Introduction to Low-Cost Investment Business Ideas
Do you mostly feel uninspired to work? Do you feel like quitting your 9-5 regular job? Do you sometimes think your capabilities are not being utilized fully? Whatever you are currently doing is not making sense to you? Do you want to start your own business instead of that boring old desk job?
If your answer to any of the questions above is yes, read on. Let’s look at a few Low-Cost Investment Business Ideas.
As Charles Peguy once said, “It is the essence of genius to use the simplest ideas.” So here are 15 low-cost investment ideas you can work with to change your current situation.
What are the Low-Cost Investment Business Ideas?
Let’s look at a few businesses that can be done with less budget.
Social Media (Low-Cost Investment Business Ideas)
Among Low-Cost Investment Business Ideas is this. As we all know, social media has become the biggest fixation of our times. It is one of the leading platforms for many businesses to generate revenue. Some companies offer social media services to market clients’ business by generating leads and, in turn, charge commission/fees. The cost for setting up such companies is extremely low and pocket friendly. These companies offer services such as:
Facebook and Twitter page management would include modifying the page according to the Client’s needs to build their brand. This would help the Client to target a specific audience and grow his business.
Blogging: Blogs are another method used by these companies to help their clients get better visibility on the internet and build a good and lasting brand image. Posting blogs on 2-3 platforms helps generate leads and get orders.
Forum Participation and Posting: Companies would target top forums and discussion platforms for their clients so that it is most talked about and trending on the internet. This includes Q&As, conversation build-up, reviews, answers, etc. This kind of service helps Clients in subtle marketing and diverting traffic to their websites or any other platform they want.
Starting such a company does not require much investment but does require a flair for writing, creativity, and flow of enthusiasm. This kind of company can work wonders for you if you have the right amount of skills and resources to pull it through.
Event Planning
Among Low-Cost Investment Business Ideas is this. Are you a meticulous organizer? Have you led or arranged functions/parties before in which you succeeded? Then you can think along the lines of event planning. One needs to start small, which can involve making arrangements for a small gathering or kitty parties. Here the investment is low, but a lot of effort is required. This is certainly not an easy job as it requires one to work round the clock.
People and time management are some of the top skills required for event planning.
Event Planning can be for corporate, weddings, seminars, conferences, music concerts, fashion shows, etc.; the list is endless.
Tuition/Hobby Class
“A good teacher can inspire hope, ignite the imagination, and instill a love of learning.”
Another low-cost investment business idea could be starting your coaching institute or a hobby class. This business idea requires skill and planning. If you are good at a particular subject ( be it dancing, singing, or any academic subject) and have the skill for teaching, you can pursue this idea. You can visit The Small Business Blog to learn how to turn your skills into a business.
Baby Care/Crèches
Nowadays, baby daycare centers are in demand. This is another low-cost investment business that you can opt to open. One should be ready to provide a safe and hygienic space for children to develop. Also, having a temperament to deal with kids is very necessary. One can introduce various kinds of developmental activities for the children.
Corporations nowadays are outsourcing the maintenance of daycare crèches for their working employees, which can be opted for.
Career Counseling/Consultants
Among Low-Cost Investment Business Ideas is this. Another low-cost investment business idea is being a career counselor for the students. Not everyone can provide such invaluable and priceless information. It would help if you had special skills and education to help students or individuals make informed life choices. Having expertise in career development goes a long way. Communication, empathy, and tolerance are a few of the skills that are required in this field.
Household Services
One can hire a photographer, plumber, or beautician, either by calling or with the help of a web-based application. This new trend is gaining popularity. Anything the client wants, from yoga instructors to electricians, will be available at their doorstep. These services also offer customized packages, keeping clients’ needs in mind. Services are not only provided to homeowners but also to corporates. Their corporate portfolio would include helping maintain salons, bars, hotels, restaurants, etc. This low-cost investment business requires people management skills and can be started at a very low scale, including just two or three services according to the budget.
Car Pool Service
A very apt low investment business idea and ideal in today’s scenario. As Delhi’s pollution levels have gone through the roof, the Delhi government has decided to follow the odd and even car rule, which means using the odd/even number plate car on odd/even dates. Many states in India might follow the example in such a scenario; carpooling thus becomes a very viable business idea.
Carpooling involves sharing a car to reach the same destination. The business owner would bear arrangement costs, and fees can be charged for the coordinating service. Fuel costs are reduced as more than 2 or 3 people would share the cost.
Financial Planning Service
This is another low-cost investment idea where one can start a venture with minimal investment. A financial planner should have the requisite qualification and experience to become one. This kind of technical knowledge is something that can be cashed upon. The service is to provide sound investment advice to the investors. Various financial planning services could include investment, insurance, estate, and retirement planning, keeping clients’ needs in mind. Excellent communication skills and being a problem solver are some of the qualities that are required to sustain this business.
Photography
“Photography is the only language that can be understood anywhere in the world” – Bruno Barbey
Due to the advent of social media, photography has a new meaning nowadays. If you have the passion and ability to capture beautiful moments and see the world through your lens, then this low-cost business can bring around a transformation. From bachelorette party photos to baby shower shoots, every day is an occasion, and if you have the talent, you can start with this venture. One can charge hefty fees for these photography services.
Small Grocery Store
Like a Kirana shop, opening a small grocery store is another low-cost business idea. Starting this business is by no means easy. Keeping inventory stock and training the salesman are some of the requisites. Also, some marketing would be required. One can start at a very low scale by bringing in limited inventory stock, but to make it stand out, one needs to get one or two products that are its USP. However, this business can be highly lucrative if you have a small place available.
Writing Consultants
“Good writing is supposed to evoke sensation in the reader – not the fact that it is raining, but the feeling of being rained upon” –E. L. Doctorow
Being a writing consultant is another low-cost investment idea. If one has a flair for writing, this business is for you; one can cash on their skill set. Writing consultants mostly cater to students and professionals who can either write their resumes or statement of purpose for universities in India or abroad. They also edit and review clients’ articles and any top documents. In addition, they help in improving clients’ business, technical and social media writing needs.
They also provide corporate training and coaching, including email etiquettes, writing to customers, presentations, advanced editing, etc. It is one of the most cost-effective businesses to start, and one can charge fees according to the client’s needs.
Tiffin Services/ On-order Cooking (Low-Cost Investment Business Ideas)
“Good painting is like good cooking; it can be tasted, but not explained ” –Maurice de Vlaminck
Is one of your passions in life cooking? If yes, then this business can allow you to shine. Tiffin service is one of the most popular businesses; wherein home-cooked food is provided to the client. These Tiffin service providers offer customized menus at affordable rates. They offer good quality and service, mostly to outstation clients.
Most metros in India today have become cosmopolitan. Therefore all kinds of cuisines are eaten and preferred, be it Kashmiri or South Indian cuisine; everybody wants to have fresh, homemade food (Ghar ka Khaana). So this market has a lot of potentials and can be tapped.
Pet Care Services (Low-Cost Investment Business Ideas)
Are you a pet lover? Then this another low-cost business can be a good choice. The Pet care business deals with taking care of your pets when the owners are not around. Pet care provides dog walking, pet sittings, overnight visits, and other specialty services. So all you need is to be an animal lover and work around the safety issues of the pet; you can very much have your low-cost pet care shop at your hands.
A branch off of pet care services is the pet grooming salons which are coming up. Their service includes bath, nail trimming, brush, haircut, dental care, etc. Some of the skills required to make it in this business are communication with the customers, the ability to control jumpy pets and handle pets firmly but gently.
Nail/Braid Art Services
French manicure and sock buns are things of the past. Instead, nail art and braid salons are the new and popular fad. These low-cost investment businesses are one of the most stylish trends. Nail art is one of the most creative and artistic concepts; it involves taking proper care of the cuticles and polishing them, giving them a neat and attractive look.
Braid salons are the next big thing. From French braids to Dutch braids, all women prefer their hair to be beautifully and intricately tied. For a rare service, a reasonable fee can be charged to the clients. It has a great market to be explored; if you have the right skills and resources, this business has a lot of potentials to do wonders in the current scenario. One can successfully build a niche business.
Landscaping Services
Are you a nature lover and like gardening? Then this business might interest you. It is a low-cost investment business called the landscaping service provider. Some of the services they provide are creating a miniature landscape in a garden, providing flower beds, shaping trees and providing and providing aesthetic landscaping. Many elderly who cannot maintain their gardens ask for such services, and farmhouse owners with big lawns to maintain.
Conclusion
So what have we learned in Low-Cost Investment Business Ideas. Before starting any of these businesses, one requires careful and systematic planning. Some basic factors to be kept in mind are location, space, available capital, competitors, and realistic market conditions. Most importantly, it would help if you had determination and grit. There might be instances when things might not work out the way you’d like them to. Always remember that there will only be two outcomes; you would either win or learn. It is very important to switch to what you like, be mindful of those choices, and make informed decisions.
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This is a guide to Low Cost Investment Business Ideas. Here we discuss the introduction and the various low-cost business to do in the market. You may also have a look at the following articles to learn more –
