Starting your own business is everyone’s dream. However, most budding entrepreneurs see their dreams nipped in the bud due to paucity of funds for investment.
Should you possess some special skills, you can definitely start your own small business with low investment. While some such small business ideas can be operated from your home, in other cases, you may need to lease small premises.
Funding small business: Generally, small businesses begin with whatever little capital you may have. Loans on very soft terms are also offered by community organizations and cooperative credit societies. You may consider procuring a loan to fund your small business idea.
Plan well for success: Remember, failing to plan is planning to fail. Therefore, plan your business well in advance before launch. Study the market for the product or service you plan to offer. Further, acquaint yourself well with your prospective competitors and their offerings. Talk to people you trust and seek advise if necessary. Additionally, build a database of your prospective customers before launch.
50 New & Best Small business ideas
Once you have completed the above homework, you are almost set to open your small business with low investment. Here are 50 new & creative small business ideas with low investment that we recommend to start in 2019.
1. Mobile phone repair/ accessories/ recharge
India will have nearly 800 million smartphone users by the end of 2022. Further, this figure will grow exponentially as more brands and cheaper variants enter the market.
Consequently, the demand for outlets and persons who offer repairs of mobile phones is expected to increase manifold. You can also sell accessories and credit recharge.
2. Meal service (Tiffin)
One of the best small business idea for women. Nowadays, the demand for home and workplace delivery of meals has increased vastly.
You can launch your small business with low investment right from your kitchen by preparing fresh, wholesome meals and supplying them to offices and homes.
Blogging is no more a work from home career. Now you can consider blogging a serious small business. You can either start from your home if you have some space or take a small office on rent.
Either you can team up with like-minded people or hire people to work on your blog(s). You need to hire a content writer, a SEO expert and a content marketer.
There is a huge returns if you make a proper strategy for your blog. People easily earn $10,000+ with such setup. You can start your blog here and once your blog has good traffic then make money with the ways explained here.
4. Network marketing
Network marketing, also known as Multi Level Marketing is an excellent small business. However, you need to tie-up with well reputed brands that offer great products.
A search on the Internet will reveal some such major brands, whose products are always in demand.
Thanks to rising medical inflation, people nowadays look for unconventional health and nutritional products and supplements as well as skincare and beauty products.
You can grow your network marketing business by promoting its products in your friends circle. You can also promote it online by creating a website.
5. Babysitting/ Childcare
This is a small business for women that can launch from home or small premises. Investment required for opening a babysitting and childcare service is very minimal.
All you need to invest in are a few toys, cribs and mattresses.
Add a few packets of disposable diapers, antiseptic lotions and a first aid box as well. Nowadays, babysitting and childcare facilities are in very high demand due to the rise in number of working couples.
6. Small Online Business Ideas
There are various small business ideas that can be done online from home or office. You can start many of such ideas without investment.
We have already covered such business ideas here. You can check which is best suitable for you from the list of 160 business ideas.
7. Mobile garage-(Small business for men)
Everyone has seen cars, scooters and motorbikes breakdown in the middle of busy roads. The unfortunate owner of these vehicles usually faces a dilemma about where to get repairs. For such eventualities, you can offer a mobile garage.
For this business with low investment, you will require a car, mobile phone and all the tools required to repair a stalled vehicle. All you need to do is, rush to the place where the vehicle is parked to perform repairs.
8. Aquariums & fish
This is a small business idea you can enter with low investment and also from your home. For this trade, you need to buy a few aquariums of various sizes and different kinds of fish that are popular as pets.
You can also breed fish by keeping special tanks.
Additionally, selling air pumps, fish food and decorative stuff for aquariums will net you more profits. Aquariums are also popular as gift items. However, you need to be well versed in handling various species of fish.
9. Nursery & garden requirements
Once again, this is a great small business idea with low investment. Due to increased awareness about environment, many people now maintain small plants and shrubs at their apartments and offices.
You can open this business from your home. Additionally, you can sell packets of fertilizers, seeds and other garden requirements.
10. Jams, pickles & sauces
As people become increasingly conscious about their health, the demand for healthier, non-commercial jams, pickles, sauces and ketchups is on the rise.
Moreover, consumers nowadays are wary of consuming foodstuff that contains chemicals of any sort. Given this scenario, you can manufacture jams, pickles, sauces and ketchups with traditional recipes that are chemical free.