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Low Cost Online Business Ideas With High Profit
Contrary to popular belief, there are actually many ways to start a business that allow you to focus less on logistics and upfront costs and more on getting your ideas off the ground. Let’s first overcome the big mental hurdle: “I want to start a business, but I don’t have any ideas.”
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These 26 small business ideas are a great entry point for beginners, bootstrappers, or anyone with a busy schedule, and allow you to take care of your business without giving up everything else.
To help you find the inspiration to get started, we’ve compiled a list of over 100 in-demand business ideas, divided into categories like fitness, clothing and gaming.
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Buy, store, pick, pack, ship stock. Inventory management is a big commitment when running a business.
Dropshipping is an easy, low-cost business idea to start and is the first of our good business ideas. Dropshipping is a business model where a third party seller sells and ships to customers on your behalf. It is one of the best businesses to start because it is low-cost, affordable and scalable.
You don’t have to get the products yourself – just sell and place orders with your supplier. In fact, it is one of the fastest and cheapest businesses to start.
You can choose products from one or more suppliers in your 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 supplier, who fulfills it on your behalf. However, you are still responsible for your marketing and customer service.
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There are both local and external suppliers that you can work with as long as you build a relationship with them based on trust – an untrustworthy supplier will reflect poorly on your brand.
Dropshipping is a great way to test product-market fit and launch a business before investing in original products. Be sure to always order a sample for yourself to make sure that your supplier is reliable and the quality of the products is suitable for selling to your customers.
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Another dropshipping model puts print-on-demand, inventory, shipping and delivery in the hands of a third-party supplier. But unlike the download business idea above, here the focus is on customizing products with your own designs to create something original.
T-shirts, hats, phone cases, hoodies, skirts, totes and more become a springboard for your creativity. You can think of clever slogans for promoters or referrals to cat owners – if there’s excitement and pride in a community, there’s a potential t-shirt business you can start.
Even if you’re not a designer, you can find someone to work with using freelance sites like Fiverr, Upwork, Dribbble, or 99Designs.
With many print-on-demand services, you pay per product, so the base price per unit will be more expensive than if you ordered in bulk. But the upside is that if a particular t-shirt design doesn’t sell, you still haven’t paid for the item (just the design, if you outsourced it).
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You can even use t-shirt mockup templates so that you don’t have to spend extra money on full photography 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 store to seamlessly fulfill orders. However, be sure to always order a sample of your product (often offered at a discount) to make sure your custom products look good.
A book is another product when you think about it. That way, you can create one that meets a specific market demand.
Cookbooks, picture books, comics, poetry books, picture books, coffee books and novels – if you have the knowledge and creativity, there are a variety of original books you can market. The options are endless – that’s why it’s one of the best small business ideas to start.
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Print on demand is a safe way to test the waters and start self-publishing. It also controls the quality and appearance of your book.
Lulu xPress and Blurb are popular platforms for creating, organizing and distributing your books as physical and digital products. You can also sell it on third party marketplaces like Amazon or Powell’s.
While you can order a book one time, the cost naturally drops when you buy in bulk. Consider pre-selling or pre-ordering your book idea to ensure there is demand and guarantee a certain number of sales so you can feel confident when placing a large order.
Publishing your own book can be a great way to monetize a blog if you have one or want to start one.
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Digital products like music, courses, podcasts, and templates are unique on this list of affordable small business ideas. Unlike others, they are not flexible. There are no recurring manufacturing or shipping costs to worry about, so your margins can stay high, which makes it another challenge because it’s one of the best businesses to start.
The trick is to learn what makes a good digital product. What is useful enough that people are willing to pay to download it?
Answers range from original instrumental hits to stock images that can be licensed to other creators to information products and templates that help people improve their skill sets in a specific area.
If you have a talent that can be turned into a digital product, consider packaging it into a new income stream.
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Has a free Digital Download app that allows you to offer digital products in your store as easily as physical products.
If you’re artistically inclined or know how to use a camera, you can pursue a print-on-demand business model to let others physically own some of your work. Just make sure you have the rights to the content you want to publish or that you are using public domain material that you are free to monetize.
If you already have a relevant online following—say, you’re a cartoonist or urban photographer—you’re in an especially good position to try this small business idea.
Depending on the printer you work with, you can turn your work into products like posters or framed wall art, even greeting cards. There are many inexpensive digital templates and mockup generators like Placeit that you can use to showcase your products without having to print everything and run your own images.
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In our free 40-minute video workshop, we’ll take you from your product idea to setting up an online store to getting your first print-on-demand sale.
With a mission to run a business and provide a profit for a cause, it offers social entrepreneurs a unique way to place their company in the market while solving the problems they care about most.
While many social enterprises offer their own original products, you can also take one of the inexpensive small business ideas above and partner with a nonprofit organization or implement that social good on your own, as long as you be clear about it. works
As part of your marketing, you can share the influence of your customers by supporting your business, such as a blog post featuring your work in the community or a real-time influence calculator on your .web site.
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The Give & Grow app makes it easy to partner with donors and embed your mission in your business. You can set it up to donate an amount or percentage of sales, or ask customers to add a donation at checkout.
Offering services isn’t passive, but it can certainly be a profitable way to get freelance work. With service based small business ideas, “time” is your greatest asset and investment. You only have a limited number of hours in your day. However, if you have skills that are in demand, this makes it easier to get up and running.
Writers, graphic designers, virtual assistants, SEO practitioners, cleaning service providers, dog walkers, real estate professionals and more can build a business around their skills. You can offer these skills as an ongoing service or start a consulting business that provides project consulting.
It is one of the best business opportunities because it can be expanded with any of the other ideas above to create additional revenue streams by “producing” services through physical or digital goods.
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