Contrary to popular belief, there are many ways to start a business that let you focus less on the logistics and costs and more on getting started. But you still need to come up with a solid idea, build a brand, put effort into marketing, and provide excellent customer service.
We have compiled five businesses ideas that require a small investment:
1. Dropshipping and logistic
It’s a fulfillment model where third-party supplier stores and ships inventory to customers on your behalf. It’s one of the easiest businesses to start because it’s low overhead, hands-off, and scalable. Dropshipping is also a low-investment way to test product-market fit and launch a business before you invest in your own original products.
Ecommerce websites
It is one of the easiest ways of starting a business. All you need is a website and the products you want to sell, it can be anything like jewelry, shoes, or even everyday household items. And you don’t even need to sell your own products, you can simply curate items from other vendors into your own online store by using the dropshipping idea we’ve discussed earlier.
Join an affiliate marketing program
Affiliate marketing refers to a performance-based marketing tactic where a business pays people, to promote a merchant’s product or services through some link provided (aka affiliate link).
No need for high investment, you are selling other people’s products. Every time an affiliate brings in a new customer, they receive a commission from the business. And the number of sales and transactions amount involved determine that commission.
4. Virtual event planner
It requires a large amount of hard work to acquire the first clients in an event management business but it can grow faster as it caters to a larger audience. Virtual event planning is growing at 23% per year, the significant rise in business events and adoption of virtual tools for conducting meetings will keep this market growth high.
Many event planners start their business working from home. This can be a great model for setting up an event planning business as it keeps overhead costs down in those critical early stages of business and can maximize productivity.
5. Social media services
The pandemic pushed more people onto social media than we’ve ever seen before. As of October 2021, there are over 4.2 billion active users around the world. That’s more than half of the population.
Social media users with an intimate knowledge of platforms and a robust familiarity with internet marketing practices are ideal candidates for this line of work. It’s the perfect job for digital nomads to make money online and start a business with little investment.
This low investment business includes services like Ghost-writing for businesses, posting on blogs, Facebook, LinkedIn and Twitter accounts & Facebook pages. Overall you need to take care of a brand’s social media presence and get the traffic and customers through social media.
If you have the idea but don’t know how to start, take the plunge, 2022 is your year. Contact us!
