Small Business Ideas for Beginners: Low Cost and Low Risk

Did you know that starting a small business can be as simple as leveraging your existing skills? With the right ideas, you can launch a venture that requires minimal investment and risk—just your time and effort!

Start the so-called 'SaaSaaS' Business

Have you ever thought about how you could turn your expertise with a software tool into a thriving business? Enter the concept of "SaaSaaS," which stands for "Software as a Service … as a Service." This model allows you to become a master of a specific SaaS product and offer services based on that tool.

For instance, if you're skilled in bookkeeping, you could specialize in software like Xero. Your services might include:

• Daily bookkeeping
• Migrations from QuickBooks to Xero
• Year-end tax preparation using Xero

Alternatively, if you have experience with ConvertKit, you could provide email migration services or create marketing automations for clients.

Marketing your SaaSaaS business is straightforward. Start by checking if the software company has a directory of certified users and apply to be included. Platforms like Upwork can also help you find clients looking for your specific expertise. By delivering excellent service, you can build a steady stream of referrals over time.

Start a Niche Drone Videography Business

Imagine soaring above a picturesque golf course, capturing stunning aerial footage that helps golfers visualize each hole. Starting a niche drone videography business, particularly for golf courses, is not only exciting but also relatively easy to get into.

Here are three compelling reasons to consider this venture:

1. Low startup costs: Drones have become more affordable, making it easier to invest in the necessary equipment.
2. Quick learning curve: You don't need extensive training to produce decent footage; basic drone flying skills can be acquired in just a few hours.
3. High earning potential: Golf course flyovers can command prices ranging from $400 to $4,000, depending on the service provided.

To validate your idea, research local golf courses and assess their online presence. Many courses feature descriptions of each hole, but they often lack engaging visual content. Reach out to these courses with your proposal for aerial videography, and once you gain traction, consider expanding your services to other niches within drone videography.

Become a Voiceover Actor

Have you ever listened to a commercial and thought, "I could do that"? Becoming a voiceover actor is a fantastic small business idea that requires minimal investment and can yield impressive returns.

The beauty of voiceover work lies in its accessibility. Almost anyone can get started, and the pay can be quite lucrative. For example, a voiceover job for a 300-word script can earn you between $100 and $499. Given that recording and editing a two-minute audio clip might only take you 10 minutes, the time-to-earnings ratio is excellent.

To kick off your voiceover career, consider these two platforms:

• Upwork: Search for voiceover jobs and apply to those that match your style. Make sure to have samples ready to showcase your talent.
• Fiverr: Here, you can create listings for your services, allowing you to set your own prices and attract clients directly.

By building a portfolio and gaining experience, you can increase your rates and expand your client base.

Become a Freelance Content Writer

Are you passionate about writing and want to turn that passion into a profitable business? Freelance content writing is a popular avenue that can lead to significant earnings, but it requires a strategic approach to stand out in a crowded market.

To succeed, you should aim to become a niche expert. Consider the following Venn diagram of expertise and interest:

• On one side, you have your areas of expertise.
• On the other, your interests.

Finding the intersection is key. For example, if you love a particular subject and have knowledge in it, that’s where you should focus your writing efforts.

When it comes to content types, consider specializing in one area, such as:

• Blog writing
• Conversion copywriting
• Scriptwriting for videos

To find clients, leverage freelance networks like Upwork and job boards like Problogger. While it may take time to build your portfolio, this foundational work will help you justify higher rates and attract more clients in the long run.

Create a Niche Affiliate Website

Have you ever wondered how some people make a living promoting products online? Creating a niche affiliate website is one of the lowest-risk, lowest-cost business ideas you can pursue today.

Affiliate marketing involves promoting another company's products or services and earning a commission for each sale you refer. The potential for growth in this field is immense, with some affiliate marketers raking in six or even seven figures monthly.

However, success in affiliate marketing doesn't happen overnight. You'll need to invest time in learning the basics of:

• Affiliate marketing strategies
• Website building
• Traffic generation

To get started, check out beginner tutorials that provide an overview of affiliate marketing. With dedication and effort, you can build a website that not only generates income but also offers valuable content to your audience.

Conclusion

Take action today by exploring one of these low-cost, low-risk small business ideas! Whether you choose to dive into SaaSaaS, drone videography, voiceover work, freelance writing, or affiliate marketing, each option has the potential to replace or supplement your income.

Which of these ideas resonates with you the most? Share your thoughts in the comments below!