When you think of starting a business, you think of big start-up costs, capital, investing, marketing, etc. It’s intimidating and seemingly impossible, right? Actually, you don’t need any of those things! There are many businesses that you can start right now for under $100. These businesses might not make you a millionaire overnight, but they can be profitable and provide a great sense of fulfillment. In this blog, we will explore eleven different business ideas that you can start for under $100. We will also give you some tips on marketing your low-cost business. Whether you’re looking for a part-time side hustle or a full-time gig, we’ve got you covered!
Online Businesses You Can Start for Under $100
If you’re looking to start a business with limited resources, starting an online business is a fantastic option! The internet has made it possible for businesses to reach customers all over the world. This means your potential customer base is “virtually” limitless (see what we did there). As technology continues to advance, so do the opportunities available in the online world. Here are five online businesses you can start right now for under $100:
Dropshipping – This type of business allows you to run an online store without actually having to store or handle any inventory. Instead, you partner with suppliers or manufacturers who take care of storing, packing, and shipping the products directly to your customers. As a drop shipper, your primary focus would be on building and promoting your online store, selecting products that appeal to your target audience, and providing excellent customer service.
Affiliate Marketing – Affiliate marketing involves promoting products and earning commissions from sales. You don’t keep inventory, making it an excellent low-cost option. Typically, affiliates utilize various online channels, such as websites, blogs, social media platforms, or email lists, to reach and engage with their audiences. They incorporate special affiliate links provided by the company, which track your referrals.
Social Media Management – Many businesses want to grow their online presence, and social media management is becoming more critical. You can offer your skills to help set up and grow their accounts, create content, and manage their social media presence.
Content Writing – If you have a keen eye for detail and are good at writing, there is a high demand for content writers. Many companies and websites need compelling content that captures the reader’s attention, provides value, and drives sales. With a laptop and internet connection, you can start your business as a content writer for under $100.
Virtual Assistant Services – Virtual assistants provide various administrative services, from scheduling appointments and managing emails to bookkeeping. This type of online business has an extensive pool of potential clients, and all you need is a laptop and an internet connection.
Offline Businesses You Can Start for Under $100
You don’t have to have an internet connection to start a business. Creating an offline business requires more physical effort and face-to-face interaction, but it can be just as profitable as starting an online one. Here are five offline businesses you can start for under $100:
Car Detailing – People always need their cars cleaned, and starting a car detailing business can be profitable with just a few supplies and some marketing effort.
Pet Grooming – Pet owners want the best for their furry friends and are willing to pay for grooming services. By purchasing a few grooming supplies, you can start offering services to your local neighborhood.
Cleaning Services – Starting a cleaning service can be an excellent option for those who enjoy cleaning and are looking to make some extra money. Advertise your services and offer competitive rates to your local community.
Babysitting Service – People are always looking for babysitting services. If you like playing with kids, then offer your services as a reliable and responsible babysitter in your community.
Tutoring – Tutoring can be a fantastic option if you have a skill like math, writing, or language. You can offer your services locally by advertising in neighborhood parks and community centers.
*Remember to research local regulations and obtain any necessary licenses or permits.
Taking Online Paid Surveys for Money
We couldn’t write a list of businesses you can start for under $100 without adding online surveys for money. This is a great side hustle that can be an additional side business or even help you generate funds for another new business.
The best way to make a business out of taking surveys for cash is by finding the best paid survey platform. We suggest starting with Branded Surveys. Thousands of members have been getting paid to take surveys since 2012 and have garnered a ton of positive feedback along the way. With thousands of excellent ratings from satisfied customers, it’s clear that Branded takes its reputation seriously. And it’s not just about having a trustworthy website – they also provide fantastic perks to their members! Whether you’re looking to earn some extra cash via PayPal or get Amazon gift cards, Branded Surveys has you covered. And with hundreds of other options available from various businesses and services across the country, there’s something for everyone!
Marketing Your Low-cost Business
Marketing is a crucial part of any successful business. And you can successfully promote your business without breaking the bank. Here are some effective marketing tactics for your low-cost business:
Leverage Social Media – Social media platforms such as Facebook, Twitter, and Instagram are free to use and allow you to reach a broad audience. Post engaging content, interact with your followers, and run targeted ads to promote your business.
Network – Attend local events, join networking groups, and connect with other entrepreneurs. Building relationships with other business owners can lead to referrals, collaborations, and partnerships.
Offer Promotions – Discount codes, free trials, and referral programs can attract new customers and encourage repeat business. It’s a low-cost way to incentivize people to try your products or services.
Create content – Writing blog posts, creating videos, and producing podcasts that provide valuable information to your target audience can help establish you as an expert in your field. This can lead to increased brand recognition and customer trust.
Utilize Email Marketing – Email marketing remains one of the most effective marketing channels. Use email to share updates, promotions, and industry news with your subscribers.
Online Communities and Forums: Participate in relevant online communities and forums where your target audience hangs out. Provide helpful insights, answer questions, and share your expertise while subtly promoting your business.
Referral Programs: Motivate existing clients to recommend your company to their friends and family by providing rewards or discounts for successful referrals.
Search Engine Optimization (SEO): Optimize your website’s content with relevant keywords, meta tags, and descriptive titles to improve its visibility in search engine results.
Online Reviews: Encourage satisfied customers to leave positive reviews on platforms like Google, Yelp, or industry-specific review sites. Positive reviews can boost your reputation and attract new customers.
Online Directories: List your business on free online directories and review sites like Google My Business, Yelp, or Yellow Pages to improve your online visibility.
Starting a business does not always require a large investment. With perseverance and a bit of knowledge, anyone can start a successful business with under $100. The key is to be creative, resourceful, and willing to put in the effort to make your business succeed. And by marketing often and well, you can grow and expand your business in exciting new ways. So, don’t let a lack of funds hold you back from pursuing your entrepreneurial dreams. Start a business for under $100 right now.