Best Low Cost Business Ideas For 2019

We know how tricky a business ideas can be if not executed perfectly. Firstly, starting and executing a offline business model can sometimes proves to be quite exhausting.Secondly, it consumes major portion of your time.

Moreover, the capital cost is not considered yet. Scrutinizing all these aspects we came up with our list of low cost online business ideas that you can look forward to from now onwards.

Do read our article: How personal finance can make you rich

We want our readers undivided attention for next few minutes, so that they can get huge value from this and can be magnanimously successful in their new journey.
Note: These business ideas are recommended for those who wants to be financially independent, are glaringly ambitious and wants to be a difference in this world. Not taking much of your precious time, lets start.

AFFILIATE MARKETING

Affiliate marketing: business ideas

In simple terms, Affiliate marketing is process of promoting other companies product on any of social media handle or whichever creative and unique way possible and getting a share of profit from that products(commission rates decided by both parties), whenever a customer buys through your program. Its simple, easy and carries tremendous potential in long run.

PROS
1. Low cost business model.
2. Scalable(entirely depends on your time and effort).
3. No Expertise Needed.
4.Billion-dollar Business.

CONS
1. You Don’t Control Affiliate Marketing Programs.
2. No Guarantee of Revenue.
Affiliate Apprentice – Losing money.
Low Level Affiliate – Anywhere from $0/day up to $300/day.
Intermediate Affiliate – Anywhere from $300/day up to $3,000/day.
High Level Affiliate – Anything above $3,000/day.

5 pillars of marketing success

INSTAGRAM INFLUENCER

instagram influencers: business ideas

Influencers are instagram users who have an established credibility and audience, who can persuade others by virtue of their trustworthiness and authenticity.

In simple terms, they post the product of a company who approched them on their instagram profile and getting paid for it by company on daily basis.


The growth of this business model is on surge rise and backing up of facebook to instagram is other key thing to remember which cannot be condone with.

Must read: The secret to achieve more with less 80/20 principle

PROS
1. Earnings can range from $5/day to $25k/day(It all depends on your skills and page followers.
2. Low investment needed.
3. Not consume much of your time.
4. Not technical expertise needed.

CONS
1. It takes time to built a credible follower base.
2. Need patience and consistency.
Scrutinizing the pros and cons, we believe instagram influencer is growing business.Yes its true it will take time and wear you off but in long run, it serves as a cow which provides milk daily.

DROPSHIPPING

Drop shipping Business ideas

Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells. Instead, when a STORE GETS PRODUCT ORDER, it then purchases the item from a third party and has it shipped directly to the customer. As a result, the store owner never sees or handles the product.

The upper hand in this type of business model is that the site/store owner does not have to hold inventory thus minimizing the risk and capital expenses. Starting from $100 a month a dropshipper can built a six figure store, it all depends on your skills and smartwork.


A regular guy can easily launch a dropshipping store with the help of website building websites such as shopify,wix,wordpress etc. Moreover, with their expertise and help you can earn a fortune of money.

Visit http://www.shopify.com  for further details

PROS
1. Low investment
2. Easy to setup
3.Low overhead
4. Easy to scale
5. Flexible location

CONS
1. Low margins(depends on person to person)
2. Some minor complexities to dealt with
3. Supplier issues

To conclude with, we believe this business idea will be worth your time and skills. We recommend our readers to start as par timer and steadily scale it as business grows.
Note: You should have a second source of income before running this business.

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We hope you enjoyed our list of these amazing low cost business ideas and also you have certain queries regarding this post. Just ask in comment section down below, we try to reply as fast as possible. Share this with your friends to associate with them for new venture in your life.
THANK YOU

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