We have always thought that starting a business requires a lot of capital and a lot of available time.
And although this premise has some truth, the good news is that there are excellent low-investment business alternatives that you can start quickly and on a budget.
If you are looking for something that you can undertake without neglecting your important activities such as family, university or doing it part-time and earn some extra money, here we share some good ideas.
But if you also have some funds to start it, it will be a notable advantage that will help your business idea take off with more force.
Of course, this does not eliminate the importance of having a good business plan, a lot of attitude and a desire to work.
In this post, I’m going to share with you at least 5 great small business ideas that can be started with little investment.
But before getting to the point, three important conditions for things to go well from day one:
- Be patient, your business may go slow but if you manage it well, it will grow and pay off.
- Don’t pretend to buy a new car with your first earnings. Let your idea develop.
- Be diligent with your costs and reinvest at least half of your earnings.
Now, let’s get to the point.
5 Business Ideas To Start From Home
1. Sale of imported clothing
Whether wholesale or retail, there are a variety of options to be able to sell second-hand imported clothes which you can do in your home garage. If you do a little research you will find clothing distributors who sell you bales even classified for retail resale.
Why sell second-hand clothes? It is because it is a business that can leave a very good profit margin and that it can be started by selling to neighbors and relatives without requiring a fine and decorated premises.
You can start with a first bale and measure your price market. In addition, over time you will be able to obtain greater advantages in prices and credit.
Here you can get this guide to American clothing suppliers in Mexico.
2. Be Part of a Network Marketing Network
Network marketing businesses are excellent businesses for entrepreneurs who need to spend little time and money to generate extra income.
Today there are a variety of product lines ranging from personal or home care to footwear, perfumery and vitamins, which makes them even more attractive.
Multilevel networks work based on affiliate systems through which you get special discounts that allow you to obtain good margins for sales and also commissions for the sales of your affiliate network.
If there is a proven fact, it is that the best independent entrepreneurs (Leaders Networkers) who are dedicated to this business can build significant income in addition to bonuses, travel and many additional benefits.
Network marketing networks have excellent sales training programs which is something very valuable and positive for those who want to develop these skills.
3. Ice Cream Microfranchise
It is a proven fact that the sale of ice cream is a very profitable business thanks to the constant demand for this product at all times and the enormous variety of flavors on the market.
Micro ice cream franchises are very convenient since for less than US $ 700 you can get all the support of a brand to distribute the product, which regularly includes a freezer, advertising and product to start, among other things.
The work consists of dispatching the product, carrying out sales controls and placing orders every week, which is almost always delivered to your door.
With time and a little more capital you can take this business to something more formal and lucrative like a complete ice cream parlor where you make your product with your own brand.
Recommended: Business plan for ice cream parlor.
4. Food Sales Business
Food is always good business. Especially if it is administered well.
So if cooking is your thing, you can start a small business selling food and snacks.
There are many options ranging from sale of snacks and executive parts to office lunches or a place for coffee in the afternoon. And what about party banquets?
In short, whatever the direction you give to your business, if you do it with good taste, a lot of hygiene and give it some added value as a home service, then you can enjoy an excellent low-cost venture.
You do not need to rent a space at the beginning since you can start from the comfort of your home and advertise locally with flyers or through social networks.
5. Teaches Courses and Tutorials
Do you have a high value area of knowledge and expertise? Are you a music teacher, chef or do you speak English? Then you can turn your skills and knowledge into specialized courses and tutorials for people who require the service.
Moms will be happy to send their children to reinforcements with you and you can do it by having a couple of free hours in the afternoons and generating good pesos in return.
You should start by preparing a teaching plan that includes your experience, skills, available hours, and price per hour. A nice and pleasant design will help you to better sell this service.
Then offer it to family and neighbors to make it as practical and convenient as possible.
Ready to undertake?
If you have come this far, I am sure you are one of those people with a lot of courage and enough energy to undertake and achieve your dreams.
So I welcome you to the exciting world of entrepreneurs. Of those who work long hours with the sole purpose of not working for someone else.
Of course it will not be easy, but along the way I am sure that you will enjoy an enriching experience that will make you feel incredible and that will also earn you money in the process.
Remember that many of the great corporations of the world, started as a great dream, in the garage of a house and with a few dollars in your pocket. But yes, they never gave up.
What business did you find the most interesting?