Are There Business That Doesn't Need Much Funding?

[moonchild]

There are many small businesses that don't require significant amounts of funding to get started or to operate. In fact, some of the most successful businesses were started with very little money back in the days.

One type of business that doesn't require much funding is a service-based business. for example, if you have a skill or expertise in a particular area, you can offer your services as a freelancer, or contractor. these types of businesses often have low overhead costs and can be started with just a laptop and an internet connection, so that is one.

Another type of business that doesn't require much funding is an online business. with the rise of e-commerce and online marketplaces, it's never been easier to start an online business with minimal investment. for example, you can start a blog or create a YouTube channel, or sell products on platforms like Jiji or Amazon.

And some businesses can be started by leveraging existing resources. let me give you an example, if you have a spare room in your home, you can start a bed and breakfast or Airbnb rental business. If you have a car, you can start a ride-sharing or delivery service like Uber or doordash.

 

[Kwinto]

You're quite right, e-commerce (and dropshipping as a sub-niche for e-commerce) can be a great way to make money online (and you can grow it to a semi-passive income or just turn it into a business). It's not that hard to start it, and it does not require tons of money. Of course, it's not easy, but if you treat it like a business, everything is possible.
The first step is to choose a niche and products to sell. I can say for sure that chasing trends here is a bad idea.

 

[Yusra3]

Sure, there are all kinds of businesses that one can launch without having to raise a lot of funding from external investors first. Tend to be bootstrap businesses, based on lean startup principles--such as solopreneurs offering online services, freelancers, influencers producing money from affiliate marketing or consultants offering their legal specialties. Other capital efficient concepts are web-based companies with low labor costs, corporations that can gradually expand by recycling cash backed up into the business, franchises controlled by distant headquarters, or home based businesses requiring few networks. With the right low-cost model, discipline and controlled growth, funding needs can be reduced.

 

[Holicent]

No matter what the business needs, it still depends on how big you want to start, it would also take time if you start with a smaller capital but it doesn't mean you cannot start at all. So business Is about what you want and what is available, however, of you want to sell cars for instance, you will need huge capital, if you want to sell just cookies, you might need less capital. Whichever way, some business can be sustained with low capital compared to the other.

 

[Mika]

There are a lot of businesses that do not require a lot of funds to start or run. For instance, you need a lot of money to manufacture clothes, but you do not need a lot of investment to sell clothes. Interestingly, even for business that require a lot of money to start, you can start on a small scale that does not need a lot of money. For instance, instead of setting a clothing factory, you can set up a small screen printing shop and manufacture your clothes.