Thousands of people all across America dream about starting their own business. No matter what your motivation is for being your own boss, you can start a business much sooner than you think and for far less. In fact, there are hundreds of enterprises waiting to be launched that don’t require a great deal of capital.
If owning your own business is your goal, the good news is, you can accomplish it with a solid idea and very hard work. But coming up with the right idea isn’t always the easiest thing. If you’re not confident where to start, here are 10 low cost, easy to start business ideas, spanning a variety of industries that you can launch quickly.
- Independent sales representative – Major direct selling companies such as Mary Kay, Avon, Herbalife, Pampered Chef, and Primerica all offer the opportunity for individuals to enroll as independent sales reps to get the word out to others about their products and/or services. In return sales reps can generate income from their own efforts on a part-time or full-time basis. In most cases you can get started for less than a $100.
- Online content production – If you write well and have a topic that your passionate about, why not start a content production business? The cost to launch your business includes a computer and an internet connection. You can easily promote your skills and services on sites such as Elance, Scriptlance, and oDesk where businesses look for contract workers.
- Online retailer – Are there products that you want to sell? Do you have a passion for a specific industry such as health, sports or the great outdoors? If you love fishing, consider selling fishing supplies & equipment. Starting an online store is easy and costs are extremely low. For example, eBay, Etsy, and Amazon lets you open up an online storefront for as little as $20 a month.
- Social media management services – Businesses of all sizes need help managing their social media profiles and activity. Major platforms such as Twitter, Facebook and YouTube are important networks that companies need in order to raise brand awareness and promote their products. If you already know how to use these platforms then the startup costs are extremely low and you can be up and running in no time.
- Virtual assistant – For less than $100 you can start a virtual assistant business right from the convenience of your own home. All it takes is a phone, computer, and internet access to be up and running. The work will vary with each client, but may include researching, data entry, appointment setting, and managing social media accounts.
- Consulting services – Is there a subject that you have extensive expertise on? Do you find that people are always asking your advice in a particular area? Why not put the value of your knowledge to work by launching a consulting business?
- Web design services – The majority of small businesses don’t have large budgets for website design. In fact, a 2013 survey conducted by Google and Lpsos found that 55% of small businesses don’t even have a website. That’s where you come in – if you know how to create websites you can start a web design business and start off by working with clients from your local community.
- Affiliate marketing – An easy and fast way to start a business is to promote the products and service of other businesses as an affiliate marketer. Certain businesses will pay affiliates to promote their products through various methods such as banner advertising, text ads, email marketing, etc. To learn more about affiliate marketing check out sites such as Amazon Associates, Commission Junction, ShareASale, and ClickBank.
- Pet sitting – Do you love working with animals? How about getting paid to play with pets? Pet sitting could be a great business to start as a part-time or full-time business. Pet sitters charge as much as $100 for overnight stays, and $20 for a 20-minute visit is typical in the industry.
- Driving service – With platforms such as Uber, Lyft, and Sidecar, you can turn the car you currently own into a business without spending a single dollar. As a suggestion, instead of offering every type of driving service possible, specialize in a service to a target customer so you can stand out above the rest.
If you take a good idea and put into action, you can be well on your way to becoming your own boss. Remember, starting a business is within the reach of anyone who has a good idea, wants to take a risk, and put in the hard work necessary to make it happen.
Marco Carbajo is a business credit expert, author, speaker and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, About.com and AllBusiness.com. His articles and blog, BusinessCreditBlogger.com, have been featured in Fox Small Business, American Express Small Business, Business Week, The Washington Post, The New York Times, The San Francisco Tribune, Alltop, and Entrepreneur Connect.