7 Effortless Business Ventures Promising High Returns
If you’re an entrepreneur who’s not afraid to get hands-on, you can make a profit with a low-touch business. While you’ll need to invest some effort upfront, the return on investment can be substantial. Many service industry businesses require constant attention to keep running, but it’s smart to start with a business that needs less ongoing input. So, which businesses offer good returns without needing much human interaction? Here are some excellent options.
One of the best ways to make a living online is by selling digital products. These can be sold endlessly once created. You can sell them on your website, through affiliate programs like Amazon, or as part of a subscription service. You can even use your blog to promote other people’s products and earn commissions when someone buys through your links.
Parcel lockers are another great low-touch business idea. These outdoor lockers can be used for delivering mail and packages to travelers or temporary residents. Customers pick up their online orders from these lockers, and you get paid for providing access. Thanks to technology, access is keyless and managed through an app.
Vending machines should definitely be on your list for a low-touch business. They’re a fantastic investment because they generate income with minimal oversight. You can purchase used machines from online auctions or buy new ones. The variety of products you can sell and locations to place these machines are extensive.
RV parks make another great low-touch business option. You simply rent out space without offering additional services. Advertising the availability and guiding people on where to park is straightforward. You can even offer free space to experienced RVers in exchange for help managing the park.
Starting a courier service is another excellent way to launch a business with minimal capital and technical skills. If you can drive, you can earn money by delivering for others. You can start small and hire drivers as the business grows, making it a low-maintenance option. Just remember to include insurance and other costs in your business plan.
Drone piloting is ideal for those who love to travel. You can be paid to fly drones and don’t need to be physically present where your clients are, avoiding the need for special visas or permits. Just ensure you’re qualified by completing a drone flight program. The return on investment is high since drones are relatively inexpensive and can earn significant hourly rates, though some training is required.
Developing apps that solve problems is another lucrative low-touch business idea. Apps have major advantages, such as not needing a physical location or employees. They are easier to market digitally and can be discovered through search engines and app stores. This makes app development a valuable small business idea with significant potential.