Millions of people dream of having their own business. Unfortunately, very few can afford to start a new venture, as start-up costs can amount to thousands of dollars.
However, there are a few business ideas that cost from almost nothing to only $1,000 to start. Some of these businesses can be done at home, which can save a budding entrepreneur the headache of looking for a place to lease.
To start, the Business Insider recommends that one should come up with a business plan and financial model. You’ll also need to get a business license and a domain name. A website is also crucial these days, as well as social media accounts so that you could connect with prospective customers.
Here are some low-cost business ideas for 2017.
Cleaning business
Busy individuals would appreciate a professional home cleaning every now and then, so a cleaning business could flourish whether you’re based in the city or in the suburbs. All you need are some cleaning materials and a few referrals to start. You can charge as much as $35 an hour per job.
Personal creations
If you’re the artsy type and would love to sell your creations online, then this type of business is for you. Painters, illustrators, and those who are handy with a needle and thread, among others, will surely get a lot of customers on sites such as Etsy, Ebay, and Amazon. Best selling items on Etsy include wall art, typography prints, jewelry, organizers, and handmade soap.
Writing services
Writers can make a profit from ghostwriting, proofreading, copyediting, magazine article or blog writing. This is likely the cheapest business to start this year, as all one needs is a computer and an Internet connection to start the business.
Personal chef services
As a personal chef, one must prepare meals based on a clients’ preferences and needs. Apart from cooking healthy and delicious meals, you will be required to create a meal plan and shop for groceries.
Music teacher
If you can play an instrument well, or if you have a particularly good singing voice, you can use your talent to teach students. All you need is a quiet place to teach. You can opt to teach in your own home or make the commute to your students’ homes.
For more, check out Jobs & Hire's report on the odd jobs that pay surprisingly well.
