Dreaming of being an entrepreneur but lack of funds stopping you from making that dream a reality? Well, fret not, as even with limited funding, you can easily realize your entrepreneurial dreams.
Discussed below is a list of business ideas to start a business even with low finance-
Starting your personal blog or a vlog is one of the most profitable business loan idea. You can write a blog on a range of topics such as fashion, beauty, literature, history, finance, lifestyle, spirituality, etc. Once you manage to gain sufficient traffic and boost your blog domain authority, you can start earning from it through various brand promotions and SEO activities.
Meal Service is a profitable business, especially in metro cities where a lot of young population migrates due to job-related opportunities. Most youngsters who stay away from their home or live as paying guests, do not get proper time or proper meals to cook their meals. As a result, they have to eat out most of the time, which can be both expensive and unhealthy. In such a scenario, affordable and home-cooked meals enjoy a high demand. Starting a meal service does not require much investment and is an ideal business for housewives or stay-at-home moms. You can also check out business loan schemes for women.
Due to the vast expansion of the internet in recent years, there are a lot of online business ideas that have gained massive popularity. Therefore, if you are fond of writing, you can consider starting your own blogging business. You can write on any topic of your interest but make sure that your content is relevant and appeals to the masses. Also, an attractive and easy to navigate website will draw the attention of more readers. Starting a blogging business requires a less amount of money, and you can consider availing a business loan for the same.
To sum it up, blogging can help you generate a lot of online traffic and can eventually prove to be a great source of passive income in the long run. Another major benefit of blogging is that you can easily work from home at your convenience.
Network marketing, commonly known as multi-level marketing, is a business model wherein you can buy into a company and earn commissions on the product they sell. You can browse through the internet to have a better idea about the reputed brands, whose products are always in demand. In order to expand your network business, you can also consider promoting the products online by creating a website.
Apart from network marketing, you can also consider venturing into affiliate marketing. The primary difference between affiliate marketing and network marketing is the fact that you have complete control of what to sell with affiliate marketing, whereas with network marketing you only get to sell products of the brand you are involved with.
Bakery and Confectionary
Do you love baking cakes for your near and dear ones on their birthdays or special occasions? Well, now you can take your fondness for baking and use it to start a very profitable business of baking and confectionery. Very minimal investment is needed to start a baking business that mainly includes buying ovens, bakery products and renting/buying a shop for sale. You can easily avail a business loan to start this business.
If you love planning parties, you can start the business of event planning. A successful event planner needs to make sure that everyone at the party is having a great time. For that, his/her responsibilities include planning exciting themes for the party, taking care of catering, hiring performers for entertainment. Planning all this requires a minimal investment of hiring staff and taking care of the logistics. However, with the number of weddings, anniversaries and birthday parties, the returns on this investment could be very high.
Be it schools or offices, all of them require stationery items. Along with providing textbooks, pens, files, and other school-related things, some stationery shops also earn profits by providing Xerox and scanning facilities. However, you have to strategically set your shop near a school or college to increase your chances of getting more business.
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