20 Low-Cost Business Ideas For Entrepreneurs
Want to start your own business but unsure of the
business opportunities available within your budget? Need a business idea? Whether you want a more flexible lifestyle, out of work, or looking to earn top dollar, be sure to scan through our home based business ideas list. And don't forget to write a perfect business plan before starting a startup.
A lot of people think about starting a business, but for whatever reason the idea never becomes a reality. If you’re an entrepreneur who is on the fence about starting a business, we have the encouragement you need to take the first step.
Unlike many other businesses, you can start a street food business for a
very modest outlay indeed, scaling your offering as demand grows.
Despite being unpredictable and competitive, the growth of the industry
also means a new start-up can quickly generate hype and establish a
profitable niche.
A street trading business can take many forms – from a full-time stall
on a permanent market to a roving food truck attending festivals and
specialist events. Generally, a street food business will trade outdoors
or in an area with other food traders, using portable facilities, and
will be able to serve customers their food quickly (although this isn’t
always the case).
Recommended:
Just because we live in a computer age doesn't mean that everyone is
computer-savvy. That's where the computer tutor comes in. A home based
computer tutor teaches individuals and businesses how to best use their
computer programs and the Internet, typically by appointment at the
client's location.
This was the first home based business I tried
where I actually made some money. Although I had to go out nights and
weekends, I found it enjoyable because I like computers and because I
like helping other people. If you can understand the needs of the pupils
who became your client and can relate to them on a level they can
handle, you could prosper in this computer related home based business.
Someone out there is remodeling their kitchen and needs to know which
shade of granite will match best with mahogany flooring. That someone
will often be happy to pay you for your advice, especially if you’re the
kind of person that subscribes to websites like Contemporist.
Now
that the Internet has made the world a little smaller, it's much easier
for individuals without physical storefronts to create and sell
products solely online.
Sites like Ebay and Etsy have created
entire marketplaces for buying and selling handmade goods. All you need
is a Paypal account (which is free) to receive money, and you're ready
to go.
The best part about selling handmade goods is that it
takes very little startup capital. If you have a hobby that you'd like
to turn into a business, selling handmade goods is a quick and easy way
to go.
Recommended:
Yoga is getting ever more popular, which means yoga instructors are
more in demand than ever. Pursue emotional and physical balance with
others, during your free time while helping your bank balance, too.
It’s not the sort of job that’s covered in glory, but someone needs
to make sure all the numbers add up at the end of the year. Every
business and most individuals need someone with the domain expertise to
help prepare tax returns, especially time or resource-strapped small
business owners. The Income Tax School
provides an array of training programs they'll certify you with tax
prep in as little as 10 weeks, and once tax season rolls around you'll
be able to charge an average of $229 per return as a freelance tax prepare, reports CNBC.
If you've got the attitude, there should be a product or service out
there looking for the right model to promote their brand. You can sign
up with a large agency, find a freelance agent, or look for your own
modelling gigs as an independent talent. Since modeling is a complex field,
get all the advice you need before jumping right in and find a mentor
who can guide you through some of the early challenges before
establishing your brand. Depending on your preference, you can
specialize in a single media format such as video or still images, to
build a compelling portfolio.
"Local"
and "green" have become incredibly popular buzzwords in e-commerce for
the past couple of years. What's more local and green than being a local
farmer? Local farming has taken off as well. More and more stores are
starting to stock local food and promote local farming.
There
has been a massive push towards buying local, with major chains adding
"locally grown" sections. Farmer's markets are becoming more popular
too, with over 5,000 markets in the US, and growing. There is plenty of
opportunity to be a local grower, with many options for specialty crops
with relatively low startup costs.
A lot of car owners simply don’t have time to personally care for
their vehicles, much less make them sparkle. With simple equipment such
as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy
hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends.
Know someone who rents out property to others? Perhaps they could use
a hand managing their property. If so, you can make a decent amount of
money on the side with relatively little work on your part.
From collecting rental checks, to managing repairs and improvements, or
simply being on call for emergencies, a property manager is essential
for most real estate investors.
If you’re the sort of person that likes working with your hands, has a
good head for heights and enjoys the satisfaction of a day’s hard graft
and a job well done, then a painting and decorating business could be
for you. Whilst it can be difficult to get started and build your reputation in a somewhat saturated sector, there will always be demand for painting and decorating services. With the right attitude and workmanship, you should find yourself in steady employment.
Yes, even the lowly PowerPoint requires outside consulting every now
and then. I know I would happily outsource the visual layout of my
presentation decks for work meetings, investor pitches, and lectures.
Adam Noar from Presentation Panda is living proof that you can turn your passion for slideshow presentation design into a legit side business.
An electrician’s main role is to install and maintain electrical
wiring and appliances and, as you’ll need to follow technical drawings,
building plans and wiring diagrams, having good practical skills and an
ability to solve problems is absolutely essential if you want to
succeed.
A broad industry, there a number of different services you can choose to
offer as an electrician While some electricians focus on more domestic
jobs, others will work on big corporate engineering projects. As the
role may require you to be on 24 hour call out, a driving license and
access to a car or van would be advantageous.
While you will need a creative flair and a knowledge of design, you must
be organized and think with the business in mind to make it as a
jewellery designer. The balance between the business owner (often working with tight
resources) and creator means that entrepreneurs need to have the ability
to juggle many different roles under pressure. An aspiring jewellery designer must be a good communicator and a people
person as you will have to work with a range of people every day, from
customers and suppliers to shop owners and staff. Being able to manage a team, handle supply issues and keep customers happy is vital to success.
Not only is Airbnb
a great way to make money by renting out your spare bedroom or living
room couch, but you also have the benefit of meeting new people and
making new friends.
The
mobile world is heating up. The smartphone market has exploded, and
with the introduction of the iPad, mobile usage for websites is going to
keep moving up. This presents a great opportunity for web designers and
programmers to dip into a growing industry, and there are plenty of
opportunities to develop things like custom branded web applications,
design mobile sites for companies, and so on.
Have a knack for staying organized? If you're a jack of all trades,
you should consider working as a virtual assistant. You can find great
gigs on Elance, Indeed, or Upwork.
It can be an awesome way to rub shoulders with some very important
people, build up your professional network, and you'll have the added
perk of being able to start this as a home based business idea.
Planning a wedding involves taking creative control of all aspects of
your client’s big day – from researching the venue to booking flowers,
entertainment and wedding cakes, designing invitations and advising
guests on etiquette.
Werewolves, stepbrothers, and tentacles—the demand is high. As odd as
it may sound, if you’ve got the imagination (and a clever pseudonym),
you can make upwards of $5,000 a month writing erotic fiction.
Pretty much everyone has used an IT support technician at some point;
these people come in and fix problems with either the hardware or
software of a computer, often the result of hacking and viruses. Someone who works from home and runs their business almost as a hobby,
might charge £30 an hour for their service; but if you’re serious about
building an IT support business and are prepared to offer a high-quality
service, you should be able to charge more.
If you're still stuck on startup ideas that you can launch while holding down a job, here's some more help to get you started.
Editors Note: Starting a business comes with a lot of on-the-go lessons. As an entrepreneur, you’ll learn what kind of work you enjoy and start
to understand how you can make a difference in your community. We hope you have enjoyed our business ideas, we wish you good luck with any idea you might have taken and implemented!
business opportunities available within your budget? Need a business idea? Whether you want a more flexible lifestyle, out of work, or looking to earn top dollar, be sure to scan through our home based business ideas list. And don't forget to write a perfect business plan before starting a startup.
A lot of people think about starting a business, but for whatever reason the idea never becomes a reality. If you’re an entrepreneur who is on the fence about starting a business, we have the encouragement you need to take the first step.
20 Low-Cost Business Ideas To Startup
1. Street food business
Unlike many other businesses, you can start a street food business for a
very modest outlay indeed, scaling your offering as demand grows.
Despite being unpredictable and competitive, the growth of the industry
also means a new start-up can quickly generate hype and establish a
profitable niche.
A street trading business can take many forms – from a full-time stall
on a permanent market to a roving food truck attending festivals and
specialist events. Generally, a street food business will trade outdoors
or in an area with other food traders, using portable facilities, and
will be able to serve customers their food quickly (although this isn’t
always the case).
Recommended:
- 10 Business Ideas You Can Launch in 7 Days
- How To Start A Business: 12 Incredible Small Business Ideas
2. Home Based Computer Tutor Business
Just because we live in a computer age doesn't mean that everyone is
computer-savvy. That's where the computer tutor comes in. A home based
computer tutor teaches individuals and businesses how to best use their
computer programs and the Internet, typically by appointment at the
client's location.
This was the first home based business I tried
where I actually made some money. Although I had to go out nights and
weekends, I found it enjoyable because I like computers and because I
like helping other people. If you can understand the needs of the pupils
who became your client and can relate to them on a level they can
handle, you could prosper in this computer related home based business.
3. Interior Design Consultant.
Someone out there is remodeling their kitchen and needs to know which
shade of granite will match best with mahogany flooring. That someone
will often be happy to pay you for your advice, especially if you’re the
kind of person that subscribes to websites like Contemporist.
4. Handmade Goods
Now
that the Internet has made the world a little smaller, it's much easier
for individuals without physical storefronts to create and sell
products solely online.
Sites like Ebay and Etsy have created
entire marketplaces for buying and selling handmade goods. All you need
is a Paypal account (which is free) to receive money, and you're ready
to go.
The best part about selling handmade goods is that it
takes very little startup capital. If you have a hobby that you'd like
to turn into a business, selling handmade goods is a quick and easy way
to go.
Recommended:
- Business Planning Process: Launch Your Small Business
- 10 Tips For Writing An Effective Business Plan For Its Startup
5. Yoga or Meditation Instructor.
Yoga is getting ever more popular, which means yoga instructors are
more in demand than ever. Pursue emotional and physical balance with
others, during your free time while helping your bank balance, too.
6. Tax Preparation.
It’s not the sort of job that’s covered in glory, but someone needs
to make sure all the numbers add up at the end of the year. Every
business and most individuals need someone with the domain expertise to
help prepare tax returns, especially time or resource-strapped small
business owners. The Income Tax School
provides an array of training programs they'll certify you with tax
prep in as little as 10 weeks, and once tax season rolls around you'll
be able to charge an average of $229 per return as a freelance tax prepare, reports CNBC.
7. Modeling.
If you've got the attitude, there should be a product or service out
there looking for the right model to promote their brand. You can sign
up with a large agency, find a freelance agent, or look for your own
modelling gigs as an independent talent. Since modeling is a complex field,
get all the advice you need before jumping right in and find a mentor
who can guide you through some of the early challenges before
establishing your brand. Depending on your preference, you can
specialize in a single media format such as video or still images, to
build a compelling portfolio.
8. Local Farmer
"Local"
and "green" have become incredibly popular buzzwords in e-commerce for
the past couple of years. What's more local and green than being a local
farmer? Local farming has taken off as well. More and more stores are
starting to stock local food and promote local farming.
There
has been a massive push towards buying local, with major chains adding
"locally grown" sections. Farmer's markets are becoming more popular
too, with over 5,000 markets in the US, and growing. There is plenty of
opportunity to be a local grower, with many options for specialty crops
with relatively low startup costs.
9. Car Washing and Detailing.
A lot of car owners simply don’t have time to personally care for
their vehicles, much less make them sparkle. With simple equipment such
as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy
hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends.
10. Property Manager.
Know someone who rents out property to others? Perhaps they could use
a hand managing their property. If so, you can make a decent amount of
money on the side with relatively little work on your part.
From collecting rental checks, to managing repairs and improvements, or
simply being on call for emergencies, a property manager is essential
for most real estate investors.
11. Painting and decorating business
If you’re the sort of person that likes working with your hands, has a
good head for heights and enjoys the satisfaction of a day’s hard graft
and a job well done, then a painting and decorating business could be
for you. Whilst it can be difficult to get started and build your reputation in a somewhat saturated sector, there will always be demand for painting and decorating services. With the right attitude and workmanship, you should find yourself in steady employment.
12. Presentation Design Consultant.
Yes, even the lowly PowerPoint requires outside consulting every now
and then. I know I would happily outsource the visual layout of my
presentation decks for work meetings, investor pitches, and lectures.
Adam Noar from Presentation Panda is living proof that you can turn your passion for slideshow presentation design into a legit side business.
13. Electrician business
An electrician’s main role is to install and maintain electrical
wiring and appliances and, as you’ll need to follow technical drawings,
building plans and wiring diagrams, having good practical skills and an
ability to solve problems is absolutely essential if you want to
succeed.
A broad industry, there a number of different services you can choose to
offer as an electrician While some electricians focus on more domestic
jobs, others will work on big corporate engineering projects. As the
role may require you to be on 24 hour call out, a driving license and
access to a car or van would be advantageous.
14. Jewellery business
While you will need a creative flair and a knowledge of design, you must
be organized and think with the business in mind to make it as a
jewellery designer. The balance between the business owner (often working with tight
resources) and creator means that entrepreneurs need to have the ability
to juggle many different roles under pressure. An aspiring jewellery designer must be a good communicator and a people
person as you will have to work with a range of people every day, from
customers and suppliers to shop owners and staff. Being able to manage a team, handle supply issues and keep customers happy is vital to success.
15. Airbnb Host.
Not only is Airbnb
a great way to make money by renting out your spare bedroom or living
room couch, but you also have the benefit of meeting new people and
making new friends.
16. Mobile Design and Development
The
mobile world is heating up. The smartphone market has exploded, and
with the introduction of the iPad, mobile usage for websites is going to
keep moving up. This presents a great opportunity for web designers and
programmers to dip into a growing industry, and there are plenty of
opportunities to develop things like custom branded web applications,
design mobile sites for companies, and so on.
17. Virtual Assistant.
Have a knack for staying organized? If you're a jack of all trades,
you should consider working as a virtual assistant. You can find great
gigs on Elance, Indeed, or Upwork.
It can be an awesome way to rub shoulders with some very important
people, build up your professional network, and you'll have the added
perk of being able to start this as a home based business idea.
18. Wedding planning
Planning a wedding involves taking creative control of all aspects of
your client’s big day – from researching the venue to booking flowers,
entertainment and wedding cakes, designing invitations and advising
guests on etiquette.
19. Writing Erotic Fiction.
Werewolves, stepbrothers, and tentacles—the demand is high. As odd as
it may sound, if you’ve got the imagination (and a clever pseudonym),
you can make upwards of $5,000 a month writing erotic fiction.
20. IT support and repair business
Pretty much everyone has used an IT support technician at some point;
these people come in and fix problems with either the hardware or
software of a computer, often the result of hacking and viruses. Someone who works from home and runs their business almost as a hobby,
might charge £30 an hour for their service; but if you’re serious about
building an IT support business and are prepared to offer a high-quality
service, you should be able to charge more.
If you're still stuck on startup ideas that you can launch while holding down a job, here's some more help to get you started.
Editors Note: Starting a business comes with a lot of on-the-go lessons. As an entrepreneur, you’ll learn what kind of work you enjoy and start
to understand how you can make a difference in your community. We hope you have enjoyed our business ideas, we wish you good luck with any idea you might have taken and implemented!
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