10 Profitable Businesses You Can Start With $5,000
If you have $5,000 to invest in your business and want to make a lot of money, then some businesses will give you the best return on your investment. In this blog post, we will discuss 10 profitable businesses that can be started with $5K or less.
1. Create a blog about your favorite topic.
The first profitable business you can start with $5000 is creating a blog. If you have an interest in any specific topic, then blogging about it will be simple for you and there are many opportunities to monetize your traffic. The blog should be easy enough for everyone to understand so that people would want to follow your posts on social media sites like Twitter or Facebook. You do not even need money to start this type of business because nowadays anyone can create their website at no cost using services such as WordPress, Blogger, or Tumblr among others.
You may earn a lot of money blogging by monetizing your traffic in several ways. You can either sell ad space on your website or create a paid membership site that will allow people to access all the posts you have written for a fee.
2. Create an online store to sell products related to your topic of interest.
The second profitable business you can start with $5000 is creating an eCommerce platform where you will be selling products relevant to the information found on your blogs, such as guides and books or other digital downloads like software applications or videos. If there are no similar platforms available already, starting this type of business does not require any big investment because it doesn’t need physical stores but only requires hosting services which cost around $100 a year. Once again, what you need to do is create a website where you will show your products and accept orders. You may also decide to hire employees if the demand for your product becomes high enough.
4. Promote other people’s products.
If creating your product is too much work for you, the third profitable business that can be started with 5000 dollars or less is promoting other people’s products in exchange for a commission. Affiliate marketing programs are ideal because they allow you to create an email list of subscribers who may want to buy certain products from you in the future. The good thing about this business is that it doesn’t require a big investment and can be started immediately.
5. Open up a small children’s clothing boutique (or sell items from the boutique).
The fifth profitable business you can start with $5000 is opening up a small boutique where you will sell children’s clothing. This type of business requires less money than the other ones because it doesn’t have to be done online, but only in brick and mortar stores. The good thing about this kind of store is that they are always needed no matter what town or city people live in.? All you need to do is find out if there are any available spaces in your neighborhood for rent. If not, then consider buying an old warehouse or building one yourself which will cost around $100 per month depending on where you want to open the shop. Then all you have to do next is buy clothes at wholesale prices (which means you can purchase 100 items for $1000) and resell them at retail prices in your shop. Although you will have to hire employees, this small business can be very profitable if done right.
6. opening a small barbershop.
Another profitable business that can be started with $5000 or less is
opening a small barbershop. This type of business does not require any big investment because you just need to find an old building, purchase some chairs and mirrors for the clients as well as shampoo bowls and then buy whatever other equipment that your local laws require.
7. Buying and reselling old books.
The seventh profitable business you can start with $5000 is buying and reselling old books. You can either get them from online stores or buy them at garage sales, which are very common in the United States. Then all you have to do is go to places like Amazon or eBay where you will list your items for sale. You may also decide to sell paperbacks instead of hardcover ones because they cost much less money but still return a good profit when sold at the right price point when compared to their original retail value. If done correctly, this type of business does not require any employees so it’s easy enough even if there is no previous experience in selling products online.
8. Selling t-shirts on Etsy.
The eighth profitable business you can start with $5000 is selling t-shirts online. What you need to do first is find a design that people like, create an account at printing companies such as Kaisercard or Zazzle and upload your designs so they will be printed onto t-shirts. You should also consider using another website called TeeSpring which allows artists to sell their shirts without having any inventory because the company takes care of manufacturing them for you. All you have to do next is share your product link via social media channels or influencers to get more orders coming into your shop.? As long as people are buying these products, this type of store does not require employees but only time spent on social media marketing.
9. Selling refurbished iPhones.
The ninth profitable business that can be started with $5000 or less is selling
refurbished iPhones.If you have a good amount of friends who are looking to sell their old phones, then this type of store may work for you. All you need to do next is find the best price point on eBay and Amazon so your items will sell as fast as possible. Although it requires some initial investment to purchase these products from others, reselling them online does not require any employees but only time spent posting ads on social media channels.
10. Starting a photography business.
The tenth profitable business you can start with $5000 is starting a photography
business. All you need to do first is buy good quality cameras and lenses which will cost around $1200 if bought new or less than that on eBay, find clients through your social media channels by sharing photos of other people’s work regularly, and offer free sessions for potential customers. If done correctly, this type of store does not require any employees so it’s easy enough even if there is no previous experience in selling products online.
After reading this blog post, you should be able to see that there are many different profitable businesses one can start with $5000 or less. Some of them do not require any employees while others only need a small amount of help from someone else to get the business running.
This article will hopefully inspire some people who have been searching for a profitable business idea and haven’t found anything good enough yet because most stores come with an investment that is too high when compared to what they make after their launch.
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