Speculating What Businesses to Start with $10,000, Then Read On!
Starting a business with $10,000 can be challenging and intimidating. But if you know about some exciting business ideas that you can start for 10K or less, you will be successful.
A business under 10K has a lower risk because you are not spending too much money on it. Therefore, it is easier to deal with the financials and get started.
Best Businesses to Start With $10,000 or Less
You can start a couple of small businesses without breaking the bank. You need to think of a business that you can run with your skills and knowledge. Let’s take a look at the 25 best business ideas to start with $10,000 or less.
25 Businesses to Start for Under $10K
Personal Fitness Trainer
If you are into fitness, you can turn your hobby into a full-time business. You can be a personal fitness trainer and help people achieve their fitness goals. If you want to work with various clients in gyms, you must have a fitness training certification.
Apart from certification, you will need to invest in a website and an Instagram account. Personal trainers sell eating plans and customized exercise plans for additional revenue. They also provide personal training services online.
The initial investment for this business will be around $5,000. You can expect to earn between $2,500 and $7,500 per month. If you want to be successful in this business, you must make good use of social media.
Social media allows you to get the much-needed exposure. You can display your work and reach your potential clients through social media. It is one of the best businesses to start with $10,000 or less.
Read: 10 Effective Ways to Turn Your Business Idea into a Startup
Day Care Owner
Knowing how to start a business is the most important thing. If you have a big home, you can become a daycare owner. This is one of the best business ideas that you can start with little money.
In order to become a daycare owner, you will need insurance, license, and daycare supplies. This can be a great side business that will boost your monthly income.
The initial investment for a daycare business will be about $1,000. You can expect to earn between $1,000 and $5,000 per month.
Real Estate Agent
If you are looking for a profitable business with minimal startup costs, you can become a real estate agent. You will have to take classes and clear a licensing test in order to start real estate business. If you are a real estate agent working for a reputed company, you may have to pay a franchise fee.
The initial investment for this business will be about $1,500. It will include your coursework, license, agency costs, and marketing expenses. You can expect to earn between $2,000 and $10,000 per month.
If you want to be your own boss, you can become a blogger. Starting a blog is quite inexpensive. You will not need any kind of certification to be a blogger.
You have to spend about $300 per year on the domain and web hosting services. Bloggers earn money by writing sponsored posts for brands, hosting various kinds of ads and selling products on their website. However, you cannot expect to gain success in blogging immediately.
Until your blog gains popularity, you will earn less. But once your blog gets a good audience and grabs the attention of brands, you will easily earn $1,000 per month. You can also take a blogging course to boost your business.
Also See: How to Start a Bed and Breakfast Business (B&B)
If you want to start a business of your own immediately, you can become a freelance writer. The investment for this business is very low. You just need a computer, good internet connection, and impressive writing skills to start this business.
You can enroll in a freelance writing course that will help you to create better pitches and improve your writing skills. Earn More Writing is a popular freelance writing course, designed by a successful freelance writer, Holly Johnson. The course focuses primarily on productivity and marketing.
You must have your own portfolio website through which you can showcase your work. This will help you to attract better clients. You must make sure that your LinkedIn profile is completely up to date.
The initial investment will be between $100 and $500. You can expect to earn between $1,000 and $3,000 per month.
A retail arbitrageur is a person who buys products at a cheaper price and resells them at a profit. It is one of the best businesses to start with $10,000 or less. It is easy to open a seller account on eBay or Amazon and start selling your products.
The initial investment for this business will be between $2,500 and $5,000. You can expect to earn more than $2,000 per month.
Choose products that you have good knowledge about. If you have good knowledge of jewelry, you can start your jewelry company. If you are well versed with various kinds of fabrics and outfits, you can start an apparel company.
Photographer / Videographer
If you want to go into business for yourself, you can become a photographer or videographer. It is one of the best businesses to start with $10,000 or less. You need experience, knowledge, and skills to start this business.
In the beginning, you can rent photography or videography equipment for shoots. However, you have to ultimately buy your own equipment if you decide to continue the business. You will have to invest in a website where you can showcase your work and editing software.
The income from this business depends on various factors, such as your skills, the amount you charge, and the demand for your services. The initial investment will be between $5,000 and $10,000.
Info Product Salesperson
Being an info product salesperson is one of the best low-cost business ideas. You have to invest less than $500 for this business. Nowadays, most information products are available in the form of e-courses or e-books.
In order to be successful in this business, you have to choose an area of expertise. There are niches for every person. From Pinterest Marketing to tiny house living to affiliate marketing to urban farming, people are in search of quality content on the internet.
You can create a good eBook or design an eCourse on any such marketable content. You can make video content on platforms such as YouTube, Vimeo, Udemy or Teachable. You can make a good amount of money selling your content on the Internet.
You can be a small business owner by baking cakes and cupcakes from the comfort of your home. If baking is your hobby, you can convert it into a profession. The investment for this business will be under $2,000.
You should contact bridal shops, wedding planners, restaurants, event coordinators, catering companies, and kids’ party planners to inform them about the types of cakes that you make and sell. A great marketing idea is to send your cake samples to them so that they will send customers your way soon.
You must invest in a website to showcase your creations. You should also be active on social media to attract potential customers.
Social Media Consultant
Being a social media consultant is one of the best businesses to start with $10,000 or less in this digital age. Most business owners don’t have time to interact with their customers on social media. They are also not well versed about growing their online presence.
This is why all businesses need a social media consultant. If you want to be successful as a social media consultant, your own online presence should be topnotch. You can gain experience by offering your services to businesses of friends and local nonprofit organizations.
When you have the results in your hand, you should market your services to restaurants, local retailers, and other businesses. As the demand for online marketing will only grow in the forthcoming days, being a social media consultant is a profitable business.
Must Read: How to Start a Coworking Space Business
A professional makeup artist is always in demand. You cannot ignore the role of a makeup artist at weddings, professional photo shoots, film or TV shoots, and public speaking events. Many people opt for a makeover to feel confident.
Being a makeup artist is one of the best businesses to start with 10K. You can work full-time or part-time, depending on your schedule. You can open your shop or collaborate with an established salon. You must build a good working relationship with event planners, wedding planners, and fashion bloggers.
Being an event planner is one of the best businesses to start with $10,000. If you enjoy planning and hosting events, you must start an event planning service. You have to organize and host events such as birthdays, wedding anniversaries, and award ceremonies for your clients.
Your work will include selecting the venue of the event, creating and sending invitations, selecting caterer, and arranging for speakers. In order to be successful in this business, you need to be creative, organized, and detail-oriented. One of the best business hacks is to focus on both online and offline networking to attract new clients.
Small Business Coach
Approximately 540,000 businesses start each month in the U.S. Therefore, being a small business coach and working from the comfort of your home is one of the best businesses to start with $10,000. Your clients will include small-business owners, corporate executives, and business managers who want to start or boost their business.
You can do a course in a specific industry such as manufacturing or retail to offer better service to your clients. Your job will be to help business owners with various tasks such as setting up a budget, creating marketing strategies, and business planning.
A self-publishing consulting agency is one of the best businesses to start with $10,000. You can assist authors with both fiction and non-fiction books. You can offer various services to your clients such as editing, proofreading, formatting, designing, marketing, and distribution.
You need to advertise your self-publishing services in various online writing portals. Developing a strong business is all about powerful networking. You must join writing groups and associations to network with potential clients.
If you are thinking about what business can I start with $10,000, check out the prospects of a marketing consultant. Businesses cannot survive without marketing. This is the reason why there is always a demand for good marketing consultants.
If you have good knowledge about marketing, it’s time to convert your skills into a full-fledged business. Your job will include setting a budget, developing marketing plans, advertising and other marketing programs to meet the needs of your clients.
It is one of the most rewarding and best businesses to start with $10,000. You need to market your services through online and offline networking.
Must Read: 15 Most Rewarding Business Ideas for Lawyers and Attorneys
Being an image consultant is one of the best startup businesses under 10K. It is an exciting business idea because you earn money by making people look great. You can help your clients crack a job interview or make a great impression at an event.
Your job will include etiquette training, handshake and posture training, developing communication skills, and wardrobe updating. You can attract plenty of clients through the power of networking. Collaborate with hair and makeup professionals, fitness trainers, and public relations consultants to boost your business.
Non-Medical Home Care
Non-medical home care is one of the most profitable small business ideas to start with $10,000 or less. You need to carry insurance for conducting this business. You can offer various services such as meal preparation, medication reminders, companionship, housekeeping duties, shopping, laundry, and running errands.
Elderly people, new mothers, people with disabilities, and patients recovering from an illness need these services. It is an easy business venture because it needs minimal skill and experience. However, you must be reliable and compassionate.
Interior Decorating Service
Interior decorating is one of the best businesses to start with $10,000. You must have great skills, good tools, and impressive creativity in decoration and design. You must market your services and promote your work on social media.
Furniture Repair Service
If you are quite skilled with woodwork and upholstery, you don’t have to think much about launching your business. Furniture repairing is the best business to start under 10K. Your customers will include property managers, office movers, hotels, restaurants, and business owners.
Bicycle Repair Service
If you are passionate about cycling, you can provide bicycle repair services. It is one of the best businesses to start with $10,000 or less. You need to invest in the right tools.
If you have extra space at your home, you can convert that area into your workshop. You can post advertisements in the newspaper and circulate flyers in the neighborhood to attract customers.
Wedding consulting business is one of the best startup businesses with less than $10,000. Wedding planners are always in demand. They take all the responsibilities of a wedding and ensure that the wedding is a grand affair.
Most working couples hire a wedding planner so that they can enjoy their wedding instead of worrying about budget, decoration, and guests.
Translation business is one of the most rewarding and best businesses to start with $10,000 or less. It is the ideal business for multilingual entrepreneurs.
You can work with international companies or take up projects that you can find online. Invest in a website to showcase your work. You should also invest in some marketing strategies to attract clients.
If you are thinking about what business can be started with under $10,000, you should look at the scope of teaching. You can start your teaching business with minimum investment.
You can teach the subject in which you have a higher degree. If you know music, you can teach music. You need to invest in your teaching space and a website to showcase your work.
Check Out: 8 Money-Spinning Best Home Business Ideas for Pet Lovers
Dog walking is one of the best businesses to start with $10,000 or less. If you love pets, you can start your dog walking business. You must have a pet business insurance in order to start this business.
If you are a wonderful cook, you should convert your culinary skills into a full-fledged business. Catering is one of the best businesses to start with $10,000 or less. You have to prepare delicious meals for various events.
If you can cook multiple meals at once, you should start your catering business. You need to advertise your business to attract customers. You have to invest in the right tools and hire an assistant for help.
Wrapping It Up
These are the 25 best businesses to start with $10,000 or less. When you are thinking to start a business, contemplate about your skills. Try to understand what you are really passionate about.
When you convert your passion into a business, there are higher chances of success. You have to channel your passion and ambition into a business idea that will reward you with good money and job satisfaction.
If you have $10,000, you can start any business that you like. There are plenty of business ideas that you can implement at this budget. Dedication, hard work, and networking are the top three business hacks that you must keep in mind.