What are Some Low-Cost Startup Business Ideas?

If you’ve decided to move forward with a startup, you are probably aiming to keep your costs as low as possible. This article presents some excellent, low-cost startup business ideas by industry to inspire you.   
BUSINESS

Graphic Designer 

It costs less than $1,000 to start a graphic design business. All you need is a reliable design software and a computer. It’s a great job for someone with business acumen and a creative streak. Demand is greater than ever, with the number of digital businesses growing exponentially across the globe.

As part of this business, you will be offering your clients services such as creating websites, logos, stationery, and marketing materials. To start your business, you can contact potential clients and register your company online. 

Online retail consigner 

This business also costs under $1,000 to set up. In the way of materials, you just need a computer and a digital camera. It’s a great idea if you’re passionate about fashion or simply have too many garments stacked up in your closet. Instead of donating or hoarding them, why not sell them online? There are several online platforms you can use to sell your unwanted clothes, accessories, or jewelry, such as Tradesy or The RealReal.
You’re wondering, “Is selling my old clothes the same as having a consignment business?” Of course not, but that’s how you start. You can begin by selling things such as your kids’ old video games or other items to your friends. Eventually, your business will grow. All you need to get started is a camera to take nice pictures of the items. Also, you should choose a catchy name or user ID for your shop. Using detailed and vivid descriptions of whatever you’re selling will go a long way.

Coder 

Becoming a coder is another excellent, low-cost startup idea. All you need is a PC or laptop and training courses. To have a successful coding business, you need a sharp eye for detail, a meticulous approach, focus, and patience. Demand for skilled freelance coders is higher than ever, as this is a niche skillset. Moreover, there are many free resources you can avail of, such as Udemy and Code Academy, where you can access courses. 

Creative Writing / Copywriting 

To start a writing business, you need a computer, patience, and a bit of writing talent. Most importantly, you need to be driven and flexible. You can sell your work to blogs, online newspapers, or magazines. In addition, you can specialize in writing ebooks or in academic writing – the opportunities are endless. Although you don’t need formal training to start a writing business, you do need a high level of motivation and good communication skills. Marketing and networking are key to making a name for yourself. Moreover, creating social media accounts and a well-developed website will help.
business ideas

Social Media Consultant 

There is no better time to start an Instagram consulting business. The costs are practically nonexistent, and you will only need a quality smartphone with a reliable digital camera. If you’re good with this medium, you will thrive by helping companies grow a sustainable following on it. More importantly, to launch this business, you should be passionate about offering people resources to learn about Instagram.  

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Social Media Consultant