 Who doesn't like the idea of making so much money, especially if it's theirs? Not their boss. My guess is, no one. Although when you think about business, it sometimes sounds scary going through the process of production, quality checks, sales and marketing, delivery, etc. That is undoubtedly a whole lot, both in terms of finance and effort. However, do you know that there are few businesses that require a minimal cost to begin? You might have to put in the work. But if correctly done, it won't be out of place to expect a high profit at the end of the day. In this video, I'll share with you 9 low cost businesses with high profit potential. If you are new here, consider subscribing so that you don't miss out on exciting videos like this. 1. Consulting. If you are a professional in a field, perhaps you can consider becoming a consultant so that you can advise people and give them tips and strategies that can help them become successful in the industry. In exchange, you get paid. You see, the knowledge you have acquired while working on a particular job is in a waste. So why not use that knowledge to provide guidelines to those who need it? At first, you may feel inadequate to do this, but the truth is that, if it has helped you become a success so far, it can help others too. You only need to believe in your ability to do it and go for it. J. An American business executive and author said, You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence and success. The problem is, you just don't see them. Growing companies continuously seek advice and strategies to help them. You can become their consultant and you don't even need money to start. Highlight your portfolio and market yourself. You can also do a free few jobs to improve your profile as well. 2. Freelance writer. Do you have a thing or two for writing? Then become a freelance writer. Freelance writing allows you to make money from the comfort of your home, say $1000 a month. You can start your freelance job working for yourself by creating a blog or working for an organization. However, getting a big deal as a freelance writer might be challenging until you build a high profile for yourself. To do that, you can start out writing excellent content on different platforms for free so that you can easily land your first few clients on those websites. As a freelance writer, you can make an extra $500 to $300 a month depending on your employer's article rate and how many articles you can produce in your spare time. 3. Home services. There are a thousand and one home service jobs that anyone can do. Think of babysitting, laundry, coaching, pet watching, cooking, etc. These are only a few examples of home service businesses that anyone can start quickly from the comfort of their homes or the homes of their employer. The good thing about these jobs is that they don't cost anything to start. It's like this. You only need to provide a service, your time and a bit of your effort, which will be compensated on an hourly, daily, monthly basis depending on the terms of the agreement. 4. Become a virtual assistant. Service owners need people who can help them on various projects to maximize productivity. Hence, they count on virtual assistants to help grow and maintain their brands. A virtual assistant is an assistant who works in a remote location as opposed to a company's office. They can help with tasks such as administration, social media, bookkeeping, and more. Also, you'll be responsible for administrative work such as shuttling meetings, replying to emails, entering data, and undertaking certain social media activities among other tasks. Here's the thing. It might be a little challenging at first because finding clients won't be easy. However, once you have got the hang of it, it becomes easy. To start with, you can sign up on websites that allow clients to scout through several virtual assistant options and then make their choice, or you could join Facebook groups for business owners and retailers, and then offer your services. 5. Dropshipping business. Dropshipping is about the most popular of these businesses. It allows you to sell the product directly to the customer without having to buy any inventory. It means that you don't need to invest any money purchasing any product, minimizing your risk. The manufacturer bids the cost of production and shipping product to the customer. You only act as a middleman connecting both manufacturers and customers while you earn a commission for every successful business transaction. To run this business successfully, you only need to build a broad audience by running tons of ads on social media. 6. Another business that can earn you a high income is becoming a property manager. Investopedia describes property management as the overseeing of residential, commercial or industrial real estate, including apartments, detached houses, condominium units, and shopping centers. It typically involves the managing of property that is owned by another party or entity. You can become a property manager and perform tasks like taking calls from tenants and arranging for maintenance. You can even offer to show apartments, screen tenants, and collect a rent. 7. Become an Uber driver. Do you have a car? Can you drive? Then, there is nothing stopping you from making so much money. Become an Uber driver. As an Uber driver, you get to drive people around from location to location, exploring your city even more while earning money. You can sign up for instant pay so that your earnings will be available immediately to a debit card. 8. Sell used items. If you have items that are no longer useful to you, such as books, jewelry, wedding dresses, and electronics, you can consider reselling these items. Thanks to social media alongside a couple of platforms, you can make sales quickly. To do this, take beautiful pictures of the items and put it upside for selling certain used items such as Amazon, eBay, Gazelle, and a lot more. You can even broaden the scope of your business by reselling other people's used items as well and earning a commission on every sale you make. 9. Start selling your creations. If you know how to make bags, shoes, clothes, or you know how to take pictures, edit videos, create beautiful graphics and their likes, you can start a business where you sell your creations to people who seek your services. If you consider yourself a professional in an area of a field, you can write a book or e-book and sell as well. The good thing is that there are a lot of online platforms that can help you with your sales. You can either use social media, contact bloggers, and YouTubers to run ads for you while you pay a small fee or consider sites like Amazon, eBay, Gazelle to sell these items. Starting a business that can earn you a lot of money isn't so difficult after all. Which of these ideas would you like to start? Thank you very much for watching our videos. If you like this video, watch more videos on our channel and subscribe. We love you.