The article puts together a list of low investment businesses that can be started with a minimal startup cost - as low as $1,000. Though the listed businesses are low investment, it does not mean that they cannot be expanded into large scale operations which could earn millions.
Why Home Based Business?
With the global recession, many people have lost their jobs and are looking for self employment opportunities. People today are considering starting their own home based businesses. This would also give them the opportunity to have multiple careers at a single point of time. Read on to find the right low cost home based business which would also suit your budget constraints.
List of Low Cost Home Based Businesses
- Consulting: This business may need some experience and training, but is always in demand. If you are an expert in any field like law, accounting, marketing, technology, etc., choose to be a consultant. This business might not require a large start up cost, but it would require a strong social network.
- Financial Planner: This business would need technical expertise and licensing like Certified Financial
Planner (CFP) or similar qualifications that would qualify you with the necessary expertise and credibility to advice clients.
- Contractors: With rough economic times, many big organizations are hiring contractors on a short-term basis. This is because contractors are not required to be trained by the company and do not get any employment benefits, which saves the organization lots of money.
- Online Advertising: Emergence of the Internet has opened up many business arenas. One such business is advertising for other companies through blogs, newsletters, traffic direction, and email. Use social networking sites like Facebook and Orkut or blog sites like WordPress to network and advertise the company’s products and services.
- Editorial Services: These services can be provided from the comfort of your house. Editorial services include copyediting, proofreading, indexing, developmental editing, book doctoring, ghost writing, magazine article writing, and web site content writing. All you need is a computer with an Internet connection and writing skills.
- Web Site Developer and Designer: This is the age of the Internet! Web site creation, development, and designing can turn out to be a great source of income.
- Information Technology Services: Nowadays, almost every second person in the world uses a computer. Thus, a business that offers value-added services like software deployment, network infrastructure, security and privacy, communication services, etc. is sure to excel.
- Event Management: This type of business would require you to network with many other businesses like property owners, decorating services, caterers, etc. Starting this type of business would involve you organizing events for clients from scratch to end.
Read on to the next page for more low cost business startup ideas that require less than $1,000 initial investment.