13 Low Investment Small Business Ideas
In today’s blog, I’m going to take you through some low investment, small business ideas that you can start making money with this year. Let’s get into it. I am so excited to be filming this blog because I think the pandemic has really forced us to think differently. So in today’s blog, I’m going to be sharing some unconventional, different, fun business ideas to get you started.
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Start A Charitable Business
Number one, you can start a charitable business. Now you don’t have to be a nonprofit in order to make this work. You can still be a profitable company and weave in a charitable aspect into your business plan. So, for example, when COVID hit Toronto had a local designer, her name is Rachelle LeBlanc and she built protective plastic shields for business owners that couldn’t afford to buy them. So that’s just one idea off the top of my head. But of course, you’re going to want to choose a cause that you care about and that’ll give your business meaning, and it’s going to make you motivated to work harder.
What would actually make your life a whole lot easier is to download a Shopify app called give and grow. It makes it really easy to partner with charitable organizations. So you can set it up to donate a specific amount, or you could even ask your clients to add a donation at checkout. Obviously, you’re going to want to talk about your charitable efforts in your marketing. And I think there’s definitely a tasteful way that you can actually go about this. So you can share humble blog posts, or you can get other people to talk about your, your humanitarian work on your behalf.
Create Your Own Fashion Boutique
Now I know you’re probably thinking, okay, this blog is supposed to be about not holding any inventory. But you actually do not need to buy any inventory in order to create a successful online fashion boutique. You just need to have an eye for style and upcoming trends and curate your own shop. So you can source clothing from product sourcing apps, like Oberlo, Ali express, Alibaba.
If this is the first time that you’re hearing about drop shipping, check out this blog right over here, where we explain it in depth about how this works. With this type of a business, it’s all about picking a niche and just really sticking to it and only holding inventory that appeals to a specific type of person. So, as an example, if you are targeting a riot girl type of aesthetic, then you’re going to want to hold, you know, punk and goth style clothing. And really only that type of clothing.
Starting A Pet Business
Okay. Is it just me getting a puppy? I don’t know if it is the pandemic or what, but the pet industry is worth nearly a hundred billion dollars. So you can take a piece of that pie by offering pet services. If you’re an animal lover, it could be meaningful to start a pet walking or a pet sitting business. You can sell packages for customers that too busy with work or ready to go on vacations. So my recommendation would be to start by marketing your services on an app like Rover. You’re going to want to start here because there’s already an established user base. And then once you establish those relationships with regular clients, then you can direct them over to your own Shopify website in order to convert them to larger packages.
Create A Membership Program
Starting your own membership program is a really nice way to make recurring income, especially if you already have an established network. And I think right now, everyone is probably a little bit fatigued with online classes, but you can still stand out if you find a way to differentiate yourself and scratch a specific itch that people are currently having. So right now off the top of my head, um, I think people are lacking community and they’re lacking connection. Maybe if you wanted to start like a woman’s circle, for instance, where people could connect. That could be an interesting take on this.
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And it is super easy to start your membership based business in Shopify. So set up a new product, just like you would for a physical product, but create a name and description that tells people about your membership services or events. If you want even more inspiration to start, we’ve actually compiled a list of over a hundred in demand business ideas, and they’re actually broken down into categories to make it super simple. So we have categories like fitness, apparel, and gaming. So all you have to do is click here to download the big list of business ideas for free.
start a zine
Do you have something important to say? Do you have a specific viewpoint on a topic? Are you super creative? Well, if you said yes to all of these things, then you might be interested in starting a magazine. And I think this is just such a fun business idea because you get to collaborate with other creatives in order to make this come to life.
Starting a zine also creates space for breeding a new culture that you could lead and you could spearhead. And I think it’s nice to bring like-minded creative people together, especially in today’s climate. So the best way to make this all go down without having to hold any inventory at all is by using a method called print on demand.
What happens with print on demand is you only pay for an order once someone actually puts the order in, you only send it to print once someone has paid for an order. So if you are interested in how the print on demand method works, feel free to check out this blog right here. It goes into depth on how you can print books and magazines without holding any inventory at all.