You might be wondering what to do if you want to start a business but have no money. The solution may be to focus on a service business. There are many options for businesses in the service industry that can be launched for less than $500.
You have undoubtedly heard of people starting businesses with very little money and making a fortune. This can certainly be done, especially if you start a service business. Take heed, though, that for every success story you hear there are several failures you don’t hear about.
It is vitally important to be smart when starting a small business. You need to be willing to do your research, work hard, and have a solid business plan before you launch your startup.
Below we list some options for service businesses you could start for $500 or less. This list represents only a few of the different types of service businesses out there. If none of those listed works for you, think about others that may suit your needs.
People love their pets. They are also willing to pay quite a bit to take care of their pets. There is a growing demand for pet services. It might be a good idea to start small and expand your services as you grow your customer base. Some pet care services you could offer may include feeding and walking, grooming, or pet-sitting in clients’ homes while they are on vacation.
House cleaning is one of the least expensive businesses to start. Most of us already have the equipment needed. There are many households these days that just don’t have the time to clean their own houses. There are also those households that don’t want to clean. The demand for housecleaning services is high, and you can easily take advantage. Word of mouth advertising may be your best bet with this type of business. Given that, you can start with just one or two clients and allow growth to happen gradually.
You can start an auto detailing business with very little money. This is another service that people are willing to pay for to avoid doing themselves. Professionals can charge as much as $150 or $200, depending on the services provided. Training and experience can also increase your rates.
If you have the skills, freelance writing is one of the cheapest businesses to start. With the sheer volume of websites and publications requiring content, freelance writing is a very viable business for anyone skilled in the language arts. It is much easier these days to realize your dreams of seeing your name in print and getting paid to do it.
Several property management companies began by offering house sitting services and grew from there. It should be noted that property management is a demanding business that also requires good social skills.
This is another business where skill and experience will take you far. You can specialize in outdoor or indoor painting, whichever you prefer.
With a few tools and an arsenal of skills, you can meet the demand for basic handyman services that so many households don’t have time to do themselves.
Depending on where you live, this business may be seasonal. Landscaping involves cutting lawns, trimming bushes, raking leaves, and pruning flowers. If you love working outdoors, this may be a great venture for you.
There seems to be a huge demand for quality website designers today. If this is one of your talents, it could be a very lucrative business for you.
If you excel at organizing events, this might be a worthwhile business to pursue. Party planning has grown recently into a billion dollar industry.
Whatever industry you decide to pursue, make sure you take the time and effort to research and plan before starting a small business. Remember, this is not an exhaustive list, but will hopefully give you some good ideas for your own company.
photo credit: London, bubbles in Bow Street
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