All small business persons wants to turn a profit. however it can be difficult to do so — especially early on. If you don’t have a ton of money or resources to get your business up and running, you can still hope to build a profitable small business.
In this article, I have compiled some low cost business ideas that however has a high profit potential to get you started.
As for affiliate marketers, what they do is to simply earn a relatively small portion of each sale they are able to send to a brand. What this means is that you don’t really need anything to get started. It may take you some time to build up an audience that will actually help you earn. However, once you get going it should be mostly profit.
Online Assistant Service
Online assistants do help business owners with whatever there need, ranging from inbox management to social media posting. Truth is all you really need is an access to a computer combined with a good internet connection to get started. Also another thing is that you can earn additionally if you have certain skills.
Online Influencer Service
Have you ever heard of influencers? Well, yes, Influencers usually become partners with brands in other to share their thoughts on certain products and services with their audience. If you happen to have a sizeable following on any social media or you have a blog, this can be an easy way to bring in some extra money.
Social Media Marketing
Another thing you can do is to offer your services as a social media marketing profession. To do that simply means you would actually build and schedule social media content on behalf of various brands.
For this type of business, all it requires is only expertise and a good internet connection.
Do you have a business expertise? If your answer is yes, then you can offer your services as a consultant where you provide insights and guidance to other brands.
Many businesses in the world today could also use help finding the right candidates for specific jobs. One things sure is that you can do most of this online. And one good thing you need to know is that this businesses often pay a premium to recruiting services that can help them find high level candidates.
Another thing you can do is to publish an ebook fairly inexpensively on platforms like Amazon. All the revenue you generates by publishing an ebook is mainly profit.
Bloggings is another means of earning online, a business you can start almost anywhere, however you need to starting a blog is not an easy thing, it mainly requires purchasing a domain and hosting. After you are able to build a following, you can start to earn money by offering sponsored content to brands, sidebar ads or affiliate links.
This is also a business you can start virtually anywhere in the whole world, it simply offers a similar business model, but it is just in an audio format, nothing more. And another thing is that you may have to purchase some audio equipment.
YouTube Video Creation
With YouTube,video creators can earn a portion of the ads revenue that their content brings in. To start, you may not even need more than some simple video equipment and time, you can build up enough of a following to earn profit on that platform.
Membership Website Development
If you want to start a website but you do not want to expose all of your website content users for free in blog form, then you can start a membership site, this means that people will have to pay a recurring monthly fee to access your content.
Are you a writer? If yes, then you can work with brands on a contract basis just to offer copywriting for their websites, their product pages or even for advertisements.
Another thing you can start is helping people in search of job to wrote their resume, this however requires you to have experience in helping people get jobs, there are numerous job seekers who would happily pay you in order to build resumes and cover letters for them.
Online Course Sales
For those with expertise in any given area, you can build an online course and charge a flat fee for people to access the course and take it at their own pace.
Digital Product Sales
There are also plenty of other digital products, from workbooks to design printables, that you can build without a ton of money and then sell online.
Are you a designer, then I am happy to tell you that you can offer your web design services on a per-project basis to businesses or even to individual persons.
Mobile application development is also very in-demand right now. If you have the ability to develop apps, you can either build your own or offer your services to third party companies.