66 Small Business Ideas with Low Investment Still Most Profitable in 2024

66 Small Business Ideas with Low Investment Still Most Profitable (including top 10 business ideas): Looking for the best small business ideas but struggling to get any good business ideas for 2024, don't worry check out the top 66 Small Business Ideas here.

I am sharing some of the best small business ideas for 2024, that will give a new way to think about business ideas.

Also, Check out Online Business Ideas.

Getting small business ideas is very easy today as technology has reached the common person. You just need a mobile and internet connection. Although I personally believe that this is not the only way to get small business ideas. Small business ideas are not what you get on the internet.

It is something that you imagine as a solution for the existing problem around you in society, school, traveling, or any random place.

So you need to open your imagination to explore these problems and you will start getting a lot of small business ideas. Just get new problems around you, in your city, in your country, in the world as well. And think, how can you solve these problems profitably?

Below we are sharing some best business ideas:

Check out the list of top 66 business ideas which you can start in 2024 in India and as well anywhere in the world.

7 Best Small Businesses to Start in 2024

Here are some of the best businesses that you can start in 2024.

1. Food Truck

You can start with the Food Truck Business idea. As in big cities, most people look for good food in the corporate street. But very few people are out there who provide good quality food.

If you are good at cooking then this business idea can be a game-changer for you that you can start with a very low amount of investment. However I don't say that starting this business is good for all as this business also requires some initial funds to start.

Expenses

Every business requires some kind of investment or fund, that you have to put in while you start business. If you are planning to start a food truck business then you will have to be ready for the below expenses.

• Food Truck
• Raw Material and Kitchen Equipment
• Licenses and Permits
• Staff
• Marketing
• Staff uniform
• Location

Costing

Let's now calculate the estimated cost of the above expenses one by one below.

Food Truck:

Food Truck you can get modified for your food cart or can purchase from a company that provides the food trucks. This would be the biggest investment in this business.

If you go for the new Food Truck or Food Vehicle then it will cost you around Rs. 3 Lakh - 7 Lakh.

And if you can arrange for a second-hand food truck then it will cost you around Rs. 1 Lakh -3 Lakh

Raw Material and Kitchen Equipment:

Raw Materials and Kitchen Equipment are hard to guess as it depends totally on your choice. Right now we can go about 2-3 lakh Rupees for this.

Licenses and Permits:

There are not many fixed rules for this. So we can go with some common things to remember when planning to start a food truck restaurant like:

• Permission from the Municipality
• FSSAI Mobile Vendor’s License

Staff:

This is also an important thing to remember while planning to start a food truck business, as you will need at least 1-2 people to run this business well. One person for serving food. Second for bill payments.

That will cost you around 30k if you are in India, and if you are from the US, Canada, or any other country then it may be different.

Marketing:

If you do some marketing for that, then you can add about 25k for the marketing additionally.

Staff Uniform:

It will not cost you much, if you go for the brand name uniform for the staff then it may cost you about 2k-3k.

Location:

Location for opening a food truck business is very crucial so must go for the location you can find the right people for your business and dish.

2. Coffee Shop

You can start with a Coffee Shop. Now you may think that it is not a unique or new business idea. You are right but one thing here is to consider is. How do you think about something that makes the difference? As you may have seen some companies are offering tea with different variants.

And they have converted that into a big company by doing their creativity in bringing different variants. If you also want to build something big in the coffee segment, then don't worry, you can go with the business, here I will share all the important things related to this business like expenses, location, investments, and useful things for this business.

Expenses:

Here are some of the main expenses in this business as given below.

• Rawa Material
• Permission and Licences
• Location cost
• Labor Cost
• Branding and marketing cost
• Furniture and fixtures

3. Bakery Shop

You can start with the Bakery Shop, As the bakery business is an ever-green business already, If you can do something creative or unique in this business you can earn a lot of money out of this.

There are a lot of business opportunities in this segment. As you can target many occasions which are always in trend like birthday celebrations, anniversaries,  and more. You can prepare different types of cakes for such occasions, and deliver them to the doorstep of your customers.

4. Cooking Classes

There is a huge scope of cooking classes today. There are a lot of people who want to make a career in the food industry. As there are a lot of people who can't afford the expensive courses and degrees in the food industry. 

But they want to learn about cooking. There may the different reasons for everyone, as some may want to have a job in the hotel or food industry, and some may want to start their own business, restaurant, or hotel in the future. 

But due to lack of knowledge, they can't do that. So if you start cooking classes then there are chances that people will join your cooking classes.

5. Ice Cream Stand

Ice Cream Stand is also a good business idea for those who have no special skills. This business idea is ideal for those who have a limited budget to start a business. If you want to start this business then you must consider one thing this business is most profitable where the weather is usually hot.

As Ice Creams are mostly consumed by the people summer. So you can consider it as a seasonal business too.

6. Product Reviewer

If you have the basic knowledge of blogging and other required skills like writing, creative thinking, and market understanding then you can start a website where you can review the products.

7. Home Food Delivery

If you are one who loves cooking food and enjoys preparing different food or recipes then this business can be good for you. Here are two types of businesses that you can start. 1. You can food delivery for others 2. You can start your own food cafe and deliver the food locally in the starting and later make it big with time.

Top 10 Most Successful and Profitable businesses

There are people who want to be sure about the success of a business and don't want to waste their hard-earned money. So these kinds of people can try these most profitable and successful businesses.

As all the business which are given here, are highly demanded in all seasons, so there are very few chances of failure in this kind of business. 

Let's now talk about businesses that are easy to implement and profitable too.

1. Food Truck
2. Coffee Shop
3. Bakery Shop
4. Ice Cream Stand
5. Electronics Shop
6. Interior Designer
7. Home Decor
8. Photography Shop
9. Gift Shop
10. Clothing Boutique

These are the most successful businesses that you can try. As all the businesses are in high demand so be profitable too.

30 Low-Cost Business Ideas

If I talk about low-cost business ideas, then there are various options available, which you can try. If you don't have money or have the very little budget then you can try these business ideas. 

Although every business requires some sort of investment, these businesses are too good to start with low investment and can give you a high return. But one thing that requires in this kind of business, is your guts, and hard work.

Let's now talk about those businesses that require very little money to start.

1. Junk Food Stall
2. Barber Shop
3. Vegetable Shop
4. Fresh Food Salad Shop
5. Herbal Joice Shop
6. Dance Classes
7. Tuition Classes
8. Yoga Studio/Classes
9. Drinking-Water Supplying
10. Daily essential supplying
11. Mobile Cover Shop
12. Satchel/Bags Shop
13. Pop Corn Shop
14. Art Work Shop
15. T-shirt printing shop
16. Cyber Cafe
17. Party Essentials shop
18. Tea Stall
19. Pickle Shop
20. Oil Shop
21. Spice Shop
22. Joice Corner
23. Fruit Stall
24. Ice Cream Parler
25. Electrical Works Shop
26. Mobile Repairing Shop
27. Plastic Item Shop
28. Ayurvedic Item Shop
29. Book Keeping
30. Makeup artist

These are the businesses that you can start with very little investment.

Top 7 Manufacturing Business Ideas

The manufacturing sector covers more than 28% globally, so we can say it is also an important field in business. All the foods we take or what we wear depends on manufacturing companies.

Here are the top 7 manufacturing business ideas.

1. Start Spice Manufacturing Company
2. Oil-producing and packaging company
3. Fashion Jewellery
4. Environment-friendly bags
5. Smartphone accessories
6. Unique Fashion items
7. Pickle Manufacturing

Service-Based Business

There are various businesses that exist that you can start by providing services. Service-based businesses are one of the best businesses which you do, as these businesses don't require much money to start. 

You can do most of the service-based business with little or no money. Here I am sharing the top 10 service business ideas that you can do in 2024. 

Let's talk about all the service-based businesses one by one below.

1. Home Cleaning Business
2. Gardening Care Business
3. Mobile, Laptop, and other electronic items home repairing
4. Pet Caring
5. Baby Sitting
6. Laundry Business Ideas
7. Dairy and other daily use items' home delivery
8. Cloth Ironing
9. Party Planning
10. Home Tuition
11. Carpeting business
12. Home Shifting Business

FAQs about Business Ideas

Here are some of the most frequently asked questions and their answer, that you can find out here. If you have more questions related to business ideas you can reach us through the below form.

1. What are business ideas?

Ans. If I talk about business ideas in short it is nothing but an idea to start your dream business. An idea can be anything that you can monetize and earn money from that. 

2. What are the top 10 small business ideas with low investment?

Ans. If you are looking for the top 10 business ideas that you can start with low investment then you can check out the below ideas.

1. Start a YouTube Channel
2. Purchase things in bulk and sell that in retail
3. Water supplying business in Urban areas
4. Supplying Milk and other daily essential things in Urban areas
5. Digital Marketing Agency
6. Website Designing and Developing Agency
7. Start tuition classes
8. Open a cyber cafe
9. Start roadside mini stalls of junk food like Paani Puri, Bread, or Dal
10. Yoga Studio

Summary:

Here I shared 66 top small business ideas that you can do with little budget or no budget. If you found this post useful then share it with others too. And also let me know do you want more ideas or same ideas with deep details.