STARTING A SELF-EMPLOYED BUSINESS FOR LESS THAN $100

Today, coming up with profitable business ideas is simple, quick, and automatic. However, making them a reality may be difficult due to financial constraints.

Fortunately, some small business ideas do not necessitate a large investment. As more opportunities emerge, you can capitalize on your skill set and effort. Here are some low-cost business ventures that you can start even on a tight budget.

1. SOCIAL MEDIA CONSULTANT.

Social media is now an essential tool for brand awareness. Facebook accounts for 29% of marketers across the top six social media platforms. Meanwhile, TikTok has the highest increase in viewers and daily usage (18%).

When compared to other digital marketing jobs, the end result promises less money, time, and energy spent on marketing strategies. However, many business owners are unfamiliar with social media content marketing. As a result, you can offer your expertise as a social media consultant to help plan social media marketing.

2. ONLINE STORE.

E-commerce is becoming increasingly popular as more people use the internet. According to recent data, 90% of internet users buy goods and services online. Online sales now account for nearly 20% of total retail sales. In the coming years, it may account for 24% of total sales.

According to projections, 95% of purchases will be made on the internet. Indeed, an online store appears to be a profitable business today. Because it can be managed online, it requires less capital.

If you have extra space in your home, you may not need to buy or lease a storage unit. You also don't have to worry about interior design because your store is online.

3. PERSONAL FITNESS INSTRUCTOR.

In the last two years, the importance of staying fit and healthy has been emphasized. However, this does not only apply to strenuous activities, as mental health care is crucial to our overall well-being. As a result, in addition to exercise and gym tips, yoga and meditation are becoming increasingly popular.

4. EVENT ORGANIZER.

Many plans have been pushed back due to the constraints. Nowadays, significant events such as weddings, birthdays, anniversaries, and corporate parties are held. As a result, the majority of bookings are going to event planning and catering companies.

5. WRITER OF CONTENT.

You can even turn your passion for writing into a side business. As more businesses go online, writers and bloggers are in high demand, with many websites offering writing projects.

You could also look for clients and write for them to promote their products and services. However, you must be prepared for stiff competition in the pool of writers. In the United States alone, 82% of freelancers work as writers.

The good news is that there is an increasing demand for content writers. In the United States, the average income of a freelance writer is around $32. Furthermore, there are experts in every subject. You can even create a page to post your blogs—for example, food, travel, and finance blogs.