Starting a business can be one of the most lucrative ideas you can undertake to improve your financial life. In today’s world, whether you are a college student, a stay-at-home mom, or a retiree, anyone can start a side business and make a nice income.
The problem with most people is that they thought that starting a business requires a lot of capital and time, which in fact, may not be necessary. In this article, you are going to discover the 7 great business ideas that you can start almost immediately for less than $100. You have to understand that most businesses started small and when it is profitable, you can grow it to become bigger.
So here are the 7 businesses you can consider:
1. Selling Digital Products
With the power of the internet, you can start a digital product business with little or no investment. Simply open an account at ClickBank for free and you can start selling your digital products there. Be it a video course, a home training program or a simple eBook, anyone can profit from the digital age.
When it comes to selling digital products, you can choose to create your own or you can choose to be an affiliate and sell other people’s products. Usually, the commission can be high, ranging from 50% to 75% or even more. It can be a very lucrative business if you understand how it works and markets the product well. For example, if you are a dog lover, you can sell dog training courses from ClickBank and make a nice commission from there.
For a beginner, it is always advisable to start by becoming an affiliate and sell other people’s products. Once you gained experience and become an expert in your industry, you can create your own digital products and sell them in ClickBank too. Simply start a Facebook page or a blog and you will be in business.
2. Become an Uber Driver
Uber is popular these days. And depending on which country you are from, most likely you have heard of Uber, and most countries have other similar ride-sharing services such as Lyft and Grab.
What is great about Uber is that there is not much of a startup cost involve. Of course, this is to assume that you already owned a car. Becoming an Uber driver can be a good business because you will be working on flexible hours based on your own requirement. There are car qualifications and you will have to update your insurance, but these are the bare minimums you should adhere.
Once you are ready, you will be in business and start driving and fetching people around town. If you are hardworking, you can earn a nice full-time income by doing this.
3. Provide Freelance Service
Do you think you can write or perhaps you know how to use Photoshop or Illustrator to design some graphics? If you do, you can take on the road to become a freelancer. Writers and graphic designers are very common and they are always in demand on the internet. Websites need content to survive and thrive, and thus, if you can write, you can be a writer to earn a good living.
If you are serious about designing or if you know how to design a website, you can earn even more from website design jobs. There are numerous courses on YouTube and Udemy that you can learn the basics. Once you have mastered the skills, you can start to provide your freelance service via platforms such as Upwork, Fiverr, and Freelancer.
A lot of people are actually making a nice living from being a freelancer. They build their skills, grow their reputation and consistently receive work from their clients regularly.
4. Tutoring
Tutoring can be a good part-time business to start with. If you are interested in education and teaching people, especially children, you can start a home tutoring business. Most parents are busy these days, and they rather spend money to hire a home tutor to teach their children than to teach their kids themselves.
As a start, it will be a little challenging as you will have to use your evenings and weekends for the business. And depending on how good you are, you can actually earn about $40 per hour or more per person. And you once you have got hold of it, you can grow your business and start your own tuition center. This way, you can scale your numbers of students and make even more money.
5. Start a Dropshipping Business
When it comes to selling physical products on the internet, most people will think that they either need to create the product or they need to keep the inventory. And for dropshipping, you will never have this problem. Dropshipping is a great business model that more and more people are venturing into it.
Basically, you source the products from other websites and then you list them on your website. And when people purchase from you, you place the order from the supplier and ship directly to your buyer. You become the middle person just like how affiliate marketing works.
Dropshipping can grow and become a huge business that makes you millions of dollars, but first, you must learn how to grow and scale it from small.
6. Babysitting
Babysitting is an old business idea, but it still works even today. If you have the free time and are good with kids, you can be a babysitter and earn a full-time income doing it.
If you are good with it and you know how to take care of a baby, you can command a premium price from your work too. Plus, you will have the potential to grow your business into a childcare center if you want to.
7. Start a Blog
Starting a blog can be slow in the beginning, but the earning potential is unlimited. You have probably seen bloggers who built their blogs into a full-fledged business platform and earn millions of dollars from them.
Guess what, you can do that as well, as long as you have the persistence and commitment to grow it each day, eventually, your blog can become an authority website in the industry too. And when your blog receives consistent and targeted visits from people in your market, you can then monetize it through affiliate marketing, selling advertising or even sell your own products.
References
- businessinsider.com/side-businesses-you-can-start-with-less-than-hundred-dollars-2017-7
- smallbiztrends.com/2015/04/businesses-you-can-start-for-less-than-100.html
- wallethacks.com/side-businesses-to-start-with-under-than-100/
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