6 Low Cost Business Ideas That Will Make You Money in 2022
The goal of every entrepreneur should be to make money as quickly and efficiently as possible, which often means starting small and working your way up from there. Many new businesses fail within the first couple years, due to their inability to turn a profit or generate income quickly enough to sustain the business, but that doesn’t mean that the venture was doomed from the start. If you’re looking for some low cost business ideas that will take off in 2022, consider one of these six ventures that won’t break the bank but will pay off big time down the road.
01. Healthy Snacks
People are always looking for healthy snacks, and fortunately it doesn’t have to cost a lot to make them. Sure, you can make your own food bars at home with common ingredients, but it takes time to gather all of those materials and throw everything together. If you have time on your hands, then you might want to consider investing into some higher-quality ingredients and going into business with homemade snack bars. However, if you don’t have time or aren’t interested in making your own snacks, there are plenty of other ways to capitalize on people’s love for healthy snacking. For example, think about what else is trending right now: gluten-free foods! There is no shortage of gluten-free alternatives these days; look into creating a line of gluten-free snack bars that can be sold online or through specialty stores.
02. Online Greeting Cards
Services like Canva and Vistaprint allow you to create simple, attractive greeting cards that you can easily sell online. Upload a custom image and add some text. Then, post them on social media sites like Facebook, Twitter, Pinterest and Instagram. There’s no delivery necessary if you set your sales to shipping free. And with each order, you have an opportunity to upsell products or services. In fact, according to Small Business Trends, 45% of all small businesses use their e-commerce platforms as lead generation tools. So think about how you could do that for your business! It will not only help get more traffic but also convert those visitors into paying customers. If you’re thinking about starting a side hustle selling greeting cards, make sure to read our step-by-step guide on how to start an eCommerce website first. Create Your Own Digital Products: Digital products are any kind of product that exists digitally — usually audio files, videos or PDFs.
03. Digital Marketing Agency
A digital marketing agency can provide a range of services, including keyword research, social media management, paid advertising, SEO consulting and local search optimization. Again, you’ll need business skills here: You’ll have to handle clients (if you plan to charge for your services), convince people that you’re worth hiring and stay on top of trends. Some small businesses hire an outside firm to manage their online presence; if you go that route, look for an agency with proven results in your industry. For example, if you own a restaurant, hire someone who specializes in restaurants. If you sell custom-made jewelry online, find someone who has experience doing that successfully. This is another area where it helps to be an expert or at least a super enthusiast about something—this will make it easier for you to persuade potential customers that they should work with you. 2) Sell Your Skills as a Freelancer – Do you have any special skills or expertise? Are there things that others are willing to pay money for? You might be surprised by how many things there are out there that other people want done but don’t want to do themselves!
04. Web Design & Development
Nowadays, it’s possible to make money from home as a freelance web designer or developer. Websites are often viewed as marketing collateral, however many of these businesses never use their site to generate business leads. If you have experience in graphic design, SEO and social media marketing (to name a few) you can consider offering your services to local businesses as an independent contractor. Websites are more affordable than ever before (even if you have to build them yourself) and they pay off almost immediately. As long as you have some technical skills, there are plenty of well-paying opportunities out there for web designers and developers.
05. Event Planning
There’s a lot of money to be made here, depending on your skills. Often, you can start small by offering event planning services for weddings or corporate functions. Based on your level of experience and expertise, you can grow your client base and really begin making some good money through event planning. And once you master it, there are plenty of other areas to use your talent. Start with local community events and move from there! The options available will seem endless when you're doing something that you love. A great place to get started is Niche . com . They have tons of opportunities in almost every field—you just need to find one that fits your interests. Then, set up an account (it's free) and wait for clients to come knocking!
06. Professional Organizer
As many as 80% of Americans experience some form of disorganization at least once a year. By becoming a professional organizer, you can help them create order and relieve stress for your clients. Many professional organizers enjoy working on an hourly basis or retainer agreement, which means you only get paid when you’re working. As demand increases, so will your income and career opportunities. Earn between $25-30/hour with an average annual salary of $44,250 according to Indeed. com. While that doesn’t sound like much, consider that it equates to about $5k per month if you work 40 hours per week! With job growth trending upwards over 12%, it might be time to start getting organized! (For more information on how to become a professional organizer click here)
Free online courses are available to teach you everything from basic home organization skills to advanced project management techniques. The National Association of Professional Organizers also offers continuing education courses ranging from basic certification classes all the way up through an MA in Organization Development & Management!