Successful Small Business Ideas – Pat on the Back as you have decided to clock out from your 9 to 5 job to start your own business. Small or big any successful business starts with a good business idea. If you are a beginner and looking for small business ideas, your search ends here. In this post, I will share 30 Successful Small Business Ideas with Low Investment. These business ideas are low cost and easy to implement.
Make sure to select a business idea based on your education, field knowledge, and experience. Do not jump into business as it is in demand. Make a proper business plan and study all legal and commercial aspects before jumping to any unknown venture. Just complete your homework, select the best business idea and Work Hard in Silence Let Your Success Be your Noise. Now let’s quickly get started with 30 Successful Small Business Ideas with Low Investment.
30 Successful Small Business Ideas with Low Investment
# Innovative Business Ideas
- Digital Consultancy
The first successful and innovative business idea is starting your own digital consultancy. The world is moving towards digital. Every small or big organization is spending money on digital initiatives. This makes digital consultancy successful business option. In this business, you need to provide consultancy about digital projects to various small and big organization. To start this business, you need to gain knowledge in technical areas such as IoT, Artificial Intelligence, machine learning, digital development platforms. It is a futuristic business with good potential.
- Go Green Products
Starting a business related to Go green product is next in the list of successful small business ideas. Conserving energy and protecting the environment is the need of an hour. In order to drive this initiative, many people are opting for Go Green products such as solar energy, solar products, biodegradable fuel, echo friendly bags, etc. You can either start trading in the mentioned product or plan to manufacture your own go green product.
- Mobile Auto Garage
Mobile Auto Garage is a small and innovative business idea. In a mobile auto garage, you need to send a mechanic with a mobile kit at a various location based on customer’s requirement. You can decide the area of operation. It is a very good business idea with very good potential. In a western country the concept of a mobile auto garage is very popular.
- Organic Farming
Organic Farming is next in the list of innovative small business ideas. Organic Farming is a process where the crop is produced naturally without using chemical-based pesticides and fertilizer. Under organic farming, there are multiple options such as organic dairy farm, livestock farm, organic fish farm, organic store, etc. Many people prefer organic food item. Thus, starting an organic farm business is a very good business option.
- Virtual Reality Accessories
Virtual Reality Accessories business is next in the list of an innovative business idea. Usage of virtual reality is growing like anything. VR is extensively used in gaming, entertainment, work collaboration, training, and virtual tours. If you have expertise in the VR area, especially for software development you can start this business.
- Children Play/Adventure Area
Children Play or Adventure Area is next in the list. Children love spending time at the creative play area or at a place where they can feel the adventure. If you have space and resources, you can design and open unique children play area. It is advisable to open children play area in a shopping mall or at a central place. Investment required for this business is moderate.
# Food related Successful Business Ideas
- Fast Food Shop
The first food-related business is a fast food shop. Today’s generation is fond of fast food. This makes fast food shop evergreen business option. Serving tasty and healthy food is the main requirement of this business. If you can fulfill this requirement you can get quick success. Investment required for this business is moderate.
- Diet Food Shop
Diet Food Shop is next in the list of successful small business ideas. The concept of dieting and healthy lifestyle is increasing. People have become health conscious and they are ready to spend money on health. Thus, starting a diet food shop is a very good business option. In this business, you need to sell diet food such as keto diet, low-calorie food, etc. Investment required for this business is moderate.
Opening restaurant is an evergreen business idea. This business requires intensive investment and meticulous planning. In addition to this, you require a good chef for cooking food. The success ratio of this business is very high.
- Food Truck
A food truck is next in the list of successful small business ideas. Food truck means mobile van serving a customer on the move. This business can be started with low investment. The location of a food truck and tasty, healthy food served in the economical range are keys to succeed in this business.
Also Read – 90 Business Ideas with low investment
- Grocery Shop
Starting a grocery shop is the next successful business idea. A grocery shop is a place where you need to sell goods for daily needs. A location of grocery shop matters a lot, so you must be careful in selecting a place for a grocery shop. Grocery is volume business. You need to focus on increasing your volume sales.
# Home Based Successful Business Ideas
- Home-based chocolate making
The first home-based small business idea is chocolate making. Demand for chocolate will never end. If you love making chocolate make it your business. You need a chocolate recipe, utensils, cookware, molds and packing material to start this business. You need to tie up with shopping malls or small shop keepers to purchase your chocolate. Investment required for this business is very low.
- Tuition Class
Starting at Tuition Class is one of the best home-based business ideas. If you have good teaching skill and knowledge you can start this business. You just need a few wooden benches and blackboard for starting this business. At an initial stage, this business demands mouth publicity or advertisement.
- Network Marketing
Network Marketing is next in the list of home-based business ideas. Network marketing demands very good communication and convincing skills. In this business, you need to enroll yourself as a member of MLM company. Once you enroll, you need to start selling the product and services of MLM company. You will gain commission on every sell. Some company also provide money for the performance of your group. Make sure to select the best network marketing company.
- Beauty Parlor
Starting a beauty parlor is next small home-based business. This idea is suitable for women. Investment required for this business is very low. You need to undergo specific training course before starting this business. You can also start this business in part-time.
- Foreign Language Class
Foreign language class is next in the list of small home-based business ideas. To start this business, you need to gain expertise in a foreign language such as French, English, German etc. You may also employ an expert in this language. This idea requires a lot of marketing at an initial stage.
- Accounting Services
Accounting service is next on the list. A finance person with expertise in software can start account and recordkeeping business. In this business, you need to keep records of all financial business transactions. You can get fixed money for this. You will need special training for this business.
- Customized Gift Store
Customized Gift Store is next in the list of small business ideas. Nowadays people prefer customized gifts. If you are creative and make some unique gifts for a various occasion this business is for you. The investment required for this business is low.
# Low Investment Successful Business Ideas
- Insurance Agency
Buying insurance is one of the basic requirements of a human being. Insurance fellow always remains in demand. If you are an expert in communication and convincing skill you can plan to open an insurance agency. You need to enroll at various insurance companies to become an insurance agent.
- Real Estate Agent
Real estate agency is one of the highly successful business ideas. In this business, you need to help people in finding the right property for rent or sell. You can earn a hefty commission from every transaction. This business can be started with zero investment.
- Computer Repair
Computer repair is low investment successful business option. In this business, you need to repair computers and IT devices. You can start these services from home or from a rented shop.. You can work in the home as well as office segment. You need to take appropriate training in order to start computer repair work.
- Fitness Trainer
Fitness trainer is a profession by itself. A demand for fitness trainer is growing. If you are a certified fitness expert or trainer you can enter into this profession. Fitness trainer provides a trainer to an individual as well as a group of people. A success rate of this business is very high.
- Namkeen Snacks Making
The concept of Namkeen and snacks is growing. People are ready to spend money on Namkeen. If you are good at making namkeen and snacks you can start this business. You require a small shop for making and selling namkeen. You can plan to employ a cook for making namkeen. It is very successful and lucrative business option.
# Small Online Business Ideas
- Online Tutor
The first online business idea is online tutor. The task of online tutor is to provide tuition online. You can either make use of YouTube videos or SKYPE for online training. You can charge fixed money for every session. You can even make your own website to start teaching online.
Blogging is one of the best small online business ideas. In this business, you need to share knowledge and information about specific topic. You should select a topic as per your expertise. You need to invest money on domain name and hosting space. You can make money by placing advertisement on blog.
- YouTube Channel
YouTube Channel is one of the simplest yet lucrative business option. In this business, you need to start your own YouTube Channel and upload videos. Once your channel gain popularity you can apply for YouTube channel partner program. This program will help you to monetize your YouTube Channel.
- Affiliate Marketing
Affiliate marketing is one of the best online business idea. Many people are making lot of money via Affiliate marketing. Affiliate marketing means promoting others product on your website and help them to increase the sale. On every product sell, you will get a commission. You can promote product or services via e-mail marketing, whatsapp marketing, facebook marketing or via own website.
- Virtual Assistant
Virtual Assistant is the next online job or business option. There are many websites that offer the job of a virtual assistant. In this business, you need to assist people for completing their work. The work could be typing e-mail, sending and checking email, data entry etc. This idea requires a basic knowledge of computer.
- Online Store
Opening an online store is next successful small business idea. In this business, you need to host website with your own online store platform. You can use this platform for selling your own products or you can plan to extend service to other vendors. This business require moderate to high investment.
Freelancing is a business which demands specific skills. Some examples are website designing, graphic designing, software development, mobile app development, SEO etc. If you have knowledge and expertise in this area you can start freelancer business.
Over to you –
I hope above business ideas are useful to you. Do help me by sharing your business ideas. This will help me in growing the list of 30 Successful Small Business Ideas.
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Remember- To be successful in business, you have to have your heart in your business, and your business in your heart.