The vast majority of people in the world today believe that they need a lot of money to begin a new business. You are in for a pleasant surprise if we tell you there are a number of businesses that need very little or no investment at all but can still be run successfully and profitably with proper management. It sounds too good to be true! Read on to find the 6 best low cost business ideas that require low investment and more importantly these ideas will never fail.
1. Blogging:
Anyone with a passion and flair for writing can start blogging. You need to find a topic and begin writing. All you will need is a computer, time, and the determination to write. With these resources, one can begin blogging in two ways: as a freelancer or an employed blogger for a reputed company or website or even better, as a blogger who can begin their own blog.
To start your own blog, you need to start working from the ground up. A study on this has reported that those operating their own blogs—close to 17%—are able to earn substantially to support their families through the blogging business. Of note, good bloggers are paid close to 14 lakhs on average every year. Freelance bloggers can earn anywhere from $600 per post to $6,000 and above for an outstanding short post.
2. Catering:
For anyone who finds cooking enjoyable and fulfilling, the catering business is a perfect combination. Catering as a business has been booming and for those who are great planners and organizers with active schedules during weekends, catering can help them rake in substantial revenue. Just think about it, do what you love, and get paid for it—a win-win for all.
Catering necessarily does not mean providing lunch for 200 executives at a corporate event or a buffet or appetizers for 200 guests at an anniversary function. You can begin with small birthday parties, lunch and dinners with desserts thrown in for say 10 odd people.
3. Exercise Teacher:
The need for an exercise teacher is on the rise in today’s modern world to cater to people with hectic schedules and sedentary lifestyles who want to desperately go to the gym to stay fit, but unfortunately don’t get the time. One can earn good money as a gym instructor if one prefers working on a one-to-one basis. There are a lot of people out there who prefer the privacy of their homes to stay fit, you can be their personal trainer training them in the comfort of their homes with flexible and customer-tailored schedules.
The only prerequisite to leveraging this great opportunity to earn some extra dough is you need to be in great shape yourself. A sure win-win situation for all, you stay fit and you help others to keep fit.
4. Sewing And Alterations:
If you have a talent for sewing, you can take advantage of your skills by starting a home-based business provided you have a sewing machine. Services that can be offered are garment darning and repair, customized tailoring, and fancy button stitching and replacement. One can generate a steady flow of income through this business through a loyal customer base.
Once you start the business and gain some experience and exposure you can open your own tailoring shop in an ideal location with success dependent on quality of your work, level of customer service, and marketing.
5. Interior Decorating:
If one has a keen eye for detail and a talent for optimum space utilization to create a great ambiance with the right accessories, then you are well on your way to becoming a great interior decorator. A formal education in interior design is not mandatory to become an interior designer. Chalk out a plan with neat time-bound execution. Never miss an opportunity to advertise and publicize your talent and work.
6. Tutoring:
If is patience one of your virtues, then you start tutoring small children beginning from the basics. If a specific subject is your specialty, then you can tutor higher secondary children with better-earning potential.
Ensure that parents in and around your neighborhood know that you specialize in teaching specific subjects with the right teaching aids and believe us your phone will never stop ringing. You can reap rich dividends by starting tuition and operating a coaching center for a bunch of students at home.
