7 of the Best Home Business Ideas With Low Startup Costs

7 of the Best Home Business Ideas With Low Startup Costs

Climbing the corporate ladder is no longer the American dream. In fact, it’s estimated that by 2020, 27 million more Americans will leave their full-time jobs, increasing the number of self-employed individuals to 42 million.

Are you ready to leave the “rat race” but don’t have much startup cash? If so, it doesn’t mean there aren’t options.

Keep reading to learn about some of the best home business ideas with low startup costs. This is your guide to working for yourself and having a flexible schedule you design.

1. Bookkeeping Services

Are you good with numbers? Do you want to use this skill while working from the comfort of your home?

If you want to be a freelance bookkeeper, you’ll be happy to know you don’t have to be a Certified Public Accountant. However, you do need to have an affinity for numbers.

The good news is, there are a wide array of free resources out there, along with online payment tools you can use for your new at-home venture. Some of the services you can begin offering for minimal investment include:

  • Creating financial reports
  • Providing income statements
  • Creating balance sheets

As you offer more services, your overhead may increase, but you should also gain new clients, and therefore more income.

2. Begin Selling Items Online

If you have ever looked into working from home before, you have likely heard this tip. A great way to begin making money at home, with no investment, is by selling items you don’t want.

There are now a huge number of online platforms where you can reach interested buyers. Once you run out of “stuff,” you can begin ordering items in bulk and reselling them for a profit.

If you need to use a different address, get details about how to make it all work and get your business off the ground.

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Remember, many of the sites where you sell items take a fee – but that’s only after the item has sold. As a result, you won’t have to have any upfront investment to get started.

3. Be a Virtual or Personal Assistant

While virtual or personal assistant jobs don’t sound very glamorous, they pay very well. If you have ever worked this type of job in an office environment, then you are going to discover the digital version offers much more flexibility and freedom.

With this type of job, you can choose everything from your clients and hours, to how much you earn. There are even training programs available online to help you get started.

Keep in mind, this may be a relatively easy job, but you need a home office to make it work. This will ensure you have a dedicated place to work.

4. Affiliate Marketing

Affiliate marketing is something that’s extremely easy to get into and allows you to earn a commission by promoting the services and products offered by another company.

The concept is simple. You select a product that you like, you promote it and then make a profit each time one sells thanks to your marketing efforts.

If you have any of the following, then starting an affiliate marketing business is relatively easy:

  • You currently have a website or blog of your own
  • You are able to prove your success with your visitor statistics
  • You have invested in affiliate marketing before and can show proof of effectiveness

Keep in mind, it can take time to begin selling as an affiliate marketer, but don’t give up. It can be extremely lucrative once you find your niche.

5. Give Others a Lift

You have likely heard of some of the most popular rideshare companies out there today and working for one of these is a great way to earn a steady income. The best part is, once you get hired you can begin earning – no investment necessary.

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Keep in mind, the more you drive, the more you can earn.

6. Blogger or Vlogger

Do you feel as though you are an expert in a certain field? From DIY and cooking to fashion, travel, plumbing and more – if you know about a subject in-depth, then why not share this knowledge?

You can create your own vlog (video blog) or blog and give this information to the world. All you need to get started is a computer and a camera. You can make money by selling ad space on your page, or by writing reviews for products on your site.

7. Start Flipping Websites

You have likely heard of flipping houses, but what about flipping websites? This is the process of purchasing an existing website, making it better, and then selling it for a profit.

If you have the right web development skills, it’s extremely easy and affordable to begin this process. However, you have to know how to identify websites that have the possibility of being improved. This may take some time, but as you get better, it can be an extremely profitable endeavor.

Home Business Ideas with Low Startup Costs: Now You Know

If you are searching for quality home business ideas with low startup costs, then consider some of the options listed here. Doing so will help to give you an array of options and allow you to begin earning money in the comfort of your own home.

Keep in mind, to actually earn a profit, you are going to have to put in time and effort. Working at home doesn’t mean you get to sleep all day – you have to be committed to making your business venture work and to make it a success.

If you are looking for other information about beginning your own business, be sure to check out some of our other blogs. For example, we offer information on how you can start your own construction contracting business.

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