7 New Small Business Ideas You Can Start with Low Investment in 2024

Juan Nolan
5 min readJan 3, 2024

Looking for new small business ideas you can start in 2024? Say no more!

The business ideas on this list are unique because they are very affordable to start and have great profit margins.

Let’s dive in.

New Small Business Ideas You Can Start with Low Investment in 2024

1. Become a Home Organizer

A home organizing business caters to those needing neat orderly spaces but lacking the time or skill to create them.

And if you check any keyword research tool or Google Trends, you can see that there’s a good and stable demand for home organizers.

The trend for “Home Organizer” on Google Trends

As a home organizer, you can charge from $50 to $60 per hour for your service. You can even offer a subscription model allowing you to retain your clients for a very long time.

You don’t need much to become a home organizer, but you first need to learn the skill. And more importantly, you need to have a solid business plan to guide you through your business journey.

2. Become a Life Coach for Young People (Teenagers, Kids, Young adults, etc)

A life coach is someone who counsels and encourages people through personal or career challenges. A life coach helps guide people to reach their ultimate goals.

However, you want to be more specific with your target audience. While the demand for life coaches has been very stable for the last couple of years, there’s a new emerging demand for life coaches for young people.

But firstly, to become a life coach, you need to have a certification. I have linked to the most affordable and best life coach certification in the description below.

As a Life Coach, you can charge between $75 to $400 per hour for your coaching services depending on your years of experience, qualifications, and type of clients.

And of course, you need to have a business plan to get started. You can use the template in the description below if you don’t want to write one from scratch.

3. Sell Digital Products

Selling digital products is one of the best ways to make passive income online. I am currently making about $5000 every month from selling different kinds of digital products.

The thing is everyone can make money selling digital products. There must be something you know that someone is willing to pay up to $49 to learn. The more difficult it is to learn what you know, the higher the price people will be willing to pay to learn it.

For example, if you know different unique ways to tie a tie, you can create a video course revealing all your methods.

And with over 500,000 people searching for “how to tie a tie” every month, you should be able to make at least 500 sales per month if you do it right.

If you want to get started with creating and selling your digital products, you should check out the Digital Product Mastery training in the description below.

4. Become a Home inspector

A home inspector is a licensed and trained professional who is hired to come into a home property to inspect it.

They look at a variety of things inside and out and compile a home inspection report that will be handed over to their clients at the end.

This report will show and explain any issues that the inspector found on the property — big or small.

Home Inspectors are usually hired by people looking to buy new properties but don’t have the time or experience to validate the properties themselves.

The demand for home inspectors is huge and stable.

The trend for “Home Inspector” on Google Trends

And as a home inspector, you can charge anywhere between $200 and $500 depending on where you live. But make sure to have your business plan before getting started.

5. Start a Pool Cleaning Service

A pool cleaner is responsible for keeping pools clean and chemically balanced. Their duties include installing filters, removing debris, and checking the pH and chlorine levels of the water.

It’s actually shocking to me that there’s a crazy demand for pool cleaning services. And if you look at the trend on Google Trends, it’s pretty solid.

The best part of a pool cleaning business is that you get to retain your clients for a very long time on a monthly payment contract.

On average, you can charge between $80 and $183 per month for your pool cleaning service.

And of course, you don’t want to start any business without having a business plan, otherwise, you will fail. You can use the business plan template in the description below to ease your stress.

6. Start a Roof Cleaning Service

Like Pool Cleaning, Roof Cleaning is another big industry you can leverage to start your next business.

Roof cleaning is when you remove dirt, moss, leaves, and other yucky stuff that is stored on the top of a house. It’s like giving a roof a bath to keep it tidy and in good shape.

And if you are wondering whether this service is in high demand, then the answer is YES. Thousands of people are searching for roof cleaning services every month.

Also, the business is very profitable. A roof cleaner on average can charge between $0.20–$0.70 per square foot. That means a 1,500-square-foot roof will cost between $300 and $1,050 to clean.

Once you have your business plan in place, you can start doing more research on how to start a roof-cleaning business.

7. Start an EV Charger Installation Service

The emergence of electric vehicles has opened up a new business opportunity, which is to start an EV Charger Installation service.

Installing an EV charger is a complicated process which is why many people prefer to hire someone to do it.

As the installer, you are responsible for fixing the charger to the wall and connecting it to your client’s home’s main power supply. You will also need to show them how the charger will work and the different functionalities.

You can charge anywhere from $400 to $1,700 per installation, making it a very lucrative business idea.

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Juan Nolan

I create and sell niche websites. This is a fun way I make passive income since I really love it. I will be sharing some success stories here.