There are several steps you can take to improve your financial life. Starting a side business is one of the best decisions you can take to make your future secure.
Starting a business is normally associated with acquiring assets, building, employees, factory, massive marketing budget, or bank loans. This isn’t the case. In fact, there is little to no association of expensive equipment and assets to a business.
In reality, you can start a business in as low as $100. Yes, if you have $100 in your savings account, you can start a side business and can eventually transform it into a full-time business in future.
It is no joke.
Dr. Ben did it. He took his side business from $0 to $600K in one year along with his full-time day job. He turned his $2200 side business into a $1 million e-commerce store.
There is always room for growth. So what’s stopping you from starting a side business?
If you have $100 or less, following 10 side business ideas will help you make the best use of it.
Here is what you need to do:
- Buy a domain name ($15 or less for a year)
- Buy a hosting plan (under $10 per month)
- Choose a free WordPress theme
- Start publishing content
- Monetize your blog when you start getting traffic
A blog won’t pay you right away. It might take a few months but when it does, you have to quit your job because bloggers earn a lot.
You just have to wait for it.
You can choose to be a writer, a designer, a virtual assistant, Excel expert, accountant, or whatever you like. There are several things you can do on a freelancing site.
Here is the best part, you don’t need money to get started.
Parents always need babysitters. This is the reason there are several babysitting communities like Urbansitter where you can register yourself as a babysitter.
Besides, you can offer babysitting services to your neighbors, friends, and people you know. This happens to be a good starting point. No marketing needed. It just works everywhere.
5. Logo design
It won’t cost more than $100.
You can offer logo designing services on freelancing sites, look for opportunities on Craigslist, or you can contact small businesses that don’t have a logo yet.
There are several ways to sell your logo design services because every business needs a logo.
6. YouTube channel
You don’t need a DSLR or expensive equipment to create videos, you can use your smartphone.
In order to make it work, choose a niche or a specific topic for your channel. Better yet, stick to your hobby. Don’t create videos for the sake of earning money rather try educating people.
For instance, you can create videos of local attractions.
There are people out there who are doing exceptionally well on YouTube. Kelly Porter and Nick Johnson run a channel Sailing Satori. In six months, they have grown their channel from nowhere to well over 13K subscribers.
7. Green cleaning
Green cleaning makes you stand out from the crowd and makes selling a piece of cake. Start offering services to your neighbors, colleagues, and friends.
Later, you can find new local clients by promoting your business on Facebook and Craigslist. You can also use Care to offer your services.
8. Distribute flyers
The challenge is finding these types of jobs. Fiverr and Craigslist are the two best places to start from. You can create a gig on Fiverr, set your own location, and rate. There are people already doing it on Fiverr and they get a decent number of orders.
Craigslist is where local businesses post jobs for flyer distribution.
You can also offer your services to small local businesses in your area. It is highly unlikely they will reject it. Businesses love marketing.
9. Social media manager
Businesses need social media managers to run their social media accounts. If you spend a lot of time on social networks, why not monetize it?
It is a great side business idea for those who cannot resist using their favorite social network. All you have to do is contact small businesses that you follow and know a lot about and offer them your services.
You can also use freelancing sites to find relevant jobs.
10. Create memes
Creating a meme is free.
Get started now.
Starting a side business isn’t just extremely cost-effective but it is fun. You can have it all set up in a day. Once you have it up and running, stick with it.
Next time when you’re about to spend $100, think of all these side business ideas.
Author Bio: Sabih Javed is a digital marketer who helps businesses improve digital marketing CRO and ROI. He is the founder of Digital Marketer PK, a blog dedicated to awesome digital marketing content. Follow him on Twitter.