Entrepreneurs face many hurdles when starting their own businesses from scratch. Any entrepreneur needs capital to succeed, but it’s not always easy to get it. But not every business needs to be capital intensive.
Do you want to start a business? Are you afraid you don’t have enough money to get started? Don’t worry! We have some low-investment business ideas that you can start with little to no money.
Custom T-Shirt Business
If you want to start a low-budget business, a print-on-demand t-shirt business can be profitable. You only need to design the t-shirts and collaborate with a supplier to print your designs. If you are not adept at graphic designing, you can hire a freelancer from Upwork or Fiverr, who can do the job for you. Here is how it works
- Find a supplier who can print t-shirts on demand.
- Find a graphic designer Or design your t-shirts.
- Create an e-commerce website.
- Let the supplier know when a customer places an order for a specific design.
- The supplier will print your design on the product
- They’ll even package and ship the product to your customers, so you don’t have to worry about logistics.
Learn more: How to Start A Profitable Online T-Shirt Business in 2022
How is it a low-budget business idea? You only pay the supplier when you have sold the products. It is a win-win! Print on Demand offers you the scope to not just sell t-shirts but a variety of printed products like phone cases, mugs, etc.
Home Bakery
Do you love cakes? Can you bake? This business idea is for you if you know how to make the batter. Every locality has a go-to bakery, and you can set up your shop in your area if you know how to bake.
It doesn’t require much as you can start baking at home. Take orders from friends and family who have an event. Slowly, through word of mouth and social media, people will come to know about your bakery.
Once you start getting enough orders, you can rent a place around the corner and create a full-time profitable business out of it.
Coffee Shop
Coffee shops are a great place to hang out, regardless of whether you’re young or old. If there are little-to-no coffee shops in your area, this is your sign to open one. There are three main things you need to consider and try to achieve when opening a coffee shop:
- Renting a place in a prime location.
- Procure the best coffee beans with the best value for money.
- Buy a coffee maker that suits your needs and budget.
Furthermore, you do not need to spend much on decorations. If you are creative, you can find many interior decoration DIY ideas on the internet and beautify your coffee shop. Finally, once your business starts rolling and becomes highly profitable, you can re-invest the money to scale your coffee shop even further…
