It can be difficult to determine which of the many high-profit, low-investment business ideas are worthwhile in 2024 when there were so many already in 2021.
Even though hopping on a new trend can sometimes be risky, it can also make for an incredibly rewarding experience.
It is no secret that many of the business ideas on this list are becoming increasingly popular. Popularity means they are more competitive but not riskier.
Nevertheless, these low-investment small business ideas will all allow you to generate high profits for sure.
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Here is the list of businesses you can start with a small investment if you’re wondering what to start. Being your boss is one of the biggest motivations to start your own business, according to small business statistics.
You can work whenever, wherever, and however, you want when you own a business. Have you ever dreamed of working at a beach or your grandmother’s house? If not, then go for it; no one will stop you now because you’re the boss of your own business from now on.
Many people dream of living this lifestyle someday, and some great, low-investment business ideas can help you achieve that dream. We’ve put together a list of the business ideas that will certainly make you money in 2024:
Are you interested in selling products online but do not have the funds to purchase and store inventory? Dropshipping is the answer for you!
You don’t have to manage physical products when you’re using drop shipping as an eCommerce business model.
Your only task is to set up an online store and collaborate with suppliers capable of storing packaging, and shipping orders.
Moreover, using dropshipping apps like Oberlo makes finding products to sell easier because you don’t have to spend hours on product research.
It is often said that dropshipping is attractive because you do not need to hold inventory, and will be done with low investment.
Furthermore, if you have the space in your spare closet – maybe there’s enough space in that spare bedroom – you can also source wholesale products.
Small businesses can find high-quality, unique products on online marketplaces such as Handshake and build long-lasting relationships with suppliers. If you know what you want to sell, you should consider this option as a supplement to dropshipping.
Have you ever generated backlinks for a website and improved its search engine ranking? If yes, then you have an opportunity to make money from your skills. As a result, SEO experts are in demand worldwide, so opening your own business could be the best move you ever made.
If you’re using SEO techniques correctly, you are bound to see a surge in clients if you target a niche audience, learn from your experiences, and build your portfolio.
Depending on which niche you choose, you can target companies or appeal to businesses in a certain sector, such as legal, health, or financial.
In 2022, one of the best business ideas to make money is selling SEO services with monthly retainers between $501 and $1,000.
The creation of content (CONTENT WRITING) for product pages, blogs, or any other type of online presence is something almost every business needs.
Therefore, having a content writing or copywriting business may be one of the best low-investment small business ideas for you from which you could get high profit someday.
Websites such as Remote.co, Problogger Jobs, and BloggingPro are great sources for finding your first few customers. In addition, if you’d like to gain more exposure for your business, you can also join content-writing Facebook groups.
As part of your service offerings, you can provide keyword optimization or customized graphics to make a good impression on clients.
Due to the increasing number of companies that require apps, app development is one of the most profitable small business ideas with low investment.
Additionally, the cost of starting this company has dramatically decreased as a result of developing tools and having access to affordable developers.
In today’s software, you can create wireframes and mockups before deciding whether to publish the app using programs such as OmniGraffle, Sketch, and CoreAnimator.
On top of that, you can hire a freelance app developer from sites such as AngelList and Upwork. The creation of consumer apps also presents an opportunity to earn passive income.
To achieve that, however, one must develop a monetization strategy that generates recurring revenue. Nonetheless, one strategy that could be profitable is integrating in-app purchases into your app or charging for a premium version.
It is not uncommon to see WordPress websites on the Internet, and nearly all WordPress website owners require some form of support. Therefore, if you are familiar with the ins and outs, you can make a lot of money without having any investment.
Customers may come to you for assistance with CSS, finding and fixing security holes, and more now and then. We recommend you create a custom website to list your services and not use platforms like PeoplePerHour and Upwork to get your first client.
By doing so, you can avoid high commissions and build trust with your clients. By far, offering WordPress support ranks as one of the best business ideas without any investment for 2022.
To get WordPress themes, templates, plugins, and support as well visit ThemeLooks.com
Providing virtual assistant services is one of the most successful business ideas that don’t require any investment. Every business, no matter how large or small, needs help to manage day-to-day operations. By utilizing your excellent organizational skills, you will be able to take some of the burdens off their shoulders.
As an administrative assistant, you’ll be paid for the time you put into answering emails, scheduling meetings, and handling other duties. You can find your first few clients on sites such as FreeUp, PeoplePerHour, and Virtual Assistant Jobs by responding to their advertisements.
There are always people looking for efficient virtual assistants, which is a proven business model with no investment yet highly profitable.
Flipping websites is a new business idea that keeps people of all backgrounds interested, from entrepreneurs to home-based workers. It involves an existing website being purchased, its design and content being improved, then the website is sold for a profit.
Several sites allow you to buy and sell websites for a profit. Using Shopify’s Exchange marketplace, for instance, you can buy and improve e-commerce websites using content marketing, SEO, and other methods.
Your site will begin to generate more revenue after you acquire it, so you can list it on the market for sale when it generates more revenue.
If you speak more than one language, consider starting a small business where you can monetize those skills and get profitable. Multilingual people are always in demand, so consider starting a business where you can monetize your skills properly. However, it’s possible to find clients on sites like Upwork and Flexjobs and build your portfolio that way.
Well, got a few free hours every day? Getting into translation might be a good side business idea for you then. As you gain more experience and work with more companies, you can hire translators who specialize in other languages to relieve you of additional tasks. Additionally, you should also advertise your business on social media websites to reach a broader audience.
When you’re looking for business ideas to implement with little investment, print-on-demand is the way to go. The term refers to selling customized designs on items such as phone cases, mugs, and t-shirts, but without actually printing the artwork.
Rather than having to handle logistics, you collaborate with suppliers who print your design on products, as well as package and ship those products to your customers. Additionally, you pay only after your products have been sold.
Initially, you can get started with a POD app like Printify by creating a Shopify store. And promoting your POD items with the help of Instagram influencers can be an effective marketing method for sure.
When you enjoy cooking and see it as a creative outlet, you can open a home-based catering business and make a significant profit with a low investment. However, how much you spend on the business setup depends on how big you want it to be. Depending on how small your business will be, you may be able to save money if you start by managing smaller events on your own.
To start a home-based catering business, caterers often create a website, experiment with local food markets, or join platforms that permit cooking experts to make a small profit from their expertise.
Would you consider yourself a good email writer? Have you mastered the art of writing subject lines that people want to click on? In this case, you could launch an email marketing business and earn a healthy amount of money. However, on platforms such as PeoplePerHour and Upwork, as well as through cold outreach, some companies need help with their email strategy.
The moment you demonstrate that you are able to entice customers, they will rush to acquire your services and even agree to the price you are going to quote them (major brownie points if you are able to expand their email list). Lastly, investments in email marketing tools, which automate many tasks, will be part of your only startup costs which are very low.
What if I told you that brands that use a digital footprint hire real people to offer feedback on their websites? As a result of the opinions, they can identify issues that their developers may not have adequately identified.
You can hire freelancers to work for you and start your own company to test websites. As your employees navigate a company’s website during projects, your employees will be given a set of questions to answer.
A video will be used to communicate their initial opinions on the current user experience and how it can be improved. Websites such as UserTesting, Ferpection, and TryMyUI are great places to find work.
Suggested Read: Web Application Testing: 6 Easy Steps to Follow
Opening a digital event planning company can be a great small business idea that can get you high profits once you start your company. There’s nothing much needed to get going with digital event planning.
It involves planning, organizing, and reporting digital events such as webinars and online summits for various companies. However, you can earn money by charging an hourly rate for your service, selling sponsorships, and many others.
So, you can still channel your inner facilitator by planning digital events for businesses if you have ever dreamed of becoming an event planner but never had the time or opportunity.
Employers are eager to hire the best employees for their companies, and almost every industry has open positions. A niche staffing agency’s role is to connect employees with employers within a specific industry. Therefore, determine the type of positions you’ll be filling (junior? mid-level? C-level?) to identify the right candidates for the job.
Furthermore, make sure your agency communicates the employment terms to potential candidates. You as staffing agencies can be either temporary, temporary-to-permanent, or long-term, depending on market demands.
There is a booming business with low investment in helping high school students get into college. Market research firm IBISWorld estimated the testing & educational support industry would turn over $17.9 billion in 2021, so your business could be very successful if you can break into the market properly.
However, your first step is to choose an area of college prep you’d like to specialize in. Therefore, offering ACT tutoring or helping students practice admission essays are examples of what you can do. After you’ve narrowed your focus, you should register and convince students about the business.
Are you acquainted with people who aren’t proficient with computer software? If so, you can establish your own software training business and enroll students every month. A student might be an entrepreneur building on their IT skills or a small business owner seeking to master software like Excel and PowerPoint. Putting your expertise to use by teaching most classes allows you to lead from the front.
Depending on the level of growth of your business and the number of students who enroll in your courses, you can hire freelance software experts to instruct students. Consider offering virtual classes to keep costs low and expand your company internationally. Although you can rent out space for classroom lectures, consider offering them to expand your business.
According to Video Marketing statistics, videos are viewed on devices by 85% of internet users in the US. Therefore, it’s very obvious of an increasing demand for people skilled at recording, editing, cutting, and publishing videos. It is, therefore, possible for you to start a profitable video production company.
Basic lighting equipment, wireless microphones, cameras (and lenses), and editing software like Adobe Premiere or Final Cut Pro are the necessary initial investments. Additionally, to minimize startup costs, look for second-hand versions of some of this equipment.
However, produce video content for company YouTube channels, manage wedding and graduation videography, and so on. Even though you’re not limited in your choices, focusing on a niche makes it easier to stand out in a crowded market to get high profits with low investments.
It’s pretty obvious that a virtual studio is a plus: you don’t have to rent a big space, and you can record, publish, and share choreography at any time. Dancing is one of the best small home business ideas without high investment that you can consider, as you can even teach classes from home.
In addition, you can have as many students as you like enrolled in your classes. Video conferencing software such as Zoom will enable you to create a virtual dance studio. During the live stream, you’ll also need a high-speed internet connection to prevent lag or buffering. Ensure that your students attend enough classes per month so they can become familiar with their routines quickly.
So, if you are passionate about choreographing your unique pieces, dancing schools may also be interested in partnering with you to provide students access to your content.
Become an Instagram consultant if you know the secrets to engaging your followers. By becoming so, your clients will pay you for captions that employ them, comments that address their concerns, for attractive bios, among other things.
However, these services can be monetized by charging a fixed rate per hour or by the project. Since the whole thing can be managed from a smartphone, this is the perfect small business idea for digital nomads to get high profits.
Therefore, create killer Instagram ads that engage and get people to buy from businesses to become a sought-after Instagram consultant. With the help of Upwork and other social media platforms, you can get your first client.
The best way to become a stock photographer is to register a sole proprietorship under your name if you can snap great candid shots or you recently took a portrait of a relative—no need to invest much and get a high profit out of it. Several companies, such as Shutterstock, Adobe Stock, and the like, constantly search for captivating images.
Listing a few of your existing photos on these platforms is a great place to begin. Let people download your pictures after you upload them. Many stock photography sites will pay you a royalty for every image that is downloaded from the website. Alternatively, you can develop a photography website and sell images directly to the public, which is only viable if you have the financial resources to market your business.
This is one of the best creative business ideas if you are good at design, or if you just like showcasing your artwork on physical items. You’ll need a few designs ready before you start searching for clients. Tools like Canva and Photoshop make creating custom card designs easy.
Additionally, you will need to stock up on the supplies you’ll need to create greeting cards. Buying your supplies wholesale can save you a lot of money. If you’ve sorted out your inventory, you can start marketing your business on Facebook, Etsy, and other similar sites to begin generating revenue.
If you’re an expert in art, mathematics, or another subject, then you can start an online tutoring business. Having a bachelor’s degree in the subject you intend to teach is an essential prerequisite, so make sure you complete the course before you begin. Skooli and Tutor.com are sites where you can find online tutoring clients.
Teaching subjects related to your area of expertise will allow you to share your skills and knowledge so that your students’ learning experience will be improved. So, one of the easiest online businesses to start is online tutoring, as it allows you to deliver lectures and communicate with students over Skype.
Is your ability to predict fashion trends often praised? Do your family and friends seek your advice on clothing? If so, personal shopping can be a lucrative business for you. Clients who are struggling to find their style can use personal shoppers to find clothing items that suit them. Your duties include analyzing the wardrobes of your clients, visiting websites, and selecting items that they will like.
To get started in this business, you don’t need to shop offline because there are all kinds of clothing products on all kinds of online clothing boutiques. A personal shopper does not require any special certifications or degrees. If you’re looking for low-investment business ideas, personal shopping may be a good choice.
Every day there are more and more people struggling to cook nutritious and healthy meals because of a lack of time. As a result, meals-to-go businesses have sprung up offering various cuisine options.
By creating a business in your city, state, or neighborhood centered around meals-to-go, you can cash in on this trend. It isn’t necessary to invest in developing a large commercial kitchen, as is commonly believed. Shared rental kitchens can also be used to manage meals-to-go businesses.
All of the essential supplies are usually brought to these locations, which can be rented monthly, daily, or hourly. Using websites like The Kitchen Door, you can locate commissary kitchens that are licensed for shared use.
Unemployment is on the rise, and the job market is saturated, so finding employment is not a problem for many people. In case you are good at helping your friends and family to find jobs, you probably can help others as well.
Get into career coaching to help other people figure out what are the best careers for them, how to nail an interview, and what characteristics define a good candidate. Using platforms such as Coach. me or Facebook groups, you can search for clients.
One of the best things about this business is you can make money by doing 4-5 hourly sessions a month. Additionally, you can coach multiple individuals at once. A career coaching program may be the right choice for you if you’re looking for good business ideas that don’t eat up too much of your time.
There you go! We have compiled a list of 25 low-investment/no-investment small business ideas in 2022 that will make you highly profitable. You just focus on one idea at a time until you discover one that aligns with your abilities to improve your chances of success.
However, the ideas behind these businesses have been implemented by thousands of entrepreneurs to generate revenue, so you can be sure that you are investing your time and effort into something that has been proven to work.
Therefore, no matter where you are in life, there are plenty of opportunities to earn a substantial income, whether you are a parent working from home or a college student.
