Amazon’s statistics show that around 152 sellers crossed the Rs 1 crore sales mark, and in total, there are approximately 330 million digital shoppers in the world. Does this hold any opportunity for you in the online business? If you want to know, here are some low investment business ideas listed down for you.
- Advantages of online business
- Top 10 Business Ideas Worth Trying
- Handcrafted Products
- Seasonal Businesses
- Cloud Kitchen
- Baking Entrepreneurship
- Imitation Jewellery
- Fashion Designers
- Interior Designers
- Consultancy Services
- Cooking class
- Other online business
- Personal Shopper
- Online Tutoring
- Greeting Cards
- Content Writing
- Career Coaching
- Email Marketing
- Website Testing
- Print On Demand
A business idea with low investment is very eye-catching. However, most people are not sure what those ideas would be and how they could fit into their scheme of things. When you ask a marketer if which online business ideas with low investment can spike your profit, then the answer would be these ten ideas.
Here’s what you can expect from each business option to help you decide whether it’s a good fit for you.
Advantages of online business
With rising digital sales, bringing your business online is not a choice but a necessity. When we say this, we’ve backed it with a few advantages of low investment business ideas :
- Global Access
- Low cost of operation
- 24/7 Marketing
- Better advertising options
Top 10 Business Ideas Worth Trying
The internet generation has created a lot of new opportunities for artisans. People have started buying products that sell a lifestyle along with benefits. Handcrafted products are one such thing that entices people as it falls in home decor, as gifts, and most people adopt it as a luxury lifestyle.
For example, handcrafted soaps are not used as a utility product but also used for gifting, and most people have started adopting it as a lifestyle.
With the rise in #VocalForLocal, people in India are trying out products from small businesses and helping them to grow.
If your idea aligns with ours, then this is the perfect chance to spread the word about your business online.
If you have some creative photography interest, you might want to open your business online. Photography is a popular profession and a hobby that makes it easier for you to turn your creative outlet into a money-making venture.
As the camera gears have become more cost-friendly, it brings down the investment low. Showcase your perfect click online with the right digital strategy and reach out to the masses. This will help you to stand out from the flock of a photographer.
You do not have to limit yourself to getting a perfect click for the client. But in the later stages of business, you can even start with the photography course for all aspiring photographers. This step will ensure the right branding and help you grow further with minimal investment.
Are you the one who dreamt of starting your own business but wary about making an all-year commitment to your venture?
We do have an idea for you as well.
Select a niche for the business idea that works during a particular time of the calendar year. In case you don’t want to hoard the products, then connect with wholesalers ( you can find the contact on IndiaMART or Google itself). Start with your marketing a month ve prior, and create demand in the market. Seasonal businesses have a huge benefit that people are already looking out for these products. The marketer has to tap into the right set of audiences and drive profits to the business.
Pro Tip: Market your product while having a balance of utility and lifestyle.
The restaurant business has taken the rise through the years. While Zomato and Swiggy being the big players in the market, many entrepreneurs had also started to dwell on the idea of opening their small restaurant. But even a restaurant required a lot of investment. To curb this, the thought of Cloud Kitchen began to trend. Cloud kitchens are restaurants built around food delivery rather than sit-down service, which saves up on a vast investment.
Initiate with setting up the kitchen (even a small space would do), the chefs, and the menu. Once done, partner with affiliate partners who can help in the delivery, and the last stage: Reach the masses to grow massive.
Sounds simple, right? Indeed it is.
Tip: Even if you start small, the resources and labour should be enough to prepare at least a count of 50 orders daily.
Since last year, there has been a big boom in the industry. The whole trend of home bakers has emerged into a successful business. The reason that holds up is “personalization.”
Home bakers offer customization and personalization at nearly the same cost as other cakes at a cake shop.
Are you a homemaker and want to start your venture, then online would be the best place to market your presentation and word of mouth for the taste? While you focus on Instagram for promotions, do also look for affiliate partners to deliver. This is the best business idea for bakers as the cost is minimal, and profits seem to soar high.
Savior Tip: Promote cross-selling. For example, send a cupcake along with the cake for the customer to taste.
The fashion industry is evolving very quickly from having boutiques to small shops and now online. Entrepreneurs are paving the way to reduce the overhead cost and bring their focus to the product.
People have started investing in imitation more than gold, the reason for being cost-effective and have better designs. Jewellery business can be a great idea and can drive profits to your door by selling on Amazon, Myntra, and many big affiliate partners without actually having your website.
If you think hoarding can require a vast investment, then buy more designs and fewer units. As customers are inclined to see more designs, invest fewer quantities depending upon the demand, later shift the numbers. When it comes to marketing, follow the simple rule of showcasing emotions rather than jewellery.
Revamping space or wardrobe is the inspiration people have always been looking forward to, but how can their Pinterest board get you a profitable business?
Fashion Designers: This industry has been involved a lot over the years. When we talk about online, designers have utilized it to showcase their work. But to help you to stand out of the crowd, we will share a few strategies:
a) Videos are compelling. Try to add videos that focus on the details of your work.
b) Ad Structure: Doing a paid campaign sounds exciting, but with no planning, you will end up paying with no results. Every lead that converts to your prospect client goes through three stages: Awareness, Consideration, and Conversion. In every stage, make sure you filter the unwanted audience for better ROI.
c) Lastly, customer service is the key that can separate you from other designers.
Interior Designers: Interior design is a growing field and is especially suited to people who want to run their own business or freelance. Most people have started picking up their interior inspiration online. This holds a lot of opportunities to stay top-notch. Here’s how to do it:
a) Try 360-degree videos to use as a customer testimonial, and you can showcase your work.
b) Make sure you keep your conservation with the client interactive. For example, while understanding the brief, also give a few basic tips rather than just focusing on getting a client on board. This will build their trust, and they will want to work with you.
Tip: Subtle marketing is more important than direct marketing when it comes online!
Ever thought of starting an innovative online consulting business?
We must say your decision is on point! Why? Because the consulting market has globally experienced steep growth over the past few years.
The best part about online business consulting services is that the sector has saved itself from changing economic conditions. As companies try to reduce their overhead costs, the consultation trend is getting a boost like never before.
You must be knowing companies that are utilizing the power of social media to achieve big. But small companies lag. Your online consultancy service can bridge the gap, and you can grow from anywhere across the globe.
If you’re the one who knows the technique of social media right, then here you go!
Tip: Always try to upsell to make more profits.
Lately, demand for cooking classes has increased amongst the urban population. Housewives, children, working professionals, etc., have shown keen interest in mastering their cooking skills. You can organize the live session or can also start with 1O1 tips on cooking and can also publish a pre-recorded video. Usually, cooking classes are organized in small batches. However, it would be great to attend some workshops or learn the technique before starting your own to get an idea on how to organize the class, what infrastructure is needed, and what skills students should acquire at the end of the session.
Tip: One of the trends changing events that are taking place is renewed interest for such classes in middle-class urban dwellers. The newly affluent section is the target audience for these cooking classes.
What is Dropshipping, and how does it work?
Dropshipping is an order fulfilment method that requires no product to keep in stock. Instead, the store takes the order and passes it on to a third-party supplier, who then ships and delivers the order to the customer.
Dropshipping in India is a low-risk business model that allows you to sell products to your customers without incurring vast investment. Because of the low investment and costs, it is easier to become more profitable with this business model.
Pro tip: Customer always looks for the best service. Always provide them with better customer service to get more orders in the future.
Other online business
Well, we talked about the 10 business ideas which can give you more profits at a low investment, but this is not it. We’ve got a list of a few more, let’s start:
Website Flipping is a new generation idea that has got all the youth excited. It involves buying a website, revamping/ working on the designs, content, and then selling it for a profit.
Do you stay ahead in your times for the fashion trends? Personal shopping can be a business model that builds on fashion skills.
Personal shoppers find clothing items for clients who are struggling to find their style.
If you’re an expert in any subject, of course, then you start the business in online tutoring. Make sure you complete your master’s or any particular degree required to begin.
Greetings cards have been in trend for ages. If you are the one who has the knack for designing, then showcase your artwork. This is one of the best creative business ideas.
Lucrative writing or copywriting has become a recent necessity for brands having an online presence. Hire a group of content writers, and it can be one of the most profitable business ideas for you.
People have been actively looking for jobs. Especially Gen Z, who always wants to have a job change unless they find the right one. If you’re the one who can help them get a better job, then this would be a great business idea.
Suppose you’re good at writing emails or know the technique to write good emails. If so, step into entrepreneurship and make money by launching an email marketing business.
In recent trends, people have started to adapt to a healthy lifestyle.
Since with a little less time in hand to cook, this has lead to a rise in the meals-to-go business, which offers all kinds of cuisine options.
When any new website is yet another low investment business ideas are made or a new feature is in the beta version, then brands hire real people to give feedback on their websites. This allows them to understand the user interface issues that developers may have failed to identify.
Print On Demand
If you’re looking for successful business ideas to execute, try the print on demand. This is where you can sell your artwork designs, which brands can use on their packaging, maybe to print mugs or any other items.
Online Marketing is a brilliant way to grow your business. There’s no doubt about that. The number of companies that actively use online marketing continues to increase by year over year.
The competition for online business space is fierce. Easily achievable goals now require significantly more effort and due diligence.
Will it be more difficult? Or will it improve its algorithms?
Nobody knows what the future holds. Either way, our task remains the same.
We have to get creative in our online marketing and provide the highest quality content and add value to our audience.
If you implement these low investment business ideas that I shared in this post, you will be well on your way to improving your business online.
What is your online business idea? What strategies have you decided to make your business boom?