Top 30+ Business Ideas with Low Investment and High Profit – FourWeekMBA

Business Idea	Description	When to Consider	Advantages	Drawbacks
Dropshipping	Start an online store and partner with suppliers to ship products directly to customers without holding inventory.	When you want to sell products without high upfront costs.	Minimal upfront investment.	Intense competition.
Freelance Writing	Offer writing services for blogs, articles, and content marketing to businesses and publications.	If you have strong writing skills and passion for content.	Low overhead costs.	Income can be inconsistent.
Consulting	Share expertise in a specific field, offering advice and guidance to individuals or businesses.	When you have specialized knowledge and experience.	High earning potential.	Building a client base takes time.
Social Media Management	Manage social media accounts for businesses, creating and scheduling content to increase online presence.	If you’re skilled in social media and content creation.	Low startup costs, work from home.	Requires ongoing learning and trends.
Online Coaching	Provide coaching or mentoring services in areas such as fitness, life, or business via online platforms.	When you have expertise and a passion for helping others.	Flexibility in scheduling and location.	Building a client base takes time.
Affiliate Marketing	Promote products or services from other companies and earn commissions for each sale or lead generated.	As a side income stream with a blog or website.	Minimal investment, no product creation.	Income can be unpredictable.
E-commerce Store	Launch an online store selling niche products or unique items, utilizing platforms like Shopify or Etsy.	If you have a product idea or access to unique items.	Potential for high-profit margins.	Competition with established brands.
App Development	Create mobile or web applications to address specific needs or capitalize on trends in the app market.	When you have coding skills or app development ideas.	High profit potential with successful apps.	Development can be time-consuming.
Content Creation	Generate content for YouTube, podcasts, or blogs, monetizing through ads, sponsorships, or merchandise.	If you have creative skills and a niche audience.	Low startup costs, revenue diversity.	Building an audience takes time.
Handmade Crafts	Craft and sell handmade products like jewelry, candles, or home décor items through online marketplaces.	If you enjoy crafting and have unique product ideas.	Creativity and customization opportunities.	Time-consuming for handmade production.
Virtual Assistant	Offer administrative, scheduling, and organizational support to businesses and entrepreneurs remotely.	When you have organizational and administrative skills.	Work from home, flexible hours.	Income may vary depending on clients.
Real Estate Investing	Invest in real estate properties, either residential or commercial, to generate rental income or capital gains.	If you have capital for property purchase and management.	Potential for passive income and wealth.	Requires substantial initial investment.
Digital Marketing Agency	Provide digital marketing services like SEO, PPC, and social media management to businesses seeking online visibility.	If you have marketing skills and industry knowledge.	High demand for online marketing expertise.	Competitive industry, evolving trends.
Print-on-Demand	Create custom-designed merchandise like apparel, mugs, or phone cases and sell them through print-on-demand platforms.	When you have design skills and creative ideas.	No inventory, low production costs.	Marketing and design quality are crucial.
Personal Fitness Training	Offer personal training or fitness coaching services in person or online, catering to individuals’ health goals.	If you’re certified and passionate about fitness.	High demand for personalized fitness plans.	Competitive industry, certification needed.
Photography	Provide photography services for events, portraits, or stock photography, selling images to clients or through stock agencies.	When you have photography skills and equipment.	Creative outlet with earning potential.	Competitive market, equipment investment.
Mobile Car Wash	Offer on-the-go car cleaning services, visiting clients’ locations to wash and detail their vehicles.	If you enjoy car care and have basic equipment.	Low startup costs, flexible scheduling.	Seasonal and weather-dependent.
Pet Care Services	Provide pet sitting, dog walking, grooming, or boarding services for pet owners in your local area.	If you love animals and have space or experience.	High demand, often recurring clients.	May require licensing or certifications.
Online Store	Sell products through online marketplaces like Amazon, eBay, or Walmart, utilizing their extensive customer base.	When you want to leverage established platforms.	Access to a broad customer base.	Fees and competition within the platform.
Language Tutoring	Offer language tutoring services for individuals seeking to learn a new language, either in person or online.	If you’re fluent in multiple languages.	Flexible hours, global client base.	Finding clients may require marketing.
Gardening Services	Provide gardening, landscaping, or lawn care services for residential or commercial properties in your area.	If you have gardening skills and equipment.	Seasonal demand with growth opportunities.	Physical labor and equipment costs.
Car Repair and Maintenance	Start an auto repair or maintenance shop, specializing in services like oil changes, brakes, or diagnostics.	If you’re a certified mechanic or skilled technician.	Steady demand for automotive services.	Equipment and facility costs.
Home Renovation	Offer home improvement and renovation services, focusing on specific areas like kitchens, bathrooms, or flooring.	When you have construction or renovation skills.	High-profit potential with skilled labor.	Requires permits and compliance.
Digital Product Creation	Develop and sell digital products such as e-books, online courses, templates, or software, targeting niche markets.	If you have expertise in a specific field or industry.	Low production costs, passive income potential.	Marketing and content creation efforts.
House Cleaning	Start a residential or commercial cleaning service, offering regular or one-time cleaning appointments.	When you have cleaning skills and basic supplies.	Steady demand for cleaning services.	Labor-intensive and repetitive work.
Personal Chef Services	Provide customized meal preparation and cooking services for individuals or families, focusing on dietary preferences.	If you’re a skilled cook or chef with culinary expertise.	High-end clientele, creative menu options.	Kitchen equipment and transportation.
Transportation and Delivery	Start a local or niche transportation or delivery service, catering to specific needs, such as medical transport or food delivery.	When you have access to suitable vehicles and licensing.	High demand for specialized transportation.	Operating costs and regulatory compliance.
Event Planning	Offer event planning and coordination services for weddings, parties, or corporate events, helping clients create memorable experiences.	If you have organizational and creative event planning skills.	Diverse client base and event types.	Seasonal demand, competitive market.
Custom Software Development	Develop custom software solutions for businesses, addressing their specific needs and challenges in various industries.	When you have programming expertise and industry knowledge.	High-profit margins for customized solutions.	Development time and client acquisition.
Drone Services	Provide drone photography, videography, mapping, or inspection services for industries like real estate, agriculture, or construction.	If you’re skilled in drone operation and have the necessary equipment.	Growing demand for aerial services.	Regulations and equipment investment.

Often being an entrepreneur is perceived as someone that takes risks for others, and becomes a “job creator.”

Thus, becoming an entrepreneur often becomes a matter of growing a business for the sake of employing as many people as possible, at a narrow margin.

In this article we’re going to challenge this assumption and use another definition of an entrepreneur as “someone that wants to work on projects he loves while generating high margins, working less and with an extra lean business model.“

 

 

 Enter The State of Independence Report

Independents are the nearly 41 million adult Americans of all ages, skill, and income levels—consultants, freelancers, contractors, temporary or on-call workers—who work independently to build businesses, develop their careers, pursue passions and/or to supplement their incomes.

The report shows three strong trends toward a strong market for independent people that become quite competitive.

What are the reasons for millions of people to move out of traditional employment agreements and start on their own?

The report points out the following reasons:

Source: mbopartners.com

As pointed out in the book The Million-Dollar, One-Person Business: Make Great Money. Work the Way You Like. Have the Life You Want by Elaine Pofeldt, solo businesses that hit the million-dollar range typically fall into six categories:

1. E-commerce
2. Manufacturing
3. Informational content creation
4. Professional services and creative businesses, such as marketing firms, public speaking businesses, and consultancies
5. Personal services firms, offering expertise, such as fitness coaching
6. Real estate

In many cases, those solopreneurs are choosing online marketplaces to start out their operations.

However, the most critical part is about finding the business model that best fits them, and that creates the most value to the group of people to whom it will serve.

In search of a business model

When I first started out in the digital marketing space, I thought you could get a sort of prepackaged business model, copy it and paste it to have your own business.

For how much I wished that to be true it didn’t work from the start. In fact, the most counterintuitive thing is that finding a business model is essential for an entrepreneur for a person to find its meaning.

In fact, the business model for the entrepreneur is many things at once. It means creating value for a community while doing something you’re passionate about, and that can generate enough revenues at high margins to keep going in the long term.

Of course, initially, the experimentation might take years. That’s also why in the meanwhile many solo entrepreneurs keep their day jobs for a long time before dedicating full time to their side gig.

Another aspect is the willingness to experiment as much as possible. It is interesting the story fo DuckDuckGo where its founder Gabriel Weinberg, after selling a previous company was exploring dozens of side projects.

After tinkering for a few months the idea of putting together a search engine that focused on privacy stuck with him.

Toady DuckDuckGo is a valid alternative to Google and has created an alternative business model where the search engine monetizes even without getting data from users.

Scalable vs. non-scalable

Another critical aspect of starting a solo business is the scalability of that idea. Some enterprises are scalable by nature.

For instance, selling info products, such as ebooks and online courses is scalable. Offering a consultancy is not.

On the one hand, though, scalability might be riskier as a few people make money with scalable products, while most people don’t make a dime.

Thus, mixing both models can be a winning strategy in the short-medium term. In short, you might want to start by offering a non-scalable service.

Then, build up a scalable product. Let’s say, for instance, that you’ve been coaching bloggers for years on how to build and grow a successful website.

At that stage, you have all the experience to package it in ebooks and online courses to sell to a broader audience.

Your consultancy business will work as a more stable source of income, while your info products organically grow and you’re able to build a recognized brand across a broader audience.

Business ideas with low investment and high profit that you can implement now

A business idea won’t necessarily make you money right away. In fact, if you didn’t skip the previous paragraph, you’ve learned that finding the business model that works for you requires a lot of tinkering.

There is no better way to tinker than start experimenting with ideas and see what sticks and whatnot. Thus, I’m hoping you can find some inspiration below.

Become a blogger

Committing your time to start a blog isn’t an easy choice. In fact, when I started blogging I did because I loved writing and I do read on a regular basis.

Thus, start this blog a no-brainer. However, for those that do not wish, do not enjoy, neither want to write for living in the long run, blogging might not be suited.

For the rest of you, blogging is a great way to build your brand, connect with people and to experiment with several business models.

If I had to start from scratch with blogging, I’d do it again and again with WordPress.

It can be quickly set up, and it is easy to manage. That is why during my consultations with bloggers and small business owners, WordPress is always the content management system I suggest.

With blogging, you can experiment with affiliate marketing, info products, online teaching, and much more.

In fact, below you can find 26 ideas to monetize your WordPress blog:

Become an online instructor

If you’re good at explaining as much as you’re good at doing things then creating online courses might be your way to go.

If you’re starting from scratch, established platforms like Udemy might work well.

However, if you already have a community of people you follow, I suggest you look more into Teachable.

To validate your ideas for online courses, I suggest you do a bit of keyword research or use some of the free tools available to validate the topic idea.

Also, you can use Udemy Insights to uncover profitable niches.

Become a professional photographer

Companies like Airbnb pay professional freelance photographers to take pictures of the part of the home of the portal.

This isn’t per se a high paid job. Yet it’s remote and as a freelancer. Thus, this might give you the change to travel, get paid while honing your skill as a photographer.

Become a ghostwriter

Getting paid at high margins as a ghostwriter depends on how you positioned yourself, your experience, competence, and your negotiation skills. As reported on Chron:

Ghostwriters cover a range from several thousand to hundreds of thousands of dollars. A new writer can expect $7,000 to $9,000 depending on the length of the book — generally 200 to 300 pages — and the time needed to research and write it. A more experienced writer with a verifiable track record can earn $10,000 to $15,000, according to Writers Weekly, while a writer who’s very experienced can demand $20,000 and up. As a benchmark, the Canadian Writers Union sets the minimum fee for ghostwriting a book at $25,000

Thus, even in this case if you’re starting up, you might not make much.

Yet you’re getting paid to gain experience that you can resell for more to the next project. Also, once you become an experienced enough ghostwriter why not publishing your own book?

Take the story of Andrew Crofts that after writing over 80 titles that sold over 10 million copies then published Confessions of a Ghostwriter. As Andrew Crofts reported to theguardian.com “It’s a perfect arrangement. You get the commission, have the adventure – anywhere from a palace to a brothel – and return to the security of your own home.”

He also admitted his fees would average six figures. Of course, this didn’t happen overnight. Yet a career as a ghostwriter can be quite rewarding and highly profitable.

Become a Chatbots maker

When the web took off anyone wanted to have a website. Yet at the time as having a website was something unique you could charge crazy amounts of money.

Today, as we’re moving toward voice search and things like Natural Language Processing technologies, have become advanced every business will want to have a chatbot.

Developing a chatbot requires some skills, yet they can be learned quickly, especially if you’re already a developer or have a technical background.

The approximate cost to build a chatbot from scratch can be anywhere from $6000 to $12240.

Become an affiliate marketer

Affiliate marketing is about selling someone else’s product or service for a small commission.

If you become good at it, you can generate a consistent and highly profitable income in the long run.

I often covered affiliate marketing because if done correctly can be a great business model. In fact, many believe that affiliate marketing is a scam.

But that might be because a few affiliate marketers use pushy (to put it blandly) and aggressive sales strategies that turn people off and make brands they feature, look bad.

Yet if you are honest, share the tools you use, and provide value to your community, affiliate marketing can be a great business model.

For instance, if you run a successful blog, for sure you’re using a hosting provider, paid SEO tools, and other editorial tools that help you be on top of your game.

You could suggest the tool you use to be a successful blogger to your community (if you teach them how to start a blog).

That creates value for them, while you openly share your experience with those tools and brands.

Become a career coach, resume writer, or LinkedIn profile writer 

As I’ve been in the job market for years. Thus, I forgot how hard it is for a fresh graduate to learn the HR jargon needed to get into the door of a corporation.

Yet this is a skill you can sell at high margins. In fact, services like career coaching, and resume writing can range in the hundreds of dollars.

For instance, career coaching sessions might cost anywhere from $100 to $500 for a two-hour session.

New social platforms, like LinkedIn, also opens up opportunities in this industry.

In fact, I give for granted to be able to find qualified customers, close deals and find job opportunities through LinkedIn.

However, when I think about it, it took me years to build those skills and mindset. If I decided to pass this competence to someone else, I would do it at least at $500 for a two-hour consultancy session.

In fact, I know that by the end of that session that person will be able to get qualified job offers. The same applies to find leads, which is the next point.

Become a business development contractor

Large companies and corporations spend thousands of dollars to get qualified leads.

They don’t do it because they have money to waste (this might be true in some cases). Instead, those companies know how much each customer is worth to them.

For some of those corporations, the lifetime value of customers might be in the order of thousands of dollars. Also, companies operating in competitive industries are willing to spend tons of money to grab a lead from a competitor.

If you have competence in closing complex sales, you can get paid as a business development contractor. For each qualified lead, you might get in the order of hundreds if not thousands of dollars.

If that sounds too good to be true, it’s because it is. However, to be able to find qualified leads you to have to be extremely competent in the industry you operate.

You need to know the companies from which you’re contracting from the inside out (thus, having years of experience as an insider is critical) and understand the potential customers better than those companies might.

Become an infopreneur 

Making money with info products (ebooks, guides, checklist, and so on) isn’t easy anymore.

Yet if you’re able to find a niche that is still unexplored, you can make money at high margins. Websites like Examine.com generate at least seven figures from info products.

One option is you can do it all. Another is to contract designers and experienced writers to write those info products. What you need at that point is the proper distribution.

If you take Examine.com, it has more than two million visits per month and is among the most popular websites in health and nutrition.

Thus, before you can have a similar kind of success you need to be good at SEO, content marketing, social media, and SEM to create a proper distribution channel for your products.

Become a websites flipper 

A website is an estate. Just like people in the real world gets homes, flip them, and sell them at a profit.

On the web, there is a group of online entrepreneurs, the website flippers, that get a crappy site, flip it, and sell it for a profit.

Selling an online estate can be as much if not more profitable than flipping and selling a real estate asset.

In fact, if you go on a site like flippa.com, a marketplace to buy and sell online businesses you’ll notice websites selling anywhere from $500 up to $500k!

Become an SEO consultant

Google is the most popular search engine in the world. Each day billions of queries get processed by it.

The great thing is that Google shares many of those queries data. In short, with simple keyword research, you can uncover many ideas on how to create content for business.

The other news is that many don’t know how to use that and don’t have a clue about how Google works.

Even though the great content is the baseline for SEO, the rest is about doing experiments and keeping up with search engine evolutions.

If you have enough expertise, you can start offering your SEO services to small and medium businesses for a retainer fee.

In fact, in a recent study by Ahrefs SEO agencies charge anywhere from $500 up to $5,000 per month for SEO services.

Source: ahrefs.com

Become a contractor headhunter

Just like companies are willing to pay hundreds if not thousands of dollars for qualified leads.

The same companies are eager to pay the same amount of money for qualified candidates to fill their open vacancies.

The logic is that for companies to find qualified candidates can get quite expensive. Thus, so-called incentives programs might do the job.

Thebalancecareers.com reports that employers referral program can pay anywhere from “$250 to more than $25,000 (for executive positions) with the most common range being about $1000 – $2500 according to a survey by WorldatWork.“

Summary and conclusions

As cloud services, automation tools, and business processes become easier and accessible to a larger number of people. Solo businesses that make seven to eight figures are becoming more and more the norm.

Those solo entrepreneurs run organizations that are extra lean and focused on doing one thing right while contracting the rest. The interesting part is that those solo businesses are creating an unlimited number of business models.

Thus, while in the past companies would create organizations out of prepackaged business models. It has become unusual now to start from those premises.

Instead, those solopreneurs tinker with monetization strategies until they don’t find a balance between what they’re passionate about, what creates value for their community, and at the same time offers high margins to the solo business owner.

Online Professions

• Blogger: Building a blog can be a way to connect with an audience, build a brand, and experiment with various business models like affiliate marketing, info products, and online teaching.
• Online Instructor: Creating online courses can be a profitable venture, especially if you have expertise in a specific area and can teach others.
• Professional Photographer: Freelance photography can offer opportunities for travel and income, especially with the demand for quality images in various industries.
• Ghostwriter: Writing for others can be lucrative, and experienced ghostwriters can command substantial fees for their services.
• Chatbots Maker: With the rise of chatbots and AI, there is an increasing demand for individuals who can develop and implement chatbot solutions for businesses.
• Affiliate Marketer: Promoting and selling products or services for others and earning a commission can be a viable business model.
• Career Coach, Resume Writer, or LinkedIn Profile Writer: Helping others in their career pursuits, crafting resumes, and optimizing LinkedIn profiles can be a valuable service.
• Business Development Contractor: As a contractor, you can help businesses find qualified leads and customers, earning a fee for your services.
• Infopreneur: Creating and selling info products, such as ebooks and online guides, can be a profitable venture if you find a niche that is underserved.
• Websites Flipper: Buying and selling websites, similar to real estate flipping, can be a profitable business for those with the expertise.
• SEO Consultant: Offering search engine optimization services to businesses can be a lucrative venture, especially for those with SEO expertise.
• Contractor Headhunter: Matching qualified candidates with companies in need of employees can be a rewarding business opportunity.

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Read Next: What Is Influencer Marketing, How To Become An Influencer, Types Of Influencers, Instagram Marketing, How Does Instagram Make Money, How Does TikTok Make Money, TikTok Marketing.

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