21 Business Ideas For Beginners: Start With Up to 1 Million Capital

What’s the best business idea for beginners in 2024? Is it a business that’s entirely done online? A business entirely done offline? Or a business that can be done both online and offline without tight schedules?

In this post, I will show you over 20 business ideas that you can start as a beginner in 2024 to start making money.

The best part, I have also included small profitable business ideas that you can start without capital.

Read to the end to find unique business ideas that fit your skillset and that you can do with or without a full-time job.

21 Beginners Business Ideas For 2024.

Here’s our ultimate list of business ideas for anyone just starting out on the entrepreneurship journey.

Start either of these businesses with little to no capital.

1. Beginner business ideas, start a blog (Start for FREE or with $2.65 per month).

Even if you have never written anything in your life, you can start a blog that makes money in 2024.

How, you ask?

By leveraging tools such as Jasper.ai to help you write your everyday blog posts.

If you don’t already have a blog, consider using Bluehost for hosting. You will get a free domain name on any package you choose.

As a beginner, can I start a blog for FREE?

Yes, there are a number of content management systems (CMS) that will allow you to start your FREE blog. For example, you can start a free blog on WordPress.com, Wix, Medium, Blogger, Tumblr… you name it.

How to start a blog that makes money, beginners guide.

Any blog can make you money regardless of if it is created on Instagram, medium, Facebook, Tumbler, Wix, or WordPress.

To start making money as a blogger, consider partnering with Google Adsense or using affiliate marketing.

How to start a blog on Instagram.

It’s easy. First, create an Instagram account, choose a niche, update your bio, take attractive images, write blog posts, use relevant keywords, Geotag your posts, and monetize your Instagram traffic.

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2. Start Trading With Your Phone (Minimum deposit amount $10); best for beginning investors.

Trading is an activity that lets you earn money on price fluctuations of different assets such as currency pairs, commodities, and stocks.

In order to start trading, you will need to first create a trading account.

You should register a DEMO account on the Olymp Trade platform to get $10,000 demo units which you can use for trading practice.

Can I do stock trading on my phone?

Yes, if you create a trading account on Olymp Trade you will be able to participate in the stock market through the stock price trading platform.

How to start Forex Trading

Forex trading is as easy as 1,2,3 and you can use a demo account to learn how to trade, create trading strategies, and figure out your chosen trading platform.

If you are totally green about this trading idea, consider taking trading courses online or offline to learn the ropes.

It will save you a lot of money.

Successful trading strategies.

There are lots of ready-made strategies that you can use to make money trading. But perhaps the easiest and most successful trading strategies are the ones that involve price action and a bit of technical analysis.

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3). Print-on-demand business (start this business with no money).

If you have a knack for design and are interested in starting your own business, then a print-on-demand business may be right for you! With this type of business, you simply create designs and upload them to a printing company’s website.

Once someone orders one of your prints, the company will print it and ship it to the customer. This is a great business idea for beginners because there is no need to invest in expensive equipment or inventory.

To get started, you will need to create a portfolio of your designs and find a reputable printing company to work with. You can also market your business online by creating a website or social media page.

4). Affiliate marketing, a business idea to start with no money.

Affiliate marketing is a great business idea for beginners because it is relatively simple to set up and can be done from home.

With affiliate marketing, you promote other people’s products or services on your website blog, or even social media pages and earn a commission for every sale that you make.

To get started, you will need to create a website or blog and find a good affiliate marketing program to join.

Some of the best affiliate marketing companies to work with include:

• – Amazon Associates
• – CJ Affiliate by Conversant
• – Rakuten Marketing

Once you are signed up with an affiliate marketing company, you will need to create some promotional content and start promoting the products or services that you are affiliated with.

You can also use social media, email marketing, and paid advertising to promote your business.

5). Dropshipping, is another great business idea to start without money.

Just like affiliate marketing, dropshipping is a great business idea for beginners because it allows you to sell products online without having to keep any inventory.

With drop shipping, you can find or create your own website and integrate an e-commerce platform such as Shopify or BigCommerce.

Once your website is set up and ready to go, all you have to do is find a supplier who will ship the products directly to your customers.

To get started, you can search online for dropshipping suppliers in your area or use a service like Alibaba or AliExpress.

Once you have found some reliable suppliers, start adding their products to your website and begin marketing them on social media and other online channels.

6). Bakery business (Start with Ksh. 150,000 or less).

If you are a foodie and want to start your own business, then starting a bakery may be the perfect choice for you!

To get started, you will need to find some space in either commercial or industrial areas that can be used as retail locations. You will also need equipment like ovens and other kitchen appliances.

Once you have found the space and equipment, then all that is left to do is get some supplies like flour, sugar, eggs, and butter. You can also hire a chef to help with baking if needed.

7). Carwash business, is this business best to start for beginners?

If you are looking for a new business idea that can generate some extra income, then starting a carwash may be just what you need!

The cost required isn’t much and you can devise a way of doing it without having to hire too many people or even pay for a premise.

To get started, you will need to find an area with a steady flow of traffic and plenty of parking so that customers can easily access your business.

You will also want to set up a website where potential clients can see what services are offered at the carwash and make appointments online.

If it’s convenient for you, also offer mobile car wash services. This can be a great way to attract more customers who are too busy to sit at the car wash.

8). YouTube Channel (Requires no capital to start).

YouTube is a great platform for anyone who wants to start their own business. With over one billion active users, there is no shortage of potential customers.

The best part about starting a YouTube channel is that you don’t need any money to get started. You can simply create a channel and start uploading videos.

To get started, you will need some basic video editing skills and equipment like a camera or smartphone.

Once your channel is up and running, it’s time to start creating content that will help people learn more about your brand.

You can create videos on anything from cooking tutorials to fitness tips – whatever interests you! YouTube provides an opportunity for you.

9). Sell Electronics (Start with Ksh. 300,000).

If you are looking for a good business with low startup costs, then selling electronics may be a great option for you.

All you need to get started is a small retail space and some inventory. You can find affordable electronics online or at local wholesale stores. If you are in Kenya, consider getting your supplies from Luthuli Avenue or from Kampala, Uganda.

Once you have your stock, start marketing your business on social media and other online platforms. You can also offer special deals and discounts to attract more customers.

10). Is the motorcycle spare parts business idea best for beginners? 

If you are mechanically inclined and have some knowledge about motorcycle repairs, then starting a motorcycle spare parts business may be a great option for you.

Motorcycle spare parts can be sourced from local dealers or online stores like Alibaba or internationally – in Uganda.

Once you have your stock, find a retail shop in Juakali, Grogon, or downtown to sell these parts.

11). Why furniture business is a good business idea for beginners

If you have a flair for interior design, then starting a furniture business may be the perfect choice for you.

To get started, you will need to find a retail space and some inventory. You can find affordable furniture online or at local wholesale stores. If you are in Kenya, consider getting your timber directly from Timsales and fabric from any local market near you.

12). Sell Laptops (Start with Ksh. 1,000,000).

If you are looking for a high-margin business, then selling laptops may be the perfect option for you.

To get started, you will need to find a retail space and some inventory.

You can find affordable laptops online or at local wholesale stores. Other than selling new laptops, also stock refurbished laptops as they have the largest market share in Kenya.

13). Start a business selling plastics (Start with Ksh. 30,000).

If you are looking for a business with low startup costs, then starting a business selling plastics may be the perfect option for you.

All you need to get started is a small retail space and some inventory.

You can find affordable plastics from plastic companies in the Industrial area.

14). Boda Boda Business (easiest business idea for beginners)

This is another business that you can start in Kenya with no money. All you need is a motorcycle or a bicycle and you are good to go.

The Boda Boda business is one of the most profitable businesses in Kenya. This is because there is always a high demand for transportation services, especially in rural areas.

If you are looking to start a Boda Boda business without money, consider riding for other people for starters. Save Ksh. 10,000 and get your own bike on a loan arrangement.

15. Digital Marketing (Start with Ksh. 50,000).

If you are looking for a business with high growth potential, then starting a digital marketing agency may be the perfect option for you.

To get started, you will need some basic marketing and advertising skills. You can learn these skills online or through local training institutes.

Once you have your skills, start marketing your services on social media or use the 50K to set up a good office.

16). Sell chips and Fish (easy-to-start business idea for beginners).

If you are looking for a business that can break even fast, then selling chips and fish may be the perfect option for you.

All you need to get started is a small retail space and some inventory. You can find affordable inventory from local suppliers in the Lake and mount Kenya regions or at the local markets near you.

Once you have your stock, start marketing your business on social media and offline by giving out flyers. You can also offer special deals and discounts to attract more customers.

17). Business Consulting (Start with Ksh. 50,000).

With some business experience and marketing skills, you can start a business consulting firm in 2024.

To get started, you will need to set up a small office and market your services. You can market your services online or through local marketing institutions.

Once you have some clients, start charging them Ksh. 5000 per hour for your consulting services. This is a high price point but it will ensure that you make good profits from your consulting business.

18). Business Plan Writing (Start with no money and no experience).

If you are looking for a business that requires no experience and little to no marketing skills, then starting a Business plan writing may be the perfect option for you.

To get started, all you need is some computer and internet skills. Business plan writing is one of the most profitable businesses in Kenya.

19). Business Brokerage Ideas for Beginners

This business requires some experience and marketing skills. To get started, you will need to set up a small office and market yourself as a business broker. You can market your services online or through local marketing institutions.

20). Car Hire Business Ideas for Beginners

This is another business that you can start in Kenya with little to no money. All you need is a car and you are good to go.

And, the car doesn’t have to be yours either. You can manage cars for other people and pay them an agreed amount.

Most fleet management businesses pay car owners Ksh. 40,000 for saloon cars and they charge Ksh. 3,000 per day, for hire.

You can use the 50K to rent office space and to register your business.

21). Cosmetics business ideas for beginners

With Ksh. 150,000 only, you can start a cosmetics business that will turn over Ksh. 350,000 per month.

To get started, you will need to set up a small retail space and stock it with cosmetics. You can get cosmetics wholesale from River Road, Dubois, or Kampala, Uganda.

Once you have your stock, start marketing your business on social media and through word of mouth.

There you have it. 21 small business ideas for beginners. Start with or without money.

What do you think? Leave your thoughts in the comments below.

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