794: 10 Fresh Business Ideas with Low Startup Costs
Digest
Jenna Goodger, host of The Goldigger Podcast, delves into the world of low-startup-cost businesses, empowering listeners to pursue their entrepreneurial dreams without breaking the bank. The episode begins with an introduction to The League, a premium dating platform designed for ambitious individuals seeking meaningful connections. Jenna then dives into a range of business ideas, including virtual assistant services, event planning, drop shipping, online courses, personal services, affiliate marketing, accounting, writing and editing, selling digital products, and graphic and web design. She shares her personal experiences, insights, and practical tips for starting and growing these businesses. Jenna also highlights the benefits of using HubSpot, an all-in-one customer platform that simplifies business growth, and discusses the growing demand for virtual assistants and the potential for event planners to make a significant income. She emphasizes the importance of hiring an accountant or bookkeeper for business success and the high demand for writers, editors, and proofreaders. Jenna also explores the concept of selling digital products, such as ebooks and templates, and the freelance opportunities in graphic and web design. Throughout the episode, Jenna encourages listeners to consider their skills, interests, and resources when choosing a business idea and provides valuable advice for navigating the entrepreneurial journey.
Outlines
Low-Startup-Cost Business Ideas: From Virtual Assistants to Online Courses
This episode explores a range of low-startup-cost business ideas, including virtual assistant services, event planning, drop shipping, online courses, personal services, affiliate marketing, accounting, writing and editing, selling digital products, and graphic and web design. Jenna shares her personal experiences, insights, and practical tips for starting and growing these businesses.
The League: A Premium Dating Platform for Ambitious Individuals
Jenna introduces The League, a premium dating platform designed for busy, ambitious individuals seeking meaningful connections. She discusses the platform's focus on quality over quantity and its personalized approach to dating.
HubSpot: Simplifying Business Growth with an All-in-One Customer Platform
Jenna highlights HubSpot, an all-in-one customer platform that offers tools for managing leads, closing deals, and enhancing customer satisfaction. She explains how HubSpot can simplify business growth by streamlining marketing, sales, and customer service processes.
The Growing Demand for Virtual Assistants and the Benefits of Hiring One
Jenna discusses the growing demand for virtual assistants and the benefits of hiring one. She shares her personal experience with hiring a virtual assistant and explains the role of a VA, common tasks they perform, and the average salary.
Event Planning and Wedding Planning: A Booming Industry with High Income Potential
Jenna explores the booming events industry, particularly wedding planning, and the potential for event planners to make a significant income. She highlights the skills and resources needed for this business and the importance of networking and building relationships.
Keywords
Virtual Assistant
A virtual assistant is a self-employed worker who provides administrative services to clients remotely, typically from home. VAs can work part-time or full-time for companies of all sizes and industries, performing tasks such as scheduling, email management, and research.
Event Planning
Event planning involves coordinating and managing events such as weddings, corporate gatherings, and parties. Event planners are responsible for logistics, budget management, and ensuring a successful event experience.
Drop Shipping
Drop shipping is a business model where businesses sell products online without holding inventory. When a sale is made, the business purchases the item from a third-party supplier, who then ships it directly to the customer.
Online Courses
Online courses are digital learning programs that provide instruction on a specific topic. They are often offered in a self-paced format and can cover a wide range of subjects, from fitness and nutrition to business and marketing.
Affiliate Marketing
Affiliate marketing is a form of marketing where individuals promote other companies' products and earn commissions on sales generated through their referral links. It allows individuals to share products they love and earn income from their recommendations.
Accounting
Accounting involves recording, analyzing, and interpreting financial transactions for a business. Accountants provide financial information to help businesses make informed decisions and ensure compliance with regulations.
Writing and Editing
Writing and editing involve creating and revising written content, including resumes, social media captions, blog posts, and more. Writers and editors ensure that content is clear, concise, and error-free.
Digital Products
Digital products are online products that can be downloaded and accessed electronically. They include items such as ebooks, printables, software, presets, and templates.
Graphic Design
Graphic design involves creating visual concepts, such as logos, illustrations, and website layouts. Graphic designers use their skills to communicate ideas and enhance the visual appeal of products and services.
Q&A
What are some business ideas that require minimal investment?
Jenna suggests 10 business ideas with low startup costs, including virtual assistant services, event planning, drop shipping, online courses, personal services, affiliate marketing, accounting, writing and editing, selling digital products, and graphic and web design.
What are some benefits of using HubSpot for business growth?
HubSpot is an all-in-one customer platform that can simplify business growth by managing leads, closing deals, and enhancing customer satisfaction.
What are some common tasks that virtual assistants perform?
Virtual assistants can perform a variety of tasks, including scheduling, email management, research, project management, travel planning, graphic design, and bookkeeping.
What are some examples of personal services that can be offered?
Personal services include chef, trainer, caregiver, organizer, dog walker, house cleaner, interior decorator, and house sitter.
What are some benefits of affiliate marketing?
Affiliate marketing allows individuals to promote products they love and earn income from their recommendations. It is a low-risk business model with the potential for high profits.
Why is it important to hire an accountant or bookkeeper for a business?
Accountants and bookkeepers play a crucial role in managing business finances, ensuring accurate financial records, and providing financial information for decision-making.
What are some benefits of selling digital products?
Selling digital products is a low-risk business model with the potential for high profits. It allows individuals to share their knowledge and expertise with a wider audience.
What are some skills needed for graphic and web design?
Graphic and web designers need a strong visual eye, creativity, and the ability to work with design software. They should also have a good understanding of user experience and website functionality.
Show Notes
I think just about everyone and their mother knows the story of Steve Wozniak and Steve Jobs starting Apple Computer Co. from Jobs’ parents garage… but did you know they’re not alone in the list of billion-dollar companies who started with little-to-no investment?
Walt Disney, Hewlett-Packard, Mattel, Papa Johns, and so many more household names were all founded on a tight budget and a good idea, proving you don’t need investors to start something amazing… you just need creativity, passion, and the willingness to take one step at a time.
If you've ever felt the tug to start your own business but worried about the cost, this episode is for you. I’m about to give you 10 fresh business ideas that are perfect for anyone looking to make a big impact with a small investment. I even think that some of the BEST business ideas don’t require a ton of money to get off the ground!
It IS possible to dream big without spending big, and I’m going to prove it to you right now. Click play to hear about 10 businesses you can start with low startup costs!
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