It has been rightly saying, “Big success is often just an accumulation of small successes.” A small beginning is evidence of good planning. Hence, do not wait and start your entrepreneurial journey immediately with whatever you have.
When you despise the seed, you will never get to the forest or plantations. It is the small seed that grows to become a big tree with lots of fruits. Similarly, if you want to achieve greatness, think big but start small with any resources you have. If you start small, it always allows you to constantly add to your business, growing your products to aim for bigger markets. The business must gradually develop and change with time to better suit market demand. Besides, the more people use your product/services, the more feedback you can get from them, the better your business will get.
Most successful entrepreneurs in the world such as Bill Gates, Mark Zuckerberg, and Elon Musk may hold the possibility of creating pyramids out of notes, but none of them started at the top of the ladder. You should know that Facebook was created out of a Harvard dorm room at minimal cost and Microsoft was formed two years after Bill Gates decided to drop out of college.
Once Walt Disney said, “If you can dream it, you can do it.” On that positive note, here are five business ideas that we believe can be launched with a very low-investment cost:
Online Education services
Education services on online platforms are a thriving business in today’s world of growing inventions, knowledge, technology, and competition. Creating a network of skilled experts to teach, train, and guide students and adults in various fields is a reliable and popular business choice at a small scale that can expand over time. One can also start developing and running an online course for students interested in learning a subject is a profitable feat. Some online-course providers may offer the course for free on their personalized websites, most usually tie-up with alternative digital content providers, which provide them with the tools to carry out their lessons. The major cost you will incur would be the minimum amount you pay for your domain name and hosting space, or to the digital content company whom you engage with to feature your course on their platform.
Blogging is possibly one of the most lucrative fields to tap into the digital age. Professional blogging as a start-up requires only a minimal cost. Here also you have to invest in a domain name and hosting space –initially at least – which in its ‘unlimited’ capacity costs a maximum of roughly Rs 3600. In case of promoting your blogs through the right channels, the cost-free and limitless expanse of the internet is all you need. Blogging is a long-term business if you are willing to put on the effort now. Blogging is not a get-rich-quick system. You start a blog now and consistently write valuable content before you see results. Unlike any other online business, blogging needs constant care. Once it started to get traction, your blog will gradually grow. Just continue writing and providing value for your readers to come back on your site.
If you are fond of cooking, then cooking classes is a perfect business for you. Food is something that appeals to everyone because of which cooking classes are a hit among the urban masses. You can conduct cooking classes if you are a professional cook, both online and offline. If you wish to choose online mode, you can either use a platform like YouTube and Facebook or launch your website to deliver the same purpose. The cost is a bare minimum in both cases. For offline mode, you can book a studio on the days you wish to conduct the classes, which again works out to be cost-effective, taking the selected number of hours and days into account.
E-commerce is a business idea with low investment. In this digital era, this is a booming business, but much online business struggle to get traction. If you’re thinking about starting an e-commerce business and selling products online. Many people think e-commerce is expensive to build. However, for basic/medium level e-commerce can be built with as little as 10,000 – 20,000. For instance, you can easily start an e-commerce business today by registering as a seller in Amazon India. All you need is a GST bank account and PAN registering is free. After registration, just list your products and become a successful seller.
Handmade candles are always in demand, which is what makes this an extremely popular business option. The conventional demand for candles comes from religious and decoration purposes. During festivals, the demand is extremely high. Otherwise too, these days the demand for the scented and therapeutic candles is also on the rise with many restaurants, households, and hotels using them to create an ambiance. The raw materials used to initiate the business include wax, wick, molds, thread, aroma oils, and more. Besides the raw materials, you also need to have some candle-making equipment. This includes a melting pot, thermometer, pour pot, weighing scale, hammer, and an oven (to melt wax).