When it comes to starting a low-cost business in the US, most often entrepreneurs look for a service-based business. Because a service-based business can be started with a cheaper upfront cost than a product-based one.
Today many online businesses can be started by improving an existing skill, while at the same time franchise low-cost business opportunities are quite common among the entrepreneurs in the US. Here are some of the low-cost business opportunities for every entrepreneur in the US to consider.
1. Window and glass business
The window & glass business is one of the most sought-after low-cost business opportunities by many American entrepreneurs. It is mostly because of the nature of the business, which has a simple procedure while providing service, that makes many business-minded individuals consider the business opportunity.
Companies like Window Medics provide window & glass franchise opportunities to individuals and they don’t expect any experience in the window & glass industry, or even business operation in a generation.
With a low-cost initial investment, Window Medics provides training and marketing support to its franchise units. Being a renowned brand in the window & glass business industry, the Window Medics franchise is considered quite a profitable investment by many entrepreneurs. But what makes this franchise a top franchise is that it has a patented window repair process, making it one of the most desired franchises in the US.
2. Digital Marketing business
Starting a digital business doesn’t require much upfront cost because it eliminates the need to have a brick-and-mortar store. There’s no doubt about the growing necessity of digital marketing for all kinds of businesses across various industries today. And with some skills that can be mastered with some effort and within a short period, you can leave behind your competitors and be one of the most reliable digital marketing partners for small businesses or start-ups to start with.
But with time, if you plan to grow your business, you will be required to hire skilled employees for your business. Even to expand your portfolio, you will need to learn some skills on your own or buy courses for your employees, along with various digital marketing tools to ensure fast and reliable marketing services to your clients.
3. Professional photography
A professional photography business today is easier to start even without an expensive professional camera because smartphones have changed the photography game completely. Any business-minded individual with a passion for photos and little details can put a step in the industry.
A professional photographer can start their business as a side hustle, and some of the best types of clients to start with are budding models, small or intimate weddings, birthday celebrations or any other kind of party. A professional photographer who is starting out can also target prom night photography and many other small events.
But apart from working skilfully, a professional photographer should also focus on building and maintaining good business relationships with his clients and look to expand the client's base. Once they have a good portfolio and confidence in their work, a website or even a social media handle to show off their work is important too.
Being a professional photographer doesn’t require much cost, especially if you are not going to buy a professional camera immediately.
4. Dog training business
Many dog owners don’t have the time, experience or patience to train their dogs. But if you have previous experience, you can enhance this skill to convert it into a business idea. You can also learn these skills from various YouTube tutorials (but make sure you are following someone genuine) and keep this business as a side hustle while you are working somewhere or studying.
This type of business doesn’t require much upfront cost because it is mostly about effort and skills.
5. Virtual Assistant
Virtual Assistant is one of the small and individual business ideas that requires a minimal cost to start. All anyone requires is an internet connection, a proper electronic device like a smartphone or a computer, and some conversational skills. Considering many people have their personal computers and an internet connection, this business can be started with as little as $100.
However, this business definitely requires effort and various skills like responsibility and speed. Depending on clients, the tasks of a virtual assistant can vary. Sometimes, you might be required to prepare reports, edit works, manage social media accounts, set appointments, and do various other related tasks.
Being a virtual assistant might require some of the skills like basic computer skills, Ms Office, operating the internet safely, etc. But it doesn’t require any technical skills that an average business-minded individual won’t already have or take years to master.
While almost all the businesses listed above don't require much cost at first, expanding them can use some good investment. It is wise to always keep the possibility of expanding open, and focus on both growing and maintaining business relationships.
To know more about Window Medics franchise business, connect with the experts at 888-329-7116, or send an email at [email protected]