5 Businesses Ideas That Require Less Than $100 To Launch
Okay, so you are sick and tired of your 9-5 job, and you want out. What options do you have?
Your best bet is starting your own business. Build an online asset that generates revenue. That way, you will be able to work from anywhere, set your own schedule, and make decent money.
Also, if you manage to build a profitable online business, you can then sell it for 20x-30x the monthly revenue, which would leave you with a decent chunk of cash. But how can you start a business when you are broke? Here are 5 business ideas that you can implement with less than $100…
Photo by Radek Grzybowski on Unsplash.
#1 Blogging
Don’t worry, you don’t need to be Hemingway in oder to build a successful blog, all you need is an ability to clearly express your thoughts through writing.
Think about all the skills and knowledge that you have. What is something that you are passionate about that is also interesting to other people? Finding that intersection between your passion and market demand is the key to success in the blogosphere.
Once you decide what you should write about, do the best job you can, and focus on providing value. Remember, you are writing for your readers, not for yourself!
#2 Youtube
Youtube has 1.8 billion monthly users. It’s a massive platform on which a lot of people are making a money. Maybe you could join them?
The principles that apply to blogging also apply to Youtube. It’s okay to make random videos if you are just doing it as a hobby. However, if you want to make money, you need to figure out a way to create videos that provide value.
So, again, take a look at your skills and your knowledge. Is there something that you could share over video? Build your channel around that!
#3 Instagram
You know all those Instagram celebrities? You may cringe, you might roll your eyes, but they are getting paid! Becoming an Instagram influencer is another way to make money online.People browse Instagram to find beautiful pictures. Can you provide them with that?
Focus on a single theme and do your best to create mind-blowing images. For example, if you decided to focus on travel photography, try to take pictures that wouldn’t look out of place on the National Geography cover. Quality over quantity! Also, don’t forget to post regularly, and use hashtags so that people could find you.
Photo by Erik Lucatero on Unsplash
#4 Dropshipping
Dropshipping is a business model where the drop shipping companies hold the inventory and send the products to the customers meanwhile the seller sells those products through their online store.
The most important thing is to choose the right niche. Look for something that you are passionate about and that sells well. Once you decided on a niche, figure out the best way to get your products in front of your potential customers, and promote, promote, promote!
#5 Self-publishing
Do you enjoy writing fiction and dream about getting a book deal? I hate to break it to you, but the reality is that the vast majority of aspiring authors will never get one, and most of the ones who do won’t be able to support themselves with the royalties. But does that mean you should abandon your dream of becoming a published author?
Not at all! Actually, if you can write fiction, then you can make good money self-publishing on Amazon. Just make sure that you pick a popular genre (YA, thrillers, and romance tend to do best) and produce books that meet the expectations of your readers!
Photo by Thought Catalog on Unsplash
Conclusion
There was a time when you had to have a large amount of initial capital to start your own business. Those days are long gone, though. In 2018, there are more opportunities to make money than ever before, especially if you look for them online. You can easily start a business with less than $100!
So stop making excuses. Pick one of the business ideas listed in this article, commit to it, and make it work. What do you have to lose?