What are the most low-investment profitable businesses that you can launch right now? businesses that do not require a large investment. However, if you have a million dollars in your bank account, you have many possibilities.
But what happens if you don’t? What if you only have a few thousand or a few hundred dollars? What are your options? Is it possible to start a profitable business with only a few hundred dollars? How much money can you make from such a venture?
Listed below are a few business concepts.
- Digital Marketing Agency
- Crypto Business
- Online Tutoring
- Fitness and Wellness Blog
- Trade in Amazon
1. Digital Marketing Agency
I’m going to describe to you how you can actually start a tiny, little digital marketing firm and generate millions of dollars. I won’t try to sell you any courses, so don’t worry. Before creating this article, I spoke with some friends of mine who own similar companies to ensure that I was giving you the most accurate information available.
This is how it goes. What is the one thing that every company wants in the entire world? Sales!
A digital marketing agency is a resource that provides a wide variety of marketing services under one umbrella that a business typically does not have in-house expertise in. The agency has numerous client goals, but the ultimate goal is to help you increase your product and service sales through their efforts.
If you can help any business to increase their sales, they are willing to pay! the higher the sales, the more they are willing to pay! And doesn’t matter what business is that. That’s why businesses spend a lot of money on marketing, branding, building nice stores to attract customers, and so on.
But especially small businesses, don’t have the resources to have an entire digital marketing team, and here is where you come into the picture.
Let’s say it’s a corner shop that sells glasses. Their clients are the people who live around that place or accidentally bumped into their website when googling glasses. However, if more people knew about their products, they could double, triple, or even grow their sales by over ten times. Of course, anyone can put ads on Facebook, YouTube, or AdSense, but not everyone can put effective ads that turn into sales. And that’s what you must learn to do.
It’s not easy. It’s going to take you some time to master that skill. You might need to spend a few hundred dollars testing different strategies until you learn what works and what doesn’t. You can literally go to any business owner and tell him, here is how I can increase your sales by 30%, but I will take 1/3 of the profits of all the sales I deliver.
Any business owner would gladly work with you. To prove that you can put effective ads, you can give them a free trial. Of course, that business owner can learn to do that by him or herself, but when you have an entire business to run, you don’t have time for such things, it’s much cheaper just to hire someone who is good at that. It doesn’t matter what is going to be the social media of tomorrow. The foundations of this business are going to stay.
2. Crypto Business
The crypto world is filled with scams. I get emails every single day to promote crypto products that look very, very suspicious, but because I love you and respect you, I would never promote anything that I wouldn’t personally use. However, that doesn’t mean there isn’t any opportunity in this field.
I believe blockchain is currently at the same level as the internet was during the dot com crash. Most individuals will look back ten years from now and think, “I wish I had started a business in this industry.” Once this technology is widely used, it will be too late to develop something massive.
Even if you established a simple e-commerce website 15 years ago, you may easily be making millions of dollars today. But what kinds of businesses can you create with blockchain?
Let’s take the example of healthcare. One of the biggest problems in the healthcare industry is storing patient information. Doctors usually need your medical history to be able to diagnose your health accurately. But also, as patient health details, identity details, and the existence of fake medicines in the supply chain. If you use blockchain to store all that information, no one will have access to the patient medical history without the permission of the patient. Even if you end up visiting another doctor, in a different country, you can give that doctor access to your medical history.
Blockchain can also avoid fake drugs in the market since each drug could be safely tracked once it’s stored in the blockchain. It will make it easier and safer to trace the origins of any drug, store them safely, reduce the cost, and make the entire system more effective.
There are already a lot of startups in this industry, but it’s not widely used yet. Now is the best time to start a business in this field. Healthcare and financial industries are only 2 out of many industries where blockchain could be used.
You don’t need a lot of money in the beginning since most people don’t understand how the system works, spending some time just to understand how it works will already give you a competitive advantage over others.
3. Online Tutoring
For the last 20 years, everyone was talking about how worthless college degrees are, but most people didn’t care much. But after a global pandemic, no one wants to pay these astronomical tuition fees while getting educated online. Whether we like it or not, the process to move to online education has begun, and this trend is only going to grow this year.
But you know what the majority of people dislike about online education? You have no connection with the teacher. As a result, the technique is rather ineffective. It’s fantastic when you’re trying to reach a large number of people, but most people want to feel a personal connection, which is why online tutoring is on the rise.
It used to be a bit tough because the tutor had to come to your home, but now that online tutoring is becoming more popular, you may easily make a lot of money if you are skilled in one field.
Are you good at math? Chemistry? Science? Millions of parents will pay if you can help their children learn faster. It’s a little tough to develop this business until you create a platform or employ other instructors and start giving tutoring services on multiple subjects, but it’s a great choice if you don’t have a lot of resources.
4. Fitness and Wellness Blog
This is one of the businesses I’d like to establish, but I don’t have the time because I’m too busy running my other businesses. With the rise of a global epidemic. People are paying more attention to their health and following Instagram fitness and health bloggers.
Personally, I invest heavily in my health by working out at least three times per week, eating as healthily as possible, and jogging every morning. Maybe one day I’ll make fitness videos on YouTube to show you how I exercise.
This sector is growing so quickly that Apple has released specialised fitness apps with the name of Apple Fitness+. The Apple Fitness+ include:
- The first fitness service powered by Apple Watch.
- 11 workout types, including HIIT, Yoga, and Strength. And guided meditations.
- Stay motivated with real‑time metrics, like your heart rate, onscreen.
- New workouts every week, from 5 to 45 minutes.
- Walk or run with audio-guided experiences using just your watch.
When Apple enters an industry, it takes it seriously. You don’t have to spend years working out before you can enter into this profession.
Begin your fitness journey and share it with the rest of the world. Persons enjoy following people with whom they can identify. If you end up encouraging others to start exercising or caring for their health, they will be forever thankful and will watch anything you post. You can then monetise this large audience.
5. Trade in Amazon
Let me ask you a simple question. What is the purpose of any business? Sales! Right? Any business exists to sell a particular product or service. Some companies produce their products while others, like that corner shop beside your house, have a supplier. The job of the shop is to sell! In fact, the job of any business is just to sell. And Amazon is a platform where you can sell pretty much anything you want. In fact, you don’t even have to manage your inventory. It’s all taken care of by Amazon.
But how do I know what to sell on amazon? Have you ever heard of Alibaba? It’s like amazon but in China, most of the products are often sold for a fraction of what they usually cost in the United States. You can find there anything from gadgets to accessories to clothes to everything else.
Your job is to buy low (from Alibaba) and sell high (amazon). It’s not easy because you don’t know what is in demand, but after some market research, you can figure that out. That’s what every business does.
They study the market and try to come up with a product that is in demand. It’s time-consuming. You will have to spend an endless number of hours to find the right product at the right price. That’s how people make fortunes with amazon, it is not as easy as it was in the past since every single year, the competition gets stronger, but there are still plenty of opportunities.
All the businesses we discussed are practical. You don’t have to be a genius or have millions of dollars to start. But you need the discipline and dedication to push yourself every single day to make it happen.
Don’t try them all at the same time. You will fail, chose one of them and give it your best. Even if you have a full-time job, start by spending a few hours after your job. Once you grow the business to the point where it could pay the bills, you can decide to quit your job if you want and further grow the business.
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