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10 Low Cost Business Ideas

Updated on: April 9, 2013

Many people often believe that to start a business, one has to have a significant amount of money. That happens to be the old business model. Nowadays, it is possible to start an inexpensive venture that has the potential to ultimately bring you a tidy sum in profits.

There are even ways to start a business with no money. The following is a list of 10 businesses you can initiate that do not require you break your bank account, and with a little determination and perseverance will put you on the road to a successful entrepreneurial venture.

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1. A Business Consultant
This job would be ideal for those who are already in business and feel the need to assist others who may be finding it difficult to figure a way out of their current business challenges. Read through the following advantages and disadvantages and utilize the resources to help you get started.

2. Cleaning up at Construction Sites
This is ideal for those who are not afraid to get dirty. It is physically challenging and will require you to handle quite a bit of refuse. If this does not put you off, then a construction clean-up job is something you should consider. A pick up truck and not being afraid of getting down and dirty is all it takes to get thus business going.

3. A Handyman Business
This is a great business venture and a needed help for those families struggling to cope but still in need of keeping their homes in good shape during these difficult financial times. This venture is ideal for those who have a do-it-yourself attitude towards life.

Low Cost Business Ideas

4. Image Consulting Business
For those of you who know fashion, are able to communicate well and interact well with people, then image consulting is the business venture tailor made for you. There are a few challenges and opportunities that come with image consulting.

5. Painting Business
For those who have the patience, skill and precision to paint, then becoming a painter would be your natural progression as a business opportunity. Working as a painter can earn you a good amount of money and has the potential to become something other than a side job.

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6. Party Planning Business
For those who enjoy planning and preparing for parties even more than attending the party itself, then you should give party planning a serious thought. It has all the trimmings of becoming a successful enterprise.

7. Personal Concierge Business
If your current schedule is flexible, and enjoy serving others and are not intimidated by variety, starting a personal concierge business is right up your alley.

8. Project Management Business
Before considering a business in project management, you will need to be an organized person who is able to follow through and complete a stated mission or activity.

9. Translation Business
Are you fluent in more than one language? Or does your current job require you to use more than one language? Then try taking your work home for once, and earn a little more while you do it. Start a translating service and watch your skills work for you.

10. Virtual Call Center Business
Are you able to multi-task while on the phone? This opportunity is for those who are reliable and good communicators, especially on the telephone. Earn a little extra by doing what you enjoy doing: talking on the phone.

 

There are, of course, many other businesses you can start with little money. But no matter how much capital a business needs to get going, it still needs commitment and hard work. So, be prepared to put 100% into whatever business venture you choose to go with.

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