Most people think you can’t start a business if you don’t have thousands of dollars to invest. But in reality, you don’t always need a lot of money to get your business up and running.
What’s more important to have is a solid plan, the right combination of skills, and good marketing knowledge to set up and grow your business. If you have that, you can start your venture with less than even $100 in your pocket.
Don’t trust me? Here are a few highly profitable businesses to start at less than $100.
Blogging is one of the most popular ways of making money online. The best thing about blogging for business is that, unlike in other businesses, blogging doesn’t need you to invest a lot of money right in the beginning.
That’s because you don’t need a lot of resources to start blogging. All you need is a web hosting service where you can host your blog and a good domain name. If you’re not sure what name to choose for your blog, you can use free blog name generators like Nameboy.
Once you find a name, just look for its availability. If it’s not taken, you can get it by paying the amount it’s listed for. While the price of your domain can vary, there are web hostings that you can get for just $2.75/month.
You can also start a blog for free if you want by using a free platform like WordPress or Wix. But the problem with these free platforms is the limitation it imposes in terms of your website address, design, and, most importantly, its monetization options.
For example, if you are using the free WordPress platform, your website address will be something like yoursite.wordpress.com. But by choosing a premium web hosting service and a domain name, your website address can look like yoursite.com. Apart from that, you also get to be more flexible in terms of its appearance, making it look more professional.
And because it’s going to be a blogging business, you don’t want to limit your monetization options by opting for a free platform. So even if you can start a blog for free, if you want to make money from it, choosing the free option isn’t advisable.
2. SEO Consultant
Many people start blogging simply because of how easy it is to get started. But with time, they start realizing that setting up a professional blog that makes money isn’t easy without the proper knowledge of SEO. That’s when they look for SEO specialists.
These SEO specialists help them optimize their blog or website to make it appear in the top search results of Google. But not everyone knows how to do it effectively. From doing solid keyword research to optimizing your page speed, the process involves various technical and non-technical steps.
If you are someone who knows how to optimize websites for search engines, you can start your own SEO consultant business. Just like blogging, becoming an SEO consultant doesn’t need a lot of investment.
All you need to get started is a strong online portfolio, and you’re ready to get started. For that, again, you need a web hosting service and a domain name. If you don’t want to set up a portfolio right away, you can create an About.me page for free and use it as your portfolio.
This means that you can start your SEO consulting business with $0 in your pocket.
As more and more businesses are going online, the need for good content is on the rise too. Digital marketers and business owners are constantly looking for copywriters who can create great content for their websites.
So if you have a flair for writing, why not combine it with some copywriting skills to start a writing business of your own. You can start looking for clients on different job boards or platforms like Linkedin, Twitter, and Facebook. You can even do some cold pitching if you want. This will need $0 to get started.
But if you want to appear more professional, then you need to create a portfolio that showcases your published work, a few words of appreciation from your clients, and a bit of your sample work from different categories to validate your skills. As mentioned before, creating a portfolio will cost you some money. But it shouldn’t exceed any more than $40 depending on the cost of your domain name and your web hosting plan.
4. Logo Design
Logo designing is another business that you can start at less than $100. One of the key elements that every business needs to mark their brand identity is a professional-looking logo.
While there are various free tools that can generate a free logo for businesses, the problem with such a logo is its lack of uniqueness and originality. That’s why many people hire professional designers who can create a logo that not only stands out but one that can make an impact.
If you, too, have some good designing skills, you can start your own logo designing business. Just like being an SEO consultant, as a logo designer too, you need to create a portfolio to show off your designing skills. Add a great bio and add some credentials with a few testimonials from your clients, and you’re good to go.
In the world of digital media, there are so many profitable businesses that can be started without a huge capital. The internet has advanced so much that today you can do almost everything online. So if you’re smart enough, you can get your business started with just a domain name and a hosting service, which will cost you a pocket-friendly price of less than $100. All you need is a great plan and a solid strategy to make your plan work out, and you’re good to go.
Read more: Online Businesses to Start Right Now