Getting started with your dream business doesn’t have to cost an arm and a leg. In fact, there are several low cost start up businesses that you can start today with little or no upfront investment.
1. Home Cleaning and Organization Services
If you have a passion for decluttering and helping people get their homes back on track, then becoming a professional home organizer might be the perfect business for you. This service can be very lucrative and requires very little startup cost.
2. Freelance Writing and Editing
If you are a strong writer with a knack for grammar, this could be the perfect business for you. There are plenty of clients who need help editing their documents, whether it be for the medical field or large media companies. You will also have to invest in a website and marketing materials, but the costs are minimal.
3. Ecommerce Reselling
One of the most popular low cost business ideas is ecommerce reselling, where you purchase products at a discounted rate and then sell them for a higher price. This business can be very profitable and requires a little bit of research to find the right suppliers, but the initial costs are quite minimal.
4. Online Events and Workshops
Another great low cost business idea is to host online events and workshops. There are several platforms, such as Zoom and Meta, that you can use to host these events. You can also use your own social media channels to promote these events.
5. Pet Sitting and Walking
Providing pet sitting or dog walking services is another business that requires very little up front. Your clients will cover your expenses for food and supplies, so there’s really no need to buy any equipment.
6. Transcription
If you have a strong ear for words and the ability to transcribe audio or video files, then this might be a good career for you. Many businesses, especially in the legal and medical fields, need a transcriptionist to convert their recorded interviews or speeches into written documents.
7. Freelance Photography and Videography
Having a creative flair is a great way to make extra money. There are many types of jobs in this industry, from digital marketing and website design to photography and film production.
8. Online Tutoring and Education
If you’re an expert in your area of expertise, then starting a freelance teaching business may be the perfect opportunity for you. There are websites like Outschool and Udemy that offer a platform for you to create online courses and deliver in-person or virtual tutoring sessions.
9. Online Writing and Editing
If you are an experienced and confident writer, then turning that talent into a full-time freelance business is probably the best option for you. There are many clients who need assistance with their written or audio materials, and this business requires very little up-front investment.
10. Ecommerce Reselling
If you have the skills to build a high-quality site and are familiar with SEO, then you might be able to create an ecommerce business that will make you a significant amount of money. This business is a great way to make money without having to invest in an expensive website, but you will need to know how to market your services and provide exceptional customer service.