Starting a business can be an exciting journey toward financial independence, but it can also require significant capital investment. However, there are several low-cost business ideas with the potential for high profits that aspiring entrepreneurs can consider. Here are 15 such ideas:

1. Freelance Writing Services: With the demand for quality content on the rise, starting a freelance writing business requires minimal startup costs. All you need is a computer and internet access.

2. Social Media Management: Many small businesses seek help managing their social media platforms. If you’re savvy with social media, this could be a cost-effective business with high demand.

3. Handmade Crafts Seller: If you have a knack for creating unique handmade products, selling them on platforms like Etsy can be lucrative.

4. Online Tutoring: With expertise in a particular subject, you can offer online tutoring services to students globally.

5. Personal Fitness Training: For those passionate about fitness, providing personal training services can generate high profits, especially with remote or in-home sessions.

6. Home Cleaning Service: Start-up costs for a home cleaning service are relatively low, and there’s always a steady demand for cleaning services.

7. Virtual Assistant: Many entrepreneurs and businesses require assistance with administrative tasks but don’t want to hire full-time staff, making virtual assistant services highly sought after.

8. Website Development: With some coding knowledge, you can start creating websites for businesses that need an online presence.

9. Graphic Design Services: Companies always need graphic design work but may not have in-house designers, creating opportunities for freelance graphic designers.

10. SEO Consulting: As businesses compete for the top spots in search engine results, SEO consulting can become a highly profitable service to offer.

11. Digital Marketing Agency: With a deep understanding of digital marketing strategies and tools, you can serve various clients looking to improve their online visibility.

12. Translation Services: If you’re fluent in multiple languages, offering translation services can be done without major investments and has a broad market reach.

13. Mobile App Development: Developing mobile apps for businesses or as independent products can lead to significant profits if the app gains popularity.

14. Dropshipping E-commerce Store: Launching an e-commerce store using the dropshipping model reduces inventory and upfront costs while allowing you to sell products online globally.

15. Event Planning Services: If you have organizational skills and an eye for details, event planning doesn’t require much startup capital and has enormous profit potential when executed well.