It’s easy to start your own inexpensive small business in today’s digital economy. Here are some businesses that utilize resources you likely already have.
Ride Share Driver
If you already own a car, you can become a ride share driver. Companies like Uber and Lyft do all of the heavy lifting for you. All you have to do is sign up and start driving.
Don’t set up your business before you talk to an accountant or you could end up paying too much in taxes. Schedule a no-obligation consultation with an expert from 1-800Accountant.
Consulting
Consulting is the original inexpensive small business. If you are an expert in a certain subject and want to advise other individuals or companies, you can launch your own consulting business. All you need are business cards and a website to market yourself.
Ecommerce Website Sales
Thanks to companies like eBay and Amazon, anybody can start selling online. You can start by listing items that you already own, or list items from family members to sell online. Reinvest the profits in other niche products. You can also sell online by drop shipping so you don’t have to invest in inventory. You sell products online, collect payments, pay the supplier and the suppliers ship the products.
Dog Training, Sitting or Walking
If you are a pet lover, you can put that to good use. You can help others train their pets, you can pet sit or you can even walk their pets.
Managing Social Media
If you already use social media with friends and family, start a business to manage another person’s or business’ social media presence to promote their business or products/services.
Tutoring
If you are knowledgeable in certain academic subjects – like the SAT or ACT exams – you can market yourself as a tutor. You can use websites like Tutor or Wysant. These are great places to connect with potential students on academic subjects as well as a wider range of subjects – such as cooking, singing, sports, etc.
Cleaning Service
Using your own cleaning supplies and equipment, you can start you own cleaning business. Once you’ve had some time to make some money, you can reinvest your profits to hire other independent workers to expand your business.
Virtual Assistant
Using your own phone, internet and computer, you can start your own business as a Virtual assistant. You can do various work for others – like research, website design, managing social media, writing, editing, report preparation, etc. Some popular websites for Virtual Assistants include: TaskRabbit, Fiverr, Upwork and Handy.
