Starting a business can seem like a big task. But the amount of time, money, and risk involved depends on the business idea you pursue.
Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and startup costs and more on getting started.
These low investment business ideas are a great entry point for beginners, beginners, or anyone with a busy schedule, allowing you to run a side business without having to drop everything else.
You still need to have a solid idea, build a brand, push yourself in marketing, and provide great customer service. But you can avoid many traditional start-up costs, such as starting inventory, storage, and retail space.
These are some of the low investment business ideas that you can start today.
Best Minimal Investment Business Ideas
Buy stock, save it, pick it up, pack it, ship it. Managing inventory can be a huge undertaking when you’re running a business.
Dropshipping is a fulfillment model in which an external vendor stores and ships inventory to customers on your behalf. You just need to make the sales and pass the orders to your supplier; you do not need to handle the products yourself.
You can select products from one or more vendors in your own online store under a theme that focuses on a specific niche, such as equipment for yoga enthusiasts or water bowls for dog owners. When a customer buys a product from you, the order is sent to your wholesaler/manufacturer, who fulfills it.
There are both local and foreign suppliers you can work with as long as you can build a relationship with them based on trust; an unreliable supplier will not be reflected in your brand.
Dropshipping is a low investment way to test the product’s suitability to market and launch a business before investing in your own original products. Just be sure to always order a sample for yourself to make sure your supplier is trustworthy and the quality of the products is fit to sell to your customers.
Hire experts to build dropshipping online store for you.
2. Print on Demand
Print on demand, puts inventory, shipping, and fulfillment in the hands of a third-party vendor. But unlike the dropshipping idea above, the focus here is to customize these products with your own designs to create something original.
You can sell T-shirts, hats, phone cases, hoodies, skirts, tote bags and more. You can come up with clever developer slogans or references that resonate with cat owners – if there is passion and pride within a community, there is a potential t-shirt business you can start.
Even if you’re not a designer, you can hire a designer to work with using freelance sites like Fiverr, Upwork, Dribble, or 99Designs.
With many print-on-demand services, you are paying per product, so the base unit price will be more expensive than if you ordered it in bulk. But the advantage is that if a certain shirt design doesn’t sell, you haven’t paid for the item yet (only the design if you outsourced it).
You can even use t-shirt mockup templates so you don’t have to spend money on an entire photoshoot for each new design.
There are a variety of print-on-demand platforms you can work with, many of which can be integrated with your Shopify store for hassle-free ordering. However, be sure to always ask for a sample of your product (often offered at a discount) to make sure your custom products look good You can hire a Shopify Expert to build your professional Print on Demand Store.
3. Sell Book
A book is just another type of product when you think about it. And as such, you can create one to meet a particular demand in the market.
Cookbooks, Picture Books, Comics, Poetry Books, Picture Books, Board Books, and Novels – If you have the knowledge or creativity, there are a variety of original books that you can bring to market.
Print-on-demand publishing is a relatively safe way to test the waters and get started with desktop publishing, while also giving you control over the quality and appearance of your book.
Lulu Xpress and Blurb are popular platforms for this purpose, allowing you to create, order, and distribute your own books as physical and digital products.
While you can order one book at a time, costs naturally drop when you buy in bulk. You may consider pre-selling or crowdfunding your book idea to ensure there is demand and to secure a certain number of customers for a bulk order.
Launching your own book can be a great way to monetize a blog if you have one or are looking to start one.
4. Sell Digital Products or Courses
Digital products like apps, music, courses, and templates are unique on this list of ideas. Unlike the others, they are not tangible products. There are no recurring manufacturing or shipping costs to worry about, so your margins can remain high.
Best selling digital products range from original instrumental beats to stock photography that can be licensed to other creators, to information products and templates that help people improve their skills in a particular field.
Shopify offers a free digital download app that allows you to offer digital products in your store just as easily as physical products.
If you are not tech savvy, you can hire Shopify Experts to build your store to sell digital products and courses.
5. Sell Customized Posters, Greeting Cards and Invitation Cards
If you are artistically inclined or can handle a camera, you can use a print-on-demand business model to allow others to physically own a portion of your work.
If you already have an engaged online following, say you’re a cartoonist or an urban photographer, you’re in an especially good position to test this business idea.
You can print and sell products such as posters or framed wall art, even greeting cards. There are many digital templates and mockup generators like Place.it that you can use to display your products without having to print each item and run your own photo shoots.