Best 30 Business Ideas to Start With Less Than $10K
Operating and running a new business venture successfully is a tough job.
According to a report, about 80% of new businesses close down in the first year.
This is a huge failure rate.
This should make you even more watchful about the steps you take to establish your startup.
One of the reasons for the high rate of failure may be that many entrepreneurs chose a wrong business idea.
Along with a clickable business plan, you need to have every branding material in place.
You need to create a logo (not your task but a designer’s), label, brochure, packaging and everything in between…
If you are planning to start your own business, then having that passion about entrepreneurship isn’t enough.
You need to have a great business idea that isn’t only in demand but unique too.
But don’t worry, I got your back.
I’ve come up with great small business ideas that you may likely consider in order to start your entrepreneurial journey.
These are ideas that, of course, you can develop with little or no money.
You don’t believe it?
When I first started with lead generation (my business model first-choice ALWAYS), I had a boring 9-5 job and lived only to pay bills …
But I decided to step up and invest $10 to get started in the lead generation business …
And today, I earn a 7-figure salary and work less than 4 hours a week!
Let’s get started!
Top 30 Low-Cost Business Ideas
01. Print-On-Demand (POD) Online Business
POD stands for Print on-demand and is perhaps the easiest way to make money online.
The average time it takes to start a business like this is 3 to 5 days!
The principle behind this is really simple:
- You sell unique t-shirts that will be created after your customer places an order.
- You will then take the money from your customer and pay for the order.
- Your supplier sends the t-shirt to your customer.
You get the profit and you don’t even need to invest in stock or maintain a warehouse, it can’t possibly get easier than this.
You can start selling t-shirts, hoodies, tote bags, and more in absolutely no time.
But keep in mind that people buy t-shirts based on what’s on them.
This is also the hardest part of starting a POD business, as a lot of entrepreneurs aren’t designers… but businessmen.
If you want to start right now but don’t have that cool design, you can check some graphic design services pages.
World-renowned designers are waiting for your next big project, and the prices are really fair, starting at only $50.
02. Food Truck Business
People who love to cook or experiment with food usually dream to have their own restaurant.
But unless and until someone is lucky enough to get funding during the initial stage, not everyone can afford to make such a big investment.
Well, don’t get disheartened.
If you are short of money then opening a food truck business can be one of the best business ideas with low investment.
All you need to make an initial investment is to buy a food truck.
Having a food truck business is also a great way to figure out whether people are liking your food or not.
And if you’re lucky enough to get a great response, you may think of converting your food truck business into a restaurant business.
03. Coffee Shop
Over the past few years, the coffee industry has seen a huge growth.
Earlier people went to coffee shops to spend some quality time with their loved one.
But today, people are conducting their official meetings there.
If you yourself are a ‘coffeeholic’ then convert your love and passion for coffee into a profitable business.
When it comes to coffee shops menu design, custom mugs design and ambience plays a very important role.
Take the help of graphic designers for menu design!
Starting a bakery business is one of the most successful home-based businesses available today.
If you enjoy baking and have skills not only to create tempting food but also visually appealing, then this can be one of the best startup ideas.
You can also tie-up with retail shops to sell your products in their stores.
05. Cooking Classes
Do you love cooking?
Do you make food so scrumptious that your loved ones can’t stop praising the food and the presentation?
If the answer to these questions is yes, then it means that you’re a great cook.
Starting cooking classes is also one of the great business ideas from home.
Just like fast food joints, this business too requires minimum capital investment, and once you start gaining popularity, you can always start your own training center.
06. Ice-Cream Stand
If you’re looking for part time business ideas, then this can be the perfect option for you.
Starting an ice-cream stand or a kiosk can bring you handsome profits.
You can have a mobile or a fixed ice cream stand – whatever brings you more income!
When it comes to ice-creams, people love to try new flavors.
Spread the word on social media pages and make your audience aware of the new ice cream flavors, special offers, etc.
07. Product / Business Reviewer
Startups or individuals usually look for people who can write reviews for their products or services to encourage the audience to make a purchase.
If you love to write and look for online business ideas, then this can be a great option.
You can either get started with a profile on freelancing websites or contact companies directly.
You can write reviews for them in exchange for a monetary reward by becoming an influencer.
Even better, if you have your own website or a blog, you can write a post about their products.
But, I highly recommend reading some studies, guides & blogs before trying your hand in product/business reviewing.
08. Home Food Delivery
For many years, you may have enjoyed preparing meals and bringing it for office lunch.
However, today, because of the busy schedule, food delivery companies have gained a lot of popularity.
People have started looking at home-cooked food online and taking monthly or yearly subscriptions.
If you’re looking to start your own business in the food industry, then this can be one of the great business ideas.
In the initial stage, you can start with a short menu with the right delivery boy.
And if things go well, you may take it to a large scale.
09. Bookkeeping Services
A bookkeeping business involves managing income and expenses, processing payrolls, and preparing tax returns for business clients.
If you know accounting or have experience and skills in bookkeeping, then this can be the best small business to start with.
Today, small businesses don’t have the time or ability to set up and manage their bookkeeping systems.
By providing bookkeeping services to them, you can earn a good amount of money.
Since the business includes handling of sensitive data, it’s advisable to have a team of seasoned professionals.
If managed and handled properly, this small business idea can be very profitable these days.
10. Website Design
In today’s digital world, you’ll hardly find any company that doesn’t have its own website.
Even if it’s a one-page website, having an online presence has become necessary for businesses.
In order to look fresh and impressive, companies keep revamping their website design.
If you have all the required skills, then having a business of website design can be the best option for you.
You can get lots of clients and few professionals to meet their requirements.
This is one of the small business ideas, which has really worked well for many.
11. Digital Marketing
The world of business is now digitized.
Having an online presence has become mandatory for businesses today.
Unlike traditional marketing, digital marketing is helping companies in connecting with their target audience all around the world.
The services of digital marketing are so much in demand that this can be the cheapest business to start with.
All you need to have a team of experts and a space to start your business operations.
In order to get the clients for your business, you need to come up with a convincing presentation and a website with compelling content.
Even, you can visit the best site to buy Instagram followers.
These sites or digital agencies help businesses grow their followers via various tactics.
But if you want me to make it even easier for you, you can simply dedicate yourself to generating leads for local businesses.
Within all branches of digital marketing, it’s undoubtedly the best business model.
It’ll only require a small investment on your part (like the $10 I told you about before) to learn how to set up online billboards.
These online billboards are assets that you create for the clients (local businesses) that’ll hire you…
And the impressive thing is that while you’ll spend an afternoon creating them, they’ll continue to be active 24/7, constantly directing traffic to your clients’ pages.
What does this mean?
It means that you will become a business machine for other businesses, and believe me, it’s a skill that pays VERY well.
12. Currency Trading
Currency trading can be one of the most lucrative and fascinating small business ideas.
If you’re someone who’s good with numbers, willing to work long hours, ready to take high risk, then this is the ideal business for you.
13. Event Planning
If you are an extremely organized, detail oriented individual, who loves to organize parties, then you have the right personality to start an event planning business.
You may either choose to specialize in a specific type of event (wedding, birthday parties, company meetings, etc.) or can go with all types of events.
The choice will totally depend on your skills or experience.
The biggest advantage of having an event planning company is that if your clients like your work you can get repeated clients and those clients may help you in finding new ones.
You also get some percentage of money in advance.
Photography isn’t only about capturing pictures but emotions too.
Taking pictures is now no more a hobby.
It has turned into a business now.
In 2015, the digital photography market was estimated to reach $77.66 billion; it’s expected to touch $110.79 billion marks by 2021.
These statistics are enough to show that it can be one of the most successful small business ideas.
This type of business often grows by word of mouth, but you can create a Facebook page, Instagram page or any other popular social media page where you can tag your clients and gain popularity.
15. Fast Food Joint
Starting a fast food joint is one of the small profitable business ideas.
Although the industry already has a lot of big sharks like McDonalds, KFC, etc. you can make profits if the location and food quality is great.
People always look out to try new eating joints.
They also search for the nearest food joint for home delivery.
All thanks to Google maps.
Apart from food quality, in order to get the attention of customers, make sure your business should have a unique and eye-catching custom logo design.
16. Yoga Studio
Today Yoga has spread widely as a science and art of wellness.
People from all around the world have started showing interest in yoga asanas to get relief from physical and mental health.
Having a yoga studio can be the easy business to start with.
You have the high chances to succeed in this business providing you know all the moves perfectly.
In order to make your business stand apart from competitors you also need to come up with something unique and innovative.
And it can be anything – yoga logo design, easy ways to do asanas or any extra facilities.
17. Pet Business
Do you know that 68% of U.S households own at least one pet?
People actually spend a HUGE amount of money on their boarding, grooming, daycare flyers, etc.
After knowing the facts, you must have also agreed with me that this is one of the best business ideas to make money.
18. Daycare Business
Taking care of children when parents are away from home is high in demand.
But for parents finding a right or trustworthy daycare is little difficult.
Fill a need in your neighborhood by opening a daycare business.
It isn’t only a great business to start with little money, but also provides flexibility, recession-resistant and non-seasonal markets.
19. Content Creation Agency
These days creating catchy and unique content has become one of the big challenges for companies.
Rather than depending on one professional individual, they have started taking the help of agencies to curate impressive content.
If you’re an excellent writer, then you may consider starting this as one of the best businesses to start in 2020.
As a content marketer, you need to create relevant and valuable content for your own business so that you can attract the attention of the target customers.
You may choose any means to deliver content like videos, infographics, webpage, blogs, etc.
20. Mobile App Development
With a majority of people using smartphones, there are countless apps that are developed every day.
In order to tap into new revenue streams, companies now find mobile apps more useful than desktops.
Currently, there are around 2.53 billion smartphone users worldwide, and the number is expected to grow by 2.87 billion by the end of 2020.
Since the vast number of apps operate on a free or freemium basis, in-app purchases and digital advertising represent their primary strategies of app monetization.
It’s giving a lot of app developers a bright future in the industry.
If you’re brilliant tech-savvy, then you may think this as one of the best businesses to start in 2020.
Get as many clients as possible.
Hire other developers, as required to meet the requirements of your clients.
21. Agriculture Business
Agriculture business is all about the production and marketing of agricultural goods through farming items related to crops and livestock.
If you have vacant land that is suitable for agricultural activities, then agriculture business can be the best home based business idea.
Here is a list of business ideas in agriculture:
- Agriculture Farm
- Vermicompost Organic Fertilizer Production
- Fertilizer Distribution Business
- Poultry Farming
- Beekeeping Business
- Fish Farming
- Basket Weaving
- Dried Flower Business
- Dairy Farming
- Fruits And Vegetable Farming
22. Interior Designer
It’s one of the most creative business ideas to start your entrepreneurial journey.
The trend of interior designing is growing tremendously.
The industry has become so competitive and flourished that individuals have started considering new business ventures in this niche.
When it comes to interior designing, there are so many areas to get specialized in.
Some of them are residential projects, workplace projects, commercial projects, etc.
23. Make-Up Artist
Businesses from all around the world have come up with innovative beauty products that have started giving more confidence not only to females but males too.
Make-up artist is one of the most successful home based businesses available today.
It’s the most lucrative business providing flexibility, recession-resistant and non-seasonal markets.
If you know how to create magic with powders, lipsticks, and shadows, this could be the business for you.
24. Homestay Business
These days, the prices of hotels have increased a lot.
And during seasons, it’s quite difficult for individuals to get a room at a reasonable price.
The situation has given rise to the trend of homestay business.
Unlike old days, when people used to plan a long holiday once or twice a year, today in order to relax their mind and take a break from their daily routine, they have started planning a weekend or short vacations during the whole year.
If you have a place (with all the facilities) where you can give accommodation to travelers then this can be one of great side business ideas for you.
You can earn a handsome amount of money in this business.
25. Online Tutoring
The online tutoring service industry is growing rapidly with the continued development of technologies and widespread usage of the internet.
Individuals who don’t have time to attend full-time classes have started taking the online classes.
Just choose the field you are passionate about and help others in gaining knowledge by providing virtual classes.
At every stage, people love to learn new things. So having online tutoring can be a profitable business.
26. Decor Business
If you want to establish your startup and are looking for creative small business ideas, then this can be a great option for you.
You may either choose to have a home decor business or office decor business.
Both have a great scope in the current market and the future as well.
The business can be operated either online or from the brick-and-mortar office.
One thing that’s important in this business is ‘unique designs.’
You can either create your own designs or get it done from vendors and sell them under your own name.
27. Dance Studio
The growing popularity of dance T.V shows has increased the interest among people of all ages to take dance classes.
If you have a commercial space that can be adapted to a few class rooms and wider performance area, then you may consider opening a dance studio.
You can also rent it to the aspiring Youtubers who can dance but need a space for shooting.
28. Gift Wrapping Business
Nowadays, just like a gift, the presentation of the gift holds great value.
Today, the presentation hasn’t only been restricted to workplaces but in all the industries like food, gits, etc.
It has given the opportunity for many individuals to start a business from home with low start-up cost.
If you are a creative person who loves to combine colorful ribbons, papers, flowers, etc. then you may consider this as an appropriate business for you.
29. Music Studio
Plato once said that musical training is a more potent instrument than any other, because rhythm and harmony find their way into the inward places of the soul.
Music is something which is liked by every individual.
Researchers have shown that music helps in developing the mind.
Aspiring professional singers look for studios so that they can record their own music and albums.
Therefore, starting off with a music studio can be the easiest business to start with, if you have the infrastructure ready.
Don’t forget to get a music logo for your studio. That’s really important.
30. Clothing Boutique
There are individuals who have a great eye on fashion, who can create different styles by using any patterns, who can make some look fabulous at any occasion.
If this person sounds like you, then you should consider transforming your passion for fashion into business.
Like any other business, before opening a clothing boutique, you need a proper business plan, a right location, and trained people.
Choosing a business is totally a personal decision.
You may find a lot of other possibilities, but coming up with some small business ideas that yield higher profits is a little tricky.
So, choose your passion from the above list and turn your dream into reality.
Personally I think that if your dream looks like the one I had …
You know, wake up late without the obligation to work until you WANT to work, do it from wherever you want: your home, Hawaii …
Work little, but watch your bank account inflate month after month …
Then only one of the ideas above will work for you for sure: lead generation for local businesses.
It’s the business model that allowed me to get my lifestyle laptop even though I didn’t have a lot of money to start with.
And it is also the one that allows me to swell my pockets with dollars even when I’m sleeping.
Sounds good to you?
Then, click here to find out how you can join the 7-figure club too.