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How to Start a Business with No Money: 22 Low-Cost Business Ideas Real Businesses People Have Started for $1,000
Business Ideas For Beginners With Low Investment
Being your own boss has never looked better – so it makes sense that there’s been a post-pandemic business boom where people are starting to hustle on the side.
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If you want to start a business to change your lifestyle and finances, you may not have a ton of cash to invest in the venture. That doesn’t mean you don’t have a choice. I asked around and was inundated with all kinds of low capital business ideas that you can start with minimal upfront investment.
Business ideas here are only the tip of the iceberg of small capital opportunities. As you review the examples and come up with your own ideas, here are some tips to make sure you have a head on your shoulders.
Remember: Since you’re starting a business with no money—or very little—you’ll need to be much more strategic about the rest of the process.
Telecommuting is a hot topic right now, but there are still plenty of business opportunities in your community. Here are some locally based low capital businesses you can start for around $1,000 (or less!).
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If the idea of sitting at a desk all day makes your skin crawl, a landscaping business can satisfy your need to get outside. Upfront costs can be as high as $500, especially if you start with the equipment you already have. Landscaping jobs are usually seasonal, so you can use automation to run your landscaping business during the busy months.
Calling all Great British Bake Off fans: have you thought about selling your creations? You’ll need to check the home baking laws in your state, but if you’re already a baker, you likely have the equipment you need.
Colin Johnson founded the bread company from his home in Connecticut. “To get started, all I needed was a $50 license, a $100 food safety course, basic ingredients, and some equipment to produce larger quantities. I also invested in a domain name for my website, so the total initial overhead was about $1,000,” he shared. “I was able to recoup those costs in a few months,” he said.
Colin also shared some advice for people starting a new business from scratch: “You need to be able to provide the same level of service to your 10,000th customer as you did to your first customer. This is more advanced than I realized, so think about how to scale your business model early. Even if you don’t invest a lot of money, you need a lot of time.
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If you love music or just enjoy the buzz of a room of teenagers at a bar mitzvah, you might consider starting a DJ business. Depending on what equipment you have and what you need to buy, you can start a DJ business for around $1,000.
For some animal lovers, spending every day with their furry friends is a dream job. Typically, the costs of starting a pet sitting or dog walking business are limited to licensing and insurance (although some platforms like Rover will cover these costs for you). If you’re looking for something more passive, services like Sniffspot let you rent out your yard to local dog owners.
Are you living the Konmar method and binge-watching shows on Netflix? Turns out you can get paid for it. You can spend several hundred dollars to set up a professional organizing service and earn an average of $55 an hour.
You know those satisfying power washing and cleaning video compilations? You can live with it. Picking up damaged couches for free or cheap on places like Facebook Marketplace, cleaning them up and reselling them is a great business for anyone with a truck and a few strong people to help out. TikTok creators Cameron and Sadie called the gig “the easiest side hustle.” Look.
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@cameronandsadie Easiest side hustle! ? #furnitureflip #furnituremakeover #sidehustle #sideincome #flips #couchflipping #couch #flippingcouches ♬ FEEL THE GROOVE – Queens Road, Fabian Graetz
If you want to sell goods without high inventory costs, try to buy discounted goods and sell them to a niche audience. People who don’t live near a thrift store or are looking for a really specific item will love what you have to offer. Building an audience around a specific topic makes it easy to find inventory and build a brand. For example, Vtgspice’s storefront on Depop sells 90s shirts and sweaters.
You can buy books from thrift stores, library sales, or estate sales and sell them to an online audience. If you use Fulfilled By Amazon (FBA), you don’t even need to pick up the books and ship them to sellers.
A personal concierge is similar to a personal assistant, except you’ll be helping multiple clients. As long as you have reliable transportation and a computer or smartphone to manage online tasks, you don’t need much else to get started.
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If you want to work from home, there are plenty of home-based business opportunities with low startup costs.
Just as a personal concierge handles local errands, a virtual assistant helps people manage their work and life from the comfort of their own home. The virtual assistant world is flexible as you can specialize in general admin tasks or niche business areas such as social media management.
Caroline Marshall, founder of Upsource, shared that she “became a VA employee in 2020 with very little money invested. I now have a multi-award winning VA agency company that became an LLC last month. The VA business is great. Let’s start very small with expenses”.
Creating and monetizing a blog is one of the most popular ways to make money online. James Taylor, an SEO consultant, recommends taking a look at your hobbies if you’re not sure where to start.
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“A hobby blog in particular is a great way to start because you’ll never run out of content ideas. You know what people are looking for because it’s your hobby and you’ve no doubt searched for similar things in the past. You’ll also know what products and information people need to get started.”
Although there are some start-up costs, your main investment in starting your blog will be your time. Mushfiq Sarker, founder of The Website Flip, noted that “the skill set needed to build a website includes SEO, content marketing, and the technical knowledge of how to organize a website. The benefit here is that you can start for $10. Host a website and Then use free platforms like WordPress. When it comes to learning about business access, there are hundreds of YouTube channels and blogs covering these topics.”
After creating your blog, you have several ways to make money. Robert Jones, founder of Property Investments UK, pointed out that blogs can be monetized in a variety of way
s (many at low cost and discounts) from affiliates and affiliates to displaying ads and selling your own products.
Do you have something to learn Instead of starting a blog, you can start offering coaching or consulting sessions. Costs can run into the thousands if you let it, but you can also start small with a simple website and marketing. After you have tested the idea and made money, you can add your business.
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Paige Arnoff-Fenn, founder and CEO of Mavens & Moguls, said, “Any type of consulting or coaching business can be set up cheaply (under $1,000) because all you need is a website, logo, name, email, business. cards, online stationery proposals and invoices, a cell phone and a good idea to go.” To save money, Paige recommends skipping printed materials like brochures and letterheads.
When you don’t have money to invest in a business, you can rely on your time and skills. Alex Birkett, co-founder of Omniscient Digital, said that “service businesses are the easiest to start because you’re selling your time.” Alex and his co-founder David Khim started their agency in their spare time outside of work. They kept their upfront costs low by doing the work themselves and holding off on hiring help until the client’s cash flow was in place.
The most in-demand freelance skills include web design, social media
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