Six Low-Investment Business Ideas You Can Start Today

Published on: 09 February 2018 Last Updated on: 19 August 2019

Although they may already have a traditional 9-to-5 job, many people today are slowly beginning to realize that in order to have financial security, and they need to have multiple sources of income. Because of it, many people are looking to give up their daily jobs in order to become self-sufficient and start their own businesses. Even if they prefer not to completely leave their job, the general population has already realized that with the economic strain on income generated these days, they will need to have more than one source of income.

Unfortunately, people are generally hesitant to do so and they might have a valid reason too. Starting your own business is not as easy as it sounds; in fact, successful entrepreneurs seem to think that if anything it is even harder than it used to be because of the many restraints present in today’s world. The main restraint being the amount of funding required in starting a business which, due to inflation, has gone up day by day. However, there still are many other options one can take to start a successful business which does not require a huge sum of money so here are 6 low investment business ideas that you can start today.

1. Offering services:

While every business idea does require at least little funding, offering services to people requires no funding cost at all. It is a great way to earn money if you are looking to avoid taking small business loans or any other loan although that might be beneficial for some people. There are many services you can perform that do not require funding and are easy to master too as described below.

Recruitment Services: Many local small or mid-scale businesses are interested in hiring suitable employees, and you could provide that service for them. It only requires you to build a database of potential employees and match them to the respective companies depending on what they’re looking for. If the person you recommended does get hired, they will pledge their first month’s salary or part of the salary to you, and in this way, you can earn money without investing a heavy amount of money.
Party Planning: Providing party planning services might be a hectic job, but it is a job that pays well. Many people will pay a good amount of money to avoid going through the hassle of party planning and this is where you can provide that service for them. It won’t require any of your investment, and you can easily make a profit off of it. Once you’re experienced enough, this can easily be turned into a full-time job and then you can look to further expand your business.

2. Online Freelancing:

In today’s modern world, almost every one of us has access to an internet connection and a computer, online freelancing is one of the best options, if not the best, you can still take it if you’re looking to avoid a major business investment. If you feel like you possess an IT skill that people are willing to pay for, online freelancing is the way to go. With various freelancing portals like Fiverr or freelancing.com already available to you, all you have to do is to invest in a decent computer and a fair internet connection (if you don’t already have one).

3. Marketing Services:

Businesses are always looking to expand their market reach and many local businesses in your area will be looking to do exactly that. That presents an opportunity for you as it is a service you can provide through either affiliate marketing or digital marketing, both of which require little to no investment at all. If you’re going the affiliate marketing route, the companies will provide you with their products that you’ll have to sell or the operations you have to advertise, so none of your investment is in play.

Similar is the case with digital marketing in which companies are always looking for digital marketers to be able to provide marketing copy that is search engine optimization (SEO) friendly and can transform websites visitors into actual customers. You can provide this service through the comfort of your home provided you have an internet connection and a computer.

4. Online Product Marketer/Seller:

Online product marketer or seller is somewhat similar to affiliate marketing with the only difference being that you’ll have to sell products directly to customers online. The only requirement from you will be to be familiar with the directory of the products of the company, and you won’t have to have any of your investment. The more products you’ll sell the higher you’ll earn as the earning is directly related to the commission made selling a product. Online market places like eBay and Alibaba have this option, and you can easily master it as it requires no real training.

5. Being a personal assistant:

woman

There are a lot of people who will pay a handsome salary to get all of their work organized and are looking for a personal assistant. Although this does require you to be available at times your employer demands so it may put a strain on your job; however, once you get around the timings, it is an easy to do a job that requires no investment and pays well. If you feel like this isn’t the job for you, then its alternative is available which is to become an online assistant.

6. Social media consultant:

With almost one billion people using popular social media today, businesses are looking to promote their products/service on social media. You can provide this service for them, and all you’ll have to do is to search for the right people/pages online and market the products to them. This is a risk-free business that required almost no investment since you can do this even from the comfort of your phone.

Read More :

1. Make Your Business Popular Online

2. Building A Brand For Your Small Business

3. Top 5 Types Of Startup Business Loans

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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6 Types of Equipment You Need in Your Warehouse

Focus on material handling if you want to concentrate on one idea to maximize warehouse efficiency, raise staff morale, and protect jobs all at the same time. There are a lot of moving parts in a factory. Quite literally. It's for this reason that sloppy material handling has far-reaching implications. It has an effect on production flow, employee safety, and employee morale, for better or worse. Understanding material handling systems and enforcing best practices, on the other hand, will dramatically increase the efficiency of your warehouse. In warehouses, assembly facilities, and distribution centers, material processing has a significant effect on productivity. An unreliable facility leads to mistakes and delays, eroding consumer satisfaction and making it easier for the competitors to steal your customers. Here are some tips to keep your warehouse running smoothly and efficiently. 1. Have a Command Center: Some warehouses can be a hodgepodge of conveyors, racking, and forklifts. To manage these moving parts, you will need to establish a command center. Having a central location or factory office will make it easy for managers and overseers to direct operations and will give workers a place to go to ask questions. This office can be located directly on the floor and should be enclosed to help block out the noise of the factory or warehouse floor. 2. Buy Forklifts: Any efficient warehouse dealing in a large volume of products, either big or small, will need at least one well-maintained forklift. Electric forklifts provide quiet, efficient, and exhaust-free service. You don't have to worry about the safety hazards of propane or gas when you have an electric forklift either. If your warehouse is tight on space, consider utilizing a stand-on forklift. Whichever you choose, make sure all employees are thoroughly trained on that specific machine. Also, you will need to keep detailed service and pre-use check logs for safety. 3. Create Storage Areas: You build storage units that are suitable for your warehouse in the same way that you choose storage units for various rooms in your home. The type, size, and position of your storage racks, bins, and shelves will be determined by the nature of your company. Let the warehouse room work for you rather than against you. Everything in your warehouse should be labeled for quality, communication, and protection. This also includes workspaces, safety risks, aisles, shelves, and products all need to be numbered. Forklifts, clearance heights, and capacity warnings, in particular, must include safety signs. 4. Use Automated Tools: Increasing the inventory of automated tools, such as those described in the engineering systems category improves material handling and performance. For example, if your company deals with a large number of products and has limited space, an automated storage and retrieval system (AS/RS) could be beneficial. This computer-controlled device stores and retrieves merchandise from pre-determined warehouse locations automatically. 5. Use Scanners: RFID scanners have a number of advantages over conventional barcode scanners. RFID scanners, unlike barcode scanners, do not require line-of-sight access, reducing the amount of material handling. Furthermore, RFID scanners can detect inventory from a distance of up to 40 feet for a fixed reader, 20 feet for a handheld reader, and over 100 feet for an active UHF RFID device. RFID scanners allow warehouses to collect more data about their activities, paving the way for more material handling improvements. 6. Implement a Warehouse Management System: A warehouse management system provides you with insight into your entire warehouse process. Although a WMS has numerous advantages, it is particularly useful in material handling because of the use of advance ship notices. When a warehouse receives an ASN, it is notified that shipments are on their way, allowing them to prepare ahead by scheduling workers and freeing up equipment. A warehouse can be a complex place with many moving parts. Having the right tools and equipment for your business can help keep your warehouse running smoothly and efficiently. Read Also: Best Essential Tips While Renting a Warehouse in Mumbai Best Uses for Stainless Steel in Construction Maintaining Productivity: The Basics of Industrial Safety

Who Is An Intrapreneur? Definition, Characteristics, Pros/Cons, More

Intrapreneurs and Entrepreneurs - they sound similar right? Yeah, they do, but their definition, meaning, and characteristics are totally different from one another. Here is what we know about entrepreneurship. Read the guide till the end to grab some rich insights. Who Is An Intrapreneur? Here is a concise definition. An intrapreneur is the one who is responsible for developing an innovative project or idea within an organization. He/she doesn’t face the outsized risks that an entrepreneur doesn’t. However, he possesses the major access to all the capabilities and resources of an established company. To be very specific, the intrapreneur gets the autonomy to work on projects having a considerable impact on organizational development. The term intrapreneur is an amalgamation of two words like “internal” and “entrepreneur.” In 1978, it was first coined by Elizabeth S. Pinchot and Gifford Pinchot II in a white paper. How Does Intrapreneurship Work? You are now well aware of what is an intrapreneur. They are the employees of an organization who are given the responsibilities of working on special ideas and projects. In addition, they are given the freedom and time to develop and grow the project that an entrepreneur would. Does this sound like they work solo? Well, not really because intrapreneurs have all the capabilities and resources of the firm at their disposal. Additionally, they have different objectives. While an entrepreneur envisions the creation of a company from level 0, the intrapreneur has a broader vision for an established entity. The visions mainly involve radical changes to company processes, products, or traditions. He applies his skills and experiences directly to implement them on the job. What Are The Characteristics Of A Good Intrapreneur I hope, by now the meaning is pretty clear to you? Now, Intrapreneurship has some roles and responsibilities which require some special characteristics. Below, I have listed some of the characteristics an efficient intrapreneur must possess. 1.They Are Passionate About Problem Solving Angels and Intrapreneurs will agree on this one. Focused intrapreneurs are the ones who are passionate about solving problems and set forth to resolve business-oriented issues. 2.They Are Curious, And Adaptable Enough When it’s the start of a business, the intrapreneur has to play roles in several sectors such as product management, engineering, and marketing. Hence, angels look for people who are curious, adaptable, and respond to learning and development. 3. They Are Transparent As an intrapreneur, the fastest and most efficient way to gain the confidence of your sponsors is by showing transparency. If any unwanted circumstance happens, then also, transparency needs to be maintained. 4. They Are Resilient Intrapreneurs starting a business simply have an idea which they have to work super hard to give a shape. That’s why they need to be highly resilient since it’s likely they would come across a plethora of obstacles throughout their journey. Pros And Cons Of Intrapreneurship Here is a critical analysis of Intrapreneurship I have explained through an evaluation of its pros and cons. Take a look at the table below: Pros Of IntrapreneurshipCons of IntrapreneurshipIt decreases the financial risk on the innovatorThe glory you enjoy is not for you only, it’s shared.Makes use of all the organizational talent and resourcesThere is high potential for conflicts with the other members.Increases the delivery of better services, products, or support.Returns are generally less in comparison to the entrepreneurs.Enlarges your reputation and develops your network.There are a myriad of risks pertaining to failureIt’s a stepping stone to entrepreneurshipYou will still have a boss monitoring you Companies Around The World Having Intrapreneurs Here are some leading tech giants around the world who support Intrapreneurship just like different types of entrepreneurs: GoogleMicrosoftShutterstockIntelFacebookAppleGeneral MotorsVirgin Frequently Asked Questions (FAQs): Q1. What Does Intrapreneur Mean? An Intrapreneur is an employee who is given the support and authority to create a new service or product. Unlike entrepreneurs, they have no concern about whether or not the product would become a revenue source for the company. Q2. What Is Intrapreneur Example? One of the greatest examples of Intrapreneurship is Dreamworks Animation. It’s a media behemoth that gave classic works like Madagascar and Kung Fu Panda. They also offer classes on script writing to the animators. Q3. What Are The Types Of Intrapreneurs? The 3 types of Intrapreneur are as follows:1. Advocate, coming from a customer-facing role 2. The creator coming from an internal-facing role3. The change maker coming from an external-business-facing role. Q4. What Is The Difference Between Intrapreneurs And Entrepreneurs? The main difference between Intrapreneur and Entrepreneur is that an entrepreneur is a ground-up-and-go person when it comes to their own money. On the other hand, an intrapreneur is someone who starts steaming from inside a large company. That’s all about Entrepreneur Vs Intrapreneur. The Bottom Line That’s all we had to say about Intrapreneurs. They are overlooked often in the realm of entrepreneurship. However, with the world-changing innovation coming up, established corporations are prioritizing them. Wanna learn how to become an intrapreneur and Intrapreneur Vs Entrepreneur in more detail? Then keep an eye out on our website as we will be coming up with a guide to that. Read More: What is an Airsoft Gun?How Gun and Security Gear Advanced through the YearsParts of a Gun: All You Need to Know About the Components of Your Firearm

7 Tips To Get Started On Your First Virtual Meeting

Virtual meetings are a great way to get your team together from different locations and are used for various purposes. Whether you need to conduct training, hold a brainstorming session, or keep communication open with your remote employees, virtual meetings can help you reach your goals. Yet before you start planning your first virtual meeting, it’s essential to know how to set up and manage these types of sessions. Here are seven tips to get you started: 1. Set An Agenda If you’re new to virtual meetings, it can be tricky to know where to start. One important thing you can do is set an agenda for your meeting—this will let everyone know what to expect and ensure that all essential topics are covered. Some tips for setting an agenda for your first virtual meeting are as follows: 1. Write down all of the topics you want to discuss. Ensure they are relevant to the meeting’s purpose. 2. Order the topics by importance. It will help you to focus on the most critical issues first. 3. Decide how much time you want to spend on each topic. It will ensure that the meeting stays on track and doesn’t run overtime. 4. Send out the agenda in advance so that everyone has time to prepare for the meeting. Setting a plan will ensure that the meeting is productive and focused, and it will help everyone to know what to expect. Planning can ensure that your first virtual meeting out of many fun virtual events is a success. 2. Know Your Audience Know who you will be speaking to when planning a virtual meeting. It will help you to tailor the content of the meeting and ensure that everyone can participate. The following are some things to consider when planning your audience for a virtual meeting: Size: How many people do you need to reach? Location: Where are your audience members located? Accessibility: How will your audience access the meeting? When you know your audience, you can ensure everyone can participate in the meeting. You can also tailor the content to ensure that it’s relevant and valuable for everyone involved. 3. Choose A Platform Wisely When it comes to having a virtual meeting, the first step is choosing a platform that will work best for you and your team. Many different options are available, each with its features and benefits. Some platforms allow for videoconferencing, while others focus on audio-only format. Others offer a variety of features, such as file sharing and screen sharing. Still, others are designed for team collaboration. The key is to choose a platform that will meet your specific needs. Once you’ve selected a platform, the next step is creating an account and signing in. Then, create a meeting space and invite your team members. Once everyone has joined the meeting, you’re ready to start collaborating. 4. Set Up A Test Run The best way to get started is to set up a test run with a few friends or colleagues. It will help you get familiar with the software and figure out any kinks before you have to lead an important meeting. To start, choose a videoconferencing tool that you’re comfortable using. You can choose from many options, so take time to explore what’s out there. When you’ve chosen one, invite a few people to join you for a practice run. You can use this time to test out the various features of the software and figure out how everything works. Observe the sound quality and image clarity, as well as how easy it is to use the various features. It will help you ensure everything is working correctly before leading an actual meeting. 5. Establish Ground Rules You can establish a few ground rules to help everyone feel more comfortable and get the most out of the experience. First, set some expectations about etiquette. For example, let everyone know that it’s okay to take breaks as needed and that it’s perfectly acceptable to mute your microphone when you’re not speaking. It can also be helpful to establish a ‘no interruptions’ policy so that everyone has a chance to be heard. Next, ensure everyone knows how to use the meeting platform you’re using. Everyone must be familiar with the basics of how the system works. Finally, take some time at the beginning of the meeting to check in with everyone and see how they’re doing. Small talk can go a long way towards making everyone feel more comfortable and setting the tone for a productive meeting. 6. Consider Logistics When you’re planning a virtual meeting, there are a few logistical considerations to keep in mind. Choose a time that works for everyone involved. It can be tricky, especially if you have team members in different time zones. It’s crucial to find a time that works for most people involved. Once you’ve selected a date and time, ensure you send out reminders to everyone so they’ll know when the meeting is taking place. Lastly, think about how you will share information with your team. Decide whether you will use audio, video, or both. Determine how you will share any documents or files you need. Making these decisions in advance will help the meeting run smoothly. 7. Have A Backup Plan Even if you’ve planned everything perfectly, there’s always a chance that something could go wrong. Hence, a backup plan is critical. Start by ensuring everyone has the contact information for everyone else on the team. This way, if the meeting platform you’re using goes down, you can still get in touch with everyone. It’s also a good idea to have a backup meeting platform should your first choice doesn’t work out. Finally, ensure you have all of the necessary files and documents saved in a safe place so you can access them even if your computer crashes. By taking the time to plan for the worst, you can help ensure that your virtual meeting goes off without a hitch. Takeaway The tips discussed here can set you up for success when leading your first virtual meeting. Remember to be prepared, establish ground rules, and have a backup plan. With some planning, you can ensure that your meeting is productive and successful. Additionals: How Your Singapore Business Could Benefit From A Virtual Office How a Virtual Assistant Is Beneficial to Businesses Why Virtual Offices Are The Future Of Business

Six Low-Investment Business Ideas You Can Start Today

1. Offering services:

2. Online Freelancing:

3. Marketing Services:

4. Online Product Marketer/Seller:

5. Being a personal assistant:

6. Social media consultant:

Yacht Vat leasing tax in Malta

Why Lead Generation Is Essential For Business?

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

6 Types of Equipment You Need in Your Warehouse

Who Is An Intrapreneur? Definition, Characteristics, Pros/Cons, More

7 Tips To Get Started On Your First Virtual Meeting

Six Low-Investment Business Ideas You Can Start Today

1. Offering services:

2. Online Freelancing:

3. Marketing Services:

4. Online Product Marketer/Seller:

5. Being a personal assistant:

6. Social media consultant:

Share this Article

Yacht Vat leasing tax in Malta

Why Lead Generation Is Essential For Business?

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related