According to studies, 62% of adults are interested in entrepreneurship as a career option. In the United States, 90% of American Billionaires are self-made. Most people start their own business to be their own boss in the office. People turn towards building mostly small businesses which give them enough profit and freedom of work. There are about 30.7 million small business owners in the U.S alone.
The Internet gives freedom to entrepreneurs to reach up to their peers and learn from their feedback. There is an initial requisition for enough capital to start a business or startup. You can start a good business in a minimum amount because ‘whoever starts small can finish big’. Several offline and online businesses can give you good output in small investments.
So, if you have found your eureka moment in your life and you wish to start your own business then here are 10 top and profitable business ideas with 100k capital.
- Auto repair
An automobile repair business will thrive as long as there are motorcycles and cars. Every car and bike requires maintenance and repair. So you can start your automobile equipment shop or simply a service garage with minimum cost. If you are from an engineering or IT background, you can easily achieve high progress in this business. Before starting a business, it is vital to consider an ideal location, competitors, skilled workers, and your untiring efforts. Your Consistency and the trust of customers lend your business to great heights.
- Electronics
New business opportunities and innovations are constantly emerging due to rapid advancements in electronic technology. Smartphones, laptops, and other electronic devices are becoming an integral part of people’s everyday lives, creating a huge demand for them in the market. You can initially buy the franchise of the brand with maintenance and servicing of products. Focus on the market demand and advanced, in-demand appliances, which attract more customers to your business.
- Investment Agency
If you have deep knowledge and experience in investing, you can start your own agency and provide the service of managing clients’ money by generating profits for them through the share market. One thing to consider in this business is that your predictions and knowledge of the market should be good. It requires trust to hand over money to someone else’s hand. People only believe when they see your past successful results. So start your investing consultancy with your relatives and friends and then develop new success stories and considerable profits for them. This helps you to gain the trust of new customers in the market.
- SEO firm
Many online businesses and marketing organizations have their own website and utilize online platforms for launching their products and services. In recent years, SEO marketing strategy has become a great opportunity for businesses. It is sometimes difficult for businesses to find skilled SEO experts. Collaborating with business clients and giving them a perfect SEO strategy will help your firm to grow with minimum investments.
- Web designing business
If you have experience and relevant knowledge of web designing, you can start a web designing service business for clients. This business also requires less capital initially. Nowadays, every small or big business needs the best digital presence to grow its customers. By grabbing this valuable opportunity, you can start your web designing business with paid online tools, a little place for your shop, and your excellent skill set and creativity.
- Digital Marketing
Before starting any startup or agency, educate yourself with profound knowledge of that service. Digital marketing is one of those fields which requires a thorough study of the market. There are too many competitors in the market, so you must select a proper niche to start your digital marketing agency. Focus on the audience and clients, share your work and experience with them and do the client’s work as honestly as possible. This will assist you in raising your market value.
- Job Consultancy
There is a growing need for job consultancies in the market. There are many such startups in the market, but they do not offer enough efficient services, including career guidance, CV designing, connecting with HRs, and interview preparation tips. Therefore, you will face less competition. If you start consultancy with lucrative services for job seekers by creating proper connections with recruiters, then opportunities and possibilities of success are limitless.
- Cafe
Creative cooking and hardcore foodie nature indicate that you can start a successful food business. Initially, less investment and more creativity will assist you in running your Cafe service in your city. You have only to find a perfect location to build your cafe corner and essential raw materials for the deliveries. I would suggest that use lots of creativity while decorating your cafe and menu card and develop a happy and blissful atmosphere to welcome your customers. Design a menu card with particular dishes, reducing customers’ confusion and increasing their interest in buying your items in less time.
- Nursery business
There are too many emerging plant parents in the world. Most youngsters and adults share a bond with plants, and so they choose to decorate their balconies and house with several plants. If you are interested enough in nurturing plants and have a botanical background, you can start a nursery with minimum investment. As the nursery business comes under the agricultural sector, you have to take a license to start it. Besides this, you need a proper land and atmosphere to grow your plant products efficiently. Rising interest in plant parenthood among the millennials increases the opportunities in the nursery business.
- Start Online Store
In today’s online shopping era, you have endless opportunities to sell your desired products by opening your online store. Many large e-commerce companies allow small businesses to sell their products online. There are several options like jewelry making, fashion and smartphone accessories, and health and food products, which you can sell to target customers using online stores with low investment and good profits