10 Small Business Models for Under $1,000

Not all business require six-figure business plans and budgets to get off the ground. Here are 10 small businesses that you can launch for under $1,000.

 

Tutoring Business

If straight As and sky-high GPAs is what you’re all about, then consider launching a tutoring business. All you need are a few basic tools – workbooks, calculator, a website, flyers – and you can start marketing your services right away.

 

Teespring Campaigner

Teespring allows anyone to design and sell custom t-shirts, tanks, and hoodies online. Users can sign up for a free account and start producing their own shirts. Simply upload your design or build one using Teespring’s easy click-to-enter designing tool. Set your price, sales goal, and deadline, and you’re ready to launch your campaign.

Small business model

The best thing about Teespring is that it’s zero risk. If you don’t meet your minimum goal, the shirts aren’t printed and you haven’t lost any money. If your sales target is reached, then Teespring will print and ship the shirts for you, taking their predetermined cut. You just have to sit back and let the money roll in.

 

Exercise Classes

If you have prior personal training experience or have a wealth of fitness knowledge, then consider launching an exercise class business. Book a studio at a gym or just hold sessions at your local park to keep things simple. Launch a Facebook page and a YouTube account with videos demonstrating a few exercises and you’re well on your way to growing your business.

Exercise business model

Mystery Shopper

For those who have spent many years working in retail but are looking for a new experience, leveraging your expertise in the form of a mystery shopper is one possibility. Research how retail staff should be graded and create your own rating scheme. Then launch a website and get your business’s name out there through networking and advertising. Let the shopping begin!

 

Airbnb Renter

If you live in a region that hosts many tourists throughout the year and have a spare bedroom in your house, starting your own rental business through Airbnb is a great way to generate some additional income. For less than $1,000, you can spruce up the spare room, buy some new linens and towels, and purchase a Lockitron, which allows you to manage keyless entry for guests using your smartphone.

 

Virtual Personal Assistant

In today’s fast-paced business environment, many people find themselves unable to keep on top of all their day-to-day tasks. Fortunately for them, finding a personal assistant has never been easier thanks to the Internet and mobile technologies. Virtual personal assistants can draft emails, organize calendars, and book meetings for their clients from the comfort of their home. All you need to get started is an Internet connection and sharp organizational skills.

 

Wedding Videography

In addition to formal wedding photographs, many brides and grooms opt to hire a videographer to capture the candid moments of their special day. If you have prior experience shooting videos, then you might want to consider starting your own wedding videography business. For under $1,000, you can buy an HD video camera and some video editing software. The rest of your budget can go to marketing your business.

 

Coupon Business

TLC’s Extreme Couponing has generated a renewed interest in saving money through couponing. But some people are simply too busy to shuffle through flyers and cut out coupons. For those with some extra time on their hands and a good pair of scissors, launching a coupon subscription business is a great way to earn money. Simply create custom coupon booklets for your clients based on their needs.

 

Maid Services

All you need is a website, some business cards, and a few cleaning products to launch your own cleaning business. Make sure to ask for recommendations and referrals from your satisfied customers in order to grow your business quicker.

Service industry business

 

Catering Business

If you love to cook and want to make a career out of it, then launching a catering business from your own home kitchen might be right up your alley. Launch a website that features some of your specialty dishes and sample menus and hire a photographer to capture beautiful photos of your creations in just the right lighting.

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About the author

Matthew Khalili – MBA Business Consultant

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