10 Lucrative Business Ideas under $100k That You Can Start Today
Are you considering starting a business but concerned about the startup costs? Starting a business can be a pricey endeavor, but it doesn’t have to be. There are plenty of business ideas you can start for under $100k, and we’ve compiled them here to inspire you.
1. Dropshipping
Dropshipping is an e-commerce business model where you don’t have to hold any inventory. Instead, you list products on your online store, and when someone buys from you, you place an order from the supplier who ships the product directly to the customer. The profit margins are lower, but the costs are significantly lower than traditional retail.
2. Virtual event planning
With the pandemic in full force, virtual event planning has become a popular business idea. You can plan virtual conferences, weddings, and other events without needing a physical space. You can work from home, and your clients can be located anywhere in the world.
3. Social media management
Businesses need help with their social media presence, and social media management is an excellent option for those on a budget. You can help businesses create and manage their social media accounts, grow their following, and engage with their audience.
4. Personal trainer
If you’re someone who loves working out and helping others, becoming a personal trainer can be a fulfilling business idea. You don’t need a gym or fancy equipment; you can train clients in their homes or conduct virtual training sessions.
5. Online tutoring
Online tutoring is a great business idea for anyone who loves teaching but doesn’t want to be confined to a classroom. You can teach students from anywhere in the world using videoconferencing software.
6. Pet sitting
Pet sitting can be an excellent business idea for animal lovers. You can offer services like dog walking, feeding, and grooming. This business idea doesn’t require a large investment, but it does require a lot of hard work.
7. Blogging
If you enjoy writing and have a particular interest or expertise, starting a blog can be an excellent option. You can write about a topic you’re passionate about and use affiliate marketing or ads to make money.
8. Graphic design
Businesses need graphic designers to help with branding, marketing, and website design. If you’re skilled in graphic design, you can start a business offering these services to businesses.
9. Cleaning services
Cleaning services are always in demand, and starting a business cleaning homes or businesses can be a lucrative option. You can start small and grow your business as you acquire more clients.
10. Personalized product creation
If you’re crafty, you can start a business creating personalized products. You can make everything from custom mugs and t-shirts to jewelry and home decor. You can sell your products online or at local craft fairs.
In conclusion, there are plenty of business ideas you can start for under $100k. These ten ideas should inspire you and give you a starting point for your entrepreneurial journey. With hard work and dedication, you can turn any business idea into a profitable venture.
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