5 low cost business ideas for you

In Finance & Career
by David Leach
0 Comments

Tired of your 9-to-5 job? Sick of working for someone else? Wish to start a business, but don’t have seed capital? We found a way out for you!

Nowadays, starting a business is a good idea because in comparison with a regular job it has a number of benefits:

  • higher rate of income;
  • freedom to make decisions;
  • psychological comfort;
  • flexible schedule, etc.

In fact, there are numerous business spheres you may try your hand in. However, if you are not ready to invest a lot of money and risk all you have when starting a business, it’s better for you to consider low cost but promising business ideas.

So, let’s not drag it out. Here are the 5 low cost business ideas for you.

1.  Dropshipping

To date, dropshipping is one of the most popular ways of making money on the Internet. Why is it so cool? In fact, when starting dropshipping you’re only supposed to make minimum investments. What is more, it doesn’t require extra effort, so you can even try to combine it with your regular job, if you want. Meanwhile, this business is scalable: you can easily broaden its scope whenever you’re ready to add new products to your offer or even launch new extra stores. And probably the most tempting feature of dropshipping is the opportunity to work from anywhere. All you need to run your business is a PC or laptop and stable internet connection. In practice, you can work even at the seaside or in the mountains.

Advantages

  • High income rate
  • No investment
  • No background knowledge
  • No risk
  • No boss
  • No business limits
  • Opportunity to combine with a regular job, travelling, etc.

backpack-business-co-working-2566581

2. Blogging

The popularity of blogging is really gaining momentum nowadays. Most people worldwide are fond of reading and following the daily lives of celebrities and influencers. At a certain point, bloggers realised that they can make a lot of money from their hobby. Besides generating profit for viewers, they started to place paid ads in their blogs. The most popular bloggers can make more than $10,000 a month.

Advantages

  • High income rate (when having lots of subscribers)
  • Freedom of making decisions
  • Popularity in social networks
  • No investment
  • No boss

3. Translation services

Nowadays freelance is thriving. Many people provide services on the Internet. It’s really cool because you don’t need to wake up early in the morning and go to a stuffy office. You may work from anywhere you want. Why we speak about translation services? In the era of cross-cultural communication, translators are in demand. And one of the prettiest things about providing translation services is the possibility of working anywhere in the world. All you need to make translations is a laptop. Meanwhile, your average income can amount to almost $5,000 per month. That’s why, if you know foreign languages well, you just need to register on a translation portal and start making money right now!

Advantages

  • High income rate (if having background knowledge)
  • Freedom of movement and so on
  • Strong demand
  • No investment

4. Digital services

If you’re a qualified IT specialist, you can provide people with different digital services. For example, nowadays there is a strong demand for web development, design, content creation, etc. IT guys also have an opportunity to work from anywhere they want, but it’s necessary to buy a high-power computer. By the way, the wage of an IT specialists can amount to almost $10,000.

Advantages

  • High income rate (if having background knowledge)
  • Freedom of movement and so on
  • Strong demand
  • No investment

5. Online courses

If you have extensive experience in a particular area, and experts in this field are in strong demand, you may think of creating an online course. The scheme is rather simple: you create a course and advertise it through several promotion channels. When people pay for your course, you remotely provide them with the knowledge they want to get, and receive your money. The most popular educators make up to $50,000 a month.

Advantages

  • High income rate (if having background knowledge)
  • No investment
  • No boss

Well, these are the 5 low cost but promising business ideas for you. It remains up to you to choose the one you like more and start building your financial empire! But note that most low-cost business ideas require expert knowledge in a particular field. However, there are some which doesn’t require anything significant – like dropshipping business, for example.