The thought of starting a new business surely seems like a huge deal given the time, money, and risk involved. However, there are a lot of low investment business ideas that can serve as a great entry point for rookie entrepreneurs, bootstrappers, or anyone who is looking to set up a side business.
People now have come to an understanding that there are many ways to start a business by focusing less on the logistics and upfront costs and more on how to get it started.
We’ve listed 10 low investment business ideas that you can start easily online.
10 Low Investment Business Ideas
#1 Print On Demand T-shirts
T-shirts have been an important part of wardrobes across the globe for a long time. Its popularity is what attracts a lot of entrepreneurs to start their own T-shirt businesses.
All you need is an interesting idea to print on T-shirts. Every consumer has something that they relate to. Be it their pets, movies or TV shows they watch and its characters, or even their own community, beliefs, zodiacs and so on.
There is a vast pool of random things that you could print on a T-shirt and still get people to buy it. Even if you can’t design it yourself, you can hire designers.
Print-on-demand service, allows you to pay per product. It means that you are paying for the T-shirts only if they get sold, except for the design if you outsourced it.
There are also options of T-shirt mockup templates which saves you the money of spending on a full photoshoot for every new design. There is a ton of print on demand services available online that you can collaborate with to start your online new t-shirt business.
#2 Digital Products or Courses
Music, courses, and templates are digital products that are unique and intangible. Since recurring manufacturing or shipping costs aren’t involved, your margins can remain high.
You just have to identify a useful digital product that people would be willing to pay to download.
Original instrumental beats, stock photos, information products, templates, plugins for various software, animated texts for presentations and videos, album arts, are all kinds of such digital products.
If you have a talent that you can convert into a digital product, you just need to think about packaging and selling it online.
#3 Partner With A Dropshipper
In a dropshipping model, there’s a third party supplier that stores and ships inventory to customers on your behalf. You just need to make the sales and pass the orders to your suppliers without handling the products yourself.
You can curate products from supplier/s into your online store under a theme focusing on a specific niche, like products for cat owners or gear for yoga enthusiasts.
When a customer buys a product, the order is sent to your supplier who takes care of its fulfillment on your behalf. Even though the drop shipper takes care of the order fulfillment, you will need to take care of your marketing and customer service yourself.
You can work with local and overseas suppliers based on the relationship and trust you build with them. It is one of those low investment business ideas which help you test product-market fit and also launch a business before investing in your own original products.
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Originally published at https://get.store on November 12, 2019.