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Low Investment Business Ideas with High Profit Potential

You can start an awesome business with a very small investment. I can't wait to share my low cost business ideas with you! With a low investment can you really start a successful business? A business that has a potential for high profits? Yes! You can! I should know! I’m H.R.H King Charles Chimaezechi, Superfunkyzone MBA and serial entrepreneur. Most of my businesses I started with less than $2,000 There are plenty of low cost business ideas that you can start on a very small budget. Furthermore, even though these are cheap ideas to launch, they still have the potential to bring you excellent income and grow into large, highly profitable businesses. Many of these ideas are also easy to start, requiring little if any experience. Many of them you could even start part time, while keeping your day job. Here is a list of some of my favorite low investment business ideas:

Business Idea #1: Dog Walking Service Let’s start with dog walking: it might sound like a small-time idea, but it can become huge if you stay with it and keep your clients happy. A friend in Georgia sold his dog walking business for $500,000. A coworker’s friend made extra money dog walking while attending dental school in New York City. Enjoying the work, he continued while practicing dentistry, walking dogs before and after work and on lunch breaks. With a good pair of shoes, some patience and a love for pups, you can make someone’s day a lot easier. Walking dogs is a great way to make cash and to stay fit. And since pet owners in neighborhoods often know each other, networking is quick and easy. Who wouldn’t want to get paid to take my little friend Radcliffe on a walk? You can start part-time with even just one dog and build it from there! You can earn extra money by either boarding dogs yourself or getting referral fees from kennels when your customers go on vacation. Starting a dog walking service costs just about nothing. To get customers, put up some posters around town, place an ad on Craigslist, contact online community bulletin boards and notify your friends on Facebook. Remember even a simple business like this can benefit from a solid business plan. If you are in a rush, throw together a one-page business plan or even a business plan outline.

Business Idea #2: Lawn Service You can make big money taking care of small lawns! Lawn service may not be the most original idea, but it’s an example kind of the everyday business that offers both low risk and high income. Sure, it’s hot, hard work, but it can pay handsomely—sometimes $50 per hour or more, even before you start to add your first employees. Here’s my house. All year round, I hire a landscaping firm to take care of my lawn and do all the yard work. Believe me, they make good money. Start with a simple grass cutting service. You’ll just need a second-hand lawnmower and a grass catcher to get going. You don’t need a fancy truck and trailer. One friend’s landscaper carries his lawnmower in the trunk of his car. Once you’ve grown your client base, add extra services like spring and fall yard cleanup, weeding, edging, fertilizing, and planting bushes and flowers. Over time, you can build from a single lawn mower to a full-fledged landscape service. How do you get customers? Contact the Multi-Channel Marketing Plan on a $2,000 Budget that I put together specifically for a lawn care service.

Business Idea #3: Social Media Specialist Even small businesses need a presence on social media, but a lot of them either don’t know how to do it or don’t want to spend the time to do it. That’s where you come in. As a social media specialist, you will write and place posts on social media platforms, such as Facebook and Twitter. You need to know how to reach audiences, when and where to post, and how to write copy that will benefit your clients. Your customers will need you on an ongoing basis, providing you with steady income and an excellent business. As you become more experienced, you will want to offer your clients additional services, such as helping them place promoted posts and ads. Increasingly, social media platforms are becoming “pay to play,” with more companies paying to broaden their exposure in a crowded market. Becoming a social media specialist is not rocket science! It is relatively easy to learn on your own the social media skills needed to provide basic posting services to neighborhood businesses. Perhaps start out by offering discounted services for a friend’s business to get your first customer testimonial.

Business Idea #4: Office Cleaning I once played racquetball with a fellow at an upscale athletic club, who told me he made his living cleaning the offices of small businesses. He surprised me by saying that while he used to have a number of employees, he preferred to work alone. He did all his cleaning in just 5 hours per night and made very good money at it. His clients were willing to pay him a premium because they trusted him to be in their offices alone at night and he provided highly consistent work quality. He promoted his services by targeting local business owners by email, phone calls, and by networking at business events. Cleaning offices may be more lucrative than you think. And since the work is typically done at night you can start this business part time.Office cleaning might not be glamorous, but if you can make great money at it just working part-time, why not give it a shot? Furthermore, you could get started while keeping your day job because most of the work is done at night. Startup costs are minimal, including an industrial quality vacuum, floor mops, and cleaning supplies. After that, it’s all about providing solid, dependable service and keeping your clients happy.

Business Idea #5: Personal Trainer Are you passionate and knowledgeable about fitness? Can you motivate others? You could be a personal trainer, helping people get fit and feel good about themselves! For location you have all kinds of options. Many personal trainers visit clients at their home. Others meet them at a local health club. Some have their own home gym. And still others do their personal training online. Consider specializing, such as for people over 50 or women who are expecting. A home gym doesn’t have to be fancy as this picture of my own home gym shows. You can also offer personal training at your clients’ homes or online.If you have the experience, you could expand to become a personal coach for your favorite sport. For instance, a friend in Boston who coaches young soccer players has one client alone who pays him almost $50,000 per year to train his son! To get going as a personal trainer, talk up your skills with everyone you know, post flyers at gyms, and consider building an enticing website complete with a motivational video message from you, as well as testimonials from clients that you have worked with. In some states, you may need to be certified.

Business Idea #6: Moving Service How can you start a moving service without a truck? You rent one! Using rental trucks for this business is highly advantageous. You can rent exactly the size you need for the load you will be carrying. And you won’t have any operating costs for it on the days it is sitting idle. Most moves are local, so the market for local moving services is massive. I knew a fellow who carefully built a highly successful local moving service over the years by servicing each customer as carefully as possible and choosing a clever and memorable name for his business. He resisted the temptation to compete primarily on price. You don’t even need a truck to start your moving business. You can rent one! That makes it a great business to start with a very low investment. To get started, line up insurance, put up posters at apartment complexes and storage facilities and place your ad on Craigslist. I would charge on an hourly basis. This way, if the customer changes the number of items to be moved or if it takes longer than you expected, you still earn the same hourly rate. As an add-on business, consider offering packing services. If you have a driver’s license and don’t mind doing some heavy lifting, this could be the business for you! It might seem like that you need a few thousand dollars or more to start this business. But actually if you rent a van or truck to get started and use your home for your office – so you could start your moving service for just about nothing.

Business Idea #7: Room Rental Room rental is just about the easiest business on this list to start. It’s basically the Airbnb model, and you can use Airbnb to pursue it, or you can put up ads on travel websites and places like Craigslist. Disrupt the hotel industry by offering a cheaper, friendlier alternative. Here’s a picture of a rental I recently stayed at with a group of friends in Montreal.You don’t need a fancy house or penthouse apartment in order to make money renting a room. You just need a clean place and the patience to deal with people sharing your home. In fact, many people who rent a room really enjoying meeting a wide variety of renters from many different places. Room rental offers solid revenue that is almost all pure profit. Take awesome photos of your room and house and try different ad copy. Don’t be afraid to adjust your pricing: hotels use local surveys to change their pricing every night.

Business Idea #8: Jewelry Designer Making jewelry can be a lot of fun, and there are plenty of places that you can sell it, ranging from craft fairs to local stores to online marketplaces. This business is a perfect example of an easy to start at home business. I’ve seen people start a jewelry business in their home and build it into a much larger enterprise. Holly Christensen started her jewelry business making items on her kitchen table and making sales at art and craft fairs. Now it’s a highly successful business with global distribution.To succeed in this business, you need to produce jewelry that not only looks great but also is sellable. So, keep your production costs way below your retail price so that you can easily cover your marketing costs or discounts to retailers. Jewelry is usually sold for at least a 50 percent discount off suggested retail to jewelry stores. Some jewelers will only take your jewelry on consignment, meaning that you retain ownership until it is actually sold. You will also want to consider selling your jewelry online both through your own website, as well as through various online marketplaces. Your jewelry will also be much easier to market if your pieces can be displayed as a differentiated brand and ideally as specific collections. So, make the turn from a hobby into a business by building a plan for marketing and sales, and away you go!

Business Idea #9: House Painting I started my own house painting business while on a summer break from college. Having too much free time on my hands, I could not stop wondering: “Should I start a business this summer? Would house painting be a good business idea?” I had never painted a house, but I had painted a few small boats and a couple of model train. I called my business College Painters to make it clear you could expect a low price, but most of my employees ending up being teachers. Nice guys and hardworking but not much more experienced in painting than I was. Fortunately, like most of the businesses on this list, house painting is easy to learn. And as I quickly found out, the key to a good paint job is the prep, such as sanding down the old, peeling paint. Learning to re-caulk around old windowpanes and replace the broken ones was a little tedious, but if I learned how to do it—so can you! I began my house painting business with basically no money. I got my first customer to advance me money to pay for the paint and supplies.The bidding can be a little tricky because you are under pressure to bid low to win the job, but if you bid too low, you end up working for nothing. Like me, you will probably underbid a few jobs as you start up, but so does everyone else in this business. You will also find amazing the price difference between bids—a variation of 300 percent is not uncommon. That is a reminder of how much upside there is in this business as you get experienced and build up solid references. To get started, you’ll need: a few ladders, drop cloths, rollers, brushes, caulking, and sandpaper. You may want to get a used pressure washer to help remove old peeling paint. You don’t even need money for the paint: you can ask customers to pay for it in advance. You do need decent weather for exterior painting. With my business, I ran into a severe rainy spell, temporarily crippling my income. That being said, there are always plenty of people who need their houses painted!

Business Idea #10: Freelance Writer Freelancers can still make money writing for print publications, but the big opportunities today are in content marketing. Companies of all sizes are looking to put articles on their websites to attract customers. For example, a client that sells office furniture may commission articles on the latest trends in office décor or perhaps how important proper seating is for worker productivity. The more you can build your expertise in a particular industry, the more marketable you will be. However, many people who write content marketing for specific businesses do not have operating experience in that industry. Instead they rely on input from the client and on doing their own research. To get started in content marketing, review the many content marketing videos on BusinessTown, polish up your writing skills and start contacting potential clients. Over time, you can build up your expertise, such as how to maximize SEO (search engine optimization) for your articles. To get freelance work at the traditional print publications, such as local newspapers and magazines, contact the editor. The most important thing you need as a freelance writer is “clips”—examples of your work. Good writing comes with practice, and editors will recognize it no matter what the source.

Business Idea #11: eBay Selling I am a model train nut, and I’ve bought a lot of really cool stuff on eBay. Often, I’m buying from people who run professional eBay selling services. They work on commission or maybe a flat fee. They don’t actually own the stuff, so they don’t take much risk. It’s an excellent, low-risk way to make good money over time. I use eBay to buy many of my model railroad items. You might be surprised how many people are buying and selling products on this marketplace.To get started, list some of your own unwanted belongings; next, expand to friends, family and friends of friends. A totally different approach is to use eBay as a trading platform. You develop some sort of specialty, learn the pricing and then buy cheap and sell high. A trading business can take a while to get the hang of. And until you build your knowledge, you risk both overpaying and also tying up your money with slow selling items. However, it is possible to build it into a highly profitable enterprise over time. I know a college student who paid much of his own tuition from money he made trading on eBay when he was still in high school.

Business Idea #12: Chef for Hire One of my friend’s sons started a chef for hire business when he was just 12 years old and grew it until he went away to college. He started serving simple foods to his parents’ friends, growing his offerings, as well as his customer base, over time. I suggest you start like my friend’s son, by offering a very short list of only your most fabulous foods. Under-promise, over-deliver and delight your customers! This business is extremely dependent upon both word of mouth and repeat business. Talk it up with friends and families and consider doing free sampling at town events and local food festivals. As a chef for hire you don’t need to be able to cook everything – just one or more really well done meals that your clients will love. Offering a weekend brunch is one possibility.To get started, you may be able to count on customers providing their own plates and silverware, but you will likely need some pots and pans, a hotplate and some utensils. With people usually looking to hire a chef for weekend parties, keep your day job until you build up a steady clientele. You can staff up with friends or temps if you land larger assignments, but keep your overhead low.

Business Idea #13: Professional Organizer People are messy. Offices, garages, and homes—they all have a tendency to get out of control. Nonetheless, people love the idea of being organized! That’s where you, the professional organizer, can help. As this picture of one of my closets shows, almost everyone could benefit from hiring a professional organizer!If you can manage to keep your house tidy and neatly arranged, you can do the same for others. Organize a room in your house and take before and after pictures. Post flyers at the local hardware store, storage facility or container store. Consider local ads, including Craigslist. As is the case with many of these business ideas, you could start small, even just yourself working on weekends. Get started by organizing a few friends’ rooms for a deeply discounted price. Do an awesome job, and create raving fans! Ask them to refer you to friends and to mention you on their social media accounts. Then, as you ramp up your client base, you could go full time and eventually hire other people. I know an enterprising woman who was successful enough to hire several other organizers and also expanded into organizing home businesses. You could further scale up this business by selling ancillary services such as junk removal or cleaning, or even by installing elaborate closet organization systems. And by the way, no matter which business you go into, being super organized is a critical ingredient for success. There are very few startup costs: a few storage bins, labels and magic markers. Business Idea #14: Mobile Auto Washing Cars are a great source of pride for a lot of people, but they don’t always find time to go to the car wash. And a lot of people don’t want their car to be washed at a drive-through facility. You can help with a mobile auto washing service. You don’t need a physical location. You can go wash cars at clients’ homes or offices. Or you can work out a deal with a parking lot or parking garage. The parking facility might charge a small fee, or they might be happy to provide you space for free as an added benefit for their customers. While I love my Maserati I hate to spend the time to take it to the car wash. Luxury and sport car owners may be the best regular customers for a mobile car wash.Later, you can expand into cleaning car interiors, waxing and even offering a complete detailing service. All you need to get started are a few sponges, a bucket of soapy water and some clean rags. A great model for structuring a service business and common practice in the car wash industry is the good/better/best service level pricing strategy. By offering different levels of service, you can both make your price affordable to budget-minded customers and make your services both appealing and highly profitable when servicing more demanding customers.

Business Idea #15: Knitting/Crocheting Lessons Knitting is one of the few businesses I have never considered going into. But it is making a big comeback, especially among Gen-Xers and Millennials. If you know how to knit or crochet, there is a waiting base of people who would love to learn from you. You can offer a knitting class at your local community center, perhaps even for free, and then start prospecting for private lessons. Also, consider promoting through online knitting forums. Get started with your knitting lessons by offering lessons through a local knitting shop or through community adult education courses.Search out a local store that sells knitting supplies. Maybe they will post a flyer promoting your service or allow you to give lessons in the store. Perhaps you can build word of mouth by working at the store part-time.

Business Idea #16: Local Marketing Service If you have some marketing experience, you can offer local marketing consultation to nearby businesses. With so many options to choose from, including websites, blogs, content marketing, search engine optimization, pay per click search engine ads, email, social media, cable ads, couponing and publicity, local businesses need your help more than ever. Marketing services that you can provide to local businesses range from putting posters on bulletin boards to creating websites and online advertising campaigns.You can’t be the foremost expert in every area of marketing today, so one of the keys to success in this business is building up a network of other local marketing experts that you can both share ideas with and also bring in to offer specialized help to your clients from time to time. Brush up your knowledge in any marketing area you are weak in by checking out the over contact 30 short courses on marketing available on superfunkyzone/dreammarket and hang out your shingle!

Business Idea #17: Personal Concierge Wouldn’t it be nice if somebody could go to the post office for you, wait for the cable guy or go out and buy that last-minute anniversary gift? This could be you … a personal concierge. There are a wide variety of people who may need your services—busy executives, senior citizens … even new working parents. You can start with simple gofer tasks and expand your operation all the way to helping plan travel or entertainment. You’ll need a reliable vehicle, great customer services skills and a thick skin. About all you’ll need to run a personal concierge service is a reliable vehicle and willingness to run a lot of errands.To land clients, place notices at retirement homes, community centers, day care centers, places of worship and local businesses. Try ads in places like Craigslist, and network through your friends, including by social media.

Business Idea #18: Private Tutor Have you ever considered becoming a private tutor? If you have expertise in one subject, like math, science or English, you’re ready to start. This is a great business to start small and grow into a sizable enterprise both by adding students and by adding services.