This article will bring you to the list of the most profitable businesses with low startup costs in 2018. Insider Monkey has recently published an interesting article about it giving you some advice. 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.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the most profitable businesses with low startup costs in 2018 from their list.
The first one is 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. The second idea is a Bike service. Bike commuting is increasing day by day. That’s why you can see more and more people who are biking to work instead of driving. The health benefits of cycling are well-known, and it is why opening a bike repair shop can be a good small business opportunity. The last one for today should be Translation services. Nowadays, every small business has a potential to grow into a big one, and growing big sometimes means going global. Thus a global-minded businessman should speak multiple languages. However, that’s not always the case, and it is when an online translation service is a necessity. So, if you are fluent in a foreign language, you can open a translation agency and hire some people who can help you.
For any further useful information, read Insider Monkey’s article about 15 most profitable businesses with low startup costs in 2018.