Low-capital startup business ideas.
Cecilia Lorraine Patterson, MA, EMBA, Level 8 Certification
Partner with a Seasoned Business Leader for Unmatched Results | Strategic Growth, Operational Excellence, and Bespoke Consulting Solutions.
If our last blog post on "Growing your internet business" inspired you to consider launching a full-time or part-time business, you are in for a treat. You will agree, changes in the market environment have created a competitive scenario in which startups require assistance and/or business advisors to achieve rapid, low-cost success. To assist our prospective clients, we at MTC Consultancy scoured the Internet for low-capital startup business ideas.
We provide a list of thirty business ideas with low startup costs that you might examine if you are prepared to launch and operate your own business. Consider this list as if you were an investor evaluating different company investment opportunities.
The list is exhaustive because we have taken into account the heightened hazards that organisations are currently facing as well as the digital opportunities that may be required to remain competitive. Later, we can work with you to determine why your selection is a successful option for you. Register for this by arranging an appointment at mtcconsultancy.com, and you will receive an additional twenty business ideas from which to chose.
There are numerous business ideas available, but we have selected those that do not require a substantial amount of capital to launch and may be readily launched as a side gig (side hustle). It is strongly suggested that you perform extensive study on any business ideas that interest you, whether or not they are mentioned here. Depending on the needs of your target audience, the finest ideas are frequently those that aim to alleviate burdens and enhance company resiliency.
The study you undertake on your concept of interest will allow you to decide whether or not the business idea is a good fit for you and the environment in which you intend to operate. It is essential to choose a business concept that reflects your particular abilities. Choose something you are enthusiastic about so that you can endure even when the going gets rough.
MTC Consultancy will help you design a lean business plan to determine the viability of your business idea and other needs for launching and expanding your business.?
Today's business models necessitate business owners with business and digital acumen who can rethink business shifts brought by by technological advancements or COVID-19.
There is assistance available with strategic business tools and startup plans to assist you in growing a highly successful business. Some of such business ideas that you may explore;
1)???Energy Auditor
?As an energy auditor, you advise individuals on how they can reduce their carbon footprint and monthly energy costs. In an age where everyone is "going green," this service is in high demand. Everyone wants to save money on their energy bill, and many would appreciate assistance in understanding their energy consumption and monthly bills.
2)???Bizonline.App Website Consultant
Business On Line - https://bizonline.app is an all-in-one platform for people to use if they want to start a small business. Web design is of utmost importance to businesses starting out. Build websites, funnels, e-commerce and CRM in this one platform. There is an ongoing demand for website design and website building, so if you are highly skilled in building websites, you can design a good number of websites and funnels for your business services or your clients in different industry sectors using this tool.
3)???Electric Charging Station Provider
Many people believe that electric cars are the future. As such, this business is expected to grow immensely in the upcoming years as the need for electric charging stations increases. Starting this business is certainly an investment for a successful future.
4)???Start an Electric Scooter Brand
?You can start your electric scooter brand as the demand for this continues to grow. You can choose to either sell your electric scooters or rent them out, as their popularity continues to increase, especially among the young. They are used not only for fun but also by people to commute to work or their place of study.?
5)???Organic Café
?Organic cafes are increasingly becoming a popular trend, particularly for those who are becoming more health conscious. If you are a fan of organic food, you may wish to provide people with premium organic products.
6)???Gluten-Free Bakery
?A gluten-free bakery can serve that part of the population who have allergies to gluten. The growth potential of this business can include other customers as well, and you can also include other food products.?
7)???Organic Vending Machine
?If you are living in a high-traffic area you can start an organic vending machine business. With the demand for organic products continually rising, simply providing these projects to the passing public in the right place can have good results.?
8)???Web Development
?This is a most valuable skill, as it is currently high in demand. The most important skill in this field is coding, which you can learn via online. Earn an additional passive income as a web developer to design your own unique themes and then sell them on websites as design templates. It is highly recommended that you take some courses before starting your business in this area.
?9)???App Developer
?If you know how to provide digital solutions, you could consider becoming an app developer. Figure out which niche is yet to be filled. People are always looking to make their lives easier, and the right apps can save them a lot of time and effort.
10) SaaS Business Owner
?Develop and offer Software as a service (SaaS) which is a cloud-based software program that delivers different applications over the Internet—as a service. Instead of installing and maintaining several software, you simply access one Saas through the Internet (via an SaaS website), freeing yourself from installing software and the complexities of managing hardware for that software. Examples being Microsoft 365, Google Cloud SaaS Platform (G Suite), Zapier, and many others.
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?11) IoT Service Provider
?This is the kind of business you can do completely online whereby you provide organizations and businesses with hardware sensors, the necessary IoT infrastructure, and continual support.?You can combine this with Internet of Things and software education. The need to acquire knowledge of software has become a universal one, meaning there is immense potential for growth in this industry. Examples of IoT include connected appliances, smart home security systems or equipment, and wearable health monitors.
12) SEO Manager/Consultant
?SEO (search engine optimization) is a necessity for everyone who wants their website to be ranked at the top. Companies are increasingly looking for SEO experts to improve their brand visibility.
13) Manage Digital Marketing Campaigns
?The key to running a successful business managing digital marketing campaigns is to be able to create increased awareness of your client’s brand.?This is an excellent idea for anyone with great marketing and relationship skills.
14) Influencer Marketing
?Do you have a large following on your social media accounts? Leverage your reach and influence online to market other people’s products by sharing information about products and services. Companies know that there is no better marketing than by word of mouth. Instagram is by far the most popular platform for influencers.
?15) Affiliate Marketing
?This entails promoting other people’s products to get commissions on their sales. You can easily combine this business with promoting multiple small businesses such as crafts, beer pubs, wine bars, home chefs, and meal preparation services. The most famous platform used for this purpose is Amazon, but you can also promote products by blogging. For a fee, you could sign up the small businesses in your area and mention their products and services in your blogs. Often small businesses don’t have the time to promote their business, or the know how to reach large audiences online, providing an opening for you.
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16) eBooks
?Producing and selling eBooks can be a very fulfilling online business if you know how to package your knowledge and skills into a downloadable eBook form. To be successful, however, you need to identify your target audience and write in a way that stimulates their interest.
17) Data Analysis
?Interpreting and ordering data is a most valuable skill in the fast-paced modern world. If you can order, interpret, and cast raw data in an easily accessible and digestible format, this might just be the right career for you. Helping people who are struggling with their business reach the right clients using data is a vital and rewarding service to provide. You can get this service from consulting companies such as MTC Consultancy.
18) Online Bookkeeping
?Thousands of companies all over the globe now outsource bookkeeping. And with online software and appointment-setting tools in abundance, digital nomads can easily manage their clients’ accounts from anywhere in the world. Even better if you have the qualifications. Provide high quality services and establish a good reputation, and the sky will be the limit for any accounting company.
19) Dog Walking
?If you love pets, this is also a great way of turning you passion into a business. Many dog owners simply don’t have time to take their dogs out for a long walk daily, which makes this a very sought-after service.?
20) Pet Grooming
?Provide pet grooming services is where you offer haircuts and spas for people's pets. People love their pets and are happy to pay for such services. You may find that there is a huge number of pets in your neighborhood.
21) Tailoring?
Style and fashion are here to stay, so tailoring will always be a good business opportunity. Do you know how to saw and can use a tailoring machine? You have the potential to start a successful business from home. You may add other services such as making clothing alterations. People not only want to dress for success, but also want to look perfect for that special occasion by ensuring they fit perfectly in outfits of their choice. Coupled with good taste in fabrics, you can outdo your competition and run a highly successful business from home. Example of things that you can make are throws, scarfs, hats, cushion covers etc. By providing services like clothing alterations, you can cater to this need for people in your local community. Often people are forced to buy a new wadrobe for losing some weight. Some people have problems to find the right fitting. You can come to the rescue for the customers and as well as the environment doing this,
22) Craft Business
?Crafting is a very specialized skill. A lot of people are also interested in learning this skill, so in addition to providing your own customized crafts and embroidery, you can also teach people art lessons or start up a knitting club. By possessing the skills to make high-quality rugs, carpets, knitting, colouring leatherwork etc and you will be on your way to creating extra income for yourself.
?23) Baking?
?If you are a good baker and this is your favourite passtime, you can easily turn this hobby into a moneymaking business. Many people prefer homemade products. Nowadays you aren’t even limited to your local community, as online marketing and sales can greatly broaden your client base.?Start marketing your services using bizonline.app
24) Amazon Store/Reselling
?Starting an Amazon store can be a highly rewarding business even if the industry is highly competitive. Everything is going virtual, and an increasing number of people are buying online, which means that if you’re selling the right products, your business will flourish. The great thing is that you do not have to make any of the things you sell. You can be a reseller. Amazon reselling is a business idea that opens up a lot of opportunities. Valuable products bought at local garage sales can be resold on Amazon at a profit. You can also do the same on other platforms. For example, buying things on eBay is a lucrative business model. If you can hunt down the right bargains at the right time, you can sell the items at a good profit.
25) Home Painting Service
?Aesthetics are important to people—especially in their homes. If you can provide cost-effective painting services plus other handy man services and build a good reputation, you have a business model destined for success. This type of business is easy to start by helping friends and neighbours who do not have the skills to. Reasonable fees and a good reputation will encourage more people to sign up for your services in your local area since professional services tend to have long waiting lists.
26) House Staging for Estate Agents
?House staging is all about rearranging the furniture and features of a house in order to make its interior more appealing to potential buyers. Through house staging, you provide an essential service to real estate agencies who aim to sell properties at an optimum price.?
27) Environmental Consultant
?You can become an environmental consultant and help entrepreneurs reduce their carbon footprints. This is a relatively new and growing business idea in an era where environmental concerns are a top priority worldwide.
28) Ecommerce Store
?If you have an eye for style, but do not want to invest in a boutique, then consider an online consignment shop. If you can source popular products and sell them at a profit, an ecommerce store might be a great idea for you. Whether you are selling your own products, those produced by others or both, you will be able to reach a worldwide audience with certain items. You can become a consignment online shop owner and it will allow you to curate a collection of clothing that matches your client’s needs, without the expense of premises.
29) Online Teaching/Tutoring
?Education has gone virtual. Long-gone are the days where all students only attend lectures on a campus. With the right skillset and qualifications, you can earn a living by teaching from home. This could either be in real-time or through a series of prepared lessons that anyone can tap into, without you needing to be online at the time. In addition, you could tutor students online. Schoolchildren and university students are constantly in need of improving their knowledge and grades. By providing a tutoring service, you will gain the satisfaction of fulfilling this need by helping students improve, while you earn a living at the same time.
30) Career Coaching
You can help others move forward in their own career by guiding them with the right advice and strategies as well as helping them set appropriate goals including resume writing which can be a business on its own merit. The job market is tough, and jobseekers often seek help to create a great resume. If you can help people to land their desired job by providing high-quality career guidance and resumes, then your reputation will mean you have a steady line-up of customers. An additional benefit to making this a successful business for you is the satisfaction of making other people’s lives better.
MTC Consultancy's mission is to help small businesses refocus their priorities, goals, and objectives. The "Three MTCResearchUK? Signature Business Tools" are designed to make it easier to adopt a scaling culture, helping businesses succeed. Please get in touch if you are in need of professional services.
At MTC Consultancy, we consider ourselves well-versed in a vast array of service industry enterprises. At this juncture, we can offer custom solutions powered by big data for your new business concept or startup (and for differentiated experiences, ground breaking tools will be added soon, changing the way we offer these services).
The majority of startups require the assistance of a business consultant to bolster the resilience of their ideas, so there is no dearth of services based on your needs. Contact us for a free consultation that will assist you in identifying the most lucrative business opportunities. Together, we will evaluate, evaluate, and compare your business ideas to determine which one you should likely pursue.
Plan for a 30-45 minute brainstorming session in which we will also evaluate your business idea in terms of the potential profits, your passion, and your understanding of the risks. Any additional consultation work thereafter will incur a fee.
For hourly rates and pricing packages, please visit mtcconsultancy.com or our store. To be successful, you must first come up with the right idea, followed by determination and concentration. As such, MTC Consultancy will provide you with additional services to assist you in bringing your business opportunity to life.
Our services are suited for new business concepts, startups, early-stage businesses, businesses with rapid expansion, and established businesses (making for changes due to industry or current market climate.)
MTC Consultancy primarily focuses on providing management consulting services, delivering business consulting and digital solutions, advising and supporting entrepreneurs from a variety of industries, addressing business gaps and resolving complex issues in corporate, marketing, operational, and human resources. On a mission to assist SMEs in various business stages by sustaining, developing, enhancing, and applying business management services that assist companies in shifting their attention to scale-up priorities.
We provide business management assistance in the development and implementation of business tools, such as business models, business plans, and business strategies, that enable entrepreneurs to save time, reduce errors, and implement business improvements that result in cost savings and increased revenue.
Financial Services & IR Video Communications Expert | Founder of Mahne Creative Media | Transforming Corporate Storytelling
2 年This is really on-point . I've got friends who have moved into the energy efficiency areas 1+3 over the last 6 months so this list is very accurate. I might skip the baking, unless you can combine it with AirFrying...