Top 5 Small Businesses To Start With Minimum Investment
by Arina Smith Investing 26 February 2020
Are you tired of working for someone else?
Did you always want to own your business and be an entrepreneur?
Is there a way in which you can start your own business with minimum investment?
Have you tried to explore the different types of small businesses and not come up with something credible?
If you are looking to start your own business, then this article is for you. Every year, millions of people have the same thought- I want to be my own boss! However, the desire for starting up your own business comes with many challenges.
We spoke to some of the most successful small business owners and came up with a list. This list is going to help you realize your dreams of becoming the owner of your own business.
So, what are we waiting for? Let us get right to it.
Top 5 Small Businesses to start with minimum investment: The List
1. Laser Engraving Business
From big manufacturing industries to small gift shops, everyone is looking for engraving. If you set up a facility that caters to other businesses, you will get instant success. You will also save yourself from the grinds of a B2C business.
Laser engraving as a small business idea is in its novel stage. Most people are still unaware that the prices of laser machines have made them highly affordable.
2. Social Media Consultancy
With over five billion active social media users, no brand can afford to ignore social media. If you like social media yourself, this will be an easy transition. All you need to do is reach out to brands and offer to maintain their social media pages.
With a limited idea of design and an abundance of research and study materials online, social media is an easy area to be successful at.
3. Become a Blogger or an Online Influencer
Each one amongst us is passionate about something or the other. From automobiles to tech gadgets to even pets, all of us want to turn our passion into a full-time lucrative career. If you are someone who is thinking on these lines, a career in blogging might be for you.
All you need to do is set up a WordPress blog, start creating content on what you like. You need to publicize the same on social media. The better the quality of the content, the more will be the people flocking to your blog and social media.
4. Event Management Company
It is no surprise that some amongst us are more creative and detailed when it comes to planning. If you have attended a wedding and ended up criticizing every aspect- from the flowers to the food, then you might be staring at a lucrative career as an event planner.
Event planning is slowly emerging into a highly lucrative career option. From weddings to funerals, from birthdays to bachelorettes, event planners are organizing everything.
5. Pet Business
With most people in cities working extra hours but also seeking the comfort of a pet at home, the pet industry is a multi-billion dollar business. If you are someone who loves pets in general and dogs in particular, you will love this small business idea.
From dog walking to training and grooming or even a doggy crèche, individuals are making handsome money. You do not need any minimum investment. Just the right contacts and a great social media page.
The above list is going to help budding entrepreneurs resign from their 9-5 work and set up their own businesses. It is important to start a business, which not only earns well but also one about which you are passionate about.
Are there more such businesses that can be set up using minimum investment? Let us know in the comments section below.