Many people have thought about what it would be like to open their own business.
And, more often than not, the first thought is:
“How much money do I need to start a good business?”
Can you really start a business with $1000?
According to my experience, the following are the top businesses you can start with $1000:
- Tutoring;
- Blogging;
- Cryptocurrency Trading;
- Dropshipping;
- Photography;
- Healthy Sweets Delivery;
- Copywriting;
- Tour Guide.
Let’s discuss each of them properly!
The Best Businesses to Start with $1K
Many successful people start with a little amount of money — the best thing is to have a good idea, an idea that will be accepted by your future clients.
We live in a time of technologies. You can easily open a remote business, and today I am going to tell you ways to start a business with $1,000.
Website Set-Up and Monetization
The Internet offers us a great number of services, right?
You can open:
- your own blog;
- affiliate website;
- online shop;
- listing platform, etc.
As I told you before, your idea is key, so choose something you like and make a plan.
Let’s imagine you want to have your own listing platform. The first thing you should remember is that everyone starts out small, so, in the beginning, don’t invest a lot of money in development. Sooner or later, when your website will bring you a permanent profit, you can add more features using the services of a software development company.
In the first instance, your approximate spendings will be the following:
- a website – $150;
- hosting and domain – $50;
- ads on social media and Google Ads – $500;
- other expenses related to hiring copywriters, designers, etc. – $300.
Cryptocurrency Trading
Actually, business is not only when you buy or sell something, it is the intellectual activity that can bring you high profits.
Crypto trading is very popular among low-cost businesses because you decide how much money you can afford to invest — even as little as $200 — and when and where to trade. To earn money on crypto fluctuations, you will need to have a laptop, an account on the exchange, and the best crypto wallet where you will store your earned profit.
Dropshipping
Dropshipping is a type of online commerce that is profitable and low-cost, compared to other businesses. The dropshipper’s task is to draw attention to the product and collect orders, while the supplier will handle the production and delivery.
The first thing a dropshipper needs to do is decide on a product category for sales and find suppliers offering dropshipping cooperation. The next step is to create your own online selling resource. This can be a promoted page on social networks or a full-fledged website where you need to upload a catalog of goods with descriptions. Then you only need to collect orders and transfer them to the supplier.
The costs to open such a business will be the following:
- a page on social media – $0;
- promotion of it – $100 – $150;
- future and regular ads – $800 – $900.
Photography
This is the best business idea for people who like to take photos. Research the market, chat with photographers, and find out which backgrounds are in high demand. Conduct an effective marketing campaign, create accounts on social networks, negotiate with popular photographers, and you will gain clients.
This venture is more expensive than the others but, for sure, is very profitable.
The expenses can be the following:
- a professional camera – $500;
- ads on social media – $200;
- 1-2 good photography courses – $300.
Remember that your first clients are not going to pay you a lot of money — their projects will be a good opportunity for you to practice.
Healthy Sweets Delivery
Today, many people monitor their diets. The myth that healthy food cannot be tasty has been successfully debunked.
Accordingly, services for the delivery of healthy food, as well as tasty sweets, are in special demand.
Do you like cooking? If yes, then a food delivery business will be very good for you.
Your expenses will be the following:
- products to cook sweets – $250 – $300 per month;
- packing – $50 per month;
- ads on social media – $200 – $250;
- delivery – $100 – $150 per month.
Businesses to Start for Under $1,000
We have successfully discussed some good and profitable ideas for starting a business with $1,000. What can you do when you have less?
Will it be possible to start a business? Yes!
And below we are going to highlight some cheap business options.
Copywriting
This is a good way to earn money and the cheapest business to start if you like to write different articles, descriptions, etc. If you don’t want to work for a company, you can make your own page or website, and describe your services and prices.
The expenses are going to be minimal:
- a functional laptop (if you don’t have one, of course) – $400 – $500;
- ads for your services – $100 – $150;
- workplace equipment to make your working space comfortable – $100 – $150.
Tutoring
Are you good at math? Do you know any foreign languages — German, Russian, Italian? It is time to share your knowledge!
Tutoring is the best business to start with little money.
The expenses are going to be the lowest:
- paper, pens, pencils – $50 maximum;
- cheap laptop to show digital materials – $200 – $300;
- furniture for your students – $100 maximum;
- sweets and tea – $25.
Tour Guide
Do you live in a place that attracts crowds of tourists?
If you easily make new connections with people from different parts of the world and love your city, then conducting excursions will be both enjoyable and an additional source of income for you.
You need to spend money on:
- your Instagram or Facebook page promotions – $100 – $150;
- maps of your city for tourists – $100 maximum.
As you see, everything is possible, and your hobby can become the perfect job that will bring you money.
The best advice I can give you is to not think about money, think about an idea. Many people invest a lot of money in businesses that do not meet consumer demand.
