8 Business Ideas For Under 10000: Starting your own business can be an exciting and rewarding experience, but it’s also a lot of work. If you’re just getting started and don’t have much capital to invest, one of the best ways to go about it is with low-cost business ideas that cost less than $10,000 to get off the ground and run profitably over the long term.
8 Business Ideas For Under 10000
Here are eight great business ideas that fit that bill and could help you start making money right away!
1) Freelance Websites
One of the most lucrative business ideas is to create a freelance website—one where you do freelance work. Web design and development are two popular fields to focus on as they tend to have low startup costs. Having your own website will also help you market yourself as an expert in your chosen field.
Which can result in more freelance gigs or even landing a full-time job if you put enough time into it. People are willing to pay hundreds of dollars for custom logos and other graphic design; just imagine how much money you could make with your own site.
The best part? Freelance websites don’t require large amounts of funding to get started. All you need is a professional domain name (around $10) and hosting (around $20). Check out freelance sites like oDesk or Elance if you want something simple and easy to set up but still want access to high-paying clients.
2) A Podcast
A podcast is a great business idea because it costs practically nothing to produce and can be easily monetized. If you don’t want to do it yourself, there are plenty of podcast hosting services that offer pretty cheap plans or let you create a professional-looking podcast for free.
They make money by taking a cut from ad revenue. You can also make money by selling your show to brands and corporations as an endorsement deal in exchange for their cash (and your audience). Podcasting is one of the fastest growing mediums.
And all you need is an interesting niche and lots of people who are passionate about it—which is why your favorite hobby makes such a great business idea. Who knows? Maybe you’ll get lucky like tech mogul James Altucher who sold his $60 per month podcast to Entrepreneur Media for $20 million after four years!
3) Writing an Ebook
If you’re looking to start a business and want to make money writing—or just want to pad your portfolio with some high-quality content that can be sold over and over again—writing an ebook is a great way to get started. As long as it’s in digital format (PDF, ePub Book), you can sell an ebook on your own website or offer it up as a download on sites like Amazon.
You can also bundle them together and sell them as an anthology. Don’t forget about pricing: If you price low, many people won’t buy due to perceived value. Set it at $2.99 instead of $0.99 so that your audience sees real value there! Offer free chapters before charging for complete work! Use affiliate marketing: Affiliate marketing means selling someone else’s product.
The benefit here is that you don’t need to spend money creating it yourself—and if anything goes wrong, it isn’t on you either. Depending on where you set up shop and who your market is, you might need to do some research into local laws regarding what constitutes affiliate marketing.
But once those are out of the way you can find a niche within any subject area and share affiliate links from other people’s products from your site; all they’ll pay attention to are sales figures per their payout schedule—you’re not getting paid one dime if no one buys their product through your link.
4) Teaching Online Courses
Teaching online courses can be a lucrative way to make money if you have expertise in a particular subject area. Depending on your knowledge and experience, it might be worth doing some research to figure out whether you can make that skill into a side business idea around teaching things like digital marketing or project management.
This isn’t something we’d necessarily recommend right away unless you know there is a demand for such expertise. Learn how to start an online business here! Write a professional email based off of these instructions: Professional Email Text as Subject: Hi Patrick, Hope all is well with you. Just writing in reference to our call yesterday. Looking forward to see if we can push through before end of April?
5) Selling on Amazon FBA
Fulfillment by Amazon (FBA) is a fulfillment option available to sellers on Amazon that allows them to send their inventory to an Amazon warehouse where it can be stored and then fulfilled when a customer orders from them. Many small businesses use FBA, but some online sellers struggle with pricing strategies and how to compete against larger merchants.
We’ve interviewed six business owners who are using FBA—and they shared actionable tips on how you can get started selling through FBA. Some of these points include Highlight Your Packaging, Connect With Top Sellers, and Offer Guarantees. Below we share 6 Tips On How To Start Selling On Amazon!
6) Make Money With CPA Marketing
Interested in making money online? This can be done by starting a CPA (Cost per Action) marketing business. CPA Marketing is all about advertising and link-building. Some of these links may lead to monetized websites such as affiliate sites or adsense websites. You get paid only when someone clicks on your links and makes a purchase on that site.
This business is not very expensive to start with and you can easily make money with it if you invest time into it. Plus, most of them are flexible enough so that you can continue your day job while working on your own company at night/afternoon. Here are some of our Top 8 picks: 1. Solvid 2. GetKontera 3. MaxBounty 4. Cloudaffiliates 5. CommissionJunky 6. ValuedClick 7. Smartsavvy 8.#
7) Begin Your Own Consulting Business
While some would argue that digital products can be replicated and distributed at no cost, that’s not entirely true. It takes time to create digital products and ship them; those services are not free. Weigh all your costs before starting a business of any kind—your accountant will thank you. If you want to make sure your product is truly unique, consider going through a patent process.
While it’s expensive and may not be worth it in some cases, patents can help ensure that you’re protected if someone tries to steal your idea or give you a run for your money with an extremely similar product. The legal barriers might seem daunting, but operating without a strong IP strategy could jeopardize everything you build. When done right, your customers won’t notice anything different about how your product was created (i.e., they just know they love using it).
But competitors won’t have anywhere to turn but up. To avoid confusion, you’ll probably need to register as a corporation (also called incorporation) rather than as a sole proprietorship or partnership. As long as you’re planning on incorporating anyway, check out these tips for choosing between C-corporation vs S-corporation status!
8) Sell Digital Products
Sell digital products like ebooks, audio or video recordings and software. With a digital product, you can reach more people than you might with a physical product. You only need to make one sale in order to turn a profit. Additionally, it is easier to sell digital products because they don’t take up physical space or have inventory costs.
One downside of selling digital products is that payments are less predictable and more sporadic. That’s why it’s best to start out by selling single copies of your product at lower prices until you can get enough feedback from your customers so that you can sell multiple copies at higher prices once you know what people want and are willing to pay for.
For example, if you’re selling an ebook about how to make a certain kind of soufflé, sell just one copy at first while gauging interest. Once you see there is demand and people are buying it regularly (because you’re marking up your price), then increase production and multiply sales over time. Alternatively, offer different versions of your ebook with different number of recipes if possible (for example 3 free recipes vs 15 paid recipes).
This will help increase sales immediately since consumers will have something to evaluate before deciding whether or not to buy your book – otherwise all they will see is eBook which doesn’t tell them anything about what’s inside!
Also Read: Business Ideas Under 5 Lakhs
Conclusion
When you first begin thinking about what kind of business you want to create it can seem like a daunting task with endless possibilities. Once you actually begin researching your idea and writing it down on paper, however, you’ll find that things really aren’t as complicated as they seem.
While there are certainly some things to keep in mind (such as what specific niche/industry your business will fall into) it is still just a matter of putting in time and making sure your idea is something that has an established market within its target demographic. Best of luck on your future endeavors!
