Top Good Business Ideas With Low Investment: When starting out with the business, it’s easy to get bogged down in the many small details that you have to attend to before you even get started.
Top Good Business Ideas With Low Investment
It’s important, however, to keep the big picture in mind as well—where do you want your business to be in one year? Two years? And what steps can you take now to ensure that this will happen?
1) Ice Cream Truck Business
The simplest and most direct business idea you can start with a low investment is an ice cream truck. You will get to work outside, meet new people every day, and earn extra cash. Here are some details on how to make your ice cream truck business: You need $1,500 to buy a basic model, which includes a freezer and a few freezers. Next in your budget should be $350 for signs and graphics that will make your customers remember you.
There are all sorts of good ice cream that fit any budget; figure about $8 per scoop as far as cost goes. You’ll also need inventory sheets and pricing sheets so be sure to set aside money for these items as well. After you have everything, it’s time to look for locations where there are high concentrations of children or families. Avoid places like shopping centers or schools because they already have plenty of trucks selling food. Set up shop and let people know what you’re doing by putting up flyers or posters at nearby businesses or homes. Be ready when summer comes around!
2) Event Management Company
Everyone knows how to throw a party, but not everyone can make sure that their party goes as planned. Hire an event management company to take care of every last detail from making sure you have enough clean glasses to making sure guests feel well-fed and entertained. Your guests will thank you for taking a load off their shoulders, and if you choose your event management company wisely, they’ll do all the work while looking like they did absolutely nothing. Handing over event planning is a great business idea with low investment because it still allows you to throw a great party while saving money at the same time.
If you want to get more hands-on with your business idea, try hiring yourself out as a bartender or caterer. You’ll save even more money by doing all of the work yourself! Plus, having drinks on hand at parties makes them much more fun. And since bars are open later than most people’s houses (especially on weekends), catering parties can give you some pretty solid weekend hours—though you’ll need a backup plan in case people aren’t ready to call it quits when the last call comes around.
3) Junk Removal Service
Are you looking for a way to make money off of clutter? Hire someone to clear out all of your extra junk. It’s a particularly appealing business idea if you have a vehicle and don’t mind hauling stuff around. You can also partner with other small businesses in your area to help them clean out their unwanted items.
As well—and charge by volume or weight instead of per trip. Another option is renting space in your garage, attic, or driveway for people who need storage space. Either way, it doesn’t take long to set up shop and start making money. Check out our guide on how to start a junk removal service.
4) Home Cleaning Company
Starting a home cleaning business is a great way to make money, but it’s also one of those small business ideas that can be quite challenging. You will need to thoroughly investigate your local market, including its general size and average competition. It’s also important to make sure that you comply with your state and local regulations.
In addition, you may find it helpful to speak with an attorney about incorporation in your state and any additional legal advice that may apply to starting a home cleaning business. If you have previous experience as a house cleaner or other service provider, then getting started should be easier for you. However, if not, then I recommend taking some time to learn about what it takes to start a home cleaning company before diving in headfirst. The bottom line: If you are passionate about housekeeping and providing excellent customer service, then starting a home cleaning company could be right up your alley!
5) Public Art Consultancy
Entrepreneurs interested in launching a new business should consider becoming art consultants, as it offers them a great opportunity to explore. Art and cultural consulting are growing rapidly, with many museums and art institutions looking for help in setting up new programs or updating existing ones. If you have an interest in arts and culture, it may be an exciting way to enter a growing industry. Many of these jobs offer freelancers opportunities to set their own hours (or work remotely).
This means there are few limits on where you can take your career. There’s also a wide range of salaries available; some art consultants make $25 per hour while others earn upwards of $100 per hour. You’ll need to do some research when deciding what type of consultant you want to become, but if you’re passionate about helping organizations promote local artists and cultures, it could be a rewarding path.
7) Real Estate Agency
Real estate is a great business idea for many reasons. It’s a huge market, it doesn’t require high levels of investment and you can do it from anywhere in the world. Plus, once your real estate business gets off its feet you’ll be able to enjoy passive income for years to come. The only downside is that there are lots of players in every major city who want to get involved, so you’ll need a competitive edge to succeed.
You could start a real estate agency with just $100 if you’re willing to spend time on your phone or computer looking at properties. Use sites like Zillow or Trulia to look at homes and make notes about potential deals. Once you’ve found some good ones, reach out to sellers directly via email or phone—don’t list these properties on any sites yet because they might sell before they’re listed!
If they don’t sell after 30 days, list them online (or hire someone else to do it) and then try selling them yourself using your own website or social media channels. You could also use sites like Craigslist to find clients but I wouldn’t recommend posting ads there unless you have some experience with sales already.
6) Car Rental Agency
This is a great side business idea that you can start with little to no money. Many teenagers and college students looking to make a bit of extra cash in their free time would be willing to rent out their own car, or even pay another student to drive them around. Working with some local firms, provide cars and drivers on nights and weekends when they are going to need more cars on hand than usual.
If you have several friends in high school or college who own cars, why not put together a car-sharing business? You could easily generate enough money for gas, insurance, and even repairs for each car. The best part about starting your own car rental agency is that you don’t have to worry about employees or payroll taxes—it’s all on your shoulders!
8) Mini ATM Machine Business
The concept is pretty simple. You buy one of these ATM machines, stock it with your cash, and then rent it out to people who need a quick way to grab some cash when their bank branches are closed. If you’re looking for a fun and profitable small business, a mini ATM machine is worth considering.
The key here is finding a good opportunity where you can make money off of people without much effort on your part. It takes time and effort to run an ATM machine (more so than some other types of businesses) so make sure that you feel confident about being able to find paying customers for your service before getting into something like it.
9) Property Maintenance Service
The idea behind property maintenance services is simple. Many people are busy with jobs, families, and other life commitments and simply don’t have time to look after their rental properties. Renters on a monthly contract often like to think of themselves as responsible adults who pay their own bills – but accidents happen, problems can occur and tasks can fall through the cracks if you’re not looking for them.
A property maintenance service solves that problem by working with clients in good standing to address needs promptly. In addition to standard handyman services like mowing lawns, painting walls, or fixing broken plumbing fixtures, some companies also offer seasonal cleaning services for houses used as vacation getaways during spring break or summer time vacations.
10) Tours and Sightseeing Agency
Not only is starting a Tours and Sightseeing Agency an easy way to get into business, but you’ll be able to capitalize on a booming industry. According to Manta, there are 2,062 sightseeing agencies in Virginia and 48,597 nationwide. The Bureau of Labor Statistics states that employment for tour guides will grow by 26% from 2010-to 2022 and opportunities for entrepreneurs wanting to open new businesses through Tour Agencies are soaring with many cities experiencing increased tourism due to major events like Super Bowls or World Cup Championships.
Here are some important tips for opening your own Tours and Sightseeing Agency Figure out how much money you need: Start by deciding how much money you need to start your business—and how much money you can afford to lose if things don’t go as planned. This should include startup costs (for example, creating a website), purchasing vehicles (if applicable), and insurance premiums.
While it’s great if all your friends chipped in $1,000 each so you could afford a luxury vehicle for tours—you may have more luck seeking investors once your company has proven itself profitable. If self-funding isn’t an option, check out government grants. Remember: A bank loan might not be as simple as it sounds.
The qualities of a good business idea are different for every person. You may want to consider several business ideas that are outside your comfort zone. Every single one of these ideas will require some kind of investment and you should be prepared to make that investment, whatever it is.
If you’re not willing to put in at least $100, you probably shouldn’t start a business. But if an idea excites you so much that you can’t get it out of your head, then don’t let investment concerns hold you back from making it happen! Good luck!