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7 Business Ideas That You Can Pursue With Little Or No Funding

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Most people dream of becoming an entrepreneur, but their dreams are often held back due to a lack of funding. One would think that having great capital is the top-most requirement for enabling entrepreneurs to pursue their ideas but there are a lot of innovative business ideas in the market that is proving just the opposite. Businesses that require little to no funding are indeed a desirable proposition but most entrepreneurs struggle to find the one that fits perfectly with their area of interest. In this article, we are listing Top 7 Business Ideas that any entrepreneur can pursue with little or no funding. Let’s check it below:

Teaching Online

With the use of digital mediums in carrying out our day-to-day activities is at its peak currently, it gives entrepreneurs a great opportunity to pursue their dream of teaching without investing in opening a physical center. You can provide tutoring to students in your expert subject without any capital investment and get high returns. The demand for learning foreign languages is also now more than ever which widens your scope for starting teaching online and has a predictable cash inflow.

Social Media Agency

In this age of digital transformation, businesses are inclining towards having an agency to promote their business on all digital mediums via paid advertising as they provide much more accessible platforms for reaching the target audience. If you have all the related skills, then you can offer digital marketing services to businesses and start your own agency with little to no investment.

Event Planner

Regardless of the current economy of the world, weddings are always going to be a constant affair. The wedding market is constantly growing at a rate of 20% each year with the ongoing trend of having Instagram-worthy weddings. Event management can never go out of fashion and if you have a knack for something similar, you can try your luck in an industry that requires no investment to pursue.

Blogger/Vlogger/YouTuber

In the era where we are more on the internet and less living the reality, it makes sense to put yourself out there and leverage these times for your own good. You can start using online mediums to showcase your talents, skills, knowledge, and experience on certain things and get famous on the internet. You can start your own blog on the website or start a video channel for the same, this promising career choice guarantees a constant income flow after some patience.

Tailoring

If you are interested in the fashion industry and struggling to have the capital investment to open a boutique, you can always start small. Try your hands-on tailoring by working at your home and grow your business from there. This idea can be pursued only with a sewing machine and a little sense of fashion, which makes it ideal for housewives who are looking to break out in the entrepreneurial world as well.

Selling Handmade Items 

Another amazing idea for housewives who want to start a small business without investing much. You can start selling a variety of handmade items that you consider your bestsellers. It could be related to cooked items, candles, gift items, artistic items, home decor items, handmade jewelry, soaps, etc. This million-dollar idea could never fail to perform.

Affiliate Marketing

Affiliate Marketing being the oldest aspect of digital marketing is one of the most profitable ways to earn money with digital mediums. It is just a simple activity of referring an online product to people and receiving a commission on the same. Many eCommerce platforms including Amazon offers affiliate marketing and if this is something that interests you, then it’s worth giving a chance to. There are many lucrative ideas present in the market that requires very low investment and offers significantly higher returns. Sometimes, in entrepreneurship, you have to create your own opportunity, and the ideas mentioned above can give you a chance to do so.

Sejal is a Pageant Winner, a Business Graduate, Co-founder & Chief Operating Officer of a leading marketing and branding agency Sunshy Digital Media, Co-founder and CEO of a social startup Sunshy Jewels, Co-founder and COO of a social media growth company Realstagram and Co-founder and CMO of a retail fashion store High Street all at the age of 21.

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