Purchase, storage, collection, packaging, shipping – inventory management is a big commitment for those who have an online store. Today you must know some business ideas in this Business Reference Guide that require a minor focus on logistics, leaving room for the development of other aspects of the activity.
Low-cost, inventory-free business ideas are a great starting point for new entrepreneurs or anyone with a busy schedule, offering the opportunity to start doing business at minimal cost. You will still have to find a solid idea, build the brand, do marketing and provide customer support. But you won’t end up stacking the products in the living room by personally delivering them. Here are some low-cost business ideas that free you from the need to manage inventory –
Build a dropshipping shop
Drop shipping is a business model in which the goods are sent to customers on your behalf directly from the supplier. You can focus solely on the goal of making sales; you don’t need to personally manage the products. In short, drop shipping is a modern version of the oldest form of business: buying an item at a low price and reselling it for a profit. Except that, in this case, the supplier from whom you purchase is also responsible for delivering the product to the end customer.
Design and sell T-shirts with print-on-demand services
On demand printing services represent another drop shipping model in which inventory, shipping and order fulfillment are entrusted to a third supplier. The difference with the previous idea is that here the focus is on customizing products with an original design. T-shirts, caps, phone cases, hooded sweatshirts, skirts, tote bags and more become supports to show off your creativity. You can invent witty slogans about developers or references to cat owners; wherever there is a community with passion and pride, there is a potential t-shirt business to start.
Launch your book
You could write a book to satisfy a particular market demand – cookbooks, picture books, comics, photo books, art books or novels. On demand publishing is a relatively safe option to probe the waters and start publishing your book yourself. This solution gives you control over the quality and appearance of the book.
Create digital products or courses
Digital products such as music, courses and templates stand out from all the other business ideas on this list. In fact, these are intangible products. There are no recurring production costs or shipments to worry about, so profit margins can remain high. The secret lies in identifying what could be a good digital product. Which digital product is useful to the point that people are willing to pay to download it?