10 Different Business Ideas For Under 10k: If you’re looking to get started in business but aren’t sure where to begin, you may have heard of starting a lifestyle business – that is, something that you can start small and grow into the business of your dreams over time.
10 Different Business Ideas For Under 10k
Most lifestyle businesses will start around $10,000 or less and are great ways to test out your idea, experiment with marketing and work on honing your skills before diving headfirst into the deep end of entrepreneurship. Here are 10 great ideas for businesses you can start with just $10,000!
Selling on Amazon
Amazon is a huge online marketplace that contains hundreds of opportunities for small businesses. The platform brings together buyers and sellers of all sizes—from individuals selling household items to large companies and government agencies.
You can sell pretty much anything you want on Amazon, as long as you can ship it. From t-shirts to vacuum cleaners, here are 10 business ideas that don’t require significant startup capital but still earn thousands each month.
Freelance Writing
If you have a way with words, then freelance writing might be for you. But don’t get too excited about landing your dream freelance gig right away; it’s a competitive field, and you need to plan on doing some work before getting paid.
Here are some tips for breaking into freelance writing. This is an entry-level position, but like most positions in life if you work hard enough there are plenty of room for promotions down the road. It is also a position that can support many different avenues of interest because so much opportunity exists within each field or topic within which we write.
I am currently working as an IT support writer from home. The pay is not tremendous but enough to live well on my current lifestyle. Sometimes I just enjoy writing articles that interest me even though they may not offer any financial reward at all simply because it’s enjoyable!
Online Photography Business
This business idea can be started for a fraction of what it costs to open a brick-and-mortar store and will require minimal initial investment. An online photography business may generate much more income than a brick-and-mortar store. However, you must ensure that you have sufficient start up capital and enough time to dedicate to working your business on an everyday basis.
Another great way of making money as an amateur photographer is to offer services to friends and family so they can capture their own special moments in photos – rather than being forced into buying prints or albums at extortionate prices. Another option is offering wedding photography services, which can be quite lucrative.
Create and Sell eBooks
Writing eBooks for profit is a great business idea for just about anyone—regardless of age, experience or expertise. However, those who can translate what they know into how-to information that others want to read will excel at it. If you’re a skilled expert in an area (even if it’s something fairly esoteric), you can likely turn your knowledge into an eBook on one of many online platforms that either sell ad space or charge people to publish their own content.
In fact, some platforms allow you to create an entire course of lessons (for instance, if you wanted to teach someone everything they needed to know about fixing cars). Once written and published online, a little promotion will help your book find its audience and hopefully bring in sales.
Launch an Online Store (with Shopify)
Having an online presence is a great way to advertise your brand and keep your customers coming back. If you’re interested in business ideas that can help you earn money on your own terms, starting an online store might be just what you’re looking for.
With Shopify, all you need is a niche that people are already shopping in and some products to sell. Plus, there are plenty of free ways to get attention for your new business, including social media and blogging about topics related to your industry.
See our how-to guide on starting an ecommerce site here or follow these steps: 1) Pick a product. 2) Come up with at least one creative promotional idea. 3) Think about how you will ship your goods to potential customers. 4) Create a logo. 5) Register for a domain name and web hosting. 6) Set up Google Analytics.
7) Write a web copy for each page of your website—remember that SEO matters! 8.) Choose a template and build out all pages of your website (or outsource). 9.) Start selling! (Here are more tips from Shopify experts.)
Start a YouTube Channel
Now, I’m not saying that you should start a YouTube channel with hopes of becoming a millionaire. You may just want to build an audience for your expertise or for one video in particular. A high volume of views is not necessary at first; you just need to establish yourself as an expert on something specific within your niche. Once you’ve gained some subscribers.
Look into ways that you can grow your business via YouTube and allow it to become part of your marketing strategy. This will help attract even more viewers (and customers). If you are using ads, then make sure they are viewable – most people would rather watch a 30-second ad than sit through four minutes of commercials!
Also remember to add links back to your website either by linking directly in comments or by including them inside descriptions. This way, when people like what they see and want more information about whatever it is you do online – they will come back to check out your other videos or social media pages! Here are some ideas
Vlogging on YouTube
If you have a unique point of view and an engaging personality, vlogging could be a great way to make money online. While it can be hard to get views at first, once you find your voice, it can be a very profitable form of passive income. There are many brands and influencers already making money from YouTube videos.
You can get started by creating your own YouTube channel and building an audience, or choosing a popular existing channel with fresh content. Once you build up a large enough following for your brand or channel, some of your viewers might even start paying for products featured on your site! Are you a trusted expert in today’s mobile world?
The media is teeming with stories about smart phones, tablets, wearable technology and other gadgets that drive industry buzz – but what’s driving these devices? Will these emerging technologies redefine tomorrow’s workforce as we know it? Is getting technical knowledge at school any longer relevant if these new technologies are changing every year?
How will businesses of all sizes capitalize on them in order to remain competitive in their niche market…or perhaps create new ones altogether? Are teens driving employment trends – or is their personal social behavior going mobile now too?
These are just some of questions discussed in our series The Millennials: Technology & Employment. Our mission was to put together a group of thought leaders who define emerging job roles related to youth & technology.
Start a Podcast
If you have a specific area of expertise, you can build an audience and generate income by creating your own podcast. If you’re interested in starting a podcast, one of your first moves should be to look for forums or communities related to your topic and try participating. This will help you gain insight into how others are using podcasts as well as how they’re promoting them.
The key is to build a network from which you can reach new listeners who may like what you do. Free or low-cost audio recording software can easily make your computer or smartphone into a recording studio for podcasts. Look for industry conferences and trade shows that might offer podcast sessions as part of their activities.
Finally, check out some podcasts that have been successful so you understand what differentiates good podcasts from bad ones (and thus effective marketers from failing ones). Make sure to list out all of your possible topics before finalizing on just one. While marketing yourself through any channel has its share of critics, social media platforms are best known for providing brands with direct interaction with potential customers.
While Facebook is still probably not something most small businesses would want to commit much time or money towards (especially since it’s recently changed its algorithm), there are many other options available including Snapchat, Twitter, Instagram, Pinterest, LinkedIn and Google+ among others.
Video Editing and Graphic Design Business
Blogging is an effective way to share content that builds a brand, generates traffic and attracts potential customers. One of my favorite ways to profit from blogging is by using it as a platform for lead generation. But what if you don’t have time to create original content for your readers?
The solution is to produce high-quality videos or other types of premium media content (like graphics) instead. You can sell these on sites like GraphicRiver and Fiverr. – Sean Ogle, Entreprenuer, Author & Founder of The Self-Employed Guide
Fiverr Gigs
If you don’t have a ton of cash to invest in your business idea, but are looking for an easy way to get started without much overhead, try Fiverr. The company connects people who want services with those willing to provide them—whether it’s editing an ebook or building a website.
You can offer pretty much any service you think someone might need and find people willing to pay $5 for it (though you’ll likely have more success if you focus on tasks outside your day-to-day work). If you go that route, though, be prepared to spend some time marketing yourself—free work is rarely as enticing as a good deal.
But once you do start booking consistent gigs via Fiverr, be sure to set aside at least an hour a week (after fulfillment) to focus on growing your small business. If successful, there’s no reason why you couldn’t quit your day job entirely after just a few months using Fiverr.
But remember: always start slow before reinvesting any money back into additional services and equipment/inventory/supplies etceteras as reevaluating what has worked in terms of monetization within your current template isn’t really advisable! Be cautious about taking too many steps forward when you could be doing very well staying put; consistency tends to outstrip progress by quite a lot if you’re smart about it.
Also Read: Top Business Ideas For Under 18 Year old
Conclusion
There are multiple different business ideas you can start up for under 10k. From cleaning businesses to running a consulting business, there is something out there for everyone. The best way to find out which one is right for you is to test and see what works for you! Each idea will have its own ups and downs, but it all depends on your hustle and dedication to your success!
