Today, most of the people are looking for something that feeds their passion. Now increasingly easy to start a business from scratch without spending a fortune. Below, I’ve described 9 various business ideas you can start cheaply from the comforts of your own home.
9 Best Startup Ideas in Low budget
This is possibly one of the most lucrative fields to tap into in the digital age. Professional blogging requires only a minimal start-up cost. You only have to invest in a domain name and hosting space –initially at least – which in its ‘unlimited’ capacity costs a maximum of roughly Rs 3600. As for promoting your blogs through the right channels, the cost-free and limitless expanse of the internet is all you need.
2. Desktop Publisher
Desktop publishers typically use publishing software to create:
- Marketing newsletters
- Other marketing materials
In order to offer a full service, you could also write the content or hire a content writer and create your own small team.
3. eBay Assistant or Seller
With the right marketing tools, you can sell anything on eBay. The giant of online auction services, eBay continues to be an inexpensive, lucrative selling tool for everything from broken tools to real estate.
Best eBay business tip: search for retail stores going out of business or discontinuing product lines. Buy as many items as you can at a discounted price and sell them on eBay.
Unfortunately, this type of job comes with risks. Commonly, scam artists attract Ebay sellers and use fake shipping papers to convince them to send payments. Unfortunately, even if you are scammed, you will be held responsible for your customers not receiving their items. Always remember to:
- Get to know the distributor
- Keep all payments in your e-wallet until the customer confirms having received the parcel
- Report any suspicious activity
- Do not share any of your banking details
4. Drop Shipping
The basic idea behind an online drop shipping business is that, as a small business owner, you don’t have to maintain a large inventory of products or handle any delivery to your customers. That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world. In fact, you don’t have to manufacture or store any products at all.
Instead, you work with a company that specializes in drop shipping. Here’s how it works:
- You list products for sale on your website or a platform like Amazon, eBay, or Etsy.
- When one of your customers makes a purchase, you purchase the product from a third-party company (the drop shipper, usually a manufacturer or wholesaler) for a lower price. This process is as simple as forwarding the order from your customer, a process that can actually be completely automated.
- Your drop shipper then sends the product to the customer.
5. Affiliate marketing
You will need a website that people like to visit or you will have to create one. Setting up a website is not expensive, particularly if you can do it yourself. The difficult part is the marketing but with a good niche, dedication over time and hard work it is possible.
Every business needs someone to manage their accounts – pay bills, manage debtors, reconcile bank statements, send out invoices, etc. Setup as a freelancer and pitch yourself to local businesses. It will lower their costs and give you an income.
Obviously, you have to know how to speak and write in other languages but there is always translation work available online. And apart from having a computer and internet access, there are no costs to starting this business.
The obvious starting point for this is helping children and young people with their studies and exam preparations. But if you have the skills there is also a growing market for teaching adults online.
9. Social media consultant
Larger companies can hire an agency or full-time staff member to run their Facebook and Twitter accounts, but small businesses often have to handle their own social media marketing. With so many responsibilities, business owners are often too busy, overwhelmed or undereducated about the importance of social media to spend time developing and implementing a great social media strategy. As a consultant, you can help them determine the best tactics, posting schedules and content for their target audience. As their follower count grows, so will your business.