What Type of Business Should I Start with Low Investment

What Type of Business Should I Start with Low Investment ? Getting into business with not a lot of money needs a smart approach. This part introduces the idea of how people can start a small business without spending too much. It talks about making smart decisions and having a clear plan to make the most of a small budget.

Understanding Low-Cost Business Ideas

Here, we break down the basics of businesses that don’t cost much. We look at what makes them affordable and what to think about when choosing a business that won’t break the bank.

20 Low-Cost Business Ideas along with a detailed explanation in tabular form:

  1. Freelance Writing Services
Investment AmountMinimal – for a computer, internet, and basic software
Basic RequirementsWriting skills, a computer, internet connection
ProfitVaries; can start earning immediately
LossTime-consuming, inconsistent income
ProsFlexibility, low startup costs
ConsIncome fluctuations, competition
  • Online Tutoring Services
Investment AmountLow – materials, possibly a website
Basic RequirementsExpertise in a subject, teaching materials
ProfitSteady income potential
LossTime zone constraints, initial marketing efforts
ProsFlexible hours, high demand
ConsRequires discipline, market saturation in some areas
  • Virtual Assistance Services
Investment AmountMinimal – computer, phone, software
Basic RequirementsOrganizational skills, communication skills
ProfitStable income, potential for growth
LossHigh competition, initial marketing efforts
ProsFlexibility, in-demand skills
ConsPotential for long hours, time management challenges
  • Handmade Craft Sales
Investment AmountLow to Moderate – materials, possibly a small workspace
Basic RequirementsCrafting skills, materials
ProfitDepends on the product and market
LossVariable based on market demand
ProsCreative outlet, potential for unique products
ConsTime-consuming, market competition
  • Social Media Management
Investment AmountLow – software subscriptions, marketing costs
Basic RequirementsSocial media expertise, communication skills
ProfitRecurring income, scalable business
LossInitial marketing efforts, staying updated with trends
ProsIn-demand skill, potential for remote work
ConsClient dependency, high competition
  • Content Creation Services
Investment AmountLow – equipment, software
Basic RequirementsCreative skills, equipment for content creation
ProfitAd revenue, sponsorships, product promotions
LossTime-intensive, requires consistent content
ProsCreative outlet, potential for passive income
ConsInitial struggle for audience, evolving trends
  • Mobile Car Wash Business
Investment AmountLow to Moderate – cleaning supplies, portable equipment
Basic RequirementsCleaning skills, transportation
ProfitScalable, repeat customers
LossWeather-dependent, physical demands
ProsLow overhead costs, flexible schedule
ConsSeasonal challenges, competition
  • Affiliate Marketing Website
Investment AmountLow to Moderate – website hosting, marketing
Basic RequirementsBasic knowledge of digital marketing, website creation
ProfitPassive income through commissions
LossTime to build traffic, dependence on affiliate programs
ProsScalable, potential for passive income
ConsInitial investment, competitive market
  • Catering Services
Investment AmountModerate – kitchen equipment, licenses
Basic RequirementsCulinary skills, catering supplies
ProfitEvent-based income, repeat business
LossSeasonal demand, competition
ProsCreative expression, potential for growth
ConsRegulatory challenges, initial investment
  1. Dropshipping Business
Investment AmountLow – website, marketing
Basic RequirementsE-commerce knowledge, supplier partnerships
ProfitLow overhead, scalable business
LossDependence on suppliers, competition
ProsLow-risk, no inventory costs
ConsLimited control over inventory, profit margins
  1. Fitness Training Services (Online or Local)
Investment AmountLow to Moderate – fitness certifications, equipment
Basic RequirementsFitness expertise, equipment
ProfitScalable, potential for online training
LossSeasonal demand, marketing efforts
ProsPassion-driven, diverse clientele
ConsCompetitive market, client commitment challenges
  1. Resume Writing and Career Counseling
Investment AmountLow – software, marketing
Basic RequirementsWriting skills, career counseling knowledge
ProfitRecurring income, in-demand services
LossMarketing efforts, dependence on job market
ProsRemote work, potential for passive income
ConsSeasonal demand, client dependence
  1. Property Management Services
Investment AmountLow to Moderate – marketing, software
Basic RequirementsReal estate knowledge, communication skills
ProfitRecurring income, scalable
LossLegal complexities, client management
ProsPassive income potential, property appreciation
ConsLegal responsibilities, competitive market
  1. Graphic Design Services
Investment AmountLow – design software, marketing
Basic RequirementsGraphic design skills, creative software
ProfitScalable, potential for remote work
LossHigh competition, marketing efforts
ProsCreative outlet, in-demand skill
ConsClient dependence, evolving trends
  1. Personal Shopping Services
Investment AmountLow – transportation, marketing
Basic RequirementsFashion sense, communication skills
ProfitService-based income, repeat customers
LossTime-consuming, dependent on fashion trends
ProsFlexibility, personalized service
ConsClient availability, competition
  1. Digital Marketing Consultancy
Investment AmountLow to Moderate – marketing, software
Basic RequirementsDigital marketing knowledge, communication skills
ProfitScalable, diverse clientele
LossEvolving trends, client acquisition
ProsHigh demand, potential for remote work
ConsCompetitive market, continuous learning
  1. Photography Services
Investment AmountModerate – camera equipment, marketing
Basic RequirementsPhotography skills, equipment
ProfitService-based income, potential for product sales
LossInitial investment, seasonal demand
ProsCreative outlet, diverse projects
ConsCompetitive market, equipment maintenance
  1. Language Translation Services
Investment AmountLow – language certifications, marketing
Basic RequirementsProficiency in multiple languages, communication skills
ProfitService-based income, potential for remote work
LossMarket saturation, language fluctuations
ProsIn-demand skill, flexible schedule
ConsCompetitive market, language expertise required
  1. Event Planning Services
Investment AmountModerate – marketing, licenses
Basic RequirementsOrganizational skills, creativity
ProfitService-based income, potential for growth
LossSeasonal demand, client dependence
ProsCreative outlet, diverse projects
ConsHigh competition, stress during peak seasons
  • Digital Art and Printables
Investment AmountLow – design software, marketing
Basic RequirementsArtistic skills, creative software
ProfitPassive income through online sales
LossBuilding a customer base, evolving trends
ProsCreative outlet, potential for passive income
ConsMarket saturation, continuous content creation

Important Points:

  • The provided investment amounts are rough estimates and can vary based on location, scale, and individual choices.
  • Profit and loss are subject to various factors, including market conditions, effort invested, and business management.
  • Pros and cons are general considerations and may vary for each individual depending on their circumstances and execution of the business.

Always conduct thorough research and consider seeking professional advice before starting any business.

Finding Your Passion and Skills

Success in business often comes from doing what you love and are good at. This part explains how to connect your interests with business ideas and use your skills to be successful.

Government Grants for Startup Businesses, including eligibility criteria and required documents:

Government GrantEligibility CriteriaDocuments RequiredWho Are EligibleEligibility Criteria Details
Small Business Innovation Research (SBIR) Grants– U.S.-based small businesses Must engage in federal R&D with potential for commercialization– Business registration documents Proof of U.S. citizenshipSmall businesses in the United StatesBusinesses engaged in R&D with a focus on innovation and commercialization.
Canada Small Business Financing Program– Canadian for-profit businesses Gross annual revenues of $10 million or less– Business plan Financial statements Proof of Canadian citizenshipCanadian for-profit businessesBusinesses with gross annual revenues of $10 million or less, seeking financing for eligible assets.
UK Start Up Loans– UK-based businesses Business owners aged 18 or older– Business plan Personal identification documentsUK-based businessesEntrepreneurs aged 18 or older looking to start or grow a business in the UK.
Australian Business Growth Fund– Australian small and medium-sized enterprises (SMEs)– Business financials Business plan KYC documentsAustralian SMEsSMEs in Australia looking for equity funding to support growth initiatives.
Startup India Seed Fund Scheme– Indian startups Recognized by DPIIT Less than 7 years old– Business plan Certificate of recognition from DPIITIndian startupsStartups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and less than 7 years old.
Singapore Enterprise Development Grant (EDG)– Registered and operating in Singapore Financially viable – Must not have more than S$100 million in turnover– Business profile Financial statements KYC documentsSingapore-based companiesSingapore-registered companies looking to upgrade capabilities, innovate, or expand overseas.

Important Points:

  • Eligibility criteria may vary based on the specific details of each grant program.
  • Required documents may include business plans, financial statements, and proof of citizenship or business registration.
  • KYC (Know Your Customer) documents typically include government-issued identification for individuals and relevant business registration documents.
  • Eligibility criteria details provide additional context on the types of businesses each grant is intended to support.

It’s crucial to thoroughly review the specific eligibility criteria and documentation requirements for each grant program, as they can change over time and may have specific conditions that need to be met. Additionally, applicants should check with the relevant government agencies or organizations administering the grants for the most up-to-date information.

Governments around the world often provide various training programs to support individuals, businesses, and communities in acquiring new skills, improving existing ones, and staying competitive in the ever-changing job market. These training initiatives are designed to enhance workforce capabilities, stimulate economic growth, and address specific needs within different sectors. Here’s an explanation of how governments provide training:

  1. Vocational Training Programs:
    1. Objective: Governments often invest in vocational training programs to equip individuals with practical skills needed in specific industries.
    1. Delivery: These programs may be offered through vocational schools, community colleges, or specialized training centers. Online platforms and partnerships with private training providers are also common.
    1. Target Audience: Individuals seeking hands-on skills for specific trades or professions.
  2. Job Training and Employment Assistance:
    1. Objective: To help unemployed or underemployed individuals gain the skills necessary to secure employment.
    1. Delivery: Government-funded job training programs may include workshops, seminars, and courses that focus on resume building, interview skills, and job search strategies.
    1. Target Audience: Unemployed or underemployed individuals seeking to enhance their employability.
  3. Apprenticeship Programs:
    1. Objective: Facilitate on-the-job training for individuals entering skilled trades or professions.
    1. Delivery: Apprentices work under the guidance of experienced professionals while receiving theoretical training. Governments often subsidize apprentice wages and provide incentives for employers to participate.
    1. Target Audience: Individuals interested in acquiring practical skills through hands-on experience.
  4. Technology and Digital Skills Training:
    1. Objective: Address the growing demand for digital literacy and technological skills.
    1. Delivery: Government initiatives may include online courses, workshops, and partnerships with technology-focused organizations. Training may cover areas such as coding, data analysis, and digital marketing.
    1. Target Audience: Individuals seeking to improve their digital literacy or transition to careers in the technology sector.
  5. Entrepreneurship Training:
    1. Objective: Support aspiring entrepreneurs in starting and managing their businesses.
    1. Delivery: Training programs may cover business planning, financial management, marketing, and legal aspects of entrepreneurship. Incubators and business development centers often collaborate with government agencies to provide support.
    1. Target Audience: Individuals interested in launching and managing their own businesses.
  6. Continuing Education and Lifelong Learning:
    1. Objective: Encourage ongoing learning and skill development throughout individuals’ careers.
    1. Delivery: Government-supported programs may offer subsidies for adult education courses, workshops, or certifications. Online platforms and community education centers are common delivery channels.
    1. Target Audience: Working professionals looking to upgrade skills or transition to new careers.
  7. Industry-Specific Training Initiatives:
    1. Objective: Address skill gaps in key industries to drive economic growth.
    1. Delivery: Governments may collaborate with industry associations, educational institutions, and employers to develop and deliver specialized training programs.
    1. Target Audience: Individuals seeking to enter or advance within specific industries identified as critical for economic development.
  8. Language and Soft Skills Training:
    1. Objective: Enhance communication, teamwork, and interpersonal skills.
    1. Delivery: Language and soft skills training may be offered through community centers, language schools, or online platforms. Programs may target immigrants, refugees, or individuals seeking to improve their communication skills.
    1. Target Audience: Individuals looking to improve language proficiency or soft skills for personal and professional development.

Governments typically implement these training programs through collaboration with educational institutions, industry partners, non-profit organizations, and private training providers. The goal is to create a skilled and adaptable workforce that can contribute to economic development and innovation.

Government grants and programs for women entrepreneurs looking to start a new business

CountryGovernment Program for Women EntrepreneursEligibilityDocuments RequiredDetails
United StatesSmall Business Administration (SBA) Women-Owned Small Business (WOSB) ProgramWomen-owned businesses eligible for WOSB or Economically Disadvantaged WOSB certification.Business documentation, WOSB certification.Reserved contracting opportunities for WOSBs in federal procurement.
CanadaWomen Entrepreneurship Strategy (WES)Canadian women entrepreneurs.Business plan, proof of Canadian citizenship, WES application.Offers funding, resources, and support for women entrepreneurs across Canada.
United KingdomUK Government’s Women in Innovation AwardsWomen innovators and entrepreneurs in the UK.Innovation-focused business plan, personal identification documents.Grants for women leading innovative businesses, fostering technological advancements.
AustraliaBoosting Female Founders InitiativeFemale founders of startup businesses in Australia.Business plan, financial statements, Australian business registration.Aims to support female entrepreneurs with funding and mentorship.
IndiaMahila Udyam Nidhi SchemeIndian women entrepreneurs.KYC documents, business plan, loan application.Provides financial assistance to women entrepreneurs for new projects.
SingaporeSPRING Singapore’s Capability Development Grant for Women EntrepreneursSingapore-based women entrepreneurs.Business profile, financial statements, project proposal.Supports capability development and internationalization of women-led businesses in Singapore.
Global (Including India)Women Entrepreneurship Platform (WEP)Women-led startups globally, with a focus on India.Business plan, KYC documents, proof of women entrepreneurship.A global initiative supporting and promoting women entrepreneurs, providing resources, mentorship, and funding opportunities.

Important Notes:

  • Eligibility criteria and documentation requirements may vary for each program.
  • These initiatives aim to empower and support women entrepreneurs in launching and growing their businesses.
  • Women entrepreneurs are encouraged to check specific program guidelines and consult relevant authorities for the latest details.

As programs and criteria may change, it’s advisable for women entrepreneurs to refer to the respective government agencies or organizations administering these programs for the most up-to-date information.

Country-wise Government Subsidy Plans for New Startups

CountryGovernment Subsidy ProgramEligibilityDocuments RequiredDetails
United StatesSmall Business Administration (SBA) ProgramsRegistered startups meeting SBA criteria.Business registration documents, SBA application.Various programs offering loans and grants to support startups and small businesses.
CanadaCanada Small Business Financing ProgramCanadian for-profit businesses with limited revenues.Business plan, financial statements, proof of Canadian citizenship.Provides financing for eligible assets, encouraging small business growth.
United KingdomStartup LoansUK-based businesses, founders aged 18 or older.Business plan, personal identification documents.Offers low-interest loans to individuals starting or growing businesses in the UK.
AustraliaBusiness Growth FundAustralian small and medium-sized enterprises (SMEs).Business financials, business plan, KYC documents.Aims to provide equity funding for SMEs to support their growth initiatives.
IndiaStartup India Seed Fund SchemeRecognized Indian startups, less than 7 years old.Business plan, certificate of recognition from DPIIT.Supports startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
SingaporeEnterprise Development Grant (EDG)Singapore-based companies with specific turnover criteria.Business profile, financial statements, KYC documents.A grant to help companies upgrade capabilities, innovate, and expand globally.

Important Notes:

  • Each country’s subsidy program has distinct eligibility criteria and documentation requirements.
  • The programs aim to stimulate economic growth, foster innovation, and support entrepreneurs in various sectors.
  • Individuals seeking startup support should refer to specific government guidelines and consult relevant agencies for up-to-date and accurate information.

Please verify with the respective government agencies or financial institutions for the most current details, as subsidy programs and criteria may undergo changes.

Conclusion: Starting Small with Big Dreams

Governments globally are actively promoting women’s entrepreneurship by implementing specialized grants and programs. These initiatives aim to empower and support women in establishing and growing their businesses, recognizing the significant contributions of women to the economic landscape. In the United States, the Small Business Administration’s Women-Owned Small Business Program reserves federal contracting opportunities for women-owned businesses. Canada’s Women Entrepreneurship Strategy provides funding and resources to Canadian women entrepreneurs. The UK Government’s Women in Innovation Awards focuses on supporting innovative businesses led by women. Australia’s Boosting Female Founders Initiative offers funding and mentorship for female founders. India’s Mahila Udyam Nidhi Scheme provides financial assistance to women entrepreneurs. In Singapore, SPRING Singapore’s Capability Development Grant aids women-led businesses. The global Women Entrepreneurship Platform (WEP) offers a comprehensive approach, supporting women-led startups globally, with a special emphasis on India. These initiatives collectively work towards creating an inclusive entrepreneurial landscape and fostering gender equality in business.


The information provided is for general informational purposes only and should not be considered as professional advice. Users are encouraged to seek appropriate guidance and verify details from relevant sources before making any decisions.

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