If you are looking for low-cost business ideas/small business ideas for 2022/profitable small scale business and how to make money quickly and you don’t have a lot of money and time to spend then this is a must-read article for you.
Owning a small business has its advantages and disadvantages. Each entrepreneur must weigh the pros and cons carefully and decide whether or not the risk is worth the reward.
In addition, small business ideas have certain advantages over large businesses. Flexibility, generally lean staffing, and the ability to develop close relationships with customers are among the key benefits of small business ideas. The digital communication revolution has significantly lowered the cost of reaching customers, and this has been a boon to small startups and big businesses alike.
Why prefer Small business ideas?
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship.
Being a small business, you have really distinctive advantages over larger companies – ones you can use to ensure your business grows and flourishes.
Remember, you have some great advantages:
- Flexibility: You can react quickly to opportunities.
- Expertise: Your customers appreciate your in-depth knowledge.
- Uniqueness: What you make is distinctive and desirable.
- Satisfaction: You get the buzz of knowing you’ve done a great job.
- Personal Service: You have a much closer relationship with customers.
- Focus: You can hone in on what’s really hot in your sector, and you know where your opportunities are likely to be.
- A Great Boss: You don’t have to ask all sorts of layers of management before you make a decision.
This list includes small business ideas that are both digital and physical. You can find your perfect fit despite being a tech-savvy or non-tech savvy. These are business ideas with low investment and high profit. let me know in the comments which one most excites you to start with.
With that being said here is the list of small business ideas that you can start with less investment and in less time or no time.
Best Small Business Ideas
1. Create an Information Product and Start Selling it.
This small investment business plan is that you can start selling eBooks, video tutorials or any form of informational products once you have a great product to sell you will have to consider where to actually sell it.
You could create a sales page on your own website. But this would require you to drive significant amounts of traffic to it before starting to see a return taking up a lot of your time.
2. Sell Your Ideas.
If you’re too creative and have many ideas then you can start joining idea selling websites and start selling your creative ideas to those people who are looking for your ideas. This is the easiest work that you do if you are creative and smart.
This small business idea of selling ideas could be a great choice to start with. If you want to sell an idea to a company, use that idea of yours and turn it into a product or service first and prove that it is a valid business idea by selling the product or service it to a customer. Then it may have some value to a company if they a willing to put money in that to make it grow and generate high profits.
3. Personal Training Business
The average income for an entry-level personal trainer is $15 per hour or about $34,000 per year. The average for all trainers is about making 42 thousand dollars per year. You need to take the certification to be a certified personal trainer.
The market for fitness training is large and includes people of all ages, body types, and goals. Increased awareness of the importance of fitness has made the industry stable, with expected growth of 10% through 2026, according to the Bureau of Labor Statistics’ Occupational Outlook Handbook.
4. Buy and Sell Domains.
Domain names are becoming a valuable commodity. Selling domain names are very similar to the stock market. This is a very good small investment business. You can find domain names online for relatively low costs. This could be one of the great small business ideas to work on, it’s in demand too.
5. Graphic Designer
A large number of websites are being launched every day, which has led to high demand for a good logo and graphic designers. It is going only one way and that is North if you are an individual with a creative mind and a skill for manipulating logos and graphics you can make money online from home by selling your expertise as a freelancer.
6. Android and IOS App Developer
Applications have become a huge success over the years. Companies and private individuals have developed applications to meet their target audience’s needs. These range from a variety of games to useful tools and companies use them to promote their business and help their customers find the products or services they are looking for.
There may be times when starting out with iOS might make more sense for you, depending on the app itself. Android, however, has many advantages and being an Android app developer can certainly enhance your chances for success.
7. Content Creator.
You too can become a content creator and earn a good income working from home in this highly attractive career whose demand has shot up dramatically in recent years. One of the great attractions of this vocation is freedom because you do not have to be stuck in some office from 9:00 to 5:00.
8. Proofreading and Editing
A proofreader is required to check manuscripts documents articles for websites and so on for spelling or grammatical errors. Proofreaders are responsible for correcting errors found in written documents. This involves reading documents for the format, grammar, punctuation, and spelling. Proofreaders often compare the content against research or references to confirm accuracy.
9. Computer Repair And Maintenance
If you have good technical skills in computer troubleshooting then starting a computer repair and maintenance work will be the best part-time work for your business career. This small business idea can be a successful venture too.
You might also consider looking over the local market and finding out what your future competitors are offering and providing. This can help you to develop a competitive advantage—something that makes you stand out from the competition. A unique competitive advantage will offer you a much-needed boost for your new computer repair business.
10. Professional Bloggers And Sell Digital Products
This is one of the home ideas you can say. A blog provides an excellent venue for anyone to write just about anything under the sun while most of them are personal in nature like journals. Blogs cover a wide range of topics from professional advice to product reviews to sell digital products.
“What do you need to start a business? Three simple things: know your product better than anyone, know your customer, and have a burning desire to succeed.”–Dave Thomas, founder of Wendy’s
11. Video Editor and Creator.
If you’re passionate about creating animated videos, business videos, tutorials, and how-to videos then you can start video creation services as a freelancer. Or you can also start your own YouTube channel and earn from ads.
12. Virtual Assistant
Virtual assistants are very often Savvy women and men who use highly developed skills training and experience. To assist other businesses virtually.
A virtual assistant is a business owner who supports other small business owners or entrepreneurs in a variety of industries by providing administrative, creative and/or technical services.
As outsourcing becomes a standard process for small business owners everywhere, more and more entrepreneurs will be looking to virtual assistants for help in advancing their businesses.
13. Become a Spokesperson
The spokesperson can demonstrate a product’s use and usability in addition to that attractive human face and relaxing voice and you can have your customer’s undivided attention.
Becoming a Spokesperson is not a very difficult task if have a great communication skill and a promising tone. Big companies are always looking for good Spokesperson.
14. Vlog with YouTube.
Since every laptop, tablet, and smartphone comes equipped with a built-in camera anyone can start creating videos and posting them to YouTube. If you have the knowledge or you want to share something or you are just incredibly charismatic then you can start profiting from your Vlog through ads,
15. Start a Freelancing Business.
Freelancers can easily find new jobs by joining websites that are designed for them. These are free for most members to join. Although there might be fees associated with jobs. Once they are completed people who need work done they post their job up on the site for all Freelancers to join. Individuals who are interested can easily bid on the project if they are qualified.
Best freelancing website I would recommend to get started with are:
16. Voice-Over Artist.
If you’ve ever been complimented on the quality or tone of your voice, you may have thought that it would be fun to see if you could make some money doing commercials as a voice-over artist.
Drop Shipping allows you to sell products through your e-commerce shop without ever needing to touch any inventory. The buyer buys from your site and you place the order, your supplier sends it directly to the buyer and you get to keep the profits.
18. Become a Programmer.
Computer programming is one of the most flexible tools that you can have at your disposal. Not only can you learn to do things that are pretty amazing, but you can also, sometimes, manage to perform the impossible. Anyone that uses a computer, a smartphone, even a key that remotely unlocks your car door is using some form of computer programming and your life already depends on programming to a certain extent. For the vast majority of people in today’s digital world, their lives are already being run and ruled by software so why not learn to program and get involved, create your own programs to do what you want them to do?
19. Business Blog Writer.
You can become a part-time blog writer. Your own blogs and others. You just need to have good writing skills and how to convert more calls to action from your business blog articles.
It’s basically any content that you see on a blog or business website there are millions of businesses and websites out there that need writers we live in an era where people are pumping out so much content.
20. Affiliate Marketing.
Affiliate marketing is a revenue-sharing business on the internet where an affiliate decides to sell emergence goods or services after he reaches a certain percentage of the sales is paid to the affiliate as commission
21. Start a Catering Business
From a cost-of-entry perspective, catering is probably the most flexible of all the food-service businesses. While you need a commercial location, you can start small and build your equipment inventory as you need to.
In the beginning, if you need something unusual, such as a champagne fountain for a wedding reception, you can usually rent it rather than buying it. And your food inventory is easy to control because in most cases you know well in advance exactly how many people you’re cooking for.
Starting a catering business is another most beneficial business to start with.
22. Travel Agency Business
People love traveling, maybe you also. Starting a travel agency is neither that expensive nor that cheap.
If you’re someone who loves travel, meticulous planning and helping others have great experiences, consider becoming a travel agent and starting your own business.
Becoming a travel agent can be fairly inexpensive, as business ventures go, and you can often get away with limited staff and little upfront cost.
23. Chocolate Café
India’s chocolate confectionery market is expected to grow at a CAGR of 20.6 percent from 2016 to 2020, research has revealed.
It said that over two in five Indian consumers (44 percent) find sweet or sugary snacks like chocolates and cakes to be healthy, while over one in three (35 percent) Indians believe these snacks provide them with energy.
According to the research, 43 percent of Indians consume sweet or sugary snacks like chocolate and cake between lunch and dinner, with over half (53 percent) reporting that they tend to snack in between meals because they get hungry.
24. Online Photo Selling
If you are a professional photographer or just have a deep-rooted passion for it, you can make money from your pictures on photo selling websites. All you need to get started is a camera, preferably a digital SLR with a minimum of 8 megapixels, and a computer.
Once you have established yourself on websites such as GettyImages.com and Flickr.com, you can set up your own website with a list of your watermarked images and their price per unit.
25. One Product Restaurant
These days, the name of the game in the restaurant industry is differentiation–if you specialize in one product and you know your stuff, hungry customers will flock to you for a taste. “There are currently about 1 million restaurants in the U.S., representing about $430 billion a year in sales, with [about] $1.3 billion per day [worth of food] consumed in restaurants around the country.
26. Web Hosting Provider
The evolving web hosting market is churning up new opportunities for entrepreneurs interested in starting their own hosting businesses. But there are no get-rich-quick opportunities. It takes planning and hard work to make web hosting lucrative.
Web hosting is the business of providing storage space and easy access for websites. It’s a fiercely competitive field, yet it can be a profitable business—when done right. A hosting business will rent to customers a certain amount of bandwidth and storage space, for a set amount of time. The money you as a business owner make comes from the difference between the costs of operating your servers and customer service (or reseller costs), and the amount you charge your customers.
27. Data Backup
A very new startup ideas I want to conclude is that Companies nowadays are always looking for a reliable solution for their data backup needs. In these modern times of conducting business, data are a very essential part of any business. Companies are willing to pay hefty prices just to preserve and keep safe their data. You can take good advantage of this opportunity by building a small business with a core motive of data backup services.
28. Trading of Surveillance Cameras
Security/surveillance cameras are a very hot item these days. Everybody knows the benefits of having security cameras installed within their premises. So why not try to grab this amazing opportunity by trading in surveillance cameras?
29. Start a Massage Business
Massage therapy has become an increasingly lucrative business niche in many countries, with rapid industry growth and evolution. However, there’s still plenty of room for those who may be looking to get started with their very own massage therapy business.
Whether you’re a practicing therapist who is ready to branch out on your own, or someone who’s completely new to the profession, starting a massage business can be simple with the right information to ease your way.
30. Consulting Services
A consultant’s job is to consult. Nothing more, nothing less. It’s that simple. There’s no magic formula or secret that makes one consultant more successful than another one.
But what separates a good consultant from a bad consultant is a passion and drive for excellence. And–oh yes–a good consultant should be knowledgeable about the subject he or she is consulting in. That does make a difference.
31. Professional Car Washing Business
Car cleaning businesses come in all different designs — from full service to self-service to automatic to hand polishing. The strategy behind Soapy Rides’ target segmentation is to attract customers who will be repeat users and will frequent the business even in the typically quiet times for a car wash business.
32. Internet Connection Provider
An Internet Service Provider (ISP), sometimes called an Internet Access Provider, is a company that supplies individuals and businesses with access to the Internet. An ISP acts as an intermediary between a small business’s computer system and the Internet. The ISP feeds the small business’s outbound information to the Internet, and also feeds inbound Internet traffic into the small business’s Internet connection. This small business idea is also one of the most beneficial ideas too.
33. Start a Furniture Business
With so many high street competitors out there, creating a strong furniture business of your own requires you to find a niche that the mass market companies aren’t addressing. For example, you may decide to:
- Specify the exact kind of furniture you will make, such as only office furniture, or sofas
- Specify the style of furniture
- Define the types of materials you will use
- Carry out a market analysis to ensure that your niche also has an adequate target market that addresses their furniture needs.
34. Fast Food Shop
A fast-food business (small business) sells affordable food to customers in as little time as possible. These restaurants provide service by way of drive-thrus as well as traditional sit-down meals. Some customers opt to bring their order with them in a “to go” fashion. This business is quite popular as it provides tasty food in a quick, low-cost manner. Open a fast food business and you will provide people with an affordable means of eating, staying energized, and feeling fulfilled.
35. Home Improvement and Handyman Service
Starting a handyman business and home improvement business may seem like a difficult job. Although there is the freedom to work, it doesn’t seem very lucrative.
The most important advantage, and the one most visible, is that you’ll be able to work for yourself. That means that you will have the freedom to work as long or as short as you wish. That also means that your work is actually working, rather than sometimes unproductive time wasted in the usual 9-to-5 jobs.
36. Selling Auto/Machinery Spare Parts
The auto/machinery parts retail industry enjoys resilience even during times of economic downturn. Therefore, learning how to start an auto parts store can be a profitable venture. According to an article on the website Bloomberg Businessweek, “ We’re driving our cars longer.” Hoovers Inc. reports that the auto parts industry is highly concentrated in that the 50 largest companies generate over half of the industry’s total revenue. This small business idea can also convert into a million dollars business too.
37. Pure Water Production and Sell as a Sachet, Bagged or Bottled Water.
Water packaged in bags, also known as water sachets, can be a very profitable business model when done properly. The most important considerations are the cost to produce the water bags and the selling price. This is the lowest cost way to package water due to the amount of plastic used. The average cost to produce a water bag with a size of 250-375 ml is less than $0.01 (USD) with a wholesale price ranging from $0.02 to $0.04. This is a very good markup with an over 100% profit margin and is most successful when selling in bulk to make a good profit.
38. Resume Writer
Professional resume writers compose or revise resumes for job seekers. A resume is a written summary of a job seeker’s accomplishments, experience, and education. Resume writers aim to clearly present a candidate’s professional achievements and work experience in the best possible light, thus distinguishing him/her from other applicants. They may correct spelling or grammar mistakes and format resumes to highlight important information. Resume writers are often self-employed and work on a freelance basis, typically in a home office, where they spend many hours looking at a computer monitor. They must continuously look for new work and often deal with the stress of managing multiple projects.
39. Job/Recruitment Agency
Job hunting on your own is time-consuming, stressful and often demoralizing – but it’s also necessary for career progression, especially as millennials continue to move from job to job far more frequently than previous generations. And that’s where recruiters can offer a much-needed helping hand.
Recruitment refers to the process of finding new employees for an organization. HR departments often take on this role, but companies may outsource these functions to a staffing firm, headhunter, or recruiting agency in order to locate and hire qualified candidates. External recruiters list new job openings, screen candidates, and select and place staff within organizations. Recruitment may include both temporary and permanent staffing.
If you have a bit more to spend on a new business, you could consider becoming part of an established recruitment company by becoming a franchisee. ‘Recruitment in a box’ may prove to be a much more expensive initial investment, rather than founding your own company, but it does come with a host of benefits.
My other small business idea will be starting your own E-Library.
The orthodox library model became a victim of rapidly changing lifestyles that led its journey on the verge of being wiped out. But as innovation and technology are highly influencing the business industry, the model got rediscovered in the form of an online library.
Establishing an online library is becoming one lucrative business opportunity for educators that want to cater to their customers via the internet directly. These portals are believed to contain thousands of books that are available online for reading. Customers can browse according to their demand and start reading any genre’s book without any hesitation.
41. Teaching Computer Skills in Schools or Classes
Some people are naturally computer-savvy, while others find a challenge in everything computer-related. If you are in the first group and have extensive experience with computers and various computer software, a computer home-based business might be a good small business idea for you.
There are a lot of options for getting starting with a computer training business. You can train others on using both Windows and Macintosh operating systems or you can train people on how to use specific applications. You can provide computer training classes for many people at once or you can train people on an individual basis.
42. Business Setup Advisor
A small business consultant works with clients on strategy, planning, and problem-solving, and helps clients develop business skills and knowledge. These topics range from designing a business model or marketing plan to determining which marketing techniques to use and how to use them. You’ll often help clients learn how to plan and implement projects. A small business consultant gives advice, teaches skills, and brainstorms with the client to produce practical results and enhance strategic thinking.
A small business coach helps clients to create success by focusing on personal development: time management, self-sabotaging behavior (like procrastination and distraction), finding clarity, decision making, and getting into action. When you put on your coaching hat, you don’t give advice. Instead, you help the client find the answers from within themselves.
43. Financial Advisor
Taking on the role of a financial advisor provides a range of opportunities not widely available in many career fields. In addition to offering valuable advice to clients, successful financial advisors have virtually unlimited earning potential, flexibility in work schedule, and control over their practice.
44. Web Design/Development Service Provider
Since the innovation of computers and the birth of the internet, the growth of technology is changing lives. With the rapid growth of smartphones, gadget development, and the increasing reach of tech in everyday life, web development is one of the most attractive fields in the tech industry. And being a developer is one of the coolest and most beneficial small business in 2020.
45. Online Marketing Service Provider
You won’t need a lot of money to get started, and your services should be in demand as the need for internet marketing continues to grow, so the income potential is strong.
PayScale reports that the median income for this type of specialist was $42,851 as of June 2019. These specialists typically charge anywhere from $10 to $22 an hour or more, depending on the type of services provided and skill level. Some specialists additionally earn commissions and bonuses when marketing strategies produce good results.
46. Technology Gadget Shop and Repairing Services
A gadget business provides a wide variety of mechanical products including different parts and accessories to customers. A gadget store would include products like cell phones, cameras, tablets, etc.
And starting your own repairing shop or center is also a beneficial small business too. You see, starting a gadget shop and repairing shop is getting very high in demand. For example, look at the Indian market, well it’s booming in terms of selling gadgets and repairing them as well. First of all, you have to find a niche in which you think you can succeed. For example, take the mobile industry (a very micro-niche) According to market researcher Gartner, over 1.5 billion smartphones were sold last year, with 1.3 billion of them being Android devices. It was followed by 215 million iOS devices and 1.5 million smartphones using other operating systems such as Windows Phone and Blackberry.
47. Daycare Center
Daycare startups (small business) can be advantageous at business, personal and emotional levels. You gain gratitude and lessons learned from spending much of your workday with children and may enjoy the profitable aspect of the business as well. You must love working with children and you must be patient. You also must have the proper training or certification for your area.
48. Handicraft Business
There are a lot of benefits that come with starting a handmade crafts business, including:
- A handmade crafts business focuses on a hobby you are already very passionate about.
- You can work from home, anytime that it’s convenient for you.
- There are a number of options for selling your crafts online.
- You can develop a local following by selling your crafts at local craft shows.
- You can easily change and add to your product line.
- You can develop a loyal and repeat customer base.
49. Retail Business
The term “retail business” has a very wider scope. Nowadays Retail businesses have a different meaning compared to the previous times. Retail business can be divided into two broad categories such as online retail business and a physical retail business or offline retail business. Starting your own retail business can be a very beneficial small business, but you have to choose first whether you want to do online retail business or offline retail business. I recommend researching very thoroughly before starting a retail business.
50. Language Translator
As a translator, you’ll spend your days using your language skills to help people understand documents, carry on conversations, and generally understand what’s happening in an international setting. This small business can be an exciting one, but also one that requires strong people skills and a knack for navigating cultural differences.
51. Online Personal Matchmaking Business
Many people are turning to the Internet in hopes of finding love and companionship. Sites like eHarmony.com and Chemistry.com have reached a success rate allowing them to advertise nationally for additional members. You can start your own online matchmaking service by targeting either a specific group of people or a general website that is open for anyone looking for companionship and love.
52. Tax Consultant
Many people prefer working as a consultant as they get to take home a high income and have a low-income tax liability. They like the benefit of holding a lump-sum amount without any deductions. The consultant bills the company for the services rendered and get paid in a lump sum and only 10.3% tax is deducted at source.
53. Jewelry Making and Designing Business
As a skilled profession, jewelry designing is flourishing, compared to yesteryears. The career path is highly rewarding, especially for people who have great creative minds. Earlier, jewelry was considered just as a status symbol and means of financial security. However, today it has become a fashion statement giving jewelry designing a wider scope and growth prospects. This can be one of the best business ideas for women.
54. Event Management Business
Although the type of events will vary widely, some typical examples of events you might manage include birthday parties, weddings, graduations, anniversaries, christenings, and bar mitzvahs. In fact, virtually any kind of occasion could require a special event.
In addition to private events, there are also corporate events such as product launches, team building events, sales meetings, or end-of-year events. The list of corporate event planning opportunities (as well as non-profit fundraisers) available to an event planner is extensive, which means there is a long list of opportunities for someone who recognizes what makes this business sector well-suited for startups.
If you have a passion for crafting beautiful furniture or other home goods out of wood — there’s a demand for that. List a few of your pieces on sites like Etsy, eBay, or Craigslist. Once you build a following, consider starting a website, accepting custom orders, or expanding to refinishing work and upholstery.
Babysitting can absolutely be a business! It all depends on how much effort and time you want to devote to it. Babysitting is commonly a job for students, but you can certainly be a full-time babysitter as an adult as well.
57. Career Consultancy Business
Since the main part of a consultant’s job is to meet with clients, consultants can often have more flexibility with their work hours depending on appointment scheduling. There is also the opportunity to telecommute once you get more settled in your role. This not only leads to being a more productive employee, but it also allows for better work-life balance!
The best thing about starting your consulting career is that you definitely won’t be going at it alone. You’ll have the opportunity to work with team members who share interests, expertise, ideas, and work ethic behaviors similar (and different!) to yours. This creates the perfect opportunity for career-launching collaboration!
58. Start A Franchise Store
In a franchise business, the franchisor provides a developed way of doing business, ongoing guidance, systems and assistance in return for periodic payment of fees and/or purchases.
Advantages of buying a franchise
- Franchises offer the independence of small business ownership supported by the benefits of a big business network.
- You don’t necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model.
- Franchises have a higher rate of success than start-up businesses.
- You may find it easier to secure finance for a franchise. It may cost less to buy a franchise than start your own business of the same type.
- Franchises often have an established reputation and image, proven management and work practices, access to national advertising and ongoing support.
59. Online Tutorials
One big thing that Internet Technology has done today is that it has bridged the gap between talent and audiences. Today YouTube and personal tutorial websites have enabled artists and professionals to share their talent, knowledge, and skills with their followers.
The biggest advantage is that this helps you build a reputation and image and helps you grow a reliable follower base. The earnings keep rising as followers, shares, and subscriptions increase. The most popular online tutorials that you can see today are.
- Domestic hacks and household tricks
Operating a business can lead to financial success. Unlike a job where your earnings are limited to what your company is willing to pay you or a predetermined wage scale, the money you earn from a business is often determined by your own efforts and business savvy. If your initial venture is successful, you can add to your earnings through expansion.