10 of The Most Profitable Businesses With Low Startup Costs In 2018

Do you want to start your own business but are afraid to make the first step because you don’t have enough money? Don’t let that stop you. There are many businesses that you can start for little or no money at all. If others have done it, why can’t you? Here are some of the businesses that you can start this year that you can begin with just a low startup cost. Putting up a service business requires just a little amount of money. However, you really need to be customer oriented and service minded if you are to succeed in this industry. Here are some service businesses that you may want to consider.

Cleaning Service:

Starting a cleaning service business will only require you to buy a set of cleaning equipment and cleaning materials. The total amount of all the things you need shouldn’t break your bank. But this is a good business to start because your customers will usually pay cash for the cleaning services that you will provide them. The usual pay that housekeepers get is around $26 per hour.

Accounting Services:

If you are a graduate of accounting and a C.P.A. you can start your own company that provides accounting services. Even big companies that have accounting departments need outside accountants to do their auditing. These companies are your potential clients. You can also offer bookkeeping and payroll services to small and medium businesses that can’t afford to have their own accounting staff. Tax preparation is another potential income earner if you are an accountant. You can help businessmen and free-lance income earners organize their tax filings every year.

Translation Services:

If you are multi-lingual, you can offer your services to companies with international or global operations. These companies often need translation services for their managers who only speak one language. If you are able to understand and speak Japanese, Spanish, Italian, Chinese or any language for that matter, you can offer your services to international companies and do their foreign language translation.

Repair Service:

Do you know a lot about cars, bicycles, computers, TVs and other appliances? If you do, you can start your own repair service. Cars are one of the most difficult machines to maintain and repair. So, if you are able to do a car mechanic’s job, you can offer your services to those whose cars are already out of warranty. If you are a biker and have the skill to assemble and repair bikes, you can offer your repair services to bikers who can’t maintain or repair their bikes. You can help your customers save money since it is very expensive to have a car or bike repaired in a repair shop.

Direct Selling:

Selling product directly to customers is the cheapest way to earn cash. If you are successful in selling different kinds of products or services, you could earn a good sum of money and establish your own selling and marketing firm. But you really need to be steely and tough minded because you will experience a lot of rejections. There are many products and services that need to be introduced to customers. The job of the salesman is to tell people how these products and services will benefit them. If you can do that, you are on your way to success.

Real Estate Agent:

One of the highest paying selling professions is that of a real estate agent. The commissions paid to real estate agents are one of the highest in the selling industry. But you really need to persevere to sell real estate property.

Vlogger or Blogger:

Being a vlogger or a blogger will certainly provide you a source of income. If you have a talent in writing and shooting videos and can present your creations in a unique and interesting way, you can attract thousands of followers. But you need to be good in writing and taking videos with your camera. And be sure that you always come out with original content.

Copywriting Agency:

If you have accumulated a lot of experience in writing content, why not start a copywriting agency? You can hire freelance writers as your copywriters in your agency and earn good money as a result.

Wedding Planner:

Nowadays, it is customary for people who are getting married to hire an event planner to take care of all their wedding plans.

Private Day Care Center:

If you love children, you can establish a day care center in your local area and be of service to working mothers who have to leave their children to work at the office.

Joshua Gruss is the Founder and CEO of Round Hill Music.

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