5 Lucrative Business Ideas with Low Startup Costs
BusinessSmall Business ManagementDiscover 5 lucrative business ideas with low startup costs that have the potential to be highly profitable. From e-bike rentals to tutoring and daycare, these opportunities are often overlooked but can yield impressive returns.
Lucrative Business Ideas
⭐Starting a software for agencies without any background or experience can be highly successful. (0:32)
💡Starting a social media marketing agency for NFT influencers without much knowledge can also be a lucrative opportunity. (0:49)
🚲E-bike rentals have a low startup cost of around $25,000 with a profit margin of 60%. Factors affecting profitability include tourism, location, public transport, and weather. (1:57)
🎪Tent rentals for sport events have a startup cost of $30,000 to $40,000 with an average profit margin of 50%. (2:28)
📚Tutoring, bookkeeping, and daycare are low-cost business ideas. (3:43)
Excess Capacity Model
🏠The excess capacity model allows using someone else's unused space to run a daycare. (3:52)
💰Startup costs for businesses without excess capacity are higher. (4:27)
FAQ
What are the potential profit margins for e-bike rentals?
E-bike rentals have a profit margin of 60%. (1:57)
What are some factors affecting the profitability of e-bike rentals?
Factors affecting profitability include tourism, location, public transport, and weather. (2:23)
What is the average profit margin for tent rentals for sport events?
Tent rentals for sport events have an average profit margin of 50%. (2:28)
How can the excess capacity model be utilized for daycare businesses?
The excess capacity model allows using someone else's unused space to run a daycare. (3:52)
Are tutoring, bookkeeping, and daycare considered low-cost business ideas?
Yes, they are low-cost business ideas. (3:43)
Summary with Timestamps
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Discover 5 lucrative business ideas with low startup costs that have the potential to be highly profitable. From e-bike rentals to tutoring and daycare, these opportunities are often overlooked but can yield impressive returns.
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