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10 Great Low-Cost Business Ideas

June 6, 2014 | By admin

A lack of capital always hinders the way of an aspiring entrepreneur to reach her goal of getting out of the rat race and starting her own business. But, not all businesses require thousands of dollars in startup capital. There are many businesses which started with a small, or almost no funding.

Here are 10 business ideas which you can consider as your first business venture:


1. Online store

Anybody who has something to sell can use the Internet for their business. Not only top retailers can use it, home makers and career women can use the web to build their side business. All you need is your product or service, an Internet connection and e-commerce software and you’re good to go. If you’re crafty or a great cook, you can join online marketplaces like Etsy to sell your creations.


2. Event planning

Are you an organized, detail-oriented person? Do you love throwing parties? Start an event-planning business to earn dollars from something that you’re passionate about. Individuals, families, and even organizations need and event planner to make it easy for them to host a special event. Whether it’s for a birthday, wedding, or Christmas party, and event planner will do the work from the theme to souvenirs.


3. Mobile pet grooming

According to the American Pet Products Association, pet owners in the country spend and estimated $58.51 billion on their pets. Most pet parents are busy so offer them the convenience of bringing pet grooming right in their own homes.

Get a van and fill it with the equipment for pet grooming. Take a short course on pet grooming so you’ll know how to handle frightened or aggressive pets.


4. Music lessons

Summer is a great time to offer music lessons. Adults and children love music and many are interested in learning to play an instrument or take voice lessons. This is a great way to combine your love of music and teaching other people while earning extra cash.


5. Home-based food services

If you’re talented in the kitchen, consider opening a home-based bakery, catering, or personal cook business. From sweets such as cupcakes and cookies to savory dishes like pasta and pies, the list is endless.


6. Cleaning service

Many homeowners lead busy lives and most won’t have the time or patience to do maintenance work of their homes. There are many services you could offer such as lawn care, snow shoveling, planting, gutter cleaning, etc. Get ready with your gloves, ladder, broom, and some other cleaning tools and you’re ready to start your own business.


7. Virtual assistant

Businesses are looking to outsource some services. Instead of hiring a full-time employee, they look for virtual assistants. A virtual assistant helps in performing office duties such as data entry, research, bookkeeping, right at your own home.


8. Errand service

People seem busier than ever. With long hours at work, a long list of responsibilities at home, tiring commute time, there are a lot of things left undone. You only need a car and a cellphone to start running errands such as paying bills, buying the grocery, and dropping off the laundry.


9. Pet sitter

For many pet owners, leaving their beloved furry friends at home while they go off to work can be an unhappy event. If you love animals, are trustworthy, and organized, taking care of pets while their owners are away can be a good opportunity for you.


10. Senior care assistant

You don’t need to be a nurse to care for the elderly. With a growing population of senior citizens, many are in need of someone who could help them with tasks of daily living. Assistance can include house cleaning, transportation, administering medicines, or companionship.


Image source: “Woman and young girl in kitchen with laptop and paperwork smiling” by GSCSNJ is licensed under CC BY-NC 2.0.


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