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15+ New Business Ideas with Low Investment

All of us wants to start with something, which is new with little or no competition. However, here is a little advice, If you are looking for new Business Ideas with low investment, you need to consider what is your passion. Do not choose new Business ideas on face value. Something that sounds promising may not have any business scope.

However, it is possible that your new business idea may result into something massive. Our history is full of such inventions.

Related Articles: How to

  • Generate New Business Ideas
  • Evaluate your Business Idea
  • Develop your business ideas
  • Protect your business idea
  • Name your business ideas

So here is a list of Some Real Life New Ideas for Business:

New Business Ideas with Low Investment

1 Super quick online pharmacy

People nowadays are tech-savvy, they want everything on the touch of a mobile screen.

Myra is an online pharmacy that started just a year ago. They deliver all kind of medicines at the doorstep of customers within an hour. They have their own warehouse and provides quality medicines at a lower price to the customers without compromising on the experience.

Take Away:  If you are passionate about keeping people healthy without having them to struggle physically or financially, you may get inspiration from such new business ideas.

NEW BUSINESS IDEAS DRIVEN BY DESIRE FOR QUICK ACCESS TO THINGS
NEW BUSINESS IDEAS DRIVEN BY DESIRE FOR QUICK ACCESS TO THINGS

2 Online Custom Tailoring Platform

From the ancient time, Custom tailoring has been part of the fashion industry.

With the Internet coming into the equation, the demand has been pushed further to the online custom clothing store.

Not many are doing custom tailoring at this point of time, so early starters can take advantage of Investing in this platform.

Among several platforms, Fatbit stands out of the crowd. Fatbit (with its unique online software platform) allows a customer to place a unique customised order for custom clothing including shirts, trousers and suits.

Take Away: Customisation is in vogue today not only in fashion but other walks of life also. You can too go ahead and offer customisation solution in apparel, home furnishing, jewellery, lighting and many other such things. You can take inspiration from such new ideas for business.

NEW BUSINESS IDEAS DRIVEN BY DESIRE FOR CUSTOMISATION
NEW BUSINESS IDEAS DRIVEN BY DESIRE FOR CUSTOMISATION

3 Marketplace for Freelance Writers

The ever-rising stature of the internet has made the content writing a lucrative opportunity for many.

I won’t be wrong to say content is at the heart of everything that’s available on the Internet. Content writing is critical assets to have in this age of the Internet. Companies are looking for content to engage with their customers.

So, starting a content creation business or an online marketplace where writers/authors can come together and sell their work could be an excellent new business idea.

Paypercontent provides one such solution to help businesses get content while doing good business for themselves and freelance writers. Paypercontent provides tons of features including review management, e-wallet, and more.

Take Away:  Lot of opportunities exist in B2B businesses where individuals can provide services. You can get inspired from such new business ideas to enable delivery of such services.

NEW BUSINESS IDEAS DRIVEN BY DEMAND FOR OUTSOURCING
NEW BUSINESS IDEAS DRIVEN BY DEMAND FOR OUTSOURCING

4 CANVAFLIP-Prototyping and Testing Platform

As a UX designer, an employee has to create a prototype, share it with teams/users, analyse based on their input and change the design (if anything needs improvement). The process is tedious and time-consuming. Now if we can test the prototype on the go and make the changes instantly.

CANVASFLIP helps companies to improve their mobile user experience. It provides a single interface solution to find and fix usability issues right From the Prototype creation. Using this tool, you can share a link of your prototype with colleague/users, analyse how they are using it and correct any challenges that user finds with your design. The company works with more than 250 clients, including MakeMyTrip, Paytm and Myntra.

EXPLORE NEW BUSINESS IDEAS TO ENABLE CUSTOMER EXPERIENCE
EXPLORE NEW BUSINESS IDEAS TO ENABLE CUSTOMER EXPERIENCE

5 Artificial intelligence at Play STAQU

Internet space is more biased toward images and videos as they make up for 70% of online data.

That’s something caught the attention of STAQU founders who started a business based on artificial intelligence in June-2015. The company provide AI (artificial intelligence) driven services for e-commerce.

If you are looking for a particular style of a shirt, you can upload its image and STAQU will give you the similar results. The categories they specialise in are: Face Recognition, Text Processing, Speaker Identification.

Take Away: If you are a hard-core Ironman fan, you would probably give AI a try to start your online new business idea.

NEW BUSINESS IDEAS DRIVEN BY ARTIFICIAL INTELLIGENCE
NEW BUSINESS IDEAS DRIVEN BY ARTIFICIAL INTELLIGENCE

6 Traveling Salons

There is an increasing need for all kind of senior services. If you think it is only related to health care, maybe you need to spend more time with your grandparents.

One of the potentially profitable lifestyle services is a mobile salon that travels to residences of customers. As people age, they do not feel comfortable visiting a salon to do their hair and nails.

There is a growing need for these mobile services to keep them looking good without bothering them physically.

Take Away: Do not carried away with the talk of young India and assume other segments does not offer any potential. A lot of money is there to be spent on essential conveniences by older generations. You can get inspired for with this and may generate some new business ideas to evaluate for your next venture.

NEW BUSINESS IDEAS DRIVEN BY NEED OF ELDERLY FOR CONVENIENCE
NEW BUSINESS IDEAS DRIVEN BY NEED OF ELDERLY FOR CONVENIENCE

7 Health and Wellness

The lifestyle of modern generation has changed drastically. The kind of food we eat, the routine we follow, our surrounding, almost everything is different than it used to be. As a result, we see people plagued with many health-related ailments.

Considering all the above point why not start something that helps people maintain a healthy life. HEALTHIFYME a lifestyle tracking platform provides one such service to help people identify the calorie value of their foods. They also offer paid services from fitness experts and nutritionists.

Take Away: Health is on everybody’s mind. If you have been toying with new business ideas in health domain, now is the time to get going.

NEW BUSINESS IDEAS DRIVEN BY NEED FOR HEALTH & NUTRITION
EXPLORE NEW BUSINESS IDEAS DRIVEN BY NEED FOR HEALTH & NUTRITION

8 Drones

The new generation is heavily obsessed to selfies. They love to take selfies with family and friends and post/share them on social networks. Its difficult to find a smart phone that does not have a good quality selfie camera.

But, have you thought of a flying camera to capture and share your most special moments.
AirSelfie is an innovative photo-video-tech concept that empowers people to take selfie in an incredible and unique way. They have researched and created a flying high-tech camera that exceeds all current standards.

Take Away: Where can you take Drones to help a customer live better. How about considering Drones to think of some innovative new business ideas.

NEW IDEAS DRIVEN BY DRONES AND SELFIE CRAZE
EXPLORE NEW IDEAS DRIVEN BY DRONES AND SELFIE CRAZE

9 Explore New Business Ideas to enable small Businesses (NowFloats)

With the wide reach and viral nature of the internet, local businesses have witnessed better growth. What if we can make a platform that helps local businesses go online and get better profit without any technical knowledge.

Hyderabad-based NowFloats which was founded in 2012 claims to have hundreds of clients from tier 1 and tier 2 cities. They provide their clients with world-class websites which can be updated by sending just a regular message. Moreover, the company also offer clients with an SMS channel to stay connected to the consumers.
Take Away: If you are proficient in website building and want to help small businesses grow in the internet world, try to pick some ideas here.

10 Consumer Convenience during payment (ePayLater)

Normal credit card payment takes you for a journey through multiple redirects like

  • Selecting the Bank, the credit card belongs to
  • Filling a form for the credit card details
  • Choosing the option to get OTP
  • Entering the OTP (which at times never show up)

Doing all these takes a significant amount of time which you may not have always.
The best example is booking a Tatkal ticket on irctc.com. How many times we end up falling on waiting list just because a minute delay.

ePayLater is an online “Buy Now, Pay Later” solution for all such challenges that we face on daily basis. It provides one click checkout solution for all your transactions.

If you are using it for the first time you need to provide certain information such as email, mobile number or a government id. Once your eligibility is confirmed by ePayLater verification team, you can use it across any of their partner merchant portals.

The merchant list includes IRCTC, PVR, Power2SME, Tolexo, IndustryBuying etc. You can segregate multiple transactions and pay only once. ePAyLater also offers you 14 days’ time from the date of order fulfilment to pay your dues.

Take Away: Be it paying online or any other aspect of internet world, People want to have a hassle-free experience that can save their time. If you are keen to provide them with any such solution, you can convert it to a sustainable business to earn money online.

EXPLORE NEW BUSINESS IDEAS THAT ENHANCE CONSUMER LIFE
EXPLORE NEW BUSINESS IDEAS THAT ENHANCE CONSUMER LIFE

11 Living the Lifestyle without breaking your Finances (Rent The Runway)

Most of the women want to flaunt a new style everyday. However, what restricts us is the cost something like this will incur.
And if you want to flaunt a designer clothing it is going to be impossible. Rent the Runway is one such idea. This site allows users to borrow designer wear for several days and provides the item in two sizes to ensure fit.

Rent the Ranway has started the renting revolution all over the world. Today there are several such ideas in many other categories such as furniture.

Below are some of the features of this eCommerce renting startup

  • Fashion Freedom: 100,000s options at fingertips.
  • Total Wardrobe Flexibility: Change your closet on a real time basis.
  • Smarter Closet: Just keep what you want to flaunt off.
  • Smarter Clothing footprint: Reduce wastage, save money, save the environment.

Take Away: All things that loose utility in a short span of time but still stay as new as it gets can be rented out. Can you think of something. May be you would like to try out Fashion Jewellery, Books, Furniture, Toys, Kitchen utensils, cars, escercise equipments, take your pick.

Living the Lifestyle without breaking your Finances (Rent The Runway)
Living the Lifestyle without breaking your Finances (Rent The Runway)

5 Big Business Ideas

All Business ideas start small. However, some business ideas start with a major market gap and simple solution that nobody has thought about. These are big business ideas.

You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don’t see them – Jay Abraham.

Big business ideas that we have spotted in India:

1 Logistics management software FarEye

The high influx of e-commerce businesses has had a massive impact on Global logistics. Customer expectations have also shifted upwards due to mobile penetration. E-commerce businesses want a logistic structure which is efficient, profitable and customer friendly.

FarEye is one such platform that helps enterprises streamline their logistics operations. It sits between e-commerce firms, their logistics and fulfilment partners. Apart from managing/optimising delivery fleets and demand forecasting, the platform supports route and capacity planning by means of GPS coordinates and Postal codes.

Take Away: The Logistic operation is booming day by day, and it is something that is not going to slow down soon. If you have any idea to reduce transit time and save man-hours, the field offers you an excellent opportunity to build an online business.

EXPLORE BIG BUSINESS IDEAS IN LOGISTICS
EXPLORE BIG BUSINESS IDEAS IN LOGISTICS

2 Payments solutions for credit/debit cards, loyalty programmes (PINE LABS)

Do you know, online transactions in India increased thrice in 2016. The demonetisation has further boosted this phenomenon. Isn’t it easy and safe to pay online through cards or other means of payment source?

Pine Labs provides a payment solution that simplifies acceptance of all kinds of payments at POS. They offer secure and reliable channel for online transactions including Credit/Debit Cards, EMI, e-Wallet, Reward Points, Gift Vouchers, etc.). You can access all your payment activity details and analytics by using a real-time web based application. Pine Labs has 60,000 retailers in India who transact more than 4000 crore a month.

Take Away: Online transaction services are going to stay for long if not forever. Why not cash in this opportunity to make a sustainable and profitable business to earn money online.

EXPLORE BIG BUSINESS IDEAS IN PAYMENT & LOYALTY PROGRAMS
EXPLORE BIG BUSINESS IDEAS IN PAYMENT & LOYALTY PROGRAMS

3 Peer to Peer lending marketplace (FAIRCENT)

India is shifting towards digital payments and that has helped FAIRCENT a lot to grow its fortunes in recent years. The company that started its operation in 2014 is an innovative marketplace for peer to peer lending.

It provides a transparent, technology-driven platform for borrowers and lenders where they interact with each other and decide upon mutually agreeable rate for their transactions. The platform helps customers get cheaper loans after verifying their creditworthiness. It also benefits lenders to earn best possible returns on their investment.

Take Away: If financial space is something that gets you going and you have got enough skills to test the waters, this is your best bet to earn money online.

NEW & BIG BUSINESS IDEAS DRIVEN BY DEMAND FOR EASY FINANCE
NEW & BIG BUSINESS IDEAS DRIVEN BY DEMAND FOR EASY FINANCE

4 Big Data Analytics (PEELWORKS)

In last 10 years if we talk about the biggest change in the consumer behaviour, it has to be the mode of shopping. Be it apparel, grocery, electronic items or medicine, people want to buy everything online. No wonder, the number of online retail shop has multi-folded in a very short span.

These retail stores face a common problem of baselining and standardising their distribution and marketing segment. PEELWORKS a Bangalore based start-up provides big data analytics services to improve efficiency in distribution and marketing for more than 3000 retail stores across India. They also provide solution to help customers analyse information on performance, promotions, incentives, and skills of employees.

Take Away: Big data is integral to any data driven business including health and insurance. If you have expertise on big data you can create a system that helps business take quick and smart decision based on data analysis.

NEW & BIG BUSINESS IDEAS DRIVEN BY BIG DATA
NEW & BIG BUSINESS IDEAS DRIVEN BY BIG DATA

5 Mobile Electric Vehicle Charging Stations (Ubitricity)

With increasing interest in electric vehicles, one question everyone has in their mind is the ability to charge their cars while driving. Another problem associated with it is billing for the electricity while charging vehicles away from homes.

While everyone is struggling with the two questions, Ubitricity has a mobile electric charging and billing system in place.

Ubitricity has a patented, intelligent charging and billing solution in place. Ubitricity has freed the electricity meter from its stationary cellar and made it mobile. Today, you can find the mobile, calibrated electricity meter in the SmartCable instead of the fixed charging pole.

The advantages of this new approach are visible in every ubitricity solution. The charging points themselves are made cheaper and tricky invoicing situations can be solved for the first time to satisfy all parties involved.

What’s next?

In the future, this technology will make an essential contribution to transforming electric vehicles into distributed electricity storage for the smart grid. Below are the features of this unique service business idea:

  • mobile charging system: Charge and bill easier, cheaper, quicker
  • The SmartCable: Charge, wherever and whenever you want. Always an appropriate solution. The SimpleSocket:
  • Charge and bill comfortably with mobile electricity meter and mobile electricity contract.
  • The ConnectivityManager: Transparent billing, many possibilities – and a good overview. Exact billing and security.
Mobile Electric Charging Stations one of the best big Business Ideas
Mobile Electric Charging Stations one of the best big Business Ideas

Summary: Starting a New Business Idea

Well, I hope you must have found atleast one idea that made you think. If yes, what is stopping you. go ahead and start a new business and give your idea wings to fly.

The post 15+ New Business Ideas with Low Investment appeared first on avinashchandra.com.



This post first appeared on Top 10 Payment Gateways In 2017 - Choose The Best For Your Business, please read the originial post: here

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15+ New Business Ideas with Low Investment

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