Did you know that there are nearly 29 million small businesses in the United States?
If you have an entrepreneurial spirit and want to be your own boss, there’s never been a better time to transform your dreams into reality.
Concerned about finances or debt? Don’t worry- there are plenty of fabulous business ideas with low overhead costs.
Let’s get into our favorites!
Do you have specialized, expert knowledge in a high-demand niche? From teaching others about getting started with SEO to navigating people out of bail bonds (learn more on that here), every industry depends on consulting for guidance and insight.
Fortunately, you don’t need much to get started. The majority of successful consulting requires strong networking skills. This often supersedes the need for a massive marketing budget.
Translation? If you are good at what you do and don’t mind schmoozing with others, a consulting career may be an incredibly lucrative business venture.
Have a knack for writing? Like to work in your underwear and share your brilliant ideas with the world? You may want to consider trying your hand at blogging.
Successful bloggers can generate tremendous wealth- all by the virtues of their laptops.
Outside of a screen, type board, hosting site, and domain, there’s very little overhead costs associated with starting out. With a fundamental knowledge of SEO, determination, and patience (the success won’t happen overnight), blogging represents an awesome income stream.
Chances are, you’ve reaped the benefits of ‘sharing economy’ services like Uber or Airbnb. But, the big guys shouldn’t have all the fun here. Why not consider starting your own rental business?
Nowadays, people feel comfortable renting pretty much anything. Whether it’s your parking space, painting supplies, or hobby equipment, there’s a good chance someone will want what you have- and will be happy to pay you for it.
Your only real overhead? The product itself.
If you have an eye for art and a desire to help other businesses grow and flourish, you might want to consider pursuing graphic design.
In this exciting role, you help with branding, advertising, and overall digital and standard marketing strategies. You may also help with everything from imaging to creating fonts to making newsletters.
Your overhead? To begin, you won’t need much beyond your computer, advertising methods, and your editing software.
Yes, this requires schooling, but it’s a lucrative business idea that starts out with a very low overhead strategy.
For one, you are the company, the service, and the product. While some people will find you through marketing means, establishing a good word-of-mouth will likely land you the majority of your clients.
Final Thoughts on Business Ideas With Low Overhead Costs
You don’t have to choose between a killer business idea and financial insecurity. With the right planning, strategizing, and dedication, creating a business with low overhead is feasible for most entrepreneurs.
Are you interested in learning more tips on creating or enhancing your business? Be sure to check out our blog!