Small Business

In the U.S. 69% of games-eshopes last at least two years, but this percentage drops to 51% for firms reaching five years in operation. The U.S. Small Business Administration counts companies with as much as $35.5 million in sales and 1,500 employees as "small businesses", depending on the industry. Outside government, companies with less than $7 million in sales and fewer than five hundred employees are widely considered small businesses. With many of the small business ideas explored in this post, you may not be shipping your products, but you still need to cover the cost of shipping.

Create Digital Products Or Online Courses

Since this is an online venture, you can choose any subject you are knowledgeable about and teach a course regardless of your location. If you don't have advanced knowledge in any particular subject, consider teaching English as a foreign language online to students overseas. Small businesses are also encouraged per public policy on taxation. For example, from January 1, 2020, Armenia introduced a special micro-entrepreneurship tax system with a non-taxable base of 24 million AMD.

You’re responsible for creating beauty out of natural, living elements like flowers, grass, and trees. Perkie Prints makes personalized printed pet products—everything from apparel to framed prints, plus fun projects in between. If you’ve already got an engaged online following—say you’re a cartoonist or an urban photographer—you’re in an especially good position to give this fixthelife idea a try.

Medical Courier Service

Memberships are great for managing members-only access to content on a website, and even for physical businesses that offer guided sessions online. Yoga studios, gyms, clubs, and art schools are a few examples of businesses that can easily take advantage of this low-investment business model. Apps likeMyOnlineFashionStore lets you import various styles into your Shopify store. Dropshipping is a low-investment way to test product-market fit and launch a business before you invest in your own original products. Just be sure to always order a sample for yourself to make sure your supplier is reliable and that the quality of the products is fit for selling to your customers.

It’s not realistic for everyone, but low-investment business ideas make it easier to come up with the cash yourself. Recruit help from colleagues or friends and family to brainstorm new ideas. Survey your existing customer base or audiences and get their ideas.

However, entrepreneurs have to work for very long hours and understand that ultimately their customers are their bosses. This is applicable for inventions—a patent prohibits anyone else from making, selling, or using your invention in their business for a period of time. Your business structure influences taxes, operations, personal liability, and more. Choosing the right structure is about balancing the legal and financial protections you need with the flexibility offered by different options.

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