We have listed here some ideas for the most profitable home businesses with low startup costs. Let’s see which one suits you the most.
First, the great thing about home business is that you are your own boss and master of your time. Location and position of your home might and will affect which business you will start. You can use advantages of having a garage or a backyard, but also make a smart use of your apartments for starting a business. Also, you can use your skills and passions about things you do and make a profit out of them. In other words, be smart and take the most of what you have.
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We have concentrated here on businesses you can do mostly from your home, but if, on the other side, you also don’t mind working out of your home, check out the Most Profitable Businesses with Low Startup Costs.
A home business can be done with a computer, or it can involve manual work and creativity. For some computer-based businesses, you would literally need zero startup costs, just certain knowledge and bit of dedication and persistence. From Make a Website we have gotten some great ideas about those kinds of businesses. For other home profitable business ideas with low startup costs, we’ve searched on places such as Small Business Ideas, Commercial Capital, Ninja Outreach, and Quora. There is, of course, sometimes a risk of failure if you start a wrong business at a wrong place and with wrong advertisement and knowledge. That is why you should reassess your knowledge, wishes, capabilities and skills. That’s why we have tried to involve businesses for different interests and balance between manual and computer based businesses. In order to give you a better insight in how much you can expect from a certain business, we individually researched them on various places.
If you have met all the requirements, get set to look out for the most profitable home businesses with low startup costs.
11. Candle making
The startup investment would include supplies for candle making such as was, molds, oils, dyes, packing materials, etc. Nevertheless, this is a great small scale home business and if you find your place in local market it can pay off quickly.
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10. Landscaping
With or without landscape architecture degree, you can start a profitable business in your backyard, as one of profitable horticulture businesses to start. You can start producing landscaping supplies and also work as landscaping consultant for parks, outdoor decorations, private properties and many more. Some average annual salaries for a variety of landscaping jobs vary between $30,000 and $50,000.
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9. Photography and picture framing
Working as wedding or celebration photographer is a great opportunity for profitable home business. Adding picture framing and other similar offers, you can make a great profitable home business. If you get really good at, say, wedding photography and advertising yourself, salary can get as high as $200,000!
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8. Laundry service
This is a great home business opportunity if you are stationed in a busy city where laundry service is always welcome. After gaining some profit, you can also add dry cleaning to your services which will boom your profit fast.
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7. Online rental business
Rental business can include almost anything, from furniture, clothes, electronics, various equipment, vehicles, etc. The only thing you need to invest in is buying a software that enables you to run the business. Then you only need to wait and collect the profit from your customers as the administrator of the business.
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6. Car washing service
Starting a car washing business that ranks 6th on the list of most profitable home businesses with low startup costs with pays off quickly because it is one of the inevitable things all drivers must occasionally do. If you place your facility at a good strategic place, you would even not need any marketing for well-running business.
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5. Freelance business
Freelancing is a wide concept. It is a risky solution on the one hand, but on the other, dedication, knowledge and persistence can lead to great profit. That and the fact that you need no investment for starting it makes it among one of most profitable home businesses with low startup costs. Starting as a freelancer on some of the well-known freelance, like Upwork, Freelancer or Monster, you can choose any field of interest you are good at.
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4. Cosmetic business
Starting cosmetic business is one of the most profitable home businesses with low startup costs but requires a lot of investment, not in terms of money, but in terms of dedication. You need first to choose which products you would like to focus on. Then you should consult some bigger companies in the field and ask for an advice on formulas, manufacturing or package solutions. Then research the market and get good advertisement, and fun and creative business of producing unique cosmetics can begin.
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3. Computer repairs
With a low investment, you can start your own small company for computer repairs. In order to start business number three on our list of most profitable home businesses with low startup costs as a reliable provider, it is better to get a certification. After you develop computer repairs you can add selling computer parts and gadgets to your business. Some resources claim that average US salary gets around $48,000.
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2. Website development
You can start this business either as a side business or get more serious about it, with no or least startup income, and you also do not need any high programming knowledge for a start. Market demand is getting higher, so no worries that you will run out of jobs, if you are good at it of course. Depending on your skills and creativity, some top website developer annual salaries can range from $50,000-$116,000.
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1. Consultancy services
As the number one on the list of 11 most profitable home businesses with low startup costs, we have picked consultancy services. Offering consultancy services basically does not involve any starting investment in terms of money, but it requires a good knowledge in some field of business or some other domain. The job consists of planning and pointing the future direction of a company in order to find best solution and balance between company’s goal and resources they have. The great thing about starting this business is that you can work from home and enjoy fruits of your success if you are knowledgeable enough. Depending on consultancy branch and company that might hire you, annual salary can be as high as $173,00!
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