The COVID-19 pandemic delivered financial blows to countless households. A lot of people lost their jobs, and many experienced a loss of income as a result of salary cuts. If you’re one of those people that found themselves in a financial crisis or you just need an additional stream of income, have you considered starting your own business from home?
Entrepreneurship allows you to have a flexible schedule, autonomy, and a career that aligns with your vision. The work you do will feel more rewarding and less restrictive because you set the pace.
If you’ve been toying with the idea of starting a business but don’t quite know where to start or what industry you should pursue, you’ve clicked on the right place because we have ten low investment business ideas to get you started.
List of Business Ideas
The point of departure when choosing the business to venture into should always be to assess your specific skill sets. What are you good at? And what do you enjoy doing even if you weren’t getting paid to do it? If you naturally enjoy doing a certain activity like drawing or writing, it will make your small business journey easier because you won’t be venturing too far from your skillset or into an industry that you know nothing about.
Here are ten easy business ideas that you can start from your home today:
- Reseller web hosting
Start your own reseller business from home. The reseller web hosting business involves renting and reselling your allotted bandwidth and hard drive space to offer web hosting services to your own customers. 1-grid offers comprehensive Reseller Packages at different price-points. You can use our resources to start your own 3rd party web hosting business for your clients at a profit. The best part is that you can start small and scale as your business grows.
2. Online tutoring
Try your hand at tutoring children or people online. The rise of online learning has opened new possibilities, and you can teach virtually anywhere in the world from the comfort of your home. You need a strong internet connection for this type of business and proven expertise in the field that you are venturing to teach in. Find an online learning platform and get started. Or if you already have your first customers in mind, tutor independently.
3. Freelance content writing
If you have a knack for words and are a wordsmith by profession, try your hand at freelance content writing. The beauty of being a freelance content writer is that you have the power to make as much money as you want. Plus, you can work whenever and wherever. To get started, create an online portfolio. Register a domain and get your portfolio website off the ground as soon as possible to showcase your work to potential clients. You can also register on freelance sites like UpWork to access more clients and obtain more jobs.
4. Affiliate marketing
Affiliate marketing means the affiliate (you) markets a brand or product on their website, and in return, you get a portion of the money that your affiliate link generates. The brand supplies you with a unique affiliate link or code, and you share it with your audience. When your customers use the link or code, you get your agreed-upon payment. Affiliate marketing is perfect for people with platforms like blogs, YouTube channels, and a substantial following on social media.
There is a lot of money to be made in blogging. The first step is to have a high-quality website with substantial visitor stats and leverage that to make money from your blog. You can earn money from Google AdSense, sell blog real-estate in the form of sponsored posts, and also write for bigger platforms.
6. Start an online store
Sell a product on your own e-commerce platform. Start your own e-commerce business by finding a gap in the market and identifying what you can leverage to set yourself apart from the competition. You can build your own online store and go live in just under ten minutes – once you’ve identified your product, it’s THAT easy.
7. Start a YouTube channel
YouTube has ample opportunities in the South African landscape for content creators. All you have to do is find your niche – start by identifying what you are passionate about and also find a way to differentiate yourself from the next creator. It might be a while before you start seeing a return from YouTube, but the veterans say that you need to be consistent, deliver compelling content for your audience and be as authentic as possible.
8. Web design
Website design in South Africa can be a very lucrative career path. You need to have an eye for design, be brand-oriented. A keen interest in the user journey and responsive design will also help take your web designs to the next level. You can start your web design company from your house.
9. childcare business
With the right experience and qualifications, you can offer afterschool services or weekend babysitting when parents need a day or a couple of hours off. If you love children and are a very patient individual, childcare is the perfect way to make some extra money.
10. House or pet sitting
If you love animals, then consider offering your house and pet-sitting services for a fee. You can house sit when people are out of town or walk and feed people’s dogs during the day when they are at work.
Starting a business can be intimidating but, the best advice is to start small with what you have and where you are. Then, you can scale as your business grows. Every successful business starts with a simple idea – keep it simple and start working towards your goal today.