Are you looking to start a business but you don’t have the funds to do so? Perhaps you need to start small and build your company that way. Whatever the case may be, there are many reliable business models that can be started for under $10k.
In this post, I’ve outlined 9 profitable businesses that I believe anyone can start for under $10k.
Let’s get to it.
If you’re short on time and want to get right to the point, here are some of the best businesses to start with 10k:
- Start a Youtube Channel
- Vacuum Cleaner Repair
- Chimney Cleaning
- Window Treatment Business
- Freelance Copywriting
- Carpet Installation
- Apartment Preparation Service
- Personal Training
- Self Service Gym
SEE: Small Business Ideas You Can Start With a Little Budget
The Best Business to Start With 10k
This part provides a piece of full advice on how to establish a business with 10k in this post. By the end of this article, you should have figured out which business to start right away.
1. Start a YouTube Channel
Every week, YouTube generates billions of views, making it the biggest video streaming website on the planet.
It is the most frequently utilized and well-known social media site. For a variety of reasons, many people start their own YouTube channel.
You can be an entertainer looking for a way to reach a larger audience. Or a well-known specialist in your profession who wants to make educational movies for your colleagues.
You might also be a business that requires a location to host, access, and share promotional videos. It’s really simple to start your own YouTube channel.
The service is free to use. Making videos is as simple as recording a video with your smartphone and uploading it to the platform. Professional equipment is used by the most successful YouTube channels.
This normally entails purchasing microphones, cameras, stands, video editing software, and lighting fixtures, among other things.
The good thing to note is that all of the mentioned gears above can be purchased for less than $10,000.
SEE: How To Make Money On YouTube
2. Vacuum Cleaner Repairs
Vacuum cleaners are intended to suck, so when they don’t, it’s a concern. This business model is becoming increasingly rare, but vacuums still fail. Which means you have a tremendous chance to start your own.
You’ll need to learn how to repair a vacuum cleaner if you’ve never done so before. Then, you’ll also have to learn how to fix various vacuum brands and models.
Vacuum repair can be learned using a variety of resources, including YouTube channels and how-to books.
You could theoretically learn to repair each vacuum as it arrives until you get the hang of it.
Your competition will arise from customers who simply go out and buy a new vacuum whenever their old unit breaks, rather than from other repair companies. Consider using direct mail to spread the word about your service.
Also, while marketing, stress that having a vacuum repaired is less expensive than purchasing a new one. Instead of having consumers bring their vacuums to your shop, explore being mobile.
The ease of having someone come to your house to repair a vacuum could be a powerful counterpoint against those who desire to simply buy a new vacuum.
3. Chimney Cleaning
The best way to get around this is to buy a franchise. When you do, you will be given the necessary equipment and instruction.
This is due to the importance of the expertise and skills required for this job. If you wish to work solo, gather the appropriate tools, such as a ladder and flue brushes, and make sure that height is not an issue.
A typical chimney cleaning can take about 2 hours and cost up to $370. If your work is excellent, you will almost certainly gain additional clients. As a result, your earnings will rise over time.
4. Window Treatments Company
This is yet another brilliant enterprise to venture into. You can simply advertise your company online and engage with clients there. Another way to go about it is by paying them a visit to their house.
Window treatments come in a variety of colors and textures, which appeal to many people. They also frequently want to see how a sample would appear in their own home.
Perhaps they’ll pick up a sample at your shop. Maybe you could send them a sample or pay them a visit with a sample.
It is possible to spend a lot of money on good window treatments. However, they greatly enhance the appeal of any space in a house. It also provides some weather protection, which cuts costs on utilities.
Whether you have a physical location or not, you’ll need a great website for this enterprise. You’ll need beautiful photographs of window treatments, including any that you’ve placed yourself.
You’ll also want to highlight all of the different colors, textures, and brands you have to offer. In addition, you’ll also want to gather consumer testimonials as soon as feasible.
5. Freelance Copywriting
Among the basic enterprises to start is this one. Every company needs someone who specializes in promotional writing.
A background in marketing, promotion, or technical writing will undoubtedly be advantageous.
Freelancing platforms such as Upwork allow you to pitch yourself and your abilities to clients, as well as publish portfolios and facts about your expertise.
Someone will hire you for a project if they appreciate your writing style and believe you have the necessary skills.
The only investment required to start this business is a personal computing device, such as a laptop or computer, as well as an internet connection.
The typical price of a laptop in the United States is roughly $350-$800, making this a fairly accessible business.
6. Carpet Installation
Although hardwood floors are no longer popular in homes, carpeting is still required in many locations.
Hotels, most flats, and certain restaurants, for example, virtually always have carpeted flooring. Carpet installation is required anywhere commercial real estate exists.
If you’re thinking about beginning a business in this field, chances are you’ve previously done some installation work personally. Make a brochure out of your work. Create a website and include photos of your floors.
Then think about what you’ll require. Basic installation tools, probably a small truck, adequate transportation funds to move from place to place.
In addition, some promotional and advertising funds are all required. If you’ve never worked as a carpet installer before, there are a variety of options available to you.
You can hunt for clients by speaking with flooring store managers. Some may provide their installation, while others may contract it out, leaving you with an opportunity.
For flooring installers, there are numerous trade periodicals and professional organizations to choose from. Check them out for trade secrets and to get a sense of who your competitors are.
To get the word out concerning your services, post ads on Craigslist, in your local newspaper, and even on local radio. When you have a few clients, don’t be afraid to ask them to get you referrals.
7. Apartment Prep Service
Landlords and property managers work around the clock and are eager to make a profit on their rental homes. As a result, instead of someone taking their money, they will see this service as a lifesaver.
They understand that the nicer a property appears, the greater the rent. As a result, they are happy to sublease their properties’ cleaning and renovations to someone with time.
Garden maintenance, painting, glass replacement, carpet cleaning, trash collection, minor maintenance, and other services are available.
To promote your services, you might join a landlords association or a property management association, as well as meet and call real estate offices.
Do a good job so that word-of-mouth advertising from happy customers can help you. You might need a vehicle to transport items like steam cleaners, ladders, and vacuum cleaners, among other things.
Obtaining this equipment should not be exorbitantly expensive, perhaps a few thousand dollars which are not up to $10,000.
8. Personal Trainer
A personal trainer business is a great idea for fitness enthusiasts who enjoy assisting others in achieving their goals.
The entry requirements to this profession are extremely low. All you need is a personal training certificate and a background in athletics, sport, or fitness.
Personal training certificates are readily accessible in the United States, and they range in price from $199 to $2,000.
Aside from the certification fee, you may require some equipment like med rollers, resistance bands, yoga mats, stopwatch, and other items that should cost no more than a few hundred dollars.
You could also work in a gym, where you won’t have to pay for equipment and will only have to cover rent and insurance.
9. Self-Service Gym
This gym business idea is as straightforward as it gets. You don’t even need personnel when you have a self-service gym. Customers are given a keycard instead.
You can also give them access unrestricted daily access with this strategy. Beginning with modest space is the best way to go for a start. You might start by offering only basic fitness machines, biking, or cardio machines.
In addition, you could also just offer classes. Or you could provide yoga classes. Later on, you might want to explore moving to a larger space with more workout alternatives.
If you do plan to buy machinery, you should be able to save money by leasing from manufacturers or resellers.
You’ll need to undertake some promotion to get this business off the ground. However, if you can keep your clients, you’ll be able to build a solid, consistent cash stream rapidly.
Which enterprise should I start?
Typically, the best enterprise for you is one where you possess the maximum experience and interest. If you’re not the shy type, you might consider starting a YouTube channel.
While you explore your possibilities, you should speak with local experts and entrepreneurs about the prospects in your area.
SEE: Best Businesses for Small Towns
What is the operating budget of a small business?
Most small businesses, as reported by the US Small Business Administration, require between $2,000 and $5,000 to begin operation.
The expense of managing a small business, on the other hand, is influenced by the type of service or product provided.
Taking the entrepreneurial jump is a significant life shift that will take some time to acclimate to. However, once you find your stride, you’ll be sailing on a sea of fortune.
Anyway, the best business to start with 10k that I recommend is the one that requires the least amount of capital to get started. This is because projections may not turn out the way you had hoped.
Every day, business is being lost by small businesses. The biggest reason is due to a lack of knowledge on starting a business. It’s the same old mistake being repeated over and over again by many small businesses
We ofter expect our business to start off with big success right out of the gate without putting in the legwork upfront. This is set us up for inevitable failure. The fact of the matter is, nobody owes your business success. It’s up to you to make it happen.
Finally, to further help you with more profitable business ideas you can start with 10k or less, here is a massive list of businesses you should check out.
Thanks for reading.