Freelance Writing and Content Creation: Platforms like Fiverr offer an ideal starting point for freelance writers. The setup costs are negligible, making it a viable option for many.
Virtual Assistant Services: With only a computer and internet connection needed, assisting with tasks like email handling and calendar management is a cost-effective business opportunity.
Social Media Management: Delve into platforms such as Instagram or LinkedIn. With little more than a few tools required, this is a straightforward way to start a business.
Online Tutoring: Tap into your subject expertise through low-cost avenues like online tutoring. Platforms akin to Chegg make it easy to begin with minimal investment.
Dropshipping: Utilising services like Shopify, dropshipping sidesteps inventory expenses, providing an economical entry into retail.
Graphic Design Services: With an initial spend on software, specialising in graphics like logos offers a low-threshold entry point to entrepreneurship.
Homemade Products Sales: Selling handcrafted goods via Etsy can be done with minimal start-up costs, bringing unique wares to the market.
Personal Fitness Trainer: Commencing an online fitness training service minimises overheads, focusing on virtual sessions in the health sector.
Pet Services (Sitting/Walking): With basic equipment, setting up local services like pet sitting or walking is a straightforward and cheap business model.
Food Delivery Service: Catering to specific niches, such as organic or vegan, allows for starting a scalable delivery service at a low initial cost.
Tip
Initiating an affordable business requires minimal initial outlay. It's crucial to focus on growth potential while acknowledging that success is dictated by factors such as demand, location, and one’s capabilities.