How to Start a Low-Cost Business — Infographic

3

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.

3
Paper List

Like What You're Reading?

Get fresh monthly tips to start & grow your LLC.

Related Articles

  • 30 Profitable Food Truck Ideas for the Bootstrapped Entrepreneur
  • 15 U.S. States with the Lowest State Fee to Start a Business Today
  • 15 Items You Can Easily Flip for $100-$5,000 in Profit a Month
  • S Corp vs. C Corp: Differences and Benefits of Each
  • 5 Virtual Address Services for Your Small Business
  • So You Moved? Follow This Guide to Moving Your LLC to Another State
  • How to Pay Yourself From an LLC
  • ​Do LLCs Get a 1099 During Tax Time?
  • Your 7-Minute Guide to Understanding Business Structures. Choose the Right One Right Away.
  • PLLC vs. LLC: What You Need to Know
  • LLC vs. Sole Proprietorship: Which One Is Right for Your Small Business?
  • Are Non-U.S. Residents Allowed to Own a Corporation or LLC?
  • How to Create and File an LLC for Free
  • LLC vs. S Corp: Pros, Cons, and Differences
  • Can You Have Multiple Businesses Under One LLC? What Are the Rules?
  • If You're Not a U.S. Citizen, Can You Get an EIN for Your Business?
  • Understanding DBAs and How They May Be Beneficial to Your Small Business
  • Manager-Managed vs. Member-Managed LLC: What Should You Choose?
  • A Giant List of Self-Employment Ideas
  • Side Hustles for Teens: 20 Ideas to Get Started