Unique Business Ideas for 2020 with Zero or no Investments

If you want to start a business but don’t want to invest funds now, then you have put some extra effort towards finding a special type of business plan . Guess what! Today is your lucky day – here I am going to talk about some unique and profitable business ideas where you don’t have to invest money initially or may need very little money which you may happily afford.

Generally, these small business ideas will give you diverse options to cover in the business or service industry. If you have some specialized skills in a specific subject then you should consider these below-given ideas to improve your own business.

1. A personal or virtual assistant

You may start this home-based business any time, you just need a desktop computer, or laptop, or a smartphone with few important office apps. 

You will also require an internet connection and a fixed phone number to receive calls. Initiating virtual assistant business may include services such as checking and answering emails, organizing daily appointments and to-do lists, updating schedules by interacting with clients. 

Few tasks you may need to do as a virtual assistant may include:

  • Calendar management
  • Email management
  • Travel arrangements
  • Social media promotion
  • Receiving calls
  • Audio/video editing

This service industry is getting popular day by day, as it requires minimum investment and the pay is good. Most of us have a computer and smartphone, so starting such a service is easy. 

The biggest benefit of this business is you don’t have to go anywhere to get your jobs are done, which gives you a lot more freedom. If you want to find potential clients, use websites like Upwork.com and you may choose suitable clients, preferable work hours, and your hourly, daily, or monthly pay rate. But, those websites might require a subscription to find clients for you, so it is up to you if you want to get their service or not.

2. Affiliate marketing

Affiliate marketing is quite popular these days as a small business. It includes promotional work for the products & services of other companies & websites via the world wide web. You’ll be doing the promotional work for others, and for each sale generated through you, you will earn a certain commission. 

Affiliate marketing is one of the easiest and profitable businesses to promote ones’ products and services on the internet. The best thing about this business is you don’t need your product to sell, or a big establishment to start the business. 

You need a personal computer and internet connection. Everything else you can do online to make money by selling other products.

If you own any website that you have maintained for a long time, it could be your advantage as you can use it for promoting other websites or products from other companies. You may use social media platforms such as Facebook, Instagram, Youtube, Pinterest, Twitter, etc for affiliate marketing.

To become a successful affiliate marketer, you should focus on:

  • Having your website or blog
  • Maintaining your visitor statistics as proof (for clients)
  • Create profiles on social media platforms, and also on Linkedin

3. Freelance secretarial services

This is a similar concept like virtual assisting. You may provide remote secretarial services to professionals or an organization, with little to no experience. But you need some special sort of skills to get the job. They are as follows:

  • A high level of autonomy
  • Good communication skills
  • Strong organizational skills
  • Good time management

Being a freelancing secretary you may have to perform

  • Organizing calendars and handle schedules
  • Replying to emails, and forward important documents
  • Booking meetings and appointments
  • Putting together presentations
  • Answering phone calls and deal with vendors

 4. Dropshipping and selling products online

Dropshipping practically meant getting products in bulk from suppliers at lower prices and selling them to third parties or the end-user at higher prices. If you have the talent to negotiate with the vendors and stock products at lower prices, then you may start this business by reselling those products at third-party websites like Amazon, eBay, AliExpress.

To become successful in this dropshipping business, there are certain skills that you need to develop. You must work on market demand reviewing and identify products in high demand. Then you need to make contacts with the vendors who can supply you those products at discounted prices. For that, you need to research high-selling products that are on-demand on the leading e-commerce sites. This way you may assume the current trend. Once you stock the product, contact online e-commerce websites and retail sellers who can buy that product at a higher price. If you have a website, you may also sell or market your products there. This is one of the best ways to promote small businesses and make a profit

5. Content developing

You may start a content developing business if you are good with content writing such as good writing skills and knowledge about grammar. You may also work as a mentor and contact a group of good content writers, who can deliver high-quality content to your customers. This is one of the most creative and profitable ways of money-making that need very less start-up capital to initiate. 

Improving business will be easier if you also follow the tips on self-improvement. So, you also learn different, new techniques of content writing and improve yourself.

6. Electronics repairing

If you have knowledge about electronic devices and know multiple hacks to repair them, you can think of starting this business. 

You need some specific tools for repairing work. This type of business has great opportunities in the future. You may offer multiple device repairing services such as Computers, smartphones, cameras, Speakers and musical equipment, gaming devices like PS4 OR Xbox one, TVs, small gadgets, etc.

7. Graphic designing works 

You can start your own graphic designing business and deliver services to multiple IT companies. Starting from designing banners, posters, logos to designing web pages, you have much to discover. 

You may promote your design skills to small business owners or individuals. Being a promising graphic designer you have the option to join freelance websites to find suitable projects.

8. Mobile app making

The mobile app making business has flourished rapidly and has a huge potential with lots of opportunities. 2.5 billion active Android users are using different apps as per their choice. 

Today, the downloading rate of the mobile app is 30 million per day. 

So, if you have the knowledge of developing apps and you have some unique ideas in your mind, you should go for this business.

9. Interior designing

Interior design and home decorating services are quite essential to both homeowners and business owners. You must get a degree or certification before starting this business. To become a good interior designer you must know about the different functions of a home or office. 

You must also need to understand your client’s demand to optimize the space with good designs and decorations.

Guest Post: About the Author

Patricia Sanders is a professional content developer. She specializes in the financial niche and is well known for her unique financial tips that can be very effective. She always tries to help people, suffering from financial hardships, through her writing. Her continuous effort has earned her recognition and honor in the financial blogging industry. Besides writing, she loves to travel and gather information on various financial topics.