What Business Can I Start With $100k
Starting your business with just $100,000 is an incredible opportunity. You can choose to run your business in any genre, market, or even close down existing businesses before opening yours up as a clone.
Businesses that start with this little money tend to become major corporations very quickly. Look at Amazon, Netflix, and Walmart – all started off with less than what you have now!
With technology being one of the main resources for most successful entrepreneurs, it’s easy to begin creating your own digital products and services.
By starting your business with no overhead, you will not only be able to keep control over your budget, but you will also have access to many free resources online. Online courses are great ways to learn new skills while providing guidance from other experts in the field.
There are several types of businesses that can be done through different mediums including social media, mobile apps, website domains, and more. It does not matter how big or small your goal is, this book will get you there.
Create a website or online store
Starting your business does not require a large amount of money, nor do you need to have an existing business model before you launch. All you really need is a computer, internet access, and a good moral compass.
From there, you can create, edit, and publish any kind of content that you want to offer to the world. You can write about anything – from how to be a better parent to what are the best tips for staying in shape.
You can also put up pictures and other media and add some features like videos and chat rooms. It’s completely free to start, which is one of the biggest benefits!
There are many ways to make money aside from through sales. Creating blogs and offering writing services are both great examples of this. Many people make a decent living off blogging so it is definitely a career path that can get you rich.
Start a online tutoring business
Online teaching is a growing field that has become very popular in recent years. There are many companies that offer students and teachers the opportunity to make money through creating an account with them and offering lessons or tutorials.
Many of these sites have you create an account via their platform where you can then start promoting your services and earning income.
Some of the more well-known sites include Udemy, Teachable, and Skillshare. These are all great resources to use for learning how to teach others while providing student experience.
There are also lots of other ways to earn revenue from teaching including running a free lesson, selling classroom materials, and even starting your own course!
With so many options, it’s easy to get overwhelmed. Luckily, there are some great beginner level guides out there that give you tips and tricks for becoming an expert teacher quickly.
Start a financial consulting business
A solid way to make money quickly is to start a financial consulting business. This can be done anywhere in the world, it’s easy to get going, and you don’t need much of an income to get started.
Most people are clueless when it comes to investing their hard-earned dollars, so professional investors usually spend their time talking about how to best invest for individuals.
That’s where most people go wrong. Individual investment isn’t what makes people rich — group investments are what do that.
By working as a stock broker or portfolio manager, individual investors are able to pick and choose which companies they want to invest in. These investors also earn a commission off each sale they facilitate.
Starting your own financial consulting business
Teaching others about investing and earning commissions is just like starting a restaurant! You take what you know and turn it into something profitable.
Here’s some more insight on opening a brokerage firm. Check out our similar article here: How To Become An Investment Pro.
Just because things aren’t necessarily perfect doesn’t mean we shouldn’t pursue them. Most successful businesses have some kind of quality around them that works, even if there are other alternatives that seem better.
A good test is whether or not you’re willing to put in the effort necessary to succeed, and if you are then go ahead and give it a try.
Start a coaching business
Starting your own business is one of the best things you can do if you want to change your life, or at least give yourself more opportunities. A coach is someone who helps you develop other professionals by educating them about certain topics and helping them achieve their goals.
It’s not too hard to be a professional football player, but only some people have that talent. Being able to help others become professional athletes is what a sports coach does!
There are many ways to make money as a coach, but none better than the next. By offering your services to employers and companies, you will be paid very well for giving advice to executives in various fields.
Business coaches focus mostly on two areas: marketing and finance. Both of these are important skills anyone can learn and work with to improve their income.
Many college students don’t know how to manage their finances, so there are plenty of positions available here. Others may need guidance in creating an effective marketing strategy. There are always new trends in marketing, so this is something they can study.
Start a recipe business
Starting from where most people start with, creating recipes is another way to make money as a creative person. There are many ways to develop your creativity and product-based businesses are one of the best ways to do that.
A lot of people begin doing this by copying other recipes or making recipes using ingredients that they have access to. These are both good starting points, but it is not enough!
You should take some time to learn how to cook yourself before trying to create your own recipes. By learning how to prepare basic foods, you will know what needs to be done in terms of flavor and texture. This will help you pick appropriate additives and supplements for your concoctions.
There are several companies out there that can aid you in developing your culinary skills. While paying someone to teach you about cooking may seem ideal, nothing can match the cost effectiveness of investing into your culinary knowledge yourself.
Another option is to use your creativity to find new recipes to add to the already vast collection that exists.
Start a crafting business
Starting your own creative business is something that every person with a bit of creativity in them should consider. There are limitless ways to make money doing crafts! In fact, there are even websites where you can create free designs or get paid for designing new products.
Most people start working as an artist by taking art classes or teaching themselves how to do crafty things such as painting, drawing, sewing, and so on. Some artists begin by selling their work directly through social media sites like Instagram or YouTube, or via Etsy, which is a website that allows you to sell your handmade items.
There are many more ways to go about it, but these three are very common routes most artists take. It is not too difficult if you have some basic skills and knowledge of arts and crafts.
Making crafts is a great way to earn extra income. People will always need decorations for Christmas or birthdays, and having someone close to help with this can be profitable.
Start a florist business
Starting your own flower shop is one of the best ways to make money as a beginner entrepreneur. There are many different types of floral businesses you can start with just about every price range! Some of the most common ones include wholesale, retail, and design/arrangement.
Wholesale florists buy flowers in bulk at a discount and sell them lower than what they would cost if bought individually. Retailers purchase flowers at full price and then resell them, making more profit. Design/Arrangement professionals work with individual clients to create wedding or funeral ceremonies or decorations such as boutonnieres and corsages.
There are several reasons why starting your own floral business is a great idea. First, it’s a low investment — usually only a few thousand dollars to get started. Second, there are plenty of opportunities to test out the various sections of the industry before investing more heavily. Third, even though most don’t realize it, everyone loves fresh cut flowers! So there’s an ample supply of customers to be found without having to run expensive marketing campaigns.
Another good reason to consider becoming a florist is that nearly anyone can do it. While some people have natural talent for designing bouquets, others must learn how to put together gifts or else products will not match properly and/or look boring.
Start a voice or online advertising business
Starting from somewhere between no money and just enough to put in up, you can still launch a very successful internet marketing company. One of my favorite starting points is investing in voice ads or what we call paid content websites.
A voice ad is when someone other than you produces the advertisement. For example, if you own a restaurant, you could hire another person to tell your customers about the services you offer and how they could benefit from them.
This is typically done through an audio format like a podcast or YouTube channel that features you as the host. It’s similar to having a radio show with people listening instead of only individuals searching for information on your product or service.
By producing your own content, you will be landing some targeted traffic that may want to purchase your products or at least check out your services. This is especially true if your content is helpful and informational.
You can also do this via a website. You would have to pay someone to write down or talk about your products and services, but you can promote yourself by saying things such as “And here are our latest products!” or “We hope you enjoy reading this article about _________________.
