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Daniel Elton is a professional forex trader, financial writer, blogger, and analyst. He has a deep understanding of fundamentals, price actions and the world economy. Combining fundamental and technical aspects, he has a passion for sharing his ideas and analysis with readers. In his leisure, ...more

10 Low-Investment Business Ideas (No Inventory Required)

Date: Friday, January 24, 2020 9:48 PM EDT

Would you like to have your own business, but you’re worried about finances and inventory? Whether you’re looking to try a different career or earn extra money, there are ways to do it. Today, with the help of technology, many business opportunities require minimum to no investments.

Also, globalization removed the necessity to create an inventory in many cases, as it is possible to ship goods directly to the customer.

  1. Selling on eBay

eBay is one of those online marketplaces where you can start a business with minimum resources. Because the marketplace takes commissions out of the sales you make on the platform, there’s no need to pay any fees to subscribe and get started.

All you need to do is decide what to sell, get some clear images of the products, and a detailed description, and you’re good to go. The platform will provide everything you need to create and start an online store as soon as possible. You can start your own store on eBay and then start selling on your own website. Watch this video to see a guy named Joe did it. Get inspired and pick up some good tactics and tips.

  1. Offering services as a freelancer

Freelancing is another opportunity to make money on your own. All you need is a computer and an Internet connection. You can work as a freelance in your spare time or you can develop a full-time business if you’re really good at what you’re doing. How to become a freelance?

Think about the services and products, digital products, in this case, you can offer to people. Scouting around freelancing websites could give you an idea about the things you could do.

  1. Book publishing

These days, anyone could write a book and publish it without investing too much in the process. The demand for e-books is extremely high, as most people prefer using their gadgets to read, instead of buying paper books.

So, if you are a talented writer, have an idea about what you could write, and want to earn some cash, you can start writing books to publish, later on. If your book will be interesting enough, it can be purchased by millions of people on the Internet.

  1. Affiliate marketing

Affiliate marketing gives you the chance to run a business without the need to have an office, headquarters, or warehouses. You can easily earn money while sitting at home comfortably, in front of a computer. What is affiliate marketing?

 Well, there are very many brands and companies that look for people willing to sell their products and services online. They offer everything you need to start the business. This means that they will help you out with a portfolio of products and services, and all the support you need to be successful. Some of these companies will offer motivating commissions for every product or service you sell, so this activity can be rather rewarding. However, it is worth mentioning that some sell start kits, while others offer this opportunity for free.

  1. Cleaning windows

Everybody enjoys a clean window, so this kind of job may bring you a good amount of money. We are talking about cleaning the windows of office buildings, not just private residences. However, you will have to bear in mind that heights will be involved.

So, you need to be comfortable about it and always remember to stay safe. Other than this, the job is not complicated. If you clean windows properly, no one will criticize you for anything.

  1. Creating personalized T-shirts

Did you know that you can sell personalized or custom-made T-shirts without having T-shirts on stock or even a special printer? All you need to do is to have good digital graphic skills. This means to come up with designs on the computer, which will be printed on T-shirts ordered by your customers. How to print and deliver the T-shirts?

An online service called Merch, provided by Amazon, allows you to start this kind of business with zero investments. The service will sell the T-shirts to the final customer, cash the money for the merchandise, ship the final product, and then give you a royalty fee for the design. Doesn’t this sound great? You’ll be investing just time and if you’re really talented, you could earn decent sums of money very fast.

  1. Managing social media accounts

Do you know how to obtain “likes” on social media or create viral content that is capable of attracting the attention of the audience?

Then you can be exactly what very many companies are looking for. And that is a person that is capable of coming up with catchy content, attract the attention of the target audience, and write correctly. Everybody uses social media these days, but if the provided content is of poor quality, nobody bothers looking at it.

  1. Sell goods made by hand

If you are a creative person that likes making things by hand, you could easily sell your creations online. The market for handmade products is very promising and there are many potential customers out there that appreciate these kinds of items.

 Etsy or Shopify are just two examples of international platforms where handmade products can be sold. People look for this kind of items and you may even get special orders from those in search of something unique or special. So, if you enjoy creating useful items, jewelry, decorations, and more by hand, don’t be afraid to turn this into a business.

  1. Start an online fashion store

It is very easy to sell clothes and accessories online these days. Online stores gained a lot of traction lately, as people appreciate the convenience and comfort of shopping while sitting comfortably at home or during their coffee break.

And the best part about an online fashion store is that you don’t need to have a warehouse. Just find a provider that could supply your online store with all the products you need. Then, based on the orders you get, simply place an order to your supplier and ship the order to your customers.

  1. Use drop-shipping

Drop-shipping allows people to sell items without having to create an inventory for it. You just present the products on an online store and ship the items directly from the vendor to the customer.

 This gives you the chance to add a profit margin to the products and direct the order from the supplier to the end customer fast and easy. You can start almost any kind of business this way, without blocking money in physical inventory.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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