Top Low-Investment Small Businesses You Can Start Today

Whether it’s the freedom to be your own boss or grow your money-making capabilities by a large margin, starting a small business can be a profitable step for most individuals. In an era where entrepreneurship is glorified, several financially savvy individuals are looking to start a venture of their own. Starting a business, however, comes with its own set of challenges; not everyone can afford to quit their job or invest a better part of their paycheck to fuel their business aspirations. That’s when personal loans can come to your rescue. Whether you want to start a side gig or develop a profitable business to generate passive cash flow, our simple list of small business ideas can give you enough food for thought. Read on.

Sell Custom-Designed T-shirts

T-shirt designing and printing has become a sought-after idea in current times. Individuals with a sense of creativity and design skills can create custom-designed t-shirts and sell them for a decent profit. Can’t design a t-shirt by yourself? Worry not. You can easily hire a skilled freelance designer on several freelancing marketplaces such as Fiverr or Upwork. Outsource the designing work to a freelancer, as mentioned earlier, and partner with a dropshipping company to handle the shipping for your company. All you need to do is select good designs, get them printed, and hand them over to your dropshipping partner. This way, you can pocket a sweet profit every month and have endless cash flow on the side.

Sell Homemade Goods

Individuals with a knack for making DIY products can simply start an online store and sell their DIY homemade goods. You can sell a wide range of homemade goods such as scented candles, pickles, sauces, handicrafts, pottery, lanterns, and so on. The list of all the homemade things you can sell online is nearly endless. At a time where online selling has become much easier, there is virtually no barrier that will prevent you from profiting from your DIY skills. While making goods regularly, handling inventory, and shipping can be daunting, you can start by selling small batches and gradually start handling larger batches. Simplify matters by partnering with a dropshipping company and let them handle the hassles of shipping for you.

Create Online Courses

What cannot be taught through a book can be effectively taught through an online course. While you can share your insights and experiences from your professional background through a book, teaching art, cooking or yoga can be better delivered through the means of an online course. What’s more, some people are better accustomed to discussing and speaking about something they are good at, than writing about it. If you too believe that writing a book is not your forte and would like to choose another medium for sharing your valuable knowledge and skills, creating online courses is what you could do.

Start a Fashion Boutique

Do you think you have a good sense of fashion? If yes, starting your online fashion boutique can be a great small business idea for you. Although fashion designers with a degree in fashion or fashion technology may have an added advantage when it comes to starting a boutique online, you can even be a self-taught designer and still excel in this line of business. All you need is a refined taste when it comes to choosing and curating products from different vendors available online. Be it shoes, dresses, or jeans, once you start picking out high-quality products and enlisting them in your online fashion boutique, customers will flock to buy your products.

The Last Word

In the generation of the internet, there are endless avenues to turn your skills into a handsome profit. While starting a side business looks easy on paper, challenges such as a lack of initial investment end up discouraging several individuals from pursuing their business idea altogether. Do not let the lack of capital stop you from fulfilling your dreams. Reach out to KreditBee, your trusted personal loan provider that offers a range of personal loans at competitive interest rates and comfortable repayment tenures. Download the KreditBee app from Google Play, apply for a loan to start your business, and get things going.