1. App Development If you have a great idea for an app and the skill set to make it happen, app development can prove to be a lucrative and rewarding endeavor. Be sure to do a little research to make sure your idea hasn’t already been developed and that there is a potential market for it before looking for investors.

Online business ideas 1. Social media consultant. With businesses striving to maintain a strong social media presence, social media consulting is a business you can start with minimal investment. Challenge 1: Keeping up with social media trends. Social media platforms and trends are ever-changing. Staying up-to-date can be a challenge.