If you are thinking about starting a new business, we guarantee you are going to be thrilled after reading our today’s list of most profitable businesses with low startup costs in 2018.
As a ‘newbie’ in the business world, the first thing you need to do is to get a proper business plan. Also, you are probably thinking of starting slow, and small, right? Moreover, a list of top 10 small business ideas would definitely come in handy right now. That’s why we decided to compile a list of, not only 10, but 15 low investment high profit business ideas. Some of them are small business ideas, and some definitely have a potential to grow big.
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So, did you know that some of the best, most profitable businesses besides those product-based, are service-based businesses? Some of them are also the best businesses to start with little money since you don’t need significant capital investment in raw materials in order to start one – great news for all entrepreneurs out there who can’t afford a lot of money for a startup, right? Since we already covered the business ideas with low investment in 10 Most Profitable Businesses You Could Start with Little Money, we decided to update the list a little bit because most of these business ideas are closely connected to the internet, and internet market is changing on a daily basis, thus offering new business opportunities. We are all familiar with work-from-home-jobs, right? That’s why you’ll just love small profitable business ideas from home which we also included in our today’s list because you get to work from wherever and whenever you want.
However, you should know that one of the easiest ways to start a business is to buy a franchise. Of course, in this case, you’re probably going to need a bit more money than you would need for starting one of the business on the list below. It all depends on how much money you are ready to invest. Nevertheless, here are the best franchises to own under 50K in 2017.
In order to compile a list of most profitable businesses with low startup costs in 2018, we have checked websites such as Entrepreneur and Forbes for some hot new business ideas, as well as U.S. Small Business Administration’s article on how to start a business. We also took into account the Inc.’s list of of most profitable small business industries. We intentionally based our methodology on resources from the last few years, because our idea was to check out the major trends that are likely to impact businesses in 2018. Finally, we singled out top 15 most mentioned and most profitable businesses with low startup costs.
So, without further ado, let’s check out the list.
15. Furniture store
When it comes to interior decorating, the starting point is quality furniture. We all know how a new piece of furniture can enlighten a living room. So, people are buying it not just because they need it, but also to make their lives brighter. So, the bottom line is: the furniture will never go out of fashion. So, to open up a furniture store, you have to find a perfect location and a good carpenter to make furniture for you, in case you are not familiar with it. Also, you can sell used and antique furniture.
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14. Copywriting agency
Similarly, like writing articles from home, starting a copywriting agency, is an extremely profitable business nowadays. If you mastered freelance writing, you can expand your business by hiring more copywriters.
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13. Bike service
Bike commuting is increasing day by day. That’s why you can see more and more people who are biking to work instead of driving. The health benefits of cycling are well-known, and it is why opening a bike repair shop can be a good small business opportunity.
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12. Translation services
Nowadays, every small business has a potential to grow into a big one, and growing big sometimes means going global. Thus a global-minded businessman should speak multiple languages. However, that’s not always the case, and it is when an online translation service is a necessity. So, if you are fluent in a foreign language, you can open a translation agency and hire some people who can help you.
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11. Cleaning service
If you want to start a small cleaning business, you need some basic equipment such as a vacuum, floor cleaners, and a car. This is also a very good way to earn extra cash. Most of the housekeepers get $26 per hour.
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And now, let’s see the top ten most profitable businesses with low startup costs in 2018.
10. Warehousing business
Many big companies and farms need warehouses and storage rooms to keep their materials and products, and although some big companies have their own, the other, smaller ones get that space from an agency or from a direct owner. You can open up an agency where you will provide warehouse and storage facilities to those who need them.
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9. Real estate agent
You don’t need too much money to become a real estate agent. On the other hand, you can make big bucks if you are successful. Although you can experience financial problems and lack of communication at the beginning if you are dedicated to the goal, one day you are going to become a successful real estate agent.
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8. Software engineering agency
Software engineering ranks 8th on our list of most profitable businesses with low startup costs in 2018. It is a growing industry nowadays. You can open an agency and employ talented software engineers and developers in order to provide services to various companies.
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7. Personal Chef
Dear culinary graduates and all those who like to cook, if opening a restaurant or buying your own food truck sounds too expensive, then a career of a personal chef is your true calling. First, you’ll want to make yourself accessible to your potential clients, and the best way to do so is to create your personal website where you are going to offer meal plans. Then, get yourself certified, if you are among those without a diploma, and hit the road!
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6. Specialized design services
People just love anything that is specially designed. Knowing that designers, artists and miscellaneous managers are among the top three occupations in this industry it doesn’t come as a surprise this business is very much appreciated since it involves designing body tattoos as well as company logos, and much more.
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5. Private child care centers
Opening a child care center in a small town is a very good idea that can become a very lucrative business. Everything that working moms and dads are looking for is a safe, caring and clean environment where they can leave their little ones while they’re working.
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4. Event and project planning
If you “have a guy” for everything as well as exceptional management skills, then this business idea is a potential gold mine. The best part is that you can start this business from the comfort of your home.
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Are you ready for the top three most profitable businesses with low startup costs in 2018?
3. Direct sales representative
Not everyone is cut out to be a sales representative. After all, “surviving” slamming the door in your face on a daily basis is not easy. However, if you want to get a business going, get used to it, at least in the beginning. Later on, you can switch from door-to-door sales to hosting parties in your living room, where you could easily negotiate the best price when selling Tupperware, Avon, Mary Kay, etc., products.
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2. Blogger or Vlogger
It’s not like you are going actually to change the world by starting your own blog, but you could definitely add a couple of zeros to your bank account. So, put to use a knowledge and skills you already have and be creative and original. All you need is a computer, a good quality camera, and of course, a genuine content.
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And now, let’s see one of the best business ideas to make money.
1. Accounting, tax prep, bookkeeping, payroll services
The number on one our list of most profitable businesses with low startup costs in 2018 are definitely accounting, tax prep, bookkeeping and payroll services. By helping your customers to file their tax returns and keep financial records in order, you can earn good money. All you need to start is an education in basic accounting.
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This wraps it up for our list of most profitable businesses with low startup costs in 2018. So, what are you waiting for? Get moving and let the cash start pouring in!
