Money

When it comes to launching a small business, most people think that there needs to be a huge financial investment.

And while that’s true for many small businesses, it’s not always the case.

There are indeed many businesses you can launch with little to no start up costs.

So, next time you are faced with the question of “What to do with 100 dollars?”, consider this collection of 20 business ideas that you can realize by investing less than $100.

Online Business Ideas for Under $100

If you are looking for online business opportunities, the followings are some of the easiest and low cost online businesses one can start.

1. Teaching

Ask yourself what you really love doing or what you’re really good at?

The answer(s) to that question can help you start a business for less than $100.

Once you identify your passion, you can make a business out of teaching other people how to master the same.

Most people don’t give enough exposure to their natural talent or aptitude. But with the right amount of confidence, you can turn your passion into a business; which is also how most successful businesses start.

The best part is that thanks to sites like Tutor and Wysant.com you can find tutoring jobs without spending a dime.

2. Consulting

If you are well-versed with a certain industry or sector then a consulting business is a good idea. A blog could form the face of your consulting business and you can use social networking sites to promote the content posted on your blog.

You can also print some low-cost business cards and engage other professionals using sites likeMeetup.com. A quality blog will ensure your consultancy’s success.

3. Freelancing

One of the best ways to earn money, freelancing doesn’t even require you to own a website.

Sites like Elance.com host a number of projects for diverse skills like writing, programming, editing or even design, where you can sell your expertise.

Freelancing requires practically zero investment.

4. Vlog with YouTube

Any person with a YouTube account today can earn ad revenue by starting a channel and posting videos regularly on it. This was not possible earlier as YouTube required users to become partners before giving them a share of the ad revenue pie.

The investment required with Vlogging is also pretty low. Cost of equipment is also negligible as you can create videos using your laptop’s webcam, smartphone cam or even a digital camera.

5. Managing Web Design

You need not master web design to be in this business. All you need to do is find individuals who need websites built for them and then lookout for people who’d be willing to design you those websites at a price that is lower than your own quote to the client.

You will earn money by bringing together these two parties and also by managing the project itself.

6. Blogging

There are umpteen examples of bloggers making thousands of dollars every month by uploading quality content to their blogs and selling ad-space.

Surely, a $100 is more than enough to start a blog and work on getting its readership up.

You can even start a blog for free with blogging platforms like Blogger.com and WordPress.com.

7. Creating Information Products

This is another way to harness your in-depth knowledge of any particular niche/category. You can translate this knowledge into a salable product, like an eBook, and promote it extensively.

Of course, this approach is time consuming but it can be made inexpensive by creating a free website.

As for me, I would put that little bit of money into a domain name and host space apart from a splash of attractive web design work.

8. Domain Name Buying

Domain names can be bought cheap. So, it’s a good idea to start accumulating domain names (say for around $10 each) and later sell them at a good profit to an individual or company that requires them. That is also how I took my baby steps by spending $10 for 10 names.

Buying and selling domains is a multi-million dollar industry that is making lots of people rich. A look at auctions on sites like Flippa and Godaddy and its easy to see why.

9. Programming

One of the most profitable online businesses that one can start with nothing but skills and determination.

If you don’t know how to program, you can either enroll in a class and learn the skills needed, or if you don’t have the money for that, there are many great websites with step by step guides and tutorials that can help you learn the skills needed to launch your own programming business.

10. Flipping Websites

Building blogs around niche content is fairly straightforward if you possess half-decent WordPress skills and a little technical know-how. Once done, you can simply ‘flip’ over this blog to an interested buyer and in the process, make a handsome profit.

There is high demand for blogs that earn well from sources like Commission Junction or Google AdSense. As such, finding buyers for them would be quite easy.