Blog

10 Businesses You Can Start Right Now For Less Than $1,000

 

One of the most common questions I get asked from aspiring entrepreneurs is, what type of businesses can I start right now? The next question that I always ask them is, how much capital do you have for this business?

 

The next answer I get more often than not is that they don’t have any money or maybe $1,000 at the most. It seems like a common question and I wanted to share some businesses that you can start with very little capital.

 

Hopefully, these business ideas can inspire you to take massive action. Whether you’re working a job or going to school, you can start these businesses on the side until they are big enough to replace your primary options. Here are 10 businesses you can start right now for less than $1,000:

 

1. Freelancing 

 

If you have a skill such as design, development, transcription, marketing or something else that is in demand, you can start your own freelancing business. It’s free to sign up on sites like UpWork or Fiverr where you can offer your freelancing services. Create a small portfolio, apply to open jobs and you can make income on the side without investing anything.

 

2. Create A Blog 

 

If you want to create your own blog, you can do so for a small capital investment. I have a step-by-step guide on how to create your own blog, which can help you do so quickly. With a blog, you can find a topic or niche to center it around and then you can produce content on a consistent basis. From there, you have many different options on how to generate income from your blog.

 

3. E-Commerce Site 

 

You can create an e-commerce site using Shopify for as low as $9 a month. After that, you obviously need capital to find a product that you can sell through your website. You can negotiate a MOQ (minimum order quantity) with suppliers on sites such as Alibaba and get your first order for less than $1,000. When done right, e-commerce websites can be VERY profitable.

 

4. Launch An App 

 

If you want to launch an app across the iOs and Android stores, you’d be surprised how cost-effectively you can actually do something like this. You’re going to pay $100 to iOs to get your app developer license and $25 to Google Play. From there, you can use sites like ChupaMobile or CodeCanyon to purchase code for a mobile application that has already been built. You can hire a developer & designer to reskin this app and to submit it in your app account for a $300-$400 in most cases.

 

5. Affiliate Marketing

 

I am not a huge fan of this, but many people actually make quite a bit of money doing this. You can always sign up as an affiliate marketer and sell products/services for other businesses that you are passionate about to make money. You can work your own hours and you make a commission in most cases each time someone makes a purchase as a result of your efforts.

 

6. Write A Book 

 

If you have knowledge about a certain topic that others are looking for help in, you can write a book about it. You can self-publish your book using platforms such as Amazon Kindle and you make money each time someone reads your book. If you write your own book, you can probably find a designer on Fiverr to make the cover for $5-$10 and you can spend the rest of the money on marketing.

 

7. Launch A MVP

 

Surprisingly enough, you can launch many MVP’s for ideas for less than $1,000. If you are focused on the bare minimums, leverage partnerships and hustle hard enough….you can push out a MVP for a startup idea for less than $1,000. It’s not easy, but I’ve done it in the past. If you have a tech idea, find a developer who believes in your idea to join your mission for equity. You just cut out your biggest cost by leveraging one simple partnership with a little bit of hustle.

 

8. Invest If You Know How 

 

Many of my classmates in college would get $1,000 and throw it all away on one stock that they thought would be the next big thing. They didn’t know anything about the stock, but they heard someone talking about it how they could get a 100x return on it. More often than not, they lost all their money. If you know how to invest your money with stocks or other things, you can definitely grow $1,000 into a sizable chunk. I’ve met people who have turned $1,000 into $50,000 with some calculated risks.

 

9. Amazon FBA Business 

 

This sometimes goes hand and hand with launching an e-commerce business, but if you have $1,000 or less….you have to choose. If you don’t want to use Shopify for the time being, another option for selling products is on Amazon FBA. As mentioned above, find a way to negotiate a low minimum order quantity (MOQ) and create a listing on Amazon where you can sell direct to customers of Amazon.

 

10. Tutor/Teacher 

 

The days of having to tutor or teach in a classroom or one on one are over thanks to the internet. Sites like Udemy and other platforms allow teachers to record and upload their material once while allowing millions of people to access that information. If you are extremely skilled and intelligent in a certain domain, you can create a course and share it online for well under $1,000 and make a lot of money doing it.

 

Conclusion 

 

In this blog post, I shared 10 businesses you can start right now for less than $1,000. What are some businesses you’ve started for under $1,000?

 

 

 

Spread the love
Post a Reply