What are some innovative business ideas I can start with little investment?
Here are a few ideas: 1) Dropshipping, 2) Digital marketing consultancy, 3) Online tutoring, 4) Handmade crafts.
Can you elaborate on the dropshipping model?
Sure! Dropshipping allows you to sell products without holding inventory. You partner with suppliers who ship directly to customers.
What are the pros and cons of starting a dropshipping business?
Pros include low startup costs and no inventory management. Cons are lower profit margins and reliance on suppliers for shipping.
What skills do I need to succeed in dropshipping?
Key skills include digital marketing, customer service, and basic financial management. Learning about e-commerce platforms is also beneficial.
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