Investing is a great way to make your money work for you and it doesn't take much to get started.

A small investment can lead to a large return on your money, and the earlier you start, the more time your money has to grow.

Best 10 small investment business ideas to start in 2023

These 10 small investment business ideas are great for beginners, or anyone with a busy schedule, and they enable you to start a side business without sacrificing other responsibilities.

1. Sell a service

Self-employment can be a lucrative endeavor if you offer services. The biggest investment you'll make in a services-based business is your time. There are only so many hours in the day. If you have skills in demand, that makes it easier to get started.

It is possible to build a business around your skills as a writer, graphic designer, virtual assistant, SEO expert, cleaning service provider, dog walker, real estate professional, etc. These skills can be offered as a continuing service or as a consulting service. As a result, it has the potential to expand with any of the other business ideas above to create additional revenue streams through the production of physical or digital products.

To increase your chances of getting discovered, you can also offer your services through freelance marketplaces like Upwork, Fiverr, or Freelancer.

2. Launch your own book

Get your book published and make money

The first step to publishing a book is to write. You can use any type of written work as a starting point, such as blog posts or articles. You can also create an outline for your content before you start writing.

Next, you will need to find a publisher or self-publish your book. There are many different ways to publish your own book and the best way for you will depend on what type of writer you are and how much time you want to spend on the project.

3. Create an online fashion boutique

An online fashion boutique is a business that sells clothing and other accessories over the internet. The idea of an online fashion boutique is to create a website where people can buy clothes and accessories without having to leave their homes.

The first step in creating an online fashion boutique is to set up the website. This includes deciding on a domain name, designing the website, and setting up social media accounts for the business. Once this has been done, it's time to figure out what products will be sold on the site.

4. Start a Dropshipping business

Dropshipping is an e-commerce business model where the store doesn't keep any inventory but instead relies on a wholesaler or manufacturer to provide the products. Dropshippers typically offer products at low prices by purchasing items in large quantities from a supplier at a discounted rate and then passing the savings on to customers.

Dropshipping has been around for years now, but it's still one of the most popular ways for people to start their own online businesses. The reason? It's easy to do, and it doesn't require much upfront investment.

5. Sell your photography

Photography is an investment business. It is not just about taking photos. It is about making money from those photos.

A good photographer needs to have the following skills:

• Creativity and innovation
• Ability to make a profit
• Ability to take risks
• Patience and perseverance
• A sense of adventure and a desire to explore the world
• Confidence in themselves and their work
• An eye for detail, composition, light, color, texture, balance, and composition

6. Real Estate Agent or Broker

Real estate agents and brokers are the professionals who help people buy, sell and rent a property. They have to have knowledge of the local market, including prices and trends. They also need to know how to negotiate with buyers or sellers on a person’s behalf.

Some real estate agents work independently, while others work for a company or property management company. Real Estate agents may specialize in a certain type of property such as residential homes, commercial buildings, or industrial properties.

Researching the area's real estate market and understanding both commercial and residential prospects could lead to the creation of a real estate agency. Broking a deal could earn you a handsome commission if you have superior communication and people skills. It brokering a very small investment to get started. As you expand your network and become involved in more deals, the commissions you earn can make it highly profitable.

7. Join an affiliate marketing program

Affiliate marketing is a type of performance-based marketing.

There are three main types of affiliate programs:

• Affiliate networks: Affiliates promote products on their own sites and when visitors click through to the merchant's site and buy something, the affiliate earns a commission.
• Ad networks: These companies offer advertisers access to affiliates who have agreed to promote certain products.
• Referral programs: A company rewards its customers with a referral fee for referring new customers.

8. Build an audience you can monetize

The most important aspect of building a successful business is the ability to monetize. Without monetization, you are just wasting time and money on a venture that will never succeed.

The first step in monetizing your audience is to find out what they want. This can be done by looking at their comments, posts, or even what they buy. Once you know what they want, you can start providing it to them and eventually charge for it.

9. Start a beauty business

During the pandemic, the beauty industry did very well. In 2020, 55% of health and beauty business founders reported being satisfied with the performance of their companies. A business that offers different delivery services and sells online will continue to succeed. 

• Some product thoughts with excessive demand are:
• Personal care merchandise like hand soap and sanitizer
• At-home spa rituals like face masks
• Beauty science like rub-down guns, clever mirrors, and make-up fridges

10. Become a social media management consultant

Social media management consultants are in high demand, and there is no better time to get into the game.

The social media management industry has grown tremendously over the past few years, and it’s expected to continue growing steadily. As a result, there is a lot of opportunity for social media managers who want to make a living by running their own businesses.