How to Start a Small Business with low Budget

               9 Best Ideas to Start Your Own Business           

                                           

You are here for these scalable and highly profitable business ideas that are very easy to starting.

                                     

      I am not at all talking about just selling stuff you already own, and I also want you to know there are so many options with this essentially what you're doing is reselling items, so that's what Walmart, at target do to make money too right they buy items from wholesalers they buy items from manufacturers, and they sell them in their store for a profit and that's how a lot of businesses are run.

                                           

  Well the easiest way to get started with this type of reselling business model is simply by buying items that are at a discount or that people don't really want the people just want to get rid of buying them for cheap and then selling them for higher prices its simple math it's an age-old business strategy, and it works now of course you could do this in a lot of different ways you could be flipping houses or flipping cars, and it is true that when you buy and sell things that are more expensive your profits tend to be larger.

 If you bought a house for two hundred thousand dollars, and then you sold it for two hundred and ten thousand dollars that would only be essentially and this is simplifying things but essentially like a five percent profit margin, but you're earning ten thousand dollars, now yes there'd be fees and all that Ii'm just keeping it simple for the moment here so in contrast just imagine that you were buying and selling something that only cost a few dollars, and you had that same five percent profit margin so for example maybe you bought something for ten dollars, and then you sold it for ten dollars and fifty cents same five percent profit margin but, now you are only making fifty cents instead of ten thousand dollars so that's why it is good to buy and sell kind of the most expensive things you can afford but of course when you're starting out you can start smaller, and then you can reinvest your profits to be able to invest into bigger and bigger more and more expensive items to resell.

                               

   You have probably heard maybe you have noticed that podcasts have become increasingly popular over the last few years they are still relatively new, and it's an industry that's exploding as more and more people are discovering the platform for the first time now yes you could become a podcaster and monetize that, but that's not the business idea I have in mind here because while that business idea is a great one it can definitely be difficult to grow and to turn into a sustainable and significant income for yourself.

                     

   So, here's an idea that is much more kind of actionable, and you can make it happen more directly and that is to support those podcasters you can pretty easily learn how to edit podcasts yourself in fact this is some of the easiest work out there I would say it's quick it's simple there's not a lot involved so with just a little bit of self-education you can become a podcast editor and from there you can either simply offer freelance services by listing yourself on a site like Upwork as a podcast editor, or you can expand your services and become a podcast manager or producer. Podcast editors typically earn anywhere between about 20 and 50 dollars per hour when you're first getting started and then as you build up more of a portfolio and more skills you can increase your rate up to like I said about 50 an hour but if you expand your services as well, and you become a producer or podcast manager you can charge up to about a hundred dollars per hour you can also in the future scale this opportunity by hiring people onto your team and delegating the work so that you can do very little of it yourself.

                                          

    I am sure you know courses have gotten really big really popular a ton of people want to create and sell courses it's a really scalable business model it can be really profitable and really fun as well I love doing it myself personally.

     However, there are a lot of people out there who might be small business owners, or they might be teachers or professionals of some sort they have a skill they want to teach, and they know that if they created a course they could make money with it, but they do not feel like they are capable of creating the course itself maybe they feel like they're not tech  enough, or it's just too big and overwhelming of a project for them to take on, or they're not sure how to organize the curriculum to make a good course well if you learn about how to put together a course and if you learn about how to structure a course then you can offer services to those people I mentioned the small business owners professionals teachers and produce their courses for them.

                                    

           It is a really easy job or gig to get started with there are very few barriers to entry if you can transcribe something effectively and by the way transcribing is just when you listen to audio, or you are watching a video and listening to the audio, and you're typing what you're hearing, so you're turning an audio piece of content or an audiovisual piece of content into written text and this is something that there is a huge demand for these days and there are many different companies that offer transcription services.

    Anyway, if you can become decently fast at this simple skill of transcribing then you can earn anywhere between starting at around five dollars an hour but the faster you get, the more you can earn up to around 50 to 60 dollars per hour.

   Now, I will admit this business idea is a lot less scalable than most on my list, of course you could expand this into a transcription agency and there are plenty of people out there who have done that but, it's also just an easy way to get started making some money online.

                                        

    Next is an interesting option for selling on Amazon now I'm sure you're aware that you can sell products on Amazon, and you probably are also aware that you can write and publish self-publish a book and sell it on Amazon but, that might be a bit more of a project than you want to take on even though you know it could definitely be profitable. 

     Interesting alternative

 You can sell essentially blank books on Amazon now these books tend to not be completely blank a lot of the time they are a workbook or some sort of planner where there's a ton of blank space, but you've added some either design elements or some very sparse content throughout the book these books are really easy to create because there's not much content going on and a lot of the time they're also very repetitive, So you might have the same thing on every page of a journal with prompts for example or a certain type of planner now what's really cool is that you can actually create these books like the manufacturing of them by using print-on-demand services so the same services you can use to self-publish a book which by the way these services don't cost anything you just upload your designs for the book and then when a customer purchases the book then the book gets printed and of course that costs the manufacturing company something, but you don't have to pay for that because instead they just subtract that cost from the price the customer paid.

 So, for example maybe the customer buys your planner on Amazon for fifteen dollars, and it costs three dollars for them to print and ship that book so, then you earn the fifteen dollars minus the three dollars twelve dollars is your profit and that's what you get paid and all you had to do was initially design that book and list it on Amazon.

                                              

    A freelance writer or perhaps a freelance copywriter now I know that there's a million people out there who want to become an author, and they pine away writing all the time trying to get their work published it, doesn't get published they don't make any money. 

    Idea

                                        

    However, if you don't want to become an author and have a publishing company choose your book, and publish it, but instead you just want to be a writer, and you're decently good at writing there is a huge demand for your skills. 

  So, if you are someone who has a good English skill, and can write well then there's demand for your services writers often earn a starting wage of around ten dollars an hour, but you can earn so much more as you build up your clientele, and you build up a reputation, and you show that you have good skills. If you have good skills, and you can write also reasonably, quickly, you definitely could earn 50 or even 100 per hour.

                                        

       Pinterest is a social curation website for sharing and categorizing images found online.

    If you don't know much about online marketing you might not know that a lot of businesses that publish written content especially use Pinterest as one of the main sources of traffic for their website in other words Pinterest is how they get people to visit their website and read their articles so, clearly they have to use Pinterest, and they have to manage their pins on Pinterest and manage their ads and things like that Pinterest is a surprisingly simple platform, but that doesn't mean that there's not a fair amount of leg work to do just with managing those accounts if you're interested in becoming a Pinterest account manager you can watch free videos on YouTube about Pinterest strategy and account management, and you could also take courses on a site like Udemy.

  Udemy is a good place for you to potentially learn some of these skills well Udemy in case you don't know what Udemy it's just a course platform, a learning platform you can purchase inexpensive courses on the platform to learn different skills.

                                     

 

    I just want you to know that there are so many different ways to do this, and I specifically mentioned Udemy because a lot of people they want to create and sell courses, but they feel really stopped by the fact that they don't have an audience to sell those courses to now there are a lot of ways to get around this but what I'm talking about right now is you can create and sell your courses by listing them on Udemy, and skill share, and using a site like teachable to be able to sell them also to your own audience as well and what's cool about this is that there's absolutely no reason why you can't put your course on multiple platforms and sell it on multiple platforms.

 You just create the course once, and then you list it on these different platforms and while some of them may not create very many sales because you've diversified there are good odds that your course will take off and start getting reviews and getting promoted on one of these platforms and especially if you create several courses, and you do this you just have really good chances of one of the courses organically taking off and making you a significant amount of money and from there you can take advantage of that, and you can use that one course to be able to get other courses in front of the same audience.

     

                         

    The last business idea that I wanted to share with you today is a local business not an online business it's that of drone videographer now I don't know if you've noticed, but drones have gotten much and much cheaper over the last few years it used to be that you had to pay at least about 500 or a thousand dollars for a decent drone, but now we've started seeing good quality drones for as little as 50 to 100 which is just insane a lot of people think that flying drone sand doing videography with them is really fun work and especially if you like being outside that's an added perk drone videography is a highly sought after commodity in several different industries.

    For example event planners need to hire drone videographers for their clients events and realtors want to hire drone videographers for their real estate listings and then of course you've also got content creators of all sorts anyone from movie producers to YouTubers to course creators who want to hire drone videographers to be able to have some amazing footage to add to their content as you can see there is an increasingly large demand for these services but here's the thing in order to be a drone videographer legally in most areas you have to get some sort of certification or get a license to be able to professionally fly a drone and that limits your competition which can be good for you of course there are pros and cons to this, but it can be good for you when you're trying to start this business so if you're willing to jump through those few hoops getting your certification and getting your license then you can really take advantage of this opportunity and get a lot of the work that is available out there doing something that can be really fun.