Personal Finance

7 Best Businesses to Start With $100 or Less in 2020

Are there businesses that you can start with $100 or less? Previously I showed you ways through which you can start a business without a single dime.

Did you give it a shot?

If you did, feel free to tell me all about it in the comment section.

In this article id like to show you how with just $100 or less you can start a business and grow it into

Multi-billion businesses.

Do you doubt?

Read this, you don’t need tons of money for you to start a business, and I’m going to show you the kind of businesses that you will start at $100 or less.

So if you are out there thinking that you need to save tons of cash to start a business, join me in this blog as we explore  7 businesses’ that you can begin and step by step grow them into big enterprises. Without further ado, here’s your golden list.

Businesses to start with $100 or less in 2020

1. Catering

Best businesses to start with $100 or less
Chefs preparing a meal

Do you love cooking? You know some of us we’d rather be anywhere but the kitchen ha! That does not mean we don’t like eating. But I know some of you love the thought of being the engineers behind that sweet aroma that emanates from the kitchen.

If I just described you, then catering is for you. Imagine you actually don’t need even $100 to start this business. You can start with the supplies you have in the house.

Start by making snacks like chapatti, mandazis, and sell them to your neighbors. Yes, the market is right outside your door. Encourage your neighbors to tell the world about you, and you will be surprised how fast your market will grow.

2. Running errands

Running errands is another business that you can start with $100 or less. We live in a century where people have become lazy and don’t want to leave the comfort of their homes or office to go send a parcel or get groceries. This is where you come in.

All you need is your legs, ha-ha, and you are good to go. On top of having legs, excellent communication skills are also essential.

Another thing is to dress well; personal hygiene is top priority nobody will allow a dirty, smelly person to go get groceries for them. Especially now, with Covid-19 waiting for the slightest provocation to pounce.

As an errand person, you can also do deliveries. Start with your neighborhood and slowly grow your client base. In this business, trust is crucial. Let your customers trust you, and word about you will spread like a bush fire and bingo! Your company, likewise, will benefit.

3. Day Care

Best businesses to start with $100 or less
children in day care

Daycare can be for children or the elderly. For you to run such a business, you must have a soft spot for the clients involved that is the children and the elderly.

If you do not have the passion, please keep off this business because the people you will be taking care of our delicate beings. And the job can be very tedious.

All you need is space, toys for the kids, a clean washroom, and a big heart. The activities involved here include feeding them, washing them, and changing diapers.

Note you cannot start a daycare for both. Choose one if it’s the children stick to it if it’s the elderly stick to it.

4. Cleaning services

There are those people who are perfectionists. If you visit their homes, you will notice everything is put in the right place and is sparkling clean.

If you have a weakness for cleaning, then this gig is for you.

The best part is all you need is you since most of the customers provide detergents. If they don’t, you will be forced to buy some which will not cost you more than $100.

In reality, it’s great to have your own cleaning equipment but Start small and grow gradually.

You can start by doing laundry as you save to buy equipment, then you can add house cleaning to your portfolio then eventually grow to a corporate cleaning company.

5. Pet Sitter

Best businesses to start with $100 or less
Pet Sitter

Yes, you can be a pet sitter just like you can be a baby sitter now you become a pet sitter. In the 21st century, people are becoming pet owners, but because of everyday activities such as jobs, they are not able to care for their pets.

If you live in such a neighborhood and you have a passion for pets such as dogs or cats, you can offer your services as a pet sitter. This involves keeping the pets clean, taking them for a walk, or just playing with them and feeding them.

With less than $100, you can invest in toys for pets, pet grooming products, and the right licenses to run the business.

6. Tutoring

With the widespread of Coronavirus, most governments have closed all their learning institutions until further notice. This is an excellent opportunity for you who are good at a particular area of study.

At a small fee, you can teach students of all ages as a private tutor. You can also offer tutoring services to adults.

You will only require the necessary teaching materials for your business to take off.

With persistence and hard work, you will be able to grow your business into a school.

7. DIY Business Ideas

Businesses you can start with $100 or less
DIY bottle decoration

You must be wondering what DIY business ideas are. Let me make it simple for you, my budding entrepreneur. DIY stands for “Do it yourself.” So when I talk about DIY businesses, I mean you are starting a business by producing the items for sale.

DIY products that you can make using less than $100 are making strawberry jam, peanut butter, shaggy mats, graffiti bottles, and flowers.

Soon ill share with you an e-book detailing how to make these and many more products. So if you are a craft person, leave a comment. That’s all the motivation I need.

After you have made them, you can market them door to door or online via social media.

Final Thoughts on 7 Businesses you can start with $100 or less in 2020

The number one recipe for poverty is laziness. But if you put your brain to it, you can start a business with little capital and turn it into a big company.

With the businesses stated above, it’s my belief that you have identified what suits you most and starting now, you will work hard towards achieving your financial goals.

Feel free to share your experiences with startups and what you’d like me to cover in future blogs that will help us create wealth.

Cheers!

 

 

 

 

3 thoughts on “7 Best Businesses to Start With $100 or Less in 2020

    1. Hey Ezekiel
      Thanks for passing by and you are very welcome to try one of them as soon as you can. Let me know if you have any problems along the way.
      Cheers!

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