SME Finance

ABC Solutions


21 Small Business Ideas with Low Investment

Published On Feb/25/2024

Many people dream of starting their own business, but often, the biggest concern is having enough money to begin. People want businesses where they can earn more with less capital investment.

Luckily, some business ideas don't require a huge investment, making it easier for beginners to start. Some of these ideas can even be done on the side while keeping a regular job. These opportunities allow individuals to use their skills to make money. Let’s delve further to understand business ideas that can be started with low investment.

Teaching and Coaching

1.Coaching Classes: If you have a good hold in a particular subject, you can offer coaching classes. This could be anything from academic subjects like mathematics or languages to skills like music or art.

Food and Catering

2.Catering Business: People often require catering services for events like weddings, birthdays, or corporate gatherings. If you're passionate about cooking, you can start a catering service.

3.Handmade Chocolate Business: Making chocolates can be both a hobby and a business. You can make homemade chocolates for occasions.

4.Tiffin Services: For those who don't have time to cook, a tiffin service delivers home-cooked meals to customers, especially professionals.

Digital and Marketing

5.Social Media Agency: Businesses need to be present online. If you're savvy with social media and marketing strategies, you can help companies establish and grow their online presence.

6.Blogging: Bloggers share their experiences, expertise, or stories online, potentially earning through advertisements, sponsorships, or affiliate links.

7.Vlogging and YouTube Channel: Similar to blogging but in video format. You can create content about various topics and monetise through ads, sponsorships, and partnerships.

8.Freelance Writing: If you have a knack for writing, various platforms and businesses require content creators for articles, blogs, or website content.

Creative Ventures

9.Antique Store: if you have a knack to collect vintage or unique items you can have a small store of these items which can be put on sale.

10.Interior Designers: With the real estate market booming, there's a demand for interior decorators to enhance living or office spaces. If you have a knack for interior designing, you can go ahead and take freelance projects for interior designing.

11.Hobby Class: Teach skills like dance, painting, or crafts to enthusiasts looking to learn and develop new talents.

Home-Based Business

12.Home-based Bakery: Baking delicious goods like cakes, cookies, or pastries from home and selling them can be a lucrative venture.

13.Personal Chef: Cater to individuals or families who prefer personalized meals without the hassle of cooking.

Online and Tech

14.App Development: If you're tech-savvy, creating software applications or solutions for specific needs can be a profitable venture.

15.Affiliate Marketing: Promote products or services online and earn commissions for every sale made through your referral links.

Rental Ventures

16.Car Rental Business: Owning cars and renting them out to individuals or businesses can provide a steady income.

17.Equipment Rental: Renting out tools or machinery, especially to contractors or DIY enthusiasts, can be a sustainable business.

18.Bike Rental: you can offer your bike for rent, especially in tourist locations.

Other Ideas

19.Party Planner: Organize and manage events, taking care of logistics, themes, and execution.

20.Pet Grooming and Care: With pet ownership on the rise, offering grooming or care services can be a rewarding business.

21.Career Counselling: Guide individuals, especially students, in making informed career choices based on their interests and skills.

Getting finance for your business

If you have planned to start a business and want funds, you can approach any financial institution like Aditya Birla Finance Limited for an MSME loan or a business loan. These loans have easy repayment options, with quick loan approval and easy repayments. Further, these loans are available at affordable interest rates, which makes your EMI payments easy and convenient.