21+ Business Ideas For Less Than $1000 Investment
Looking to start your own business, but don’t want to break the bank? Check out these 21+ business ideas that can be started for less than $1,000.
Small businesses are a vital part of the United States economy and contribute a significant amount to the country’s GDP. According to the Small Business Administration, small businesses make up for 99.7 percent of all firms in the United States and account for 64 percent of all new jobs created in the country.
One of the most important ways that small businesses contribute to the GDP is through job creation. Small businesses are responsible for creating millions of jobs in the United States. When small businesses thrive, they create jobs and help to grow the economy.
Small businesses contribute to the GDP through innovation. They are often the source of new ideas and innovations that lead to economic growth. Often, they provide new products and services that can make a big impact on the economy. Small businesses also contribute to the GDP through spending. They purchase goods and services from other businesses, which helps to stimulate economic activity. When small businesses are thriving, they tend to spend more money, which helps to boost the economy.
The bottom line is that small businesses are a vital part of the United States economy and play a significant role in the country’s GDP. They create jobs, innovate, and spend money, all of which contributes to economic growth.
Yes, small businesses are important. Now, let’s dive into 21 business ideas to start your own small business:
1. Sell handmade products
If you have a knack for crafts, you can start your own business selling handmade products. There are a number of ways to do this, such as setting up a booth at a local market or selling online. The only investments you’ll need to make are for raw materials and packaging.
2. Start a baking business
Baking is another great business idea for those with a creative touch. If you have a passion for baking, you can start by taking orders for cakes, cookies, brownies, and other baked goods. As your business grows, you can start catering for events and parties. The only major expense you’ll need to consider is a good oven.
3. Sell embroidery and crochet work
If you’re skilled in embroidery or crochet, you can start your own business selling handmade products. There’s a large market for these kinds of products, so you’ll need to be creative in order to stand out. You’ll also need to invest in some quality threads, needles, and other supplies.
4. Start a boutique
If you’re a skilled tailor with an eye for fashion, you can start your own boutique. You can sell your creations online or in a physical location. In order to get started, you’ll need a sewing machine and some supplies like threads, needles
5. Conduct dance, music, or art classes
If you’re passionate about dance, music, or art, you can start your own classes. This is a great business idea for those who enjoy teaching and sharing their knowledge. You can start by teaching classes out of your home, and then renting out a studio as your business grows.
6. Start an online tutoring service
If you’re a subject matter expert, you can start your own online tutoring service. This is a great business idea for those who enjoy teaching and helping others. You’ll need a laptop, a good quality webcam, and a stable internet connection to get started.
7. Start a babysitting or daycare service
If you’re good with kids and enjoy taking care of them, you can start your own babysitting or daycare business. This is a great business idea for those who want to make a difference in the lives of families and support the community while earning money. You’ll need to be certified in child care in order to get started professionally.
8. Start a food truck
Are you passionate about food? You can start your own food truck business. You can lease a food truck business so that you don’t need to invest in an own one. The best part: You can switch the location according to demand. If you know your city very well, you can move your truck depending on the schedule of schools, universities, office building - so that you are always receiving people who are leaving buildings for breakfast, lunch or dinner.
9. Start a juice shop
If you’re passionate about healthy living, you can start your own juice shop. A juice shop is a good business idea because it is a healthy alternative to fast food restaurants and other unhealthy food options. This means that you even benefit if you are selling in places where no healthy food or drink alternatives are available. Being in an area where people take care of their health like at a gym is beneficial too.
To get started, you need a juicer, a blender, and some fruit and vegetables.
10. Become a health and fitness coach
If you’re passionate about health and fitness, you can start your own coaching business. This is a great business idea for those who want to make a difference in the lives of people. You’ll need a website and some basic marketing materials to get started. A plus is to be a certified health and fitness coach so that you gain more trust and more customers.
11. Start a laundry and dry cleaning service
Laundry and dry cleaning services are a recession-proof industry - people will always need their clothes cleaned, even during tough economic times. It’s a relatively low-cost business to start - you don’t need a lot of expensive equipment or premises to get up and running. It can be a relatively hands-off business - once you get it set up, you can largely leave it to run itself.
There’s a lot of potential for growth - as your business becomes more successful, you can add more services, locations, and employees. It’s a satisfying business to run - you can take pride in providing a valuable service to your community. The basic requirements for starting a laundry and dry cleaning business include a commercial space, laundry equipment, and a supply of laundry products and materials. You will also need to obtain a business license and insurance.
12. Start a house cleaning service
If you’re good at cleaning and organizing, you can start your own house cleaning business. This is a relatively low-cost business to start up, and there is a constant demand for such services. Additionally, running a house cleaning service business can be a very rewarding experience, as you get to help people keep their homes clean and tidy. If you build up a good reputation, your business can be quite profitable.
In order to start a house cleaning service business, you will need a few supplies and some start-up capital. For example, you will need to purchase cleaning supplies, such as vacuum cleaners, mops, buckets, sponges, and cleaning solutions.
13. Sell mobile accessories and repair services
A mobile accessories and repair services is a good idea for people who are interested in mobile accessories and repair services because it is a growing industry. The mobile accessories and repair services industry is grew from $20 billion in 2015 to $29 billion by 2020, at a compound annual growth rate (CAGR) of 6.8%. This growth is driven by the increasing popularity of smartphones and tablets, as well as the need for repairs and replacements. Mobile accessories stores sell phone covers, tempered glass, earphones, adapters, chargers etc.
To get started, you will need to have some basic knowledge of how to repair mobile devices. You will also need to invest in some tools and equipment, such as a soldering iron, screwdrivers, and other necessary tools.
14. Start a T-shirt printing business
Starting your own T-shirt printing business can be a great way to be creative and make money at the same time. People love to be individual and that’s why there is a high demand for personalized apparel. You’ll need some basic equipment and supplies to get started.
To start a t-shirt printing business you need a few key items: a computer, graphics editing software, a printer, t-shirt transfer paper, and a heat press. You will also need a supply of t-shirts, and a way to get your finished products to your customers. There are t-shirt printing platforms that handle all of the operations so that you only need to find customers.
15. Start a stationery store
If you’re good with organizing and have an eye for detail, you can start your own stationery store. Tthere is a growing trend of people working from home, which means there is a need for office supplies. Additionally, a stationary store can offer a wide variety of unique products that are not available at traditional retail stores. If there is a school or university nearby your stationery store, you will benefit from increased demand for your products.
16. Sell thrifted books
Do you love books? If yes, you might want to start your own thrifted book business. There are a few reasons why starting a thrift book store can be a good idea. First, books are generally inexpensive to purchase second-hand, so it can be a low-cost way to stock a store. Second, people who love to read often have large personal collections and are always looking for new and interesting titles, so a thrift book store can be a great source for rare or hard-to-find books. Finally, a thrift book store can be a great community space, where people can come to browse, chat, and exchange books.
17. Provide content writing services
If you’re a skilled writer, you can start your own content writing business. You can start your business with little to no overhead costs. All you need is a computer and an internet connection.
You can work from anywhere in the world. There is a high demand for content writers, as businesses need quality content to market themselves online. Once you build up a good portfolio of work, you can charge premium rates for your services. You can work with clients in a wide variety of industries and from different countries, which can be interesting and challenging.
18. Provide web development services
If you’re a skilled web developer, you can start your own web development business. Starting your own web development business can be a great way to be your own boss, work on interesting projects, and earn a good income.
Web developers with strong technical and creative skills can command high rates, and starting your own business gives you the potential to earn even more. Moreover, as the owner of a web development business, you’ll be able to set your own hours and work from home. This allows you to save office rents. You’ll need a laptop and a stable internet connection to get started.
19. Become a real estate agent
If you’re good with people and have an eye for detail, you can start your own real estate business. A personality that is wise to start a real estate agency is one that is organized, efficient, and has a strong understanding of the real estate market. You should also be able to build relationships with clients and be able to negotiate well.
20. Sell photography services
If you’re a skilled photographer, you can start your own photography business. Photography is a popular hobby and many people are willing to pay for professional photos. It is a relatively low-cost business to start up, and there is a high demand for services. Photography is a versatile skill that can be used for a variety of purposes, from wedding photography to landscape photography. You’ll need a DSLR camera and a stable internet connection to get started.
21. Start an e-commerce store
An e-commerce store a very efficient way to sell products and services. Ecommerce businesses can reach a larger audience than brick-and-mortar businesses, and they can do so without the high overhead costs associated with physical stores. Ecommerce businesses can operate 24 hours a day, 7 days a week, which gives them a significant advantage over traditional businesses. Because ecommerce store are digital by nature, they have the potential to generate a lot of data that can be used to improve marketing and operations.
To start an ecommerce business, you will need a domain name, hosting, and a shopping cart software. You will also need to set up a payment gateway and merchant account.
22. Mobile pet grooming business
A mobile pet grooming business is a great idea for a low-cost investment because it is a service that is always in demand. People love their pets and are willing to pay to have them groomed. Plus, a mobile pet grooming business has low overhead costs, since you won’t need to lease a storefront or buy expensive equipment.
To start a mobile pet grooming business, you will need a van or SUV outfitted with pet grooming equipment, including clippers, scissors, shampoo, and towels. You will also need to purchase liability insurance.
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23. Home-based pet sitting business
Another low-cost business idea is starting a home-based pet sitting business. This is a great option if you love animals and don’t mind caring for them in other people’s homes. You will need to purchase some basic supplies, like food and water bowls, leashes and collars, and bedding. You will also need to create a detailed pet care agreement that outlines your services and fees.
24. Mobile car wash business
Starting a mobile car wash business is another great low-cost business idea. For this business, you will need a pressure washer, soap, and towels. Once you grow, you can professionalize your car wash business furtermore. Consider investing in a trailer that is outfitted with all the supplies and equipment you need. This will make it easier to move your business from one location to another and will give you a more permanent base of operations.
Are you ready to start your own business?
It is easier than ever to create a business once you picked the idea. The internet has made it possible to reach a global audience with ease. Nowadays, here are a number of online tools and resources that can help you get started and there is a growing trend of people wanting to support small businesses and entrepreneurs. All of these factors make it easier than ever to get started on your business idea.
If you have an idea for a business and the basic requirements to get it started, you can easily set up an online store using SoTrusty. SoTrusty makes it easy to add products, launch your store online, and start accepting orders quickly and easily. You can use the marketing tools on SoTrusty to market your business across multiple platforms and bring traffic to your store.
When we use technology to its full potential, we secure the success of your business. With partners like SoTrusty, you can do so with no coding knowledge and at your own pace.