10 Online Businesses You Can Start for Under $400
Starting a business online has never been more accessible. With just a modest investment, you can turn your passion into profit. Here, I give you ten online business ideas that you can kick off for under $400.
1. Drop-shipping Store
Drop-shipping allows you to sell products without holding inventory. You partner with suppliers who handle storage, packing, and shipping. Your investment primarily goes into setting up a website and running marketing campaigns. Platforms like Shopify or WooCommerce offer easy setups, often within your budget.
2. Print on Demand
Similar to drop-shipping, print-on-demand enables you to sell custom-designed clothing, home decor, or accessories without inventory worries. Websites like Printful or Teespring handle printing and shipping. Your main costs? A domain, design software (perhaps a subscription), and marketing.
3. Freelance Services
If you have skills in writing, graphic design, web development, or digital marketing, consider offering your services on platforms like Fiverr or Upwork. The initial investment involves setting up a professional profile and potentially investing in software that enhances your skill set.
4. Affiliate Marketing
Affiliate marketing is a performance-based business where you earn commissions for promoting products. You can start by creating a blog, utilizing social media, or launching a YouTube channel. Costs may include domain registration and hosting, along with potential advertising to drive traffic.
5. Virtual Assistant Services
With a growing number of entrepreneurs needing administrative support, becoming a virtual assistant is a lucrative option. Your primary investment would be a professional website and possibly online course fees to hone specific skills, but these costs can remain well under $400.
6. Online Tutoring
If you excel in a particular subject, online tutoring can be a rewarding venture. Platforms such as Tutor.com or VIPKid provide the infrastructure, letting you focus on marketing your services. Your main costs will include a good webcam and microphone and some advertising.
7. Social Media Management
Many businesses are looking for help with their social media presence. If you're savvy with platforms like Instagram, Facebook, or LinkedIn, you can offer social media management services. Start-up costs include educational resources and website creation, well within the $400 limit.
8. Content Creation
If you enjoy the following, writing, blogging or vlogging. This can be a profitable venture. Choose a niche that interests you, create content, and monetize through ads, sponsored posts, or merchandise. Start-up costs would primarily include a domain name, hosting, and possibly some basic video editing software.
9. Online Course Creation
Do you have expertise in a specific field? Creating and selling online courses can be incredibly profitable. Platforms like Udemy or Teachable allow you to host your courses. Your initial investment can go towards video equipment, software, and promotional efforts.
10. Consulting Services
If you have experience in a particular industry, business consulting can yield high returns. Build a website to market your services and use your existing network to gain clients. Start-up costs can be minimal.
Conclusion
Starting an online business doesn't require a lot of money, just the right approach can lead to success. Whether you choose drop-shipping, freelance services, or content creation, there are limitless possibilities. With just $400 or less to start.
SUGGESTED READING
How To Save Money / The beginners Guide