Starting a startup is exciting and challenging, but no matter how good your business plan is, there’s always equal room for failure and success. That’s why you need a proper strategy from day one and a way to realize your ideas without losing too much money. The problem with startups is the initial investments that most young entrepreneurs have a hard time obtaining, so try to launch your startup on a certain budget. Since this is never easy, here are a few low-cost startup ideas you could investigate.
Selling Used Books
With so many avid readers around the world, it seems that most publishing companies have no problem staying afloat no matter what they publish. However, becoming a part of Penguin Random House or HarperCollins might be a problem, so many young business owners turn to the other side of the book industry – selling used books! This is a business you can start with almost no money, as long as you have a first batch of titles to offer. Keep the margins low, offer your selection online and advertise in your neighborhood. If you manage to score a success early on, you could even strike a deal with eBay or AbeBooks and secure your company’s future for the years to come.
This is a rather unusual choice of a career for many people but once you think it over, it’s not hard to realize that this might the perfect job for someone who loves animals and wants to start their own business. Not many people know that successful pet sitters can make a small fortune – charging between $50 and $75 a day or about $20 for a short visit can get you quite rich really fast. However, if you start a company and hire a few other pet lovers, your startup can grow and you’ll be making some serious money, especially in areas with a dense pet population.
Speaking of this line of work, house sitting is another amazing way to make a living without having to put in a lot of hard work. House sitters make around $50 for an overnight stay, but if you turn this idea into a business model, you could offer additional services and introduce higher rates. House sitters can take care of the owners’ pets, water their plants, bring in their mail, turn their lights on and off, do their shopping or even clean their house. Additionally, you can charge your clients for your commute, food, drinks and provisions, thus earning even more.
This is something that usually starts as a hobby, but often turns into a business model. With so many opportunities on the Internet, young designers can find lots of work in all fields of graphic design. Most start with logo design and move onto designing business cards and corporate identities, or even upgrade their skillset and get into designing templates for websites, coding and web developing. With a few additional employees, your future design company can make money online and offline as well – just offer professional services and fair prices to the people in your area, and effective word-of-mouth marketing will take care of the rest.
If you’re short of money, but have a few useful resources – a huge empty warehouse, some shelves, forklifts and storage units – this is the industry for you. Starting a warehouse business sounds challenging and expensive at first, but it’s highly lucrative and on demand right now. With so many companies struggling with storage space, your new startup could begin getting new clients right away. However, think about adding some additional security to your warehouse – a trustworthy HID reader or two will elevate the quality of your services and you’ll be able to offer your clients better security monitoring of their goods.
Some of the other sustainable, yet highly affordable business ideas for a new startup include an interior design company, a taxi service, a cleaning company and delivering groceries. None of these require too much money or resources, and all of them can be turned into successful companies in a matter of months. Remember – as long as you do what makes you happy and continue to excel, there’s no way your new startup will fail!