Everyone wants to start their own business. However, most of us also don’t have the time money and patience to wait for years to get a return on our investment. This often stops people from starting their own business. Hence to help you out here are some of the best low investment high profit business ideas that will surely help you get rich quick:
- Wedding Planner
Weddings constitute a big industry, with the wedding industry growing at an annual rate of 7% in the last few years. The average cost of weddings has risen steadily over the years and is expected to reach $30,000 by 2020. That being said, it’s no surprise that there is a huge demand for wedding planners who can help couples organize their big day and make sure everything goes smoothly.
- Personal Trainer
Personal trainers are in high demand across the world, as more people are becoming health conscious and want to keep fit. The industry has grown by leaps and bounds in recent times and there are currently over 600,000 personal trainers in America alone! If you have some knowledge about fitness (or can learn it) then this could be an excellent business idea for you!
- Yoga and Meditation Center
With that busy schedule, hectic life, and a lot of stress, people are looking for ways to relax. Yoga is one of the best ways to calm down and get centred. You can offer yoga classes in your area or teach at a local gym or community centre. You don’t need any special equipment to teach yoga. You will, however, need to obtain a yoga certification from an accredited program before opening your own business. If you don’t have time to study and become certified on your own, many online programs offer certification in as little as three weeks! The great thing about this business idea is that you can set it up anywhere there is room for you to spread out a mat! It’s also completely portable so if you tire of one location, just move on to another spot! Ever since the pandemic hit the world everyone is looking to get fitter hence you won’t have to work hard towards finding customers. This is why your yoga and meditation center could rapidly become a millionaire company in no time. Click here to learn more.
- Mechanical / Electrical Works
The development of present generation technologies has resulted in the creation of a large number of opportunities for mechanical and electrical works. This is because there is various mechanical and electrical equipment which are used in our day to day lives. These equipment include mobile phones, computers and laptops, televisions and many more. However, these machines require regular maintenance to ensure that they function properly. Maintenance of these machines can be done by any person who is aware of the working principle of these machines. This makes it an ideal business idea for people with little or no experience in this field.
The only investment required for this type of business is the cost incurred on purchasing basic tools needed for this work like screwdrivers, pliers etc. It would also be beneficial if you have some knowledge about electronics so that you can repair electronic equipment as well as other household devices like washing machines, refrigerators etc