Online selling: With the rise of e-commerce, starting an online store is a low-cost business idea that can be highly profitable. You can sell products on platforms like Amazon, eBay, or Etsy, or create your own e-commerce website using platforms like Shopify or WooCommerce.
Tutoring or music lessons: If you have expertise in a particular subject or musical instrument, you can offer tutoring or music lessons online or in-person. This business idea requires minimal investment and can be highly profitable.
Bookkeeping or accounting: Many small businesses and entrepreneurs need help with bookkeeping and accounting tasks. You can offer these services remotely or in-person, and charge an hourly or monthly fee.
Pet care services: Pet owners are always looking for reliable and affordable pet care services. You can offer services like dog walking, pet sitting, or boarding, and charge a fee for each service.
Subscription box service: Subscription boxes are a popular trend in e-commerce, and you can create a subscription box service that caters to a specific niche, such as pet owners, book lovers, or beauty enthusiasts.
Dropshipping website: Dropshipping is a business model where you sell products without holding any inventory. You can create a dropshipping website and sell products from a variety of suppliers, earning a commission on each sale.
Dog grooming: Dog grooming is a low-cost business idea that can be highly profitable. You can offer services like nail trimming, bathing, and haircuts, and charge a fee for each service.
Copywriting or copy editing: If you have a flair for writing or editing, you can offer copywriting or copy editing services to businesses and entrepreneurs. You can charge an hourly or project-based fee for your services.
Wedding or event planning: Many couples and event organizers need help with wedding or event planning. You can offer your services as a wedding or event planner, and charge a fee for your services.
Software as a Service (SaaS) business: SaaS businesses provide software solutions to customers on a subscription basis. You can create a SaaS business that solves a specific problem or meets a particular need, and charge a monthly or annual fee for your services.
These are just a few of the many affordable and profitable business ideas for beginners in 2024. The key to success is to identify a need or problem in the market and offer a solution that meets that need. With hard work and dedication, any of these business ideas can be highly profitable and provide a sustainable source of income.