11 Low Investment, Unique and New Business Ideas

By : |September 1, 2020 0

Thinking of new business ideas can seem like a mountain of a task. But the amount of time, money, and risk involved all depends on the business idea you chase. On the other hand, the COVID-19 pandemic has been a bane for most of the industry. But we cannot overlook that it has also been a boon for many. Increased hygiene concerns have encouraged entrepreneurs to start looking at some of these industries.

Contrary to popular belief, there are actually many ways to start a business. These new business ideas can let you focus less on the logistics and upfront costs. These low-investment new business ideas make a great entry point for beginners, bootstrappers, or anyone with a busy schedule. It lets you pick up a side business without having to drop everything else.

11 Low Investment, Unique, and New Business Ideas

1. Design and sell print-on-demand goodies

Print-on-demand inventory is the new fad. Whether it is “BINOD” or “Yeh Rashi Thi”, customizing these quirks on products with your own designs to create something original, is going to go a long way. These can include T-shirts, hats, phone cases, hoodies, skirts, tote bags, and more. They can easily become canvases for your creativity.

The items are pay-per-piece and thus, require only the time that you’d like to donate.

2. Launch your own book

Cookbooks, picture books, comic books, poetry books, photo books, coffee table books, and novels—if you’ve got the knowledge or the creativity, there are a variety of original books you can bring to the market.

3. Offer digital courses

This pandemic saw a lot of people delving into their hobbies. If you have a talent; say cooking, dancing, or you are an expert in a field, venture into teaching it. They’re not tangible products, so you won’t have to worry about the manufacturing or shipping costs.

4. Create an online fashion boutique

If you love fashion and sharing your sense of style online, you can consider creating your own online fashion boutique. You don’t need to become a fashion designer for this. Simply curate items from other vendors into your own online store. These could have items from dresses, shoes, swimwear, accessories, and more. You can build your own fashion brand using one of the several product sourcing. Model them in your own product photos and social media posts, and build an online following as a trend-setter.

5. Sell handmade goods

If you’re a maker—whether you DIY soap, candles, sauces, or pottery—you’re in a unique position to find an online business idea since product development and procurement are literally in your hands.

6. Sewing and alteration specialist

People will always need clothing hemmed and buttons mended — and you could be the person to do it. If you love sewing, start by offering simple services like those mentioned above, and expand your repertoire to dressmaking and design as you build a customer base and demand.

7. Life or Career or Health Coach

If you have some experience under your belt, put it to good use as a life, career, or even just a health coach. Many of us are looking for guidance in our careers — and finding someone with the time to mentor us can be tough.

The job offers freedom of time, the pay is good and you will make a life-long difference.

8. Tutor or Consultant

Whether a math teacher, a piano master, or a literature teacher, there’s someone out there who needs a little help. Just advertise verbally that you are taking classes and students will come in. The business will require a max of two hours a day and you will earn some money.

9. Transcription service

If you have a good ear and can type quickly, transcription service is a great business idea. It allows you to work from home with a flexible schedule. If you’re not looking to start all at once, or if you have a day job you would like to keep, for the time being, you can accept as few or many transcription jobs as you’d like. To boost your business prospects and justify charging more, consider becoming a certified transcriptionist and delving into a few specialties.

10. Dog Trainer

The job is perfect. Spend as much time as you want, with the most friendly creatures on earth! Although there will be issues of licensing and insuring, your canine friends will make up for it. Perhaps one day you will look to open a franchise like Dogtopia.

11. Freelancer

In the world of freelance, you can work from home and be your own boss. Use your skills to earn business in your desired field. These can be Writing, SEO, Design, Illustration, Coding Developer, etc.

Here is a more tech-based list of unique business ideas.

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