You often hear people talk about million-dollar business opportunities, but it’s very difficult to take the plunge with so much at stake for most people. That is why choosing the right industry which is lucrative enough to recoup your startup cost is imperative.
Although many businesses require a lot of time or money to get going, here are some that may be up your alley in terms of low start-up costs:Well before the pandemic forced many restaurants to close down, people were already opting for food delivery, and the numbers continue to increase over time. This allows you to receive a commission for each sale you make without the need to have any inventory, eliminating the worry of goods sitting idle somewhere that aren’t being sold.If you have a skill set that is marketable, consider opening up your own consultancy. This allows you to charge based on how extensive or in-depth your knowledge is on a particular thing. Consulting can be very profitable in the B2B context as you build up from smaller start-up clients to big corporate clients.
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Source: IndependentSG - 🏆 9. / 63 Read more »