Starting a small business is a great way to earn income as well as gain the financial independence you desire. You can always set up a small business in various fields.
There are a lot of options that require minimal capital and investment. In a big city, there is a demand for various goods and services, and you can cater to those demands by starting a small business.
This article will help you choose small business ideas that require low investment as well as are in-demand in big cities. Here, we have listed down a few ideas which you can take.
1. Niche Blogging
One of the easiest businesses to start in terms of capital investment is Niche Blogging. A Niche is a specialised segment in a market for a specific product or service. For example, there can be a niche for fitness, bakery items, phone covers, decor etc. Niche Blogging is writing specifically about the niche to reach out to the target audience.
Niche Blogging is a part of content marketing, meaning reaching out to an audience through writing content. To succeed in this business, you will need to know about Search Engine Optimisation (SEO), Search Engine Marketing(SEM), Social Media Marketing (SMM), and Analytics.
You can either master these skills yourself or take the help of someone else.
2. Mobile Hairdressing and Salon Business
If you are skilled in hairdressing, you can start a mobile hairdressing and salon business where you go to different houses and provide salon services to them.
It is an easy business to get into. All you will need is hairdressing and grooming skills, salon equipment as well as some beauty products. You will also need to arrange regular transportation.
You can earn a good amount of profits from this business with only minimal investment. Plus, you can expand your business by establishing contacts as you move forward. Word of mouth is the most important form of marketing for your business.
You can even start your salon once you expand your business.
3. Window Cleaning Business
Window Cleaning Business is another great option to explore. All you need is cleaning materials, equipment and transport. You can start this business by first working for small buildings.
Once your business becomes profitable, you can also service large buildings and houses. You can also hire a few cleaners once your business expands.
4. Photography Business
If you are a good photographer, you can use your photography skills to start a new business. You can create a social media page to build your portfolio. Then you can approach potential clients, who can also be your friends.
All you will need is a camera, some lighting equipment as well as photo editing software. You can either open a small photo studio or be a mobile photographer who goes around places to service their clients.
You can start the business by approaching your friends. You can keep on growing your network as you interact with more and more people.
This is a highly competitive field, as there is no dearth of aspiring photographers. Hence, you will need to establish a name for yourself. You need to have exceptional skills to stand out from the crowd.
5. Virtual Assistant
With the growing popularity of Work From Home (WFH), Virtual Assistants are gaining popularity. Virtual Assistants are independent contractors who provide various services to their clients. These include clerical work such as bookkeeping, scheduling appointments, data entry, making calls, managing email accounts etc.
You can be a Virtual Assistant in the comfort of your homes and earn money according to your work. It will also give you exposure to various skill sets and tasks, which will add to your experience.
6. Pet-Sitting Business
Are you a pet lover? Then this job is the best for you! In big cities, a lot of people own pets. You can target this market segment by starting a pet sitting business. For that, you will need a space to keep the pets and ensure that the pets are in a safe and hygienic environment.
If you want, you can also go to the pet owners' homes to take care of the pets. This is preferred by most pet owners, as they prefer their pets to be home rather than in a kennel.
7. Real Estate
Real Estate is also a part of the parcel of big cities. Various people are looking for homes, as well as people looking to sell homes.
You can step in as an intermediary and start a real estate agency business. You can contact real estate owners and help them advertise their homes to potential buyers. You will need to build a website as well as establish some connections before you become one.
You can start by asking your friends and relatives if they have any property. Then ask those who are looking for a property. This way, you can kickstart your business.
To conclude, there will always be several business opportunities for you to explore. The main thing is to keep up with the latest trends to explore and exploit. You also need patience because success in any business isn't achieved overnight.
1) What Kind of Small Business Can I Do in A Rural Area?
2) What Business Can I Start in a Small Town in India?
3) What Is Most Important to Small Business Owners?
4) How to Get the Attention of Small Business Owners?
Q. Can I start a business in a big city that requires minimal investment?
Ans. Yes, there are several businesses which you can start with minimal investment. You don't need to only do big businesses in big cities. There are several options you can explore.
You can start your blog, be an Instagram photographer, start a food truck, art and craft classes, dog walking services, event planning business, mobile salon or a hairdressing business. The options are endless.
Q. If I want to start blogging, what topics can I write on?
Ans. Niche Blogging or writing blogs on a particular topic is another great option to explore. There are consumers for various products, services and lifestyle. They also need to read content on these topics to make better purchasing decisions.
This is where Niche Blogging comes into place. Here, you deal with topics such as fashion, electronics, mobile phones, bakery items and so forth. When you collaborate with a marketer or a business, it can also be called Affiliate Marketing.
Q. Is a Mobile Salon or hairdressing a great option?
Ans. If you are great at hairdressing and grooming, you can explore this option. All you need is tools and skills. You can start the business by approaching your close friends and then go on expanding your business. This business requires minimal investment.
Q. If I want to make my business big, how can I do that?
Ans. If you want to make your business big, you will need to plan appropriately. First, you will need to decide on the level of expansion. Accordingly, you will also need to hire employees, purchase a plot, purchase factory equipment and capital, get the necessary financing etc.
You will also need proper advice before you take your business to the next level.
Q. Can Photography be a sustainable small business?
Ans. Photography can be a great business. All you need is a camera and other equipment. You can start the business by approaching your friends, as well as other people. You can open an Instagram page and showcase your portfolio.
From there, you can gain a following. You can convert your followers into potential clients by approaching them directly or indirectly.
You can also expand your photography business further.
Q. Is Window Cleaning a business idea?
Ans. It is a great business idea. All you will need is some cleaning materials, equipment and transportation. You can start a business by working on small buildings and houses. As your business expands, you can also work on bigger buildings and employ more people.
Q. What can I do as a Virtual Assistant?
Ans. You can do various tasks as a Virtual Assistant. Tasks such as managing email accounts, managing calls, scheduling appointments, bookkeeping, and data entry are included in the job profile, depending upon the client's contract.