The 5 Best Low-Investment Online Business Ideas

Are you looking to start an online business that's not capital intensive? An online business could be a great way to make extra income on the side or create your own business. Thanks to the evolving ecommerce landscape, entrepreneurs are now taking advantage of many opportunities to make money online.

This article provides insight into online business ideas you can start. These ideas are not capital intensive and require a physical storefront. For some, you don't even have to offer a physical product.

 

Find below a list of 5 low-investment online business ideas:

1. Drop Shipping


Drop shipping entails partnering with a supplier to display and sell products in your online store. You sell their goods without having to keep products in stock. When customers order from you, the supplier sends that purchased item directly to them.

If done right, drop shipping can be a viable way to sell trending, worldwide brand products. To be successful, it's essential to conduct market research and find suitable suppliers. However, it is necessary to avoid scammers who might try to dwindle you by requesting a big upfront payment.

Here are some places to find dropship suppliers:

- AliExpress drop shipping

- Spocket dropship marketplace

- SaleHoo wholesale supplier directly

- Modalyst automated drop shipping app

- Doba manufacturers and suppliers market

 

2. Online CBD Business


It's now easy to purchase CBD goods online and in person, thanks to digital commerce. Besides, due to the advertised health benefits of CBD products, consumers' interest in CBD products has been on the increase. In 2021, the marijuana segment accounted for sales of according to Grandview Research.

Another factor contributing to the increasing acceptance of refined CBD products is the legalization of marijuana-derived products in various medical applications. Moreover, the high rate of effectiveness of CBD products is accelerating the growth of the CBD industry. According to a survey by Consumer Review, more than a quarter of people in the U.S. say they've tried CBD at least twice in the past two years.

Wellness, beverage, food, and beauty manufacturers infuse CBD into many products. From the best selling CBD gummies in the UK to lattes and topicals, there are loads of CDB products to promote online. Undoubtedly, CBD is a promising niche as the industry is expected to hit $16 billion by 2025.


How to start a CBD business online:

- Decide your CBD niche and products

- Research the laws and regulations around CBD

- Create a business plan and prepare the necessary documents

- Get CBD products suppliers

- Choose the best ecommerce platform for sales

- Create a website

- Figure out shipping and payment

- Market your business

 

3. Create Digital Products or Online Courses

Selling digital products can provide extra income in addition to your main hustle or even become a full-time business. Besides its high-profit margin and huge potential, digital products are scalable. It's cost-effective as you don't have to stock or manufacture products. In addition, there are no logistic issues or concerns about keeping inventory, packaging, or shipping.

Digital products are virtual items that customers can access or download virtually. Examples of digital products are ebooks, online courses, membership sites, graphic design, business document templates, and craft patterns. Others include stock photography, NFTs, software, and games. 

 

How to start selling digital products:

- Identify your niche

- Choose a platform

- Create your product

- Promote your digital product

 

Where to sell your digital products:

Even if you're not the most tech-literate person, these online tools and marketplaces will help you get started in time:

- Etsy

- Shopify

- Thinkific

- Your website

- Amazon

- Udemy

- Skillshare

 

4. Start an Ecommerce Store


Research shows that ecommerce revenue is expected to reach $740 billion in the U.S. by 2023. That's an inspiration for savvy entrepreneurs to carve out a niche for themselves and start selling online. However, it's crucial to do market research, identify your area of expertise and passion, and create a solid business plan.


How to Start an Ecommerce Store:

- Choose a niche

- Do market research and recognize your target market

- Choose a product

- Decide how you'll source your products

- Write a business plan

- Pick a business name and brand your business

- Apply for your permits and licenses

- Create your online store

- Market your new business

 

5. Build and Monetize an Online Audience

You can publish content online with a blog, video, or live video. This business idea requires minimal investment“only creativity. In addition, demand for online content is getting popular, with more people watching videos, reading blogs, and engaging on social media than ever before. Online content is about attracting followers, carving a niche for yourself, and making money off that success.


How to make money from online content:

- Direct advertising, such as displaying ads on your platform

- Sponsorship and affiliate links

- Donations

- eBooks and online courses

- Subscriptions

- Consulting services

 

In Conclusion

Business and work have changed drastically since the pandemic of 2020-21. To future-proof their income, people are resorting to other income streams besides their 9-5 jobs.

However, you need a viable business idea to start the journey toward financial independence and security that an online business offers. These highlighted business ideas are location-independent and require low investment. 

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