Money Matters

25 Low-Cost Business Ideas to Jumpstart Your Entrepreneurial Journey

Many people with an entrepreneurial spirit are put off from pursuing their business dreams because of the significant costs associated with starting a business. However, many businesses today can be started with little money if you are dedicated and hardworking.

25 Best Businesses to Start with Little Money

1. Content Creation

Social media and the 24-hour news cycle have created a perfect storm of opportunity for creative professionals like writers and graphic designers. If this is your area of ​​expertise, use your talents to create high-quality, shareable content for businesses and media outlets that need help with their content strategy. Thanks to the growing gig economy of freelance and contract workers, it’s easier than ever to market yourself as a professional services provider.

2. Personal or Virtual Assistant

Entrepreneurs developing their businesses should focus on high-return tasks. They need professionals with good organizational skills to help them manage their operations. Many secretarial and front desk functions can be performed without an onsite personal or virtual assistant. These assistants often work from home for various clients, keeping track of calendars, making flight arrangements, and handling clerical tasks.

3. Event Planning Services

If you’re a highly organized, detail-oriented individual who loves planning parties, you may have the right personality to start an event-planning business. Event planners work on weddings, birthday parties, classroom remodels, and other events, making it easier for others to organize an interesting party. Planning a few pro bono events will help you gain the necessary experience. Build a solid database of vendors and contacts using LinkedIn and cold calling. Help organize the event of your clients’ dreams.

4. Errand/Concierge Service

Between keeping track of their children and juggling professional responsibilities, most working parents have little time to attend to personal tasks such as grocery shopping, running errands, or mailing packages. An errand runner can take care of these time-consuming tasks for customers and free up their days for the important things in life. Account for travel expenses when determining your rates, which can be hourly or by assignment.

5. Professional Reviewer

Yes, it really is. Good reviewers are valued by companies large and small. Many companies provide products and services to individuals so that they can write the company’s reviews. They want honest and high-quality feedback. They pay for your time or review. You get to try new things, read new books, experiment with the latest technology, and more, all while getting paid.

6. Social Media Consultant

Larger companies may hire a marketing company or a full-time employee to manage their Facebook and X/Twitter accounts and blogs, but small businesses often have to do it on their own. With so many other responsibilities, business owners can be too busy or overwhelmed to develop a great social media strategy. As a consultant, you can help them deploy the best tactics, schedule, and content for their target audience. As the number of their followers increases, so will your business.

7. Etsy Shop

Etsy is a popular online marketplace that sells jewelry, patches, and DIY goods from thousands of home vendors and larger manufacturers. Starting an Etsy shop is quite affordable. It’s free to join and start a store, but there are four selling fees: listing, transaction, payment processing, and offsite advertising fees.

8. Online Courses and Tutorials

What are you passionate about? Yoga? Baking bread? Web design? If you know something inside and out, you can help others enrich their lives by offering virtual lessons. Create downloadable instructional packages and videos or schedule real-time Skype lessons with clients. Another option for aspiring educators is to start a virtual or home-based training service.

9. Personal Chef

This job requires you to plan and prepare weekly or daily meals for your customers. Solid cooking skills and a working knowledge of nutrition and special diets are a must. You don’t necessarily need to graduate from culinary school, but having some cooking courses under your belt will boost your confidence. You may have to travel to supermarkets and customers’ homes, but your customers have to pay for the ingredients in addition to your service fee.

10. Translation Service

If you are fluent in a second language, you can find work translating written and spoken words from one language to another. Expanding international connections and the growing number of non-English speakers in the United States make this a growing field. The Bureau of Labor Statistics projects 4 percent growth through 2032. You can start your own independent service and market yourself to businesses, schools, hospitals, courtrooms, and conference centers.

11. Software Training

Are you a highly skilled software developer? There is a growing demand for training for amateurs and professionals looking to expand their skill sets. Technical manuals are available for business software such as QuickBooks and Final Cut Pro, but they are often expensive and difficult for the average user to understand. Schedule small group sessions or private sessions. Take up to an hour while giving a full program tutorial. Patience and a great personality are critical.

12. Music Lessons

For musically talented people, teaching others who want to learn an instrument can be a great source of income. Unless you teach piano, students can likely bring their own instruments to your home for one-hour lessons. Stock sheet music or songbooks in a variety of genres aimed at different skill levels so you can offer a wide selection for your potential customers. Voice lessons can also bring in a lot of money if you market yourself to local colleges and community theater groups.

13. Sustainability Consultant

Over the past few years, businesses across the country have been paying close attention to their environmental impact and aiming to make sustainability part of their business model. But eco-friendly business solutions are often prohibitively expensive, even for the largest enterprises. Businesses of all sizes are looking for experts to advise them. Sustainability consultants come from a variety of backgrounds, from management to engineering. Practical skills and experience are more important than specific qualifications.

14. Bookkeeping Services

Contrary to popular belief, you do not need to be a certified public accountant to work as a freelance bookkeeper. All you need is a knowledge of numbers and a working knowledge of basic accounting and bookkeeping tasks (although an associate’s degree in accounting or equivalent work experience is preferred). Some of the services you can offer as an outsourced bookkeeper are:

  • Use of the best accounting software and document management systems
  • Issuance of financial statements
  • Creation of balances
  • Payroll processing with one of the best payroll services

15. Digital Marketing Services

If you have experience in marketing, a solo digital marketing agency is a low-cost business idea. You can be up and running in no time. If you do not have a background in marketing but are interested in the field, you can take appropriate online courses to develop your skills. One of the best, yet hardest things about marketing is that it’s always evolving. Therefore, if you want to learn and grow, a digital marketing firm can start a business quickly and cheaply.

16. Affiliate Marketing

Affiliate marketing is easy and cheap, but it takes dedication and a long-term vision to achieve success. Affiliate marketing means promoting the products and services of other companies through affiliate links and earning a commission on the leads generated. All you need to get started is a blog or website and a specific product or service you want to promote. However, to be successful in affiliate marketing, you need to attract a lot of visitors to your website and get them to buy products or services from your affiliates.

17. Online Dating Consultant

If you love connecting with people and playing matchmaker, you should consider becoming an online dating consultant. As anyone with multiple online or app dating profiles can tell you, filtering messages and finding interesting people to meet can be quite the job. An online dating consultant can write interesting profiles, manage multiple client accounts, filter spam, and provide text or phone updates on potential matches.

18. eBay Seller

An eBay seller, sometimes called an eBay assistant, primarily sells other people’s products on eBay for a small commission. Becoming an eBay seller is simple and affordable, but the platform is full of scammers. You have to be very careful about who you work with because you can be held responsible for packages that your customers don’t receive. Be cautious when selling on eBay and never share any personal information such as credit card or bank details.

19. Internet Security Consultant

If you’re passionate about cybersecurity and computers, you’re a great resource for small businesses that need to update their online security. Helping business owners avoid viruses, hackers, and scammers can be a very lucrative business – especially if you have the cybersecurity knowledge and skills to secure sensitive customer and client information.

20. Graphic Design

Every company needs visual assets to brand their business and attract customers. Becoming a freelance graphic designer requires a computer, a design application like Adobe Illustrator or Canva, and an extensive portfolio of your work. You can provide extensive graphic design services or offer niche services. For example:

  • Logos
  • Show ads
  • Brochures
  • T-shirt graphics
  • Flyers
  • Hero pictures
  • Infographics
  • Instagram graphics

21. Vlogger or Blogger

If you are passionate about a particular topic or field and love to write or be in front of the camera, consider starting a professional blog or vlog. To blog, all you need to get started is a computer and a website. Vloggers should invest in a high-quality camera, video-editing software, and AV equipment as needed. To make money, you can offer advertising space on your website, find video sponsors, or create an account on a funding platform like Patreon or Indiegogo.

22. Domain Name Buyer

A domain name buyer or domain broker buys domain names that they believe people or businesses will want and sells them for a profit. Like many other professions on this list, the concept is simple. But being a successful domain name buyer requires tracking trends quickly and identifying profitable domains — plus luck.

23. Resume Writer

Few people are good at writing great resumes, and even fewer enjoy writing their own. All you need to become a professional resume writer is a computer and a knack for describing the work histories of professionals. To get started, you can sign up for a freelance platform like Fiverr or Upwork and market your services on social media.

24. Meal Planner

Most people love to eat, but not everyone can cook healthy, mouth-watering food on a budget. As a meal planner, your duties would include creating ingredient lists, writing easy-to-follow recipes, providing nutritional information, budgeting, and educating your customers.

25. Video Producer

Many companies, influencers, and potential YouTube celebrities want to take their videos to the next level but lack the skills and equipment to produce high-quality videos. If you have experience as a video producer, a solid portfolio, and a desire to help individuals and businesses create stunning videos, becoming a freelance producer is a great career move.

Tips for Starting a Business with Low Costs

Are you ready to go it alone? Undoubtedly, it is very gratifying, but at the same time, it is risky. Here are some tips to maximize your chances of success and overcoming all potential challenges.

1. If you have a job, keep it (for now).

You could have the best low-cost business idea in the world, but success still couldn’t be guaranteed. After all, you can’t control the economy, the income of your target audience, and many other factors involved in making a profit. These risk factors shouldn’t stop you from starting your business. Instead, continue with your daily routine while gradually growing your business. You can downsize as things progress, but don’t jump ship until you’ve proven your business is viable.

2. Write a business plan.

A great business plan gives shape to the hodgepodge of ideas that run freely in your mind. This is where you fall back to guide your decision-making whenever the going gets tough. Think of it as your roadmap from having a genius business idea to getting it out there and successfully onboarding and retaining customers or clients.

3. Review your licensing needs.

Even the cheapest, low-end businesses require an official business license. An exception might be if you work as a freelancer, but if you advertise your products or services as a business, a license is necessary. This is important to consider because licenses usually cost money. Your goal is to start a business with low start-up costs. To this end, gradually pay attention to the contrast between your legal requirements.

4. Network, network, network.

Buzzing with professionals, jam-packed rooms are ripe with potential customers, vendors, or other potential business partners. In these spaces, you’ll find people offering solutions to your problems, people who need what you provide, and everyone in between. Give a friendly smile, engage in casual but professional conversation, and a new, meaningful business relationship is likely to form.

5. Test your idea with friends and family first.

The people in your life that you trust the most and know best should not be afraid to share their true opinions. Because of this, your friends and family are ideal people to check your business idea. Give them your product or guide them through your service, then get their opinion. Would they use it? Do they know others who would? This honest input can help you determine if your business idea is viable.


Starting a business with little money is not only possible but also increasingly common in today’s gig economy. The rise of digital platforms and the demand for specialized skills have created numerous opportunities for aspiring entrepreneurs to turn their passions into profitable ventures.

Whether it’s content creation, virtual assistance, or offering niche services like meal planning and video production, there are many paths to success that don’t require a significant upfront investment.

The key to thriving in a low-cost business environment is preparation and perseverance. Keeping your current job while gradually building your business, crafting a detailed business plan, understanding licensing requirements, networking effectively, and testing your ideas with trusted friends and family can set a strong foundation for your entrepreneurial journey.

With dedication, creativity, and strategic planning, you can overcome the initial financial hurdles and grow a sustainable and fulfilling business. So take the first step, embrace the challenges, and embark on your path to entrepreneurial success.

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