Here are 7 of the Best Side businesses to Start For Less Than $1000
By now, everybody’s heard that saying: you need money to make money.
It means that to start earning more money, you often have to invest some money first. It’s like planting a seed; you need a little money as the seed to grow a big money tree.
Today’s world kind of makes it look like these little ‘seeds’ can’t get you far. Sure, having some initial funds can help you take advantage of opportunities and build a foundation for making more money.
But, there are also other ways to be successful without a lot of money upfront, like being creative and working hard.
And that’s what we’re all about.
In our last newsletter for July, we’ll be taking a look at 7 great side businesses to start for under $1000.
Class is in session!
🧑🏫Tutoring Business
A fantastic option in side businesses that doesn’t necessarily require higher education (although it can be helpful) is to become a tutor in a subject you excel at. You don’t need a college degree; having a high school diploma is enough to start working with students who need help with specific topics. The best part is that you have the flexibility to choose where you teach, whether it’s at your home, the student’s house, or a local library.
To spread the word about your tutoring services, consider using social media to let people know you’re available. Facebook and Nextdoor can help you connect with local families in need of tutoring. To appear more professional and organized, create a website with a calendar where students or parents can easily book sessions with you. As for pricing, tutoring rates can vary, but a typical range is between $20 to $100 per session.
What you need: a website, an LLC business license, and a home office setup.
What it costs: Roughly $250 to start, with ongoing costs of around $30 per month.
🚗Delivery Service Gig
Need some extra cash during your free time or between jobs? Consider working for a delivery service like Uber, Lyft, Grubhub, or DoorDash! While forming an LLC isn’t mandatory for your side gig, it could protect you from personal liability, and you might even get tax write-offs for monthly costs like maintenance, insurance, and fuel.
The best part is, you don’t need much to get started with ride-sharing or food delivery. Just have a vehicle, some time to spare, a mobile phone, and a clean driving record. No need to worry about marketing yourself either. According to Uber, you could make around $400 per week driving 20 hours.
by u/bicockandcigarettes from discussion Los Angeles food delivery people! How much do you wind up making per hour? How long does your average delivery take? What’s good and bad about the job? And what would make it better?
What you need: A vehicle, a clean driving record, a driver’s license, a mobile phone, and car insurance.
What it costs: Assuming average car lease, insurance, mobile phone, and car maintenance costs, around $500 per month.
♟️Consulting Business
Like tutors, consultants are experts in their field, but with a focus on helping professionals and businesses. Having a college degree and relevant experience is typical for consultants.
To land contracts, networking is crucial. Use platforms like LinkedIn, attend local professional events, and stay connected with former colleagues. Keep your website updated with contact info for your consulting side business. Consultant fees can vary widely, ranging from $100 to $500 per hour, depending on your expertise. Some even charge a flat-out fee.
by u/Xtrerk from discussion How much should I charge for consulting services based on my former full-time rate?
What you need: Professional business cards, a website, and an LLC business license.
What it costs: Startup around $500, with ongoing monthly expenses of about $30.
🧾Bookkeeping Service
Working as a bookkeeper is a one of those great small businesses that’s open to everyone, with just a high school diploma needed. To get started, you can take courses at a local community college or find online classes that lead to a bookkeeping certificate.
To find contract work, market yourself on platforms like Upwork, social media, or even by placing ads in your local newspaper. Depending on your location and experience, you can charge $20 to $60 per hour for your services.
by u/General-Ledger from discussion Revenue range for bookkeeping side businesses
in Bookkeeping
What you need: Accounting software, an LLC business license, professional liability insurance, and a website.
What it costs: Starting up requires around $300, with ongoing monthly expenses of about $75.
🐶Pet Sitting Business
If you adore animals, why not turn your passion into a money-making venture? Many pet owners need reliable pet-sitting services, and you can open your home to dogs, cats, birds, and other furry friends in need of care. It might be beneficial to learn specialized skills like animal CPR and administering medicine to various pets, though.
For your protection, make sure to get pet sitter insurance and pet-proof your home. To spread the word, you can put up posters in your neighborhood or join platforms like Care.com or Rover.com.
by u/sck_321 from discussion Full time Rovers- how much do you really make?
Keep in mind that if you’re renting, this might not be a feasible side gig. You could still make some income part-time though.
by u/fermentation_mae from discussion Full time Rovers- how much do you really make?
What you need: A home with a yard, pet sitter insurance, flyers, and a website.
What it costs: Starting up could be around $350, with ongoing monthly expenses of approximately $60.
🧑💼Virtual Assistant Company
Busy professionals often seek the help of virtual assistants (VAs) to manage emails, documents, appointments, and other administrative tasks they can’t handle themselves. You can easily find part-time VA work to earn extra cash on the side (or even go full-time if you wish). If you prefer not to work independently, consider joining a virtual assistant service that can connect you with companies.
Experience isn’t always necessary, but having strong organizational and communication skills can boost your chances. If you’ve been an administrative assistant before, this role could be an excellent fit for you, plus you get to work from the comfort of your home. The typical rate for a VA ranges from $15 to $20 per hour.
by u/baby_stego from discussion Anyone here a Virtual Assistant? What is it like, and do you like it?
in WorkOnline
What you need: A computer, reliable internet, and a website.
What it costs: Getting started might require around $550, with ongoing monthly expenses of about $130.
💪🏾Personal Trainer
If you’re passionate about nutrition and fitness, why not turn it into a rewarding career or side gig? Many people seek personal trainers to help them achieve their fitness goals, and the best part is, you don’t necessarily need an advanced degree for this job. However, having a degree in sport science or a fitness certificate can be advantageous (there are various certifications available to earn).
Starting these kinds of side businesses require minimal investment, especially when it comes to ongoing expenses. Consider protecting your assets by filing for an LLC and obtaining personal trainer business insurance. As for marketing, it depends on your preference. Utilize social media, content marketing, email campaigns, or even run digital ads to spread the word. With dedication, you can earn $20 or more per hour.
by u/trainersintellect from discussion What is the average salary of Personal trainers? Thinking bout becoming one but don’t know if it’ll be worth it
What you need: Certifications, LLC formation, a website, email marketing software, and personal trainer insurance.
What it costs: Initial setup around $850, with ongoing monthly expenses of approximately $60.
🏦You Don’t Need To Break The Bank
In today’s fast-paced world, it’s easy to believe that you need a hefty investment to kickstart your entrepreneurial journey. However, we’ve shown you that with creativity, determination, and the right opportunities, you can pave your path to success without breaking the bank.
So, whether you’re looking for a part-time gig or dreaming of turning your passion into profit, these low-cost side businesses can be your stepping stones to a rewarding and fulfilling future. Choose your venture, seize the opportunity, and let your entrepreneurial journey begin!
Remember, greatness doesn’t always demand a fortune.
Happy ventures, and until next time!
