"Big business requires big investment"
This statement is very valid even today, with only the definition of investment undergoing a big change. Investment, in today's modern digital era does not only refer to money, it primarily refers to time, commitment, detailing and research.
So, the conclusion says that you do not need a heavy bank balance in order to start your business. What you really need is an idea and the effort to convert that idea into a reality. After detailed analysis, we have come up with 10 business Ideas that require the least investment. But before starting, there is a prerequisite: These are no shortcuts. Each of the below ideas come with their own set of success and challenges. If you desire to achieve success, you must be ready to face challenges strongly.
Top 10 Business Ideas with Least Investment
Brand Advertising
Brand advertising does not only relate to big ad agencies creating campaigns for big brands. To start your own brand advertising, you need to possess 2 things:
1. Knowledge on how brand advertising is done.
2. Intent to provide the best result.
Once done, the next thing to do is to approach some local brands with quality products and offer to create their brand advertising campaign totally free of cost. Approach 10 such brands and once done, take a testimonial from them. Use it in your selling pitch to the 11th brand, but make sure this time you have a quotation with yourself. Remember 1 thing, "Quality work only receives good testimonials".
Affiliate Marketing
Affiliate marketing, a money making technique that has become quite famous in the last decade. There are thousands of companies who pay you for promoting their products. The simple steps you need to follow is to register yourself as an affiliate marketer in each of these websites. Make sure to have a look at the terms and conditions. Some brands set some qualifying criterias. The best place to start off is the amazon affiliate program.
Content Writing/Blogging
Content Writing has been a great hobby for many of us. Some make it their profession, whereas many make it their once in a while hobby. This unique hobby of penning down your thoughts into words can turn out to be the biggest game changer for you. What you need to do is to either start your own blog or register on freelancer.com, upwork.com as a freelancer and take up projects.
Youtuber and Social media influencer
Becoming a Youtuber and Social media influencer has become a dream lately for many. It doesn't require enormous skill or technique. What you need is a smartphone and a topic you are passionate about. Start making original and interesting video contents and post them on your social media accounts . Remember, you might not get success initially, but as your content quality goes up, results shall come in. The key to it is consistency.
Professional Photography
Professional photography requires 2 basic things,
The right gear
The knowledge to operate and extract output
With photography becoming one of the common hobbies ever since smartphones have started rolling out a professional mode in their cameras, this is an ideal business idea to start with. You can start by creating a portfolio, asking your friends to pose for you and take pictures. Once done, you can approach reputed organisations for an internship which will help you gain visibility. Parallely create a instagram page/youtube channel for your pictures and videos.
Coaching Classes/Tutorials
Education on iPads/tablets/smartphones have increased multifold ever since corona attacked us. Classes/Lectures are happening over zoom connects. This has opened up opportunity for individuals who are good in subjects and can definitely spare some time on creating quality content to help students clarify their doubts. Platforms like teachable.com, udemy.com are widely used by tutors across globe for selling their online courses. The best part about this is that you record once and sell any number of times.
Recruitment Services
Setting up a recruitment service requires 2 things:
Strong network
Willingness to match right employer to the right talent
If you have these, your journey is a lot smoother than any of these techniques.
Insurance Advisor
Register yourself as an insurance advisor on any of the leading insurance companies and start selling their policies. The more you sell, the more you earn. You can also record a video of you explaining the pros and cons and share it with your clients.
Event Management
One of the most interesting and joyful business ideas to work on is event management. You must explore your city, identify the best vendors and bring them onboard. Once done, it's all about how you manage and execute. The best thing to do is to form your own team and allocate responsibilities.
Network Marketing
One of the best career options that has been very much popular from last 3 decades is network marketing. It is kind of similar to affiliate in terms of marketing the company's products. The difference lies in the model. Network marketing is more about forming a team and doing it together. It helps you develop yourself as a sales individual and a team leader.
These are our top 10 picks of business ideas that require low investment to start. Let us know your journey in the comments below.
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