10 Low Cost Business Ideas To Start Right Now

Do you want to start a business but don’t have any money in your bank account?

When you hear the word ‘business’, your mind instantly thinks of big investments like a couple of thousand dollars here and there. While it is true that business needs financing, it doesn’t mean it has to be big; you can even start a business with a few dollars.

Thanks to the internet, you can start your own business with less than $100, amazing, right? Yes, the business ideas I am about to share today are low-cost. These suggestions require a little investment but have the potential to earn $3000+ every month.

Without wasting another minute, let’s jump into this article!

Table of Contents

10 Low Cost Business Ideas

1. Blogging:

If you love to write then why not start a blog? Blogging is a low-cost way to turn your passion into a lucrative opportunity. Whether you’re interested in food, travel, fitness, or just lifestyle things, you can create a blog to share your love for the topic and create a like minded community.

Setting up a blog is quite cheap. All you need is a domain name which can be under $5 and a hosting plan which can be $16 per month. You don’t have to worry about spending on a content management system because WordPress is free.

I will highly recommend creating a Pinterest account to get traffic for your blog since Google traffic is becoming nearly impossible these days.

2. Handmade Crafts:

If you enjoy making small things, then why not sell them? Selling handmade crafts can be a profitable business. Popular items for this business are jewelry, candles, soap, home decor, and some personalized gifts. If you can make these, then you are only one step away from a successful business.

Handmade stuff is better sold on Etsy. All you need to do is pay the listing fee, which is $0.20 for each item, and take some good lighting pictures of your product. Just optimize your listing well, and you will see buyers coming in.

You can also create a Shopify store for your products, but it can take some time to build an audience from scratch. If you have a little extra money, you can choose this method and promote your products on TikTok or Pinterest with ads.

3. Home Baking:

Home baking could be an ideal business for you if you love to bring joy to people and want to make some money doing it. You get to make delicious cupcakes, cakes, donuts, and some personalized orders.

The startup cost is not that much if you know where to get baking supplies for a good price. Your shopping list should also include baking tools and custom branding material.

You can charge your customers $50 to $500+ per order. If you want to make more money from this business, then create a social media account and share your goods on it. This is not just an easy promotion but also a way to build an established baking brand.

4. Cleaning Services:

If you are in search of a low-cost but high-demand business, then the cleaning service business is the right option for you. Whether you want to clean homes, offices, or rental properties, this business requires only investment in some cleaning supplies and equipment.

You can typically charge $20 to $50 per hour or offer flat-rate services for big orders. The best way to promote this business is with flyers. Just print some of them and spread them around your neighbourhood, and I am sure you will have a handful of customers.

You can also spend some extra money and put ads on different social media platforms.

5. YouTube Content Creation:

I don’t know why, but somehow YouTube has made its way on this list. It is one of the most powerful social media platforms that is treated as a business platform nowadays. You can start a channel on YouTube with only $0 and make $5000+ per month out of it.

Choose a niche that excites you, whether it’s food, travel, or just daily diaries, and create videos about it and upload them on the platform. The more views and engagement signals you get, the more you earn.

YouTube video optimization is the hardest part to learn, but once you get the hang of it, you will see your account getting thousands of views in no time.

If you have a smartphone with good camera quality, then it’s great, but if you don’t, then search on eBay; you will find a digital camera for a cheaper price.

6. Affiliate Marketing:

If you have been on the boat of ‘how to make money online,’ then you probably heard of affiliate marketing. This idea involves promoting goods and services and earning commission for sales made through your referral links.

I am going to be honest, affiliate marketing is not my thing, and I have never earned more than $10 from it, but I know many individuals who make $10,000 with it every month.

Before you begin, I want to let you know that the affiliate business is really competitive. You will have a very hard time finding the right platform to promote your products, but with the potential to earn thousands of dollars from zero investment, it’s worth a try.

Just join affiliate programs like Amazon Associates or ShareASale and promote products on a blog or social media account.

7. Sell Digital Products:

If you don’t want to promote other people’s products, then why not create your own digital products? Many people earn thousands of dollars from selling digital products like e-books, online courses, and printables.

The thing I love about this method is that you only need to create these products once and sell them multiple times. The best part is you don’t need a dime to create these products; just go to Canva and start creating your first products.

Make sure to first check Canva’s policies and terms and conditions to avoid any legal actions in the future.

Once your products are ready, upload them to Etsy and Gumroad because these platforms are the hub for digital products.

8. Pet Sitting:

If you are an animal lover, then you can turn your passion into a profitable business by offering pet sitting services. All you need to do is feed, play, and walk them, and you will get $15 per hour. You can charge more if you like.

While you don’t need to buy anything for this business, you will still need some money to advertise your services on different platforms. If you need a little experience first, try pet sitting for friends and neighbours and see how it goes.

It might not be a reliable business, but it is a good way to earn some extra cash.

9. Resume Writing:

If you are a skilled writer, then there is another opportunity for you. Resume writing is one of the most profitable ways to earn.

The thing is, most of the time when people are looking for jobs, they have the right skills for that particular job, but their poor resume ruins the chance for them.

And that’s when your role as a resume writer comes in. You help these kinds of people and help them create an outstanding resume that lands them their dream jobs.

I once applied to be a resume writer, and from experience, I can tell you that starting pay is quite high, and you can easily earn more than $1000+ per month from it without investing anything.

10. Sell Thrift Items:

Is it me, or is the thrifting business thriving these days? I have seen many girls turning this side hustle into a full-time business.

What you can do is explore some thrift stores and look for some antique and vintage products, buy them, and bring them home.

Next, get some cleaning supplies and scrub those pans or candle holders to return them to their original form. You will be surprised how good these products will look.

Once you are done, take some good pictures and list them on eBay or Etsy, and you will be shocked to see how much people are willing to pay for these products.

You can start this business with less than $100, just make sure your products are something that people want to buy.

Conclusion

I hope you find this list of 10 low-cost business ideas helpful. The suggestions shared in this article are just a few; you can also consider other options, such as babysitting, mobile car washing, subscription box services, and more. The goal here is to invest a little but earn more, so make sure whatever idea you choose has the potential to cover the upfront investment.

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Shama Shafiq

Greetings, I'm Shama, a 23-year-old blogger who loves to write. I began writing my first blog in 2019, and during this period, I learned a lot about blogging. I discovered it isn't easy. Many skills are needed to succeed in this field, such as SEO, content marketing, writing style, etc. However, I did not give up; instead, I developed these skills. Thankfully, it paid off because now, I publish successful blogging and Pinterest marketing tips to help beginner bloggers fulfill their dreams and make money without leaving their comfort zone! Join my email list and get more personal tips!