4 Lucrative Business Ideas with Low Startup Costs & High Profits

Are you eager to start a business but concerned about high initial investments? Most businesses cost $30,000-$40,000 to start up. If that type of investment feels out of reach, but you still want to try your hand at jumping into the world of entrepreneurship, we have good news, Beauty Boss! There are several low-cost, high-profit business opportunities that can help you achieve your entrepreneurial dreams without breaking the bank. Here are four smart business ideas that can get you started down the path to success:

1. Online Selling

E-commerce has revolutionized the way we buy and sell products. I’m sure there’s several items that you exclusively buy online in your own personal life. Through e-commerce, you can start your own online selling business by sourcing wholesale items in bulk and reselling them on platforms like Amazon, eBay, or Facebook Marketplace. This can be an item you personally love or something that you’ve researched that is in need of other people, giving you a greater likelihood of success. The advantages of starting an e-commerce business include:

•   Quick Profit: Once you decide and find the product you’d like to source, you can start making money almost immediately by listing the item on your chosen platform. 
•   Economies of Scale: When you start an ecommerce business, you'll need to find wholesale items to purchase for resale. Typically when buying wholesale, the more items you purchase, the cheaper they become per unit.
•   Low Initial Investment: Depending on the type of item and wholesale arrangement, you can expect to put forth minimal monetary investment. If you’re able to reasonable wholesale pricing, you then have the opportunity to earn substantial profits.

2. Start Teaching Online

Online courses, masterclass and webinars are a great way to monetize your knowledge and even create a stream of passive income. If you possess a skill that others are eager to learn, consider starting your own online teaching business. Here are the benefits of getting this type of business started:

•   Low Startup Costs: You don’t need a significant investment to begin because the initial investment of creating an online course is typically minimal. In addition to a low startup cost, this type of business can be created to be passive. Therefore, once the course is created, you can continue selling the same item you created one time without any additional time being put into the creation of the product, unless you decide to update the product, of course. 
•   Use Platforms: There are a lot of different platforms that you can use to host your online course, masterclass or webinar. Websites like GetYourKajabi.com offers user-friendly ways to help you build your own course platform.
•   Create Compelling Content: Although there’s a ton of free content out there through Youtube, Google and podcasts, offering online courses allows you to offer the exact knowledge your audience is looking for in an organized and time-efficient manner. In order to attract your ideal audience to your course, use descriptive PDFs and informative videos that make your course lessons more engaging. The more value you add into your course the more interest you’ll be able to attract from potential students.

3. Start a Spray Tanning Business

Spray tanning is a thriving, billion dollar industry. At Spray Tan Class, we have been able to witness and guide thousands of women on their journey’s to creating profitable sunless businesses. The great thing about starting a spray tanning business is the versatility in business models that it offers. This type of business can be started from the comfort of your own home or as a mobile service, allowing it to be low-cost with the potential to earn high profits! Here’s what you need to know:

•   Home-Based Option: If you have a space in your current home that can be transformed into a tanning room, you don’t even have to worry about the overhead costs of renting or leasing a space to run your business out of. Although, you should always make sure you are compliant with the state on local regulations for home-based businesses.
•   Affordable Startup: As we mentioned earlier, most businesses cost $30,000-$40,000 to startup. When starting a spray tan business that is run through an at-home studio or as a mobile service, you are looking at initial costs of as little as $2,000 for your certification and equipment.
•   Training and Equipment: The great thing about starting a spray tanning business is the minimal regulations that most states have over licensure. This means that most states don’t have specific licensing regulations in place that service providers have to receive before offering their service to the public. However, it’s important to do your due diligence and receive proper education on the service you’ll be offering so that you can start your business out on the right foot in feeling confident with the quality you’re providing to clients. Consider enrolling in training programs like our Spray Tan Class Certification Courses, which offers video tutorials, online forums, PDFs, and equipment packages to get you started.
•   Quick Returns: The profit margin for spray tanning is a major benefit to starting this type of business. A spray tan session takes approximately 15 minutes and can yield an average profit of $50, excluding tips. The cost of a single spray tan appointment typically will fall around +/- $10, providing you with the opportunity to see quick returns on your investment. 

4. Professional Organizer

Are you exceptionally organized and love helping others declutter their lives? If so, you can establish yourself as a professional organizer. You may be surprised, but this can be a highly-sought after service. Here’s why you may want to consider becoming a professional organizer:

•   Finding Busy Clients: It’s no secret that a lot of people are struggling with busy schedules in this day and age. When starting your professional organizer business, target individuals with busy lives who don’t feel that they have the time to put into creating a more ergonomic and cohesive space for themselves or their families. People with busy careers as well as parents that have a bustling home-life would love to be able to bring someone in to help straighten things out for them.
•   Transform Chaos into Order: A great way to position yourself in this business is through offering your services to help potential clients declutter and get organized. We all have those spaces in our homes that instantly causes a feeling of anxiety because it so desperately needs a declutter. 
•   Low Barriers to Entry: Unlike many businesses that require substantial investments, a professional organizing business can start with minimal costs due to not needing certifications or expensive equipment to get going down this career path. 

While many businesses demand significant capital, these low-cost, high-profit options provide you with an opportunity to pursue your entrepreneurial aspirations without the worry of a substantial investment. Whether you’re aiming for a journey into full-time self-employment or just looking to earn extra income on the side, these business ideas offer a cost-effective way to turn your dreams into reality. To get started down your entrepreneurial journey today in the sunless industry, head to our Courses page to learn about everything that’s offered within our Beginner’s Spray Tan Certification!

Xoxo,
Kelly