One of the easiest and most accessible start up idea is to set up your own eBay shop. You can work from home, it’s free to set up and manage, and you will have full control over what you sell and where you sell it. You can become a worldwide seller in no time at all!
Don’t let the title of ‘sales consultant’ put you off. This is indeed a much loved and profitable business option for budding entrepreneurs with low startup capital. You simply choose your area of interest i.e. Avon, Tupperware, Mary Kay, to name just a few options. Provided you are good at sales, you will find this business idea great fun and financially rewarding. You will be supplied the products for a small start up fee (Avon costs just $5 to register!) and then you will network with customers to sell your products.
Setting up your own photography business will only work if you are skilled in the art of photography, otherwise, you could be left with some very angry customers on your hands. All you need to get you started is professional camera equipment, and if you already have a passion for photography, you will likely already have much of the equipment you need anyway. The main focus for you as a photographer will be to network as much as you can. The startup costs are minimal (unless you have to buy a whole range of equipment), and provided your work is credible, your name will soon get around and you will have yourself a successful business. Tip: specialize in wedding photography. This is not only one of the highest paying gigs you will get, but it is a fantastic way to network while on the job.
There is a difference between being a freelance content writer and owning your own online content writing business. Even if you do not employ any other person, good company branding will imply that you are a bigger company than what you are (something most clients look for). Go for this option if you are skilled in writing and grammar, and have a passion for producing content.
If you are a skilled cook and love to invent new recipes or put your own twist to traditional dishes, then a gourmet food startup business may be just the ticket for you. So long as you have a kitchen and the basic cooking equipment, you are good to go! You will need to have your own twist on food – something that you can use to market yourself to customers. Antonia Kime from Suffolk, UK, did just that. When financial struggles hit her home life, she took to baking flavoursome cupcakes and went around every café and local business she could find to sell them. Soon, she was handing out business cards and getting requests to bake large events. From paying £100 on Tupperware, flour, eggs, icing and ribbons, her business soon generated £14,000 profit within 3 months!
The best thing about an event planning business is that your overhead costs don’t exist unless you rent your own office space. Most event planning however is face-to-face with clients or over the phone, so you can effectively set up a professional event planning company from the comfort of your own home! All you need to get you going is an event to organise. Once you have created an event that is a success, you will soon get requests rolling in.
This startup option is not only low-cost, but it is one that anyone can take on. All you need to get you started are the necessary cleaning products (cheap from wholesale stores) and some business cards to hand out to all your local businesses. It is best to focus on cleaning services for business premises as these contracts pay higher, and will allow you to expand your business when you generate enough capital. Provided you get enough clients, will soon be hiring cleaners to do the work and you can focus on managing the business.
Not all successful businesses need to have 20 plus employees and a huge office space. In fact, the less people you hire and overheads you have to pay out will mean that you benefit even more from the profits generated. If you are fluent in another language, you should put your skills to good use and set up a translation business. The only startup costs you will have will be any marketing materials you need to buy (business cards and a website are important). You can offer your services to international companies, educational institutions, and government agencies. You may only be a “one-man-band” but you will be a wealthy one!
If you love your job, but want to work for yourself, then setting up a business in your area of expertise is a great way to get started. The start-up costs are minimal; if you are offering marketing or financial consultancy services, you can do this over the phone from your home, or meet with the client at their premises, thereby eliminating many unnecessary overhead costs. Depending on your area of expertise, setting up a business on your own can be quite the challenge. If you are skilled in a particularly specialist field, you will find it easier that if you intend to offer marketing advice. This is because there are many other companies that can offer the same advice who have a known presence in the marketplace; you will essentially be competing against the big boys!
If you are passionate about living healthy and working out, then starting your own fitness business could be just right for you. Rather than pay to open your own gym or health club, you can begin by creating your own fitness program and offering classes at your local gym. From that you will be able to introduce healthy eating diets and eventually, get enough clients to open up your own physical business!
Have you always wanted to start your own business but never had the capital (or original idea) to get you going? This is a stumbling point for many budding entrepreneurs, and more often than not, their enthusiasm drains and they accept defeat. But I am here to tell you that you don’t need a lot of capital (you don’t even need an original or inventive idea!) to make your business a success. What you do need is the willpower, perseverance, and passion to run your own business, and you are half way there.
I have compiled a list of the top 10 low-cost start up ideas that will not require you to have much startup capital at all, in fact, some of these ideas are completely free to get started! Whilst they are not original or unique business ideas, they are viable options that have a proven track record ,and are successful in countries all over the world.