Service-based businesses often top the list when it comes to cost-effective startups. They primarily rely on your existing skills and expertise rather than on substantial capital investment.
Creating and selling digital products is another low-cost business idea with high profit margins. They require time to create but become a source of passive income.
With a clear understanding of the market and strategic planning, starting a business today doesn't require a massive upfront investment and can yield high returns.
The demand for virtual assistants has skyrocketed, as businesses shift online. A virtual assistant can manage tasks like scheduling and customer service with minimal upfront costs.
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