We all have heard stories of how big companies such as apple, amazon started from a basement or a garage. Their success makes us wonder what if we start our own business but the challenges and complications faced when starting a business push us away from the idea. The fact of the matter is, we all have been dreaming to start our own business but the task of establishing a business can be intimidating, there are so many questions that need to be answered that stop us from pursuing our dream. Where do we start? How would we get the capital for the business? How much of my time will the business require?
Well, in this guide we will answer all the intimidating questions that have been stopping you and share a few low-cost business tips and ideas that you can start from your own home.
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10 Low Cost Business Ideas in Dubai
Service-providing businesses are immensely inexpensive and don’t require a lot of effort to set up. You can basically start your own services business today from the comfort of your home. So, here is the list of the top 10 low investment business ideas that you, with little to no cost, can start from your own home today.
1. Video Producer
There are many social media platforms out there where small businesses can upload videos to promote their product. But most small businesses don’t have the capability to produce videos that will help reach new customers and market their products or services. I own the equipment required to make videos and have the skill set, you can establish a production house and produce marketing videos for small to medium-sized businesses in Dubai.
2. Tuition Centre
The online education business is developing so rapidly with the assist of technological transformation and vast usage of the internet. Both parents and students are enjoying the online learning experiences to achieve their aptitude. It has become a promising path to start and make a business out of it, both for teachers and professionals. You can certainly grab a slice of that pie if you have in-depth knowledge about a particular subject and can tutor concepts to others. It shouldn’t cost you much to set up a tutoring center.
Influencer marketing is a trendy marketing phenomenon that everyone is talking about. It has become a dominant marketing method and every major brand and company is using it. From car manufactures to video game developers, all kinds of businesses are collaborating with influencers to promote their brand. Being an influencer has become so attractive that it’s no wonder that everyone is trying their hands at it. Firstly, you need to pick an activity or product you’re really interested in. For example, make-up products, video games, etc. And start making content around it on the various social media available to you. Once you attract enough followers you can easily get sponsorships and start to market products for companies.
4. Social Media Specialist
In today’s digital world most companies recognize the significance of social media platforms and the many opportunities and advantage it gives to the business. You’ve witnessed it yourself how products and brands trending on social media can generate sales, build brand value, establish customer relationships, and increase business credibility and overall reputation. Unlike bigger companies, small businesses can’t afford to establish an entire department for social media management. This gives you an opportunity to start a social media managing service for smaller businesses. You’ll need to hire a small team to research trends and manage accounts for your clients. The cost to form a social media managing company isn’t high but you’ll put in a lot of hours and hire more employees later on according to the needs of your clients.
Dubai is a city where people from different parts of the world come to live or on vacations. If you or someone in your family is fluent in more than one language you can start a translation service business. A lot of foreigners come to Dubai and are not familiar with the local language or English language, they need translators to communicate with the locals. You can easily help them and make a business out of it. Translator service required literally no cost to set up. You just have to set up a Facebook page and network with tourist guides.
6. Child Care Service
If you’ve been looking after kids since you can remember. Healthy meals, educational games, and nap time routines — you’ve got them all down. It’s your time now you’re ready to take the next step. This is the perfect time for you to open a child care business. In Dubai, Fewer than 1 in 3 toddlers stay home with a parent during the day, as the number of single-parent house-hold continues to climb and more dual-parent homes demand dual salaries. These families require child care providers who are caring, tranquil, and proficient. Most likely you’ll see the out-turn immediately if you set up a child care company in the region. The majority of the people in UAE’s metro cities are quite wrapped up. So, individuals will acquire your services.
7. Handyman Service
If you’re one of those people who fix things around the house themselves, the handyman service is an ideal business for you to start. A handyman business commonly provides different types of repair and maintenance services to household clients. Most jobs are comparatively small and uncomplicated. For example, moving furniture, replacing a showerhead, changing water pipes, or installing curtains. High-income households with busy routines as well as old people who are unable to do the tasks by themselves are your ideal customers. The variety of services you could offer will depend on your personal skills and training, and your customer’s requirement. To get started you will have to register your company and get a business license from the Dubai Department of Economic Development (DED). After your business launch, the key to your success depends directly on marketing and the quality of work you do. For example, networking, and online marketing, word of mouth, quality customer service, and surpassing customer expectations. As far as networking, you can start by reaching out to general contractors in your local area. These general contractors are always in need of subcontractors.
8. Tour Guide
Dubai has evolved over the years to become one of the world’s most esteemed and desired tourists attractions, enticing foreigners from different sections to its shores to experience what the ‘must-visit destination has to offer. Dubai is famous for its tourist attractions such as Burj Khalifa, hotels, shopping malls, skylines, and beaches. So, if you’re a local, living in Dubai for a long time, and know your way around the city you can establish a tour guide business. It’s the most successful low-cost services business for Dubai.
9. Event Planning
Event planning is a high-profit business that you start from home. You can start with planning and organizing birthday parties or anniversaries for your friends & family, and in your neighborhood. The job requires renting properties and equipment, managing caterers and stuff, but most of the coordinating work is done from home. For a sociable, extrovert person who is also good at organizing and managing, this is an exciting job and can be very affordable to get off the ground.
If photography is your hobby, you can turn that into a business. You will need to invest in a good professional camera. Start with doing photo sessions for friends and family, after you have made up a portfolio request for referrals. The best way to market your business is on social media platforms so join Facebook and Instagram pages.
Some other options are as follows:
- Property Management Business
- Computer-related business
- Making a consultancy firm
- Business-related to entertainment
- Food process plus delivery services
- Recycling Business
- Setting up a recruitment agency
- Poultry farming or fish farming business
- Arts and crafts business
- Business of bookkeeping
- Services of handyman
- Providing IT Services
These are just a few business ideas that you can launch from your home with a small budget. Evaluate your individual skillset, potential, and interests and make a decision accordingly.