Starting a business requires capital. For young and up and coming entrepreneurs, this is not always easy to obtain. The following are some low risk methods which you can use to start your first business.
1. Sell products online
You can sell all types of products of online. You do not necessarily need a laptop but a smartphone with internet access is essential. One idea is to source products from Alibaba and then re-sell them on Ebay or Amazon.
2. Sell your services
Some people make extra money by offering to do after hours part-time remote work. You can advertise your skills on places like UpWork and Fiverr. It is also worthwhile to reach out to people from within your industry on LinkedIn.
3. Drive for Uber or Lyft
If you need some fast cash, you can do driving for Uber or Lyft. It will not make you rich but it can help you to raise money to pay your bills.
4. Rent your house as a vacation rental
If your home is in a popular destination, you can rent it on a place like AirBnB. You could also use a platform which specializes in short-term rentals such as InvitedHome or Luxury Retreats.
5. Do tutoring or assisting?
Did you excel in a subject during your high school or University days? If so, you could offer to assist people doing the course for a fee. You can use places such as Facebook and social media to advertise your services.
6. Sell items that you do not need
There are bound to be things lying around in your home that you are not using. You can make money out of them by selling them to second hand stores or during garage sales.
Source Link: https://www.entrepreneur.com/article/305601