If you are thinking about starting a new business, we guarantee you are going to be thrilled after reading our today’s list of most profitable businesses with low startup costs in 2018.
As a ‘newbie’ in the business world, the first thing you need to do is to get a proper business plan. Also, you are probably thinking of starting slow, and small, right? Moreover, a list of top 10 small business ideas would definitely come in handy right now. That’s why we decided to compile a list of, not only 10, but 15 low investment high profit business ideas. Some of them are small business ideas, and some definitely have a potential to grow big.
So, did you know that some of the best, most profitable businesses besides those product-based, are service-based businesses? Some of them are also the best businesses to start with little money since you don’t need significant capital investment in raw materials in order to start one – great news for all entrepreneurs out there who can’t afford a lot of money for a startup, right? Since we already covered the business ideas with low investment in 10 Most Profitable Businesses You Could Start with Little Money, we decided to update the list a little bit because most of these business ideas are closely connected to the internet, and internet market is changing on a daily basis, thus offering new business opportunities. We are all familiar with work-from-home-jobs, right? That’s why you’ll just love small profitable business ideas from home which we also included in our today’s list because you get to work from wherever and whenever you want.
However, you should know that one of the easiest ways to start a business is to buy a franchise. Of course, in this case, you’re probably going to need a bit more money than you would need for starting one of the business on the list below. It all depends on how much money you are ready to invest. Nevertheless, here are the best franchises to own under 50K in 2017.
In order to compile a list of most profitable businesses with low startup costs in 2018, we have checked websites such as Entrepreneur and Forbes for some hot new business ideas, as well as U.S. Small Business Administration’s article on how to start a business. We also took into account the Inc.’s list of of most profitable small business industries. We intentionally based our methodology on resources from the last few years, because our idea was to check out the major trends that are likely to impact businesses in 2018. Finally, we singled out top 15 most mentioned and most profitable businesses with low startup costs.
So, without further ado, let’s check out the list.
15. Furniture store
When it comes to interior decorating, the starting point is quality furniture. We all know how a new piece of furniture can enlighten a living room. So, people are buying it not just because they need it, but also to make their lives brighter. So, the bottom line is: the furniture will never go out of fashion. So, to open up a furniture store, you have to find a perfect location and a good carpenter to make furniture for you, in case you are not familiar with it. Also, you can sell used and antique furniture.