Profitable businesses to start with little money
In recent years the dynamics have changed in every way. Many people dared to start their own business. But others did not do it because they did not have capital, if this group is you, do not be discouraged. Hispanic Entrepreneurs proposes you some, profitable businesses to start with little money.
In this time of pandemic, different ways of creating profitable ventures have appeared and others have reinvented themselves. A key factor is that the selling price of the product exceeds the production costs.
The important thing is to do a study of the competition, the costs, the possible benefits and the demand. Find all the information you can about the idea you choose.
Profitable businesses to start with little money
Starting a business with little money is viable. We can use technology, our home, and available resources to save costs.
In this way you can convert a room into a warehouse to store the products and function 100% online. Many business ideas need other things than money. From globalization, access to information and the internet require work and investment of time and knowledge.
1-Online courses
Dedicate yourself to developing an online course in an area you master, then promote it on social media and blogs. The key is that you create an online community that is willing to pay for this training.
Use platforms like Skype that make it easier to access education. You can offer science, art, or language training.
2-Wholesaler intermediary
Without having to make a large investment, you have the option of dropshipping. Get some catalogs from large wholesalers in China or the United States and offer them online. When you have demand, make the order to the factories.
A good niche is clothing, accessories, equipment and building materials, etc. At competitive prices. One of the best platforms to start is Salehoo, tells you up to the profit margin and other very useful data.
2- Insurance brokerage
For experts in the insurance industry it is a good opportunity to start your own business. It does not need a lot of investment, you can install the office at home, but complying with the legal requirements. Use your network of contacts to get the idea going firmly.
3-Personal trainer
Another of the profitable business with little investment is that of personal trainer. If you have knowledge in physical education or are willing to train in the area, you will have the opportunity to use it to provide an exclusive service.
This avoids having to spend on infrastructure and renting a site to train customers. Buy weights, bands, yoga mats and transport them in your car to the place where the person who needs your advice and guidance is.
Provides the option of individual sessions at the client's home and group sessions at a park or community center. Every day more Americans are eating healthier and exercising, which is why this business continues to boom.
4-Make jewelry
Making necklaces, rings, bracelets and other pieces generates few expenses. The important thing is to apply the right marketing strategies to make big sales. Organize sessions with friends and acquaintances, also create your own website to offer them on it.
5-Online consulting
Take advantage of your knowledge and work experience offering your services as an expert consultant. Focus on small businesses that require counseling. It should be noted that setting up this type of business only generates representation expenses.
6-Orientation for new mothers
As we know the new generation, although fatherhood is postponed at some point they will have children. Many new mothers feel the need for professional accompaniment at this stage.
So the demand for doulas and lactation consultants has increased.. Take advantage of this situation to get certified and provide this important service that requires low general requirements.
7-Rental of household equipment
This will not demand more than the cost of maintenance. If you have lawn mowing equipment, other tools and electronic devices necessary for the operation of the home, offer them for rent.
Make available to your neighbors and even your friends their rent at a reasonable price. You can give advice and assistance if they do not know how to use it or provide a mobile assistance service. This idea represents a great opportunity, since more homes invest in repairs and maintenance.
8-Decorator online
You can also try working as an online decorator. By spending so much time at home, people have worked to improve the place where they work and share with their family.
Generally, to begin the decoration process, clients send photos of the house to define the pertinent changes. You also need the plans to work with the exact measurements and recreate the result in 3D or augmented reality. Likewise, a buying guide is sent so that you can obtain the decoration items that it proposes.
The decorator charges to develop the decorative proposal. As well as obtaining commissions for selling furniture or proposed objects online (affiliates or dropshipping) and for the products you recommend. What you have is to have decoration knowledge and creative ability.
9-Social Club for Pets
Pets are invading homes and they need recreation spaces. If you have a large place like a farm or a piece of land in the country, open a social club so they can exercise more.
In addition, pets can socialize with others and their owners with other owners drinking coffee or wine. Later try to include the sale of articles for the animals.
10-Sale of second-hand clothes
The popularity of second-hand products has exploded, mainly fashionable ones. Gather all the clothes that you do not use and that are in good condition, together with those of your relatives and sell them online.
Your main customers will be those who support sustainability and the environment. In the same way, those who want to buy a piece, but not pay the cost of a new one. Additionally, United States citizens have a strong affinity for second-hand sales. Develop some of these ideas and you will see that you will do very well.