Business To Start With 10K (Options in 2023)
While “Thank God it’s Friday” was a disco song from the 1970s, today it’s become an expression employees use to describe their relief at the end of a long work week.
However, nothing ruins the day more than when employees believe that it’s actually the weekend but in reality, it’s just the start of another 5-day work week.
That said, one solution to this is to start your own business.
From starting a company that fuels your community and provides you with a high income, to taking one or more small business ideas and running with them, there are multiple businesses you can start today if you have the capital to invest.
In addition, with online marketing paving the way and making it easier to get people to know about your business, there’s never been a better time to start your own small business.
In this article, I explore various small businesses you might want to consider.
These businesses ensure you will be able to make the most of your money and set yourself up for success in your endeavor.
Let’s get right into it.
What Is The Best Business To Start With 10k?
The following are some of the businesses you can start with 10k.
Professional Resumes Writing Service
A very profitable business idea involves starting a professional resume-writing service business.
For an initial investment, you can help people to create resumes that are far more likely to get them noticed by potential employers.
This ensures potential clients have the best chance of landing their desired job.
Resume templates are readily available online, but many job seekers might either not know about them or are unaware of how to best put them into action.
By starting a resume writing service, you can tap into this lucrative market where a lot of the work has already been done, and help such people with their job hunt.
In addition, you could even extend your online advertising to target business owners who want to recruit the best people for their businesses.
This would be an even more lucrative market to tap into, as many business owners are willing to pay top dollar for the best employees.
With the use AI recruiting software to dig deep into the various business ideas available, you could take over the whole recruitment operation for a business and help them hone in on the right candidates.
With a bit of practice, you can quickly become an expert in this field – no matter which side of the market you choose to focus on.
Online Ecommerce Store
An ecommerce business model involves sourcing the best possible products for a target audience.
In addition, the startup costs of such a business aren’t that high, ensuring that you can spend the money to have a solid ecommerce marketing strategy in place.
You could even consider B2B ecommerce platforms if the product or service you’re selling is more on the business side.
Investing in education is critical when starting such a business as having the know-how to start and grow an ecommerce business will allow you to maximize your odds of success.
Your profit margin is one important aspect to consider in this online business, as you don’t want to overspend on inventory or lose money on shipping costs.
To get started, you should also research the best ecommerce platforms for your needs and budget.
Then, create a marketing plan and start promoting your products or services online.
From college students seeking online jobs to women entrepreneurs looking for business ideas, there are several options available in the online tutoring space.
Whether you’re a group of personal trainers, a solo yoga instructor, a business planning expert, a real estate veteran, or a web design wiz, being able to lean into your experiences and teach others valuable lessons is key to making this work.
The internet has made it easy for business owners to share knowledge with others.
In addition, such a business model will always be in demand as people will always want to reduce their learning curve and avoid making mistakes in their entrepreneurial journey.
Also, with a 10K budget, you’ll be able to not only launch your own online tutoring business, but you can also market it effectively to reach your target audience.
Here’s a quick breakdown of what you’ll need to get started:
- A laptop and desktop computer with a webcam and microphone.
- A quiet room where you can conduct your lessons without distractions.
- A reliable internet connection.
- Tutoring software like Zoom or its alternatives, Google Hangouts, or Skype.
- Optional: A teaching certificate or degree (if you plan on teaching a specific subject).
Once you have all the above, you’ll be ready to start promoting your online tutoring business and making money through the value you deliver.
Social Media Management Service
In a day and age where business owners realize that social networks can lead to various opportunities, they also understand the importance of a solid social media presence.
The business opportunity in this regard is vast as both new businesses and ones that have been established can find ways to increase their reach and get in front of more potential customers through such networks.
As such, creating a social media management agency can really be a step in the right direction.
If you have the budget to invest in the right social media management tools, your life will be much easier as you can automate much of the work.
Being a marketing consultant in this area is also an excellent business to consider, especially since you can also combine other facets of digital marketing to create a well-rounded service.
In this respect, Hootsuite and Buffer are two of the most popular social media management tools to research.
Knowing each tool’s features and how they differ from each other is essential to making the most out of the tool you choose.
Not even requiring close to 10k to get going (and with the option of doing it either on a full-time or part-time basis), blogging is another great business idea to look into.
For entrepreneurs interested in a topic they are passionate about and can monetize, blogging could be the perfect option.
With this model, you could either decide to create content yourself, or, since you have the budget, advertise various freelance writing jobs to help you get going with your blogging business.
Moreover, as a business venture, investing in your education is critical. From staying on top of the best SEO (search engine optimization) blogging practices to ensuring your blog is visually appealing, there are several ways to ensure your blog stands out from the rest.
To make it a successful business, you could use affiliate marketing, sponsorships, and other forms of advertising to generate revenue.
Knowing how to make money blogging is critical for long-term success.
Virtual Assistant Agency
Running a successful virtual assistant agency is all about your ability to bring the right people together.
Matching the right assistant with the right type of business means that the business owner won’t waste unnecessary time on training and that the VA can get started with their job right away.
Here, the bulk of your investment would go into recruiting suitable virtual assistants to work for your company and ensuring their deliveries are up to par.
Whether you decide to serve real estate agents specializing in luxury homes, or help business managers accomplish their day-to-day tasks through additional help, your options are endless.
Since you’ll be working with people having various needs, it’s essential to have excellent communication skills and be able to delegate tasks efficiently. Investing in your education is a reasonable outlay of your initial business capital.
As far as marketing strategies go, 3D printing is an area that garners plenty of interest amongst those passionate about tech.
Starting a business that provides 3D printing services to other companies or individuals requires specialized software and hardware.
In terms of software, there are various types to research.
For example, 3D printing software helps you create models you’ll ultimately print out.
CAD software is a specific type of 3D printing software used to create models for engineering and manufacturing purposes.
Augmented reality software can also be used with 3D printing hardware to create an immersive experience for your customers or clients.
With AI design software becoming more popular, 3D printing businesses will likely need to adopt this technology to stay competitive.
That said, the type of clients you can have in this business is vast.
From 3D printing medical implants and prosthetics, to creating models for architecture and product design, there are endless opportunities for 3D printing businesses.
The key is identifying a niche you can serve and finding the right software and hardware to make it happen.
With this type of business, the initial budget outlay will go towards purchasing the right software and hardware.
I wanted to include this one to show you that a business simply doesn’t have to be purely online.
While the marketing could be done over the internet, the fulfillment could be done offline.
A pet nursery is a great example of this.
This could be a profitable business to open as it allows you to have multiple services offered.
From pet grooming g to pet sitting, there are plenty of ways to serve your clients and make a profit.
With competition in this area being quite cutthroat, having a website that connects with clients and helps establish upfront trust can be a significant advantage.
Do you have an interest in business and bookkeeping?
Maybe it’s even something you enjoy doing for your own business.
If so, starting your own bookkeeping business may be a great option.
With a small investment coupled with the right skills and knowledge, you can be up and running in no time.
Even if you’re super passionate about the topic but have an interest in business and money to invest, building up the right team means you can focus on the big-picture tasks and still have a successful bookkeeping business.
With the right accounting software, you can automate a lot of the tasks involved in bookkeeping, making it a more profitable business to run.
Website Builder And Consultant
Similar to social media, everyone understands the benefits that having a website brings to their business.
While few want a website with all the bells and whistles that can cost thousands of dollars to develop and maintain, many business owners still want a site that helps sell their products or service.
From a green business consultants seeking to promote their sustainable business practices online to a mobile car wash operator who requires people to know their newly opened location, many businesses can benefit from having someone who can make a website fit their specific needs.
If this is something that interests you, using the right website builder makes your job easier and ensures that the sites you create can be built in a relatively short period of time.
Investing in education and ensuring that the sites you create are based on your customer’s specifications will help you succeed in this business.
In addition, you could also offer long-term maintenance as part of the packages you offer.
This could include updating content, adding new photos and videos, and more.
With these various options, you can tailor your business to fit your clients’ needs while still making a profit.
Other Businesses To Consider
Here are a few other businesses you could start if you have the financial ability to invest in them.
- Food business: A food business is a great option if you have money to invest. From needing money to buy a food truck to ensuring that an ice cream parlor is up to the health code, there are many things to consider.
- Cleaning service: This is another business that requires an initial outlay of money for equipment and materials, but can be highly profitable after a short while. The key to a successful cleaning service is being able to market to the right audience and providing top-notch services while ensuring that your margins remain high.
- Landscaping business: Machinery and equipment are at the heart of a suitable landscaping business – without them, you won’t be able to do much! If you’re starting this type of business, knowing the various pieces of equipment needed and how you’ll finance them is essential to long-term success.
- Videography business: The right camera, microphone, and editing software are essential when starting a videography business. In addition to the equipment, it’s crucial to have a good eye for composition and editing and assist clients in getting the desired results.
- Car rental services: Starting a car rental service can be a great way to earn extra income. With most people opting for extras that yield higher margins than just the initial rental fee, this could be a viable option. The key to success in this business is providing excellent customer service and having a wide selection of vehicles to choose from.
How To Find Clients For Your Business
Depending on the type of business you’ve decided to start, finding clients is a significant aspect of a successful business.
For example, an import/export business requires clients that want to buy or sell internationally.
If you’re into personal training, creating content that resonates with and helps people with their fitness goals is a great way to find clients.
On the other hand, as far as local businesses go, a dog daycare center might find clients using local advertising and word-of-mouth.
Finally, a business that helps other business owners with their LinkedIn post creation will be able to find clients on the network using the right tactics on this social media platform itself.
Knowing the type of clients you want to attract is key to finding them.
Doing your research to see where these types of clients congregate online and offline is a great way to start and will also help with business growth.
Business To Start With 10K – FAQ
How Do Amazon And eBay Factor Into Having An Ecommerce Business?
With models like dropshipping, you can sell products without ever having to carry inventory using these platforms.
You can also use Shopify or any of the best ecommerce platforms to create and design your own online store.
Knowing which delivery service to use is important for getting your products to your customers on time.
Amazon offers Fulfillment by Amazon (FBA), and eBay has a similar service called Seller Fulfilled Prime (SFP).
Is Social Media Marketing Still In High Demand When It Comes To Promoting Businesses?
Absolutely! In fact, social media marketing is more important than ever.
The great thing about social media marketing is that it’s very affordable and you can reach a large audience with just a few clicks.
Any good business understands the importance of having an online presence and social media is a great way to create one.
As a new business owner, you can leverage this and sell social media management services to other businesses.
Can You Make Money As A Freelance Writer Having Your Own Business?
Yes, you can make money as a freelance writer by having your own business.
You will need to have excellent writing skills and be able to provide high-quality content that is error-free.
It helps if you have a niche that you specialize in, such as small business marketing or SEO.
Having skills stacked on top of being a good writer will also help you stand out from the competition.
For example, if you’re good with WordPress and can help businesses design their website, you’ll be in high demand.
Small business owners simply want someone to be able to handle all aspects of their online presence and having multiple skills will make you a valuable asset.
How Do I Start An Interior Design Business?
To start an interior design business, you will need to have a strong portfolio that showcases your skills and style.
You will also need to be well-versed in the latest trends and be able to work with clients to create the perfect space for their needs.
It helps if you have a degree in interior design or at least some formal training.
If you don’t have a formal education, you can still start your own interior design business by taking some online courses or even starting as an intern.
The most important thing is to have a passion for design and be able to show off your talent through your portfolio.
Considering referral marketing is great in this type of business and can make you a lot of money without the need for advertising.
This means that you can grow your business organically without having to spend a lot of money on marketing.
Starting your own business with an investment of $10,000 is more than possible.
With a bit of creativity and marketing savvy, you can get your business off the ground and start earning an income sooner rather than later.
Two of the most important things is to carefully consider the type of business you want to start and ensure you have a solid plan for finding clients that will help you succeed.
In addition, don’t forget to invest in the necessary education and equipment (if needed) so that you can provide a high-quality product or service.
Further reading on AdamEnfroy.com: Business intelligence tools can help take your business to the next level.
From using the right CRM software for startups that allow you to better understand and serve your customer base, to data visualization tools that help you make informed decisions, several BI tools can help your business grow.