Starting a business is often complex. It’s not hard, but complex. And, it becomes even more tricky when you think of “how much money should I spend.” So, what is the solution? Honestly, the best way to try your hands on business is to start small.
Hence, keeping these factors in mind, these are the 7 low investment businesses you can start that makes crazy profit. They sell like crazy and can often survive financial recession. Well, in this list, not all businesses have a physical product specifically, but they do have something to make money from.
Enough talk… Let’s begin
(1) Blogging
I’m often surprised how famous blogging has become lately. Few years ago, most people didn’t even know blogging could really make money. Those days are gone after the 2020 worldwide events. Honestly, blogging is a side hustle, but a side hustle that makes enough money to be called a full-fledged business.
Blogging is easily one of the most preferred side hustle business. Why? Because it’s super easy to start and the returns are literally unlimited. You can make $1 a month or $100K, the sky is the limit. Blogging is pretty similar to having a YouTube channel. You can have multiple sources of income from just one blog.
Funny enough, I’m a blogger too! And I can say this proudly that I make enough money to sustain myself. I’m sure you can too!
Okay, if you’re interested in starting a new blog, you NEED to follow these steps. Yeah, it’s better to know about all the mistakes beforehand than to repeat them afterwards and hurt your blog growth. The first is learning about SEO. Not following Google’s SEO guidelines is the primary reason why most blogs fail. Read this SEO guide from Backlinko and know what NOT TO DO before learning what TO DO.
I have created this detailed page for you to make a successful blog:
I hope this guide will help you create a new blog as fast as possible.
(2) Handmade Craft
Handmade products are often sold immediately when they are put up on marketplace. Etsy is one of the best market where handmade products are sold. And I kid you not, they are often sold like hotcakes. Handmade products are often associated with luxury and exclusivity. They are often more expensive than machine-made products, yet they are sold quicker than machine-made products.
Etsy is the best marketplace for DIY products. The fee are less and it’s less crowded than ecommerce sites like Amazon and eBay. You can say that Etsy is only a portion as big as Amazon, but this platform is the BEST for aesthetic products.
Hence, if you’re someone who knows how to make handmade crafts, you will shine on Etsy. Register as a merchant and showcase your products. Your new shop may take a little more time than usual to register its first sale, but once you get the traction, it’ll just fly. Just keep in mind that you have to keep the prices attractive with good quality product.
Because, as you already know, a seller’s future depends on the number of good reviews. If a store has good reviews, Etsy’s algorithm will automatically pick up your store. I will also suggest you to make a Pinterest business account and showcase your products on their platform. Better, register as a merchant on Pinterest and get the tick mark (✅). Pinterest LOVES merchants because they can potentially make money from product sales.
(3) Coaching Service
Everybody needs a coach. It’s not just about the kids, often times, even the grownups need guidance and a helping hand. That’s when they hire a coach. While most of the time a coach works solo, but sometimes they also establish a company for better reach.
As you can already guess, as a coach your task will be to guide your client and help them achieve whatever they want to, that too in record time. Be it life coach, a gym trainer, or a yoga instructor, all of these three comes under the coaching umbrella.
But, you must keep this one thing in mind before you become a coach: You have to prove yourself and NEED to be confident on your decisions. As a coach, you cannot afford to make silly mistakes. People will lose trust in you and that would be the beginning of the end of your coaching business.
(4) Graphic Design
Graphic Designing is a vast niche. You can become a logo designer, handmade art designer or you can also design something else. Usually, freelance graphic designers start on Fiverr or any other freelance websites, and after they start making money, they establish a graphic designing company.
Graphic design is one industry that never goes out of demand. No matter the year and trend, graphic designers are always needed. Yeah, AI is a threat, but it isn’t capable of creating custom-made designs, yet. You can either become a freelance logo designer, or work for a company, you’ll make good money.
But, since you’re trying to establish a low investment business, it’s better you start as a freelancer graphic designer at first, and when you have enough money, transform it into a business.
(5) Selling Empty eBooks
This is the most uncommon business idea you will ever hear. In fact, it’s so unique and unheard of that I still don’t believe that people really are making money. The business is: Selling empty eBooks on Amazon. Yeah, white blank empty eBooks.
I found this while surfing on YouTube. There was this guy who was making 5-figures monthly just by selling empty eBooks. And, it’s not like he was riding the trend wave. For some reason each and every empty book he released sold like hotcakes.
I haven’t tried this business idea, but I can say this for one thing that it doesn’t require too much time and money to make an empty eBooks. Well, if you’re intrigued and want to test it for yourself, do let me know in the comment section.
(6) Amazon FBA
Amazon FBA (Fulfillment By Amazon) is a great business model. You don’t have to work extra hard to find customers to sell your products. Honestly, you only need three steps to sell your first product on Amazon: (1) Choose a niche (industry), (2) Register your business, (3) Register for Amazon FBA. That’s pretty much it. Of course, there are other minor requirements, but these three are the pillars of your Amazon FBA.
If you’re hesitant of investing too much money, then you can start small. Just treat your Amazon store as a side hustle, and once you get good response, start taking it more seriously and register it as a business. Amazon FBA has made people insanely rich. Especially those people who had the early mover advantage.
In rising markets like India, Amazon FBA has made many business owners millionaires. Acquiring customers is relatively easier on Amazon, and that is one of the primary reason why most businesses are going online. Registering your business on Amazon FBA provides a sense of security to a business. Your only jobs is to sell genuine product, and occasionally interact with your customers.
(7) Small Eatery
Everyone likes to eat. Surprisingly, often people get attracted to small and cute shops. No, by a small eatery I don’t mean a small restaurant, take it as a food truck. A food truck is mobile, and the experience of eating food is completely different than an usual restaurant. Also, the investment is usually lower than a restaurant.
If you love to cook and share it with others, you’ll love the food truck business. Initial investment is low, and if you can make good food, you’ll do good.