Top 10 Low Budget and Unique Small Business Ideas for 2021

Small businesses today involve having a website, a grasp on digital marketing and the ability to provide a unique value. Businesses that make the most sales, generate more leads, eventually drive profits. The freedom of being your own boss, and the internet's ability to teach everything, have been taking the front stage in most small business ideas. People now learn about businesses on the internet more often than via other avenues. Thus, finding clients and a steady income stream isn't usually difficult.

If you want to be an entrepreneur or start a small business, knowing the concept is not enough. You need to know what is in demand and find out how much gap is there in the sector. Meaning, you need to have a great business idea that is not only in demand but unique too. One thing that we have all observed is that technology-driven businesses are the future now. So here is a list of 10 such new, unique and low budget small business ideas, that you can learn now, earn from later.

Here are 10 of the Best Small Business Ideas to start with little money

1. Online reseller

A reseller, as the name suggests, buys products from suppliers (manufacturers or wholesalers) and then sells them to the end consumers. They don't own the products but focus on selling ready-made products to their customers. you can easily start with Meesho or any local speciality store and sell the items via WhatsApp.

You can also set up blogs on WordPress, Medium, or personalized websites to set up an online reselling platform. As a reseller, you can post images of your merchandise, details, and other useful information on the blog. People can then place orders via the blog itself.

When you become a reseller, you’re free to set your own margins and price your products. So, just narrow down who you want to sell, and start selling - or reselling.

2. Transcription Service

A transcriptionist is a professional typist who listens to recorded or live audio files and converts them into text format what they hear. They offer their services to the medical, legal, and general transcription industry. Becoming a transcriptionist requires having excellent typing skills and keen hearing. It requires accuracy and a commitment to producing a written document of high quality. It also needs you to be fast, with language and grammar expertise and the ability to deliver accurate transcriptions within the deadline.

Many companies, organizations and individuals require document transcription services. Aside from live audio files, you might receive the task of transcribing phone conversations, teleconferences, speeches, articles, script correspondence, dictations, forums, meetings, reports, manuscripts and interviews.

If you think listening and typing is your domain, start small and grow fast.

3. Translation and Interpreter Services

As a translator, you'll convert written material from one or more 'source languages' into the 'target language', making sure that the translated version conveys the meaning of the original as clearly as possible. Further, the difficult aspect of the job is that your original text may contain cultural references or wordplays and Google doesn't really provide the correct translation. Many organisations need a good translator who can write attractively and engagingly, rather than just translate the words. Thus, one of the languages that you are working on,  should be your mother tongue. For the other, you should have a mother-tongue-level proficiency.

An interpreter, unlike a translator, works on the verbal aspects of translation. Interpreters convert information from one spoken language into another—or, in the case of sign language interpreters, between spoken language and sign language. The goal of an interpreter is to have people hear the interpretation as if it were the original language.

Thus, if you think language is your forte, work as a full-time or part-time translator or interpreter.

4. Online Matchmakers (romantically, or professionally, you choose)

A professional matchmaker introduces their clients to partners with whom they could potentially develop a romantic relationship. Your duties involve assessing the personality traits of each client and finding out information about the qualities that they seek in a partner. To broaden the aspect to professionalism, matchmaker duties may also include finding the right person for a job for their client.

Many reports suggest that matchmaking may become a potential game-changer in online job search market. That is, very much like in matchmaking romantic relationships, you can connect a job searcher to an HR or a company looking for them.

5. Proofreaders

Proofreading means carefully checking for errors in a text before it is published or shared. It is the very last stage of the writing process when you fix minor spelling and punctuation mistakes, typos, formatting issues and inconsistencies. Proofreading is one of the great online jobs that you can do from anywhere, on any device - use a smartphone if you want to. Unlike editors, proofreaders only check for grammar and punctuation. Thus, start your proofreading career, if you think you are really good at the language's grammar.

6. Career Coach

Career coaches are experts in skills such as career planning, resume building, negotiation and interviewing. They help one understand what career path to choose and how to do so. Career coaching is to help people assess their professional situations based on their needs, wants, resources and capabilities. Further, Career counselors also support professionals by providing resources, administering tests and recommending tactics for securing a great job.

If you think helping others drive to their passion is what you want to do, take up the responsibility to help make the job search easier for other.

7. Voiceover Artists

A Voice-over Artist is someone who uses their voice in radio, television, film, theatre and other presentations. Sometimes they are in a dialogue between characters in a scripted radio play, but often referred to as off-camera or off-stage commentary or narration.

If you think you want to act without the physical presence, contribute to the ever-growing show-business.

8. Online Courses and Coaching

The sky is the limit when you want to become an online coach. All you need is to decide a niche, create a syllabus, record a video and upload on YouTube or course websites like Coursera etc.

You can even begin makeup, cooking, or just a language tutorial. Like I said, the sky is the limit.

9. Tailoring and selling Handmade/Customized Items

Whatever kind of an artist you are, if you can make it, you can sell it. Start by understanding your market and if you would buy your own product. Offer templates, custom price and invest in the right technology.

Any product or item can be personalized according to the preferences of the customers. Those with flat surfaces such as mugs, water bottles, t-shirts and key holders are great candidates for customization. You can design dresses and sell them online. Like a reseller, you can also set up blogs on WordPress, Medium, or personalized websites to set up an online platform. As a customiser, you can post images of your merchandise, details, and other useful information on the blog. People can then place orders via the blog itself.

When you become an entrepreneur, you’re free to set your own margins and price your products. So, just narrow down who you want to sell, and start selling.

10. Product reviewer

Product testing is a way for companies to get real user feedback on a product or service before pushing it to market. To do this, companies ship you a free physical product to use in exchange for a candid review. At the end of the testing period, they typically let you keep the item to sell or use, etc. Some might even pay you in cash.