45+ Low Cost Business Ideas with Amazing High Profit Potential

Its natural that small business owner wants to turn a profit. But it can be difficult to do so especially during the early stages. If you don’t have a ton of capital to get your business up and running, but you need to bare in mind that there are a couple of small businesses with high profit margin. Have the right tips, guides, ideas and start..

Low Cost Business Ideas with High Profit Potential

High profit business ideas

Below are a list of Low Cost Business Ideas with amazing hing profit potential as we start.

Sell Ebook

You can publish an ebook on platforms like Amazon.Optimize the contents of the book and give an in-depth overview of the book. This will eventually draw customers to your product. At least put a reasonable price to it. Then all of the money you bring in when you make sales is mainly profit.

Online Service As An Influencer

Influencers partner with brands to share their thoughts on products alike services regarding their audience. Having a reasonable audience size following on social media or a blog can be an easy way to bring in some extra money.

Recruiting

Lots of businesses could also use help finding the right candidates for specific jobs. You can do most of this online. And businesses often pay a premium to recruiting services that can help them find high level candidates.

Blogging

Starting a blog mainly requires purchasing a domain and hosting. Then once you build a following, you can earn money by offering sponsored content to brands, sidebar ads or affiliate links. You can work at any time of the day with ease. But beware blogging takes time before it starts making money for you. You need to be consistent and have the passing of writing blogs or articles.

Social Media Marketing

Or you could offer your services as a social media marketing profession. In this case, you would actually create and schedule social media content on behalf of various brands.

YouTube Video Creation

YouTube lets video creators earn a portion of the ad revenue that their content brings in. With just some simple video equipment and time, you can build up enough of a following to earn profit on that platform. The general rule for monetization in YouTube is straightforward. More views your videos get, more money you’ll earn.

Service As A Virtual Assistant

Virtual assistants help businesses with everything from inbox management to social media posting. You really just need access to a computer and internet connection to get started. And you can earn even more if you have specific skills.

Develop Membership Website

If you want to start a website but don’t want to offer all of your content for free in blog form, you can start a membership site where people pay a recurring monthly fee to access your content.

Affiliate Marketing

Affiliate marketing helps you to earn a small portion of each sale or registration that passes through you. So you don’t really need anything to get started. It might take you some time to build up an audience that will actually help you earn. But once you get going it should be mostly profit.

Online Course Sales

For those with expertise in any given area, you can create an online course and charge a cool fee for people to access the course and take it at their own pace.. You can visit platforms like Udemy and make money online from there.

Business Consulting

If you have business expertise, offer your services as a consultant where you provide insights and guidance to other brands.

Ecommerce Reselling

What If you want to start an ecommerce business, there are plenty of products you can purchase fairly inexpensively and then resell them at a profit.

Bookkeeping

Financially savvy individuals, you really just need a computer and some bookkeeping software to manage the books for multiple business clients.

Web Design

Designers, offer your web design services on a per-project basis to brands or individuals.

IT Support

Tech savvy individuals can also offer general IT support to customers. You can even offer this service online or over the phone so you don’t need to pay for a location.

Tax Prep

You can also help individuals and businesses during tax season if you want to earn a high profit in a short amout of time.

Product Licensing

For those who have a product idea, offer the licensing rights to other companies so you don’t have to pay as much for development and manufacturing.

Stock Photo Sales

Photographers, sell your photos on stock photo sites to earn some passive income. All you need is a camera and a computer with internet connection.

Real Estate Brokering

As a real estate broker, you can earn money on every sale you make and bring in extra agents that can increase your profits even more.

Translating

If you know multiple languages, you can offer translating services for authors, businesses and governmental organizations.

Meal Planning

Lots of consumers are very health conscious and willing to pay for professional expertise on things like meal plans. You can charge even more if you’re registered as a dietician.

Personal Training

Or you could focus on fitness and work one-on-one with people looking to improve their workouts. Find a local gym you can work out of or consider creating workout plans for people you communicate with online.

Event Planning

If you have strong organizational and planning skills, you can start a wedding or event planning business without a physical office space.

Property Management

Even if you don’t have your own space to offer, you could start a property management company where you help property owners in your area manage their tenants.

 

Food Truck Operation

Food trucks are also relatively inexpensive to get up and running — at least for food businesses. And you can earn a fair amount by targeting special events and high traffic areas.

Vacation Rentals Business

If you have a bit of extra space in your home or an access to an extra home or apartment, offer your space on vacation rental sites like Airbnb.

Home and Office Cleaning

Starting a cleaning service really just requires some basic supplies and transportation. You can work with both homeowners and businesses, and hopefully build some recurring clients.

Catering

If you want to start a food business, catering can be fairly inexpensive, since you just need a kitchen but not a dining space. You can also charge a premium for certain types of events.

 Handyman

You’d be surprised at the number of individuals who don’t know how to change a light bulb — or simply don’t have the time! If you’re an expert at building and know your way around a well-manned home, this is the job for you. Handymen are usually paid by the hour and can have multiple clients at once. You can also partner with larger handymen companies as an employee or franchisee partner, meaning they will take a percentage of your pay, but give you loads of work in return, generally.

Dental Offices

Smile big — dental offices are high up on the list of the most profitable businesses in 2019. Yes, the overhead costs to set up this type of business are high, but with returning patients and excellent referrals, the practice will pay for itself. Additionally, there’s the added benefit of cosmetic tooth bleaching being a booming business (a $3.2 billion industry to be exact). If you got it, flaunt it — whether that’s pearly whites or a successful dental practice.

Travel Agency

This is probably one of the easiest industries to get into. Not a lot of investment is required. It’s a great business opportunity to help people get their plane tickets or arrange for other transportation options, hotel reservations, tours, and much more. By tying up with a host agency, you could open up a home-based travel agency. You should obtain your IATA (International Air Transport Association) and your ARC (Airlines Reporting Corporation) numbers. These numbers allow you to issue air tickets while earning a commission.

Freelancing

This can go many routes: graphic design, freelance writers, and social media gurus. The outsourcing services are continuing to make a difference in the way companies interact with their employees. Which means more opportunities for freelancers to take on projects. Websites such as UpWork and Creative Circle make it much easier for freelancers to become visible.

Car Detailing

Or you could focus on cleaning cars. People are often willing to pay decent prices for full detailing services.

Home Remodeling

If you have experience as a contractor or handyman, offer your services to homeowners looking to remodel their spaces.

Cleaning Services

Like the previous one, other than the right attitude, you don’t need much to start this business. All you need is basically some good cleaning equipment and products, a vehicle, and a catchy website to attract potential customers. If you already do your own cleaning at your own home and people praise your place for being spotless, why not turning this into one of the most profitable businesses you can find?

In-Home Senior Care

Lots of seniors need help with everyday tasks, from cooking and cleaning to running errands. Start an in-home care service and build up a base of recurring clients.

Pet Handling Service

Most people regard their dogs, cats and other pets as family members. They’re not a big fan of leaving their pets alone without anybody looking after them. Many pet owners, on many occasions, go away for short or long periods and need to have someone to look after their pets’ welfare. If your business can offer a place to keep the pets, you could earn some good money depending on the duration of their stay. Along with this, your services could include dog walking, training, and grooming. Some start-up capital will be needed to cover the costs of setting up a website, getting a mobile pickup, and stocking up on grooming materials.

If you love animals, offer to pet sit or walk or groom dogs in exchange for a fee.

Dash Cam Business

People use dashcams in vehicles to capture driving and parking accidents, to record a road trip or take videos of sunsets. You can set up a website and post dashcam videos to garner interest from potential customers. Instead of allocating space for inventory, the manufacturer can drop ship orders via your purchase orders.

Logo Design

Again, another freelance position worth considering. You need to be a visual type of person and highly creative, and be able to show a shining portfolio. Make sure you can come up with unique ideas, and do the homework of researching the potential market: while the demand for logo designers is high, also is the competition.

Call Center Operation

Running a call center may require a bit more startup costs than others on the list. But you can run some small customer service operations remotely. And many companies are willing to pay a premium to have their customer service operations located nearby.

Refurbished Electronics Sales

In this case, could purchase people’s broken electronics at a discounted rate, then refurbish them and sell them at a profit.

Wholesale business

Think twice if you’re planning to put up something like this. The profit margins here are low and thin. Those wholesale businesses that thrive have incredibly sophisticated and efficient working systems and procedures, rigid credit and collection control, and more importantly, they have huge volumes of sales over which they’re able to spread their overhead costs, which are a-plenty.

 

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