5 Online Business Ideas to Start Up with Low Capital
Thinking about which business to start today is not easy. So, I came up with a few ideas that will make it easier for people who want to start a business, which requires low capital.
Thinking about which business to start today is not easy. So, I came up with a few ideas that will make it easier for people who want to start a business, which requires low capital.
People think working for an organisation or a firm can make them rich because they receive wages or salaries for their effort, but I think that employment has security, but it can’t make you a millionaire. Before listing down these ideas, I want you to know what business is and what you are getting into.
I define business as any activity done for an exchange for making a profit. I want you to know what you are involving yourself into for profit. There are a lot of ideas out there, but I have picked these five ideas because some ideas require huge investments. But with this little capital, you can establish a business and then scale it to be a big one.
1. Buying and selling
This is the basic element of business (buy and sell). I think this is one of the best ideas to start from. So, if you have an interest in this idea you can shop around, look for something you want to make a profit from, which you resell them to your customers. You can buy and sell, but you should really develop and understand the product just like trading.
2. Training and consultancy
Basically, you need to have skills for this idea in a certain area because; people want to pay to be consulted on. So, if you are really good at programming, then you can train and consult. Also, if you are a web designer or graphic designer, you can start a business with it, by training people to learn your skills. This business is just like having a skill school such as a computer school, catering school. If you like this idea and you are skilled with something, then you start your school.
3. Dropshipping business
This is an idea for those who can’t handle their stock. You are basically a wholesaler for a bigger company, they supply products to you at a wholesale price, and then you sell these products to your customers. You can do that on the internet, store or anywhere you are comfortable with. Just sell a product and take your profit. You can search on Google to find drop shipping that will give you a product in wholesale price, which you sell to retailers or directly to consumers ones you find a product you are interested in.
4. Blogging
Blogging is accessible to everyone. what you need is an internet connection and a computer. You can set-up a blog with many platforms like WordPress, BlogSpot and lot more with low capital, by getting a domain name for your business as low as $10, then you renew it annually depends on the domain hosting company.
Blogging is all about writing and publishing what you are passionate about. It can be business tips, music, blogging, fashion, tech, health, and a lot more. If you are interested in technology, then you can start a tech blog.
Note, blogging is all about writing about what you are knowledgeable about. I am passionate and knowledgeable about business and technology.
Blogging is divided into two sides, either content creating or marketing. I am not saying it easy to start, but with time and effort, you will reapp what you sow. You can make money from blogging through advertising such as Google AdSense, Affiliate marketing and, Infolink’s, and many more.
But to achieve this, you need people to be visiting your website all the time. So, there are a lot of ways to make money from your blog, if you like this idea then start your own blog and start publishing content on it.
5. Craft business
If you are good in producing something unique like beads necklace, cards, clothing, then you can produce and sell to people in your region or link it to the internet, listing your product on eBay or advertising it on Google or Yahoo, which can get you lots of customers.
Starting a business doesn’t always have to be expensive; there are many business ideas that you can find which doesn’t break the bank. These are the ideas I picked out to help you start with low capital. You can choose anyone to start up with, it all depends on your interest.