The greatest barrier to entry for many entrepreneurs is capital or rather the lack thereof. Funding is hard to come by these days as banks and credit unions tighten their lending requirements. Fortunately, it’s more than possible to launch a highly lucrative business for less than $1,000 nowadays if you think outside of the box. Here are just a few great small business ideas worth exploring.
Web Video Production
For businesses of all stripes, video marketing has become a favorite technique for promoting themselves on the web. Capitalize on this trend by starting a web video production company. In order to create polished, high-quality videos, all you need is a decent PC and a few opensource editing tools like Blender, Inkscape, OpenShot and Lightworks. There are plenty of tutorials available online that can show you the ropes.
Making money from your own knowledge and experience is a logical move for entrepreneurs who have plenty of time but little money. Everyone is an expert at something, after all. Use your personal and professional know-how to tutor students online via FaceTime or Google+ Hangouts for a nominal fee. All you need to get started is a computer, a PayPal account and a place to advertise your services.
Car Windshield Repair
One promising business idea that few consider is car windshield repair. The great thing about this particular opportunity is that you don’t need a dedicated shop set up to get started. Just pick up a few Crack Eraser Pro’s repair kits online and advertise yourself as an “in the field” windshield crack repair specialist that can meet clients where they live or work.
If you’re looking for a hot sector that’s bursting with potential, electronics recycling should be right up your alley. All you need to start an electronics recycling business is a car and a Google+ profile. Offer recyclable electronics pickup for free and market yourself heavily to small businesses in your area. There’s likely to be at least one center nearby that will pay quite handsomely for discarded electronics.
Start Small, Dream Big
Just because your new business didn’t cost an arm and a leg to launch doesn’t mean it can’t develop into a big operation over time. The business ideas profiled here have the advantage of being instantly profitable from the get-go. From that solid foundation, you can gradually build an ever larger enterprise by refining your services, expanding your reach and staying a step ahead of the competition.