Dreaming of being your own boss or looking to supplement your income? Starting a business doesn’t have to drain your savings. While you may not create the next tech giant overnight with a modest budget, there are numerous small business opportunities that require minimal investment and offer substantial potential.

Here’s a list of 20 businesses you can launch with $500 or less to kickstart your entrepreneurial journey.

1. Online Reseller

The internet has made it easier than ever to start selling products on vtrahe. Platforms like Amazon, eBay, and Etsy allow you to set up shop with minimal overhead. Start by sourcing inexpensive inventory from local thrift stores, discount outlets, or even your own home. The key is buying low and selling high, factoring in marketplace fees.

2. Virtual Instructor or Coach

If you have a skill—be it cooking, music, or fitness—you can monetize it by offering virtual classes. For example, a chef turned pandemic challenges into opportunities by hosting online cooking workshops with little more than a laptop and internet connection. Make your sessions engaging and unique to attract students.

3. Dropshipping Entrepreneur

Dropshipping lets you sell products without holding inventory. Simply partner with suppliers who handle shipping while you focus on building an online store. Platforms like Shopify make it easy to start for a small fee, and you can experiment with different niches to find what sells.

4. Social Media Consultant

With businesses relying on platforms like Instagram and TikTok, your social media expertise can be highly valuable. Help brands craft strategies, grow their followers, and increase engagement—all with little to no upfront investment.

5. Freelance Writer or Editor

As businesses continue to need high-quality content, skilled writers and editors are in demand. Platforms like Upwork and Fiverr offer plenty of opportunities to find clients. Showcase your unique voice and style to stand out.

6. Direct Sales Representative

Companies like Avon, Mary Kay, and Tupperware make it easy to start selling their products with a small initial fee. Leverage your network and social media presence to build a loyal customer base.

7. DIY Crafts and Edibles

Turn your hobbies into a business by selling handmade crafts or baked goods. Platforms like Facebook Marketplace and Etsy are perfect for showcasing your creations to a local or global audience.

8. Lawn Care Service

If you have a lawn mower and a love for the outdoors, consider starting a lawn care business. With minimal equipment, you can provide mowing, raking, and basic landscaping services to neighbors and small businesses.

9. Airbnb Hosting

Got a spare room or vacation home? Listing it on Airbnb can be a lucrative way to earn extra income. Start small and expand as you gain experience and positive reviews.

10. Home Repair Specialist

If you’re handy with tools, consider offering basic home repair or improvement services. People are always looking for affordable solutions for minor repairs.

11. Pet Care Services

From dog walking to pet sitting, this is a perfect business for animal lovers. The only investment required is time and a bit of marketing to spread the word.

12. Virtual Assistant

Support business owners with tasks like email management, calendar scheduling, or social media updates. All you need is a computer, an internet connection, and good organizational skills.

13. Errand Running Service

Busy individuals appreciate someone who can take care of their errands. Create flyers or post on social media to advertise your services, including grocery shopping, deliveries, or other personal tasks.

14. Personal Tutor

Use your expertise to help students excel academically or teach specialized skills like music or coding. Offer sessions online or in person, depending on your client’s preferences.

15. Business Consultant

If you have experience in marketing, finance, or operations, share your knowledge as a consultant. Build a professional online presence to attract clients and showcase your expertise.

16. Professional Organizer

Many people need help decluttering their homes or offices. As a professional organizer, you can assist clients in creating functional and tidy spaces. Minimal tools are needed to get started.

17. Freelance Translator

If you’re fluent in multiple languages, offer translation services to businesses or individuals. There’s consistent demand for translating legal, medical, or business documents.

18. Mobile Notary Service

Help clients certify important documents by becoming a mobile notary. Licensing fees are minimal, and you can charge per document or appointment.

19. Laundry Service

With access to a washer and dryer, you can offer laundry services that include washing, drying, and ironing. Add pickup and delivery for a premium touch.

20. House Cleaning Business

A cleaning service is always in demand. With basic supplies and a reliable vacuum, you can start serving clients who value a spotless home.

What to Consider Before Starting a Business

Launching a business, even on a small scale, requires preparation. Here are some essential steps:

• Validate Your Idea: Passion is crucial, but ensure there’s market demand for your product or service.
• Understand the Market: Research trends, competition, and potential challenges. This helps you find your niche and stand out.
• Master the Four P’s: Price, product, placement, and promotion are key to marketing success. Know where your business fits within these parameters.
• Learn the Basics: Familiarize yourself with business terminology and tools to operate effectively.

Final Thoughts

Starting a business with minimal investment is possible, thanks to today’s digital tools and platforms. However, success often depends on proper planning and understanding your target audience. By starting small and focusing on delivering quality, you can gradually expand and grow your business into something truly rewarding.