Small business ideas under $500
Arernyou the person who dreams about running a business, making a lot of money andrncalling all the shots? Who doesn't, right? However, if you are like the most of us, yournprobably don't have a bucketload of cash to invest in your new business to bernable to make money. Fortunately, there are other ways to happiness. Nowadays, starting arnwebsite costs only a few dollars, and marketing is more available than ever, sornthere are no limits. Read on and find out which are the best small businessrnideas under $500.
Tornmake our list, business ideas had to qualify for it. These are the metrics thatrnwe used to determine which ones should be considered the best business ideasrnunder $500.
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- Cost: Business must cost under $500 to launch. This includes investments in materials, tools,rn labor, and other related costs.
- Average income: Business has to havern average earnings above $35,000, which is the national average adjustedrn gross income.
- Opportunity: Business must notrn require extensive training or postgraduate degrees.
- Existing market size: Business has to havern industry around it in the existing market. Otherwise, it will needrn more marketing to reach the customers, which will lead to higher costs.
- Industry growth: Industry growthrn indicates the opportunity for success of the business.
Staffing Service
Thernstaffing service business is a simple one and it is one of the small businessrnideas under $500. Itrnconnects employers to qualified personnel. It is on our list because it has anrnannual salary of $100,000. And these high numbers do not come as a surprise asrnthe global staffing industry is valued at $466 billion.
Thisrnbusiness is also very affordable to start. Reasons for this are simple. Job listings,rnresume submission, interviews, and hiring can all be done virtually nowadays.rnThis means that there is no need for commercial space so you can forget onrncalling companies like Heart MovingrnManhattan NYC,rnand on that whole hustle of moving office.
Marketing agency (White Label Services)
Therernare many kinds of marketing agencies these days. They're easy to start andrnyou don't have to have extensive experience in marketing. Many companiesrnare hiring white label marketing firms which they find on sites like localbusinesslisting.org. These firms do all the jobrnand simply deliver the results to your clients. If you set-up your businessrnthis way, there are no upfront staffing costs which is good. However, you willrnneed a website, marketing certifications (which you can get online) and arnlittle bit of networking skill to get started.
Auto detailing business
Thisrnis yet another great way to begin your business. It is not expensive tornstart but can bring a lot of cash afterward. If you have an eye for detailsrnand are not scared of a little bit of physical labor, this is a great chancernfor you. You will need basic cleaning tools and supplies, a website, and arnlittle bit of marketing. You can take your belongings to a storagernfacility andrnkeep them there until you get a call. If you pick your customers' cars and cleanrnthem at your home, you won't need a commercial space.
Therernare many small business ideas under $500, but there aren't many that are asrninteresting as being in luxury cars for a job.