Saturday 4 April 2020

Low Investment Business Ideas


(3) Three low investment Business Ideas




Partner with a Drop-shipper:

Buy stock and store it, pick it, pack it, ship it. Managing inventory can be a big commitment when you are running a business in a good shape. Drop-shipping is a fulfillment model where a third party supplier stores and ships inventory to customers on your behalf and you just need to make the sales and pass orders on to your supplier, you dont have to handle the products yourself.


You can curate products from one or more suppliers into your own online store under a theme that focuses on a specific niche. Like, gear for yoga enthusiasts or water bowls for dog owners and when a customer buys a product from you then, order is sent to your supplier who fulfills it on your behalf. However, you are still responsible for your own marketing and customer service.




Design & sell print on demand T shirts:

Another drop shipping model is print on demand puts inventory and shipping, and fulfillment in the hands of a third party supplier. Unlike the drop shipping idea above that the focus here is on customizing these products with your own designs to create something original.

T shirts, hats, phone cases and hoodies, skirts, tote bags and more become canvases for your creativity. So, you can think up witty slogans for developers or references that resonate with cat owners, if there is passion and pride within a community then, there is a potential T shirt business you can start.

Even if you are not a designer, you can find a designer to work with using freelance sites like Fiverr, Up-work, Dribble, and 99Designs.


Sell a service:

With services based businesses time is your inventory and your biggest investment is that you have only got a limited supply of hours in your day. However, that makes it easier to get up and running if you have got skills that are in demand.

Writers, designers & developers, photographers or house cleaners, fitness trainers, and more can build a business around their skills.

They can also expand their business with any of the other ideas above to create additional revenue streams by productizing their services through physical or digital goods.

A photographer or for example, can service a local event while selling prints online through their Instagram account. A copywriter can sell a copywriting swipe file of high converting sales copy, coupling your service based business with physical products can give you another source of income that is not directly tied to your time.




I hope these three components make you feel closer to the smart business ideas!


2 comments:

  1. For more news and updates regardings business ideas go ahead and visit my blog by i2bnotes.blogspot.com

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  2. Pakistan is a country with a vibrant and diverse business community. The entrepreneurial spirit of the Pakistani people is evident in the countless innovative and creative business ideas that are emerging across the country. Read more about business ideas in pakistan

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