HomeBusiness15 low-cost small business ideas you can start right now
15 low-cost small business ideas you can start right now
October 27, 2018
It takes a winning idea and dedication to start your own business.
Today, we find many people who aspire to start their own business to feed their passion and leave the daily grind of their job. If you want to start a business but don’t have a lot of startup money, you will find these 15 business ideas worthy without spending a lot of your bucks.
If you have the skills and passion, you can successfully start your own business from scratch without spending a fortune.
Fair advice: Every startup needs patience; you cannot get rich quickly or become a millionaire within a few days. You need to take the baby steps to achieve something big.
Here are some easy businesses ideas to earn a good living with the satisfaction of being your own boss.
Chatbots are trending these days. Every company needs to embrace messaging with chatbots now. And if you can make them for free without coding for companies, it will open the doors of opportunities for you. Chatbots now has become a huge opportunity for companies to engage with their customers, and increase their marketing.
You can start a business of making chatbot easily without any learning of coding. All you need to do is:
If you have a certain level of the marketing background, then this job will be the best bet. And if you don’t have any expertise but the interest in the field, you can invest some of your bucks in online courses. It is not only a cheap solution, but it will also provide you with some useful tools to start your own digital marketing agency, which you could expand in the future with your passion and dedication.
The Marketing industry is vast; many fields are opening up today to offer you multiple choices.
Many companies want freelancers who can provide them with an SEO-friendly marketing copy, generate leads and customers.
You can also offer to upload the optimized content to their websites and boost their SEO with:
Powerful Meta descriptions
Good Meta titles
Right keyword density
Right Tags and categories
Images with SEO optimized alt tags
Start an Affiliate Marketing business
Affiliate marketing is effortless to start and allows you to earn a commission by promoting other companies’ products. Choose a product you like, promote it, and generate a profit on each sale from your marketing efforts. You can quickly start an affiliate marketing business if,
You have your own website or blog
You can lead visitors to your site
You already run successful affiliate marketing
Go for Editorial Services
You can be an editor and make money with it. It is an easy way to start your business. It doesn’t require any initial monetary investment and has considerable potential for growth. From small and large enterprises to students and writers, you could have an endless client base. You can offer the following editorial services to your clients:
Newspaper article writing
Start your own E-commerce Store
If you have a line of great products but have a limited amount of bucks to invest in opening a physical storefront, hire staff, and pay the bills, you can open an online store. It offers you endless marketing opportunities and lack of monetary investment. By setting up your own e-commerce store, you can:
Sell your products all over the globe
You can make money 24/7
Run promotions smoothly
Cross-sell via social media platforms and your website
Run marketing campaigns through social platforms
Provide Food Service
People love to eat; if you provide them with organic hygienic food, then it would be a bonus for them. We are all health conscious after all! You can start your food delivery service from your home. Deliver home cooked food to offices and other places and earn money by investing a low amount of your money. It only requires cooking and delivery cost. And that’s not a big deal I guess!
Be a Virtual Assistant
Do you have a strong organization and time-management skills? If so, then you can make money with your talent by being a virtual assistant. All you have to do is making customers, coordinating travel arrangements or maintaining databases. The investment cost will only be your phone bills. You can charge $20-$35 per hour based on specific projects.
The tools you need to start this business are high-speed internet access, computer, fax/scanner, and office suite.
Become a Photographer
If you are a photography enthusiast and love to click photos, then you can use your skills to make money. Becoming a photographer can help you earn big because on every business occasion or other special events people call the photographer to capture the moments. You can market yourself on social platforms without any cost. Just use social media wisely.
Tutoring is the best business idea if you have expertise on a respective niche. The Tutoring business has reached US $6 billion worldwide, and it has been stated that in the last five years it raised by 40%. This is not the end until the literacy rate reached 100%.
To start a tutoring business will be an excellent idea when you know that you can gain big from the industry. Today, everything is digitized and people spend most of the time online. Then why not take advantage of it? You can make a starting step by taking help from the online webinars. You can teach your students, record your videos and upload them on YouTube via YouTube channel. Or you can also share them on any social media platform.
Start a Coupon Business
Coupon industry is vast and gaining popularity. Today almost all food, beverage, and health industry are using coupons the most with 28% and 18% share respectively. It has been estimated that 2.3 in 5 companies are using coupons to sell their products today. And we all love to buy discount vouchers for buying our favorite items on a low budget.
Every third person you will see use coupons or asking about where to buy coupons. So start your Coupon business today by selling tickets online and earn money by making people happy.
Start Freelancing If you have skills in your industry
Freelancing is the most trending business these days. You will find many freelancers out there utilizing their skills and earning money. Start your freelance business while you are keeping your day job. It will be an excellent part-time source of making money.
From editing, web designing, developing, graphic designing, marketing, video production, editing, etc. there are vast opportunities for you. Just look for the websites that pay a reasonable amount to freelance gigs. Search for your industry on the sites like LinkedIn’s ProFinder, Freelancer, Upwork, etc. They will be great starting points for bringing clients.
Start your own YouTube Channel
YouTube is a great way to earn money online. It has more than 1 billion visitors per month. So you can estimate the possibilities of earning from this site. Some people use YouTube as a medium to gain a healthy income from ads on their regular videos.
All you need to do is a strong YouTube following. Find the trending topics, develop your unique spin, and learn how to engage with your target audience. In that way, you’ll be able to start implementing ads on your videos. If you want to move it to the next step, launch your own website which gives you even more monetization opportunities.
E-bay is the pioneer of online retailing; you can gain big by selling products on e-bay with the right marketing tools. E-Bay Is an inexpensive, lucrative selling platform for everything from broken tools to real estate.
Fair tip to earn money through e-bay: Buy items from the retail stores that have discontinuing product lines at a discounted price and sell them on eBay.
All you need is to spend 20-30 hours per week to serious eBay sales, and you can easily earn $1,000 to $2,000 a month. It is not that significant amount, but throughout a year, you could easily earn by working full-time at a minimum wage job.
Start making WordPress websites
WordPress powers 30% of the internet and has active users on the platform. The demand for having a website on WordPress is increasing day by day. Many small business owners, especially e-commerce likes a WordPress hosted site to run their business. If you have expertise in WordPress or have the time to invest, you can earn a handsome amount of dollars by just launching a website.
Become a music teacher
Everybody loves to enjoy music and somehow desperate to learn it. You will find many people who want to learn the basics of music. If you have the skills and passion for music or love for teaching, you can earn money by being a music teacher or consultant.
You don’t need to travel for a job search; you can make Skype sessions to earn big. You can make $20 to $200 per lesson on a Private music session, depending on the type and the level. It is an excellent source of earning and feeding your passion both at once.
The Bottom line
Starting a business requires startup cash, but most importantly it requires your investment of time and energy. If you find pleasure in what you are doing; even the little achievements will bring you far more satisfaction.
I hope that these cheap business ideas will surely pave the path to start your own business. Let me know how these ideas worked for you.