Low-cost but high-profit Business Ideas!

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There is a stigma that when wanting to start a business you need to have lots of money. 

We want to show that this isn’t the case. There are plenty of opportunities a person can begin if they have the relevant skills and motivation!

Here are just a few ideas of how you can start your journey as an entrepreneur without spending a lot to start up but the business still being highly profitable.

Lend your skills

Be a marketing assistant-

Start your own marketing agency! Lend your marketing skills to companies.

This does not necessarily mean you need a degree in marketing.

Someone with high knowledge of the online community and social media is fit for this role as well. For starters, you can just begin by offering to organise and produce content for social media platforms.

Social media is such a huge part of today’s marketing and is a must for all businesses! 

Get the ulimate guide to start a business

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Become a business consultant-

This is a great one for anyone who has previously worked in managerial roles and wants to move on to being self-employed. 

Your experience allows you to transfer onto other businesses as such whether that just be for helping other managers learn new strategies etc.

On the other hand, this is also great for people who have been an entrepreneur before.

There are plenty of businesses out there starting up needing experienced advice on how to begin, how to finance properly plus much more. 

Lastly, someone with a business degree is also at an advantage for this as they can consult businesses too!

Event management-

Find that you are someone great at organising and who loves to plan?  Become an event manager!

There are plenty of occasions that people want to plan massive events for but won’t have the time, this is where an event manager is needed.

Virtual assistant-

Due to the rise of online businesses, there is now a rise in the need for virtual assistants.

A virtual assistant is very similar to a personal assistant. The main difference is that a VA works remotely.

Some of the job roles of a VA are:

  • Transcription
  • Inbox / diary management
  • Looking after social media channels

There are plenty more that come along with the role. 

Sell a service

Advance your existing skills to generate a business around you.

These business ideas require nothing but skill and general equipment:

  • Cleaning 
  • Gardening
  • Babysitting/Nanny
  • Dog walking
  • Window cleaning

The list goes on.

These are jobs that people do on a daily, it’s a trade that is easily profitable as you already know there will be a market for it.

It’s a good idea for those in this industry to have a good and reliable booking system in place! Ensuring that you are organised and customers have an easy experience booking.

Selling goods

Etsy is a great place to sell handmade goods. It’s free to open up your own store online, there is a small fee for each item you list for sale.

Here are just a few ideas on what you can do on Etsy:

  • Candles
  • Personalised gifts
  • Jewellery 
  • Chocolates
  • Crafts
  • Prints and photos

All of these types of products only need to be made once but can be sold as many times as you want!

Homemade goodies

One thing that lockdown has taught us is that buying sweets and baked goods have never become so easy.

Turn your hobby of baking into a business. Instagram has proven to be a great platform for selling baked goods. Even packaging up all sorts of sweets together and selling them has become popular! 

Got a business idea but unsure where to start? Join our Eureka Programme and get the guidance you need to start up!

On Eureka, you will develop your enterprising skills and look at how you can prepare for self-employment!

Visit The Eureka Programme to see whether this is the one for you! Or call 01642061062 for more information.


Get the ulimate guide to start a business

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