2016-04-20



You know you want to start something for yourself. You just need to funnel your ambition and time into an idea that’ll earn extra cash, make you proud, and possibly lead to a full-time venture—and that amazing moment you get to say “I quit!” to your boss. But what great idea should you say “I start!” to?

From childcare, fix-it services, and party planning to business consulting, artisan manufacturing, and resume writing, there is a business for every skill level, interest and budget in our list of ideas you can start for less than $10,000. Some ideas listed here can even be started for less than $2,000!



Image credit: Shutterstock

These businesses can be started on a full- or part-time basis. Your location may be just an online presence, your clients’ homes or businesses, a work van or truck, or even a small storefront. You’ll advertise locally with fliers and coupons, cold-call potential clients, or set up shop with a website and online advertising campaign—finding customers will depend on the business idea you choose.

Each idea includes an overview of the business, a skill level recommendation needed to provide the service or create the product, ideas for marketing your business, and current average rates others are charging in this field. We’ve also included a list of resources for each business idea, including business associations, websites and books, which will help you continue your research should an idea spark your passion. Featuring a resource in this list of ideas is by no means an endorsement of the company or publication; it is the responsibility of every entrepreneur to make sure he or she is doing business with reputable organizations. Rather, these are the just first resources for your journey from idea to business ownership.

Business ideas under $2,000
Business ideas under $10,000

Under $2,000

1. Resume Service

Finding the perfect words to describe why people’s experiences, special skills, and interests make them the right candidate for a job is difficult work. That’s why resume services continue to flourish despite the fact that most people have the tools (a computer and word processing program) to write their own. If you are a wordsmith with a human resources, management, or administration background, this idea may be the perfect opportunity for you.

One of the best aspects about the idea of starting a resume service is that you can start small, part-time, and keep costs low by working at home with your current computer. It's the perfect opportunity for people looking to earn an extra few hundred dollars a month. In addition to resumes, other ideas include writing cover letters and thank-you notes, assisting with LinkedIn profiles, and helping clients build portfolios if their industry requires them. As a way to separate your resume service idea from competitors', considering offering consulting on how to dress for interviews, how to handle themselves in a stressful interview situation, how to make follow-up telephone calls, how to prepare for interviews, and how to network for that dream job. Advertise locally, online, and through career expos. Once established, word-of-mouth advertising and customer testimonials will go a long way to keeping you busy with this business idea.

At a Glance

Investment: Under $2K

Rate: $15+

Skill Level: 1–2

Resources:

The National Resume Writers’ Association

Professional Association of Resume Writers & Career Coaches

Knock 'em Dead Resume Templates by Martin Yate (Adams Media, 2014)

Resumes That Stand Out! by L. Xavier Cano (Chester Publishing, 2014)



Image credit: Shutterstock

2. Personal Shopper

If you love to shop, this is the business idea for you. Earn great money and have fun by starting a personal shopping service assisting people who are too busy to shop, who don’t like to shop, or who can’t get out to do their own shopping. Lots of busy and well-heeled people love the idea of hiring personal shoppers to select gifts for any number of special occasions, including birthdays, births, weddings, holidays, and anniversaries. And it’s not just new products they’re after: Personal shoppers are also hired by interior designers and collectors to rummage through flea markets, consignment shops, antique dealers, and garage sales for collectibles, art, books, antiques, and funky home and office decor.

Corporations hire personal shoppers to purchase gifts for customers, prospects, business partners, investors, employees, and executives, as well as to purchase products for gift bag giveaways at special events, ceremonies and seminars. Seniors and other people who may find it difficult to get around hire personal shoppers to purchase groceries, clothing and other home and personal products. Best of all, no experience is required to get started. If you love to shop, have good taste, are creative, and don’t mind networking with business owners, corporate executives and people from all walks of life, you’re qualified to turn the personal-shopper business idea into a reality.

At a Glance

Investment: Under $2K

Rate: $25+

Skill Level: 1 Resources:

International Association of Professional Personal Shoppers

Personal Shoppers Association

FabJob Guide to Become a Personal Shopper by Peter J. Gallanis, Tag Goulet and Laura Harrison McBride (FabJob Guides, 2005)

Start Your Own Personal Concierge Service by Entrepreneur Press and Ciree Linsenman (Entrepreneur Press, 2011)

3. Homebased Alteration Service

Calling all people with sewing skills and a sewing machine! It’s time to capitalize on your talent and ideas by providing garment and fabric alteration services right from the convenience of a home workspace, and earn a bundle of money in the process.

Dry cleaners, fashion retailers, uniform retailers, bridal boutiques, costume shops, drapery studios, and consignment clothing shops—all are potential customers for your service. In fact, any businesses that retail or rent clothing of any sort are potential customers, and for that matter so is any person who is in need of alteration services.

Try this idea as a quick-start marketing method: put on a comfortable pair of shoes and start calling on businesses most likely to require alteration services. Offer free pick-up and delivery, fast turnaround times, great service, and quality workmanship, all at fair prices. Your business clients benefit because they can offer alteration services to customers for free, ensuring repeat business. Or, they can make it in to a profit center by marking up what you charge. Along with your sewing skills, you will need the tools of the sewing trade and reliable transportation to bring this business idea to fruition.

At a Glance

Investment: Under $2K

Rate: $15+

Skill Level: 2

Resources:

Association of Sewing and Design Professionals

Custom Tailors and Designers Association

Sewing.org

4. Valet Parking Service

A driver’s license, the ability to obtain third-party liability insurance, and an outgoing friendly personality are the three essentials for the business idea of a special-events valet parking service. The business can be started with minimal cash, is a great part-time idea, and the profit potential is excellent, as rates for valet parking services are in the range of $50 to $70 per hour for a two-to-three person crew. And it goes almost without saying that tips can really add up!

There are many great ideas to market  your valet parking services directly to consumers hosting parties and events, corporations hosting conventions and other event and wedding planners, trade show organizers, and charity groups and organizations. Uniforms worn by all staff and emblazoned with your business name and slogan, along with incredible customer service and a smile, will make a great impression on customers that is sure to secure lots of repeat business and word-of-mouth referrals.

At a Glance

Investment: Under $2K

Rate: $15+

Skill Level: 1

Resources:

ValetPark.net

5. Children’s Party Service

A love of children and party planning are the two most important prerequisites for starting and operating a children’s party service. And this is a hot business idea: Parents are spending much more on their kids' parties than they did a generation ago. The International Association of Amusement Parks and Attractions reports that the average revenue for hosting a kid's birthday shindig is $370. There are two ways to run a children's party service. First, you can operate on a mobile basis and throw the party at your clients’ locations. Second, you can host the parties from a rented space or reserved park, requiring partygoers to come to you. Regardless of whether you operate mobile or from a fixed location, duties remain the same—plan the party, decorate, provide entertainment, food, and beverages, stage games and contests, and make the event one heck of a lot of fun for kids and their parents. Rates will vary depending on the menu, entertainment, games, and frills, but start at about $20 per guest and go as high as $100 per guest for highly specialized and themed party ideas.

At a Glance

Investment: Under $2K

Rate: $15+

Skill Level: 1

Resources:

Event Planners Association

Start Your Own Kid-Focused Business by Entrepreneur Press and Krista Thoren Turner (Entrepreneur Press, 2008)

Start Your Own Event Planning Business by The Staff of Entrepreneur Media, Inc. and Cheryl Kimball (Entrepreneur Press, 2015)

6. Cake and Cupcake Bakery

Making, decorating, and selling one-of-a-kind cakes and cupcakes for occasions ranging from birthdays to weddings to anniversaries is a great business idea for the hobby baker to pursue, and one that is potentially very profitable. You can get started on a shoestring budget by baking and decorating right in your own kitchen. Contact wedding planners, photographers, bridal shops, event coordinators, restaurants, kids party planners, and catering companies to let them know about the specialty cakes you bake and sell. An effective marketing idea is to send samples of your cakes to make sure they send business your way.

Create a website with photos of your creations, and post those photos on social media sites. On a large scale, you can rent commercial kitchen space so you have enough room to mass-produce cakes that can be sold wholesale to restaurants and grocery stores. Baking and decorating specialty cakes can be very profitable, as ingredient costs are only about 15 to 20 percent of the retail selling price.

At a Glance

Investment: Under $2K

Rate: $15+

Skill Level: 1–3

Resources:

Cake Appreciation Society

International Cake Decoration Societé

National Association of Wedding Professionals

7. Personal Chef

Take your pots and pans, cooking skills, and love of food, and hit the road as a personal chef for hire. Prepare gourmet meals for people hosting house parties, special occasion events such as birthdays or anniversaries, and corporate luncheons—basically anywhere there is a kitchen on-site that you can use to create your mouth-watering gourmet masterpieces.

Personal chef services are quickly becoming a popular alternative for people who do not have the budget for a full-scale catered event and for others hosting small gatherings not requiring complete catering services. The advantages for this start-up idea in comparison to a full-service catering business are apparent: low overhead and initial investment, full-time or part-time operating hours and easy management from home. That idea may appeal to people who want to slow down, but at the same time want to earn an excellent income doing something they love.

Promote your personal chef service idea by joining business associations and community social clubs to network and spread the word about your business and menu. The service can easily be supported by word-of-mouth advertising and repeat business once established, providing the food is great and the service is second-to-none. Additionally, building alliances with party planners and event coordinators is a marketing idea sure to land work. Rates vary according to factors such as the supply of food and the type of menu requested. However, average earnings are $35 to $50 per hour.

At a Glance

Investment: Under $2K

Rate: $25+

Skill Level: 2–3

Resources:

American Personal & Private Chef Association

United Stated Personal Chef Association

The Professional Personal Chef by Candy Wallace and Greg Forte (Wiley, 2007)

8. Artisanal Food Manufacturing

Do you have a secret recipe that makes friends salivate? A particular obsession for a certain ingredient like local honey or vanilla extract? Many entrepreneurs just like you are making small-batch foods in their kitchens to sell at upscale food shops, local restaurants, and farmers' markets. Ideas include infused oils, flavored salt, candies and truffles, salsas and hot sauces, jerky, pickled vegetables, and fruit jellies and butters. Quality is key as consumers will expect the best local ingredients if they are paying a premium for your homemade goods. A good back story and excellent salesmanship helps, too!

First, educate yourself on local and federal laws regarding your idea of what you will be making in your kitchen and food labeling regulations. You may need to entertain the idea of renting space at a community commercial kitchen that caters to businesses just like yours. Second, make sure you are creating your food safely, especially if you are canning foods. Then, start cooking! Have friends and family act as tasters until you perfect your creations. Then hit the local farmers and craft markets and street fairs to sell your goodies.

At a Glance

Investment: Under $2K

Rate: Varies

Skill Level: 2

Resources

Food Craft Institute

Small Food Business

Start & Run a Home-Based Food Business by Mimi Shotland Fix (Self-Counsel Press, 2013)

Starting a Part-Time Food Business by Jennifer Lewis (Rabbit Ranch Publishing, 2011)

Start Your Own Specialty Food Business by The Staff of Entrepreneur Media, Inc. and Cheryl Kimball (Entrepreneur Press, 2016)

9. Music Lessons

If you know how to sing, play guitar, piano, drums, or a wind or string instrument well enough to teach others, then what are you waiting for? Capitalize on your talents and earn a great full- or part-time income by teaching clients how to play your instrument of choice. Classes can be conducted one-on-one or in a group format, at your home, the student's home, a rented commercial space, or at a community facility, in conjunction with community programs, continuing education, or an established music store. Expanding the business idea requires nothing more than hiring other experienced musicians to teach students. Fees are split—basically, you find the students, your instructors teach the classes, and everyone profits. Lesson rates will vary depending on class size, skill level and instrument, but on average, group lessons cost students $10 to $20 per hour and one-on-one lessons are in the range of $40 per hour, plus the costs of instrument rentals or purchases, course materials, and sheet music. Alternately, if you prefer the idea of teaching music without the added work of operating a business, then subcontract your musical teaching talents to an existing music school and earn in the range of $15 to $25 per hour.

At a Glance

Investment: Under $2K

Rate: $25+

Skill Level: 2

Resources:

Music Teachers National Association

National Association for Music Education

National Association of Teachers of Singing

National Guild of Piano Teachers

10. Arts and Crafts Instructor

Knitting, painting, printmaking, and many other arts and crafts have gained popularity in recent years. People are more than willing to shell out their hard earned money to learn. If you have mastered an art or craft, why not train others and earn substantial profits for your efforts? Day, evening, or weekend classes can be taught from a homebased studio, rented commercial space, in partnership with a crafts retailer, community center, or school.

Another idea is to offer lessons at art nights at bars and breweries. Promote your classes through local retailers, in community magazines and online event listings by posting fliers on community bulletin boards, and by exhibiting at arts and crafts shows. Creative entrepreneurs may even choose to film the training classes for online broadcast or sell instructions or patterns on craft marketplaces like Etsy. You can also create special classes for children on the weekends. The options are nearly limitless when you have a talent that other people want to learn. Rates vary depending on how many people are in each class and material and equipment requirements, but on average, arts and crafts instructors can expect to earn in the range of $25 to $50 per hour.

At a Glance

Investment: Under $2K

Rate: $25+

Skill Level: 2

Resources:

Craft and Hobby Association

Etsy

Image credit: Shutterstock

11. Pet Sitting

Many people have pets that cannot be boarded or left with friends or family when the need arises—pets with chronic health conditions or exotic pets that are difficult to take care of, for example. Likewise, many people prefer the idea that their dogs, cats and other pets are in the safety and familiar surroundings of home as opposed to an unfamiliar boarding environment. When these pet owners want or need to be away from home there is only one solution available: Hire a pet-sitting service to come to their homes and take care of their beloved pets while they are away.

If your idea is to work on a small scale, you can be the pet sitter. But if your intention is to operate full-time with an eye on growth, you will need to hire or contract additional pet sitters. Good ideas for job candidates include pet-loving retirees and students. Market your pet-sitting services through pet-related businesses in your community such as veterinarians, pet food retailers, dog trainers, dog walkers, and pet-grooming services. Remember, many people also hire pet sitters for short periods of time—a weekend away, a night out, or time off for family events. Therefore, you will need to develop fee schedules for long- and short-term pet-sitting jobs.

At a Glance

Investment: Under $2K

Rate: $15+

Skill Level: 1

Resources:

National Association of Professional Pet Sitters

Pet Sitters International

Start Your Own Pet Business by Entrepreneur Press and Eileen Figure Sandlin (Entrepreneur Press, 2009)

12. Gardening Consultant

If you enjoy working in the great outdoors and playing in the dirt, and know a whole lot about flowers, trees, shrubs, and vegetable gardens, chances are you are the perfect candidate for the idea of starting a gardening consulting business. You will teach other would-be green thumbs everything they need to know so they can design, plant, and maintain a decorative or productive vegetable and herb garden. During the first consultation with clients, you ask questions to determine their idea for the type of garden and landscape features they want, their budgets and time frames, and whether they want to do the work to install the garden or hire others. From this point, based on your knowledge about plants, plant placement, soil, rocks, and fertilizers, you create a garden plan in step-by-step detail suited to each client’s needs and garden criteria.

This is a terrific business idea for green-thumb entrepreneurs to stay active and fit because gardening work can be somewhat physically demanding, but at the same time earn an income in the range of $25 to $50 an hour. This is a business that will thrive on repeat customers and referrals once established. To get the ball rolling, advertise your services locally using newspaper advertisements and online. Then build a network of alliances at garden product retailers so they refer your services to their clients. You may even offer free seminars at local garden centers, churches and community center to spread the word.

At a Glance

Investment: Under $2K

Rate: $25+

Skill Level: 2–3

Resources:

National Gardening Association

Urban Farming

13. Backyard Nursery

People with green thumbs, a backyard, and some time, take note. Growing and selling trees and shrubs right from home is a fantastic way to earn an extra few thousand dollars every year or even every month, depending on your space and ambition. Surprisingly, not much yard space is required to generate excellent profits. Consider that you can purchase Japanese maple seedlings for about 75 cents each wholesale, plant them in pots or in burlap in the ground, wait a season or two while they grow, and resell them for $50 or more. A 20-foot square garden area is large enough to support 300 seedlings, which in turn can produce approximately 150 saleable trees annually when planting is alternated. That is as much as $7,500 every year from just a small patch of ground in your backyard. Imagine what you can earn by planting a 50-, 60-, or 100-square foot seedling tree garden. In addition to selling directly to consumers from home and through garden shows, you can also sell the trees and shrubs to garden centers and landscape contractors in volume at wholesale pricing.

At a Glance

Investment: Under $2K

Rate: Varies

Skill Level: 1

Resources:

ArborDay.org

Mike’s Backyard Growing System

Mother Earth News: Starting a Backyard Nursery

14. Business Plan Service

Did you know that a recent survey of new business owners revealed that only 33 percent surveyed had a formal business plan? With 28 million small businesses in the United States, that points to fantastic market potential for a business plan service. To start such a service, you should have experience with business planning and be able to conduct the research and run the numbers a business plan requires. Market your service by attending business networking meetings and be able to explain why a business needs a business plan. Also attempt to obtain a list of all new and renewal business registration licenses through your local business service center. In addition to new businesses, you can also aim marketing efforts at existing businesses and professionals who are expanding or need to update or create a new business plan. This service costs little to start and can be operated part-time or full-time, depending on your needs. Billing rates vary depending on the size and scope of the business plan being developed.

At a Glance

Investment: Under $2K

Rate: $50+

Skill Level: 2

Resources:

Association of Management Consulting Firms

Bplans.com

Institute of Management Consultants USA

Start Your Own Consulting Business by Entrepreneur Press and Eileen Figure Sandlin (Entrepreneur Press, 2014)

15. Online Researcher

If you like digging for information or miss spending hours in the library working on academic papers, and are looking to supplement your income, consider starting an internet research service. It's a great way to get paid for the time you spend reading and surfing on the internet! This business was once referred to as information brokering, but the name changed as the means of obtaining information changed. The business remains the same, however, as the information that was once researched and compiled from newspapers, trade magazines, and business and industry journals can now be found online. You'll be delving into government and business reports and perhaps even interviewing people to find the information your clients need. An internet research service operates in two fashions. First, collect data and facts relevant to a specific topic or topics, and then sell the compiled data to individuals and businesses that require the kind of information you have compiled. Second, business owners and marketers often enlist the services of an internet researcher to find specific data and facts relevant to their particular business, industry, or market. In both cases, clients pay for information they are seeking. Billing rates for the services vary, depending on how much research time is required to compile the data and related costs, but expect to charge in the area of $25 to $35 per hour.

At a Glance

Investment: Under $2K

Rate: $25+

Skill Level: 1–2

Resources:

Association of Internet Researchers

Start & Run an Internet Research Business by Gergard W. Kautz (Self-Counsel Press, 2008)

16. Copywriting

If you have a talent for writing in a clear and concise manner that can build excitement and interest and motivate readers, listeners, and viewers to take the desired action, then starting a copywriting service might be just the right moneymaking opportunity for you. Copywriters prepare copy or text for websites, advertising, online and print marketing materials, press releases, TV and radio commercials, catalogs, and packaging labels. The demand for copywriting services is excellent, as most business owners, managers, and marketers do not have the time, skills, or inclination to prepar

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