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5 Lucrative Business Ideas with Low Startup Costs

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.

Lucrative Business Ideas

⭐Starting a software for agencies without any background or experience can be highly successful. (0:32)

πŸ’‘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)

πŸŽͺTent rentals for sport events have a startup cost of $30,000 to $40,000 with an average profit margin of 50%. (2:28)

πŸ“šTutoring, 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)

πŸ’°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

πŸ’Ό 0:00There are four lesser-known businesses that can make you rich.
πŸ’Ό 1:57Starting a business in e-bike rentals or tent rentals can be profitable with low startup costs.

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