10 Low Investment Business Ideas in 2020

by commitbizadmin 22, Jun 2020

10 Low Investment Business Ideas in 2020

Setting up your business can seem like a mountain of a task. But the amount of time, risk and money, involved all depends on the business idea you chase. Conflicting with the widespread belief, there are many ways to set up a business that lets you focus less on the logistics and upfront costs and more on getting started.

Today we see many young and dynamic people want to quit 9 to 5 jobs and start their own business, but the majority of them are running out of the right business idea. And launching a business can be pretty expensive and, the trouble is, most entrepreneurs when they are first starting don’t usually have a ton of money to fund themselves. If cash is what’s holding you back, you will be pleased to know that there are many low investment business ideas you can try out to get your own business up and to run, even on a meager budget.

1.Social Media Consultant

The most significant benefit that social media offers is that you can target your audience based on various demographics parameters and interests and run campaigns accordingly. Businesses are shifting towards the implementation of social media-based promotion campaigns. This has led to the creation of heaps of job opportunities. Many small and big organizations need social media consultants who can plan, post, organize, and accomplish their social media campaigns and drive organizations into their companies.

2.Catering Facility

You don’t need luxurious premises to run your own catering company and could even function your service from home, keeping overhead to the least. People and businesses are eager to pay for quality caterers making this business money-making for those who work hard and have the willpower to succeed.

3.Cleaning Services

Everything that you need to start your cleaning business is a vacuum, polish floor cleaner, and preferably a car. With comparatively low overhead, little in the way of training required and a service that is always in demand, cleaning can be a rewarding business to get into.

4.Technical Freelancer

If you have some of the geek qualities in your blood and the knowledge of any programming language, you can quickly get hired by just posting your resume and work experience to any website that hire freelancers. The investment for this business is minimum.

5.Domain Trading

The domain trading jobs involve identifying domains that hold potential, waiting for the right opportunity and then selling it to the interested parties, usually companies and organizations. Here you need to be creative and also have to research a lot. It is one of the most profitable businesses with low investment.

6.Influencer

If you have humongous followers on social media and they are dedicated to your posts, then you can start promoting products from the various company and can get paid for the promotions. If you can generate more sales to the company, there are chances that you can turn out as their brand ambassador.

7.Coaching Classes

The business of education will never stop. Nowadays, due to fierce competition, students preparing for the competitive exams need some guidance for the preparation so they join coaching centers. These coaching centers are evergreen low investment businesses with higher profits which help in spreading knowledge and train students to become adept in clearing competitive examinations.

8.Baby Sitting

If you establish a firm of baby keeping in the metro city, you will assuredly see success very soon. Most of the people in the metro cities of India are very busy. So, people will buy your services.

9.Translator

Speak a foreign language? Start translation facility. Consider specializing in a precise genre of translation, like financial, or medical translation, as you might be able to fill a niche need in your community.

10.Photographer

Start by conducting photo shoots for your family and friends. As you build a body of work, ask for referrals. Photography businesses often grow by word of mouth, so create a Facebook page where you can tag recent clients, which will show up in their friends’ newsfeeds as well.

The business as mentioned above ideas can even be collective in a range of ways to set up a company that’s exclusively yours. If the purpose of storing, sourcing, and shipping inventory kept you from incorporating a business before, begin with an inventory-free, low-investment company model and develop from there.

We at Commitbiz can help you start a business in the UAE. Should you decide to start one, contact us. We’d be glad to assist you.