Finding a good business idea is sometimes difficult, so read our list of 11 best businesses to start with little money.
While most of us dream of having our own business, we usually lack one of two things: money or ideas. When start thinking about it, we encounter many problems and questions. How do I find a good business idea? How much will the startup cost? How do I start a business with little money? How do I make a business plan? How do I get people to hire me? It’s not easy to come up with a good business idea which will also be profitable and worth risking for. Especially if you are a beginner and don’t know a lot about developing a business plan and strategy. We understand how all this can sound terribly scary. Starting a business is a serious decision in which you invest all your time and money and it can be devastating if it doesn’t work out and you are left with no money and no job. It requires some serious thinking and courage to decide to risk it. Or does it? As always, we take some of your most concerning questions and research them so that you can relax.
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Even though startup costs can be extremely high and most of us can’t afford it without a loan from the bank or magic, but perhaps there is another way around it. Instead of being terrified by the number which will only discourage and limit you, try thinking about low-cost startup businesses that do not require a lot of money. Yes, it is possible to find them. When you research those businesses, and there are plenty of them, simply think about what would suit you best and what is it that you are good at. Perhaps there is a skill that you can cash and that you are not aware of or a hobby that you never dared to turn into a full-time job. Once you figure out what you can do best, start looking for ways to turn it into your business idea but with little money. If you advertise properly, you have great chances to succeed, and considering that we all use social media on a daily basis then you should look no further. Advertising on social media is the best way for a young entrepreneur to reach clients. It doesn’t require huge amounts of money, it is rather easy, and you never know who might see your ad and be interested in your services. On the other hand, if you are interested in knowing which businesses make the most money, then read our list of 15 Most Profitable Businesses to Start in 2016.
There is an enormous field of opportunities that you can explore if you are looking to start your own business. A great number of people nowadays tend to start home businesses because it is easier and with a low startup cost, sometimes even with a zero startup cost. We explored the business market to come up with ideas for you and we have found plenty of low-cost business ideas thanks to LinkedIn and Small Biz Trends, and we compiled a list of 11 best businesses to start with little money.
11. Taxi Service
To start a taxi service business you don’t need much in the beginning. In fact, you don’t need to invest money immediately. All you need is a car, so if you own one and you want to be your own boss, think about joining platforms such as Uber. Then when your earn and save some money, you can decide whether you want to stay there or become a regular taxi driver. It’s up to you.
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10. Home-Based Food Services
If you like cooking and baking and preparing all kinds of treats then you should definitely consider turning your skills into a profitable business. Catering is a great way to earn money while doing what you love. You can cook for different events, birthday parties, and social gatherings and the best part is that you don’t have to invest money in your business right now, as we all have basic things necessary for cooking. When the business starts paying off you can buy fancy equipment and expand your business. Get informed on what the rules and regulations for home-based cooking businesses are and start earning money.
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9. Photography
The next one on the list of best businesses to start with little money is great If you are passionate about photography and you would like to do this for a living, then why wait? Even though it sounds like a costly hobby, starting a photography business doesn’t actually need to be expensive. A professional camera and some knowledge about editing photos should be enough to get you started. You can specialize in a particular area such as weddings and earn a great amount of money by doing what you like. With proper social media advertising, you can get clients quickly and then you can expand your business and improve your equipment as you start earning money.
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8. Online Store
Number 8 on our list of best businesses to start with little money is great If you enjoy working from home and you dream of not having to get up in the morning and drive all the way to work where you are stuck until 5, then maybe this is an option for you. To start an online store, you don’t need much money. All that’s necessary is a website and e-commerce software and you can start selling. Whether you sell products of your own or from suppliers, you can achieve great success by advertising. And without even leaving your home.
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7. Cleaning Service
Everyone needs help around the house. Surprisingly, to start a cleaning service business you don’t need a lot of money, especially if you start on your own. Using all the cleaning products you already use at home, you don’t have to invest in the business at first. Then when you start earning money you can start buying specialized products or expand your business and hire a few more people, or invite friends to join you. You can start with house cleaning and then include firms or buildings once the word is spread.
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6. Tutoring
When it comes to businesses that require low startup cost, tutoring is perhaps one of the best options. You don’t immediately have to rent a space and buy all the necessary equipment. You can start online by signing into one of the many tutoring websites where you can gain some experience in teaching in you are a beginner. Once again, advertising on social media can help you reach people and offer teaching services so you find clients of your own and move to real-life tutoring. You can even hire more tutors and expand your business.Let’s see what’s next on our list of best businesses to start with little money.
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5. Social Media Management
Most businesses need someone to post on Facebook or Twitter for them and promote what they do. We all use social media on a daily basis and we know how things work, so it makes it a great opportunity for you to make an occupation of it. While it does seem like an easy task anyone can do, many companies want a professional for this position, so watch a few tutorials to learn more and start offering your services to businesses. When you land your first clients you can start thinking of expanding your businesses.
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4. Freelancing
Whether you’re a copywriter, a translator, a proofreader, or something else, you can always start a business by freelancing your expertise. It is a popular and cheap business opportunity nowadays so we decided to include it in our list of 11 best businesses to start with little money. More and more companies need translators and fresh content for their websites, thus the increasing demand for writers, copywriters, and translators. There are plenty of websites where you can start as part of a bigger writing or translating platform, and you can use that experience to attract your own clients, create a website, and gradually expand your successful business.
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3. Consulting
If you are knowledgeable about a certain subject and you think you can help people with it, you can try being a consultant. Many companies are in need of consultants, so they hire professionals to advise them on certain subjects. So, put up a website and start offering your services, because at first, you will not need to spend any more money than that.
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2. Event Planner
The future seems bright for event planning business, the enxt one on our list of best businesses to start with little money, so it seems like a logical choice. Organizations, institutions, and individuals all need help when planning an event so that’s where you show up. As with all the other businesses on our list, you can start by yourself without investing any great amount of money, and with the proper advertisement, you can build up your business and expand it by hiring more people to help you.
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1. Website Development
The last on our list of 11 best businesses to start with little money is website development. To start a business like this obviously, you need experience and training. You can learn the basics online as there are countless courses offering to teach you how to do it. Set up a website and promote your services. When you land a client, learn all about the company, their needs, and requirements, you can deliver what they are expecting from you. The startup cost is little to nothing and the business is highly profitable as demand for website developers is increasing every day.
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