Best Ideas to Start an Online Business with Less Investment
Starting a business on your own seems like an uphill task. You are forever cautious about which business idea to choose? How to start a small business? How much money should you invest? If you can easily manage money? How much risk can you take? These are a few of the questions that might worry you. But there is good news! You don’t have to fret too much these days in the era of the internet! Gone are the days when you had to think of a place to set up a business and have lots of money to invest in your business. With internet penetration so deep in the world, you can start your online business from anywhere in the world.
What is the Benefit of Starting an Online Business?
The greatest benefit of starting an online business is that it is very affordable and can be started from your home or even a small rented place. All you need to get going is a small office nook at home, a good internet connection, and some great entrepreneurial business ideas. You may start with very small scale business ideas and later grow that into full-fledged big businesses. With an internet business idea, you do not have to worry too much about logistics and extra costs.
Basic Things You Need to Start an Online Business
You can start a small scale business as a side hustle from the comfort of your home without quitting your current job. All you need to be sure of is that you should have the best business ideas. Along with that, you must come up with solid brand building & marketing strategies and a supportive customer care service. With the support of the internet, executing small business ideas in India is quite possible, and with ease!
You can easily focus on building these by bypassing many traditional startup costs such as initial inventory, warehousing, etc. In fact, you can get many internet businesses up and running with no money at all because of so many free services available such as Amazon, eBay, WordPress, YouTube, etc. And eventually, you will become self-employed, earn good money and pay your bills with ease with your online business. Starting your own business is a great way to be your own boss!
15 Best Online Business Ideas
Let us discuss a list of top 15 business ideas to start an online business and make money online with little or no cost at all.
This is the perfect choice for you if you are looking to sell products online but don’t have money to buy and store inventory. Dropshipping is an e-commerce business model in which you just have to set up an online store, and partner with suppliers who are ready to manage the physical products, store them and ship them to the customers.
If you are a multilingual person, you can set up an account on Upwork, Freelancer, etc. and monetize your skills. You can apply for gigs on translation and reach a wide variety of audience from across the world. Slowly, your clientele will expand.
#3 Social Media Consultant
This is for those who have a penchant for social media. If you are a strong creative writer and know the hacks of staying on top of the latest social media trends, then this might be the perfect opportunity for you. If you know the intricacies of building an excellent brand and cultivate a loyal online following, go for it.
#4 Web Designer
You will be on top of the game if you know how to design websites. With so many people starting their small ventures, website designing is in demand. You can break into the website building industry and make lots of money.
#5 Home-based Catering
Are you someone who is always the host and do your friends enjoy your cooked food? Turn your love for cooking into a money-making business idea. Start your own home-based catering set up and earn money from your culinary skills.
You can start your own blog if you are passionate about something or have expertise in a certain area. There are various platforms such as WordPress and Blogger that allow you to set up your own blog for free. If you post original content that is useful for your target audience on a regular basis, you will rank higher in the search engines. You can monetize your blog by placing ads via Google AdSense. You get paid on the basis of the pay-per-click model. Another trick is to earn money via Affiliate Marketing, by placing ads for the products sold by an affiliate. When the user clicks on the ad, the link takes him/her back to the site of the affiliate where he/she can purchase that particular product.
#7 Customized Goodies
People like customized things these days which have some personalized touch to them. If you are good at designing stuff, you can design T-shirts, phone cases, hoodies, bags, mugs, etc. and put some witty and quirky eye-catching slogans on them. Then you can sell them as per the demand, through your online business.
#8 Handcrafted Items
If you’re a creative head, you can make your own DIY candles, soaps, pottery, gifts, greeting cards, gift boxes, etc. and sell them online. You can use social media as a platform to sell your stuff online. Use your own Instagram handle and YouTube channel, etc. to grow your followers and reach the maximum number of people to make your brand more visible.
#9 Graphic Designer
If you have an eye for detail and skilled in designing logos, brand packages, posters, brochures, etc., you can and online business out of your graphic designing skills and create digital art for brands and companies. Grow your passion or skill of graphic designing into a business opportunity.
#10 App Developer
Nowadays, mobile penetration is farther than the web and almost every other person carries a smartphone full of apps. If you have excellent coding skills, it is best that you start developing apps, given that apps are now more popular than the mobile web. You can make your own apps to earn money or create apps for others.
#11 Online Content Creator
If you are someone who cracks people up with your witty jokes, then you could try your hand on creating online video content! Shoot videos and upload it online on various platforms such as Instagram, Facebook and YouTube. Once you earn a good number of views, followers, subscribers, you can earn a portion of ad shares. You can even set up your own podcast for storytelling or poem recitation or anything else and then earn through the advertisers.
#12 eBook Writer
Your online business can simply be your passion to write! If you have knowledge expertise in a particular area and have a knack for writing, you can package your skills and knowledge into an eBook. Advertise it on various social media platforms and make it downloadable upon payment for the same.
#13 Online Coaching/Tutoring
If you have something you’re skilled at and are passionate about teaching it, you can offer one-on-one online coaching. This is the best online business in the post-COVID world where everyone wants everything from the comfort of their homes. You can teach any subject or yoga or culinary skills, etc.
#14 Virtual Assistant
Are you someone who’s always organizing stuff for your family and friends? Are you known as the jack of all trades? Then, this job is perfect for you! It is like becoming a personal assistant. You can virtually help some big personality in project management, performing research and running endless errands.
#15 Online Fashion Boutique
If you are a fashionista and love styling others, you can consider creating your own online fashion boutique and building your own fashion brand. You can sell you dresses and accessories online via e-commerce giants such as Amazon, Myntra, Flipkart, etc. Furthermore, you can also act as a fashion consultant or a virtual stylist for people who need fashion advice!
So, you see that the Internet is a great equalizer and it has levelled the playing field, especially in the business world. What is stopping you now? Give wings to the dream you’ve always had. Be your own boss. Set your own schedule, and work as little or as much as you want, depending on how fast you want to grow your business. Start your own money-making online business now. It’s just a click away. Open your laptop now!