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E-Commerce Business Ideas to start with minimal investment
by Praveen K
22 Jun 2020
Many of you must have thought of starting a business and put it aside due to the high costs involved in inventory, retail space, and warehousing. What if there is an option to set up your own business with very low investment? Well, let us take a look at some of them here
1.Start out with a drop shipper
The toughest part of running a business is your investment and maintaining your inventory, with the dropshipping model all you have to do is create a demand for the product and sell it online. We just have to concentrate on the marketing aspects, quality of the product
and customer satisfaction.
Here we can source products from different suppliers across locations and theme them according to the niche and also this model is a low-cost one which can help business owners to test whether the product-market fit before starting with your own original products. But make sure to always order a sample from your supplier for yourselves to be assured of the quality and to sell them to your customers without any doubts on lack of quality giving the right e-commerce solution for your business
2.Start your own business of printed t-shirts, posters
Another low investment option is the print on demand business of t-shirts, posters, etc. It is very close to the dropshipping model with the only difference being you will have to put your creativity into play to customize the products with designs. It has much potential as you can use your creativity to customize and sell a wide range of products including T-shirts, hats, phone cases, hoodies, skirts, tote bags, etc
You can also find designers from websites like Fivver, Upwork, Dribble, or 99 Designs if you are not a designer yourself.
Make your own posters, framed wall arts, or greeting cards if you are artistically talented like a cartoonist or a photographer. You can especially try this business if you have a good online following. You can use digital templates and mockup generators like Place. It to exhibit your products
3.Turn your talent into a digital product
Create your own digital product and market it online. It is a very cost-effective way to set up your own business as there is no manufacturing or inventory cost involved and therefore the margin of profits is also high. The only thing you need to do is figure out what will make a good digital product which will urge people to buy through download. It can be anything that people are on the lookout for like instrument beats, stock photos, templates to help them increase their skills in a particular field
4.An online fashion boutique shop
If you are someone passionate about fashion then you can definitely think of starting an online fashion boutique. You don’t need to be a fashion designer for this as you can just collect the trending fashion from other vendors and display it in your store(Dropshipper model).
It is also very easy to launch your own store online. All you need to do is to choose an e-commerce softwaresuits your requirements
5.Sell homemade handicraft itemS
If you have an interest in making things on your own like Earrings, Flower wase, Decorative wall hangings then you are at an advantage. You can start out in a small scale manner online and then scale up once you start getting more business. The only thing you need to take care of is regarding any regulations in your product category particularly with products that consumers eat, inhale or apply to their skin.
6.Concentrate on an audience that you can monetize in different ways
Todays world is very connected and therefore you can utilize this to make your business receive revenue from many sources. Using a combination of different social media channels you can grow your business by focusing on
Selling physical or digital products by ideas mentioned before.
To wrap up
Now is the easiest time for starting a business as you need not worry at all about sourcing products, renting space, and tackling your inventory.
These are some very easy ideas that require very low investment to start your business effortlessly. If you planning to start a business and are away from it only because of financial constraints then the above mentioned online businesses are a good bet
So what are you waiting for, select your niche, and dive in today itself to realize your dream of starting an online business of your own and generate money with minimum investment.