Technically, you only need a high school diploma to work as an accountant, so this small business idea is accessible to you. If you're an expert in a field such as engineering, finance, medicine, or veterinary health, you could earn a significant amount of money answering people's questions. JustAnswer is a platform that connects curious minds with those who have the necessary knowledge to answer questions accurately and completely. If you have a closet full of designer pieces in perfect condition, you can earn additional income by letting others rent them out. Starting a viable business with little or no money is more feasible than ever.
Here are 26 companies you can start practically for free (and those that aren't completely free come at a fairly low cost). They don't require expensive training or degrees, sophisticated equipment, or a lot of materials, space, or products. While not a new concept, monetized blogs are always a popular option for a practically free business. If you're good with dogs, you might also want to consider starting a business as a dog handler. Pet ownership has exploded since the COVID-19 pandemic, and many of these new furry friends have behavioral problems that need help exercising.
Keep in mind that, like other pet-related business suggestions, your business will do better in an area where demand is high and where there are many dog owners who need the type of training you can provide. Do you own a car (more specifically, a 4-door sedan, from 2001 or newer)? That's all you need to become an Uber driver, along with at least three years of driving experience and an impeccable track record. If you're excellent in a specific school subject or play a musical instrument, consider starting a tutoring business. The possibilities are almost endless, allowing you to specialize in your specific skills or interests (although you may have better luck as a general English teacher and not, for example, as a specialist in 19th century Gothic literature).
To get an idea of what the process of becoming a professional organizer looks like, download the definitive list of professional organizers from Organize 365 for tips on how to start an organizing company. You can also browse the Bplans gallery, which contains more than 550 examples of business plans from dozens of industries. Download as many as you want for free and start customizing them to fit your company's needs. How to start a business from scratch in 6 easy steps No, thanks, I prefer to write 40-page documents.
In addition, keeping your personal and business finances separate makes accounting and tax preparation easier. Undoubtedly, many service-based businesses can be created online without requiring substantial upfront costs or a business license, making them accessible to entrepreneurs with limited funds. We recommend that you start with your skill set so that you can easily determine the niche in which you can compete effectively. However, a freelance business idea that you can consider to make extra money could be to become a freelance writer.
You can get started without the need for money or office space and provide a useful skill to companies looking for additional financial help. Similarly, if you have an eye for necessary structural changes and you like to edit grammar and punctuation, you might consider starting a freelance publishing business. The types of small business structures are sole proprietorships, limited liability companies (LLCs), and corporations. However, before you buy your first fleet of trucks, start small with a moving van and keep your costs low.
If your native language is English or you speak more than one language, you could start a business to give private lessons to other people as a way to earn extra money online. We also recommend reviewing other people's work on portfolio websites to get an idea of what's “trending” and receive feedback as your small business grows. Amazon Sellers requires a little more upfront investment, but the return is often higher and you can turn your Amazon resale business into a more passive revenue stream. Photography businesses tend to grow by word of mouth, so create a Facebook page where you can tag recent customers. We recommend that you get off to a good start with this business by announcing it first to your friends, family and close neighbors.
To get your auto repair business off the ground, you'll need an SEO-optimized website and a way for customers to book online with you.
