Starting a business doesn’t have to break the bank. Here are 18 ideas that won’t empty your wallet but could fill your life with success.
- Dropshipping
- Print on Demand
- Selling on Amazon
- Move Your Brick-and-Mortar Store Online
- Video Creation
- Subscription Boxes
- Interior Design Business
- Start a Podcast
- Write a Book
- Provide Consultation Services
- Sell Second-Hand or Vintage Goods
- Start a Candle Business
- Sell Arts and Crafts
- Affiliate Marketing
- Monetize a Blog
- Sell Shoes Online
- Sell Books Online
- Home Staging
1. Start Selling with Dropshipping
Ever thought about starting a store but worried about the costs? Traditional retail involves a lot of upfront investment in inventory, storage, packaging, and shipping. But with dropshipping, you can bypass all that. A third-party supplier handles production and delivery, leaving you free to focus on marketing and sales.
Dropshipping lets you test the waters without drowning in expenses. Plus, it’s a great way to see if your product ideas resonate with customers. Platforms like Wix make it easy to get started with their dropshipping solutions.
2. Print on Demand
Print on demand (POD) is another fantastic way to start a business with minimal investment. It’s like dropshipping, but you get to put your own spin on the products. Imagine selling T-shirts with your unique designs or quirky mugs that feature your artwork.
You can team up with freelance artists from sites like Fiverr or DeviantArt if you’re not the artsy type. Once you have your designs, connect your store to platforms like Printful or Printify and let them handle the rest.
3. Sell on Amazon
Why not tap into the millions of shoppers on Amazon, eBay, or Etsy? While having your own branded store is great, selling on these marketplaces can give you a wider audience right away.
With Wix eCommerce, you can effortlessly sync your product listings across multiple platforms, saving you time and expanding your reach. Just make sure to tailor your strategy for each marketplace, as each has its own quirks and customer base.
4. Take Your Brick-and-Mortar Store Online
Got a physical store? Why not go digital and reach more customers? Just look at Angel Gregorio from The Spice Suite. She transformed her spice shop into an online sensation, making over $2 million in sales.
Selling online doesn’t have to be a big leap. With tools from platforms like Wix, you can create an online store that complements your physical shop. Whether you sell spices, clothing, or car parts, eCommerce can open up new revenue streams.
5. Video Creation
Love making videos? Turn that passion into a business. Whether it’s cooking tutorials, workout routines, or kid-friendly content, there’s a massive audience out there.
Monetize your videos through subscriptions, ad revenue, or by selling access to your content. Offer some content for free to attract viewers, then upsell them on premium content. Platforms like YouTube and Vimeo can help you get started.
6. Subscription Boxes
Subscription boxes are all the rage right now. Think Netflix for products. You can curate boxes of themed items like beauty products, books, or gourmet foods.
Start by defining your niche. Do you love making homemade soaps or gourmet hot sauces? Package them into a subscription box and create different membership tiers for your customers.
7. Start an Interior Design Business
Got a knack for decorating? Turn it into a business. Kaekoo, for example, sells handcrafted textiles online and has built a strong brand around ethically sourced, unique home decor items.
Sell your home decor, woodworking projects, or paintings online. Share your design tips and ideas to inspire customers and drive sales.
8. Start a Podcast
Podcasting is booming, with ad revenues expected to reach $3 billion by 2025. If you have a passion for storytelling, this could be your calling.
Pick a topic you love, invite guests, and start recording. Use platforms like SoundCloud or Libsyn to host your podcasts and Wix to showcase them on your website. Monetize through sponsorships, premium content, or print-on-demand merchandise.
9. Write a Book
Ever dreamed of being an author? Self-publishing has never been easier. Write your story, compile old blog posts, or create an audiobook.
Platforms like Amazon Kindle Direct Publishing make it simple to get your book out there. Promote it through your website, and start collecting royalties.
10. Provide Remote Consultation Services
Expand your reach by offering consultation services online. Whether you’re a web designer, life coach, or medical professional, there’s a global audience waiting.
Set up a website where clients can book sessions, and use Zoom for virtual meetings. You can share your expertise without leaving your home.
11. Sell Second-Hand or Vintage Goods
Love thrifting? Turn your hobby into a business by selling vintage clothes or second-hand goods online. Focus on a niche you love, whether it’s vintage home decor or retro fashion.
Start small to keep costs low and gradually build your inventory. Marketplaces like Etsy or your own online store can help you get started.
12. Start a Candle Business
The candle market is booming, and it’s a great business to start with little money. Basic supplies are cheap, and there’s no shortage of free resources to help you learn the craft.
Decide if you want to create luxury candles or fun, affordable scents. Test your products, build your brand, and start selling online.
13. Sell Handcrafted Goods
If you’re crafty, there’s a market for your creations. Sell anything from knitted accessories to hand-painted art.
Choose a niche, find your target market, and start selling on platforms like Etsy or your own online store. Share tutorials and tips to engage your audience.
14. Participate in Affiliate Marketing
Affiliate marketing is a low-cost way to earn money by promoting other companies’ products. Find brands you love and promote their products through your blog, YouTube channel, or social media.
Choose products you believe in to maintain your credibility. Networks like ClickBank or ShareASale can help you find opportunities.
15. Monetize Your Blog
Turn your blog into a money-making machine. Offer paid memberships, become a freelance writer, or display ads to generate revenue.
Focus on creating high-quality content and building an engaged audience. Once you have a solid foundation, the money-making opportunities will follow.
16. Sell Shoes Online
Are you a sneakerhead or just have a lot of shoes lying around? Selling shoes online can be a lucrative side hustle.
Sell good-as-new shoes from your closet or source trendy kicks to resell. Platforms like eBay, StockX, and GOAT can help you reach customers.
17. Sell Books Online
Love books? Share your passion by selling them online. Start with books from your own collection or source used books from thrift stores.
Decide on your niche, whether it’s rare books, textbooks, or a specific genre. Use tools like BookScouter to estimate book values and build your inventory.
18. Home Staging
If you have a flair for interior design, consider home staging. Help homeowners make their properties look their best for potential buyers.
Start with the homeowner’s existing furniture and décor to keep costs low. Network with local realtors and showcase your skills online to attract clients.
FAQs
- How do I know that this or that physical business idea is best suited to me? It’s important to have a passion for the business idea you are going to undertake, possess certain skills, match the business idea to the local market demand and your personal goals.
- Some of the cheap methods that can be used to initiate a physical business includes the following:
They should start conservatively, begin with common areas, think about crowdfounding, and concentrate on definite priority expenses associated with the business model and development strategy. - I would also like to know how one can market a physical business. Social media should be utilized, partners should be sought from the local community, events should be participated in and advertisements should be targeted to the people properly.
