You may have big dreams of starting your business and operating from home. You are certainly not alone, as about 50% of small businesses are now being started at home. Unfortunately, it is not as easy as it seems. Many people fail to realize that it takes money to make money.
While there are options for raising funds such as loans and grants, you might not be ready to add on to your additional debts. Fortunately, some businesses do not require a ton of funding to get off the ground. Plus, many successful businesses started with little to no financing. Here are a few low-cost options to consider looking into.
1. Virtual assistant
Virtual assistants provide remote administrative support to individuals and organizations. Although most of the work of a virtual assistant involves office management, they also contribute to other departments such as marketing, bookkeeping, scheduling, and some media-related tasks. Becoming a virtual assistant does not require a bachelor’s degree, although most companies prefer that candidates have one.
The best thing about this business is that it requires little to no overhead costs. All you need to have is a solid internet speed and a good computer. You might have to pay for a few certification courses to help you stand out more. You would also have to spend some money on advertising yourself and your services to help you find clients. However, it doesn’t have to be excessive spending.
2. Web design
If you know how to create visually appealing and user-friendly websites, you’re in luck because the demand for superior websites from businesses continues to grow. Additionally, the nature of the job of a web designer is that you can work remotely with little to no funding when you startup.
3. Freelance writing
Perhaps you have a way with words and love to write. Why not consider looking into freelance writing? The beauty of this job is that freelance writers can work under several employers, thereby making a flexible career to have. Most freelance writers usually have a specific niche that they write about, from social media writing to content writing.
Freelance writing is also an affordable career that you can establish from home. You will need to invest in a few writing tools to make your writing and editing easier. But that shouldn’t dent your wallet. You will also need a computer to type out your content. If you have the funds, you can also advertise your services by creating a website or showcasing your works on social media.
4. Social media consultant
Social media consulting has become a big business with over 10,000 social and digital media consultants currently employed. As a social media consultant, you will act as the eyes and ears of your clients across a wide range of social media channels to engage with an audience. You will also offer services like creating social strategies, monitoring, and evaluation, as well as general advisory services.
To get started, you will need to identify your niche. Are you into sports, fashion, or health? For the best results, you should begin your career as a social media consultant in the area where you have the most professional experience. You will need to subscribe to or purchase several tools to help run your business. These tools will help you track your client’s goals and engage with audiences by listening to what they are saying.
5. Event planning
If you are a detail-oriented or highly organized person who loves to take on projects and events, you might be the right person to start an event planning business. There are tons of programs that you can organize for people that don’t have the time or skill to do so. It could be weddings, parties, or corporate events, and the choices are endless.
When you’re starting as an event planner, you would have to do a few free jobs for family and friends who might recommend you to others. It’s also a great way to build your portfolio and showcase your work. You will also need to develop a database of suppliers and vendors you can work with.
You can get your business off the ground in record time with these affordable ideas! There are several other ideas worth checking out, or you can come up with an idea all on your own.