Business Ideas With Low Investment And High Returns: Starting your own business can be both exciting and scary, depending on how much you know about what you’re doing. There are tons of resources out there to help guide you in the right direction; whether you want to start an online business, or set up an off-the-grid farm.
Business Ideas With Low Investment And High Returns
Open your own brick-and-mortar retail shop, there are plenty of ways to get started with little risk and little initial investment required. Here are 12 business ideas with low investment and high returns to help get you started!
1) Freelance Writing
This one is a given. Lots of high-paying businesses are looking for reliable freelancers—and they’re willing to pay top dollar to keep their projects in-house. You could make good money writing everything from product descriptions, company bios, and press releases to ad copy, email marketing campaigns, and much more. This job will be available as long as you have an internet connection!
If you can write well, have decent grammar skills, and know-how to conduct thorough research on your own time (or even during work hours), then freelance writing might just be your ticket out of a day job. To learn more about becoming a freelance writer check out my detailed guide here.
2) Online Shop
For an entrepreneur with an eye for design, creating an online shop might be a smart business idea. If you have a passion for fashion or make custom creations like furniture or cakes, consider putting your wares up for sale on Etsy. This marketplace offers plenty of ideas for DIY sellers. You can sell your goods on Amazon, too—and its 2 million third-party sellers make sure you don’t have to stock inventory yourself.
If you’re crafty, set up an account on eBay and start auctioning off your items. The site takes a small percentage when something sells and offers seller protection programs if things go awry. If you have computer skills, put them to use through freelance work at Elance or oDesk or by selling products through Fiverr. As long as there is demand for what you do, there will be ways to earn money from it.
3) Affiliate Marketing
As an affiliate marketer, you earn a commission by promoting someone else’s product. The more your audience trusts you, and therefore relies on your opinion when making a purchase decision, the greater you’re earning potential. Look for quality products that are closely related to something you know well. For example, if you’re interested in nutrition and have recently developed an interest in running, then it might be a good idea to promote a pair of running shoes made specifically for runners who are also interested in nutrition! You can easily set up an account with one of many reputable affiliate networks like Commission Junction or ShareASale and start taking commissions right away.
4) Be A Virtual Assistant
Virtual assistants and online personal assistants are in huge demand nowadays, which makes it a great time to start your own virtual assistant business. You can register as a virtual assistant with companies like Zirtual or Fancy Hands, or you could get really specific and target local businesses near you. Personalized, local services are always in demand for people with busy schedules who don’t want to go shopping for basic stuff like meal delivery or grocery delivery.
If you’re thinking about starting a business online but aren’t sure where to begin, check out 10 steps to starting an online business! 1) Build Your Personal Brand. It doesn’t matter how amazing your skills as a virtual assistant are if no one knows who you are! Make sure that you have a professional-looking website that includes information about what you do, why clients should hire you, and what makes you different from other VA.
Make sure that your site is up-to-date with information on any certifications or awards that would be relevant to potential clients. 2) Create A Portfolio Of Work Samples: Don’t wait until someone hires you before creating samples of work – show off what you can do even when there isn’t money on the line! This will help build trust with potential clients so they know they won’t be wasting their money when hiring a VA for their business.
5) Make Money From Apps
Mobile apps are a great way to make money online. While there are very few mobile app businesses that will make you rich, building and selling your own mobile app can be a lucrative business. There are two ways to monetize apps: build them for a company or build them for yourself (and then sell them). If you build an app for a company, expect to receive 80 percent of all revenue from sales.
The other 20 percent will go to Apple and Google. Building your own mobile app can be tough, but if you’re willing to put in months of work on developing, designing, and marketing it—it could definitely pay off. In fact, Appster estimates that creating an app can cost $150,000 or more. However, once you’ve created one, you can sell it over and over again to users who would love to use your product.
You won’t get rich overnight with a mobile app, but if you want to try something new and potentially profitable, it’s worth looking into. For more information about how to create a successful mobile app check out our guide on How To Make A Mobile App
6) Buy, Sell, Trade Things Online
Don’t discount Craigslist, eBay, or other classifieds sites, either. You can use them to buy and sell all sorts of stuff—as well as drop hints to people that you’re looking for used items in good condition. Just be careful with your wording and approach; people can tell when you’re just trying to get rid of something! Here are a few more tips on how to haggle. A business is an activity that makes money. If you want to start a business, it’s helpful to understand what makes businesses tick.
A business needs customers, revenue, and expenses (or costs). It also needs some sort of system for making money: A product or service it sells directly to consumers; sales representatives who sell its products or services directly to businesses (such as doctors’ offices); retailers who resell its products; distributors who distribute its products throughout an area (like a city) via retail outlets (such as grocery stores); etc.. The only thing not required is investment capital: Buying inventory and paying employees don’t require cash from investors.
7) Rent Out Your Spare Room
Renting out a single-family home or apartment can bring in a steady income. Find a good deal, buy it and rent it out to someone else who may or may not fix up your place. You won’t spend much time there, so you’ll just have to make sure everything’s in order when they move in. Check on your property every now and then to make sure everything is running smoothly.
This is a simple business idea with low start-up costs and high returns if you do it right. For more information about how to get started with rental properties, check out our complete guide here. Here are some additional ideas for people looking for ways to earn extra money: Start a side hustle – Many of us are capable of doing something more than one thing at once, which means we’re capable of earning extra money by starting a side hustle. While we recommend saving any serious money-making ventures until after college, that doesn’t mean you shouldn’t be brainstorming new ways to make cash while in school.
8) Rental Income Property Investments
Once you have some cash on hand, consider investing in real estate. It’s a big decision and not one to be taken lightly. You’ll need to learn about rental income property investments and what it means for your own bottom line. Once you’re comfortable with rental properties, start making deals with family and friends — make them sweat a little bit when they return from vacation and find someone else living in their home!
Be sure to check out Landlording 911 by our CPA Christine Ricciardi. This will give you everything you need to know when it comes down to rent collection, tenant screening, tax deductions, and much more. When all is said and done, if you’ve made all of your payments on time (and collected any rent), you can deduct all of those expenses from your taxes as well. As an added bonus, depreciation may even let you write off part or all of your mortgage interest as well!
Also Read: Part Time Business Ideas For Working Ladies
With these business ideas, you’ll enjoy a healthy return on investment while keeping your costs low. The best part is, that they all work in different niches and in different fields. The only thing they have in common is that their owners are happy with them. If you’re interested in taking one of these businesses for a spin, make sure to keep an eye out for other strategies that could help you make money faster than expected.
For example, if you’re into pet care, it might be worth purchasing advertising space within walking distance of your home to turn up local demand without having to pay much upfront cash outlay—or even give away some pets or accessories to drum up interest!