3 Business You Can Start With a Small Investment

3 Business You Can Start With a Small Investment

It’s everyone’s dream to own their own business. It gives you some a feeling of independence and control, and has the potential to give us the financial security that we so crave. The problem is that in most cases you can’t become an entrepreneur without a significant amount of start-up cash. If you’re not certain that your business will succeed, then borrowing huge amounts of money isn’t a great idea either.

However, there are plenty of businesses that you can start with a small investment. In this article we’re going to be looking at 3 that we highly recommend you look into:

Sell Used Books

Amazon started off as an online second-hand bookstore. Now it’s one of the biggest companies in the world, operating in a number of different industries. Here’s what you will need to start a small online used books store:

  • A good website – there are plenty of website platforms that allow you to create highly functional ones by yourself.
  • A bit of cash to buy used books – you can either look in your local book stores, friends and family, your own collection or shop online.
  • A marketing plan – people can buy used books from other online stores? You have to distinguish yourself from the rest.

You don’t need to compete with the likes of Amazon. Your selling point could be your intimate customer service, where you personally communicate with them and either make recommendations or help track a rare book.

Open a Drop-Shipping Store

Did you know that you could start a business with just $100? A drop-shipping store is one where you take orders for products from customers and then forward these to suppliers. The suppliers then ship these products directly to customers. This way, you don’t have to spend any money at all on inventory. Of course you have to quote a higher price to customers in order to gain a profit.

Here’s what you need to start a small drop-shipping store:

  • A good ecommerce platform – we strongly recommend magento because it has all the front-end and back-end features you’ll ever need to run a drop-shipping venture. If you want to learn more about the platform, you should contact your local magento agency.
  • Cash to pay for the first orders – you’ll need to pay the suppliers for the first few orders until the transactions from your clients clear. A credit card in good-standing should do just as fine.
  • A marketing plan – there are thousands of drop-shipping stores out there? What makes yours different?

A Pet-Sitting Service

With some clever marketing, a pet-sitting service has the potential to earn you a lot of money. Especially since people care a lot about their pets and will pay a premium to have them well-taken care of.

Here’s what you need to start a pet-sitting service:

  • Some experience in pet care – pet owners will likely interview you before they decide to entrust their pet over to you.
  • A website – this increases your legitimacy.
  • A marketing plan – you should start by advertising on public places and local forums.

And that’s 3 great businesses that you can start with a small investment!