The year 2020 has brought severe turmoil and tension to the global economy, the COVID-19 pandemic being the biggest challenge. Countries have had to implement lockdown measures to contain the disease. Starting a new business won’t be the same as earlier. Hence, following the right steps and working on the best small business ideas can help you establish your own business with little investment.
The dynamics of business have changed. New business trends in 2022 have come up and some existing ones have gained traction. This post focuses on the trends in the world of top small business ideas. An exciting feature of the top 5 low investment small business ideas of 2022 discussed below is that even beginners can try them and that too with small investments.
Top 5 Low Investment Small Business Ideas to Start in 2022
There are over 4 billion internet users in the world, and 6 out of 10 small businesses have a website to serve these users. According to statistics, 73% of online businesses earn over $50,000 per year. Hence, most of the new business ideas in this post are online-oriented. If you want to start your own business in India and be your own boss, now is the time.
1. Bookkeeping
First on the list is Bookkeeping as it is the best small business idea in India. Not every job requires you to be on-site. There is certain accounting software that can help you perform remotely online without any hassle. Bookkeeping is one such example. If you know how to work with software like QuickBooks, accounting software, or bookkeeping software, you can do online bookkeeping for someone.
To start a Bookkeeping business, you need to have a strong foundation in the basics of income, outgoings, etc., you also need good networking skills. You can make a solid income through online bookkeeping. Several such services can also be rendered through virtual assistance.
(Also, read 4 Free Bookkeeping Software for Business)
2. Freelancing
Freelancing has always been considered a successful small business idea. Many people value. Freelancing over a day job. Be it side income or more than that, you can achieve a lot as a reputed freelancer.
To get into freelancing you can sell your services at Fiverr.com and Freelancer.com. It is also the in India as you can do voice-overs, translations, transcribe people’s text, content writing, logo designing, or even programming. This can be the best small business but it is all about finding a match with the perfect client.
Established freelancers earn hundreds of dollars in a day’s work as it is a low-cost business idea with high profit. Working from anywhere and on your own timeline is another perk of freelancing makes it one of the best business ideas. So freelancing is a tried-and-tested approach to starting a small business and making it big someday. This is a low investment idea where you can follow your passion and make money out of it.
Also, read Top Freelancing Sites
3. Reviewing Products
Product review is an easy-to-start business that can be started online with minimal investment. People like to read and watch reviews before buying products. Leverage this demand to build a small business around reviewing products, this is currently a trending business idea. Has a new product been launched? Procure it and upload a video on YouTube to share your review.
This is one of the most successful small business ideas as it allows you to make tutorials on the features and functionalities of devices and other products. There are many out there who purchase fancy gadgets on a whim only to not use them to the fullest. Act as their saviour through your reviews! It is one of the best business ideas for women, as many homemakers can review beauty products or clothes from different websites.
4. Affiliate Marketing
Consider the following example to understand affiliate marketing. You review a newly launched camera, make a video of your review, and upload it on YouTube. You also add links in the video description. These links are special because if anyone goes to Amazon by clicking on them and buys the camera from there, you’ll get a certain commission from the purchase.
This is why reviewers provide a plethora of links. It is also one of the best low investment small business ideas in India. Affiliate marketing is considered one of the most successful businesses to start. If you are interested in affiliate marketing, do check out the Amazon associate program and Shopify affiliate program.
5. Graphic Designing
Graphic designing is the best business to start in 2022 as the content only sells when it’s attractive. Logos are effective only when they are pleasing to the eye; hence, there is an everlasting need for a graphic designer. It is an upcoming small business idea in India as many startups require a graphic designer to help make their websites creative.
Also, Read Graphic Designing Software for Designers
If you have a knack for photo editing or designing, then graphic designing is the best business to start with. This sector is booming at the moment and is like the hotshot you can undertake this year. Just visit freelancing platforms like Fiverr and Upwork to see the global demand for designing. The pay for this business idea 2022 is mind-blowing and you get to build a nice clientele list.
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