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Looking for ideas when starting a business? There’s a lot to consider, and some of it can be surprisingly expensive to start. After all, startups require plenty of capital to get off their feet, and it’s crucial to have extra to ensure that you have enough resources to eventually break even.
However, just because starting a company is often seen as expensive does not mean that you can’t explore your options. Some business ideas are below the thousand-dollar mark — even including crucial aspects such as insurance for your business. Here are some of the best business ideas under the thousand-dollar mark.
Freelance options for creatives
For example, let’s say you want to get started as a digital artist. There are many different ways to get the job done, though it’s crucial to start strong so you don’t have to worry about purchasing extra equipment. Going for a professional graphics tablet will not run so much money that it breaks the bank. After that, everything else involves learning how to hone your craft with the tablet and purchasing various programs, which will likely still be well under a thousand dollars.
Other freelance options, such as writing and blogging, will cost even less, as all you have to do is consider your website. It’s an excellent way to get started as an entrepreneur, offering all sorts of options for those that might not have enough of a budget for typical startup management.
Social media management
Those who are willing to deep dive into the world of social media will find that online reputation management (ORM) is quite possible under the thousand-dollar mark. However, many companies out there need the help of a skilled professional, especially when it comes to social media.
Fortunately, you can grow your skills while simultaneously gathering more support by focusing on your niche. Social media management might seem like a tall order for some, but those who commit to a specific niche can make things easier. For example, something as simple as focusing on makeup artists, hairdressers, and more can effectively narrow the playing field.
Tutoring for music, art, and language
There’s a saying that goes: if you’re good at something, don’t do it for free. If you’ve already built a creative talent in the form of music, art, or even language, there’s an opportunity to start a business through online lessons. It’s an age of convenience and accessibility, which means those with the knowledge and experience to teach others will find plenty of success with online tutoring. While such a thing might not be everyone’s cup of tea, it’s a great way to start a business and one that will undoubtedly expand as it goes. Language, in particular, is something that you can easily teach from home.
There are many business ideas under a thousand dollars, and it can be surprisingly easy to get a home-based business off the ground. That said, it’s not achievable without the necessary commitment. However, those willing to work hard won’t have to make such a sizable investment to get their start.
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