5 Current Business Ideas with Low Capital for Millennials

Many people want to open their own business but end up backing out just because they believe the idea of starting a business requires big capital. Even though in today's technological era, starting a business can actually be done with minimal capital.

Steve Jobs and Bill Gates became one of the popular figures who started the business from the ground up .

Their business journey started from a garage, and has now become a world-class giant company. Now, the technology they developed is needed by the whole world and also helps in running a business with minimal capital.

If you are millennials or generation Z who are already familiar with technology, here are some minimal-capital business ideas that you can run from the official website of Bina Nusantara University at binus.ac.id.

1. Social Media Management

The era of digital technology requires every business person to migrate to internet marketing. One of the most widely used internet marketing channels is social media such as Facebook, Instagram, YouTube, and even Tiktok.

Many of these business owners don't have enough time to manage their own social media accounts so they need a dedicated team. This is where a business opportunity arises to offer services as a social media manager.

The job of a social media manager is to build brand awareness, create and share content, and interact with followers. Interestingly, you can do this business online and without any capital at all.

2.Photography

If in the past photography services required professional photography equipment priced at millions of rupiah, now you can sell photos taken with a cellphone camera. You can sell these shots on microstocks such as ShutterStock, Pixabay, etc. Commissions can also flow into your pocket every time a photo is downloaded from the platform.

In addition to selling photos through the microstock platform, you can also offer product photography services for business people. The reason is, now many business actors need product photos to be posted on their social media accounts.

3. Video Production

This business is perfect for those who like shooting and video editing. Now video maker and video editor services are needed by companies that post content on Youtube, Instagram, and Tiktok.

If you're good at this, why not just turn it into a business? What is needed to start this business is a gadget to take videos and video editing software.

4. Private tutoring services

The pandemic conditions have turned conventional learning into distance learning. Undeniably, this condition actually increases the need for private teachers. The reason is, not all children can study independently at home while parents do not always have time to accompany them to study.

With this great prospect, there is nothing wrong with opening a private tutoring service. To run this business, you don't have to go directly to teaching tutoring. As a business person, you can form a teaching team and connect them with students who need private lessons.

5.Take Away and Delivery Special Culinary

Opening a restaurant does require a large amount of capital because you have to build the restaurant itself and provide the facilities in it. However, with minimal capital you can start a culinary business that only serves take away and delivery.

Especially with the current pandemic conditions, people prefer to buy take away food or order delivery. If you don't have employees to deliver, you can take advantage of food shopping platforms such as Go Food, Shopee Food, and Grab Food.

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