It seems everyone wants to launch a side hustle/business, but they don’t want to spend a lot of money. Let’s face it, starting a business is very risky, and part of that risk typically involves money. The good news is, is it doesn’t have to be expensive. In fact, you can start a business for $50 or under in today’s day and age.
Social media agencies, pet related services, and online teaching/tutoring are three businesses that you can get started with $50 or under. Writing services, and errand services are two other great choices.
With that said, let’s dive into a little more details about those five types of businesses you can start for $50 or under.
1. Social Media Agency
If you don’t have a computer and internet, then your costs will be much more than $50. If you have basic equipment such as those, then you could very well get started with $50 or under.
As a social media agency, you can offer an array of services to clients. Popular services include:
. Social media management
. Content creation
. Cold messaging
. Interacting with relevant pages (kind of like cold calling)
. Improve presence on social media
Those are only a handful of services you can offer as a social media agency. Remember, you can start small and try to get a handful of clients. Afterwards, you can take your money and reinvest it back into the business. You might be surprised at how fast you can get the ball rolling once you get your very first client.
2. Online Teaching/Courses
Technically this can fall into two businesses. You can start a tutoring business or you can publish online courses on topics you’re knowledgeable or passionate about. It’s really up to you on what route you should take.
As a tutor you can provide your services to any student who might want extra help. Realistically, this is one of the cheapest businesses out of the five you can start. All you really need is a platform like Zoom to connect with people who hire you.
Be prepared to do a bit of marketing because the chances are slim prospective students aren’t just going to stumble upon you. Here’s a tip, try to focus on marketing your services on Facebook. Join groups, launch a page for your business and just try to locate people who might want to use a tutor. Eventually you could land students on a regular basis.
Personally, I would launch a course on a platform like Udemy. It’s relatively easy to get a course launched on there, and putting together a course isn’t actually that difficult. The first course might be challenging, but it gets easier and easier as time goes by.
3. Pet Related Services
Do you enjoy being around animals? This might sound cliché, but offering pet services is a great business you can start for $50 or under. Popular services include:
. Walking pets
. Feeding pets
. Sitting pets
You can start off by offering one or two services. You can even offer all four of those services, and then-some. Once you find out what services are popular, then you can focus more on marketing them to pet owners.
If I were to launch a pet service, I would offer dog walking and dog/cat feeding services. I would create a ton of content around those services to get my website (hopefully) ranked in the search engines. But everyone is different.
4. Errand Service
Sure, you can join Instacart, Uber and TaskRabbit, but why not start your own errand service. Launch a website, buy a domain name, and market the heck out of it. Before you do those things, decide what errands you’ll be offering to do for clients. Popular runs include:
Start with those three services. As you make money, put it back into it. And then you can decide whether or not to offer more errand services to your clients.
5. Writing Business
Writing businesses are awesome. Getting started for $50 or under is definitely possible. Decide what kind of articles you’re willing to create for businesses, and then reach out to prospective clients via social media. If cold contacting people isn’t your thing, then start a website, as well as social media pages for your writing business.
There’s a lot of competition out there in the writing world. However, once you gain traction you might be surprised at how far you can take a writing business.
Conclusion: There Are Businesses You Can Start For $50 Or Under
The truth is starting a business doesn’t have to cost an arm and a leg. With $50 or less, you can get started with a variety of businesses, including social media agencies, pet-related services, online teaching/tutoring, writing services, and errand services.
Starting a business is always risky, but with these five businesses, the initial investment is low. It’s important to remember that as you grow and make more money, you can always reinvest it back into the business. The key is to start small and build up as you go.
So, if you have been thinking about launching a side hustle or a small business, don’t let the fear of high startup costs hold you back. These five businesses are great options to get started, even if you have a limited budget. With a little bit of hard work and dedication, you can turn your $50 investment into a thriving business.
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