Consider aspects like profitability, scalability, and sustainability when starting a business with $100K. E-commerce stores are a great choice for entrepreneurs with limited capital. Options include web design, content writing, construction, manufacturing, solar power, healthcare, travel bookings, or house flipping.
Profitable Business Ideas
- Food truck business
- E-commerce stores
- Importing goods for resale
- Online businesses like cryptocurrency trading and portfolio development
- Service-based businesses like residential house cleaning and auto repair
If you want an eye-catching business sign on a budget, try illuminating your business with custom neon signs that reflect your personality. Importing goods from countries with lower currency values and selling them domestically can also be profitable. For example, importing small quantities of goods from China to sell in Nigeria requires little capital.
The food sector is recession-proof, and the food truck industry is expected to grow significantly. Food trucks require less capital than restaurants and offer mobility to find customers. Distinctive menus boost revenue potential.
You’ll need basic equipment and supplies for businesses like residential house cleaning and auto repair. The key is picking an industry aligned with your skills and interests. Conduct research to determine costs, profitability, competition, and licensing requirements.