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
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Amazon Seller
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.
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Affiliate Marketing
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.
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Blogging
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.
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Freelance photographer
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.
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Freelancing websites
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.
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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.
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Event Planner
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.
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Freelance Videographer
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.
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Make-up Artist
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.
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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.
