If you have an idea of what business to get into, then think and make a list of how you’re going to achieve your goals step by step.
It’s easy to get swept up in ideas, but don’t forget that starting a business takes hard work and money, too.
You will need to invest time in creating products or services to sell, financial resources to buy equipment and materials, and risk capital by opening a shop to start your business.
Consider whether you have the desire and motivation to carry through with your ideas. Having the drive to succeed is one of the most important things about getting out of bed in the morning and staying excited day after day in your business because some days will be really hard and you have to dig deep to make it through those hard times.
For me, I always wanted to have my own business that helps people, that’s why I started this website.
Once I discovered why I loved doing creative work and helping people so much, then I became more motivated and driven to keep working on my craft.
Depending on what kind of business you want to start it may cost more than 10k. But we will talk about businesses that will cost 10k.
Make a list of all the things that you know you can do
Whether it is cooking a meal, taking someone to lunch, or doing administrative work – there are many ways you can make a business that helps others.
Making a list will help you see which kind of business you like and can see yourself working on it every day because once you start, it will be hard to switch to a different business.
If you don’t know what type of business you want to start then I suggest you think of some hobbies that you like and can do every day.
Once you find that hobby think of things that people will be willing to pay you for, it could be you teaching a course or selling items in that niche space. Either way, you have to find something that you love so that you’ll be more motivated.
Pick your favorite business to start
There are hundreds of businesses that you can launch with $10,000, but the main thing is you have to pick the one that you love to do.
When you are done picking your business, start making a list of what you need to do, buy, and what kind of permits to get in order to be in business.
Depending on your business you might need a location.
If you don’t want to pay for a location to start your business, look into starting an online business.
This could be starting a YouTube channel, blogging, selling items, or selling ad space on your Instagram (you’ll need a mid to large following).
Consider starting a franchise
There are many benefits to being a franchiser, including higher profit margins and longer operating times. You can find an existing brand you like and license it under your own trademark, or you can develop your own niche if you have talent or skills.
You will need money to open a business, but with a franchise system, you will be given training and systems to help you run your business more efficiently.
The hardest part about opening a franchise is finding the right one for you. Because they already have a built-in customer base, there is no way to test their demand in your area.
Also, most franchises require you to buy supply items at marked-up prices, which can hurt your bottom line. However, dividends of ownership are hard to come by without buying these items.
Overall, the advantages of being a franchise owner seem very much worth it. And although the initial investment is large, once you start drawing traffic to your place you’ll begin making larger returns on your investments.
Becoming a real estate agent
Being a real estate agent is a job that requires hard work, time, and money. If you are looking for a business with quick results, then this may not be the best job for you. However, if you are willing to put in the effort to learn the art of selling or buying a home, it can be a very rewarding career.
As a licensed agent, you will be able to represent your interests to buyers and sellers. You will also need to know the ins and outs of the industry.
There are many benefits to this career path. You will earn good money and have access to lots of training. Also, there are many opportunities for development and advancement.
However, this can all come at a cost. The housing market is highly competitive- especially during peak season.
Also, agents face constant advertising about new properties but little windowing to old ones. People want advice, so they ask when they should buy or sell a house.
Depending on the deal and how many deals you can close the earning potiental is unlimited as a real estate agent.
You will have to spend money on advertising to get clients and that can get pretty expensive.
Be a dog walker and sitter
If you are good with animals, you can make money being a dog walker or pet sitter.
You can start this business by starting low cost services to offer others.
Over time people will find out about your service and word of mouth only makes more customers.
It is important to keep prices low in the beginning while learning your market and getting experience. You can then increase prices as you learn how to be successful at your job.
You can make more money by charging for extra services, such as transportation or having a pet sitter who watches your pets while you’re out of town.
You can also sell your customers dog leash, toys, and clothes when you finish walking their dogs.
Become a personal trainer
There is no universal law dictating the need for any particular certification to become a personal trainer. However, before beginning to work with customers in a gym, it is typically seen as good practice to have some type of accreditation.
Certification to teach fitness might cost anywhere from $400 to several thousands of dollars. You’ll need certification and either a paid website or an Instagram account and run some ads to compete. As an extra source of income, many personal trainers now provide their services online, where they may also sell individualized diet and exercise programs.
It is possible to clear at least $6,000 per month in revenues with this type of business if you have a good amount of clients to work with.
Think about starting a food truck business
If you are interested in starting a food truck business, there are a number of different options for creating a niche and selling your food product. From baking to the deli, you have several opportunities to be involved with foods that you are passionate about.
All types of chefs can start their own food truck businesses and supply them directly to customers.
Businesses build brands and generate revenue by providing unique food experiences. Everyone loves an exceptional meal and some individuals love to eat even more so. Create a portfolio of recipes and see what traction you find.
Figure out where you fall in this area and go forward. Chances are others are already working in the space you’re going into, so make it a challenge.
It all starts with putting yourself out there and being confident in your skills. Then, let your food speak for itself.
You might think that there’s too much competition in the food industry, if your food tastes amazing then people would buy it no matter what.
Starting a blog
If you are young or inexperienced, then a business blog is a great way to share your knowledge and experience with others. You can build trust and credibility by providing quality content that is worth reading.
If people find value in what you have to say, they will often click through to read more of your posts. Your first task is to figure out a topic about which you would like to write. Then, look for topics related to your first topic.
That way you’ll be able to combine similar themes and writing styles. Once you get some written content published, we recommend you start thinking about how you could add value to this topic/theme.
You can also use social media to promote blogs. Before publishing, make sure there are no typos or grammatical errors. There should be an easy flow from beginning to end.
Also, proofread before posting to avoid mistakes. Finally, choose a theme that fits the topic you’re trying to teach others about.
Selling custom t-shirts & goodies
You may earn money designing personalized t-shirts, mugs, phone covers, and other fun things if you have a creative tendency and are familiar with graphics software.
You can sell on Etsy or on your own website.
To create designs that look professional, you’ll need graphics software like Photoshop or Illustrator, which may cost several hundred dollars a year.
The cost to build a personalized Shopify shop will range from $20 to $100 each month.
Your income is based on your production, you have limitless potential. If you advertise yourself well, have a comprehensive website, and have creative designs, you may earn over $1,000 a month or more selling t-shirts.
You may earn more than six figures a year by selling high-end textiles with intricate bespoke patterns on a well-known internet retailer.
Tutoring kids
This is a great way to make money in your free time. You will be helping kids along the way too.
You can either tutor kids online or in person.
The best way would be to tutor kids online because all you need is a webcam, computer, and internet to get started. You can use Fiverr to help get clients and advertise through other platforms like any of social media.
Tutoring kids in person is not better than tutoring kids online because you have to drive to meet up and that would cut into your profits since gas is expensive nowadays.
As a tutor expect to earn around $25 to $40 an hour for in-person tutoring. For online you can earn around $20 to $25 an hour.
Another great thing about tutoring online is you can reach anyone in the world as a client while tutoring in person can only reach people in your area.
You could do both in-person and online tutoring it just depends on what you like to do.
Cooking instructor
If you have a studio or a spare room in your house, you may host in-person classes and teach these skills to individuals or small groups.
Alternatively, you might arrange to teach a client privately by visiting them at their house. Online teaching is another viable alternative.
You can also create videos and sell online courses to your following on Skillshare.
You can earn from $100 to $1000 per client, it depending on which way you plan on teaching your clients.
Freelance writer
As a freelance writer, all you really need to get started is access to the internet and a computer. You should be able to write properly, present yourself professionally, work under tight deadlines, and adhere to copy editors’ guidelines.
There are several courses designed to help you become a better writer, develop stronger pitches, and broaden your clientele.
In order to exhibit your work and attract customers, you might think about making your own portfolio website using a free service like WordPress. Maintain a current LinkedIn profile at the absolute least.
There is some software out there to help with writing such as Grammarly. Which is a program that helps with grammar checks and can help with plagiarism checks.
You can also use another software called Jasper, which is an AI writing software. You can use this when you have writer’s block or if you want to use it to write the entire post but make sure to read it before you do anything else with it. Sometimes Jasper doesn’t write what we want.
You can use Fivver to help get clients.
Virtual Assistant
A virtual assistant company would be similar to that of a virtual bookkeeper.
Your duties as a virtual assistant would include handling calls, emails, and scheduling appointments for various customers.
This is a fantastic career option since you can work from anywhere in the world.
You can earn around $20 bucks an hour.
You will need a computer with internet and a smartphone. A quiet place to work since you may be on the phone with clients.
Once you have all that you will need to find freelancing gigs and a great marketplace to find freelancing gigs is on Fivver.
Final thoughts about starting a business with 10k
There are plenty of businesses that you can start with 10k or less.
The best business to start in our opinion is an online business, because you don’t have to waste money on renting out a spot for your business.
All you need is a computer and an internet connection.
Also, you don’t need a lot of money to start an online business which means if you decide to stop at any point you won’t be out of thousands of dollars at the beginning of your business.
So pick a type of business you like and start your business today, or at the very least try out an online business.