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Low or No Cost Small Business Ideas

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I'm just in search of sustainable and legitimate ways for multiple income streams. I believe that sharing positively brings positivity.

Quality Business

Quality Business

Introduction

Well, you’re in luck because here are quality business ideas that you can start with zero dollars.

This can work if you put in some hard work although there are some risks associated with starting a business. But as financial principles state ”higher the risk higher the return”.

So you should speak to an attorney in your area to understand all the local laws and regulations to take over your business idea with caution.

Abandoned cars Market

Abandoned cars Market

1. Take Ownership of Abandoned Property

Findings of valuables like abandoned automobiles that people are trying to get rid of, take them for free, and then sell them.

Now, this might sound really difficult but it is actually a lot easier than you think.

Tons of professionals and other people who don’t have the time to go through the annoyance of selling their used property and valuables.

Used TVs or furniture which is pretty valuable stuff and instead of selling it in secondary market they put it on for the garbageman to take away.

If you want to find a gold mine you can go to the college campus at the end of the year and you will see tons of people that are moving out of the dorms and they would be throwing away lamps, furniture, and dresses for a very low price or no price at all.

You can take these things and sell them to low-income college kids.

You might be wondering that “is that even legal”. You should always check the local laws and regulations for compliance rules.

But in general, when somebody takes something and puts it on the curb to be turned away, it’s considered abandoned property and anybody can take it.

2. How to Start an Event Planning Business with No Money?

To start event planning one needs to research event planning.

What you can do is that you can go to local restaurants, cafes, or other outlets in your area and ask them if you could host a show, event, or a party.

If you can convince the owner/manager of the platform. They’re going to make a whole bunch of money by selling food, drinks, or whatever in your event.

You are going to make some money by charging an entrance fee from everybody that comes inside your event. It could be a musical night or an art display etc.

If you can get 100 people to come and you charge them $10 a person then you can make $1000 in one night.

This is where it is super important to learn how to sell, talk, and presentation. Then if you can bring a DJ willing to work for a percentage. It can turn out to be a great starter.

Event Planning Guide

Event Planning Guide

3. Custom T-Shirts

T-shirt selling businesses have probably seen demand in every single organization, club, group, team, etc. Because it's a norm to gift T-shirts to the members for the representation of the team.

People own the organization from which they earn bread and butter. Hence the T-Shirt with the name of there favorite organization makes them cool and differentiated.

When I was in college I noticed that a lot of organizations find these T-shirts from retailers who charged a lot of money.

One can Google and discover some online T-shirt manufacturers who can print the same T-shirts at a lower price.

Find and contact the organizations which are looking for custom T-Shirts and ask for the designs and make the exact same T-shirt that they want at a lower price within two weeks or less.

The value proposition of your business can be that “hey I can give you the shirt for an amount lower than the market”.

That’s what makes you a profit and a win-win situation for you and your customers.

Other Graphic Design Opportunities

- Logos

- Display ads

- Brochures

- Flyers

- Hero images

- Infographics

- Instagram graphics

Free Social Networking Tools

Free Social Networking Tools

4. Social Media Marketing

Many businesses don’t have any sort of Internet presence, website, or any social media.

Long story short helps such businesses get online and in return, they can give you benefits in cash or kind. It can’t be done with free social media marketing tools available on the Internet.

99 percent of people won’t understand why they need online existence and they will tell you to go away because they’re doing just fine.

This is why you need to be a creative person and you gotta do is start talking to business owners and get to know them.

If you are just walking around with business cards left and right, the cards will just end up in the garbage.

So, tell them that you have a marketing business and help them out by giving them a one month free trial of your business and then see where it goes.

If you do a good job by doing the one-month free trial then a percentage of people that are asking for your marketing services will want to pay you to continue working with you.

Services that you can do for people in your neighborhood and these services won't cost you a dollar to start.

a. Tutor the Neighborhood Kids:

By going to people's doors and let them know that you’re starting this business and that you live on the same street.

This will build credibility to help you get more clients,

  • Yes, it is very hard.
  • Yes, it will take time.
  • Yes, you will get rejected by a lot of people.

I know you will not make a ton of money sorted tomorrow, you have to decide if that’s the reason why you are going to give up or if that’s the reason why you are going to become tougher and be a better entrepreneur and go out and make it happen.

With a small amount of hard work, you can earn a lot of money.

b. Etsy shop: It a popular online marketplace that hosts thousands of retailers and larger producers, like the highly-rated Wildflower, selling jewelry, patches, and DIY merchandise.

Starting the Etsy shop is incredibly affordable and joining it is free to start a shop.

c. Travelling Consultant: Travel Enthusiasts can't imagine life without travel. If you are one of those people and you spend hours planning trips.

If you know how to get the best deals and would love to share your passion for traveling, then why not become a travel consultant? (80 Startup Business Ideas That Can Make You Money: 2019 Edition, 2020)

Upgrade Reminders

Upgrade Reminders

Trending Modern Small Business Industries

c. Working space: I don’t know if you live in a big city like New York etc where many people struggle to find the right place to work and where Starbucks is pretty commonplace to work from like a lot of people bring the laptop but most of them don’t like the coffee machine sound.

In distress, many people don't like people walking around all the time. There are so many factors to distract you. I wouldn’t mind paying out to Starbucks for coffee and working space though.

What people do they want an apartment converted into working space just for friends and they come and work there for a small amount of rent.

There is definitely a problem with finding the right place to work out of especially because a lot of people are starting to work from home and there are so many people that just don’t want to stay at home for 24 hours a day. This is the reason why co-working space is a great opportunity to earn some extra cash.

The next one of the most prospering industry for the business is men’s cosmetics. This is really growing worldwide quite fast and its size in the US only is 3.4 Billion Dollars.

39% of men in America have a beard and this is the whole thing. Razors, cream, etc.

If you’re already in the cosmetics business that's even better.

d. Reusable Bags

The next idea is of the reusable bags and many countries have run campaigns to stop using plastic glasses and plastic ceramics.

Governments globally are reminding people to be mindful. Finland is a great example and a lot needs to be done for nature preservation.

They do a lot of recycling in the US, California is an extraordinary example because one cannot get a free bag when you do your groceries and they charge for a degradable bag.

You pay money to get a bag and people are encouraged to bring their reusable bags for shopping.

It's a great opportunity because you can make reusable bags stylish. So one wouldn’t need to carry a standard bag and will just take a reusable bag.

This would be amazing but this is a huge business opportunity right now and I see a lot of people doing it.

You can look for an opportunity in your local market as well because I think this market is underdeveloped in a lot of countries.

Business Ideas With Almost Zero Startup Costs

1. Content creation

2. Personal or virtual assistant

3. Event Reviewer/Professional reviewer

4. Online courses and tutoring

5. Translation service

6. Music lessons

7. Bookkeeping services

8. Affiliate marketing

9. eBay seller

10. Vlogger or blogger

Conclusion

So these startup ideas can make you money! With such a wide range of choices that span across different market segments, I hope this will help you in finding a startup and turn it into a money-making machine for you and your family.

Small Businesses Covid 19

Bibliography

1. 2020. 25 Low-Cost Business Ideas. [online] Business News Daily. Available at: <https://www.businessnewsdaily.com> [Accessed 5 August 2020].

2. Bootstrapping Ecommerce. 2020. 80 Startup Business Ideas That Can Make You Money: 2019 Edition. [online] Available at: <https://bootstrappingecommerce.com> [Accessed 5 August 2020].

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2020 Mohsin

Share Your Startups

Perfect Imperfections on November 02, 2020:

Detailed and informative.

Elaine on October 24, 2020:

Very helpful info.

Charmy on October 14, 2020:

Nice really helpfl

Next Door Kitchen from Australia on September 21, 2020:

Open your own business through the Next Door Kitchen platform and begin to sell your home-cooked meals to your fellow community members. Create your own custom menu, list the days of the week that you’ll offer your meals, and tell the world just who you really are. Tell your story, share your recommendations, and don’t forget to share pictures of your dishes!

https://nextdoorkitchen.com.au/

Mikaela on September 18, 2020:

Really amazing article. Thanks for sharing