10 Inexpensive Start-Up Business Ideas

Starting a business may come to a shock to the average individual, even the seasoned pro. One of the common concerns with a startup business is the money needed to get the business rolling.

Whether you are looking to add some extra income, unemployed or simply trying to figure out what to do in life there are many opportunities that don’t cost an arm and a leg. These low cost business ideas may not bring in the big bucks or even pay a month’s worth of bills in the beginning but they have potential to lead to big profit.

1. Consulting – Starting a consulting business is quite simple and inexpensive. All you need to do is know how to do something better than someone else. You can easily turn your friends and family into clients if they are in need of your strengths. The only expense involved is buying a set of business cards and taking the time to make a few calls. Networking is extremely important so getting your name out there is a must.

2. Housesitting & Petsitting – Do you know anyone who has a pet or vacations frequently? Offer your housesitting or petsitting services and you might be on your way to a new, expansive career. With more Americans feeling the need for increased security, having great credentials and being trustworthy is great when your neighbors or friends are looking for someone to watch the house or pets when on vacation. You can start placing ads in local newspapers at little cost to market yourself in the business. It might take some time to generate enough clientele to see the rewards, but be patient.

3. Copywriter or Technical Writer – Thousands of businesses AND individuals hire freelancers to do technical writing and copywriting. You can easily start a business by going to freelance web sites such as elance.com, sign up and start promoting your business. The best part about these web sites is they do have free accounts. When you start brining in more cash, upgrade your account to allow more proposals and watch your business grow.

4. Professional Organizer – Frequently, we become so overwhelmed with “stuff” in our homes, offices even vehicles we just push it aside until is becomes an unattractive pile of wasted space. At which point, we either throw it away (important or not) or we throw it onto another pile somewhere else. Being a professional organizer merely takes common sense and a professional attitude. You can start by assisting your family and friends in organization which can lead to work through networking. Taking before and after pictures can greatly increase your chance of getting additional work as you have proof of your abilities. Placing classified ads in the local newspaper can get the ball rolling if you aren’t able to assist friends and family.

5. Tutoring – Similar to consulting, you simply need to be able to do something better than the person next to you. Some people get great satisfaction knowing they’re assisting another person with their education. There are countless opportunities to grow a tutoring business. Whether you tutor students in elementary, high school or college your client base can expand rapidly. Posting ads on campus bulletin boards is often FREE. It will only take a few minutes of your time and the results can be staggering.

6. Hauling Service – Having a truck or an SUV that can haul a trailer is a big bonus for this low cost business idea. The only expense you might run into is posting local ads in the newspaper. Having a large pile of unmovable trash is stressful to some. They would much rather pay someone to haul it away than move it themselves. So why not take the opportunity? You might find a treasure or two during the process. If you are worried about the cost of gas and dumping fees, don’t worry, write that in the estimate so you aren’t paying for those fees.

7. Personal Chef – Can you cook? If so, you can become a personal chef. A lot of stars and celebrities have live-in chefs so they don’t have to cook. If you’d rather not work with that type of clientele, you could become a chef specializing in party cuisine or other special events. Not only will it be great for networking but it allows you to work for a variety of businesses. You can start out small by being the chef at your child’s birthday parties, local charity events or perhaps a school function. You might have to offer free services at first but it could turn into a real money maker.

8. Resume Writer – Getting a resume to stand out to potential employers has been greatly reduced with the downturn in the economy. There are thousands more resumes hitting offices than there has been in decades. Being able to write a solid resume is a talent in of itself. It can be difficult for someone to write about their own strengths and accomplishments. So why not do it for them? You can start by writing resumes for your friends and family and then let word of mouth bring in more business. You can also check out freelance web sites such as elance.com to find work.

9. Business Plan Writer – If you have a knack for business and the know-hows of running a business you can easily translate this knowledge into business plan writing. Small business owners have to start somewhere and they usually start with a business plan. Not everyone is a writing machine so finding someone to write a solid business plan is almost a must. Start by having a few business cards made and market yourself in local newspapers or social media web sites. If you know of anyone starting a business, write them a low-cost business plan and they in turn might refer you to others.

10. Party Planner – If you know how to throw a good party this is right up your alley. Whether a children’s party, a college graduation party or an exquisite engagement party you can find several avenues to grow your business. You will likely need to make some agreements with vendors for supplies and other necessities but this only takes a little bit of time and effort. Spend $10 for a GoDaddy domain, use a free web site service and you are on your way to big business.

Credit: Michael Terry

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Published in: on October 6, 2010 at 1:12 pm  Comments (12)  

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12 CommentsLeave a comment

  1. […] 10 Inexpensive Start-Up Business Ideas « Black Belt Review [Translate] […]

  2. Good ideas — especially the one about technical writing and copywriting. At vWorker (formerly Rentacoder), there are 62 copywriting projects and 68 technical projects currently open. That’s 130 total!

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