What is an Easy Business Idea for My Business Class Low Start Up Cost
Low Cost Business Ideas You Can Start Today
You don't need a lot of money to start a business. And to prove that to you, here are 30 business ideas that you can start with $1,000 or less.
1. NFC Integration Company
Near-Field Communication (NFC) has been a mainstream technology for about eight years now. Most major smartphones have NFC capabilities, which allow it to interact with other NFC compatible devices. Some examples include payment tap-and-go systems, which are based off of NFC technology, as well as entry badges for authorized access into buildings, and many other applications.
A business idea based from this technology could be an NFC integration company. Taking a niche approach, you can target wealthy home owners who would pay you to put these NFC tags around their house. This would allow them to adjust lights, set alarm systems, grant visitors wifi access, even unlocking the front door with the tap of their phone, to name a few possibilities.
1. Startup costs
NFC reader/ writer = $40
NFC tags = $30
Website = $150
Flyers/ Brochure and printing = $35
Business Licenses = $150 (depends on where you live but this will usually cover it)
Business cards and printing = $50
Total = $455
2. Virtual Inventory Creator
These days, companies are always looking for ways to shrink the amount of inventory on hand to reduce overhead costs. As well, some businesses are looking to completely eliminate physical inventory.
For this business idea you would design and re-create products that are capable of printing from a 3D printer. The great thing is, is that you wouldn't have to pay for any 3D printers or material, you could simply sell the product design files.
To start this business, you would need to know how to design CAD files, know the capabilities of a 3D printer so you can match the material of your clients, and some business cards to network with. You could even integrate 3dhubs.com so clients could be from around the world, and access a 3D printer of their needs in the specific location. This makes the inventory really virtual.
Startup costs
Course to learn how to design 3D printable files = $85
Website = $150
Business cards and printing = $50
Business Licenses = $150 (depends on where you live but this will usually cover it)
Total = $435
3. Niche Virtual Assistant (VA) Business
There are many virtual assistant companies out there such as 24/7 virtual assistant, Worldwide101, and Belay to name a few. However, I have heard several friends complain about the available niche assistants. For example, in the financial sector, having a virtual assistant that is well versed in financial terminology is important. The finance industry is just one, however, legal is another industry where in-depth knowledge is crucial.
The business idea here is for a VA business where certain niche business owners could go to, and hire the EXACT virtual assistant they are looking for. Some of the current competitors allow you to pick who you want to hire, or they try to match you within a system of thousands of potential matches.
Unfortunately, since they are not niche specific, you don't know how deep that VA's knowledge really is until you hire them. For lawyers and financial advisors, they cannot risk their reputation. In this business you would need to create a website, and get VAs to sign-up to your site. Since it is based online (virtually) you should consider some online ads like Facebook Ads or Google Adwords.
Startup costs
Website = $50 if you created one by yourself. All's you would need to buy is the hosting service and a domain name. Up to $500 if you got someone else to custom design it.
Online Ads = $250
Business Licenses = $150 (depends on where you live but this will usually cover it)
Total = $465 to $950
4. Employment Program Developer for Seniors
With many seniors retiring, a lot of them don't actually want to retire, and making a side income doing other jobs appeals to them. Not only does it allow them to get out of the house, but it also allows them to generate income to supplement their pension they have. Some places in Canada and the USA have already started doing this, but competition remains only in local territories due to lack of computer interaction for these job boards. The lack of computer interaction can be tied directly to seniors not wanting to use computers.
The business idea here consists of creating local employment programs for seniors. To get participants you can go door to door in seniors complexes handing out flyers to try and gain leads.. Networking with potential employers would be the next step to secure people that want to hire this demographic.
To make money, you can take a simple management fee for providing the senior with the contract work. Of course, you could check out some other business models here. A fancy website wouldn't even be needed if you had established solid relationships with a few employers in the beginning.
Startup costs
Flyers/ Brochure and printing = $35
Organizational system for people's files – $70
Business cards and printing = $50
Business Licenses = $150 (depends on where you live but this will usually cover it)
Total = $305
5. Remote Employee Satisfaction Service
There is an ever-growing trend with working from home. Not only can this save costs for the employer as they don't have to pay for the desk space and office supplies, but for the employee, it can mean lunches at home every day and avoiding rush hours. A remote employee satisfaction service would be a great business idea to cater to this.
The main aspects would involve setting up the resources the employer would need, such as software to track employees work, communication channels like messenger setup, remote access to files setup, compensation recommendations, employment contract recommendations, and team retreats to re-engage remote employees. Many of these software systems costs could be passed onto your client as well. Since this business would be a knowledge-based business, and less sales of products, investment in this business would be into self-learning.
Startup costs
Book: Influencing Virtual Teams: 17 Tactics that get things done – $10
Book: Remote Workforce Training: Effective Technologies and Strategies – $145
Book – SSL Remote Access VPN's (This is knowledge on how to have remote access to company information and networks) = $55
Flyers to hand to local businesses
Flyer Brochures and Printing = $35
Business cards and printing = $50
Business Licenses = $150 (depends on where you live but this will usually cover it)
Total = $445
6. Drone Aerial Video/ Photography business
The power of drones has made obtaining the epic cinematic shot for a business video, wedding, or event, a reality for people who cannot afford a helicopter to get the same shot. However, not everyone wants to buy a drone unless they plan on using it more than once or twice a year. With regulations in place for some areas regarding drone usage, it can also be a hassle for people to do this on their own too.
That is where the business idea for an aerial video/ photography company enters. Although it has been done and there is competition, there is little barriers to entry for this business idea. With some education of the various regulations out there, that can be found here for USA readers or here for Canadian readers, and a drone capable of video/ photos, you can start a business.
The first step one can take is to create partnerships with other photographers that do not have the capacity to run a drone. An ad on craigslist could also drive some leads for people who need event aerials. Free video editing software such as Windows Movie Maker or iMovie can create the movies too. Since you will be selling videos, a website will be more effective than flyers. This can be a done for under $1000 too!
Startup costs
High Quality Drone with camera = $600
Website = $150
Business cards and printing = $50
Business Licenses = $150 (depends on where you live but this will usually cover it)
Total = $930
7. VR Video Development Company
Virtual Reality is beginning to take the world by storm. Huge companies like Google and Samsung are beginning to create some real great gear for people to use. Not to mention, VR lounges are now a thing which have the latest and greatest virtual reality tech. To add to this, websites like YouTube will rank your video as a higher priority in people's feeds because it is VR, as Google wants to help influence this. Having the higher-ranking factor is huge for companies that do marketing online.
Imagine a reality where you created a company that developed virtual reality immersed videos for companies to better engage their customers? This business idea would take a lot of skills or knowledge in VR coding and development, if you are interested in this.
To get started, I would begin by opening up Unity, a VR development platform, and learning how to code. There is a lot of free resources online you can use to start. However, if you want professional education, budget about $200 for a course.
Secondly, since it is a tech. company, you will need a website which can be easily created using something like Squarespace. The other tools you will need include a 360 degree shootable camera for real life shots, and a computer (assuming you already have one).
Startup costs
VR development/ coding course = $200
Website = $150
360 Degree camera = $350
Business cards and printing = $50
Business Licenses = $150 (depends on where you live but this will usually cover it)
Total = $900
The trick here is to think basic. Ask yourself, "how can you do this with the minimal amount of resources, and your skill sets?" Of course, you could incorporate a website, marketing spend, and hire a few people, but that is not the point of starting small with only $1,000. If you are starting a business from scratch without a lot of money, than doing everything yourself and learning to do so is important. If this mindset does not sound appealing, maybe a $1,000 business idea is not the right one for you. Maybe you need a $100,000 startup cost idea where you can find funding and hire a team.
8. Home cleaning business
This is a common low-cost business idea that will be around forever. The competition is higher, but it is a staple business that many people will continue to need and have.
To start this business, you could easily get started with under $600, as long as you were willing to do the home cleaning yourself in the beginning. This is also the type of service where you don't need a website in the beginning. Since it is a service-based business that operates at the client's home, your marketing could begin with door-to-door sales, and this could be done in your evenings.
Startup costs
Cleaning supplies = $300
Business Licenses = $150
Insurance = $50/per month
Flyers = $50
Total = $550
9. Website setup and email hosting services
Websites and emails are almost a must-have for any new business, with some exceptions. And, all those websites and emails need to be hosted somewhere on a server. Additionally, people need help getting their websites setup, as it can be complicated if you don't know what you are doing.
This business idea would serve that growing demand by providing a website setup and email hosting service. While there is a lot of competitors in this playing field, you could cater to a smaller niche. For instance, if you setup various servers throughout certain areas, this may help local businesses in your area with local hosting. And the great thing is that you could launch this by building servers with Raspberry Pi technology. They are great for hosting email accounts. A background or interest in websites and server management would be needed to launch this company successfully.
Startup costs
Servers = $500
Website = $150
Business Licenses = $150
Business Cards = $50
Total = $850
10. Affiliate marketing website businesses
There are many different websites out there that put up product reviews and other services that aid in selling other company products.
MoneySavingExpert.com https://www.moneysavingexpert.com/v2/?utm_expid=.pc-CKBCtQjKcPeOWaF1GyQ.1&utm_referrer=
Thisiswhyimbroke.com https://www.thisiswhyimbroke.com/
Project Life Mastery https://projectlifemastery.com/
Startup costs
Website = $150
Business Licenses = $150
Total = $300
11. Elderly tech support
There is a consistent growing elderly population around the world. In addition, many of them like to keep up with the latest tech so they can easily communicate with their family. Some will be even be willing to pay a price for a service that comes and sets them up with all the equipment and specialized settings they need.
To run this company, you could begin my offering classes at local elderly homes on how to use certain pieces of technology, and from there, you could advertise your services for further help and support. Also, this business idea would be cheap to launch if you had a knowledge of computers and the newest apps and technology.
Startup costs
Presentation/ Class materials = $100
Business Licenses = $150
Flyers/ Brochures = $50
Computer tools and accessories = $400
Total = $700
12. Independent social media manager
Social media continues to be a major platform that companies can use to reach new and current customers. Already around the world, people are spending hours of their day on social media, and companies are spending billions to get their attention.
If you have an interest or skill in marketing on social media, you could start an independent social media management company. By choosing a niche such as makeup artists, you could specifically narrow down and eliminate a lot of the competition by choosing a very specific area. As well, you could run the business from your home in the beginning, so no need to pay for office space. Making this idea really affordable.
Startup costs
Social Media Management Software = $150 per month
Computer = $500
Business Licenses = $150
Total = $800
13. Amazon FBA drop shipping business
You may have seen this business idea around the internet if you've been looking for different opportunities to launch. If you haven't, the Amazon FBA drop shipping business involves finding a niche that is not currently popular on Amazon for a product, and finding an international supplier that can drop ship that product.
Drop shipping is where the customer will order your product from Amazon, and the international supplier will get that order, make it, and send it to the customer. So you don't have to worry about a large part of the distribution process.
These business ideas are popular because there easy if you can find a great niche that has not yet been exploited by other drop shippers. You also have to spend money in marketing ads such as Google or Facebook. However, beware, these businesses do not always last forever.
Startup costs
Product/ Supplies = $450
Business License = $150
Computer = $300
Marketing Spend = $100
Total = $1,000
14. Mobile car repair service
Many people who live in large cities don't have time to take their car into the shop before or after work. And when they do, it can be a hassle getting to and from work with the car in the shop.
If you have a background in car mechanics, then you could easily start this business for around $1,000. By setting up a simple website with a scheduling widget, people could come to your site and book when and where they need you to come, and the problem with the car. Then on the day of the appointment you can show up, fix their car, and charge the credit card on file. Making the experience so much easier for the consumer.
Startup costs
Tools = $600
Business License = $150
Marketing spend = $50
Website = $150
Total = $950
15. Board game business
Board games are still a very popular sector that still has potential to make a lot of money for the right idea. Recently, meme board games have taken off, making people millionaires. With some marketing spend, creativity, and efficient pre-selling of the product, you could launch this idea with little money.
First, you'd need to find a niche board game idea. It can be in any specific area of interests such as cross-fit, veganism, political correctness, etc. Something that a group of people can relate to. Then you'll want to design a fun board game, developing how-to and promotional videos. Finally, launch a campaign on Kickstarter or Indigogo to have a business idea funded before putting it into manufacturing. The great thing about this approach is that you wouldn't need to buy business licenses or a website until you were fully funded on your campaign.
Startup costs
Video promotion = $300
Total = $300
16. 3D printing brail services for the blind
Accommodating for people who are blind doesn't have to be a hassle or expensive for restaurant business owners. However, if you've ever noticed, most restaurants don't cater to blind people. Their menus don't have any brail, and neither does anywhere in the restaurant.
That is where you can come and fix this problem. With 3D printing technology, you can easily print lego-like pieces of brail that the restaurant owners could buy for a lower cost than the current alternative. You could also design brail menus and signs to make it even more accessible. In the beginning, you could also market this company by simply going from restaurant to restaurant in a busy city to see if owners and managers are interested. If you have an interest in helping the blind or working with 3D printers, this would be a great business idea to get started with.
Startup costs
3D printing materials = $150
3D printer = $700
Business License = $150
Total = $1,000
17. Airbnb management business
Airbnb is still a growing company around the world and will most likely continue on that path for years to come. Especially in big cities where the rent is high, people are finding it very convenient as it can help them pay the rent.
If you have an interest in property management, but want to explore a new growing area, this would be it. The Airbnb management business would manage other people's Airbnb's. So, you would be in charge of cleaning the place, having the keys setup for guests, and helping them with anything else they need. In the end, charging a certain fee to do all this for the person that owns the place. Initial startup costs could be low too as this would be primarily a service-based business you could operate on your own in the beginning.
Startup costs
Cleaning supplies = $250
Business cards = $50
Business license = $150
Total = $450
18. Third-Party Phone repair business
With the use of cellphones and smartphones growing every year, people are shifting from using computers to using their mobile devices more. This opens great business opportunities to serve those people. It is also becoming more and more expensive to get devices replaced or repaired at the manufacture's stores.
Enter the third-party phone repair business.
This idea would cater to people who don't want to buy a new phone or spend the super high prices that the original manufacturing stores (ex. Apple) will charge to fix their phone. If you have a background or interest in fixing people's phones, this service could be for you. The necessary tools to take apart a phone would be a majority of the expenses, but other than that, you could buy the necessary replacement parts as clients come in. To make this more cost effective, it could be a mobile repair service if you had a car. That way you wouldn't need to pay rent for a place.
Startup costs
Phone repair tools = $475
Business cards = $50
Business license = $150
Total = $675
19. Furniture resell company
This is another business idea that has a lot of competition, but there is also a lot of demand for second-hand and refurbished furniture. What also makes this company so great is that you can start it for next to nothing.
You can pay the bare minimum of business cards and license. To advertise, you can use platforms like LetGo, Craigslist, Kijiji and other sharing platforms. As well, there is a bunch of free stuff you can get from these sites, refurbish the product and re-sell it with a strong profit margin. You can usually find a well-ventilated area in your home to do this.
Started costs:
Business cards = $50
Business license = $150
Refurbishing supplies = $200
Total = $400
20. Drone security company
One industry that can benefit from the access of commercial drones is security. It would also make it more cost effective to protect and provide surveillance for the area. There is also a growing need to have 24/7 surveillance on construction projects to avoid materials and equipment being stolen.
This idea could also be started in a cost-effective manner by buying one drone at a time, and saving the money you make to invest in more. After a while you can develop algorithms that will send notifications to you when they see activity so you don't need to be monitoring it 24/7.
Startup costs
Drone = $500
Business license = $150
Website = $150
Total = $800
21. Chatbot consultant
Chatbots are growing in demand year over year. They are used to provide a range of different purposes such as marketing for events, providing customer service, and selling products and services. Many businesses can benefit from implementing an a chatbot for their website, and that is where you could come in.
If you have an interest in building bots with artificial intelligence, or have experience in coding, you could build these for company websites as a consultant. Since this is a service-based business using knowledge, you can start it with minimum startup costs.
Startup costs
Website = $150
Business cards = $50
Business License = $150
Total = $350
22. Instagram ads & influencer consultant
Instagram is a growing platform that is showing much more significant growth and user watch time than Facebook and Snapchat. With all that user growth comes the potential for companies to market their products and services to the users. And a large segment of that advertising is now being spent on influencer marketing.
This business would involve reaching out to potential or current Instagram influencers and building a relationship with them for a fee to advertise products and services in your portfolio. Then once you have a network and prices, you can add a margin and then approach businesses to use your network to advertise their products and services.
Startup costs
Website = $150
Business license = $150
Business cards = $50
Total = $350
23. Local Tour Guide Company
This business idea doesn't depend on your city being a popular tourist destination. By finding the best local restaurants, desert places, hidden local hikes, and spots only locals know about, you could add a lot of value to people outside the area. This idea is also easy to start as you can simply hire a driver and rent a van to take people around to these pages.
You'll stand out from the competition as many tourist companies cater to taking people to spots that are very popular and designed for tourists. You could also charge more since these tours will be more exclusive and outside where regular tourists go.
Startup costs
Van rental = $400 per month
Business license = $150
Website = $150
Driver = $300 per month
Total = $1,000
24. Local Event Host Service
Startups and new company's who operate locally are always looking for ways to connect and build a community in their city. Many companies do this by creating weekly or monthly meetup events where others can attend for a small price, learn something new and potentially become a lead for the company.
If you have a passion for event planning, this would be a cool niche to enter. You could begin by hosting your own meetup and finding ways to successfully attract people. Then you can build your portfolio and show other companies. To make it cost effective, you can build a website and approach businesses by scheduling meetings with them to present your service of hosting a meetup for them.
Startup costs
Website = $150
Business cards = $50
Event marketing materials = $450
Business license = $150
Total = $800
25. E-Sport Tournament
E-sports tournaments are growing in popularity world-wide.
This idea is another niche spin on event planning. Instead of starting a generic event planning business, you could enter the e-sport tournament business. By creating different tournaments for different games, you could pre-sell tickets to teams and spectators. Then, that gives you the money to find sponsors, rent a venue, and buy prizes for the winners.
If you have a passion for gaming, this would be a perfect business to start.
Startup costs
Event equipment, tickets, etc = $350
Business license = $150
Online marketing spend = $200
Website = $150
Total = $850
26. Line Holding Business
The line standing business idea consist of finding the hottest and biggest release events for different products. Once you stand in line at the front, you can either buy the product to re-sell at a higher price, or sell your spot in line to other people who really care about getting that product. After you get your first few sales, you can begin to pay others to stand in line for a cut of the profit from the spot sale. This may not sound like a solid business, but a few others have made over six figures from this business.
Startup costs
Business license = $50
Business cards = $150
Total = $200
27. Freelance Listings Management Company
The gig economy and people needing a second job have been growing year over year. Secondly, many people are choosing to become freelancers instead of working for someone. It can be a full-time job. However, for many freelancers to find long-term work, they need to use several different freelance websites where they will find their clients. And with all these sites, comes the time to manage them, which can be hours if you account for managing your listing, talking to potential clients, etc.
This service could also be started with little money, as you only need a website and your own skills to manage their listings. For example, your website will show your portfolio of services for freelancers with pricing and booking etc. From there, you would just manage the different sites they use every day. This job could easily be run from your home with only a laptop.
Startup costs
Website = $150
Business license = $150
Online promotions = $250
Total = $550
28. Dentistry Website Setup Service
There are many different website development and management services out there. However, many of them cater to a broad range of different clients. It is great for the business owner as they get to work with many different types of businesses, and it can be exciting, but they don't get to master a certain industry.
This idea would involve building websites and managing them for dentists only. Taking this niche approach will set you apart from the competition, as you are mastering serving a certain area. If you have a passion for creating websites or want to learn, here is a perfect niche for you.
Startup costs
Website = $150
Business cards = $50
Business license = $150
Total = $350
29. Audio Transcription Business
More and more online businesses are being started every year now, especially with it becoming easier and easier every year for people to do this. Not to mention, there has been a huge interest in entrepreneurship from many people around the globe now, as people look for other sources of income outside of their day jobs.
Many of these online businesses will perform some type of content marketing. Whether that is through producing videos or podcasts, and when they want to expand that into written, this is where this business idea comes in. The audio transcription business would transcribe the audio of the videos or podcasts to create a text version. This would involve listening and typing it out, so if you can type fast and like to listen, this could be a very cost-effective business idea to start.
Startup costs
Computer = $300
Business cards = $50
Business license = $150
Total = $500
30. Counterfeit goods verification service
Counterfeit goods have always been around, and with the massive growth in sales of luxury brands over the past 20 years, more and more counterfeit goods are showing up on the market. Some people buy these counterfeits on purpose, as it is cheaper than the real thing, but some people love to have the real item. This need also can cause for people to get tricked into buying the fake when they thought they were going to buy the real thing.
To fight against this, you can start a counterfeit verification service. By starting locally, you could learn how to spot real versions and fake versions of a specific niche like Rolex watches. From there, you'd go with the buyer to the place of sale (except if its from the Rolex shop itself), and verify that it was the real deal. The buyer would pay you a fee for this service, and you'd be on your way. As you scale this business, you can look into building software down the road.
If you love dealing with a certain luxury item, this would be a great business idea to try out.
Startup costs
Business cards = $50
Business license = $150
Transportation = $550
Total = $750
Source: https://www.businessideainsight.com/blog/business-ideas-low-startup-costs/
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