The year is about to end. Have you started a business this 2021? No matter what your answer is, if you’re looking for new low-cost venture ideas to expand your brand or want another affordable business to try, look no further and take inspiration from this list.
1. Dropshipping ($150)
A simple explanation for dropshipping would be you buying products from a manufacturer or wholesaler without storing the goods yourself. Then, you ship the product to your customer directly from your source vendor. To be successful in this business, you need to be good at marketing and advertising.
2. Cleaning services ($100)
COVID-19 has taught everyone to put extra emphasis on keeping everyday surfaces sanitized. Yet, not a lot of people have time to do that at home or at work. You can offer to clean other people’s homes, offices, and stuff for a price. The best thing about this business idea is that you don’t need a lot of training and specialized equipment.
3. Build an audience to monetize ($130)
Do you have a lot of followers on social media? Or do you have a good new content idea that netizens would be interested in? Create a social media page, market your chosen niche, expand your audience, and let brands run their ads on your platform for monetization.
4. Pet care business ($50)
People love pets. Almost every household has one. But like cleaning, not everyone has the time to take care of their furry family members. If you have extensive experience with handling animals, this could be the right venture for you to start.
5. Resell hosting business ($50)
Starting a reseller hosting business requires you to have technical knowledge about web hosting, programming, and website maintenance. The price of dedicated servers you can rent depends. You can start by renting a $100 server and have someone else rent it for as much as $1,500.
6. Selling NFT collectibles ($0 – $900)
Non Fungible Tokens (NFTs) are a fad nowadays. You can get them from playing play-to-earn games and have them exchanged for cryptocurrencies before converting them to fiat money. There are a lot of games you can try online and each has its own game genre. You just need to choose which game you enjoy playing.
Some games are free like the MIR4, an MMORPG where you need to buff your player’s power score to mine dark steel, smelt it to Draco Tokens, and convert the tokens for real money. Then there’s Axie Infinity, a Pokemon-like game in which you can convert Smooth Love Potions for Ethereum. However, games like Axie need you to invest by buying a team in order to play.
7. Baby products ($300)
There is a growing trend nowadays of parents not wanting to buy baby products from established companies due to safety concerns. You might have the knowledge, skill, or talent that you can sell to supply this new demand. Baby products can be anything like cribs, high chairs, baby soap, and grooming products.
8. Children’s toys ($400)
As a follow-up to baby products, infants will eventually grow up and need toys to play with. You can start a doll-making business and sell them to families who don’t like fragile toys with expensive price tags. Don’t limit yourself to that. Try making skateboards, scooters, board games, and building sets as well.
9. Tax preparation / Bookkeeping ($0)
It’s no secret that adults are busy and sometimes lazy people. There are others that would even forget to do their taxes which gets them into trouble with the IRS. This is where you can come in. If you have good knowledge about taxation and love numbers, you can offer your services to people who don’t want to prepare their own tax returns.
10. Online or In-Person English Tutoring ($0)
English is the world’s most spoken language. More and more people, young and old, all over the globe want to be fluent at it for job opportunities. The best thing about being an English tutor is that you will also learn the language of your students.
Do any of these low-investment business ideas interest you? If you’ve found one, learn more about it by researching online how to start and its strategies for success. Remember that the startup costs vary. The estimates given above may be bigger or smaller than the actual business starting expenses.
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