In this article, we will take a look at the 5 businesses you can start for less than $1000. We will also take a look at some entrepreneurial journeys of successful business owners. If you want to read our detailed analysis, you can go directly to 20 Businesses You Can Start For Less Than $1000.
5. Photography
Becoming a photographer is another great business idea for under $1,000. While professional cameras are expensive, they can be purchased for under $1,000. For example, a Canon DLSR on Amazon is available for only $479. More than 1,000 items of the product have been purchased in the past month.
4. Social Media Influencer
Becoming a social media influencer is one of the best business ideas individuals can start for under $1,000. According to data by Business Insider, social media influencers can typically make $100,000 while juggling other jobs on the side. To become a social media influencer, individuals must have a high-quality mobile with a good camera and enhanced lighting to record content. A 12-inch ring light along with an extendable tripod stand is available on Amazon for $35.99.
3. Social Media Management
Social media managers are responsible for curating strategies for their clients wanting to enhance their social media presence and awareness. Individuals can sell their services on Upwork as a freelancer for $15 to $100 per hour.
2. Travel Guide
Becoming a travel guide is another business idea under $1,000. On average a tour guide in the United States can earn $22.58 per hour, according to data by Indeed. Becoming a travel guide is considerably cheap, as individuals may only require licensing to start their own business.
1. Tutoring
Tutoring is one of the best businesses under $1,000. Starting a tutoring business is considerably cheap. Budding entrepreneurs can acquire video conferencing software like Zoom and classroom management software like Google Classroom for free. It is also possible to scale the business at a minimal cost by acquiring Zoom Pro or Zoom Business for $12.5 and $18.3, respectively. On the other hand, business owners may consider becoming a private tutor. On April 14, a 25-year-old private tutor reported to Business Insider that they made $3,000 doing the homework of a child in Dubai, UAE.
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