You are probably brainstorming for some business ideas, right? It’s very important that you start a business which is profitable, otherwise, you would just be wasting your precious time and hard-earned money.
There are all kinds of businesses these days, so choosing one is extremely hard and confusing.
Every journey begins with a single step, so make sure your first step (Choosing the type of business to start) is done right.
Without further adue, here are 10 small businesses that you can start with a low investment. Whether you are looking for a total career change, or just want to generate side-income, these ideas will definitely work out.
If you can cook well, start a food catering business. If not, just hire 2-3 talented cooks and get the ball rolling. You can work on a contract basis, where you cater food to special occasions, such as parties, weddings, events and etc.
Are you a passionate photographer? Then take that passion and start profiting off of it. Buy a good camera and build your online presence by showcasing the best photos you have taken, and get hired to take photos at weddings, parties, events, and meetings. Before you know it, you will be an owner of a photo studio.
If you love cars and know how to repair them, starting a mechanical business would be the best choice. Rent a small garage, buy all the tools required, and hire 2-3 mechanical engineers to handle more customers at once.
If you have experience in any field such as web designing and accounting, sign up on freelancer.com and upwork.com to start earning. Build your profile by completing projects, and getting good reviews. This is a good way to quickly start earning, but the competition is extremely high in fields such as web/app development.
Blogging requires a lot of patience and time to get to the point where you start earning a decent amount. But when you do, your income will be just as much, or even greater than the other businesses mentioned so far in the list. Google Adsense and many other affiliate programs will boost your income, if the blog is getting lots of traffic.
Why not start a business where you sew, alter, and repair clothes? This is the perfect business for you if you are creative, and has a good taste for fashion.
Get paid for coordinating people’s weddings, parties, and events. This business is great if you are well-organized in your personal life.
Hire 1-2 talented carpenters and sell your own branded furniture for a profitable price.
If you are good at managing your money and keeping detailed records of your earnings and spendings, this business is perfect for you. You can even integrate financial counseling with this business.
Start a Shopify store within minutes and drop-ship items. The basic concept here is, when someone purchases a product from your online store, you will purchase it from Amazon for a much lower price and ship it to them. The shipping part is done automatically via plugins.
If none of these businesses are your type, don’t worry. It’s not the end of the world, you just have to keep brainstorming.
The key to choosing the right business is to first understand what your strengths are. Whatever skill you may have, there are people who are willing to pay for it. So never underestimate your “hobbies”. There is no shame or harm in profiting off of something you are passionate about.