How to Start a Low-Cost Business — Infographic


How to Start a Low-Cost Business — Infographic

Table of Contents

You’ve got a great idea and think it would make an amazing business, but there’s just one problem — you don’t have a lot of money to spend. Fear not — with the right approach, you can get a business up and running with very little cost. 

There are a ton of successful bootstrapped businesses that are built on scrappy attitudes, strong motivations and careful cash management. If you want to grow a successful business without big expenses, then you’ll need to follow a few good principles.

Starting A Low Cost Business Guide

What Is the Easiest Business to Start with No Money?

We believe that the easiest low-cost businesses to start are those where you’re selling your skills and services. You don’t need to spend money buying products to sell, and you won’t have the overheads of storage, packaging, distribution or anything like that. 

That’s why we recommend selling your knowledge and expertise. You might do that as a freelancer by providing writing, editing, design, programming or similar skills. Alternatively, you might teach others, offer creative classes or provide caregiving for homes, pets or people. 

For more great business ideas, we recommend our guides. You can start with a comprehensive list of low-cost ideas, and we’ve also got a guide to businesses you can start from home. If you have a little money to spend, then here’s a guide to business ideas under $500 and another if you have up to $1,000 to spend on starting a business

You’re ready, and a lack of money isn’t an obstacle to following your dream. For a super-helpful guide on launching your new venture, see our complete “Start Your Business Checklist.”

Want to Know All the Steps to Start Your Biz? Download Our Free Checklist.

Paper List

Like What You're Reading?

Get fresh monthly tips to start & grow your LLC.

Related Articles

  • 2023 Tax Deduction Cheat Sheet (Plus Key Tax Workarounds)
  • 20 Businesses You Can Start with $1,000
  • 5 Virtual Address Services for Your Small Business
  • 15 Items You Can Easily Flip for $100-$5,000 in Profit a Month
  • 30 Profitable Food Truck Ideas for the Bootstrapped Entrepreneur
  • 15 U.S. States with the Lowest State Fee to Start a Business Today
  • Small Business Grants for Women — 25+ Ways to Fund Your Business
  • Applying for Funding for Your Business? Here's Why Incfile's Fresh Start Grant Is What You Need
  • Filing Taxes as an S Corp: The DIY Guide
  • How to Pay Yourself From an LLC
  • So You Moved? Follow This Guide to Moving Your LLC to Another State
  • NAIC Codes: What They Are + How to Find Yours
  • ​Do LLCs Get a 1099 During Tax Time?
  • 30 Best Businesses to Start in 2023
  • If You're Not a U.S. Citizen, Can You Get an EIN for Your Business?
  • 7 Home Business Ideas That Double as Tax Write-Offs
  • Need a Physical Address for Your Business?
  • S Corporation vs. C Corporation: Which One Is Right for Your Business?
  • Are Non-U.S. Residents Allowed to Own a Corporation or LLC?
  • 21 Cheapest Business to Start Under $500