Unique Business Ideas to Try Out with Little to No Investment This Year
Last updated on August 3rd, 2022
Whether you’re looking to start a new business full-time or as a side hustle with your existing job or business for some extra cash, it can be quite overwhelming to decide what to pursue. The abundance of opportunities nowadays makes it difficult to decide what is best for you and where you should invest your money, most importantly your time, which cannot be recovered once lost.
Therefore, we have compiled a list of unique business ideas to try out with little to no investment this year. You can read on to find out more about each of the business ideas and their sub-niches to determine which one is best for you, one that aligns with your goals in life, and find out which idea you particularly find interesting and enjoyable.
1. Freelance Business Ideas
Freelancing has its perks of being able to set a flexible schedule, work on your own time, and work as much as you like to earn according to your targets. But it can also be quite overwhelming to keep yourself accountable for your goals and act as your own boss to get the work done.
If you are self-motivated and believe that you can work your way across the hurdles of freelancing and enjoy its flexible nature, then freelancing could be the right business for you.
A. Freelance Writing Service
If you love writing, then a freelance writing service is a great option for you. From blog articles, video scripts, ebooks, and social media content, to business plans, presentations, and research papers, you can get clients in any category you like and earn money from writing. With the help of AI writing tools, writers can speed up their creative writing process and save time, which in the end translates into higher income.
B. Freelance Web Design and Development Service
Web design and development is a high-demand skill that many people require in this digital age. If you love coding, you can develop websites, apps, games, and much more for your client’s business. If not, then you can pursue design services, where you can pitch design presentations for your clients to help their developers create the perfect website that aligns with the client’s business’s vision and mission.
C. Freelance Presentation Design Service
You can start a freelance presentation design service business and help businesses in need of professional presentations for pitching their ideas to investors, clients, and project managers. To help save time, you can rely on the pre-made free presentation templates or if you want to have a better arsenal of graphics ready for your business presentations, you can subscribe to SlideModel and get access to thousands of presentation graphics, infographic slides and illustrations for your presentations.
D. Freelance Social Media Marketing
Social media marketing is an in-demand skill that you can pursue as a freelancer and help clients build their social media presence.
E. Freelance Virtual Assistance
Freelance virtual assistance includes everything from managing client relationships, to making sure your client’s schedule is up to date. You can offer freelance virtual assistance services and work for people who need a second hand to manage their daily schedules, work tasks, and miscellaneous activities.
2. Home-Based Business Ideas
Home-based businesses are easier than ever to set up thanks to online LLC formation services.
If you’re good with kids, then you can try your hand at a daycare business. Busy parents always need their kids’ taken care of by someone there can trust. The business is easy to start and requires no investment. However, to start a daycare business at home, you would require a permit, so you will need to check your local state regulations before opening your daycare.
If you love to cook delicious food, you can start your catering business from home and start taking orders. You just need to invest in some cooking tools, ingredients, and partner with a delivery service to get started. Before initiating, make sure to check your local laws on food handling and check if you require any certification to start a food delivery business. Combining your catering services with a strong online presence in Instagram, TikTok and Google Business Profile, you can increase your orders and make your business grow.
Are you good at explaining maths? Know how to teach kids their lessons so they can excel at school? Then you can start a home tutoring business. You can start teaching physically as well as online with the help of online tutoring platforms. An example of this is Tutorme which helps students reach out to tutors for help on their homework.
If you’re skilled at hand-made crafts, you can start a hand-made crafts business from home. You can set up a website online to sell your creations, take advantage of an online Creators platform for artists and designers, or physically set up shop and let your customers know you’re in for business. Home-based businesses thrive on word-of-mouth, but you can also use social media to publicize your business and generate sales.
3. E-Commerce Business Ideas
Ecommerce is on the rise, especially after the Covid-19 pandemic, people have switched to buying online rather than going to malls to shop. Whether it is clothes, accessories, gadgets, electronics, and others, people are buying almost everything online. You can benefit from this by launching your own eCommerce business,
Dropshipping in simple words is when a customer buys from you, you forward the order to the supplier to deliver it directly to the customer. You keep the markup and pay the cost of the goods to the supplier and delivery fees. It is a feasible business where you act as a middle man, and help promote products, take orders, and forward them to the supplier once received. In recent times, many businesses have taken advantage of FBA. As we will see later, Fulfillment by Amazon (FBA) is a program offered by Amazon that providers similar benefits to dropshipping while giving you control over your brand experience.
B. Private Label Brand
A private label brand is when you trademark a supplier’s product, add branding to it and sell it as your own product. You can get the product from a third-party supplier and sell it under your own brand name. From branded packaging to logo stickers, you can add anything to make it your own and sell it online.
Another low-investment business is print-on-demand. If you’re into digital art, graphic design, and illustrations, you can design t-shirts, mugs, smartphone covers, and other accessories, and sell them online on a print-on-demand platform like Redbubble or Zazzle, or on your own website using Printful or Printify.
D. Amazon FBA
Amazon FBA is a service provided by Amazon where you can ship your products to Amazon’s assigned warehouse and they take care of order fulfillment, shipment, order tracking, and payments. It is a hands-free eCommerce business, where you just source the products list them on Amazon, and let Amazon take care of the rest. As mentioned earlier, it can be a good alternative to setting up a dropshipping business.
4. Youtube Channels Ideas
Next up are Youtube channels, where you can monetize your videos after reaching a certain subscriber and view count. From sponsored ads to Google Ads monetization, you can make money off of your YouTube channel in several ways:
Podcasting is a great way to talk about any topic with your audience. Many YouTubers publish episodes regularly for their subscribers to keep them engaged. Podcasters commonly earn through their channels by selling sponsorship spaces, running ads, and advertising.
B. Affiliate Marketing
YouTube channels also create content for earning affiliate income. They review products sent by their affiliated partners, as well as products they find interesting to show to their audience. Affiliate income is generated as the viewers purchase through the creator’s specific link, or by using their referral code.
Vlogging is another great way to generate revenue. Vloggers create content around their life or business to show their viewers a glimpse into their daily life. You can create video presentations for creating vlog content as well.
D. Online Courses
You can also create online courses for people who aspire to learn different skills on Youtube. The content can also be made available on online course platforms such as Udemy or Skillshare to earn per enrollment. Using PowerPoint presentation templates, trainers can explain different concepts and train people how to perform tasks step by step.
Youtubers also create content for entertainment purposes, including comedy skits, drama clips, animated shorts, creative stories, as well as stand-up comedy videos. They generate income through ads and sponsorships.
5. Service Business Ideas
Other service business ideas include>
A. Personal Trainer
As a personal trainer, you can offer in-house consultations, personalized diet, and nutrition plans, exercise routines, and offer community boot camps online and physically to grow your business. With the help of social media, you can get the word out and provide online personal training consultations. You can also create a Diet & Nutrition PPT template or PowerPoint presentations to explain your diet and exercise plans to your clients, and how they can stay fit.
B. Event Planner
Event planners are responsible for planning, designing, and decorating any event, whether it is a birthday party, a wedding, a holiday-themed celebration, or any other event. So, if you like to organize, plan and host events, an event planning service could be the right choice for you.
If you have a knack for taking good pictures, then you can start your photography business. You just need your contact info and portfolio ready to show potential clients, whether you decide to market your service online or via word of mouth. Start volunteering at community events and hand out your business card and you can get clients in no time. You can also create presentations to showcase your photography portfolio.
D. Personal Shopper
If you’re into fashion, you can turn your shopaholic side into a successful business by helping others shop for their clothes. People are too busy with their businesses and jobs that they don’t even have time to shop for themselves and their loved ones. As a personal shopper, you can showcase your fashion sense through PowerPoint presentations.
E. Interior Designer
You can also work as an interior designer if you know how to accommodate the right type of furniture for the right-sized room, match color themes, and find quality decoration pieces to compliment the whole home design. Using presentations, you can present the ideas you have to your clients and offer room designing services, as well as packaged services of whole-house makeovers for people that need a total revamp of their homes.
Starting a business these days has become quite easy, but the challenge is to keep going at it and see it thrive. Most people dive into one thing then give up too soon and start another.
You need to be consistent and focus on one thing so it grows into a business and you can start seeing profits.
We hope this article helps you decide what business is right for you. There are plenty of opportunities to earn, but time is of the essence here so make sure to choose wisely.