If you’ve ever wondered what the best way to quit the rat race is without having huge costs, then you’re likely to enjoy this article. I’m going to run through what the best low cost start up business that you can create now for less than a $1000 – in fact some of them, you barely need $100 to start yourself.
You Have to Look Online
If you want to start a business for minimal costs, then you’re blessed to be part of this generation. With easy access to the internet for most of us, you can find many different online ventures that take little to no investment from the start.
Now, there are a few different avenues that you can look at if you’re looking to go solo – though they all involve utilizing the internet and social media optimally to get the best results.
I’ll give you a rundown of some of the best options you can take if you’re looking to start your own business.
Writing is undoubtedly the easiest way to start your own business in my opinion. Of course, some people are naturally able to write better than others, but what I love about writing is that there’s often no prejudice to those without qualifications. Of course if you do have a degree, then you can look for specialized work as a technical writer.
If you’re looking to start your career as a writer, then you’ll need to feel comfortable setting up a profile – be it on LinkedIn or another writing service like Upwork – and have potential clients contact you for your expertise. You can also reach out to certain companies that will pay you to write for them, if your spelling and grammar is good enough.
Overall, you really don’t need a big budget to start writing for other people – it’s completely realistic to build up a portfolio within a short amount of time. One thing that makes me opt for writing as opposed to other businesses is that you can start part time whilst still at your current job, and as your portfolio gets better, you can then look to quit your current job and go full time self-employed copywriter.
Building Websites and Blogs
If you’re looking to start your own business, then the likelihood is that you’re not looking to work for anyone else. If you want to minimize this, then you can always look at building your own websites and blogs and finding ways to make money from them. It’s super easy to build a website nowadays, and you don’t need to be an experienced programmer to do so.
If you’re not a proficient writer, then this is another viable option for you, and you can always outsource writing the content to others (although this does make your costs significantly more). If you can write, then it’s worth learning how a CMS works anyways, as you’ll undoubtedly find it useful later down the line, and it makes you more employable in general.
If you can build up the traffic (visitors) to your blog to a substantial amount, then there are a few different avenues that you can go down to make money from this.
If you have a good amount of visitors to your website, then business and people will pay you to advertise for them. Whilst many beginners choose to start with Google Adsense, there are an abundance of other viable options out there if you want to make money from your visitors without them having direct costs.
Becoming an affiliate is another good way to make cash without having to handle physical products.
The good thing about becoming an affiliate is that there’s an abundance of different products to sell and platforms to use. This means that it’s super easy to make it related to your hobby or something that you actually enjoy. Love running? Make a blog about marathons and promote Nikey running shoes. Love travel? Make a blog about your favorite country and be an affiliate for the best hotels in the area.
No matter what your interests are, you’re likely to find a product related that you can sell.
Harder to pull off than being an affiliate but with more room for profit, it’s entirely possible to start selling physical products with a budget of less than a $1000. How?
Well, aside from buying super cheap products from China and selling them on, you can also look into dropshipping. Essentially, dropshipping is where you advertise your produdct, and outsource the creation of it to someone else – usually a large manufacturer. They’ll then send the product out directly to your customer, so you don’t even need to put your hands on the physical product.
Dropshipping can be a great way to start a cheap business, but be sure to keep an eye on shipping times and keep in regular contact with your manufacturer.
Photography and Art/Hobbies
One of the gretest things bout the internet in my opinion is that it enables eople to find their Ikigai. An Ikigai is a Japanese word that tries to combine someones Passion and Mission in Life with their profession to find their ‘reason for being’.
The internet helps to enable us to take advantage of this. Love photography and art? You can easily find clients and set up a portfolio online – whether through your own site or by utilizing social media.
Many people have managed to convert their passion into a career – and you definitely don’t need a big budget to start.
Of course, there are many more ways to make money with less than $1000, and I’ll add to this at a later date with more ideas and even some of my own experiences in building websites.