Many people are put off from even thinking about starting a business because they think that it would be prohibitively expensive. This is not the case, there are many types of businesses you can set up that require a low starting capital.
One thing that you should always be aware of is scams within the entrepreneurial space, scammers feed off your desire to start your own business and can end up scamming you out of the budget you have to start your business. If you think you have been scammed you should contact fraud recovery professionals, who will be able to help you maximise the chances of getting your money back.
Content Creation
If you have a creative flair content creation may be perfect for you, there are always businesses crying out for writers, graphic designers and social media experts. You can market your services to cater for several different businesses at the same time, this not only opens you up to several different profit streams but can expose you as a content creator to industries that you may have previously not worked on before.
This can help you grow and become more knowledgeable as a content creator; more experience means you will be giving your clients a better level of service, meaning that you can increase the pricing of your services which will further help you improve your profit margin.
Translation And Language Teaching Services
If you are fluent in multiple languages you can find work translating between the languages you know, this can be done either verbally or you can translate books or other written content instead. You can market your services to a wide range of businesses including schools, hospitals, courtrooms and conference centres.
You can also use your fluency in extra languages to teach others how to speak languages that you know. By charging for your time you will get to do something that you may enjoy doing and be paid for it at the same time. The start up cost for this is very low, as you will likely already have the equipment required – a laptop and internet connection.
However, one thing to be aware of when starting out is that some “customers” may offer to pay for services in Bitcoin or cryptocurrency, which they will say is to avoid bank delays or exchange fees. However, this is likely a form of job scam, which is where the scammer will get you to do work for them with the promise of payment which never comes, or it could be a trading scam, where the “customer” will try to steal your personal information.
Online Courses And Tutoring
If you have extensive knowledge of certain subjects you can charge for your time to teach others to become more competent at such subjects. There are multiple different ways you can set out about doing this, the most obvious option is the schedule live video chat sessions or meet clients in person to perform the tutoring.
But you can also create a series of bite-sized videos detailing your knowledge and expertise on a subject, which you can lock behind a paywall. It is best to offer at least one of these videos for free so that potential customers get an idea of the quality of the content you are putting out, which hopefully entitles them to purchase your paid videos.
