Many times, starting a business takes more than a great idea – it takes cash. While it’s true that most entrepreneurs have to “pay to play,” it’s not impossible to become a business owner on a budget. The key is breaking into a low-cost, high-growth industry. Consider these low-cost business ideas you can launch this weekend.
Become a virtual assistant
Virtual assistants are in high demand now that more companies are moving their operations online for good. A virtual assistant provides administrative or support services to businesses remotely, including project management, internal or external communications, business operations consultation, or research assistance. While responsibilities vary from client to client, they typically have the same responsibilities as an in-house assistant but are able to work from anywhere (be it at the beach, in a hotel room, or from the back of a converted van). All you need is internet access, a computer, and an agenda to keep you organized.
Launch an online course
Are you an expert in Excel? Do you have a passion for event planning or extensive experience in interior design? If your skillset is in demand, there’s probably an audience that would be willing to pay for an accelerated learning experience that’ll get them up to your level of expertise. Once you have a topic to teach, online course platforms like Teachable or Udemy can get your business off the ground in a matter of hours. This is also a great opportunity to sell additional downloads like e-books, worksheets, or templates.
After spending too much time at home this year, people are ready to refresh their spaces. It’s no wonder that reality shows like “Get Organized With The Home Edit” and “The Minimalists: Less Is More” have taken off on Netflix. If you live for decluttering, color coordination, and streamlining systems, then you could be highly successful as a home organization expert.
Start a Concierge Service
People have gotten used to having everything delivered straight to their doors. Concierge services allow people to hire someone who will pick up their prescriptions at the pharmacy or run to the post office for them, saving busy professionals hours they would otherwise spend running errands. Account for travel expenses when determining your rates,
which can be hourly or by the task.
Take people on tours
If you live in a tourist hotspot (like Savannah, Charleston, or Hilton Head) and have an in-depth knowledge of the area, then starting a tour business could be a great opportunity that requires little more than a clean car, local connections, and friendly demeanor. Be sure to plan multiple routes depending on your clients’ interests (like a food tour or historic
excursion) and purchase any tickets in advance.