When we think of business, we think of mammoths like Amazon and Facebook or other capital-intensive companies that require millions of dollars, but did you know you can start a business with as little as $1000 and still scale it to great heights? Here is a list of twelve businesses you can start under $1000.
Graphic Design Agency
Graphic designing is always in demand; businesses, freelancers, social media creators, and many more require graphic designs. Starting a graphic design agency is simple, and you don’t need to hire anyone initially. You only need a computer with good speed, cloud storage, premium design software, and a good-quality printer (optional).
Starting a graphic design agency costs around $847, and this is a profitable business.
Website Development Business
Starting a website development business is a great idea, especially now, with more startups popping up. There is a high demand for website creation.
Web development involves designing, creating, and maintaining websites and web applications. All the equipment needed is a high-speed computer and software. A webdev agency can be started with less than $1000 and scaled to reach millions.
Online Jewelry Business
An online jewelry business is a profitable venture that can be started at a low cost. You can sell the jewelry at an online store on Shopify, Etsy, or via social media sites like Instagram.
To start a jewelry business, you must invest in tools, materials, and equipment. Selling your jewelry online will give you a worldwide reach and this business can be started with as little as $500.
Homemade Chocolate Business
Starting a homemade chocolate business is a profitable venture despite the competition from big companies. This is because homemade chocolates offer new varieties and personalization. They are also freshly made and make great gifts. A homemade chocolate business can make great profits and doesn’t need much investment.
A homemade chocolate business can be started with just $1000.
Coaching Services
A coaching business is where someone with experience and knowledge in a niche coaches others to excel in that niche. Some examples of coaching services include life coaching, business coaching, sales coaching, and wellness coaching. Coaching is the cheapest business to start as there is no equipment requirement; you only need yourself.
A coaching services business can be started with as little as $200. According to Starter Story’s research a life coaching business can be started with just $750.
Print on Demand
A print-on-demand (POD) business is an e-commerce business where you don’t have to maintain inventory. You just need to partner with a third-party supplier who handles the products’ printing, production, and delivery. These products are created only when an order is placed. This allows entrepreneurs to offer various customizable products without needing large-scale manufacturing.
Some examples of POD items include t-shirts, mugs, phone cases, and other merchandise.
There is a high demand for customized products offered by print-on-demand businesses. You can start a POD business with just $43.
Real Estate Business
A real estate business involves the buying, selling, or managingof properties, such as residential homes, commercial buildings, or investment properties. This can include activities like listing properties, showing homes to potential buyers, and negotiating deals.
To start a real estate business, you will need a license and membership in associations like the National Association of Realtors (NAR). The cost of starting a real estate business depends on the scale; if you want to start small and locally, then it can be started under $1000.
Freelance Writing
Freelance writing is where you write content for individuals or companies on a project-by-project basis. As a freelance writer, you can offer different writing services, such as creating content for websites, copywriting, blogs, social media posts, technical documents, or even creative writing projects like fiction or poetry.
The cost of starting a freelance writing business is extremely low. You will need a good computer, editing and proofreading software (which is available for free, too), and internet access. The median cost is $300.
Photography
A photography business involves offering professional photography services, such as capturing portraits, events, weddings, product shots, or documenting various life moments. Unlike other businesses, this one requires heavy equipment, which takes up a significant portion of the investment.
You can start a photography business with $900 and scale easily due to the high demand for photographers from both companies and individuals.
Artisanal Soaps Business
Artisanal soap-making businesses specialize in making handmade soaps using natural ingredients and traditional methods. These businesses often focus on creating unique, customized soaps that cater to their customers’ preferences and needs. Artisanal soaps are in high demand in the market, especially from customers who prefer natural ingredients and want to avoid any type of harsh chemicals in their soaps.
Many people believe handmade or artisanal soaps can have skin-nourishing properties, and you can start this business for as little as $200.
Personalized Gift Basket Creation
A personalized gift basket creation business is a service that specializes in designing and assembling custom-made gift baskets tailored to the specific preferences and needs of customers. These businesses offer a variety of products, like gourmet foods, spa items, home decor, and unique gifts, which are selected by customers and then arranged by you in an aesthetically pleasing manner to create a unique and personalized gift.
The personalization aspect is the key to this business’s success and demand. You can start a personalized gift basket creation business for $1000 or less.
Nail Salon
This is a new and high-demand business. A nail salon focuses on providing professional nail care and beauty treatments to its customers. These businesses offer different services, like manicures, pedicures, nail extensions, gel or acrylic nail applications, and nail art. With the number of reels about aesthetic nail art, demand for good nail care is booming.
A nail salon needs some equipment and inventory and can be started even in your backyard; the minimum cost of starting a nail salon business is $900.