Businesses that require low investments may be the best fit for beginners as they don’t require much experience. You only need to provide excellent customer service, proper marketing, and build a powerful brand. In this article, you will learn about eleven businesses that you can start with less than $100. Keep reading.
1. Consulting
If you have expertise in a particular field, such as providing business advice, you can monetize your knowledge by starting a consulting agency. Consulting business is cheaper to start and run. You will only incur networking and marketing costs. For example, it would be best to invest in a website and business cards to market your business.
The consultancy sector has excellent growth potential and requires minimal costs to start, making it a perfect option for you.
2. House painting
Painting has become a profitable business lately, and it has high scalability. You can start this business as a solo contractor where you sign a client’s contract under your name. Working as an independent contractor will help you build your own company.
A house painting career doesn’t require expertise to start, and you can start learning the basics through youtube and practice by painting your own home. However, you will need to purchase painting equipment which is relatively affordable.
3. Vlogging on youtube
You can start your YouTube channel, make great videos and start earning revenue from your vlog through ads. This is a great business that you can start without capital using your smartphone, tablet, or laptop cameras. You have to post regular vlogs on YouTube to earn considerable profits. Additionally, you can market your channel through other social media platforms such as Facebook and Instagram.
4. Tutoring
A study by ResearchandMarkets predicts that private tutoring will be $279.3 by 2027. The COVID-19 pandemic has led to increased demand for online learning; hence online tutoring business is flourishing.
You can start teaching your best academic subjects to students using platforms like YouTube or tutoring different topics you are best at, such as cooking and sports. You can earn significant income from tutoring, and the business does not require a massive amount of capital to start.
You can create a brand for your tutoring business by creating a business name, marketing it on social platforms, building a website and using business cards.
5. Virtual assistant
A virtual assistant (VA) is the hottest business you can start with less than $100. You only need to have a laptop or desktop and access to the internet to start your VA journey.
Depending on the client, virtual assistant work mainly involves answering phone calls, responding to emails, researching, editing, preparing reports, managing social media accounts, setting appointments, and many more.
VA is a great business that allows you to work in the comfort of your home, so you don’t have to incur transport costs or rent an office.
6. Coding
The demand for coding skills is increasing at a higher rate. Burning Glass reports that most jobs require coding skills, with programming jobs growing 12% faster than the market average.
You can start your coding career as a freelance programmer and build your company after working with various clients. Coding jobs are available on websites such as Indeed, The Ladders, Smashing Magazine, and Krop.
7. Soap making
Making homemade soap requires few tools and materials. You don’t need any experience to start making soap; you can learn online by watching tutorials.
This business does not require huge capital to start. The materials are readily available and affordable. You can get creative by adding a great scent to your soap, robust packaging to attract customers. This is a great business you should consider starting with less than $100.
8. Dog trainer
Dog training is a low-cost business with significant profits. It only requires you to market your services wisely to find valuable clients. For you to succeed in this business, you need to start small. For example, you can begin by working for clients in your locality at a discounted fee.
The dog training business does not require previous experience. You can learn the skills through dog training tutorials on YouTube and other online resources from various websites.
9. Flea market vending
Flea markets are booming. These markets allow you to sell a variety of products, from homemade jewellery to items that you no longer use in your house. This is a flexible and cost-effective business worth starting.
10. Freelancing
Freelancing is a cost-effective job for writers and website developers. To kickstart your freelancing career, you will need to be creative, have a laptop, and access the internet. This job gives you the freedom to work from anywhere during your own desired time. You can get freelancing jobs through various sites such as ProBlogger, Upwork, and Fiverr.
11. Social media management
The majority of businesses cannot manage their social media presence on their own. These businesses use social platforms such as Facebook and Twitter for marketing their products and services.
You can consider venturing into managing social media platforms for companies at no cost. This business does not require prior experience; you can learn about social media consultancy online.
Bottom line
Most of the businesses on the list do not require you to have office space. You can operate them at the comfort of your home or by offering door-to-door services. You don’t need to have the experience to start these businesses; you can train yourself through watching tutorials online.
Additionally, you don’t have to incur high advertising costs since you can get clients through referrals and word of mouth. The above list will lay a good foundation for starting your businesses today without breaking the bank. However, the success of a low investment business mainly depends on your dedication and hard work. So, what is holding you back from owning a business?
