Business Ideas With Low Investment
At some point in time, I'm sure you will start thinking how to make extra income or have the the idea of being your own boss and start a business. Usually you spend time considering the ideas but ultimately restore back to your comfort zone and dream about the lifestyle of earning extra income all over again.
Therefore in this post, I have listed down the top 10 business ideas with low investment and high returns which you can take action today! No more thinking about it, pick one and start...
1. Affiliate Marketing
Affiliate marketing is basically a model in which companies compensate you to generate traffics or leads to their products or services. In short, it is the process of promoting somebody else products/services.
Start a blog of your interest and provide great content. Having a blog can become your potential source of passive income. Bear in mind that it takes hard work and don't expect the money just come rolling in. With a blog presence online and the knowledge of monetizing it, you can sell anything from informational products, ads space, sponsored post, coaching, ebooks and many more.
3. E-Commerce Platform
This is the best way to start if you want to earn extra income solely online without internet marketing experience. Most 3rd party e-commerce platform has optimized their website and it will be easier for beginner to start here.
With the e-commerce route, you have to source for products and sell it at a higher price. Find a niche product and start selling online.
4. Drive For Grab/Uber
No sweat no gain. The prerequisite of becoming a Grab/Uber partner is that you need to have a valid driving license. This is one of the fastest way to have extra pocket money for your splurge as the more you drive the more money you can make. You are your own boss in a certain perspective and can work at your own timing. I will not encourage people to go in full time on this if you have a steady paycheck, but if you want to have your first pot of gold for investing in your business. Yes, this is fast money to certain extent, as the payout is in a weekly basis.
5. Errand Runner
In this fast-paced busy lifestyle, there is an increase in demand for errand runners and it is a good way to make a little extra. Usually they are paid in per hour basis or per tasks. Typically, errand running jobs often involve everyday chores like picking up or delivering packages, doing the groceries, walking the dog, etc.
Most people hire errand runners so that it will efficiently carry out the tasks and chores they need to do, giving them time for themselves and other things that matter more. At the same time, reduce their stress and hassle. You will be please to learn that you can do it full-time earning enough cash too.
Sell your photographs online and make some cash. If you are a newbie, you can capture any shots (be it digital or printed copies of your work) and sell it to stock websites or companies. If you already have the skills and knowledge, you might want to pass the skill to others by teaching photography, conduct workshops or organizing photography tours.
One example is many individual rent their apartments and desperately need stunning pictures of their interior. Many fails to rent out at high price because of boring shots. So, make friend and start with your neighborhood, slowly it might become a long-lasting business for you. And remember to have an online portfolio to showoff your amazing photos to business owners.
7. Freelance Writer/Editor
Writing is one of the essential skills that every business needs to have. It is the best way to communicate about their products or services to online viewers or clients. If you are a natural writer with good grasp of grammar and spelling, there are plenty of ways for you to earn through writing and editing.
As a writer, you get various opportunities to establish your business by offering to write blogs, technical articles, books, editorials, resume and cover letters etc.
As an editor, you can offer your service to edit magazine, newspaper articles, blogs, books, indexes, web contents, ghost articles, etc.
Get started somewhere and once you're reliable, I'm sure the same person/company will desire for your service more than once.
8. Make Money Doing Micro Task Online
Micro jobs online are tasks that you can complete in just minutes. It doesn't require much investment in your time which includes:
- Read and comment on blog posts
- Watch videos
- Like and share something on your social media
- Rate a product / service
The payout can be around $0.20 or $0.30 for a few minutes of work.
If you are bilingual, this opens a lot of possibilities for work-from-home jobs, such as bilingual call centers, translation jobs, interpretation, localization, online teaching, and more.
10. Create Online Course
Be an expert in a field and create courses which can benefits others. Share your expertise online and earn from it. Of course, your materials have to be valuable and not bits and pieces. This is no easy way for beginners, and absolutely going to take some work and investment. However, this is pretty close to a 100% passive income because you work on providing the course once and just have to maintain it by keeping it up-to-date.