The most successful businesses start with a solid business idea. Selected for traders with limited access to capital, the cheap and lucrative business ideas presented here require little initial investment in upfront and running costs . You can even start them from home .
Learn about some popular low-investment business ideas that offer high profit potential.
Table of contents
- 16 cheap and lucrative business ideas with high profit potential
- 6 Helpful Resources to Start Your Low-Cost Business
- Frequently asked questions about cheap and lucrative business ideas
16 cheap and lucrative business ideas with high profit potential
- Start an online shop
- Offer online tutoring
- Get started in affiliate marketing
- Start a Marketing Consulting Company
- Sell merchandise
- Become a Personal Trainer
- Create online courses
- Start a Dog Walking or Pet Sitting Business
- Offer social media management
- Become an event planner
- Start a car wash business
- Start a photography business
- Offer freelance writing services
- Start blogging
- Try Content Creation
- Explore Career Coaching
If you want to achieve high profit margins , uae email list you’ll have to put in some work. But the process should be both tedious and satisfying. Fortunately, there are a number of ways that aspiring entrepreneurs can start a business – even on a limited budget. Check out the following cheap and lucrative business ideas and prioritize the ones that best fit your interests and skills.
Start an online shop
Start an online business with an ecommerce platform like Shopify . Ecommerce platforms typically offer customizable designs, find out who your closest competitors are, look at domains that use the same keywords secure payment processing, and comprehensive reporting on inventory and customer behavior.
Start by brainstorming online business opportunities that match your strengths. Create a product or service that fills a gap in the market and write a detailed business plan . Determine your target audience , define your brand, burkina faso leads and develop marketing materials. With time and dedication, you can turn even a small investment into a thriving online business. Patch Plants uses Shopify to sell plant products.
You can also try something called dropshipping . This business model involves third parties fulfilling your orders, so you don’t have to hold stock or manage inventory. This can be one of the most profitable small business ideas for beginners – if you do it right.
Offer online tutoring
Another idea for a side job is offering tutoring. Depending on your expertise, you could teach subjects like English, math, and science, or teach specialized skills like programming and video editing. Alternatively, you could start a test prep business for tests like the high school diploma.
Online platforms like Preply can connect you with paying students for a small fee.
Get started in affiliate marketing
Affiliate marketing means promoting another company’s products, services, or brands through an affiliate link that generates income when clicked. Affiliate marketing is a great freelance business idea that leverages your network to encourage actions like purchasing products, signing up for newsletters, starting trials, or downloading apps.
Start by joining an affiliate program that connects you with companies that pay for affiliate partners. Search the Shopify App Store for affiliate marketing apps . Although affiliate marketing can be an inconsistent source of income, you’ll earn more if you already have a strong social media presence.
Start a Marketing Consulting Company
If you are able to understand and develop digital marketing strategies, your own consulting business could be an exciting option. For example, you could offer services such as search engine optimization, email marketing and social media marketing .
Start by offering your services to local businesses and build your resume and reputation over time. Start a portfolio website that showcases your resume and allows potential clients to contact you directly.
Sell merchandise
Selling merchandise such as t-shirts, water bottles and USB sticks is a great option for graphic designers, social media influencers and artists with existing target audiences and a clear brand vision.
Ready to get started? Build, run and grow your t-shirt business with free training, intuitive tools and dedicated support.
For example, in an episode of Shopify Masters, entrepreneur Gourmet Délice shares how selling merchandise through Shopify benefits his record label Bonsound . “There are only 24 hours in a day. If your focus is only on the profitable business, it’s hard to create,” says Gourmet. Selling merchandise through Shopify has helped bands supplement the money they earn from gigs and generate sales with minimal time and startup effort.