Top-15 New Business Ideas for Beginners

Many employees that work 9-5 or the young students are passionate about starting their business and have great business ideas and thoughts. There are massive opportunities in different fields and sectors in this new world of the internet and digitalisation. This article will help beginners learn about the best business ideas with low investment and huge profit potential.

Here are some of the best business ideas for beginners with low investment:

1. Digital Marketing Agency

These days most people prefer digital marketing over traditional marketing for their businesses. Many students and working professionals are learning digital marketing to achieve growth in the online marketing profession. Starting a digital marketing agency and providing search engine optimisation and social media marketing services is a great way to make a good profit as a beginner.

It is crucial to have good knowledge of creating ads, website optimisation, analytical tools, etc., to start a digital marketing agency.

2. Organic fruits and vegetable business

Nowadays, many people are becoming more health-conscious and avoiding the consumption of unhealthy foods. The need for organic fruits and vegetables is increasing, and thus it is one of the best low investment business ideas for beginners. Fruits and vegetables are daily consuming foods, and the profit in this business is good.

You can also start an online organic fruits and vegetable business and operate a business from home.  

3. Web Designing service

Websites are essential for businesses to improve brand awareness and online reputation. It is crucial to have a well-designed website with a good theme and proper alignments. Website designed by the professionals for every device and screen size enhances the user experience of the visitor. Website designing service is in high demand as everyone wants a professional website for their business.

To start a web designing business, you should have good web designing skills to learn from institutes or free video-sharing platforms.

4. Photography

The craze of social media and becoming famous online has increased the demand for photographers. Social media influencers and models hire photographers for good quality photos and videos. Many companies hire photographers for product photography and images for marketing as well. There is a massive opportunity for talented photographers, as every company and individual wants real quality images for online posts.

To become a photographer, you need to have intermediate to advanced photography skills and a decent DSLR camera.

5. Blogging

Blogging is another excellent business with almost zero investment that can generate high passive income. These days people like to read and research before buying anything or making any decision. If you have a good knowledge of particular or multiple domains such as health, fashion, grooming, etc., you can become a full-time blogger. You can also start your review blog and write your experience and specifications of the products.

Bloggers usually earn by monetising their websites for showing ads. Affiliate marketing is another way to make a profit by recommending products and providing links. In the blogging business, the initial stage is crucial and requires patience and consistency.

6. Online Coaching classes

The education industry in India is excellent and growing at a reasonable rate. You can start a coaching class business and help school or college students understand a particular subject's concepts and prepare for exams. This business requires little investment, and there is a massive opportunity for tutors to earn a good income from it. Offering good teaching with affordable fees is good for competing with other coaching classes.

7. Content writing service

It is essential to have good content on the website and social media platforms to improve a marketing strategy and compete in a particular industry. Content writers are in high demand and getting enough money working remotely. A writer can choose to write for a specific genre and niche. You can choose to write blogs, articles, copies, scripts, social media content, etc.

Beginners can learn content writing from the free videos or articles available on the internet or some reputed institutes.

8. Video editing

The internet's growth has created multiple new jobs and careers, and video editing is one. People have realised the importance of online presence and started uploading videos on social media frequently. It has created a demand for video editors with good skills and knowledge of editing software.

You can learn video editing online and practice daily to become a skilful video editor. As a beginner, you can earn a decent amount of income. You can also hire video editors to offer professional video editing services.

9. Translation service

A translation service business is another new business with many potentials to earn a good amount of money. As the name suggests, you have to translate the text or audio file into a particular language such as English to Hindi, English to Marathi, etc. To start this business, you need to have a good command of multiple languages.

There are many online platforms from which you can get regular projects and assignments for translation. This business does not require any investment, and it can be done remotely.

10. Transcription service

A transcribed or a captioner listens to the audio or video file and makes a text according to the speech. These files are mainly used as captions or subtitles for a video. It is one of the easiest jobs where you have to type whatever you listen to. The success of OTT platforms, podcasts, youtube videos has increased the demand for transcribers.

To become a successful transcriber, you need to have good listening skills and understand the accent of a particular language or region.

11. Graphics designing

The graphics design business includes multiple tasks, including logo creation, photo editing, online ads creation, etc. There is a good demand for graphic designers in the digital marketing and advertising industry. As a graphics designer, you need to know some photo editing software and tools that can be quickly learned online or from any institute.

You can hire a talented graphics designer and design services to advertise and marketing agencies or individual clients.

12. Youtube video creator

Many people take youtube as just a hobby and disregard the idea of taking YouTube as a full-time career. However, there is a massive demand for YouTube video creators from big brands and marketing agencies. You can choose a particular niche and start creating videos. It can be a product review, unboxing, or personal vlog. It is a great way to earn passive income.

YouTubers earn from the ad networks through affiliate marketing and brand promotion. You can target a specific audience and earn from brand promotion by providing affiliate links and recommending products for that target audience.

13. Social media influencer

Becoming a social media influence is another new business that has a massive opportunity. People with knowledge of a particular niche can provide value and information through posting short videos or images on social media platforms. Many companies and businesses are preferring influencer marketing to reach a specific target audience.

With their excellent number of followers, social media influencers help businesses improve their brand awareness and reach. This business has immense competition, but you can achieve your goals and success in this field with good guidance and creativity.

14. Mobile App developer

Application developing business is another excellent business for beginners. To become a mobile app developer, you need to learn a specific programming language. You can work as a freelancer app developed or hire some skilled mobile app developers to start your business.

15. Dropshipping

Drop shopping is the most popular business idea among beginners and young students. In this business, you run an e-commerce website where a third party provides the delivery and other after-sale services to the customer. There are many online dropshipping platforms you can check and start this business with little investment.

Conclusion

It is crucial to have some knowledge of the market and competitors before starting any business. As a beginner, it is crucial to have adequate money saved for a few months for financial safety. You should have all the required licenses and documents to start a particular business. Research more, invest smartly and work passionately to achieve your desired goals and dreams.

Also read:

1) Online Business Ideas You Can Start Quickly
2) What online business can I do to make money? Here are the top-6 ideas for you.
3) Where Do the Best Business Ideas Come From?
4) Best Home Business Ideas in 2020
5) OkCredit: All you need to know about OkCredit & how it works.

FAQs

Q. What are some of the best funding sources for startups?

Ans. Angel investors, Venture capitals, Bank loans, Crowdfunding.

Q. Do I need a lawyer for my small business or startup?

Ans. No. To start a business, you don't need a lawyer.

Q. Is it mandatory to have a license for a business?

Ans. Yes. Most of the business requires a license and other mandatory documents to start a business.

Q. What are some of the critical insurance for the business?

Ans. General liability insurance, product liability insurance, professional liability insurance.