Starting a business doesn’t always require thousands of dollars. In this guide, we’ll explore 7 small businesses under $500 that you can start today. When COVID-19 hit, I lost my job and had to figure out a way to earn with little savings and no safety net. I tried different ideas , some worked, many didn’t. What mattered most was finding practical business ideas that anyone could start, even with very small funds
The truth is: you can start small and grow. In this guide, I’ll share 7 proven small businesses under $500 that are practical, reliable, and full of potential. These are beginner-friendly ideas you can launch today without breaking the bank.
1. Digital Templates & Tools
What it is
Design templates (resumes, social media posts, invoices, planners).
Startup cost
Free or low-cost tools like Canva or domain/website ($10–$20).
Why it works
Create once, sell many times. Passive income potential is high.
Step-by-step tutorial
- Pick a niche (e.g., resumes, business planners).
- Create 3–5 high-quality templates using Canva.
- Set up a store on Etsy, Gumroad, or your own site.
- Promote on Pinterest, TikTok, or Instagram.
2. Virtual Assistance & Micro Consulting
What it is
Helping with scheduling, emails, research, or social media.
Startup cost
A laptop + internet connection. Optional: Zoom/Canva ($0–$20/month).
Why it works
Many entrepreneurs need support but don’t want full-time staff.
Step-by-step tutorial
- Create a simple profile on Upwork, Fiverr, or LinkedIn.
- List services like “Inbox Management” or “Social Media Help.”
- Start with 1–2 clients at $10–$15/hr and scale from there.
3. Blogging & Affiliate Marketing
What it is
Starting a blog, writing helpful content, and earning from ads or affiliate links.
Startup cost
Domain + hosting ($50–$70/year). Free tools: WordPress + Canva.
Why it works
Content grows over time and brings passive traffic + income.
Step-by-step tutorial
- Buy hosting (e.g., Bluehost, Hostinger) and install WordPress.
- Pick a niche (e.g., “Work From Home Tools”).
- Write 10 beginner-friendly articles answering common questions.
- Apply for Google AdSense or join affiliate programs (Amazon, ShareASale).
4. Online Tutoring or Coaching
What it is
Teaching skills you already have (English, math, coding, fitness, etc.).
Startup cost
Zoom/Google Meet (free), plus maybe a microphone ($30–$50).
Why it works
High demand as students and professionals look for affordable learning.
Step-by-step tutorial
- Pick your subject/niche (e.g., English for beginners).
- Create a short lesson outline (5–10 topics).
- Offer sessions via Preply, iTalki, or your own website.
- Charge $10–$20/hr to start, then increase rates.
5. Print-on-Demand Products
What it is
Custom t-shirts, mugs, tote bags, or hoodies sold online.
Startup cost
Free to start on platforms like Printful or Redbubble. Optional: Canva Pro for designs.
Why it works
You don’t hold inventory; the platform prints and ships after each order.
Step-by-step tutorial
- Sign up on Printful/Redbubble.
- Create simple but trendy designs on Canva.
- Upload to the platform and set prices (shirt $20, mug $15).
- Promote via TikTok or Instagram Reels.
6. Reselling & Flipping Finds
What it is
Buying cheap items (clothes, electronics, furniture) and reselling online.
Startup cost
$50–$100 for initial stock from thrift stores, garage sales, or clearance racks.
Why it works
People love bargains, and online marketplaces are huge.
Step-by-step tutorial
- Visit local thrift shops or Facebook Marketplace.
- Look for branded items in good condition.
- List on eBay, Poshmark, or Facebook Marketplace.
- Reinvest profits into more inventory.
7. Social Media Management
What it is
Managing social accounts for businesses, influencers, or entrepreneurs.
Startup cost
Laptop + internet. Free scheduling tools like Buffer or Canva.
Why it works
Businesses need help growing online but don’t always know how.
Step-by-step tutorial
- Create a portfolio using your own Instagram/TikTok growth.
- Offer 1 free trial week to a small business.
- Charge $100–$300/month for posting + engagement.
- Scale by managing 5–10 clients.
Final Thoughts
Starting a business doesn’t have to cost a fortune. As we’ve seen, there are seven small businesses you can start with under $500, from digital templates to social media management. These ideas are low-risk, practical, and beginner-friendly, which means anyone can try them.
The most important step is to choose one idea and begin today. Don’t wait for the “perfect moment.” Even with little money, you can build something meaningful by solving real problems and consistently delivering value.
Your next step is simple: pick one business, set a clear goal, and take action. Success doesn’t happen overnight, but small daily steps will add up to big results over time.
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