Many entrepreneurs find it difficult to start a business in today’s market. The barrier to entry is incredibly high, and although you may have the perfect product, if you don’t have the money you need to finance your business, then it’s practically impossible to get it off the ground.
But what if I told you there were ten businesses you could launch for a profit that don’t require much start-up capital?
Let’s have a look….
Have you ever popped into a coffee shop to get a caffeine fix only to be bombarded by adverts for various products and services?
If so, then you will know how frustrating it can be. But instead of wasting your time in a coffee shop, why not open your own coffee shop to serve ads for businesses that you believe in?
Selling adverts for businesses that you believe in is called ‘cafe advertising’ and is a great way to generate an additional revenue stream from your internet business. When a customer purchases a cup of coffee, you can either give them an advert or ask them to consider making a purchase. The coffee shop owner will not normally have any involvement in the sales process, but will get a cut of the revenue.
Launching a cafe is not as difficult as you might think. You will need a pretty sizeable amount of capital to purchase the necessary equipment, furnishings, and kitchen supplies. But beyond that, all you need is a good idea and some elbow grease.
The e-commerce industry has grown rapidly over the last few years, and with good reason. Online shopping provides a great deal of convenience for consumers, and also offers the opportunity to earn a reasonable amount of money.
The best part about e-commerce is there are so many different business ideas you can pursue. What you need to do is match your experience and expertise to one of the many available e-commerce platforms. For example, if you have expertise in graphic design, you could develop your own e-commerce store where you sell your own bespoke designs. Alternatively, you could use an established e-commerce platform to trade and sell your own handmade goods.
E-commerce platforms like Shopify, Bigcommerce, and Volusion make getting started easy. All you need to do is sign up for a free account, choose a theme for your store, add your products, and start marketing. As a result of all this, you will generate sales, which you can use to pay your bills and reinvest in more inventory.
Home delivery services such as DPD, FedEx, and UPS enable businesses to deliver goods and documents to customers’ doors.
However, instead of using these services for your core business, you could use the home delivery service to provide a convenience to customers. For example, if you own a bakery, you could offer home delivery of your products. Or, if you’re a graphic designer and need to have a particular document delivered to the offices of a company, you could hire a courier to bring it directly to the recipient.
A home delivery service is another great way to earn a little side income from your existing business. All you need is a reliable vehicle (a van would be perfect), a smartphone, and a permit to be a courier.
Online Grocery Shopping
Grocery shopping online isn’t a new concept, and it’s something people are really turning to. Why? Because it’s much easier to do your weekly shop online, rather than trying to go from store to store. You can also rest assured your order will be delivered straight to your home in one go.
There are many grocery-related businesses you can start, from selling fruit and vegetables to selling spices and condiments. As an entrepreneur, you will need to pick your niche and build your business around it. You will also need to decide how you are going to manage your inventory, since the rise of e-commerce means consumers have a wider choice of what they want, and you will need to be sure you have enough of what they want to buy.
If you’re an air traveler, you know the annoyance of the annoying ads that keep popping up during the flight. Now imagine if you could avoid those ads and get relevant information that may be useful to you. You could create an app that enables you to browse the in-flight entertainment system for movies or music that you may enjoy, and provides relevant information about the actors or musicians such as where they come from and their preferred languages.
If you’re an entrepreneur who owns an airline company, you have the perfect opportunity to offer some real value to your customers. Instead of just selling them an expensive meal ticket, why not offer them a little gem that will make their flight a little more interesting and help them get some work done?
If you’re an entrepreneur who loves to travel, you could consider making your living exploring oil and gas reserves. Why? Because a lot of money is to be made, and it doesn’t hurt to be well-connected. You will need a geological engineering degree to get started, but beyond that you just need to be able to find a productive well, complete with a competent crew.
It’s a great opportunity to become your own boss, with all the expenses (including living expenses) covered by the company. In case you decide this option is right for you, be prepared to sink big bucks into training, office equipment, etc. However, if you can find a skilled geologist who shares your passion for exploring new places, then this could be the perfect opportunity to make a living out of traveling the world and finding new oil reserves to drill.
Real Estate Investment
If you’re an entrepreneur who loves to travel but rents out his/her vacation home instead of taking a hotel room, you have the perfect opportunity to invest in real estate.
There are numerous benefits to real estate investment, from passive income to tax benefits. Plus, you get to enjoy living in a place where you can walk to nearby restaurants and bars. If you’re looking to get involved in real estate, now might be the perfect opportunity to dive in.
The telemarketing industry has undergone substantial change in recent years. Nowadays, most telemarketing firms are either owned by large corporations or scaled down to single operators relying on customer leads generated through cold calling or social media.
However, if you have a good telephone voice and can work a phone, you can get in touch with potential customers and offer your product or service over the phone. So, instead of spending all your time in a physical location, you can operate from home. This can be a great option for entrepreneurs who need occasional extra cash. And if you’re looking for an additional revenue stream, you could consider setting up a home telephone sales company. All you need are a few good salespeople and some decent equipment.
Online Travel Agent
If you’re an entrepreneur who owns a travel agency and wants to explore new opportunities, you can set up an online travel agent. What is an online travel agent you ask? It’s an entity that acts as an intermediary between consumers and travel agencies. So, if you’re an agency owner who wants to explore new markets, then setting up an online travel agent might be the perfect way to do it.
As an online travel agent, all you need is a reliable Internet connection, a dedicated phone line, and a computer with a fast Internet connection. Travel agencies will find your services valuable, as you will be able to take their customers’ reservations and sales, and also process payments. Plus, you will get a commission on each booking you make. So, if you want to explore travel options but don’t have the time to physically manage a travel agency, then this could be a great way to make a quick buck.
Choosing a profitable business to start is not easy. But with careful planning and some additional income streams, you really can achieve this. By taking the time to think of innovative ways to make money, you may be able to find a business that others have failed to conquer.