Let’s start with something fun and creative. here are some great business ideas you can start with $100 and earn $1000 monthly using these business ideas
The events of 2020 have forced all of us to be more flexible and creative with the way we work. But that’s not necessarily a bad thing. For Entrepreneurs, this has given us a shake-up and made us think even further outside the box.
There are many things we could take on as a new business, either full-time or as a side hustle.
But what about if you need to start with virtually nothing? Well, there are plenty of ventures that you can start for under $100. Almost anything is possible, so let’s take a look at some workable ideas
Business ideas for the creatives
Let’s start with something fun and creative. There are many ways to sell physical products online. With traditional eCommerce, your big upfront expense is stock. In most cases, this would rule an eCommerce business out of our under £100 category.
- Selling your own arts and crafts on Etsy
- Affiliate marketing other people’s products via your blog, vlog, or social media
- Sourcing and selling vintage clothes on Vinted, Etsy, or eBay
With these options, your costs are going to be firstly platform fees, which are very small. You might also choose to spend your budget on some social media marketing to boost your exposure.
Business ideas for the experts
If you have knowledge in a particular industry or have training in coaching or mentoring, then positioning yourself as an expert can allow you to sell your services. You could offer single sessions of consulting or a package of coaching or mentoring to people who need your help.
Tutoring students is also going to be popular in the coming years, as young people everywhere have missed so much school. If you have a qualification that you can use to teach a certain subject, or you speak a popular second language, then this could be a good option too.
As a coach, consultant, tutor, or mentor, your main expense will likely be your website. You can get set up using a service like Wix very cheaply. You will also want to brand yourself to start out with a professional look that inspires trust.
Simply pick a template in Wix, then customize the colors and fonts to your own choice. Don’t forget to upload your new logo to your website, and use it across all of your online assets, from your email marketing to your booking form.
You can set up your email marketing for free using a service like Mailchimp. For client bookings, Calendly is a good choice, and it is also free to get started with.
Business ideas for remote working
If you are a fan of the new way of working from home, then you might want to find a way to stick with it.
Using sites like Fiverr and Upwork, you can sell your skills as a freelancer to businesses all over the world. This is great for people with skills in marketing, content writing, social media management, computer coding, SEO, bookkeeping, VA work, and so much more.
There are new freelancing platforms popping up all the time, as people with these skills and a flexible approach to working are in demand. Your start-up costs are going to be monthly platform fees, and maybe just a bit of your time preparing a portfolio and references to help you get work.
Business ideas for local trade
If lockdown made you crave the real world again, then perhaps a small local business would be more for you.
Setting yourself up locally as a childminder or a pet sitter usually requires only some safety checks (DBS) and a first aid qualification, for either infants or for cats and dogs. Good insurance is of course worth looking into as well.
Apply for your basic DBS check directly via the government website, which costs £25. Don’t Google search it, as there are many online agencies that will charge you a higher rate to handle your application, and you don’t need that.
Alternatively, if you want to cat sit only, you could try joining a service like Cat in a Flat. They have no upfront fees to join as a sitter. They will accept your DBS check remotely with a photo ID, and no pet first aid training is required. They provide the insurance, and in return, they take a small fee from your earnings.
But you only pay if you work, so you can’t lose out.
You could also set up a cleaning, laundry, or gardening service in your local area. As people prepare to go back to their office jobs in the city, there will be houses left empty again. So cleaners, housekeepers, and dog walkers are likely to be in demand again soon.
If 2020 left you wondering what to do next, then I hope this gave you some hope. There is so much more possibility out there than we often think. It is just a matter of deciding on something that suits you, and then getting started.
Above all, remember that starting something new doesn’t have to cost you very much. You can begin with under £100, and if you commit to your new business, it can grow into something bigger and long-term, if that’s what you want.
May Maxwell is quite vast and has built a career in sales. She is now a full-time freelance writer. Her hobbies include taking care of her dog and running a doggy daycare.