10 Small Business Ideas You Can Start With Limited Money

Small Business Ideas

Is it possible to build a startup without a huge capital? Of course, it is! In fact, some of today’s most successful companies started with their own small business ideas!

Cases in point, Amazon, Apple, Google, Hewlett-Packard, Mattel, and The Walt Disney Co all began in the garage. Meanwhile, Hootsuite, Indiegogo, Instagram, Spotify, and Uber started off using coworking spaces during their early stages. 

If you are fueled with determination, you too can turn your dreams into reality. Your product or service will have a higher chance of succeeding if it fills a gap or solves a problem in the market.

In case you’re looking for some inspiration, we have a few small business ideas you might want to consider as you launch your own micro enterprise.

Top 10 small business ideas to consider

1. Start a dropshipping business

This business model is easy to start because it allows you to run your own ecommerce shop without actually investing in and keeping a product inventory.

Shopify explains the process this way:

“When a store sells a product using the dropshipping model, it purchases the item from a third party and has it shipped directly to the customer. As a result, the seller doesn’t have to handle the product directly.”

What’s most important here is you find a reliable third party supplier that can handle your buyers’ orders in a prompt manner. Also, you will need to do your own marketing and assist customers when they have concerns.

2. Offer online tutorial services

Got teaching skills and knowledge or abilities you can share with others? You might want to explore online tutoring.

There are a lot of options when pursuing this business idea. You can teach any subject such as arts, digital marketing, fitness, foreign language, musical instruments, web design, among others. It all depends on what type of skills you possess!

Eager learners are willing to pay for your services and the good thing here is you can access both the local and international market. To get started giving private lessons online, you will need to have a computer, a headset, an internet connection, and a video conferencing app (such as Google Meet, Skype, or Zoom). Alternatively, you can also create your own online course and sell it as downloadable instructional videos to interested customers.

3. Sell print-on-demand shirts

Similar to dropshipping, selling print-on-demand shirts allows you to make money without having to buy and store tons of shirts.

Obviously, this type of business is recommended for those with design skills. That way, you’ll be able to sell your original creations without having to worry about copyright issues. The great thing about print-on-demand shirts is that you will not have to continue investing in designs that aren’t selling well. Plus you will only need to post mock-up design templates online – no need to do product photography anymore. The downside, of course, is that each item will be priced more expensively compared with printing shirts in bulk.

4. Launch an online apparel store

The dropshipping model is also applicable for this. Contact different vendors and post product pictures on your online shop. Then invest in your own website or even use social media as a platform. You can carry different clothing items and brands, depending on your target market.

5. Accept writing gigs

Love writing? You can also undertake writing jobs for different clients. There are actually a lot of opportunities out there for great writers. High-paying clients are always on the lookout for writers who can do blog posts, email newsletters, magazine articles, product reviews, social media copy, and website content, among other writing tasks.

To find legit writing gigs, you can check out websites such as Blogging Pro, Contently, Craigslist, Fiverr, Flex Jobs, Guru, People Per Hour, and Upwork. As long as you have a good resume and a solid portfolio, you’ll be able to make money from this.

In the meantime, you may want to check out our past blog about 50 writing apps and tools you can use to make the job much easier.

6. Do bookkeeping

If you’re comfortable with numbers and have great attention to detail, this business is ideal for you. Small and medium-sized companies need help with their bookkeeping tasks if they don’t have employees who specialize in those areas. You can offer your services to them for a fee.

You will only need a computer, bookkeeping software, and a knowledge of standard practices to begin working. Although a bachelor’s degree isn’t required, having a relevant certificate is an advantage.

7. Be a social media manager

For the social media savvy, being a social media manager for different clients can be the way to go. Brands are willing to pay a decent amount for experts who can handle their social media channels. Case in point, CNN has named social media manager as one of the top 100 Best Jobs in America.

For this role, you will be in charge of developing effective social media marketing campaigns. Additionally, you will manage brand accounts and create engaging content for different platforms (such as Facebook, LinkedIn, Instagram, Twitter, YouTube, and others).

8. Go into event planning

As the title describes, an event planner does the job of planning and organizing events such as birthday parties, class reunions, corporate events, weddings, and others. You will be responsible for picking appropriate themes, managing client budgets, booking event venues, organizing logistics, as well as contacting catering services and other vendors.

If you’re an outgoing, detail-oriented person who enjoys organizing events for your friends and family members, this is something you can do professionally.

9. Make money with photography

For the shutterbugs out there, you can earn as a professional photographer. One idea is to do event photography, which is a good option since you wouldn’t need to have a studio to start. In most cases, you will be asked to do outdoor or in-location photoshoots.  

Additionally, you can also sell some of your photos on stock photo websites such as 500px, BigStock, Getty Images, iStock, and Shutterstock.   

10. Run a cleaning services business

If you have cleaning tools and a vehicle, you can start offering cleaning services around your neighborhood. You can target residential homes and commercial establishments as your clients. The great thing about this is that if they’re satisfied with your service, it can mean a steady income as you attract repeat customers.  

The business model is also flexible and provides room for growth.

According to Entrepreneur:

“If you like doing the work yourself, you can stay small and do so. If your skills are more administrative in nature, you can build and manage teams to do the work.”

The site also added:

“Most cleaning service businesses can be operated on either a part-time or full-time basis, either from home or from a commercial location. That flexibility gives this industry a strong appeal to a wide range of people with a variety of goals.”

Final thoughts: There are a lot of great small business ideas out there!

Nigerian businessman Aliko Dangote once said, “To build a successful business, you must start small and dream big.”

Leaving your 9-to-5 job and being a startup owner is not an impossible goal. With the right amount of planning and marketing, you will be able to succeed in turning your business ideas into reality.

In the meantime, feel free to visit us here at The Farm SoHo to meet fellow entrepreneurs among our community. We offer the cheapest coworking space in NYC. Good luck on your small business!

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Are you looking for a NYC event venue for personal or business occasions? Do you need a fresh perspective for your workday, a business address or virtual mailbox? If it’s time to level up your business and you’re looking to make some serious marketing moves, we have the answer for you!

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