Some of the world’s most successful entrepreneurs like Bill Gates, Mark Zuckerberg, and Elon Musk may hold the possibility of building pyramids out of notes, but none of them started at the top of the ladder. Facebook was created out of a Harvard dorm room at minimal cost and Microsoft was formed two years after Gates decided to drop out of college.
The remarkable stories provide an important lesson for all those wishing to embark on a similar journey – that a single great idea is the most important step to creating a game-changing small business. And sometimes, if you plan it well, these ideas can build you a company at the lowest initial-costs while getting you the highest possible returns.
YouTube is an amazing way to showcase your talent, it is a hotspot for creative and talented individuals looking for great returns with little monetary investment. YouTube allows its users to create independent channels and upload their videos for free, and once you get enough views and subscriptions, it even pays you. YouTube is an amazing website for you to show the world of your skills, there are a number of organizations that have become huge, just because of YouTube.
Venturing into the food industry is almost always a profitable move. We Indians love food and tiffin centers have been on rise in the recent times.Food trucks are being used as they have built in kitchens; this makes moving to different areas easy. There are thousands of people eating tiffin’s every single day, whether be it morning or evening.
Assuming that you intend to take up professional photography, you may already be in possession of a high-definition camera. Without taking the latter’s cost into consideration, as an aspiring photographer looking to take on independent projects, the only investment you need to make is your time in building your portfolio of amazing pictures, once you make it as a professional photographer, there’s a lot of money in this field, from weddings to events, you can charge quite a high amount and people will be ready to pay.
Ghostwriting may not be recommended as a primary profession, but it definitely ranks as high as any of its counterparts, considering the standard amount that a prospective client is willing to pay for a story to be written anonymously is quite good. One of the best ways to make clients reach out to you is through recommendations, be it online or in person, and your only investment, after accepting the project, is your time. This is extremely lucrative since clients usually offer exorbitant amounts as compensation for writing their story for them.
Event managers barely spend any time in the office. They are extremely good at networking and managing, checking out the hundreds of venues, meeting sponsors, scheduling performances, and basically being on the field 24/7. On that basis, their demand revolves around their brand image and popularity, which can be built with a good online marketing strategy. However, the overall startup cost for building this brand is minimal, if at all priced, and once you get a name for yourself, you’ll start getting huge events with huge profits.
Tea is something which everyone drinks, it is especially popular in India, While the tea-industry as a whole has done exceptionally well over the decades, the smaller tea stall owners have definitely been reaping the benefits of their overall success. All you need is a basic budget for renting a small room or stall for space, the only other investment you need to make is on buying tea from the manufacturers and purchasing makeshift benches and tables.
Social media strategist
Social media is the best way to promote anything. Corporates, startups, and personal channels have all realized this and work to increase their presence on it. While most of the bigger companies (especially in the media) now have a social media team to handle this aspect, the smaller ones reach out to stand-alone social media strategists. The only investment that you, as someone looking to build a brand in this line, should be making is improving your online presence by advertising on platforms like Facebook and LinkedIn and spending a basic amount on maintaining your website, to ensure that it ranks higher in the search engine pages.
Mobile Recharge Shop
Even with the growth of online recharge, in India, most mobile-users prefer visiting a recharge shop to fill their balance. So those looking to practice this business can start by renting a space in a small local shop. This rent will be the primary (monthly) expenditure. You also need to form ties with the network providers of the area, such as Airtel, Vodafone, Idea, etc., and pen down their commission rates, where they will receive a cut of your profits from the sale of the commodities taken from them. Overall you can start this business below Rs. 10,000.