Great Business Ideas With Low Investment Costs
What are the best business Idea with Low Investment Cost you could start today for under $1,000? I’ve got some great small DIY business ideas you can start for less than you’d expect!
The costs of starting up a business can get out of hand quickly when you consider traditional routes with high overhead not to mention unexpected expenses.
The reality that it could take a year or more to start turning a profit makes starting a any business daunting. This is why you want to really think about DIY business ideas you can start for very little money.
The odds are that most businesses won’t even make it through their first full year which makes the risks of investing a ton of money up front even less enticing.
But what if you could find or figure out how to do a leaner, meaner version of a startup? What if you could cut most of the typical overhead expenses? What if you could DIY your small business idea and make money in your first year?
What does a low investment business even look like? Could you start a profitable bsuiness for under $1,000?
You definitely can and here are some ideas…
Start an Estate Sale Company
This seems like the perfect idea for 1 or 2 stay at home Moms or friends who work well together. The startup costs include tables, shelves, signs, pricing equipment, pens and a cash box.
You could even rent some of this for your first few jobs until you’re up and profitable.
The average estate sale has about $10k worth of potential sales and you can charge around 35% commission on everything sold. That’s a nice little payday for a week’s work.
Each sale usually takes you one week from start to finish. Monday through Wednesday is all about organizing and pricing and promotion (advertising the sale), then you can start selling Thursday through mid-day Sunday and then you close it all up and donate what didn’t sell on Sunday afternoon. You can even donate to the client’s favorite charity!
The best ways to find clients doing this is to make flyers and distribute them to realtors, funeral directors, estate attorneys and personal organizers in your area. They know which homes and clients need this type of service and will appreciate having you as a resource.
Eventually you can hire hourly workers to help you so you can be running more than one sale per week and expand the business.
Set yourselves up to accept credit cards using a service like www.squared.com and you’re golden. The startup and overhead costs are low and the potential to make money is there!
You may want an attorney to create or look over your contract with your clients. And some kind of umbrella insurance policy might also be a good idea to cover yourselves. The attorney is a one-time cost and check with our local insurance agent for the rates on an umbrella policy in your area.
In any case starting an Estate Sale Business is a business idea with low investment which you could definitely start today for little to no cash.
Start A Blog
This is one of my favorite businesses you can start for under $1,000!
Blogs are great because you don’t need to be tied to an office or do it during normal working hours. You can work remotely and earn passive income – and on your own schedule!
I run this blog and a post I may have written six months ago can be earning me income even while I sleep. My blog is read in multiple countries all over the world. I may put in 20 hours per week on my blog but it’s definitely working for me 24/7/365!
The reason starting a blog is one of my favorite low cost business ideas is that with a blog you’re not trading time for money. Your income becomes passive and I am addicted to passive income
Starting a blog from scratch is easy and can be set up in less than five minutes! Monetizing your blog can take a few weeks to months, depending on how much time and work you can put into it.
Many established bloggers say the first $1,000 will be the hardest and that once you pass that mark, blogging becomes easier and the income can grow from month to month.
The cost of starting a blog are super low, hosting can be less than the cost of a Starbucks coffee each month! Blog overhead is also really low as its mostly you, your laptop and your desk!
The ways I have monetized my blog are through affiliate links and advertising revenue and my blog income has been steadily growing. I go over the exact steps of how to start your blog here!
I’ve used Pinterest and Google to drive *free* traffic and most of what I’ve spent is either sweat equity aka time or blogging education and courses to learn skills and techniques used by the bigger bloggers.
I list all of the courses I’ve taken on my resources page so you can see exactly how I’ve monetized my blog and follow in my exact footsteps!
Starting a blog is great if you want to have more autonomy with your time, like the idea of being able to work remotely and on your own schedule. It’s a great business idea with low investment needed up front that has high income potential in the future. Start Your Blog today!
Dog Walker or doggie day care
Dog walkers in my area get $20 per hour per dog and many of them are walking 3-6 dogs at a time! It seems like a no brainer for someone who loves animals and being outdoors. Dog walking is a business idea with low investment.
A good way to start would be with some flyers and also post notices on apps like www.nextdoor.com or craigslist.
Once you’ve got a client on a block then network further to find more clients to make your work geographically convenient.
Definitely check with your local insurance agent to see what type of business insurance coverage might make sense for this kind of business.
Dog walking is a great diy business idea you can start with very little cash and spend your days walking your favorite furry friends around the block!
Affiliate marketing is where you make a recommendation for something you have used and liked using a link and a disclosure and someone clicks on your link and buys something and you get paid.
It’s one of my favorite ways to earn money online because it’s passive, meaning it works 24/7/365 even when you’re on the beach or taking a nap or running an errand.
You set up your links in a blog or on a site or on Pinterest and people surfing those links click and buy something they’re already looking for and you get paid!
But how do you set up those links? Do you need a blog? The truly beautiful thing is that you can earn money through affiliate marketing with or without a blog. And here is how…
Making Sense Of Affiliate Marketing is the perfect affiliate marketing course to take if you’re thinking of starting a blog or already have one. It gives you a system and strategies for picking the right affiliate products to promote and how to create the Pinterest (free!) traffic to get those sales!
The course is constantly being updated (evergreen) but best part is the private Facebook group (and an awesome Tailwind tribe) you get to join where you can ask all your burning questions and get advice from pro bloggers in real-time!
Michelle consistently makes $100,000.00+ per month with affiliate marketing so she is THE one to learn from on this topic. I made my first two affiliate sales within two months of taking her course and that’s just the beginning!
What if you want to make money with affiliate marketing but you don’t have a blog?!
YES! You can also read How To Make Your First Affiliate Sale in 24 Hours by House Of Brazen. While I personally didn’t make my first sale within 24 hours (I made it within my first two weeks which is still pretty great!) it’s entirely possible to do so and the point is to learn how to make passive income online 24/7/365, even while you’re asleep with this great ebook.
Her e-book is inexpensive and if you follow the instructions you can make your money back quickly and keep going because then you will know how it’s done! Getting those *you’ve made a sale* emails have been SO fun!
Affiliate marketing is definitely one of those business ideas with low investment needed to turn a profit.
Become a Personal Organizer
Do you love re-doing your closet? Does an unruly garage or a messy kitchen drawer inspire you? Are you a clutter buster by nature?
Everyone wants their homes Marie Kondo’d and infused with more clutter-free joy these days! This is an easy diy business idea to start on a small budget.
Distributing flyers and business cards to local realtors is a good place to start building up your clientele. Also try networking with realtors as they often know clients who will need your services either before or after a big move.
Again, this is the kind of business which has little to no overhead and very low start-up costs. Clients can book you by the hour or by the day and you show up and help them re-organize their lives, one drawer or closet at a time.
You are trading time for money with this but with hourly fees starting at $25-$50 you could start earning a real income this month! What a great DIY low investment business idea.
If you’re a word geek or the kind of person who always finds spelling errors and typos this is definitely the business idea you’ll want to start!
Proofread Anywhere has helped over 4,000 students learn how to proofread and you can literally work from anywhere.
There are several industries like legal, publishing and social media which rely on proofreaders on a daily basis and once trained you can find freelance proofreading work online and have your own low-cost business.
Caitlin Pyle, the creator of www.Proofreadanywhere.com has been proofreading since 2007.
Check out her FREE 76 minute workshop course where you can learn her proofreading basics and where she teaches students everything they need to know to start their own proofreading businesses. Caitlin’s course is one of the very best proofreading courses that exists online today!
Proofreading is a low cost small business you can start for low cost and maintain with very low overhead. This small business idea is ideal for teachers, writers and anyone who loves reading, grammar and punctuation. Consider becoming a general proofreader today!
Senior Day Care Provider or Senior Helper
Many seniors who want to age in place can use the help of a responsible adult to check in on them during the day to make sure they’re eating, opening their mail and generally doing okay living on their own. This is especially true when family or friends don’t live nearby.
I had a friend who worked for an older gentleman. She would bring in his mail and help him go through it, make sure he was taking his medications and make him lunch and make sure he had plenty of groceries. She would also oversee any type of home repairs he might need and help him setting dr. or other appointments as needed.
There are several websites who post ads for this type of work like www.care.com and this requires almost no overhead or startup costs. You could work with multiple clients per week on various days with flexible hours. You could have one client or multiple clients throughout the week and start this kind of service with little to no up front costs.
Business Ideas with low investment costs are great resources when you’re looking to diy a small business idea and work for yourself! Which one works best for you? What are some business ideas with low investment which you’ve tried?