50 Cheap Business Ideas That Could Make Everyone A Millionaire
People are becoming less afraid to leave their 9-to-5 jobs that bring them little to no happiness. With so many options and opportunities available to us now, it’s become beyond easy to start your own business from almost nothing. Interested but don’t know where to start? Here’s a list of 50 cheap (and even free!) business ideas that can help you accomplish your dream.
If you have the expertise, knowledge, and experience in one specific area, then consulting would be the ideal choice for you! You already have everything you need, so you’d only be spending on the actual business, marketing, and networking.
49. Bicycle Repair/Sales/Storage
It might be a surprising fact, but the Bicycle industry pulled in over $6 billion back in 2015! Bicycles are always going to be in use, which means bicycle repair shops will be just as in demand. Bicycle storage is another good idea, too, although it’ll most likely only be a seasonal business. Lastly, selling used bicycles is another option, since we can clearly see the product is in high demand.
48. Chatbot Making
We know, it sounds intimidating and complicated at first - but it’s easier than it seems. With tools such as Chattypeople, you can easily build your own Facebook bot without any coding knowledge or experience. "Where 10 years ago every company needed a website and five years ago every company needed an app, now every company needs to embrace messaging with AI and chatbots," said ChatBot expert Murray Newlands.
47. Door-to-Door Delivery
Delivery is prevalent in our day-to-day lives. Even though there are tonnes of business that are already providing the service, some aren’t. And that’s where you come in to save the day! Or, you can start your own personal business, delivering goods that aren’t available for delivery yet.
46. Infoproducts/Educational Programs
In our modern society, people are constantly hungry for more knowledge. Which is why selling “how to” information would be an amazing business idea. You’d essentially be making money off of a skill or passion that you possess, and the cost of it super low. Buy a website, invest in ads, and your top-notch content is good to go!
45. Tour Guide Service
This idea only applies to areas where you get lots of tourists. You can start your own tour guide service, and bring people around to popular sightseeing attractions! Just make your website and some business cards, and you’ll be ready to start.
44. Home Repair/Restoration
Are you a handyman? If you’ve enjoyed working around the house and fixing things, why not make a living out of it? If you decide to go down this path, however, make sure you come up with something unique - maybe a specific area - that sets you apart from the competition.
43. Senior Services
With over 46 million people in the U.S. that are aged 65 years or older, coming up with a business idea that involves seniors would be a smart move. In fact, by 2060, the number is estimated to grow up to 98 million! Services such as running errands, companionship, or even simply giving advice to family members, would all be of good use.
42. Boat Cleaning/Repairs
Boats are widely used as well, so people are going to need boat cleaning and repair services. From the head to the holds, and even to the decks, everything will have to be cleaned top to bottom once the boat is hauled out of the water. You could start the business by approaching homes that have boats on their property, or cooperating with a local marina to advertise your work.
41. Online Marketing Services
This is a competitive sector, but it’s still very realistic. There’s plenty of cheap, online courses available (particularly in SEO) for those who have no background or experience in online marketing.
This is the easiest and most available option! All you need is a few dollars to start. Basic knowledge of SEO, creating quality content, as well as patience, are all essential. Some vloggers are making six-figures doing this - so bring your charisma and knowledge forward!
39. Affiliate Marketing
These type of marketers essentially promote other people’s products, and in return, receive commissions on their sales. Amazon is the most popular example, but there are other alternatives you could look into, too. Most of the time, affiliate marketing is combined with blogging, so you can create an ideal mix of both content and promotion. So, for starters, you’ll need to get your own blog running first.
Writing isn’t only narrowed down to freelancing or content writing. Massive companies like Apple and Amazon are involved in the book publishing field, too, which means that authors are bringing in huge amounts of money for writing everything from cookbooks to instructional books to Sci-fi adventures!
37. Cleaning Service
With cleaning services, the variety is endless! You can create your own schedule - from cleaning houses during the days, to offices during off-hours, or deciding to clean restaurants daily, the choice is all yours. You won’t need to be spending a lot on cleaning supplies since they’re not too expensive, or even advertisements. Most cleaning services are recommended through word of mouth, so your savings in this sector would be huge!
“Sharing economy” is currently booming and is expected to grow even more. Here are the times where you’re able to rent almost anything you need, instead of purchasing. From renting rooms on Airbnb to vehicles on Uber/Lyft, you can now rent parking space, garages, and even household items - like furniture or yard equipment.
35. Business Plan Service
If you already have a business, you can use this knowledge and provide it to someone else for a fee. New business owners are constantly looking for the guide and advice of successful businesses, so they’re more than willing to give money for some important knowledge, and for someone to lay out a plan for them.
34. Website Development/Management
Every business needs its own website, so if you have the skills, you can begin with making personalized websites for customers. If you don’t have the knowledge, you can teach yourself through platforms like Codeacademy. You can also begin to offer services like website management if developing websites isn’t up your alley.
33. Graphic Design
Branding is important because this is how businesses tell their story. From designing advertisements to logos and newsletters, graphic designers are always in demand.
32. Internet Security Consultant
With so many businesses on the web, hacking, scamming, and viruses have become a serious problem. Business and individuals are looking for security, and protecting their software isn’t that difficult. In addition, it doesn’t cost a lot either.
31. Pet Care
In 2016, Americans spent a shocking $62.75 billion on their pets! And by 2020, it's expected to grow up to $96 billion. Clearly, it’s an industry that's worth looking into. The typical business ideas include grooming, training, dog walking, and pet sitting. But, most of the money is in producing organic pet food and treats!
30. Lawn Care/Snow Removal
If this is something you enjoy doing at home, and you already have the tools on hand, you can easily start your own lawn care business! Most of the cost will go towards marketing and advertising your business. And, if you live in a snowy region, you can also offer snow removal services too.
29. Editorial Service
Another business that's super easy to start! Unlike most business ideas, you don’t need to initially invest your money into anything. And, the potential for growth and expansion is real, once you’ve established yourself. From small to big businesses, to authors and students, the customer base is wide. Not only that, but the actual variety of services you can provide is huge too - ghostwriting, copywriting, editing, and proofreading.
28. Homemade Gourmet Food
Gourmet food products have been a favorite amongst many. From cookies to jellies and soup mixes, the list is endless. You already have a kitchen available, so the only thing you’ll need to invest in is some cooking supplies and packaging, as well as a couple of basic, marketing materials to start your business.
27. Domain Name Buyer
One of the cheapest options available, buying a domain can cost less than $10! However, you need to be smart with your purchases and buy something that’s memorable and will bring you profit. That way, once a business turns up and would like to buy that domain, they won’t even hesitate to spend some big bucks on it.
26. Flipping Websites
It might not sound promising, but you can earn $25-$30k just from flipping websites on the side! Flippa allows you to purchase a site, build it, and then sell it for a good price.
25. Ecommerce Store
With eCommerce, you can open your own shop without spending massive amounts on the physical storefront. You can easily build a site, saving lots of time and money. And, since your shop can reach customers worldwide, you won’t be limited to just one location or specific business hours!
24. Personal Concierge
This is basically the same thing as being someone’s personal assistant. You’d be handling schedules and running errands, like taking their dog to the vet, or taking clients to the airport, and making some serious bank while doing so.
23. Personal Trainer
Once you have the background, becoming a personal trainer is another business idea that’ll cost you almost nothing and bring in millions. The most important thing to do is invest in some advertising and marketing - but, the customers you’ll get will mostly come through word-of-mouth anyways. You can even start to sell your training online, through subscription-based businesses or even your own Youtube channel!
22. Property Management
Most of the time, landlords simply don’t have the extra time to constantly check up on their properties and maintain them (such as cleaning, mowing, etc.) So, this is where property management companies come in. These businesses get the tasks done for landlords.
21. Window Cleaning
It’s no secret that most people seriously don’t enjoy window cleaning, which is why most businesses - and even regular people, to be honest - will hire someone to do it for them. It doesn’t require big sums to start, and you can choose whether to go residential or commercial.
20. Upholstering/Furniture Repair
Upholstering is perfect for those who don’t want to say goodbye to their favorite, ragged piece of furniture, turning into a great business idea. Repairing and upselling used furniture is another great option for those who are looking for furniture that’s decently priced and good quality.
19. Custom Tailoring
It’s in demand and there’s little competition in the market so far. People are starting to become more conscious of their looks, realizing that one-size does not, actually, fit all. For businessmen and women, the service is of high importance, so it would be best to jump on the idea before everyone else does!
18. Life Coach/Mentor
This is the perfect business opportunity for those who have a proven track record in a specific field, reached success, or are even trained in matters of the mind. The business can be run out of the comfort of your home and is as low-cost as it is profitable.
Sharing your knowledge has always been a sure-fire way to make some money. From teaching others Spanish, how to cook, or how to play an instrument, you can make some serious bank through your skills and talents. Purchase a website first, and then you can begin selling your content!
16. Graffiti Removal
Doesn’t sound promising? We’ll change your mind: Remove It Restoration brought in a whopping $2.6 million in revenue in 2016 - all thanks to graffiti removal!
15. Cleaning Out Foreclosed Homes
It might be taxing not only physically, but emotionally as well. Cleaning out a home that’s been foreclosed by a bank isn’t the happiest job, but it needs to be done by someone and it's always going to be in demand.
14. Event/Project Planning
If you enjoy planning and organizing, then this one’s for you! There are tonnes of arrangements you could be taking care of - from weddings to birthdays and retirements, it’s an entertaining job that’s guaranteed to keep you on your toes and bring in profit.
13. Packing/Moving Service
Packing for a move isn’t fun for anyone, so people are almost always willing to hire someone to do it for them. The best part? You’ll only be needing some boxes and tape. And, if you decide to take things further, you can start your own moving company too.
12. Referral Service
New businesses and families that have just moved into town are looking for the help of referral services. These individuals need someone who’s going to refer them to accountants, babysitters, lawyers, restaurants, and almost anything else you can think of. Networking will be your biggest priority and cost, as well as marketing yourself in the community, and making advertisements.
11. Currency Trading
This one requires next to nothing. All of the necessary material - such as online courses, tutorial videos, and even applications - are available online, offering step-by-step guides. Once you’ve figured out the basics, the next thing you’ll need is your laptop and some cash flow - then you’re good to go!
10. Landlord/Bread and Breakfast
Before Airbnb, there was bed and breakfast. This option is perfect for those that have a private area - or even a room - for others to rent and are willing to become a landlord. Of course, properties in tourist areas are the ones that’ll bring in the most money, but emerging neighborhoods are promising as well.
This one requires a bit of time and investment in obtaining the necessary permits and licenses, but once that’s out of the way (it's super easy and quick!), you’ll be ready to start your business at home! If running it out of your house isn’t desirable, you can still start-up a childcare business by being a nanny, babysitter, tutor, or au pair.
8. Homemade Goods
This is perfect for the artistically gifted. If you love crafts and have a creative imagination, you can join the extremely popular platform Etsy, or even create your own personal eCommerce site! From jewelry to natural soaps, or organic goods, you can sell anything your heart desires.
7. Hairdressing/Makeup Service
If you have the talent and are always keeping up with the trends, then doing makeup and cutting hair is a great way to make some money. In fact, you don’t have to invest a crazy amount of time or money in building your own salon. You can start right from home! However, if that’s not currently an option, then you can just turn to YouTube and create your own beauty channel, sharing makeup and hair tips.
6. Food Truck/Trailer/Cart
For lovers of cooking, this is ideal. Opening your own restaurant is very risky, so why not take the easier route and invest in a food truck? Of course, it might get pricey, but you can always purchase a trailer instead, or even a hot dog cart that’ll only cost you a few thousand dollars.
For just under $100, you can invest in your own beer kit and begin brewing your own beer! If you have the knack for it and things go well, you can end up opening your own microbrewery. Not a fan of beer? Then wine is an option, too. Buy your own juice or grow your grapes, and if the batch turned out good, you can begin selling your personal wine!
4. Mobile App Developer
By 2020, the number of smartphones used globally will be close to 3 billion. So, the increased user demand for mobile apps is evident. Users are looking for apps that are going to help them manage and organize their lives a little better, or for something entertaining they can turn to in their free time. With some coding skills and creativity, you can start developing your own app. If you don’t have the necessary skills, you can always collaborate with a software developer, turning your ideas into reality.
3. Language Translation Service
With everything going global, the demand for translators is skyrocketing. From legal contracts to translating blogs, this business idea is low cost and will only keep growing. Fiverr and Upwork are a couple of freelance sites that can help you find the necessary people you need that are fluent in several languages, and will happily join your business.
Another product that is hot on the market. Drone sales experienced a dramatic increase from 224 percent in 2015 to 2016, to around $200 million. You can start your drone-based business, which includes sales, repairs, customization, training, photography, surveying, mapping, and even security surveillance.
1. Subscription Service Owner
For those who want to start their own business but aren’t willing to take a huge risk, this one’s for you. The best part about this sector is that it’s predictable - you’ll know how much you’ll be bringing in each month, and you can create your own budget. If you don’t know where to start, Cratejoy was 100 various ideas in numerous different categories from beauty, to fashion, to gaming and books.
Before you start your own business, you have to make sure you’re prepared. Make a list of your ideas, passions, skills, as well as a solid business plan, and go from there. Even though nothing’s guaranteed, it's necessary to take the risk in order to accomplish something. Which idea appeals to you the most? Comment below!