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From Deepika Padukone to Priyanka Chopra and Alia Bhatt, everyone is interested in becoming entrepreneurs today, and the definition of true success is also changing. In an age full of business people, one might be looking for business ideas. But the dream of these budding entrepreneurs gets crushed when they look at the amount of investment required to create a business. But don't worry, we have some of the best low-investment business ideas that one can get started with and take the first step in building their empire like the Tatas or the Ambanis.
A low-investment business is one that does not require large funds to get started. These businesses are also low-risk and can scale to a large size later on. Although it seems very easy to start a low-investment business, it is also difficult at the same time. As it requires a lot of time, effort, and skills to run it. Today, technology has made it very easy to get a business started from zero and scale it to millions. With just a computer and a stable internet connection, one can acquire a lot of skills that one can later turn into a business. Some businesses also require physical skills more than technical skills, which we will later discuss in this article, but even if it is a fully physical skill-based business, adding some tech to it can help you scale it up quickly. Let's see what these business ideas are.
Business ideas can be classified into different types based on the nature, investment, and risks involved.
One doesn't need to worry about the initial funding to get started with their business anymore. In today's digital world, everything is possible without much hassle. Here are some of the best low-investment business ideas that one can get started with and earn a lot of profit from in 2023:
Content creation has become one of the most popular low-investment businesses, especially among the young generation. Once one has a good reach on their videos and posts, they can easily start to earn a good amount of money through various social media platforms. For this, one needs gear to shoot videos and some speaking skills, with design and writing involved. A stable internet connection is also a must. While it may appear to be a simple business to start, creating content requires a significant amount of time and effort consistently. One can eventually pivot their online audience reach to create other ventures. For example, if one starts a business with 10k followers/subscribers, many of these followers would want to try the products that one is launching.
Currently, in India, there are a lot of opportunities available in the field of digital marketing. Especially after the COVID-19 pandemic, every customer is using a smartphone for most of their needs, so it has become important for businesses to market themselves online. Digital marketing can be learned easily through several online courses. One can start as a freelancer or set up a digital marketing agency by making a small investment. This is a service-based business, so one will have to hire a few people who can run it without automating it, unlike in a product-based business. Here are a few skills that one can learn and get into the field of digital marketing:
Dropshipping is a new business idea that is getting the attention of budding entrepreneurs. One can easily start an eCommerce business with the help of a few online tools. One doesn't even need to keep stocks of products to get involved in a full-fledged eCommerce business. Here are the steps involved in dropshipping:
Kids always want new toys, even if they have a lot of them at home. Toys are always in demand, so setting up a toy factory can be a nice idea for a low-investment business. One can buy raw materials from the wholesale market at low prices and create expensive toys out of them. Innovative ideas for making toys can be found online or through various traditional artists. This business can be set up as a B2B business where one can sell the toys to other big factories. Or a B2C business where one can sell the toys directly to the customers.
People appreciate it when they can get a complete package planned out for them that includes all of the important places in a city. One can easily set up a travel service business and start earning instant profits. For this, they have to plan out a travel experience and tie up with major hotels and bus services to earn profit. Initially, one can also tie up with a big travel agency and bring them clients to earn a client-based profit.
So today, it is not so tough to get one's business started and slowly build it into an empire. These low-investment small business ideas have already made a couple of people millionaires. With the help of technology and a few skills, one can create content, open a digital marketing agency, a toy factory, a dropshipping business, or even a travel service business. A successful entrepreneurial journey is only a few mouse clicks and efforts away!Our business loans are perfect for people who are looking to start a low-budget business and need a small loan for it. We provide the best rates for small business loans.
Policies, Codes & Other Documents