Welcome to this post on Business Ideas With Low Investment in 2021!
When it comes to starting a business as a student, most people don’t have large amounts of money to throw at their new business.
Even if you did have the money available, it’s not smart to risk money at this age. You should save your money for other expenses like a car, college, and eventually, a house.
You’re better off starting a business with a low investment cost if you’re a student.
Starting a Business
Many people dream of starting their own business, but only a few are willing to put in the work.
It sounds nice to be your own boss, determine your own schedule, and be able to infinitely scale your profits.
What people don’t often tell you is that hard work that comes with starting your business.
Business owners are some of the hardest working people in the world.
To be a successful business person you have to be smart, motivated, and able to solve problems.
It’s easy to think about starting a business, but a lot harder to actually get it started.
Even once you start, you’re likely to fail.
And when you don’t see immediate success, you’re likely to quit.
When you look at successful business owners, you see all of their fame and glory.
But, what you don’t see is the years of hard work they put in even when they had nothing to show for it.
If you want to start a business, go for it! But please know, it’s a lot of hard work!
Check out 8 Businesses That Make You Money While You Sleep!
What Does Low Investment Mean?
Low investment means spending a low amount of money on starting a business.
Any business you start is going to have start-up costs. The amount that you have to spend to start the business is the investment that you make.
It’s wise to start a business with a low investment when you’re unfamiliar with all the aspects of that business.
It’s also smart to start a business with a low investment when you are trying to save more money.
Tutoring
If you’re a good student, you could easily start a tutoring business. There are so many kids out there who need help on a variety of subjects.
Once you find your clients, you can meet a few hours a week and get paid good money! Most tutors get paid $20-$30 an hour depending on their experience.
If you got good at it and got a good client base, you could easily bring in hundreds of dollars every week.
Start-Up Costs
Business Cards: $10-$50, Business Cards are great for networking and establishing a reputation for yourself.
Advertising: $10-$20, You’ll need to get the word out in your area so you’ll need some flyers to advertise your services.
YouTube
YouTube is growing in popularity, which may become a prosperous business for you.
There are thousands of YouTube channels out there on every topic you could imagine. Find a topic you enjoy and start a YouTube channel.
Once you have a successful channel generating a decent number of views, monetize it.
There are many different ways to monetize a YouTube channel, including advertisements, sponsors, affiliate programs, and crowdfunding.
Start-Up Costs
Computer: $200-$500, You’ll need a computer to edit and upload your videos.
Camera: $100-$200, Depending on the type of videos you are making, you will need a camera to record them.
Microphone: $50-$100, You’ll also want some sort of microphone to get great audio.
Other Equipment: >$100, Cords, adapters, hard drives, software, etc.
Blogging
If you have a passion for something and like to write about it, blogging can be a great business for you to start with a low investment.
It’s easy to monetize a blog with advertisements and with affiliate programs.
All you have to do is create a website and start writing!
Of course, you’ll have to learn how to bring traffic to your blog, but if you get good at it, you’ll be generating passive income in no time.
Start-Up Costs
Computer: $200-$500, You’ll need a computer to create and work on your blog.
Website Hosting: $10-$100, Find a service to host your website for you.
Domain: $10-$20, You have to purchase a domain to create your website.
Podcast
Maybe you don’t want to write about your passion or make videos about it, but you could start a podcast!
Podcasts are increasing in popularity as people enjoy listening to something more than reading about it now.
They’re also good for when people are at the gym, in the car, or don’t want to haul a book around with them.
You get the point, people like podcasts, which makes starting one a great business idea.
Start-Up Costs
Computer: $200-$500, You’ll need a computer to edit and upload your podcast episodes.
Microphone: $50-$100, You’ll need a microphone to record your audio.
Other Equipment: >$100, Cords, adapters, hard drives, software, etc.
Babysitting
If you are good with kids, you could start a babysitting business.
If you do this, it’ll be important to separate yourself from the other babysitters out there.
Go above and beyond with your professionalism, spending quality time with the kids, and clean the house a little bit.
Pretty soon, you’ll have clients begging for you to come back and you’ll have a successful business started.
Start-Up Costs
Advertising: $10-$20, You’ll need to get the word out in your area so you’ll need some flyers to advertise your services.
House sitting
When people go out of town, they pay big money to have someone look after their house.
This usually involves taking care of pets, watering plants, collecting the mail, etc.
If you established a good client base, you could make a lot of money from pretty easy work.
If you do a good job, you could get recurring clients who keep coming to you each time they travel.
Start-Up Costs
Advertising: $10-$20, You’ll need to get the word out in your area so you’ll need some flyers to advertise your services.
Landscaping
Landscaping can be a great business to get into if you have the right equipment.
You could mow lawns, shovel snow, rake leaves, and do other general landscaping services.
This is a great business to start because there will always be a need for landscaping.
If you play your cards right, soon you’ll even have employees working for you.
Start-Up Costs
Lawn Mower: $100-$300, If you don’t have a lawnmower, you’ll need to purchase one.
Other Equipment: >$100, Rake, snow shovel, trash bags, etc.
Advertising: $10-$20, You’ll need to get the word out in your area so you’ll need some flyers to advertise your services.
Dog Walking
Do you like dogs? Did you know you could actually make some good money from walking dogs?
Lots of people are busy during the day and are unable to walk their dogs.
You could charge anywhere from $20-$40 an hour!
If you can walk multiple dogs at a time, you can be making more than $100 an hour!
You’ll just have to find clients who are in need of this service.
Start-Up Costs
Advertising: $10-$20, You’ll need to get the word out in your area so you’ll need some flyers to advertise your services.
Virtual Assisting
Did you know you could work from home doing virtual assistant work?
Many companies are in need of data entry, customer service representatives, and marketing experts.
The work may not always be fun, but it pays decent money and allows you to work from home on a flexible schedule.
If you’re looking for something more flexible and are good with this type of work, a virtual assisting business could be perfect for you!
Start-Up Costs
Computer: $200-$500, You’ll need a computer to do your work.
Advertising: >$100, You will need to do some online advertising to find clients willing to hire you.
Social Media Management
If you’re good with social media, you could get paid to use it!
Thousands of companies need help managing their social media.
If you can demonstrate that you have skills in this area, you can start working with clients managing their social medias.
Start-Up Costs
Advertising: >$100, You will need to do some online advertising to find clients willing to hire you.
Graphic Design
If there’s an artsy side to yourself, you could always think about starting a graphic design business.
You can design logos, images, charts, etc.
People are always in need of new designs to add uniqueness to their companies.
If you have skills in graphic design, this could be a great business opportunity for you.
Start-Up Costs
Computer: $200-$500, You’ll need a computer to do your work.
Advertising: >$100, You will need to do some online advertising to find clients willing to hire you.
Website Design
Have you ever created a website before? If you have, you know it’s not always easy.
If you managed to successfully create a website, you now have skills that many others are looking for.
Many businesses need someone to create a website for them.
Starting a website design business could pay you some great money if you got good at it!
Start-Up Costs
Computer: $200-$500, You’ll need a computer to do your work.
Advertising: >$100, You will need to do some online advertising to find clients willing to hire you.
Need more ideas? Here’s 50 more!
Also, be sure to check out the book: 47 Profitable Small Business Ideas You Can Start With $1000 Or Less: The Ultimate Guide to Starting Your Own Business and Making Six Figures (or More) in Your First Year With Just $1000 or Less.
The Takeaway
If you’re looking to create a business with a low investment cost, there are plenty of options out there.
The important thing to do is plan.
Make sure you have a good idea of what you are doing and how much you will need to spend to start your business.
If you can do that, you’ll be a successful business owner in no time. Best of luck!