Starting a business with a lean budget is always a big challenge. You have to prioritize various aspects of your business so that you don’t run out of your budget. Are you one of those who want to start a business but have under $5,000? If YES, here is a list of top 10 best small business ideas to start with $5000 or less this year. Though the title talks about $5,000, some of the businesses might cost you much less. Even less than $2,000!
In this list of Top 10 best small business ideas under $5,000, there are businesses for any skill set, budget and interest. You will surely get one that fits you and requires less than $5,000 to launch.
Top 10 Best Small Business under $5,000
Without an iota of doubt, Amazon has become one of the largest online market places. You don’t need any physical infrastructure and you also don’t have to wait for a customer base. You just need awesome products to sell. Selling on Amazon.in is easy. First you list the products that you want to sell on Amazon marketplace. Customer sees your product and makes a purchase. You will receive a notification to ship the product. You deliver the product to the customer and confirm shipment or let Amazon fulfill the order for you through FBA or Easy ship. Amazon will deposit the funds into your bank account after deducting their fees. Becoming a seller on Amazon allows you to leverage the platform’s reach. You can think of selling low cost popular items and start your business well within $5,000.
So what is Affiliate Marketing? Affiliate marketing is nothing but marketing of someone else’s products/services to your audience. Though it might take you some time to reap the benefits of Affiliate marketing, This is good way to start earning some serious money. The first thing you have to do is Choose a Niche around which you would like to build an audience. Start building your audience. Remember this might take some time but the wait will be worth it. Research Affiliate Programs, Build a site or an instagram account, Build an audience and start doing affiliate marketing. You might also consider promoting your affiliate products initially but it will eventually pay off.
People who have valuable ideas and have a laptop and an internet connection can think of no better business idea than blogging. Just like affiliate marketing, choose a niche you want to cater first. After that start writing quality content for your audience and promoting your content. You can use various promotion channels like Facebook, Google adwords even Instagram to promote your blog. Starting a blog will not create a hole in your pocket and you will eventually start earning big.
Freelance photography is photography done on a per contract basis. In this, instead of working for an employer, a freelancer works on multiple projects for different clients. If you provide quality service, you will have several repeat clients as well. Initial investment involves procuring a quality camera and a photo editing tool like Photoshop.
There are various websites like Freelancer, Upwork etc, which allows you to sell your services to global clients. You can sell services ranging from content writing, logo designing, website designing etc. Once your credibility is established, you can expect a consistent flow of income. The initial investment can be virtually zero if you want to become a freelancer.
Personal Fitness Trainer
As more and more people are becoming fitness crazy, the demand for personal fitness trainers is increasing day by day. You can be a Yoga expert or a Zumba instructor if you can add value to your client’s fitness regime, you can consider starting this business. You can spend some money in promoting your business may be through flyers or online promotion. Just enough to get your service visible in your neighborhood.
This business requires you to manage and organize things more than anything. Birthday parties, marriage receptions, corporate parties, there are various events happening around you on a daily basis. You have to identify your skills and identify how you can make organizing these events a pleasant experience for your clients. You can start this business by spreading the word about your business around you. The initial investment will revolve around creating tie ups with various players in the event management domain. For eg. Caterers, Music Bands. Therefore, this business might not involve too much upfront investment but can yield you decent returns. Therefore it is one of the best small business ideas.
Ever since the advent of the internet, Videos have become one of the most important sources of Communication. From small companies to big corporations, almost every business is using videos for either promotion or for internal purposes and there is a great demand for this service. You need to have a decent production equipment along with editing skills and that’s it! You can use various online platforms for promoting your video production service or you can use the traditional method of promotion- Flyers, News paper advertisement too.
Make up artists nowadays are in great demand. From private parties to TV shows and thanks to YouTube and similar websites, various online shows require make up artists on a regular basis and guess what, they are paid well too. You can brush up your make up skills and with a little investment you can kick start your career in the make up industry.
Fashion Accessories Provider
With the popularity of fashion accessories soaring high, there couldn’t be a better business idea than become a provider of these accessories yourself. You can procure in-trend fashion accessories in bulk and sell them on amazon or a local store nearby. You just have to remain updated with all the latest fashion trends. Since your budget is tight, you need to focus on procuring low cost fashion accessories.
Have other business ideas too? Let us know! You will also love to read these Fifty Small business ideas with low investment.
Weird and Bizarre Business Ideas That Proved to be Successful
Common business ideas are easy to think about while equally complex to achieve success, while coming up with unique business ideas are hard to believe but can be successful with a little effort.
Our today’s topic is something similar to that. We shall help you come up with unique ideas that need no or less investment while they can be beneficial from the start too.
So, without making any delay, explore the list of unique ideas that can become a successful business.
#1. Plant consultant
Becoming a plant consultant is no less than becoming a philanthropist, at least in today’s global warming situation. You can simply start this business by assisting others in keeping their gardens, backyards, and other greens healthy and thriving. All you need to have is planting knowledge, and you are all set to become a plant consultant.
You can initially start assisting your friends and family and even grow plants in your gardens and backyard. Gradually, you can grow your business by providing services to your close ones. Meanwhile, you can also adopt digital platforms to promote your business.
- create a website
- Write blogs about planinting
- Promote greenaries
- Write contents relevant to planting
- Open social media counts
- Promote blog on these platforms
You can connect with people across social networking sites, such as Facebook, Twitter, Instagram or others.
#2. Homemade meal kit/Meal prep business
There are so many people who are too busy to have enough time to go to grocery stores, but they need to eat fresh food to maintain their health. It can be an excellent opportunity for you if you have a passion for food.
The reason you should start this business is that it needs no special planning, large investment, and most importantly, a storefront. From the skill front, you don’t need an expert to help you in this business. However, if you have knowledge about a healthy diet, it can be a great help to you. All you need to do is explore the right locations—corporate offices and localities where people are health conscious and tend to avoid grocery stores.
#3. Party committee/ Hangover helper
In recent years, hangover helpers or party committees have witnessed great hype as people look for someone who could help clean their home after the party. Besides, people enjoy the party, and the next morning, they suffer from a horrendous hangover and don’t want to clean up their trashed apartment.
There comes the party (cleanup) committee that takes care of all post-party chaos, including serving breakfast and ensuring you don’t have anything left messed up. It’s an all-season business, and you can stay busy all over the year.
All you need to do is promote your services among individuals, corporate offices, societies, and more. You can also take digital support to promote your business.
#4. Dump truck business
If you have been associated with the trucking business, then starting a dump truck business can be a great initiative. With $20,000 to $40,000 of initial investment, you can start this business and earn as much as $40,000 to $80,000 annually.
More than that, if you have a broader vision and want to achieve something significant, then you can make millions of dollars out of this business.
To initiate this business, all you need is to buy a new or used truck, connect with prospective clients (that will include construction companies, manufacturing companies, mining companies, etc.), and get started. Once you start growing into business, you can consider implementing technology to support you expand your business.
#5. Package-free shopping
There are times when people did not use to care about the resources they used to waste. But things have changed now, and they are pretty much concerned about resources that go wasted, especially in the food packaging process. Most importantly, things like cardboard, plastic, Styrofoam, and twist ties are dangerous to the environment and living atmosphere. And, while they are not recyclable, the package-free shop can be the alternative to them.
Such (Package free shop) offers convenient and simple alternatives to single-use plastic products, and customers like to support the initiative. However, you need to make sure that people are aware of this cause, as this is the matter of awareness.
#6. Dating consultant
Have you thought of this business? If not, then you can consider this if you have skills that can solve people’s problems. Dating consultants are the most valued and demanding business today.
Everyone needs a suitable partner with whom he/she can spend some quality time, share his/her feelings, emotions, and most importantly, find a shoulder when he/she needs support. However, very few people are lucky enough to have such privileges, and most others are left regretting throughout their lives.
Jealousy, possessiveness, unreasonable rigidity, infidelity in terms of emotional, physical, sexual, and others are the enemy of the relationship, and a mediator who can work to combine those broken hearts is considered the material god.
These are the reasons why online dating sites are becoming popular these days. Meanwhile, such areas are also vulnerable to cheating, and people, most of them if not the least, look for reliable sources to get support.
#7. Flexible, shareable workspaces
Every day, technology makes it possible for businesses, startups, entrepreneurs, and employees to carry out their initiative and businesses from anywhere. Flexibility to do jobs remotely or anywhere has eliminated the need to invest in renting and buying office space.
If you have a piece of land with proper office ambiance, you can provide office space to officeless people and make good bucks. You can start offering spaces on flexible, month-to-month membership options. You can find plenty of freelancers who prefer to work outside their homes and enhance their efficiency.
When it comes to digging out unique business, you can find plenty of businesses that are less popular yet most profitable. All you need is to explore and dedication to put effort into it. We have rounded up the weirdest and bizarre business ideas that will help you stay busy and healthy throughout the years.
Author bio:- Chris is Journalist whose heart goes with startups and entrepreneurs. He loves technology, but more than that he loves to explore how it enhances the life and livelihood of humanity. He works with an aim to share his incisive knowledge about innovations, like IoT, AR, VR and Smart Technologies to Business, eCommerce, Startup and Enterprise . To describe him in one word, he is a writer focused on Tomorrow’s World.
11 Small Business Ideas for Women Entrepreneurs
If you are a woman looking to start her own company, you’ll be glad to hear that there are plenty of options out there. However, as starting a business is never an easy endeavour, you need to carefully consider what you would like to do and what you are qualified for. If you are open to going back to school and expanding your skillset, the choices are countless. So, here are some business ideas for women entrepreneurs to get you thinking.
If you are good with numbers and happen to have an accounting or bookkeeping degree, the choice seems pretty obvious. You can start a company from home that offers financial services such as producing financial reports, handling payroll, and tracking income. Keep in mind that you will have to familiarize yourself with the best accounting/bookkeeping software if you want to compete with the leaders in the field.
While the tech industry is famous for being dominated by men, if you have a knack for app development, you can still find companies that will love your services. What is more, you can surely find other companies that are run by women that are in search of a woman-led business they can work with. Maybe you have some cool ideas for apps that no one else seems to be producing and the technical knowledge on how to make them, so why not give this a go?
If fashion is your passion, you can think about opening a tailoring boutique. You can do this from the comfort of your home or rent a space where you can fit a sewing machine at the least. Set up a page for your business online and show off your skills and designs. Other than creating pieces from scratch, you can also offer other tailoring services to people.
You can also sell your garments purely online. What is more, it doesn’t have to be only clothing. If you are crafty and creative, you can make everything from furniture to various kinds of supplies. Platforms like Shopify are great for newbies as they are easy to use and allow entrepreneurs to reach a bigger audience. This approach is very popular as you get to make what you love and earn money by doing it. Plus, you can do it from home and sell to people from all over the globe.
Do you have a way with people? Why not consider opening a company that deals with marketing and public relations? Many businesses out there are in search of a good storyteller that will come up with a truly visionary marketing campaign which will help them reach a brand new audience. On the other hand, with the rise of influencers, more and more people require a publicist. Perhaps you can be the one that helps them out.
If you’re looking for a way to enter the beauty industry, there are many paths you can opt for. Opening your salon where you will offer everything from haircuts to manicures and pedicures to skin treatments is one way to approach this. However, keep in mind that having some sort of degree or certificate to display will help you with attracting customers. If you can’t afford to go back to school, you can look into VET Student Loans or a similar program that can assist you with paying tuition fees.
In case you always wanted to help people but you feel like you are not making a difference at your current law firm, you might want to consider starting your practice. When opening a law firm, you should concentrate on the field of law you have the most experience in. However, you can also choose to expand your interests and add another area such as immigration, family, or entertainment law to your offer.
Something else you can do if you’re good with people and make connections easily is to go into the HR sector. While some companies decide on having an in-house human resources department, others would rather cut their overhead costs and outsource this part of running a business. This is where you can step in. From hiring and training new staff members to lend a helping hand in resolving various workplace issues, there are plenty of jobs an HR manager handles, so ensure your interpersonal skills are on point.
Content creation involves all sorts of jobs you can do online. From writing, editing, and proofreading blog posts to taking photos and creating videos, you can decide what you want to do as companies are always in search of content that will attract an audience. If these things are something you like doing as a hobby, it even means that you will not have to invest a lot in equipment and further education.
Women are often lauded for multitasking and managing to accomplish so much in a single day. If this is something you can relate to, perhaps event planning is the career choice for you. For example, you can manage personal events like birthdays and weddings, opt for business events like conferences, or do it all. Proper time management, being able to deal with various vendors, and knowing how to accommodate the many wishes of your clients are the skills that will be necessary for succeeding in this line of work.
Finally, if you are much better at dealing with animals than with people, you can opt for opening a pet-related business. Pet owners are increasingly in search of groomers for their little furry friends, so consider offering this kind of service. On the other hand, you can go back to school and get your veterinary degree if you want to help pets in need of medical care. Finally, you can even make various kinds of treats or clothing items for pets. Hopefully, these eleven suggestions gave you the boost you needed to start thinking about ideas for starting your own business. Find something you are good at or invest in yourself to become even better and give opening your own company a ch
10 Most Profitable Niches for Blogging
So you are looking to start a new blog, and not sure about the niche, which no doubt is a tough decision. Blogging requires a lot of work, and you will want to avoid wasting your time starting down the wrong path.
According to research by Search Engine People, blogs stands as the 5th most trusted source for accurate online information. It implies that there are a lot of people involved in blogging, which means strict competition. So, if you don’t choose the right niche, you’ll struggle a lot in the long run. So, we’ve compiled a list of top 10 most profitable niches for blogging to help you in your bid to make money from blogging.
10 Most Profitable Niches for Blogging
Making Money Online
Making money niche is arguably the biggest income puller online. It is a very saturated niche in that a large number of blogs and sites makes use of this niche. However, it stands as one of the most comfortable niches to make a ton of money from if you have skills.
However, this niche is heavily crowded, and it might be quite challenging to establish an authority site. But if you have a hold on a tiny percentage in this market, you can become an online millionaire.
Gadgets and Technology
The impressive thing about technology and gadgets is that it is easy for you to come up with ideas such as trending topics, reviews, and so on. Also, there are a lot of demands ranging from gaming laptops to gadgets to smartphones.
To make high profits from this niche, you can write informative articles, reviews, and comparisons on products and gadgets. It will help provide guides and solutions to people’s problems on which products to acquire and how to use it.
Health and Fitness
Health is known to be one of the most profitable niches from the start of the blogging era. Also, are you aware that according to research, the fitness industry in the U.S is worth over $30 billion? For at least ten years, the industry has an annual growth rate of 3 to 4% because people are becoming fat due to their diet habits.
Everyone is willing to stay healthy and fit, and they don’t have a problem spending a couple of thousands of dollars on getting information and tips on how to stay healthy.
Finance is the utmost concern of people in the age of expensive lifestyle and extreme uncertainties. Hence, there is an urgent need for guidance on effective personal management of finance, spending wisely, and how to save money. These factors make personal finance one of the highly probable niches for blogging.
Also, in this niche, you can easily blog about hot trends like cryptocurrencies such as bitcoin, blockchain, etc. If you are a finance expert, you can give tips and guides on how to invest.
The travel niche is one fantastic niche because it allows you to fulfill your dreams of exploring new places and traditions and functions as a means of generating income. If you enjoy traveling and adventures, this is the most appropriate niche for you to invest.
Sources of income from this niche maybe resorts, travel agencies, hotels, and companies manufacturing and involved in the sales of travel products and guides. Such industries and agencies will be willing to pay you if you can draw a broad audience by writing articles and giving reviews about your experience and journey to beautiful destinations of travel, adventurous places, etc.
Relationships and Dating
Relationships and Dating is one of the largest industries that have rapid growth in the world today. As the population of the world keeps increasing, the relationships that exist between people, couples and friends are getting more complicated.
As a result, a lot of people seek relationship advice and counseling to lead a better lifestyle to manage their relationships, marriages, and general affairs with others. As a result, the relationship niche stands as one of the desirable niches for blog creators
Fashion and Beauty
Fashion and Beauty is one niche that significantly depends on the personality of the blogger. If you think you have what it takes to carry people along and are fashionable, you will earn a lot from this niche. Your primary audience will be women, but you can also attend to men.
You should know about beauty products, skincare, and fashion trends and accessories. If you can give useful tips or guide your users to the right products, your blog will be able to generate high traffic and a stable income.
In an era where people are constantly questioning their life purpose and identity, particularly in first-world countries that have attained a certain standard of living, people are in search of something more than the ability to eat their next meal, which is a fulfilling life.
Therefore, personal development is a large and expanding niche. Also, it could be quite gratifying to help others transform their lives.
Hobbies are great because they usually have a pool of every enthusiastic customer with high interest in the niche. For instance, specific skills like sports, playing the piano or guitar, gardening are niches with a broad fan base that is willing to spend.
Also, If you pick a good hobby niche, it could be a lot less competitive than some of the other niches present in this list.
A lot of businesses, both online and offline, are always in search of business solutions. These solutions include issues on accounting software, website creation, and development, management of social media, virtual assistance services, or any type of value proposition that can help the business grow.
Also, businesses usually have a much higher budget, and selling top tickets and services to them means you will be able to make a significant profit.
The potentials in each of these niches listed above are endless because a lot of sub-niches are present in them. At this point, you have no excuse to start earning as much as you want from your blog. It is time to take action
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