketing campaigns, sales and other analytics. This is one useful feature that would truly make a difference to your business and help your see all the processes clearly so that you can make well-informed decisions.
Another great feature that Lio Automation offers is colour formatting the sheet. Colour formatting can help bring information and more clarity to the audience. Applying colours to different parts of any data will let you narrate a more effective story that easily catches one’s attention as well.
Lio Automation also makes working in teams very easy with their Task feature. you can not just assign tasks to your team efficiently. You can set the priority of each task along with the due date. Your team will get a notification about the task automatically, even on Whatsapp, they can see their assigned tasks in the app, mark them complete, and you will get a notification on Whatsapp!
Since customers are a big part of any business and staying in touch with them is a crucial job, Lio automation gives you the ability to automate Whatsapp communications. Automating WhatsApp communication is another popular trend that businesses can benefit from. With the help of this, you would be able to save a lot of time, boost your customer retentions and renewals, save a lot of money, have lower operating costs and much more.
You can share invoices and receipts with your customers while also sharing the payment links with them to make the whole transaction process smoother and absolutely hassle-free for everyone.
Lio also makes collecting valuable reviews from customers very easy with its automation process. Along with this, you can also manage leads very easily with the help of automation. Now no lead would be missed and can be responded to the minute you receive them.
Not just this, Team management and work allocation are made super easy with Lio Automation. You can also work with teams in real-time and see all the changes happening.
There are several other amazing Lio automation features that are made so that you and your business can benefit from them. Excited to know more about it? Start with your Lio automation process for your brand and start your journey to success.
Frequently Asked Questions (FAQs)
What are some things to consider while starting a business?
The main things to focus on when starting a business are a business plan, capital source, legalities, and location.
What are some online businesses that can be run from home?
Blogging, freelancing, online courses, and classes are some of the options for online businesses.
What are some mandatory documents for starting a general store?
A certificate from FSSAI (Food Safety and Standard Authority of India) is important to start a general store whereas when the annual turnover of the store becomes ₹20 lakhs then registration under GST is also important.
What are some businesses that can be done by a creative person?
Some famous businesses that are best for a creative person are custom-made merchandise, painting and crafting shops, scented candle making, handicraft items.
How to find a good business idea?
You should focus on what makes you happy and if you would like to invest your money and time in that particular area by starting a business.
Do market research and find a lot of information before stepping forward because starting a new business comes with many responsibilities.
What are some legal procedures a business has to do for registration?
The legal procedures will include incorporation, documentation, registration of a company, licensing requirements, trademark, and accounting.
How can a new business be managed?
A new business requires much time to grow and management plays an important role in that, if you do not have any knowledge about the same you can use management software for that.
What are some types of small businesses?
Some small business ideas include pickle business, baking business, candle making, tuition services, and so on.
The definition of a low investment business is one that requires a low amount of start-up funds and has little to no initial costs. This low-cost business strategy allows for greater accessibility, which in turn allows the business to grow at a fast pace.
Those people are more likely to open businesses that do not have any secured jobs or want to work for themselves to earn income.
Knowing what kind of business is best will always lead to greater profit even if the capital is very little, that is why we have named some small businesses with low investment that can be profitable if the passion is strong.
The above article is full of some great ideas and I hope they are helpful for a new business visionary.