Low Cost Business Ideas

Starting any business entails a risk in itself. What if the business does not grow as expected and all the money invested in it goes wasted? Such fears often haunt many first time entrepreneurs, especially who are planning to take a loan for starting a business. So, what is the other way out? Well, one can always look forward to starting a business that does not require much initial investment. Scroll down for such low-cost business ideas...

Low Cost Start Up Business Ideas

Home Tuition
If you have been good at academics in school and college and are able to retain all the knowledge till date, start a home tuition business. In the beginning, you only need to invest in leaflets which can be distributed throughout your neighborhood, advertising your services. In this small business, to get repeat business, you have to be very good at your job as word of mouth is the best form of publicity in this field. So, learn how to handle students tactfully, be thorough with the subjects you teach and use innovative methods to make your teaching interesting, to be successful in this business.

Consultancy
Another low-cost start-up business idea is to start a consultancy. If you have years of work experience in some business field such as marketing, advertising, accounting, public relations, etc, you can work as a freelance consultant for businesses who do not have separate departments or professionals catering to these. For starting a consultancy, you just need an office space (you can set up your office from home too), a phone connection, computer and an Internet connection.

Cleaning Services
There are two segments that you can cater to when setting up a cleaning business. The first is the homes and the second is commercial establishments. Since you are looking for low-cost business ideas, initially start with offering your services only to houses. Window cleaning, garage cleaning, garden cleaning, carpet cleaning are some of the things you can offer to do for your clients. Start with catering to your neighbors, friends and acquaintances. Later, when the business expands, you can hire a few people to undertake assignments on your behalf. The initial investment that is required is only for the cleaning equipment.

Internet Affiliate Marketing
One of the easy to start, low-cost businesses is Internet affiliate marketing. To start with this, you need to register yourself with a good internet affiliate program. Thereafter, you will have to operate and maintain your own website. Update its content from time to time so that you receive lots of traffic on the website. As a part of the program, a manufacturer or marketer of products will advertise his product on your website. So, whenever any user clicks on these advertisements and goes to the manufacturer's website, you get paid. Sometimes, the revenue sharing can be on actual sales i.e. "pay per sale", when a user of your website actually buys the product from the manufacturer.

Online Selling
You can earn a lot of money by selling various kinds of things on some of the known auction sites on the Internet. Shoes, clothes, interior decor stuff, books, jewelry - you can sell anything and everything on the internet and earn some good money out of it. The initial investment for this Internet business would entail buying goods at a cheaper rate from discounted stores, flea markets, etc. Your earnings will come from selling the same at a higher rate on the Internet. Online selling is definitely one of the best businesses to start in 2011.

Pet-Care Services
With both the husband and wife working today, pet care has become one of the most lucrative small businesses. Walking the dog, pet-sitting while the owners are at work, keeping and taking care of the pet when the family is on vacation, cleaning the dog house, changing cat litter boxes, giving the pet medication are all part and parcel of pet-care services today.

For implementing these low-cost business ideas, you need to do a lot of hard work. Plus, you should be very sure that doing business is what you want. In the beginning, to be on the safer side, start any of these different business opportunities on a part-time basis. Once you feel that the business is growing, you can quit your job and get engaged in it full-time. Best of luck!