Top 6 Low-Cost Small Business Ideas for Women - Sun and Planets Spirituality AYINRIN
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Are you tired of juggling your 9 to 5 job with household tasks and childcare? Do you find it difficult to work in offices where gender inequality and pay gaps are the norms? If so, worry not, because the time has changed.
Business is the perfect career choice for women today. You don’t have to work on a fixed schedule or deal with as much discrimination. Also, you don’t have to compromise on childcare.
Moms can build an empire while taking out time for their families. So, do you want to become the next successful businesswoman? Here are the top six low-cost small business ideas for women in 2022!
1. Sell Your Used/Unwanted Clothes
There are always a few things in the house that you no longer want to use. Why not turn them into a product for your small business? Believe it or not, many entrepreneurs make six figures by just reselling used items!
You can start by creating a list of all the unwanted clothes, furniture, and other items in your house. Or you can go scavenging for them in garage sales and thrift stores. Then, create an online store on a platform like eBay to start making money.
However, make sure that products you’re reselling are in good condition. People won’t pay for completely trashed and unusable things.
- Investment: $0 to $50
- Revenue: $100 to $100,000/month (depends on the item and number of sales)
2. Start an Online Printables Business
Almost every other person uses a monthly calendar planner, personal budget tracker, and similar printable items. These cheap yet high-demand products make an excellent choice for your online business. And the best part is that you don’t need to be creative.
Just select a niche and create a simple printable around it. For example, in the wedding niche, you can create a guest list checker or an invitation template. You can also experiment with making printable coloring sheets, games, and so on.
What’s more, you don’t have to invest in expensive software. There are several free designing tools available to get started. A great example is Canva!
- Investment: None
- Revenue: $500 to $1000/month
3. Start a Photography Business
There are many types of photography businesses – event, newborn, passport, real estate, stock, etc. But if you’re just starting and you need a steady income, consider passport photography.
Unlike other niches, the passport photography business has a low startup cost. It’s a very focused and specific idea that doesn’t require much investment in different equipment and tools. For this, you only need a decent professional camera, light, and backdrop.
Amateur photographers will find this idea the most suitable one. You might already have a camera. And, in case you don’t, there are plenty of other options like renting or purchasing a used one.
Moreover, for passport photography, you don’t need to use or invest in complicated software like Adobe Photoshop. Instead, use the automatic passport photo cropping tool to edit and process images quickly. Not only will this save your effort, but it will also provide plenty of time to experiment in creative photography genres.
- Investment: $500+ (if you don’t have equipment)
- Revenue: $2000 to $4000/month
4. Create an Online Blog
Blogging is a brilliant option for people with a passion for writing. All you have to do is create a website and publish informational blogs around a specific niche. But, you should put out content consistently to generate a decent income.
On average, bloggers start receiving $500 to $1000/month within the first year. You can increase it from $2000 to $4000 in the second by using strategies like SEO.
There is an unlimited income growth potential in blogging if you also create other content forms. These include sponsored blogs, affiliate marketing, subscriptions, and more. Once the blog is generating a certain amount, you can hire writers to double the revenue and take on the supervising position.
- Investment: None (most blogging platforms are free)
- Revenue: $500 to $1000/month in the first year
5. Write and Publish an Ebook
Did you know that US citizens buy approximately 487 million ebooks each year? The industry is quite profitable with estimated revenues of $3.1billion. So, if blogging seems like a hectic option, you can use your writing skills to establish an ebook business.
Write on a topic that you’re confident and passionate about, and then publish it on ebook selling platforms. You can publish it on a single platform or multiple platforms. Mostly, people prefer Amazon’s Kindle Direct Publishing due to its easy procedures and great royalty rates.
It allows a royalty rate of 70% so you can make $0.70 on an ebook priced at $1. Once done, promote the ebook and enjoy while repetitive sales of a single ebook bring in revenue.
- Investment: $50 to $100 (depends on the editing services)
- Revenue: $500+ per month
6. Provide Online Tuition and Courses
If you have great knowledge about a subject, you can start an online teaching business. This particular setup only requires a laptop and a stable internet connection. Also, you can work from anywhere and at any time.
The way you choose to teach online depends on your personal preferences. You can establish a YouTube channel and upload simple educational videos. Or, you can create courses and publish them on reputable learning platforms like Udemy.
Most people also create teaching websites where they provide video access to the subscribed members. Another option is to create a social media page, market your tutoring services, and offer live classes through Zoom!
- Investment: None
- Revenue: $2000 to $4000/month
Final Thoughts
All in all, starting a home-based business with low startup costs is a rewarding career for women in 2022. It doesn’t matter whether you’re clicking images or writing blogs. The only two things it requires are dedication and consistency. Just put in the work, and you can depend on your business for a stable monthly income!
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