Best Businesses You Can Start for Under $1,000
Best Businesses You Can Start for Under $1,000. Starting a business takes time, hard work and, of course, money. But it doesn’t have to cost much.
According to Gallup, more than half of U.S. workers are “actively disengaged” in their roles, and Nielsen reports that the average household watches almost eight hours of television per day. That’s a lot of time and focus that could be invested in building a successful, rewarding new career instead. Anyone with ambition and an idea can grow a business at home. A small investment can cover the essential tools required to get started, laying the foundation for what may develop into a successful enterprise. Each of the businesses listed below can be launched around your day job and with an initial outlay of $1,000 or less.
Tech Support
The proliferation of cloud computing means more businesses require technical support than ever before. Small enterprises on tight budgets often struggle to afford in-house specialists and outsource their support instead. This presents an opportunity. Experience in a tech role, knowledge of cutting-edge systems and fast problem-solving skills are crucial for starting a tech-support business. Assistance may be delivered virtually (by phone, Skype, etc.) or in person. Tech-support specialists earn $18.54 per hour on average, according to PayScale.
Software Development
Creating software programs is one of the most demanding business ideas on this list, but with the proper skills, experience and equipment, it can evolve into a rewarding career. In-depth knowledge of software architecture and access to such tools as Sketch and GitHub are essential. Software development demands a solid computer, too. Macs are a common choice for software specialists, but investing in one could put you beyond the $1,000 budget. Make the most of what’s available and purchase the best software compatible with your current system. Software developers earn $27.83 per hour on average.
Business Planning
Securing financial support for a startup can be a challenge for budding entrepreneurs, especially those with no experience. This is where business planning comes in. Experts create comprehensive, unique plans for any small enterprise. These ensure applications for funding appear professional and well-considered. This business requires experience writing successful plans and an ability to convey why the client is a viable investment for lenders. Business planners earn $18.26 per hour on average.
Freelance Writing
Setting up a freelance writing business is fairly cost-effective. A laptop, a good writing program (many of which are free, such as Google Docs or OpenOffice) and an account on a platform like Freelancer or Upwork are enough to get started. Years of experience and qualifications (such as a degree in journalism or literature) are helpful but not required. All you really need is a good command of the English language and a willingness to go out looking for jobs. Writing journalistic pieces (for sites covering news, entertainment, etc.) is tougher than writing for companies, but possible. Anyone starting a freelance writing business is best focusing on creating blog posts, articles, press releases, sales copy, case studies and whitepapers. Companies of all sizes rely on quality content, so there’s work available for reliable freelancers. The average hourly rate is $22.70.
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Read more: https://www.entrepreneur.com/article/340514