7 Business Ideas You Can Follow With Limited Capital

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7 Business Ideas You Can Follow With Limited Capital

We all dream of starting a business that we feel strongly about but having an idea is not enough as you need to have the resources as well. For those of you who have limited money and want to start your own business, this article is going to help you do that. If you are having trouble starting your own business because of little or no capital, here is a link to help you out. Have a look at some of these business ideas that you can peruse with limited capital.

1. Sell A Service
If you have got skills that are in demand, it will be pretty easy for you to start your business. Writers, photographers, house cleaners, designers, developers, fitness trainers, etc. can build a business based on their skill set. For example, A photographer can cover a local event and sell prints online through their social media account. Couple your service-based business with physical products so it can give you another source of income that is not directly tied to your time.
2. Personal Creations
Personal creations like arts and crafts can come in handy if you want to make some income. If you love to paint, you could easily sell your paintings where your investment would be nothing more than art supplies and your time. Platforms like eBay, Etsy, and Amazon, are perfect for such creators and make it easy to get a profit from your work.
3. Consulting
Being an expert in some field will finally pay off. You can become an online consultant. Consulting is a service that will only cost you your time, but it can be highly valuable as a career opportunity. Up-and-coming professionals and startup business owners would be glad to pay you for your expertise.

4. Resale
You simply acquire products and then sell them to other people. You can use wholesaling or drop shipping to acquire the goods. With drop shipping, you will ship directly from the manufacturer, but you will need much startup cash. With wholesaling, you will require more money and space up-front, but at the end of the day, you will end up with more control and money.
5. Skill-Based Services
For people who have a specific skill, there is nothing better than using their skilled labor as the main revenue driver for their business. For example, if you know how to build furniture and are passionate about it, you can start off by making small unique furniture pieces and selling them. These types of gigs do not require you to have a proper physical establishment, and you also do not have to invest in anything up-front except for the tools or equipment that you will need for the job.
6. Sell Print-On-Demand Items
If are artistically motivated and know your way around a camera, you can dropship using a print-on-demand business model so others can physically own a piece of your work. Be sure that you have the rights to the content you want to print. If you already have an engaged online following, then you are in luck. You can turn your work into various kinds of products such as posters, framed wall art or even greeting cards.
7. Personal Trainer
If fitness is your passion and your life is all about a healthy lifestyle, then you need to think about becoming a personal trainer. You will have to be certified as a qualified trainer and put in an effort. Use social media platforms to promote yourself. You could offer group training sessions to bring in more money than the one-on-one sessions.
Hopefully, all these ideas will give you the inspiration to start your own business one day! Have an amazing day!

About the Author:

David Simmons is a financial analyst and accounting expert. He has in-depth knowledge about setting up small businesses as well as creating profitable investments. He regularly contributes articles related to business and loans at https://www.ebroker.com.au/.