what is the best business to start with little money

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After I finished my military contract, I started my first online business at the beginning of 2020 and was able to quit my 9-5 job because I made the decision to finally take the leap of faith.

 My first business started in credit repair and I took the credit hero challenge by Credit Repair Cloud. I’ve been able to fix hundreds and hundreds of people’s credit scores and now I am able to focus on my passions like blogging and affiliate marketing full-time.

How To Come Up With A Business Idea

You may think coming up with a business idea is difficult, but it’s really easy to come up with ideas and write them down. It just takes some brainstorming!

First things first, you’ll want to make sure the business idea you have in mind is something that you’ll actually enjoy and is in a revenue potential market.

Create a list of business ideas through researching online or from potential networks. Once you have this list, you’ll want to validate your business ideas and remove the ones that don’t fit your goals.

How To Validate Your Business Idea

A very simple way to validate your business idea: Go search on google and type in the specific business idea in your area or expertise and see if others are running ads or ranking for these keywords. This will give you a good idea that others are making money in that category or niche. 

Now that you know the business is something you can actually start, you’ll want to create a business plan and outline what you need to start to get the business running. Depending on what you do, some businesses don’t need much money to start and you can typically get started for less than $1000.

What Are The Best Business Ideas To Start

Here are the best small business ideas to start:

1. Credit Repair Business

Starting a credit repair business allows you to help fix other people’s credit scores by disputing with the creditor or collection agencies using the FCRA Laws.

What makes this business idea great is that you can get paid on a monthly recurring basis for each client that you sign up and most of the work takes only about 1 hour a month per client.

I started my own credit repair business at the beginning of 2020 and thankfully, I was able to leave my 9-5 job within a few months.

See how much money you can earn in credit repair with this calculator.

Starting a credit repair business has many pros, but some cons as well.

  • Credit repair is very profitable.
  • Earn recurring revenue.
  • Help others get out of financial stress.
  • Very easy business to automate.
  • Make $2000-$5000 within a few months.
  • Need to learn sales.
  • Need at least $500-$1000 to start.
  • A lot of regulations because of bad apples.
  • Labore suspendisse ultrices 

When I first started my credit repair business I took the Credit Hero Challenge that allowed me to get my training and dispute certifications online.

Although starting a credit repair company can have some high upfront costs, you can always leverage credit repair software which can help automate the boring tasks like admin work.

Just make sure that you still take care of all your clients and referrals.

If you still want to learn more about starting a profitable credit repair business, read this full guide on how to start a Credit Repair Business Today.

2. Loan Signing Agent

A Loan Signing Agent is a notary public who helps a buyer or seller finalize their loan documents in the real estate market. Loan Signing Agents can make between $75-$200 per signing and work on their schedule. Depending on how you want to market yourself, you can either work directly with real estate companies, title offices, escrow agents, or you can sign up for third party signing services. 

This business model is a great way to earn $1000-$3000 a month on the side while you grow your business and work without having a boss or be an employee. 

Reasons to Become a Loan Signing Agent:

  • Make up to $200 per signing
  • Create your own schedule
  • Very easy to get certified
  • Work as little or as much as you want

In order to become a loan signing agent, you must first be a notary public, and to do so, you can take a class online or in person. 

Want to become a Six-Figure Loan Signing Agent? Join The Loan Signing System and get certified!

3. Home Inspector

Becoming a Home Inspector can be a great business idea to start with little to no money down. As a home inspector, you help inspect real estate properties before they are purchased to make sure they are up to par for the buyer.

How much do home inspectors make?

The price of a home inspection depends from state to state, but the national average is $300 per inspection and if you do the math, a full-time inspector doing 250 inspections can make around $80,000 a year. This information is provided by ahit.

Reasons to become a home inspector:

  • Be your own boss
  • Do as many or as little inspections as you want
  • Very easy to scale
  • Become experienced in marketing
  • Perfect business for anyone who likes to be on the road

Become a Home Inspector Today.

4. Real Estate Agent

Becoming a Real Estate Agent can be a great business idea if you enjoy working with people and enjoy doing sales. Now being a real estate agent does come with a lot of perks, but also can be difficult to succeed in as a has a very high turnover rate. 

The main reason this happens is that you only get paid by commission so many new agents get discouraged when they don’t start making any money after a few months. This doesn’t mean that you should do it, you need to work hard in any business that you do so make sure that you become that 1% in any niche.

How much money does a real estate agent make?

The average income of a real estate agent varies from person to person. Ziprecruiter states that the average income is $24,000-$100,000 depending if you are working part-time or full time. 

Become a real estate agent with RealEstateExpress and take your classes online!

5. Wedding Planner

A wedding planner is someone who helps couples with the planning, organization, and who oversees the wedding. This business idea is a great one for individuals who love weddings and are great at planning. 

What is the average salary of a wedding planner?

A study done by Career Explorer states that the average wage for a wedding planner in the United States is around $22.08 per hour. 

Since there is no official certification to become a wedding planner, you can learn from experience or look for online courses that other wedding planners have done.

I found this training program online and seems to have many different niches within wedding planning.

Now the list I just went over was for the best small business ideas to start. Now let’s go over my favorite way to make money online and that would be though online business ideas or Side Hustles.

What Are The Best Online Business Ideas?

Here are the best online businesses ideas to start.

6. Affiliate Marketing

Starting an affiliate marketing business online is probably the best way to start since you don’t have to create your own products or services.

Affiliate marketing has become a big part of many people’s income as every business is starting to implement affiliate programs into their products and services. 

What Is Affiliate Marketing?

Affiliate marketing is when you sell other people’s services or products online and make a commission for the sale when they use your special coded link. 

Here are some ways you can make money with affiliate marketing:

  • Start a youtube channel and create product reviews.
  • Start a blog and build an SEO empire to the topic.
  • Create social media ads.
  • Create online courses and have affiliate products promoted in the back-end of the funnel.

I make around $2000 per month using affiliate marketing though my youtube channel and blogging efforts. 

7. Freelancer

Becoming a freelancer is a great way to start making money online if you have a certain skill or experience to provide. Even if you don’t have experience in something, it’s very easy to learn a new skill and start freelancing on marketplaces like Fiverr or Upwork.

Most freelancers can make between $500-$3000 a month on a consistent basis as long as your putting yourself out there. I have done a few website designs and I used to charge $500-$1000 for small sites.

If you don’t know what type of service you want to start in then you get go on Fiverr and research what other people are doing and see if there is something that you might want to start in.

Become a Freelancer on Fiverr today.

8. Start A Blog

Starting a blog can become a very profitable business idea, especially if you enjoy different income streams. Blogging gives you the chance to make an income in many different ways.

This blog that you are currently reading on has allowed me to grow and make money online in ways I never thought were possible. Blogging creates opportunities and ways to connect with brands, influencers, and other bloggers.

How Can You Make Money With Blogging?

There are 5 ways to make money blogging and can be a very attainable goal for anyone.

You can make money blogging with:

  • Ad revenue
  • Affiliate marketing
  • Sponsored posts
  • Sell online courses
  • & flip your website

You can start a blog with WPX Hosting today.

9. Start A YouTube Channel

Starting a youtube channel is a great online business model to make money online. Although Youtube is a long term goal, many people can earn revenue through a variety of income sources.

I earn around $2000 per month through Youtube and Blogging at the time of writing this article. (Updating Monthly.)

How To Make Money On YouTube:

You can start a channel and get paid via google Adsense once you reach 1000 subscribers and 4000 hours of watch time.

Now, this isn’t the only way that you can generate income through youtube since you can do affiliate marketing or sell your own digital products.

Check out this blog post on the best ways to make money on YouTube

10. Make Money On TikTok

Similar to Youtube, TikTok has the TikTok Creator Fund where you get paid ver view and monetize your account. TikTok has become the fastest social media app in the world and surpassed all other social media channels.

 Read my recent article on TikTok and how you can generate income using the app.

11. Sell Digital Products

Creating digital products can become a high income skill where you build the product once, and allow it to make you sales everyday.

Digital products are very simple to create since you can sell anything you can think of and bundle it all up together.

As an online entrepreneur, you’ll want to make sure that your products are safe and secure so they don’t get stolen.

There’s a number of ways for you to do this but one popular way is to a digital product platform which will give both the storefront as well as digital storage space in case something happens with your website hosting provider down the line.

You may also need some type of shopping cart software and payment processing service and such as Stripe or PayPal if people can’t use their credit cards on websites (which unfortunately has become more common these days).

Profitable Digital Product Ideas

Here are a few digital product ideas you can create:

  • Worksheets
  • Notion Templates
  • Product Mockups
  • Mini Courses
  • Page Templates (Sales Funnels & Websites)
  • Scripts
  • & Much More!

Want to learn more about profitable digital product ideas? Check out my full guide on the best digital product ideas to sell online.

How To File For Your Business Entity

Before I continue here, I am not an attorney or tax professional, but I have gone through the process of filing for two businesses so I have a good idea of how to file. 

Now, It’s really not hard but I did everything through ZenBusiness and filed my credit repair company as an LLC. 

Once the paperwork was submitted, which they filed for me, It took 3 weeks to get my business incorporated as an LLC, and was ready to go get my business bank account. That simple…

What’s The Difference Between A Business And A Side Hustle?

The difference between business and a side hustle is that a business should already be established compared to a side hustle. 

This can mean many different things, but a side hustle typically is when you’re still working a job and create a second source of income for yourself.

When your side hustle makes more than your job, then you can really call this a business.

Can You Start A Business From Home?

Yes, starting a business from home is the best way to get started as you don’t need much overhead and time.

I was able to start my credit repair business at my home office until I was able to get my own office. I’d recommend not to go all out and get an office just because you started your business, but to use a space in your home so you can write it off in your taxes.


That sums up the best business ideas to start whether your a beginner or seasoned side hustler. 

Be sure to check out my favorite business idea and read my best side hustles blog post.

Have you tried any of these businesses and if you haven’t, what caught your eye? Thanks for reading!

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Author J Lipsky

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