Entrepreneurship is on everyone’s mind nowadays — but the impediment for many aspiring entrepreneurs is the lack of startup capital. For those who lack capital, here are five businesses that can be started with less than $100.
Don’t outright reject this option because it seems old-fashioned. One of the good things is that with the advancement of technology, one can tutor from the comfort of their own home. Different online tutoring platforms make it possible for tutors to get paid for their knowledge and experiences. Tutor.com is one of the most popular tutoring sites because not only can it be used on a mobile platform but students can also get help on pretty much every subject plus with their homework. Another great site is Happytutors.com, which allows a tutor to search nationwide for parents and students who are looking to hire someone to assist in a particular subject.
2. Pet sitting
Let’s be honest — we all know someone or a few people who love their pets. The pet industry is a multimillion-dollar business, so why not cash in on it? Nowadays, people may not want to travel with their pets and family members may not want to keep them — so someone has to step up to watch over them. That’s when a pet sitter comes into play. Such sites as The National Association of Professional Pet Sitters sets the industry standard for pet sitting as well as focusing on the welfare of all animals. An overnight pet-sitting job can cost $100 or even a $20 hourly rate for a quick visit. If done right, this hobby can turn into a full-blown business with employees and subcontractors.
3. Taxi service
This is an easy sell, especially with such companies as Uber and Lyft that make is easy for people to make money with their own vehicles. A person can start to make money using their own vehicle as long as they can pass all the initial background checks and be in possession of a smartphone.
4. Cleaning service
This is probably the easiest startup business on the list. You can start this business by using the cleaning products that you use in your own house and then upgrade to professional, specialized equipment for larger clients and jobs. This is one business that can definitely grow into something big by gaining reputable clients and large clients. Many large cleaning service companies started small and grew into something bigger over time. Just think, for under a $100 you can have a cleaning service up and running that will generate you a few hundred dollars a month.
5. Homemade soaps
Want a project that can potentially turn from a hobby into a moneymaking business? Homemade specialty soaps are perfect for the follow-the-directions type of person. Online soapmaking tutorials can teach a person from start to finish exactly how to create specialty soaps. A basic soap mold can be purchased online for $20 from sites such as Amazon. Once the mold is purchased — figure out what type of ingredients you are trying to use based on the niche market that you are looking to target. In this day and age, everyone is looking to use something natural, especially when it pertains to products that are being used on the body.