It’s never been easier to start a business, especially now that so many possibilities don’t require a lot of money.
The important thing is to find a business that fits your skills, hobbies, and market needs. Many low investment business ideas don’t require a lot of money but have excellent growth potential for prospective entrepreneurs in 2024.
If you want to get into the marketing, health and fitness, schooling, or food and drink business, there’s an excellent chance for you. In this blog, we’ll look at 21 low investment business ideas that will do well in 2024.
These ideas have a lot of room to grow and are flexible, making them suitable for people starting their own businesses for the first time.
Top 21 Low Investment Business Ideas
A thorough list of 21 low investment business ideas, organized by industry, is provided below. We included important information like whether they are online or offline, how big the market could grow, how much they would have to spend, and how much money they plan to make.
| Business Name | Type (Online/Offline) | Market Growth (in %) | Estimated Investment | Profit |
| Cloud Kitchen | Offline | 20% | ₹50,000 – ₹2,00,000 | ₹1,00,000+ per month |
| Food Truck | Offline | 18% | ₹1,00,000 – ₹4,00,000 | ₹1,00,000+ per month |
| Homemade Food Delivery | Online/Offline | 15% | ₹20,000 – ₹50,000 | ₹45,000+ per month |
| Baking Classes | Online | 10% | ₹10,000 – ₹30,000 | ₹30,000+ per month |
| Online Tutoring | Online | 25% | ₹10,000 – ₹30,000 | ₹25,000+ per month |
| Educational Content Creation | Online | 18% | ₹15,000 – ₹40,000 | ₹30,000+ per month |
| Language Training | Online/Offline | 12% | ₹5,000 – ₹20,000 | ₹20,000+ per month |
| Test Preparation Coaching | Online | 20% | ₹20,000 – ₹50,000 | ₹30,000+ per month |
| Personal Training (Virtual) | Online | 22% | ₹15,000 – ₹40,000 | ₹25,000+ per month |
| Yoga Classes | Online/Offline | 18% | ₹10,000 – ₹30,000 | ₹20,000+ per month |
| Diet Consultation | Online | 15% | ₹10,000 – ₹25,000 | ₹15,000+ per month |
| Wellness Products Reselling | Online | 12% | ₹5,000 – ₹15,000 | ₹10,000+ per month |
| Social Media Management | Online | 30% | ₹15,000 – ₹50,000 | ₹60,000+ per month |
| Content Writing | Online | 25% | ₹5,000 – ₹15,000 | ₹30,000+ per month |
| Affiliate Marketing | Online | 20% | ₹10,000 – ₹20,000 | ₹45,000+ per month |
| Digital Marketing Consultancy | Online | 28% | ₹25,000 – ₹60,000 | ₹40,000+ per month |
| Dropshipping | Online | 18% | ₹20,000 – ₹50,000 | ₹30,000+ per month |
| Handmade Crafts | Online/Offline | 15% | ₹5,000 – ₹20,000 | ₹10,000+ per month |
| Freelance Graphic Designing | Online | 22% | ₹10,000 – ₹30,000 | ₹25,000+ per month |
| Pet Sitting/Walking | Offline | 10% | ₹5,000 – ₹15,000 | ₹10,000+ per month |
| Event Planning | Offline | 18% | ₹50,000 – ₹1,00,000 | ₹40,000+ per month |
Food & Beverages Related Low Investment Business Ideas
The food and drink business constantly changes because people always seek new, creative, and easy ways to fill their needs.
Even if they don’t have a lot of money, it’s one of the most profitable areas for business owners to look into. Here are four trendy food and drink low investment business ideas for 2024.
1. Cloud Kitchen:
One of the low investment business ideas in the food industry that is growing the fastest is cloud kitchens. Because they only take orders online, they don’t need an authentic restaurant, which cuts their costs by a significant amount. You can begin with a small group of people and grow your business as needed.
2. Food Truck:
A food truck lets you move around and choose where to eat. Instead of starting a full-fledged restaurant, this is a cheaper option. With a small expense, you can get a lot of customers if you serve new and popular foods.
3. Homemade Food Delivery:
There is a growing need for healthy, home-cooked meals, so starting a service that delivers homemade food can be very successful.
You can run your business out of your own kitchen and serve healthy meals to people in the office, school, or home.
4. Baking Classes:
If you’re good at baking, you can make money by teaching baking lessons online or in person. You can teach people how to bake cakes, cookies, and bread and make a steady income by buying them the goods and tools you need.
Read Also: How to Start a Business When You Have No Ideas: Rahul Malodia
Education Related Low Investment Business Ideas
In the past few years, the field of schooling has changed a lot. More and more people are choosing to learn online and have a more unique experience.
Education offers a variety of low investment business ideas, whether you are an experienced teacher or someone with knowledge in a particular area.
It is now easier than ever to start a business in this field thanks to the growth of e-learning tools, virtual classes, and skill-based courses.
1. Online Tutoring:
Online teaching is prevalent because more and more students and parents want expert help. There’s always a need for skilled teachers, whether for school topics, test prep, or hobbies.
It is a great business idea that doesn’t require a lot of money upfront, and you can grow it as your name grows.
2. Educational Content Creation:
Making educational material like videos, e-books, or online classes is a great way to make money without doing much work. You can reach people worldwide with sites like Udemy and Teachable. It’s possible to sell your work for a bit of money and still make a lot of money.
3. Language Training:
You might enjoy starting a business teaching other languages if you speak more than one language well. You can teach people new languages in person or online. You can help them with schoolwork or getting ready to travel abroad.
4. Test Preparation Coaching:
There is a growing market for test prep in India, especially for professional exams like UPSC, CAT, GRE, and more. You can build a solid client base without spending much money on infrastructure if you offer specialized online teaching.
Health & Fitness Related Low Investment Business Ideas
The health and fitness industry has many low investment business ideas as more people concentrate on maintaining healthy lives. You can make a lot of money in this growing field whether you’re into eating, exercise training, or yoga.
1. Personal Training (Virtual):
Virtual personal training lessons are viral because exercise is becoming more important worldwide. You can make exercise plans for people worldwide from the comfort of your own home.
2. Yoga Classes:
A lot of people are doing yoga again, primarily online. Yoga classes, whether live or through taped sessions, can be a successful business with low start-up costs because they don’t need a lot of room or tools.
3. Diet Consultation:
Offering diet advice can be a very profitable low-cost business idea if you know much about nutrition. You can give customers personalized diet plans to improve their health and way of life while working with them online.
4. Wellness Products Reselling:
The health and wellness business is expanding quickly, and selling essential oils, organic vitamins, or beauty goods is a great way to make extra money. You can reach many people by using social media or online shopping sites.
Marketing Related Low Investment Business Ideas
With the rise of technology, marketing has changed. It’s opening up several low investment business ideas for those with imagination and marketing savvy. Many jobs are available if you want to make content, run digital ads, or manage social media. You don’t need a big start-up fund to make a business successful.
1. Social Media Management:
Since more and more businesses are moving online, brands need to handle their social media accounts. You can help small businesses grow their online profile as an independent social media manager by taking care of their posts and interactions.
2. Content Writing:
Writing content is a service that people want a lot, primarily online. If you have a computer and an internet link, you can give services like writing blogs, SEO content, or copy. Businesses that want to improve their online exposure can hire you to do these things.
3. Affiliate Marketing:
You can make money by promoting goods and getting a cut of the sales through affiliate marketing. It only costs a little to start, and once your network grows, it can generate much idle income.
4. Digital Marketing Consultancy:
Many companies look for professionals to help them with their online marketing to stay ahead of the competition. If you know much about digital marketing, this is a great chance to help businesses do well online by becoming a consultant.
Other Low Investment Business Ideas
There are many other low investment business ideas worth considering in 2024 besides those in the food, education, health, and marketing industries. Entrepreneurs can use their unique skills and hobbies to make these businesses more flexible and creative.
1. Dropshipping:
Dropshipping is a way to run an online store where you sell things without keeping any stock on hand. The product goes straight from the seller to the customer when a customer makes an order.
This business plan looks good because it doesn’t need much money upfront. That’s all you need to make a website and sell things. The initial expense for building and marketing a website can be anywhere from ₹20,000 to ₹50,000.
2. Handmade Crafts:
You can make a business if you’re creative and like making things by hand. For selling jewelry, clothes, or home decor that you made yourself, Etsy, Instagram, and local craft shows are great places to look. You can start this business idea with as little as ₹5,000 to ₹20,000 for promotion and raw materials.
3. Freelance Graphic Designing:
Many people need graphic design services because their websites, social media pages, and marketing efforts need pictures. As a graphic designer, you can make a lot of money by working as a freelancer.
You don’t even need to spend much to start your business. You’ll need a computer, design tools, and maybe even a website to show off your collection.
4. Pet Sitting/Walking:
Pet sitting and dog walking services are very popular because more people have pets but are busy with their lives. This idea for a low-investment business only needs a small amount of money upfront for promotion and basic supplies.
You could work in your neighborhood and help pet owners who need someone to watch their animals during the day or while they’re away.
5. Event Planning:
There are many ways to make money planning events if you are organized and clever. There is always a need for someone to plan and handle the details of events, whether business meetings, weddings, or private parties. The initial payment pays for marketing, supplies, and maybe even renting places to hold the event or use tools.
Conclusion
Sometimes, you don’t need much money to start a business. For aspiring business owners in 2024, the low investment business ideas described in this piece are ideal. They give you a lot of freedom and room to grow.
If you need professional help, Rahul Malodia is a business planner who has helped many businesspeople make their business ideas come true.
Rahul Malodia (Best Business Coach in India) helps and guides you through every step of the process, from knowing market trends to making a good business plan.
By working with him, you can speed up the growth of your business and avoid common problems that new businesses face.
CA Rahul Malodia is the founder and CEO of Malodia Business Coaching Pvt. Ltd. He is a Business Coach, Mentor & Investor. He has trained over 25,000+ Businessmen across India.
