There are many reasons why you or someone you know is yet to start a business but 8 out out of 10 times, the excuse is lack of capital. People want to be their bosses but they usually don’t go ahead with their idea because they don’t have enough money to start a venture of their choice. There are many small business ideas for men and women that requires little to no capital and we will discuss some of them in this article.

The less known truth is that not all businesses require huge capital to start. It might not be the business that you want to do but a business that has low costs and then once you start earning good profit, you can use that to fund your most ideal business idea. Who knows, you may enjoy it so much, you won’t be bothered with doing anything else.

Here are 5 businesses you can start in 2020 with little or no capital:

Web Design Company

If you know how to create websites, you can start a Web Design Company. You can create your own website and the costs of running a web design company is low. All you need is to buy a domain and web hosting account to run your website which wouldn’t cost much. As a one man company, you can work from home will save you travel and office costs. You can find business online using SEO, social media marketing and even on Freelancer networks. This idea can also work if you do graphics design or any other similar services.

Become a Freelancer

If you possess any skill that allows you to offer your services to clients, be it writing, editing, videography, photography, painting, you can start a business immediately at absolutely zero cost. Registering on sites like Upwork, Fiverr, Freelancer and any other notable freelancing network will give you a place to position yourself in front of clients looking for your skills.

Home services

Are you good with kids? Animals? Chores? In that ability lies the potential for a well-earning business if you can get the word out there. People are getting busier by the day, and they need someone who would take care of their kids, pets and/or house chores while they’re away on busy schedules. All you have to do in this case is spread the word in your neighbourhood, so people know you offer any of these services for a fee. It costs you nothing.

Repair services

If you are privileged to have some technical knowledge in fixing items, you can offering your services in your area. Maybe, you know how to fix computers or mobile screens. You don’t need a large investment to start earning with this. All you have to do is make a small investment in the tools needed for your repair services and let people know what you can do. Usually, a job well done is your gateway to several more jobs. So focus on delivering value every time and watch your income soar.

Resale

This is another easy way to start a business with just a little capital. This is one business you can either choose to do online or offline and still make good money. If you choose to go through the internet, it is referred to as dropshipping and tools like Shopify and Facebook Business Manager are readily available to make the business easier, even for a newbie dropshipper. Dropshipping involves shipping products directly from the manufacturer to buyers wherever they may be. You don’t control the shipping, but the buying happens on your website, so you earn a profit from every sale.

On the offline side of things, you can purchase goods from a local wholesaler and resell at higher prices to earn a profit.

Did you learn something new today? Do you want to start a business now even though you have little capital. We hope this helped you understand more about the options you have when capital is limited.