What are Some Easy to Start and Cheap Business Ideas?

Are you tired of working around the clock for someone and getting almost nothing in return? Are you planning to quit your 9-5 job and start something of your own? Whatever the case may be, if your ultimate goal is to work for yourself, we have you covered. Here are some amazing business ideas that will help you in paving your way towards success.

The entrepreneurial journey involves a lot of risks as compared to a full-time job. However, the satisfaction it gives justifies all the sacrifices you will make to reach the goal post. From online business ideas in India to working offline, nothing is easy. You need to give every ounce of blood and sweat to make things happen in your favour.  

Let’s dive right into the blog and uncover some outstanding small business ideas.

1. Selling Your Talent Online

Being creative is a gift that only a few possess. Be it creating a painting, knitting a sweater, making a dreamcatcher, or baking homemade cakes or chocolates. You must value the talent you own. Numerous online sites allow you to sell whatever you want, like eBay and Shopify. Today skilful people make great use of Whatsapp for business and Instagram official page handles by displaying their talent through stories, pictures, and videos. With little input, you can increase your profits by keeping the following points in check.

• Delivering high-quality products
• Timely delivery
• Asking for genuine reviews from customers to lure potential clients

2. Vlogging on YouTube

Amongst the new business ideas, vlogging tops the list. On YouTube, people can become a sensation from one viral video overnight. As now viewers prefer watching videos on YouTube rather and on TV, vlogging becomes essential. If you are an outstanding chef, a comedian, and an artist, then vlogging can help you start your online business without much investment. All you need is a YouTube channel and good marketing & content strategy. Think hard regarding what type of videos you want to create? From fashion to beauty, YouTube has a plethora of categories. However, for some, generating revenue through this medium could be challenging in terms of time and effort. Just be patient, do not give up easily!

3. Airbnb

Gone are the days when hotels were the only option to find a place to stay during vacations and exploring new places. Today, thanks to websites like Airbnb, people can rent their apartments, rooms, and empty spaces and earn some extra bucks. In the earlier days, allowing a stranger into your home was considered dangerous. However, with changing times and evolving minds, this has become one of India’s most affordable online business ideas. This temporary on-the-way housing facility is safe, secure, and a genuine opportunity to start a business on a small scale.

4. Personal Trainer or a Coach

If you have the motivational genes, then this is a perfect opportunity for you. Today, be it parenting in the 21st Century or calligraphy lessons for the kids, people are finding mediums where these skills can be learned and embraced. This is one of the most considered online business ideas when it is about starting something from home. Being passionate about something and turning it into a business opportunity is a winning solution for many.  

From one-on-one training to group services, this business idea involves variety in duration, pricing, course volume, etc. This is on you now how well you know your industry and your level of expertise. Remember, these types of business ideas only work when there are successful tangible results, natural marketing occurs from word-of-mouth, and an increase in the number of referrals.

5. Daycare Services

The requirement for this kind of business does not go out of style and season. People prefer to leave their children in daycare rather than hiring a nanny and leaving the kids at home. However, finding a good daycare is challenging. There are elements that you need to consider before opening one. From insurance, licensing to adequate space, there are fun and learning activities that will help you make your mark in the city you live in.

6. Curriculum Vitae Writer

The next option in this list of small business ideas is Resume Writing. This might sound weird to some, but people hire help to get everything right on their resume to grab a job they desire the most. If you have that skill, then this can be a great business opportunity for you. A little talking with your client and drafting a resume on the computer is what needs to be done. To simplify, no investment, no risks, and straight revenue generation. Even employers cannot take their eyes off from a resume or portfolio that is professionally satisfying. Yes, the way you compile your resume and cover letter makes a huge difference in grabbing a job opportunity.

7. Organiser

A person who loves to organise or plan events, for them, this is a dazzling business opportunity. Do you remember Monica from the Friends series? Well, that is the kind of skill you need to start an event or party planner business. From professional to personal events, make yourself skilful enough in different genres. To begin with, plan a birthday event or an anniversary event. Slowly, increase the level of your business by planning for weddings and corporate meetings.

8. A language Translator

Do you specialise in a particular foreign language? If yes, then it is time to earn some cash from this skill you possess. From a financial translator to a business negotiator, you can choose your niche. Again, this business opportunity needs expertise. With little investment in yourself, you can generate revenue in no time. The revenue that you earn from this business is directly your net profit without any major expenses to deduct.

9. A restaurant on the go

If the movie Chef inspires you, then you know what it takes to be the owner of a restaurant on the wheels - exceptional cooking skills, a food truck, ingredients & accessories, and one or two helpers. This aids you in understanding what people crave in your city and creating a good audience base before you start with an actual restaurant. Indeed, like this, you can try your hands on the business you always wanted at less investment and risk.

10. The Art of Photography

In the new business ideas list, this is always mentioned for ages. If you think clicking a perfect photo is a layman’s job, then you are delusional. This is a skill that you need to master. Once mastered, you can choose your pricing and clientele accordingly. This business idea works in your favour of word-of-mouth marketing and genuine referrals. Also, remember to open a Facebook and Instagram page exclusively dedicated to the photos you take. It is crucial to post your work regularly on these pages to attract as many clients as you want.

11. Consultant

This is a skill-based business too. If you have a knack for taking a four-figure business earning organisation to six or perhaps seven-figure, then this should be your business foundation. Find your professional centre and market yourself in that niche. The best part, charge whatever you want as this business is subject to the level of skill you own.  

12. Professional Writer

If you know how to knit words into beautiful and meaningful sentences, this small business idea is just for you. There are more than one lakh websites that are created every day.  Therefore, the demand for writers is accelerating every moment. Amongst the online business ideas in India, being a writer is considered one. It is time to give wings to your words by writing professionally for individuals and corporates. Writing is not just limited to websites. From social media posts to product reviews, writers are hired for everything and anything.

Why be afraid now when you know the list of business ideas that can make you money with lesser investment.

Also read:

1) Online Business Ideas You Can Start Quickly
2) What online business can I do to make money? Here are the top-6 ideas for you.
3) Where Do the Best Business Ideas Come From?
4) Best Home Business Ideas in 2020
5) OkCredit: All you need to know about OkCredit & how it works.

FAQs

Q. What amount of savings do I need before I start my own business?

Ans. The more you have, the less it seems when it comes to starting a business. However, after doing the market research, you should have enough money to cover your expenses until you do not reach the break-even point in your business.

Q. What general skills do I need to start my business?

Ans. Apart from expert skills, you should know how to manage and plan your business. From finances to the workforce, you need to know how to handle every aspect of your business.