The first question one asks when about to start a business is what are the best low-investment businesses? Especially if it is your first time starting a business, asking yourself what profitable low investment business is best for you is very necessary.
At 100Negocios we set out to bring together the best and separate them into categories so that you can better choose which one suits you best.
CREATIVE BUSINESS IDEAS
The most important thing when undertaking is to know in which field we can best develop our strengths, so if you have always been the creative type, these ideas will help you to exploit that potential:
Although food has always been and will always be business, with so much on offer in terms of what to eat, people are opting for the most original and best quality options they can find.
This is where artisan food or signature food comes in. If you offer food that, besides having quality and taste, offers something different and unique that the competition does not have, the business will become a success.
You can make hamburgers, pizzas and even signature drinks, a business of this type will let you be creative in a field that is always in demand.
The best thing is that you don’t have to be a culinary chef, you just need to train yourself to learn how to prepare what you are going to make and make sure that your concept is unique.
SPECIALIZED ARTS AND CRAFTS
Creative people are capable of transforming something everyday into art. If you have a talent for painting, drawing, sculpting, writing or some combination of the above, then working in art is a great option.
You can sell your work or offer your skills to make commissioned work. The most important thing if you plan to pursue art or crafts is that you learn how to turn them into a business.
To do this you must know how much to charge for your work and how you should value, pay for and distribute your time, materials, effort and skills.
Even if you are very talented, if you plan to make your art business, it is very important that you learn how to start a business, so that you do not waste your work.
This is an ideal venture for people with good taste and many friends, especially retirees who are looking for a way to make money from the experience they have gained.
This service is based on word of mouth recommendations, so it will be vital for your business to have contacts and be good at public relations.
If you have always had an eye for space and decoration, you can offer your talent to people looking to give their home a new look as well as those who are designing a business.
You can even assist in designing the concept for a business, be it a cafe, restaurant or store.
NICHE MARKET IDEAS
A niche market refers to a segment of people with similar characteristics, who consume or behave in the same way.
This means that they have specific needs that the general public does not have. When these needs are not met, a business opportunity presents itself.
SELL YOUR EXPERIENCE AND KNOWLEDGE
One of the best ideas, when you don’t have enough start-up capital to start a larger business, is to take advantage of the knowledge and skills you have.
Whether it’s in the area you studied at university or in a trade you’ve done, specialist knowledge will always be needed, so you can offer consultancy and advice to companies or individuals and charge for your services, either per session or per hour.
If you are interested in starting your own service business from home, but don’t know how, at ACADEM we have courses so you can start from scratch. ‘If you don’t have the money for a course, you can just read a few blog posts. There’s a lot of helpful information out there. For example, if you want to start a credit repair business, just look up the phrase online. You will find scores and scores of useful articles.
BUSINESS OF YOUR HOBBY
People are interested in what others are passionate about, that’s why making your hobby a business is not only a profitable low-investment idea, but also a very satisfying one.
As I said before, a niche market works with other people with similar needs or affinities, so having customers who understand and are passionate about the same thing as you will make you manage your market much better.
Whether you decide to sell collectibles, make dresses, bracelets or even cupcakes and cupcakes, making money doing things you’re fond of is a win-win.
PUT UP A LITTLE SHOP OR GROCERY STORE
Although this is a business idea that can be very profitable, it is also one of the most variable ones on this list.
First, it’s an excellent niche market idea when the location you live in doesn’t have a small store or there’s only one in a very wide area, since it will always be needed and everyone who lives nearby will be your customer.
However, to set up this type of business you will need to have some budget for the premises and make deals with suppliers to ensure that your store is always stocked.
If these conditions are met, you could have one of the most profitable small businesses out there, but that takes a lot of work
SALE OF CLOTHING (CLOTHING ShOP)
This is one of the most requested ideas nowadays because depending on what you want to do, it has a couple of variants.
If you don’t have the budget to start, you could start with an online clothing bazaar, selling things you haven’t used and asking people you know to sell or donate clothes of these characteristics.
If you want to sell new clothes and make a shop or boutique, the best option right now is to import from China. As the largest producer and exporter of clothes, the products will be very cheap and you can resell them for up to double or triple their value.
Of course, to venture into this, it is best that you know how to import from China. We have a course that will show you everything you need to know to start your business importing.
As I explained in the previous idea, if you do not have much budget to operate, starting an online store is an excellent option to start your business.
The advantage that the Internet gives you is that you don’t need to hire a local and pay for services, you can do everything from home, just with a network connection and a computer.
Of course, at first you might not have too many customers or inventory, but the idea is that you will grow. If you want to start a business of this type, you should learn about digital marketing and the basics of selling online.
IMPORT FROM CHINA
Remember when I told you that buying clothes from China is an excellent choice to start a low-investment business? Well, as the ‘factory of the world’ China offers many options to import products at low cost and start your own business.
BUSINESS SERVICE IDEAS
An alternative to the normal sale to the public, is the direct sale to businesses. This is attractive, because companies generally consume more or require bulk or bulk purchases, resulting in quick sales of lots of merchandise for the seller. Some low investment business ideas are:
- ACCOUNTING SERVICES
Every company registered with the IRS requires accounting management. For those entrepreneurial accountants, this results in a business opportunity.
Remember that between 85 and 90% of the total companies are small businesses, this results in a large number of companies that require accounting services.
Technology is a necessary resource in any business. However, we face that there will always be problems such as failures, loss of data, lack of knowledge for the use of programs, etc.
A business idea for engineers is to offer a technical support service, focused even on specific businesses, such as the programs used in the manufacturing industry (quality control, operations control, production control).
In the case of Mexico, we have seen increased insecurity for business. One business idea for Mexico is to offer security services, and in this line of business, there are several ideas, such as personal security, installation of security equipment, surveillance equipment, external protection of facilities, sale of protective equipment, etc.
In a more interconnected world of business, there comes a point where a company can expand into international markets or take advantage of international business opportunities.
For people trained in a language such as English, French and Mandarin, there are many possibilities to offer translation services for specific fields, such as the medical industry and legal aspects (e.g. translated documents for the embassy).
This low-cost business idea refers to offering secretarial services at a distance. Much of the work that companies do is intangible, for example Word documents, Powerpoint presentations, or financial analysis in Excel. A virtual assistant can help with these tasks, without having to be present in an office.
BUSINESS IDEAS FOR SERVICES
Service business ideas are the most profitable, even more so than selling products. This is because a paid service, are most useful, ie services have few costs to consider in the business. Some low-cost business ideas are:
Babysitting is always necessary for busy parents. This is a low investment business opportunity, for those who can offer a level of parental confidence, and an attractive price per hour or per day.
The worldwide generation of Baby Boomers (those born after World War II) requires specialized services for the elderly.
An innovative business idea will be to develop services not only for care, but also for entertainment, education and health focused exclusively on the elderly.
There is great ease for the consumer to obtain consumer credit, such as credit cards, mortgages, and vehicle loans. In some cases, this creates a problem, mainly because of a lack of knowledge about how to manage these resources.
A quick business idea for financial experts is to offer advice and consultancy on this subject.
MANAGEMENT OF PROCEDURES
In the case of Mexico, if you want to manage a procedure, whatever it may be, from getting building permits, to the copyright protection aspect, we usually face a difficult and complicated bureaucracy.
Somehow, this results in an opportunity for managers, who specialize in a specific procedure. For example, there are managers who specialize in obtaining credits from Infonavit, for the attention of a mortgage credit.
Generally, wealthy people do not have enough time to do their shopping. This idea refers to offering a shopping assistance service, where you charge a commission or a monthly fee for doing the shopping that the person requires.
This is a zero investment business idea, which requires mostly contact with high income people
Another service business idea is to offer specialized construction services for remodeling. For example, there are services specialized in jacuzzi installation, which sell the product, adapt it to the conditions the client wants, do not install and give maintenance.
This can be applied at a low investment level, in specific or common problems such as the installation of walls or bathrooms in a built house.
You can also specialize in repairs, which people do not have time to do. A cracked wall, for example, is a common problem in homes, and this offers a business opportunity for the builder.
It is important that in the case of repairs, you focus on competitive pricing and efficient service.
PERSONALIZED EDUCATION SERVICE
There are several low investment business ideas, such as tutorials, help in passing a specific exam, help in passing subjects, home language teaching, help with homework, etc.
Latin American culture is very focused on celebrating events, such as quinceañeras, birthdays, weddings, holy days, baptisms, etc.
A business idea of services present planning these events, getting everything from the place of the event, to the specific details of the event
Despite the advent of the digital camera, many people still go to their professional photographer, to get passport photos, title, credentials, or event photos.
This results in a business idea that must build a reputation on your behalf.
MORE BUSINESS IDEAS
While it is true that anyone can start a business, it is always advisable to develop your entrepreneurial skills before starting any type of business. Academy, is a school specialized in business issues with more than 8 years of experience. Visit it and get ready to start your business on the right foot.