Entrepreneurship is a dream that millions of people have, but many don’t achieve. One of the main things that stop people from starting their own business is lacking the necessary funds. It makes you question all of those stories of old about people who built their empire from the ground up with a dollar and a dream.
You may not be eating caviar off a silver spoon, but believe it or not, there are still plenty of business opportunities out there for you. Maybe you’ve just been looking to get into the wrong industry. If you value your freedom and independence, then continue reading to learn about businesses you can start on a shoestring budget.
Barbershop/Beauty Salon
One of the essential things to consider when getting into a business is the sustainability of the market you’re entering. For instance, you don’t want to start a company based on a fad that will fade in a few years. Speaking of fads and fades, if you have a passion for those things, then maybe you should open a hair salon.
If you’re into hair and fashion, then styling dos for others is right up your alley. Barbershops and beauty salons definitely meet the sustainability requirement for a good business idea. Also, stylists are loved and trusted by their clients. That means when you get some customers, they’ll continue to be your customers for the long haul as long as you keep them happy. You can get your beautician’s license in a year or two and be ready to open your salon shortly after that.
The great thing about barbershops and salons is that you can often find great hair and skincare products in them. With the rise in interest around natural health and beauty solutions, you could rake in some revenue. Establish a relationship with a wholesale essential oils dealer, and your salon will become the neighborhood go-to for hair and wholeness.
Dropshipping
Who said you have to own a brick-and-mortar location to run your own business? Now that the internet connects everything, you can quickly start an online business from the comfort of your own home.
Dropshipping is an eCommerce business that has gained a lot of traction and attention within the past few years. Surely, you’ve heard someone tell you that you have to try the new “dropshipping thing,” right? They probably—in good nature—advertised it to you like a get rich quick scheme. “You don’t have to buy anything or ship anything off. You open a store with no money and sell other people’s stuff!”—that was the spiel of the 2010s.
While it’s far from an overnight launching pad into the Fortune 500, dropshipping is a lucrative business if you have enough patience and dedication for it. Ecommerce sites like Modalyst give entrepreneurs the platform to turn their dream of running their own business into a reality—with no capital. If you’re already involved in eCommerce, then dropshipping is a great auxiliary business to your other online endeavors as well.
Website Builder
Earlier, you read about the importance of sustainability when deciding what market to go into—well, nothing’s more sustainable than the internet. It’s here and isn’t going anywhere in the near or distant future. From now until forever, when a new business starts, it will need a website and someone to build that site. If you’re computer savvy and creative, then website development might be your niche.
One of the great things about web development is that you can start small by building sites for people on WordPress, Go Daddy, and Wix. As you fine-tune your skills through practice and study, you can take on larger, more challenging projects. And, it’s another business that you can start while sitting on your bed.
Don’t let something small like capital stop you from becoming an entrepreneur. There are plenty of opportunities for people with an entrepreneurial spirit and hourly worker savings.
Content Provided By Scholarship Media
