Business ideas For Startups in 2024 with low Capital.
Tired of being broke all the time and always looking for something to do without having to invest your last money in the bank?
In this article, we are going to take a cursory look into some business ideas you can actually start and make much more profitable as a starter or as pro with little money in your pocket.
Starting a business for yourself or someone else comes with lot of confusion especially when you’re not grounded in such a business terrine
I can provide you with an overview of 20 or low-capital business ideas for startups in 2024
1. Dropshipping
Dropshipping is a good way to start an eCommerce business because it allows you to sell products without managing inventory or shipping.
I will walk you through on the dropshipping journey with a step-by-step guide to match your competitors and also minimise your spending as a starter.
Choose a niche: Decide on the products you want to sell and the market you want to focus on.
Find a supplier: Find a trustworthy supplier that provides products in your niche. You can use a service like Alibaba or Importify, or an e-commerce software like Shopify or Wix.
Design your brand: Create a name, logo, and color palette for your business.
Build your store: Choose a hosting provider and a dropshipping platform to build your website.
Register your business: Decide on a legal business structure and get the necessary licenses.
Set up finances: Set up a business bank account and consider taxes and fees.
Market your store: Use SEO, ads, social media, and other methods to drive traffic and sales to your website.
Set prices: Decide on how to price your products so you can make a profit without overcharging.
Research competitors: Understand how your competitors work and use their strategies to build a stronger marketing plan.
17 Business ideas For Startups in 2024
2. Social Media Consulting
Social Media Consultant strategizes social media campaigns, creates content, and manages the social media presence for organizations. The role’s responsibilities include: Understanding the social media environment. Liaising with the client organization to develop a social media strategy.
Description: Provide businesses with social media strategies, content creation, and management.
What you need to start: must have wide audience on all social media platforms, get a computer or smartphone and internet then start reaching out to businesses and brands that needs your service.
3. Virtual Assistant
A virtual assistant is a remote working job that provides administrative, technical, or creative support to clients. Part of of your services should include the following, Scheduling, Email management, Customer service, Content creation, Writing, Editing, Design, Marketing, Social media, and Creating presentations and reports.
VAs can work for a company or individual on a self-employed, or contract basis. They typically specialize in specific skill sets, like blog writing and organizing travel arrangements.
What you need to start: get a computer and internet, search online for business and companies looking for such services, be professional and bold.
4. Affiliate Marketing
Affiliate marketing is a revenue-sharing system where you as a publisher receive incentives or commission simply by promoting links or products from a brand partner.
How it works
The affiliate creates or distributes content, and the business pays the affiliate a percentage of the sales or traffic generated by the affiliate’s efforts. The business assigns the affiliate a unique link to track sales and traffic.
What you need to start : create a website/blog
5. Mobile Car Wash
Offer on-site car cleaning services at homes or workplaces.
What you need: (cleaning supplies and equipment).
6. Pet Sitting or Dog Walking
Provide pet care services for busy pet owners.
Dog Walking is like adding an extra time to your already scheduled workout but it can pay you much more than those sitting in the office for 8 hours.
Imagine if you’re in an environment where you have lazy and busy neighbours or buddy who needs someone to walk their dog or give some care to their pet you can make huge money daily without renting a shop or office
17 Business ideas For Startups in 2024
7. Handmade Crafts or Products
Create and sell handmade items on platforms like Etsy.
You can sit in the comfort of your home and make certain craft such as hand weaving, painting and coloring, children toys and sell either online or directly.
Startup Cost: Low (materials for crafts).
8. Blogging
Start a blog and monetize through ads, affiliate marketing, or sponsored content.
Realistically, blogging have moved a lot of people from the trenches to studio especially the youths.
Imagine how many minutes you spent reading this article and surfing other social media platforms.
It takes nothing to be a blogger and there are no special training for it, all you need to do is make some research about what niche you can be consistent with then start publishing
Startup Cost: Low (domain and hosting).
9. Online Tutoring
Offer tutoring in subjects you excel in via video calls.
This is one of offer you should embrace gladly, it requires nothing other than what you already know therefore don’t belittle yourself.
There are subjects you passed during college and university level and you know the titbit of those subjects, the caught is that there’re millions of people who are ignorant of that particular subject and they need you to teach them.
10. E-book Publishing
Write and publish e-books on platforms like Amazon Kindle.
Thanks to Amazon and other websites that offers free online book publications, instead of wasting time writing long epistle on social media you can also apply same effort in writing nice constructive and helpful article and then publish on Amazon etc.what you need a functional computer to start.
11. Personal Trainer
Offer fitness training services, either in-person or online.
-Startup Cost Minimal (certification and marketing).
12. Event Planning
Organize events such as weddings, parties, and corporate functions.
Startup Cost: Moderate (marketing and website setup).
What does it take to plan an even? Intelligence quotient (IQ) understand what wows other, have few friends and contact who can help up set-up maybe chairs and do some decorations.
You can start by selling this ideas to people planning for any event
13. Cleaning Services
Start a residential or commercial cleaning service.
Startup Cost Low (cleaning supplies).
You need little or no skill to start a cleaning service job neither does it require much money to start. Everyday in your neighbourhood many new houses and sometimes new tenants moving into a new apartment and they would need someone to clean up the house. This is a best way to start.
17 Business ideas For Startups in 2024
14. Digital Marketing Agency
Provide SEO, content marketing, and PPC advertising to businesses.
When I started blogging newly, I knew practically nothing about SEO until I contacted someone from fiverr, I do not know exactly how he did what he did but I was satisfied with his SEO service, so if you know it you’ve automatically got yourself a well paid job
Startup Cost: Moderate (software and marketing).
15. Photography
Description: Offer photography services for events or portraits.
Before I ventured into journalism cinematography was one of my hobby and it actually brought food on my table.
Startup Cost: Moderate (camera equipment and marketing). go for the cheaper camera for a start.
16. Personal Shopping or Stylist
Description: Help clients with shopping or styling their wardrobe is another practical and easy way business you can start with little or no capital.
Startup Cost: Low (marketing and networking).
17. Subscription Box Service
Description: Create a subscription box filled with curated products in a niche market.
Conclusion
These low-capital business ideas provide a range of opportunities for aspiring entrepreneurs. With creativity, dedication, and smart marketing, you can launch a successful startup without significant financial investment.
Business profitability may vary depending on your region and environment where you find youself therefore do your own research by going through a visibility study of the business you want to venture into and it’s environment.
Let me know if you would like me to expand on any specific idea .
