best business ideas for 50k

43 Businesses You Can Start With $50k [Updated for 2024]

If you’re looking to start a business on a budget, you’ll be pleased to know that there are plenty of business opportunities out there.

Many people wonder what kind of business they can start with $50,000K

After interviewing thousands of entrepreneurs, we discovered 44+ businesses you can start with $50k or less.

Here they are:

1. Start a laundry delivery business ($25K)

Based on data from 3 successful laundry delivery business businesses , the median cost to start a laundry delivery business is $25K .

A laundry delivery business involves offering a convenient service where customers can have their clothes washed, dried, and folded and then delivered back to them.

To start this business on a budget, gather basic laundry equipment like washers, dryers, and ironing facilities.

You can operate from your home or rent a small space. Advertise your services locally, set competitive prices, and offer reliable delivery options to attract and retain customers.

Finally, maintain high-quality service and excellent customer relations to grow your business over time.

How much you can make: $9,300 — $120,000/month

How long does it take to build: 270 days (?)

For example, Jono Santamaria started Nina's Laundrette in 2021.

They spent a total of $13.3K to get the laundry delivery business up and running.

Case Study How I Bought A Laundromat & Doubled Revenue in 12 Months A digital marketer purchased Nina's Laundromat in Northcote, Australia in July 2021, investing in its digital presence and upgrading the machines to create a new brand. Within 12 months, the revenue doubled and the store added a commercial laundry service, bringing an additional AUD24K per year. $9.3K Monthly Revenue $13.3K Startup Costs 14 5.56K

2. Start a life coaching business ($750)

Based on data from 22 successful life coaching business businesses , the median cost to start a life coaching business is $750 .

Life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.

Life coaching is a popular industry worth over $2.85 billion, and the number of life coaches has increased by 33% between 2015-2019 .

This is a very profitable business and can be started at virtually no cost. You’ll need a computer, a high-speed Internet connection, and a LinkedIn account to start. Then, you can begin coaching part-time in your spare time until you build up your clientele.

How much you can make: $100 — $660,000/month

How much does it cost to start: $750 (?)

How long does it take to build: 90 days (?)

Time commitment per week: Min. 5 hours/week

For example, Holly Haller started Ask Holly Hall in 2019.

They spent a total of $200 to get the life coaching business up and running.

Case Study I Created A Life Coaching Business Thanks To My Clairvoyant Gift Meet the Clairvoyant life coach who has built a highly successful business generating an average income of $5,000-8,000 a month through her talents as an Author, LifeCoach Astropsychologist, Spiritual Therapist, astrologer, and Clairvoyant with the ability in remote viewing to help clients understand their existence, relationships, careers, and connection with the universe or source. $6K Monthly Revenue $200 Startup Costs 7 3.02K

3. Build a chrome extension ($3.5K)

Based on data from 15 successful chrome extension businesses , the median cost to start a chrome extension is $3.5K .

A Chrome extension is a small software program that allows you to customize the way your web browser works. Extensions can add new features to your browser or change the way existing features work.

If you have skills in programming and coding, you can create your own Chrome extension and then sell it on the Chrome Web Store. You can also offer it for free and generate revenue through advertising. This is a great way to leverage your skills and create a business that can be profitable.

You can create an extension that helps people with their productivity, or you can create an extension that provides security for the user’s data.

Creating a Chrome extension is an innovative way for programmers, developers, and coders to start their own businesses and showcase their skills.

How much you can make: $10 — $17,366,666/month

How much does it cost to start: $3,500 (?)

How long does it take to build: 50 days (?)

For example, Sanskar Tiwari started Blurweb App in 2020.

They spent a total of $5 to get the chrome extension up and running.

Case Study I Built A Tool That Helps Blur Sensitive Information [With Just $5] 21-year-old software developer from India creates profitable browser extension, blurweb.app, saving content creators hours of post-video-editing time, with 2000+ customers and $1000+ in monthly revenue and plans to launch on Safari and other extension marketplaces. $1.5K Monthly Revenue $5 Startup Costs 13 4.31K

4. Start a luxury watch business ($180K)

Based on data from 1 successful luxury watch business businesses , the median cost to start a luxury watch business is $180K .

A luxury watch business is a company that specializes in selling high-end, premium-quality wristwatches.

These watches are often crafted with high-end materials, precision engineering, and meticulous attention to detail, resulting in timepieces that are not only functional but also highly desirable status symbols.

The business involves sourcing or designing luxury watches, establishing a brand identity, and marketing these elegant timepieces to a discerning clientele who appreciate fine craftsmanship and exclusivity.

Running a luxury watch business involves managing inventory, providing excellent customer service, marketing, and maintaining financial stability. It also requires staying updated on industry trends and continuously improving operations for long-term success.

How much you can make: $480,000/month

How long does it take to build: 200 days (?)

For example, Pablo started Chronoexpert in 2017.

They spent a total of $180K to get the luxury watch business up and running.

Case Study How We Launched A $2.5M Luxury Watches Marketplace Chronoexpert, a luxury watches marketplace, has seen revenue exceeding 2.5M Euros in less than three years, with a growth potential of more than 20% YoY in the pre-owned market, highlighting the viability and potential of a pre-loved focus. $480K Monthly Revenue $180K Startup Costs 13 7.46K

5. Start a sports copywriting business ($50K)

Based on data from 1 successful sports copywriting business businesses , the median cost to start a sports copywriting business is $50K .

A sports copywriting business involves creating written content related to sports, such as articles, blog posts, advertisements, and social media posts, for sports teams, athletes, or sports-related companies.

To start a copywriting business with $50K or less, you’ll need a computer, an internet connection, and basic software for writing and communication.

Begin by building a portfolio of sample sports-related content to showcase your writing skills. Next, reach out to potential clients, such as local sports teams, sports blogs, or sports apparel companies, and offer your services.

As you gain clients and build a reputation, you can reinvest profits to expand your business further.

How much you can make: $300,000/month

How long does it take to build: 180 days (?)

For example, Zack Johnson started ggCircuit in 2014.

They spent a total of $50K to get the sports copywriting business up and running.

Case Study We Offer Premium Services For E-Sports Arenas Worldwide [$3.6M/Year] Esports management software company ggCircuit has doubled its revenue every year since inception and amassed $4 million in revenue in the past year alone, while offering services to over 700 customers globally and projecting double that in revenue over the next 12 months. $300K Monthly Revenue $50K Startup Costs 2 3.64K

6. Start a woodworking business ($30K)

Based on data from 9 successful woodworking business businesses , the median cost to start a woodworking business is $30K .

While many see woodworking as a hobby to pass the time, it is a profitable blue-collar business with growth potential. If you are skilled, passionate, and looking for a blue-collar side hustle, consider starting a woodworking business.

Starting a woodworking business allows you to work from home. Besides, you can scale the business easily and enjoy unlimited earning potential. Some opportunities you can go for include building custom wood pieces, teaching others about woodworking, starting a woodworking blog, and flip furniture.

How much you can make: $1,000 — $1,600,000/month

How long does it take to build: 204 days (?)

For example, David Dennis started Ventana Surfboards & Supplies in 2014.

They spent a total of $15K to get the woodworking business up and running.

Case Study Growing A Business Selling Surfboards As Pieces of Art Ventana Surfboards & Supplies co-founder David Dennis discusses their environmentally responsible surf company that has seen their boards triple in value over the last three years, and has grown a profitable eco-apparel line, focusing on compelling content and stories to attract customers. $8K Monthly Revenue $15K Startup Costs 7 7K

7. Start a dropshipping business ($6K)

Based on data from 11 successful dropshipping business businesses , the median cost to start a dropshipping business is $6K .

Dropshipping is a business model where you sell products to customers without holding inventory.

Instead, when a customer makes a purchase, you buy the product from a third-party supplier, who then ships it directly to the customer.

To start a dropshipping business on a budget, choose a niche or category of products you want to sell.

Next, set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers from platforms like AliExpress, list their products on your store, and focus on marketing and customer service to grow your business.

Remember to carefully manage your expenses and monitor your profit margins to ensure profitability.

How much you can make: $6,000 — $3,000,000/month

How much does it cost to start: $6,000 (?)

Time commitment per week: Min. 10 hours/week

For example, Miguel Pieras started Hustle Got Real in 2017.

They spent a total of $200 to get the dropshipping business up and running.

Case Study How We Started A $25K/Month Business Helping People Sell Online Without Owning Any Stock Founder of Hustle Got Real shares how he turned a side hustle into a business generating $18,000/month with over 15,000 customers in 25+ countries, and offers insight into the process of designing, prototyping, and launching a successful e-commerce software tool. $25K Monthly Revenue $200 Startup Costs 20 16.4K

8. Start an eBikes business ($15.5K)

Based on data from 6 successful eBikes business businesses , the median cost to start an eBikes business is $15.5K .

An electric bike has an electric motor to assist the rider while pedaling. Market data shows that the annual Ebike sales crossed more than 880,000 Ebikes.

Besides providing benefits for body health and fitness, e-bikes have become the best for reducing urban traffic, especially in cities where it isn’t an effective public transportation business.

Ebikes market demand is higher among millennials who prefer riding for health benefits and because riding Ebikes enables them flexibility in choosing routes.

Therefore, starting an Ebikes business in 2024 can be a great business decision.

How much you can make: $110,000 — $1,200,000/month

How long does it take to build: 120 days (?)

For example, Kyle Chittock started Area 13 Ebikes in 2015.

They spent a total of $200 to get the eBikes business up and running.

Case Study How I Started A $350K/Month Electric Bikes Store Bolton Ebikes has experienced 500% YoY growth, bringing in $350k per month in revenue, all without any paid advertising and primarily driven by YouTube videos; the founder emphasizes the importance of finding out who your customers are and serving them what they want. $350K Monthly Revenue $200 Startup Costs 4 7.54K

9. Start a pet grooming business

Based on data from 0 successful pet grooming business businesses , the median cost to start a pet grooming business is $18.3K .

A pet grooming business is a service that provides care and maintenance for pets' physical appearance and hygiene.

This includes services like bathing, hair trimming, nail clipping, and ear cleaning for dogs and cats.

To start a pet grooming business on a budget, you'll need basic grooming supplies like brushes, shampoos, clippers, and a grooming table.

You can offer your services from home or consider a mobile grooming setup, which can be more cost-effective than renting a commercial space.

Advertise your services locally, build a customer base, and provide excellent care for pets to establish a successful grooming business.

How much you can make: $54,000 — $250,000/month

For example, Melodi Landi started Furry Fellas Pet Service LLC in 2006.

They spent a total of $500 to get the pet grooming business up and running.

Case Study How I Started A $54K/Month Pet Sitting And Dog Walking Business Furry Fellas Pet Service LLC is a successful pet sitting and dog walking business that brings in over half a million dollars in sales per year, boasts 3,500-4,000 social media followers, employs 42 individuals and has been voted in the top 3 pet sitting/dog walking companies in the RI/MA area for eight years in a row. $54K Monthly Revenue $500 Startup Costs 6 20K

10. Start an event planning business ($1K)

Based on data from 5 successful event planning business businesses , the median cost to start an event planning business is $1K .

Event planners handle different tasks related to making the business a success. Some of the event planner’s responsibilities include:

• Conducting research
• Creating the event design
• Finding an ideal site
• Arranging for food, décor, and entertainment
• Planning logistics to and from the event
• Sending invitations
• Supervising at the site etc

To start this business on a budget, begin by honing your organizational and communication skills.

Next, create a detailed business plan outlining your services, target market, and pricing structure.

Utilize free or low-cost online tools for marketing, and consider starting small by offering services for smaller events before expanding your business as you gain experience and resources.

How much you can make: $35,000 — $500,000/month

How much does it cost to start: $1,000 (?)

For example, Akshay Patel started Simply Decor and Events in .

They spent a total of $500 to get the event planning business up and running.

Case Study How I Started A $35K/Month Event Decor Business Akshay Patel's event rental and decor business, Simply Decor, Tents, and Events, saw an average ticket price of $2,000, as their advertising budget decreased from $20k to $5k, leading to 40% of their clients coming through social media advertising, 30% from expos, and 30% online in google, yahoo, and other platforms. $35K Monthly Revenue $500 Startup Costs 6 17.2K

11. Start a ticketing platform business ($60K)

Based on data from 6 successful ticketing platform business businesses , the median cost to start a ticketing platform business is $60K .

A ticketing platform business allows individuals or organizations to sell tickets to events online. This can include concerts, sports games, festivals, and more.

The ticketing platform handles all aspects of ticket sales, from setting up the event and ticket options to processing payment and distributing the tickets.

To run a successful ticketing platform business, it is essential to have a user-friendly website and a reliable ticket distribution system. Then, establish partnerships with event organizers and venues to expand the number of events available on the platform.

Marketing efforts to reach potential customers and regular updates to the platform to improve the user experience can also help drive sales. Overall, a ticketing platform can be a lucrative business opportunity for those with a strong understanding of the events industry and a knack for building and maintaining client relationships.

How much you can make: $10,000 — $1,500,000/month

For example, Jonny White started Ticket Tailor in 2010.

They spent a total of $1K to get the ticketing platform business up and running.

Case Study How I Started a $150K/Month Ticketing Platform That Sells More Than 5 Million Tickets A Year Worldwide A successful ticketing platform that grew from a side project into a business that issues over 5 million tickets annually, using a combination of cold calling, word of mouth, and partnerships to attract and retain customers while navigating the challenges of COVID-19. $500K Monthly Revenue $1K Startup Costs 6 10.4K

12. Start a freelance writing business ($300)

Based on data from 14 successful freelance writing business businesses , the median cost to start a freelance writing business is $300 .

Freelance writing can be a good career choice if you are looking for a flexible online job.

Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,

To earn good money as a freelance writer, you need the following personal qualities:

• Strong writing skills
• Ability to meet deadlines
• Stay on the cutting edge
• Be a self-starter
• Be up-to-date with the current writing tools & writing trends
• Proper communication skills

How much you can make: $700 — $320,000/month

How much does it cost to start: $300 (?)

How long does it take to build: 30 days (?)

For example, Vaibhav Kishnani started Content-Whale Private Limited in 2017.

They spent a total of $35 to get the freelance writing business up and running.

Case Study How We Started A $514K/Year Content Curation Agency With Just $35 [From India] Content-Whale, a content curation agency, has achieved a Rs. 4 crore ($514k/year) turnover 4-5 years after being started with just Rs. 2500 ($35), and has a pool of more than 500 writers, aiming to become a market leader in the global content market. $42.9K Monthly Revenue $35 Startup Costs 8 5.16K

13. Start an online bakery ($7K)

Based on data from 1 successful online bakery businesses , the median cost to start an online bakery is $7K .

An online bakery is a business that sells baked goods through the internet.

To start an online bakery, first identify your specialty (like cookies, cupcakes, or bread) and gather basic baking equipment.

Next, create a simple website or use a platform like social media to showcase your products.

Take quality photos, set reasonable prices, and promote your online bakery through social media, local communities, and word of mouth to attract customers.

As orders come in, bake fresh treats, pack them securely, and arrange for reliable delivery or pickup options.

According to statistics, the global bakery products market size was $398B in 2020 . The market is projected to grow from $416B in 2021 to $590B by 2028.

How much you can make: $25,000/month

How much does it cost to start: $7,000 (?)

How long does it take to build: 60 days (?)

For example, Anthony Rosemond started Pastreez in 2017.

They spent a total of $7K to get the online bakery up and running.

Case Study How This Couple Left France To Build Their "American Dream:" A Six-Figure Online French Bakery French chef and founder of online bakery Pastreez, Anthony Rosemond, shares keys to success including validating ideas with the market, focusing on SEO and organic growth, building customer relationships through email and SMS, never offering discounts but offering freebies, and diversifying the business with new products and content on social media. $25K Monthly Revenue $7K Startup Costs 6 7.06K

14. Start a personalized gift baskets business

Based on data from 1 successful personalized gift baskets business businesses , the median cost to start a personalized gift baskets business is $11K .

A personalized gift baskets business involves creating unique and customized gift packages for special occasions or events.

These baskets can contain a variety of items like snacks, skincare products, or even handmade crafts, tailored to the recipient's preferences.

To start this business on a budget, first, gather supplies like baskets, wrapping materials, and a selection of items to include.

Next, establish an online presence through social media or a simple website to showcase your offerings.

Finally, promote your business locally through word of mouth, social media, and collaborations with local shops or event planners.

How much you can make: $833,000/month

15. Start a catering business ($500)

Based on data from 4 successful catering business businesses , the median cost to start a catering business is $500 .

A catering business is responsible for providing food & beverage-related services for vast types of events.

Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing and can even work 24/7. They can cater anywhere and offer any price point that they want.

However, starting a catering business requires a lot of planning.

To start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more.

In addition, catering allows you to meet more people and show off your cooking skills.

How much you can make: $3,750 — $48,333/month

How much does it cost to start: $500 (?)

For example, started Truffle Tangles By ILA in 2007.

They spent a total of $70 to get the catering business up and running.

Case Study This Baker From Gurgaon Earns In Lakhs Per Month Through Her Home-Run Bakery! This case study follows Ila Prakash Singh's inspiring journey from a decade-long career in hospitality to establishing her home bakery, Truffle Triangles, which now sells baked items worth approximately Rs. 10,000 per day. $3.75K Monthly Revenue $70 Startup Costs 4 1.48K

16. Start a craft beer business ($10K)

Based on data from 1 successful craft beer business businesses , the median cost to start a craft beer business is $10K .

Are you passionate about beer and ready to penetrate a niche within the alcohol industry? Craft beer is a potential business idea you may want to start.

Craft beer is an important and attractive niche consumer market with the potential to multiply profitability.

The good news is that starting your craft beer brewery is not as difficult as you think.

You can start brewing craft beer with nothing more than a bucket, a bubbler, a siphon pipe, and a kit. Eventually, you will start bottling your craft beer and delivering it to the market.

How much you can make: $56,000/month

How long does it take to build: 365 days (?)

For example, Matija Mrazek started Varionica in 2014.

They spent a total of $10K to get the craft beer business up and running.

Case Study How We Started A Six-Figure Craft Brewery [From Croatia] Croatian craft brewery Varionica shares how they started with only 22 kegs and an old Opel Astra, grew to produce roughly 40,000 liters of beer per month, and expanded successfully during the pandemic through an online shop and retail store partnerships. $56K Monthly Revenue $10K Startup Costs 7 5.46K

17. Start an online coworking platform ($1K)

Based on data from 4 successful online coworking platform businesses , the median cost to start an online coworking platform is $1K .

An online coworking platform is a website or app that connects remote workers, freelancers, and entrepreneurs, allowing them to work together in a virtual shared workspace.

It provides tools for collaboration, communication, and access to resources like virtual meeting rooms or project management tools.

To start this business on a budget, you can begin by creating a user-friendly website or app using affordable website-building platforms or hiring freelancers for development.

Focus on building a strong community by offering free trials or low-cost memberships initially to attract users.

As the platform grows, you can explore monetization options like paid memberships, premium features, or partnerships with businesses for additional revenue streams.

How much you can make: $3,000 — $225,000/month

How long does it take to build: 135 days (?)

For example, Charlie Ward started Ramen Club in 2019.

They spent a total of $250 to get the online coworking platform up and running.

Case Study How I Started a Remote and IRL Coworking Community for Indie Founders [$48K/Year] Ramen Club is a founder community that aims to help solopreneurs succeed, enjoy their journey, and feel less lonely; it currently has over 100 members and $3,800 MRR with 35% MoM revenue growth between April and May 2022. $4K Monthly Revenue $250 Startup Costs 7 4.23K

18. Start a decluttering business ($500)

Based on data from 1 successful decluttering business businesses , the median cost to start a decluttering business is $500 .

Are you looking for a simple to-start business opportunity with low overhead cost and attractive profit margins?

Consider starting a decluttering business.

As a professional organizer, you will help households and businesses turn clutter and chaos into cleaner and more efficient spaces.

Choose a niche and create a detailed business plan to start a decluttering business.

How much you can make: $10,000/month

How long does it take to build: 35 days (?)

For example, Audra L George started Pretty Neat: An Organizational Solution in 2018.

They spent a total of $500 to get the decluttering business up and running.

Case Study How I Make $96K/Year Decluttering People's Homes Pretty Neat, a service-based company that helps clients get their homes and spaces organized, grew 800% from year one to year two and continues to see growth through word of mouth, SEO, and consistency in service and communication. $10K Monthly Revenue $500 Startup Costs 10 4.23K

19. Start an acupuncturist business ($15K)

Based on data from 1 successful acupuncturist business businesses , the median cost to start an acupuncturist business is $15K .

Starting an acupuncturist business can be a rewarding career path for those with a passion for holistic health and wellness. Acupuncturists use thin needles to stimulate specific points on the body to improve physical, mental, and emotional well-being.

To become an acupuncturist, you will need to complete a Master’s degree program in acupuncture and pass a certification exam. You will also need to obtain a license in your state, which typically requires continuing education credits to maintain.

As an acupuncturist, you will work with clients to assess their health concerns and develop a treatment plan using acupuncture techniques. You may also offer other complementary therapies such as herbal medicine or nutrition counseling.

To run a successful acupuncturist business, you will need to establish a professional website and social media presence, as well as build relationships with referral sources such as primary care physicians and chiropractors. It’s also important to keep up with industry trends and continuing education to stay competitive.

How much you can make: $6,000/month

For example, Moira J McCarthy started Acupuncture Wellness Center in 1997.

They spent a total of $15K to get the acupuncturist business up and running.

Case Study Leaving A Geologist Career To Start A Wellness And Acupuncture Center Licensed acupuncturist, Moira McCarthy, shares her journey of leaving her career as an environmental geologist to start her own practice, which averages 65 to 70 clients per month at $90 per session, by attending health fairs and making public appearances to promote her practice. $6K Monthly Revenue $15K Startup Costs 2 6.06K

20. Start a coffee cart ($5K)

Based on data from 1 successful coffee cart businesses , the median cost to start a coffee cart is $5K .

A coffee cart is a small outdoor structure that serves coffee and other beverages at retail prices. A coffee cart business is a low startup cost business.

All you need to set up a coffee cart business is a professional coffee machine and coffee cups.

To maximize your profits all year round, choose a strategic location and ensure you are readily available to serve your customers whenever they need coffee.

How much you can make: $15,000/month

How much does it cost to start: $5,000 (?)

For example, Beth Baxter started Camper Cafe in 2011.

They spent a total of $5K to get the coffee cart up and running.

Case Study We Built A Coffee Shop In A Van That Makes $180K/Year This case study follows the co-founder of Camper Cafe, a mobile coffee van business which started as a hobby and now has 6 units that supply the UK's biggest sporting events, commercial and film shoots, generating around £150k from working only 70 days of the year. $15K Monthly Revenue $5K Startup Costs 7 6.78K

21. Start a drone photography business ($850)

Based on data from 1 successful drone photography business businesses , the median cost to start a drone photography business is $850 .

Drone video, a.k.a, aerial cinematography, is the best way to achieve affordable bird's view footage of an event or commercial.

Until recently, when organizations wanted an aerial video of their business, they had to hire a helicopter, or a photographer had to climb the highest roof to cover the business. Nowadays, drones are the best approach when it comes to aerial photography.

The technological evolution has created an opportunity for aerial cinematography. To start a drone photography business, get your drone flying license, buy a basic drone and camera, and create your aerial cinematography profile.

How much does it cost to start: $850 (?)

How long does it take to build: 44 days (?)

For example, James Rollins started CFF Media in 2016.

They spent a total of $1.5K to get the drone photography business up and running.

Case Study How A Group Of Friends Started A $10K/Month Video Production Company A group of friends started a video production company called CFF Media that now generates $10k per month in revenue, where they primarily make promotional and testimonial videos for other companies in Atlanta. $10K Monthly Revenue $1.5K Startup Costs 7 4.4K

22. Start an etsy shop ($1K)

Based on data from 48 successful etsy shop businesses , the median cost to start an etsy shop is $1K .

Etsy has been around for over a decade, and the platform has become more popular for creators, entrepreneurs, and consumers.

The platform started as a place for crafters to sell their supplies and handmade goods. Now it has become a venue for artists and small businesses of all kinds to sell their products.

If you just started your shop or want to sell your products on Etsy, there are many different ways to kill on the platform. With the tips and advice of Etsy sellers who’ve been in your position, you’ll soon be successful!

How much you can make: $100 — $750,000/month

For example, Vivian Chan started East Meets Dress in 2018.

They spent a total of $100 to get the etsy shop up and running.

Case Study How I Built A Six Figure Business Bringing Asian Culture To The American Wedding Industry East Meets Dress, an e-commerce store that offers Chinese wedding dresses and traditional outfits, grew to a six-figure annual recurring revenue ($25k/month) in just one year by targeting Asian-American brides in the U.S and high school students looking to wear cheongsams to prom to celebrate their heritage. $50K Monthly Revenue $100 Startup Costs 7 19.8K

23. Start a vending machine business ($2K)

Based on data from 1 successful vending machine business businesses , the median cost to start a vending machine business is $2K .

Starting a vending machine business in a crowded, busy city is an easy way to make money. Whether you want to run your own business, start a side hustle, or generate an income while at the office, this is the best business.

There are many advantages to starting a vending machine business, such as: low startup costs, simplicity, all cash-based transactions, and flexibility.

Here are the steps on how to start a vending machine business.

• Buy a franchise
• Find a location
• Secure all licenses and contracts

How much you can make: $30,000/month

How much does it cost to start: $2,000 (?)

For example, Lakinya Francis started iKrave Vending in 2017.

They spent a total of $2K to get the vending machine business up and running.

Case Study I Converted My Side Hustle Into A Full-Blown $10K/Month Vending Machine Business iKrave Vending founder Lakinya started her vending machine business after observing the lack of consultants who specialize in vending machine operations, and now offers online training courses and mentoring to help others achieve success in the billion-dollar industry. $30K Monthly Revenue $2K Startup Costs 11 3.7K

24. Start a podcast ($2K)

Based on data from 20 successful podcast businesses , the median cost to start a podcast is $2K .

The podcast business involves creating and producing audio content that people can listen to online.

It’s a popular form of entertainment and information-sharing.

To start a podcast business on a budget, you'll need a few key steps.

First, choose a niche or topic that you're passionate about and that has an audience.

Next, get basic recording equipment like a microphone and headphones.

Then, find a free or affordable hosting platform to publish your episodes.

Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.

How much you can make: $400 — $1,020,000/month

Time commitment per week: Min. 2 hours/week

For example, Bobby Hoyt started Millennial Money Man in 2015.

They spent a total of $50 to get the podcast up and running.

Case Study How I Started A $88K/Month Personal Financial Improvement Website Millennial Money Man founder Bobby Hoyt and partner Mike Yanda created Laptop Empires, which boasts a seven-figure revenue through their flagship Facebook Side Hustle Course, helping retirees and millennials launch and grow their local Facebook ad agencies. $150K Monthly Revenue $50 Startup Costs 19 9.86K

25. Start a bookkeeping business

Based on data from 0 successful bookkeeping business businesses , the median cost to start a bookkeeping business is $12.3K .

A bookkeeping business keeps track of monies coming into and out of business and maintains an accurate financial record, as per the International Association of Bookkeepers.

As a bookkeeping business, your role is to help small and medium-sized enterprises in the:

• Preparing their year-end tax and VAT returns
• Keeping on top of day-to-day cash flow
• Running finances efficiently

To become a bookkeeper, you must be accurate in your work and understand financial topics well.

How much you can make: $25,000 — $100,000/month

For example, Alan Chen started Free Cash Flow in 2021.

They spent a total of $500 to get the bookkeeping business up and running.

Case Study Helping Youtubers & Online Content Creators With Their Accounting Turned Into A $300K/Year Business A case study about FreeCashFlow.io, an accounting agency that specifically caters to the financial needs of Onlyfans models and entrepreneurs, helping them with bookkeeping, taxes, and financial management, all while overcoming the stigma associated with the industry. $25K Monthly Revenue $500 Startup Costs 5 6.07K

26. Start a Greeting Cards Business ($2.5K)

Based on data from 5 successful Greeting Cards Business businesses , the median cost to start a Greeting Cards Business is $2.5K .

People use greeting cards to mark births, deaths, graduations, anniversaries, and other parties or events.

If you love helping people celebrate special occasions, starting a greeting card business can be a great business opportunity.

When starting a greeting card business, choose a potential niche and write a business plan.

Then, find an ideal spot to sell the greeting cards.

For instance, you can offer greeting card design and posting services, so customers can choose the best designs and post greeting cards online.

How much you can make: $2,000 — $100,000/month

How much does it cost to start: $2,500 (?)

How long does it take to build: 65 days (?)

For example, Travis Peterson started Joker Greeting in 2015.

They spent a total of $1K to get the Greeting Cards Business up and running.

Case Study I Created A Prank Card Company & Grew It To $30K/Month Joker Greeting sells unique prank gifts, including a non-stop musical birthday card, an idea raised by the founders visiting their mom's house, having no website or marketing and yet raising $92,073 on Kickstarter in 30 days due to being picked up by media, enabling them to sell 15,000 units in the first year, owned SEO for their niche, selling almost 40,000 units in 2017 and expected to reach 50,000 to 60,000 in 2018 with a small team, using Shopify and various social media channels with lots of organic traffic. $100K Monthly Revenue $1K Startup Costs 29 13.5K

27. Start a handyman business ($50K)

Based on data from 4 successful handyman business businesses , the median cost to start a handyman business is $50K .

A handyman business covers a wide range of home repair and maintenance services, making it an easy entry into the industry.

You can start with minimal resources, and by providing valuable assistance to customers, you'll quickly establish yourself as a trusted professional in the field.

To start a handyman business on a budget, identify your skills and the services you can offer confidently.

Then, create a basic business plan outlining your services, target market, and pricing.

Next, obtain any necessary licenses or permits, and invest in basic tools and equipment.

Finally, promote your services through word of mouth, local advertising, and online platforms to attract customers and gradually grow your handyman business.

How much you can make: $8,000 — $1,600,000/month

Time commitment per week: Min. 8 hours/week

For example, Nicholas Ciano started Go Green Cleaning & Maintenance Services in 2017.

They spent a total of $50K to get the handyman business up and running.

Case Study How I Started A $20K/Month Exterior Home Cleaning Service Company Aiming to be environmentally responsible and customer-focused, Nicholas Ciano's exterior home cleaning company averaged around $20,000/month after incorporating all the aspects he liked with a previous employer, so he set out to do it better with a small advertising budget and a truck, offeringspecials and discounts for first-time customers as well as offering a 100% satisfaction guarantee with all services. $30K Monthly Revenue $50K Startup Costs 10 8.49K

28. Start an online advertising agency ($2.5K)

Based on data from 24 successful online advertising agency businesses , the median cost to start an online advertising agency is $2.5K .

An online advertising agency helps businesses promote their products or services on the internet.

To start this business on a budget, first learn the basics of digital marketing through free online resources.

Create a professional website and set up profiles on social media platforms to showcase your skills.

Build a portfolio by working on mock campaigns or offering discounted services to friends and family, and gradually market your services to attract clients.

With dedication, you can grow your agency over time.

How much you can make: $2,797 — $1,250,000/month

How long does it take to build: 45 days (?)

For example, Ash Ome started MOTIF® in 2015.

They spent a total of $100 to get the online advertising agency up and running.

Case Study How I Started A $10K/Month Growth Digital Agency For Fashion, Luxury And Lifestyle Brands Learn how a growth-driven digital agency targeting luxury fashion and lifestyle brands grew from making $10k a month to $50k-$100k in recurring revenue, with a niche client focus, specialized content marketing, and a focus on value-based pricing and driving results. $35K Monthly Revenue $100 Startup Costs 11 6.2K

29. Start a meditation app ($50K)

Based on data from 4 successful meditation app businesses , the median cost to start a meditation app is $50K .

Meditation apps help users learn and master various meditation skills by offering technology-based tools like mood trackers, guided meditations, meditation timers, and a platform for connecting with other meditators.

To build your meditation app, generate and consolidate ideas before starting the app development journey or hiring an app developer. To ensure unique features, research what your competition offers its users and write out their features.

Finally, build the application and put together the application marketing plan.

Your meditation application should provide users with a wide range of guided meditations for novices and seasoned meditators.

How much you can make: $10,000 — $8,333,333/month

How long does it take to build: 68 days (?)

For example, Tara Menzies started Christian Hypnobirthing in 2018.

They spent a total of $200 to get the meditation app up and running.

Case Study I Built A $120K/Year App That Helps Pregnant Women Relax Tara Menzies created the Christian Hypnobirthing App, which has 5,000 downloads a month and average revenue of US$10K a month, to help expecting mamas feel more relaxed and connected to God throughout pregnancy and birth, and later expanded to include a childbirth education course. $10K Monthly Revenue $200 Startup Costs 11 5.07K

30. Start a clothing boutique ($4.5K)

Based on data from 17 successful clothing boutique businesses , the median cost to start a clothing boutique is $4.5K .

If you have an eye for fashion trends and retail experience, opening a clothing boutique can be a great opportunity for you to tap into the lucrative fashion retail industry and be your own boss.

To succeed in this venture, you need to identify your target customers, curate your inventory to match their style and leverage social media marketing to build a loyal following and grow your business rapidly.

Focusing on specific customer segments, such as petite, plus-size, budget-conscious customers, or underserved groups instead of competing with major chains can further help you stand out in the market.

Opening a specialized clothing boutique lets you monetize your passion while serving customers that traditional stores often ignore.

How much you can make: $500 — $11,750,000/month

How much does it cost to start: $4,500 (?)

For example, started Sleeping Baby in 2013.

They spent a total of $700 to get the clothing boutique up and running.

Case Study Sleeping Baby Co-Founder Stephanie Parker Business Insider-style synopsis: Aspiring entrepreneurs can learn from Stephanie and Brett Parker, who turned $700 into a multi-million dollar baby product empire with Sleeping Baby, founded in 2013, thanks to problem-solving skills and their best-selling baby swaddle Zipadee-Zip. $410K Monthly Revenue $700 Startup Costs 6 1.57K

31. Start a travel planning business ($200K)

Based on data from 8 successful travel planning business businesses , the median cost to start a travel planning business is $200K .

Travel planning business is a service that helps people to plan their vacations, holidays, and trips. They offer information about destinations, hotels, flights, and other travel-related services. A travel planner can help you with any aspect of your journey. They will be able to suggest the best destinations for your budget and itinerary preferences.

To succeed in this competitive environment, a travel planner needs to have the following skills:

• Excellent customer service skills
• A strong understanding of the various destinations
• Good knowledge of hotels and other travel-related services
• Good communication skills

How much you can make: $14,167 — $1,500,000/month

How long does it take to build: 285 days (?)

For example, Sean Petersen started Golf Trip Junkie in 2015.

They spent a total of $50K to get the travel planning business up and running.

Case Study How I Built A $1.98M/Year Business Planning Golf-Inspired Vacations Golf Trip Junkie founder Sean Petersen shares how he turned his passion for golf and travel into a profitable business, with average monthly revenue of $165,000, by designing personalized golf vacations for middle-aged men and companies looking for a unique corporate outing experience. $165K Monthly Revenue $50K Startup Costs 12 3.46K

32. Start an interior design business ($8.5K)

Based on data from 3 successful interior design business businesses , the median cost to start an interior design business is $8.5K .

Interior design involves decorating and furnishing interior spaces like homes and offices to make them functional, comfortable, and aesthetically pleasing.

To start an interior design business on a budget, begin by offering consultations to advise clients on decorating their spaces, source budget-friendly furniture and materials from discount outlets, start with smaller projects like single rooms to build a portfolio and market your services on social media and by word-of-mouth referrals.

How much you can make: $2,000 — $40,000/month

How much does it cost to start: $8,500 (?)

How long does it take to build: 52 days (?)

For example, Rebecca West is Seriously Happy started Seriously Happy Homes in 2007.

They spent a total of $2K to get the interior design business up and running.

Case Study I Transformed My House After My Divorce And Started A $40K/Month Interior Design Business Seriously Happy Homes, an interior design firm based in Seattle, uses their efficient design process to keep momentum in their projects, with average monthly revenue of $40k, without targeting the ultra-rich, and is shifting gears to focus on their virtual Design Helplines service and business coaching for interior designers. $40K Monthly Revenue $2K Startup Costs 13 2.63K

33. Start a moving company

Based on data from 1 successful moving company businesses , the median cost to start a moving company is $37.2K .

Moving companies help people move their belongings from one location to another. The services can involve packing and shipping household items to physically moving them from one place to another. The moving can include anything from local moves to long-distance relocations.

Moving companies typically charge by the hour or job, so you’ll need to price your services accordingly. You’ll also need to invest in moving equipment, such as trucks and dollies.

How much you can make: $60,000 — $2,500,000/month

For example, Uladzislau (Vlad) Kandybovich started Qshark Moving Company in 2014.

They spent a total of $8.5K to get the moving company up and running.

Case Study I Started A Moving Company At 18 And Now Make $5M/Year This case study is about Qshark Moving Company, a full-service relocation company located in Southern California, which grew from a two-person and one-truck operation to a massive multi-city, 45 trucks, 4 locations, 200 employees, and regional business, generating over $5,000,000 a year in revenue in nine years. $450K Monthly Revenue $8.5K Startup Costs 7 3.37K

34. Start an affiliate marketing business ($500)

Based on data from 32 successful affiliate marketing business businesses , the median cost to start an affiliate marketing business is $500 .

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

How much you can make: $500 — $773,000/month

How long does it take to build: 55 days (?)

For example, Martin Moore started TechySex in 2020.

They spent a total of $20 to get the affiliate marketing business up and running.

Case Study I Turned Something That Nobody Talks About Into A $60K/Year Blog TechySex is a website that offers sexual wellness education and sex toy reviews, making around $5k per month on average and featuring affiliate programs as the main source of income; the founder Martin Moore started it after having experience as a ghostwriter in the adult industry and noticing a huge lack of information on sex toys as well as sexual wellness in general. $5K Monthly Revenue $20 Startup Costs 11 4.87K

35. Create a screensharing software

Based on data from 1 successful screensharing software businesses , the median cost to start a screensharing software is $34.3K .

Screensharing software allows users to share their computer screens with others in real-time, enabling them to view what’s happening on the screen remotely.

To start a budget-friendly screen sharing software business, first define your target niches, such as businesses, educators, or gamers.

Next, choose a development platform like open-source options or cost-effective frameworks to build your screen sharing application.

You can either develop it yourself if you have coding skills, hire freelancers, or use no-code platforms.

Create a website and utilize social media and online forums for marketing. Offer a free version with limited features to attract users, and consider introducing paid plans with premium features.

Continuously refine your product based on user feedback and adapt your marketing strategies as needed to grow your business.

How much you can make: $31,150/month

36. Start a bike rental business

Based on data from 0 successful bike rental business businesses , the median cost to start a bike rental business is $18.3K .

A bike rental business involves providing bicycles to customers for a fee.

To start this business on a budget, first, you'll need to acquire a small fleet of bikes, which can be bought new or refurbished.

Find a convenient location to set up your rental station, such as a popular tourist spot, park, or near a busy urban area.

Create a simple pricing structure, set up a basic rental system (like paper forms or a simple online booking platform), and market your business through social media, local advertising, and word-of-mouth.

Offer safety instructions and basic maintenance tips to your customers, and consider providing optional extras like helmets or bike locks for an additional fee.

How much you can make: $150,000/month

For example, Guillermo Cornejo started Riders Share in 2018.

They spent a total of $1M to get the bike rental business up and running.

Case Study How I Built And Scaled The First Airbnb For Motorcycles Riders Share, an online marketplace for motorcycle rentals, has generated over $3.5 million in venture capital since February 2018 with over 120,000 registered users and a margin of around 45%, proving it's possible to create successful businesses in niche markets. $150K Monthly Revenue $1M Startup Costs 5 8.04K

37. Start a job board ($250)

Based on data from 7 successful job board businesses , the median cost to start a job board is $250 .

Starting a job board can be a lucrative way to make money online with little to no start-up costs. The global online job board market size was $28.68B in 2019 and is projected to reach $43.39B by 2027.

It's no secret that finding a job can be tough. In today's job market, it can be tempting to give up on job hunting, but here's another option: start your own job board.

How much you can make: $1,500 — $1,500,000/month

How much does it cost to start: $250 (?)

How long does it take to build: 70 days (?)

For example, George started Loopcv in 2020.

They spent a total of $200 to get the job board up and running.

Case Study How I Validated My Idea On Reddit And Built A $180K/Year Job Search Automation Platform Loopcv is a job search automation platform experiencing 15% monthly growth, offering solutions for bootcamps, universities, career coaches, developers, recruitment companies, job boards, affiliates, and companies looking to perform internal restructuring. $15K Monthly Revenue $200 Startup Costs 11 10.4K

38. Start a beauty business ($32.5K)

Based on data from 28 successful beauty business businesses , the median cost to start a beauty business is $32.5K .

The beauty industry is growing at a rapid pace - valued at $511B in 2021, with an annual compounded growth rate of 4.75% worldwide. The beauty industry is predicted to exceed $716B by 2025.

If you are thinking of starting your own beauty business, there are many opportunities in this space to succeed. The most profitable branches in this industry include makeup, skincare, and hair products.

How much you can make: $1,500 — $40,480,000/month

How long does it take to build: 165 days (?)

For example, Leslie Eisen started AlmondClear in 2017.

They spent a total of $500 to get the beauty business up and running.

Case Study Starting A Skin Care Product Business as a Middle School Teacher Almond Clear, a line of skincare products formulated with mandelic acid, saw a revenue increase of about 20% each month for the first nine months after launching on Amazon in December 2017, finishing the first year of sales averaging around $15,000 per month in revenue. $15K Monthly Revenue $500 Startup Costs 17 7.61K

39. Start a mcdonald's franchise business ($25K)

Based on data from 1 successful mcdonald's franchise business businesses , the median cost to start a mcdonald's franchise business is $25K .

Starting a McDonald's franchise offers a compelling opportunity to run a well-established and globally recognized fast-food restaurant.

As a franchisee, you'll benefit from McDonald's robust support system, including training, marketing, and supply chain management. With a proven business model and a strong brand, you can tap into a vast customer base and potential for growth in the fast food industry.

How much you can make: $100,000/month

How long does it take to build: 48 days (?)

For example, Sean McGarry started Franchise Direct in 1998.

They spent a total of $25K to get the mcdonald's franchise business up and running.

Case Study From Business Consultant To Owning A $1.2M/Year Franchise Portal Franchise Direct, a leading global franchise portal with 15 multilingual sites, boasts 1,000 clients, 675k monthly visitors, and nearly 2M page views per month, all achieved despite Covid-19. $100K Monthly Revenue $25K Startup Costs 7 5.04K

40. Start a sports nutrition business ($1.01K)

Based on data from 2 successful sports nutrition business businesses , the median cost to start a sports nutrition business is $1.01K .

A sports nutrition business involves providing products and advice to help athletes and fitness enthusiasts optimize their performance and recovery through nutrition.

To start this business on a budget, first, research and understand the basics of sports nutrition and popular supplements.

Next, identify reliable suppliers or wholesalers for products like protein powders, energy bars, and vitamins. You can sell these products online through a website or on popular e-commerce platforms.

Finally, promote your business through social media, local fitness events, and by offering personalized advice on nutrition for different sports and fitness goals.

How much you can make: $600 — $250,000/month

How much does it cost to start: $1,009 (?)

How long does it take to build: 380 days (?)

For example, Stu Kam started ATH Organics in 2012.

They spent a total of $2K to get the sports nutrition business up and running.

Case Study How I Created A $250K/Month All-Natural Supplements Designed For Martial Arts Athletes A founder built a successful sports nutrition company from scratch, focusing on creating all-natural supplements for martial arts athletes, which now generates over $250,000 a month in revenue by prioritizing customer experience and using tools like Shopify, Klaviyo, Postscript, and Gempages. $250K Monthly Revenue $2K Startup Costs 9 9.34K

41. Start a self-service laundry business ($432K)

Based on data from 1 successful self-service laundry business businesses , the median cost to start a self-service laundry business is $432K .

A self-service laundry business is a coin-operated laundry facility where customers can wash and dry their own clothes using the machines provided.

To start this business on a budget, you'll need to find a suitable location with enough space for washing machines, dryers, and a seating area.

Next, acquire the necessary equipment, such as washing machines, dryers, change machines, and seating.

Additionally, make sure to set up a simple payment system, maintain the machines regularly, and create a clean and inviting atmosphere for customers. Finally, promote your business through local advertising and word-of-mouth to attract customers to your self-service laundry.

How much you can make: $9,300/month

How long does it take to build: 125 days (?)

They spent a total of $13.3K to get the self-service laundry business up and running.

42. Start a mobile drug testing business

Based on data from 1 successful mobile drug testing business businesses , the median cost to start a mobile drug testing business is $19.3K .

A mobile drug testing business provides on-site drug testing services for individuals or organizations. This means you'll travel to clients' locations, like workplaces or events, to conduct drug tests.

To start this business on a budget, you'll need essential supplies like drug testing kits, paperwork, and a reliable mode of transportation. You should also research local regulations and obtain the necessary licenses or certifications.

Marketing your services to local businesses, schools, or event organizers will be crucial in building a client base.

43. Start a grocery delivery service

Based on data from 1 successful grocery delivery service businesses , the median cost to start a grocery delivery service is $19.3K .

Grocery delivery is an on-demand service where clients shop for groceries, and you deliver to their commercial or residential premises.

As a carrier in grocery delivery, you have an opportunity to maximize your output, as you can serve multiple customers in one trip. Besides, you get to choose your preferred working time and location.

How much you can make: $83,333,333/month

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11 Business Ideas to Start with $50,000

Back to Business Ideas Categories

Written by: Natalie Fell

Natalie is a business writer with experience in operations, HR, and training & development within the software, healthcare, and financial services sectors.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on August 26, 2022 Updated on October 2, 2023

Somewhere in the neighborhood of $50,000 is probably the sweet spot for starting a business. It’s an amount that represents a relatively minor risk with a great chance of significant returns. You could invest in gold, build a great mobile app, get into hemp and CBD or start a lottery or luxury car rental service. 

It’s probably a good idea to do a bit of digging to see where these industries are headed and which might be on the rise. Check out our below list of $50,000 business ideas to jumpstart your thinking. 

1. Gold Business

If you have been thinking about making a living buying and selling gold, you’re not alone. Starting a gold business can be lucrative, and it’s a business that is likely to experience steady growth in the years to come. Gold has been proven to be a long-term hedge against inflation and demand for this valuable resource is expected to remain high worldwide. Besides its use in investment and jewelry, gold is also used for technology and in dentistry. 

There are several things you will need to understand to get your gold business up and running. Buying gold online is not as easy as most people think. It can be difficult to judge the quality of gold jewelry that you are purchasing, which is why it’s important for you to know how to inspect gold and have a gold testing kit on hand. You will need tools like a professional jewelry scale, magnet, metal file and magnifier loupe. Start small by buying gold from friends and grow your gold business gradually.

2. App Development

Did you ever think about how often you use mobile apps? Probably many times a day, which is why apps are among the world’s fastest growing industries. The global app market is worth more than $465 billion and expected to expand nearly 40% by 2026. If you have some tech skills, you could start your own app business and ride that growth to great success. 

Getting there, however, will not be as easy as unlocking your phone. First, you’ll need a great idea for your first app. If you’ve already got that, you’ll need to do the build out and coding, then have the app vetted and approved by major app outlets, like Apple and Google. And that’s when the real work begins — convincing smartphone owners that your app is more appealing and valuable than the millions of other apps competing for their attention. 

You might think that’s the easy part, but many entrepreneurs make that same mistake. Even the most brilliant apps need a well-executed marketing strategy to take off. Any fool can make an app. The hard part is getting people to use it.

3. Slot Machine

Have you tried your luck with spinning a slot machine? The slot machine industry has been around for a long time and it’s still going strong. There are nearly a million slot machines across the US. Most of these machines are found in casinos , although some may also be found in airports, convenience stores and grocery stores. Globally, the slot machine market is predicted to grow at least 12% per year through 2025. 

Most of the 50 states regulate ownership of slot machines. The regulations differ from state to state, so you will need to check with your state before you acquire a slot machine and start your business. You will need to choose a good location, one with plenty of foot traffic so that people will pass by regularly and get used to seeing your sign. Be sure the location allows for outdoor signage so even if it rains, your sign will still be visible. With careful planning and great marketing, your slot machine business can be very lucrative.

4. Vending Machine

Vending machines are everywhere, from hospitals to train stations, and from schools to offices, special events and more. But have you ever wondered how much money there is in vending machines? Potentially, there’s a lot. It’s a $9 billion industry that’s expected to see strong growth in the coming years. So you could start your vending machine business right now and grab a share of that market while giving yourself a steady stream of nearly passive income. 

It requires a sizable investment to buy that first machine or two and get started, but it’s a fairly low-risk venture. As long as you’re able to put your machines in locations with steady foot traffic, you should do decent business. A key decision will be the products you choose to offer; you could focus on candy and chips, soft drinks, or healthier options like trail mix and granola bars. Once that’s done, you’ll basically be able to sit back and watch your vending machine empire grow.

5. Demolition Service

Demolition work involves destroying or wrecking any building or structure to pave the way for new buildings or infrastructure. As construction activities increase, so too does demand for demolition services. If you’re thinking about starting your own demolition business, you’re on the right track! The demolition and wrecking industry in the US is valued at more than $7 billion and is expected to grow steadily through 2027. 

Starting a demolition business can be expensive and challenging. You’ll need to invest in heavy equipment, hire and train people, and equip them with protective gear to ensure their safety. Demolition work is dangerous, but you can minimize or even eliminate the hazards with proper planning and compliance with occupational safety standards. You and your team must be fully aware of these hazards and take safety precautions. Each person at a demolition worksite must wear personal protective equipment. With planning, training and compliance with safety regulations, a demolition business can be profitable.

6. Hemp (CBD) Farm

Now that hemp cultivation and sales are legal in the US, how about starting a hemp business? The hemp industry is booming, thanks to its many potential applications, and there are lots of opportunities to get in on the action. Hemp, or Cannabis sativa, belongs to the same species as marijuana, which is illegal. Hemp is grown specifically for its fiber and seeds which are used for industrial and medicinal purposes. The industrial hemp market in the US, valued at more than $800 million, is expected to enjoy a strong demand in the next five years. 

When starting your hemp business, it is important to get a license first and abide by federal and state regulations. For hemp to be legal, its tetrahydrocannabinol (THC) content must be less than 0.3% by weight. Hemp seeds contain chemicals that are used to treat a variety of medical conditions. It also contains cannabidiol (CBD), which is an essential component of medical marijuana. Starting a hemp business can be daunting, but as long as you have the license, it can be highly profitable.

7. CBD Products

Cannabidiol, widely known as CBD, is a non-psychoactive compound found in cannabis plants — and one of the world’s fastest growing industries. The US legalized cannabinoids in 2018 and the market soared to nearly $5 billion by 2020. It’s expected to be worth as much as $20 billion by 2025, and you could ride this lightning-fast wave of growth by starting your own CBD business. 

Why is CBD so hot right now? Because of the widely reputed health benefits of CBD oil and other CBC products. They have reportedly reduced the negative effects of epilepsy, cancer, Crohn’s disease, chronic pain and other ailments. You could do online research, collecting testimonials of CBD’s significant health benefits, and use that as marketing material for your new CBC business. But first you’ll need to find a reliable supplier for your CBD products and stock your inventory in preparation for the wave of customers that will soon come knocking at your door, or website.

8. Corporate Housing

If you have properties that were emptied out by the pandemic, you might want to consider repurposing these and starting a corporate housing business. The US corporate housing market is growing around 5% a year. Living in a corporate apartment is a great way to save money while you are traveling for work or undergoing training. Corporate housing is also beneficial for employees who are relocating, professionals displaced by disaster, and people who need medium-term accommodation. 

To go into a corporate housing business, it’s to your advantage to fully furnish your apartments, condo units or single-family homes. You’ll need to abide by zoning laws, health and safety regulations, community lease restrictions, and other local regulations. Before you decide on your rates, scope out the market to find out what the competition is offering. Promoting your business on social media and traditional advertising channels would help bring in customers. But it’s also important to be clear about what type of clientele you want to deal with and vet them before you sign the lease contract.

9. Auction Business

If you have experience dealing with rare and highly sought items, you might consider starting an auction business. As of 2021, auction houses in the US made around $7 billion in revenues. These are the third-party dealers that organize auctions, match buyers to sellers, handle payments and certify the authenticity of the items. The market is also projected to grow steadily in the online space with the emergence of artificial intelligence to improve the bidding process. 

Before you enter the market, be wary of the risks involved and observe what the competition is doing. You will need to find a niche and focus on it. You’ll also need to find a way to add value to your offerings to gain a competitive advantage and help your business grow faster than others in the industry. You’ll also need to find out the licensing requirements to make sure your operations will proceed smoothly.

10. Exotic Car Rental

Have you ever wanted to drive a Lamborghini? So have countless other people, which is why the luxury or exotic car rental industry is seeing strong growth and expected to expand 60% by 2028. You could start your own exotic car rental business, give customers the drive of their dreams and ride this growth wave to considerable success. 

Luxury cars don’t come cheap, so you will need to make a significant investment to get started. Even with a conservative estimate of $100,000 per vehicle, if you plan to start with five cars we’re talking half a million dollars to get your business going. You’ll also need the proper licensing as well as insurance. But once all that’s done, you’ll just need to market your services to the young and wealthy. From there, the business will basically sell itself — and you could soon be going national.

11. Lottery

The global lottery market is expected to bounce back from a pandemic-induced decline and grow around 10% each year. If you’re looking for a new business venture, then maybe you can consider starting a lottery business. The earning potential is big as a lot of people regularly purchase lottery tickets in the hope of winning the jackpot.

To get started, it’s important to decide which segment to focus on: terminal-based games, scratch off games, or sports lotteries. This will determine the kind of equipment and supplies that you will need, and answer the question on how big your shop or stall is going to be. You also need to look at government regulations, comply with documentary requirements, and address any legal issues. Anticipate technical issues with regards to accepting payments and processing wins, among others. Once you hurdle these, you should be well on your way to profitability. May the odds be ever in your favor!

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• Gold Business
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17+ PROFITABLE Business Ideas to Start with $50K [2023]

Starting a business with only 50K can seem like an impossible task, but it doesn’t have to be.

With some creative thinking and the right guidance, you can use your money to get a jump start on your entrepreneurial dreams.

In this guide, we’ll take a look at 17+ different businesses that are perfect for those looking to launch their venture with 50K or less.

From e-commerce stores to home improvement services, discover which of these businesses will best suit your skill set and financial situation.

Table of Contents

What Business Can I Start with 50K?

With $50,000 in hand, you have a considerable amount of capital to invest and kick-start your entrepreneurial journey.

Here are some promising business ideas that you can consider starting with this budget:

• E-commerce Store
• Franchise Ownership
• Mobile App Development
• Personal Training Studio
• Event Planning Services
• Digital Marketing Agency
• Specialty Coffee Shop
• Online Consulting Services
• Boutique Fitness Studio

Now, you might be thinking “But, which are the most profitable ones?”.

What Are Some of the Most Profitable Businesses to Start with 50K?

Starting a business with a capital of $50,000 can open doors to several profitable opportunities. For instance, in the e-commerce sector, businesses typically yield around 17.9% gross profit and are worth above $3.5 trillion globally. Businesses like small-scale manufacturing or food trucks can also turn lucrative within a few years. According to IBISWorld , the food truck industry alone has grown by an annual rate of 7.5% between 2011-2016.

What Are Some of the Low-Cost Business Ideas to Start with 50K?

Researching and planning.

Researching and planning are key when starting a business with 50K or less.

Before you dive in head first, it’s important to do some research into the industry you’re looking to join.

• Research your competition,
• advertising strategies,
• potential customers, and
• the local business climate.

Start by networking with people in the same industry and attending events relevant to what you want to do.

This will help give you an idea of how other businesses operate so that yours stands out from the crowd.

You should also create a detailed plan for your business including start-up costs, operational expenses, marketing plans, and more before even considering launching it.

Once you have done this preliminary research and planning, then you can move forward with setting up the shop!

If you have more amount to invest or start a business, you can check out: 🔥 12+ Best Business Ideas to Start With $100K

Online Businesses

Selling products on amazon.

While there are some basic requirements for selling on Amazon, such as

• having valid tax identification numbers and
• registering your business name,

it doesn’t have to be overly complicated or expensive.

You could even start by simply reselling products from other companies that have already been registered on the platform.

Once you get comfortable navigating the marketplace and understanding how it works, you can look into creating your private label brand or building relationships with wholesalers who will work directly with you to create an exclusive product line just for your store.

With so many possibilities available within the Amazon market , it’s easy to find creative ways of making money without breaking your budget!

Starting a Dropshipping Business

Starting a dropshipping business with 50K or less is an achievable goal. 

Dropshipping allows entrepreneurs to carry inventory without stocking it, instead shipping items directly from the supplier to the customer.

This type of e-commerce model requires minimal financial investment and can be extremely profitable if done correctly.

With a relatively low startup cost and no physical storefront, you can get your business up and running in no time.

Dropshipping offers many advantages such as:

• Low overhead costs – With no need for expensive warehouses or retail spaces, entrepreneurs drastically reduce their overhead costs when launching a dropshipping business. This means more money left over for marketing efforts which will help drive sales in the long run.
• Easy setup – Setting up a store online is much easier than setting up a physical storefront or warehouse space, all you need is an online platform like Shopify along with some basic product knowledge!
• Hands-free approach – Once your store has been set up and customers have begun making purchases, dropshipping essentially becomes hands-off for the entrepreneur since order fulfillment is handled by suppliers directly rather than by you managing inventory levels and shipments yourself.
• Wide selection of products – With drop shipping, you can offer customers a much wider selection of products than if you were to keep inventory and manage shipments yourself. This is because suppliers can provide access to thousands of items across multiple categories, making it easier for entrepreneurs to build a successful store with plenty of variety.
• Flexibility – Finally, dropshipping allows entrepreneurs the flexibility and freedom needed to run their businesses from anywhere in the world as long as they have an internet connection. This means that entrepreneurs who choose this model don’t have to be tied down by any one location or office space!

All in all, launching a dropshipping business with 50K or less can open up many opportunities for aspiring entrepreneurs, just make sure you do your research before taking the plunge and get familiar with industry trends so that you set your store up for success!

Creating an Etsy Shop

Creating an Etsy Shop is one of the easiest and most cost-effective businesses to start with 50K or less.

Whether you’re a talented crafter, artist, or vintage collector, building your own Etsy shop allows you to showcase and sell your products directly to customers.

To get started, all you need is product inventory ( or raw materials ), a few well-taken photos of your items, basic photography/video equipment ( optional ), and an internet connection.

With this initial investment of 50K or less, setting up an e-commerce store on Etsy can be incredibly lucrative if done right – so let’s dive in!

First things first; pick out a specialty for your shop. Whether it’s handmade jewelry pieces made from semi-precious stones or unique apparel designs crafted from organic cotton fabric, focus on curating quality merchandise that reflects your style and personality as much as possible.

Plus there are tons of tools available online that can help you create custom logos/branding for free!

After finalizing the look/feel of what will make up the bulk of your inventory – set prices that are reasonable but still allow for profit margins within each item category based on material costs + labor hours invested into each piece.

It’s also important to factor in additional fees associated with setting up a shop on Etsy such as

• listing fees,
• payment processing fees, and
• shipping costs.

Finally, add all of your shop items to the platform along with detailed descriptions that accurately reflect each product’s characteristics.

Don’t forget to list a variety of shipping options so customers can choose their preferred speeds and delivery methods based on location/budget constraints

Hint: offering free or discounted shipping for purchases over a certain amount can be an excellent way to encourage larger sales .

Starting a YouTube Channel

Starting a YouTube Channel is one of the most popular ways to get your business off the ground with 50K or less.

Creating an engaging and active channel doesn’t have to be expensive, though you may need some specialized equipment depending on what your videos will be about.

With that in mind, here are some tips for getting started:

• Choose Your Niche: Think carefully about what kind of content you’d like to create and who it will appeal to. This will help make sure people stick around in the long run and you can start building relationships with your subscribers.
• Invest In Quality Equipment: If possible, invest in quality recording equipment such as cameras and microphones rather than relying on just using your smartphone. This will ensure that viewers remain engaged and interested in watching more of your videos over time.
• Be Consistent: Once you’ve chosen a niche, try to post frequently ( ideally once or twice per week ) so people know when they can expect new content from you every week! This helps build trust between yourself and viewers which is essential for maintaining viewership over time.
• Promote Your Videos Across Other Platforms: Don’t forget that YouTube isn’t the only platform out there! Promoting your videos across social media platforms like Facebook, Twitter, and Instagram can help drive more people to your channel. Try joining online communities related to the topic of your videos or running targeted ad campaigns to reach even more viewers.
• Build a Community: Encourage viewer engagement by responding to comments and questions on each video, as well as engaging with other YouTubers in the same niche. This will help build relationships with fans and keep them coming back for more content from you!

Service-Based Businesses

Starting a cleaning business.

Starting a cleaning business with 50K or less can be incredibly rewarding, both financially and personally.

It is not only one of the most cost-effective businesses to start but it also provides flexible hours and the opportunity to make your own decisions , which makes it attractive for entrepreneurs.

Plus, there are many different types of services you can offer such as

• residential cleaning,
• commercial janitorial services,
• carpet cleaning,
• window washing, and more.

To get started all you need is basic equipment like vacuums, mops, and other supplies – making this an easy business venture for anyone looking to launch their own business on a budget.

Personal Training

Personal training is becoming increasingly popular due to the rise in demand for fitness services.

With 50K or less, you can create your own business as a personal trainer and reap the rewards of helping others reach their goals.

It’s important to understand what qualities make up a successful personal trainer and how to market yourself effectively so that clients choose you over competitors.

A good place to start is by getting certified by a nationally accredited organization, like the National Strength & Conditioning Association (NSCA) or the American College of Sports Medicine (ACSM).

Once you have your certifications, it’s time to get creative with marketing strategies such as creating an online presence through social media platforms such as:

• Instagram and Facebook
• updating your website regularly
• designing eye-catching flyers and business cards
• attending trade shows
• starting a blog where you post valuable tips about health and wellness utilizing word-of-mouth promotion among friends, family members, co-workers, etc
• offering discounts on bulk packages of sessions
• partnering with local gyms/fitness centers etc.

Being organized and proactive will help ensure success in this competitive field!

Starting a Consulting Business

Starting a consulting business with 50K or less is an excellent idea for someone looking to pursue their entrepreneurial dreams.

While the initial cost of setting up your practice may be low , you can still have success offering your services to clients in need of advice and expertise.

Before starting, consider researching different types of consulting services like

• market research,
• digital marketing,
• software development, and
• human resources management.

It’s also important to determine what type of clientele you are trying to attract and how much money they can reasonably afford for your services.

Once these details have been ironed out, create a business plan that outlines all relevant expenses such as office space rental, materials acquisition costs, and legal fees.

Lastly, develop a pricing system that will allow you to remain competitive while ensuring profitability for yourself over time.

With some thoughtfully considered strategizing upfront, launching a successful consulting venture with only 50K is achievable!

Pet Care Services

With the growing demand for pet owners needing reliable and trustworthy services, offering pet care is an increasingly popular way of making money.

From dog walking, house sitting, and even grooming – there’s no shortage of opportunities when it comes to providing quality pet care services.

It takes little more than startup capital and some know how to make your venture successful ( and profitable ).

If you have experience in the animal field or just love animals, starting a pet care service could be right up your alley!

Retail Businesses

Starting a food truck.

Starting a food truck is an excellent way to get up and running in the business world with limited capital.

It allows you to test out different concepts and ideas while building brand recognition in your area.

With only 50K, you can rent or purchase a used truck, buy supplies, hire staff, and be ready to serve customers within weeks.

Did you know?

You can start your own food truck business with literally no money! YES, WITH $0. BTW, we have an in-depth guide on how to do it: 👉 How to Start a Food Truck Business With No Money?

Several important steps should be taken when starting this venture including

• obtaining local licenses and permits,
• finding reliable suppliers for ingredients, and
• deciding on menu options and marketing strategies.

In addition, it’s important to keep in mind the costs associated with operating a food truck such as fuel expenses, maintenance fees, and insurance payments which should all factor into your budget for launching this type of business.

Opening a Boutique

Starting a boutique is a great way to use your 50K to make your entrepreneurial dreams come true.

Whether you’re looking for chic women’s apparel or unique accessories and jewelry, creating the perfect retail experience requires careful planning and research.

Here are some tips on how to get started.

Researching Your Target Market

Take some time to conduct market research into who will be buying from your store and what they want in terms of quality, selection, and price range.

This information can help guide you as you begin selecting items for inventory.

Setting Up Shop

Once you have an idea of what type of merchandise you will be carrying, decide where you would like to open up shop, online or in-store.

If opening an online shop is best suited for your budget and goals right now, then look into setting up e-commerce platforms such as Shopify or Wix that allow customers the ability to purchase items directly from your site.

If opting for brick-and-mortar instead, find out if there are any local regulations around boutiques such as zoning laws before renting space at a location near potential customers.

Securing Inventory

Once you have settled on the type of merchandise and the location, it is time to start building your inventory.

Consider working with wholesalers to get access to higher quality items at lower prices than retail.

When choosing products for your boutique, select ones that are unique or hard to find yet still within your customers’ budget range. Always remember not to purchase too much at once – it may be hard but try and limit yourself!

Starting a Coffee Shop

Starting a coffee shop with only 50K may seem daunting, but it can be done.

A key part of success is finding the right location and taking advantage of any available business grants or loans.

Additionally, you’ll need to craft an effective business plan that explains how you will handle operational costs, create your menu, and promote your new cafe. Here are some tips for getting started:

• Research: Start by researching the local area to find out what type of coffee shop would best fit in the neighborhood and appeal to customers’ tastes. You should also compare different locations in terms of foot traffic, rent prices, and potential customer base size; this could help you narrow down which location would be the most successful for your venture.
• Business Plan: Next up is creating a detailed yet straightforward business plan outlining all aspects related to running a coffee shop such as staffing requirements, marketing strategy, and short-term goals/priorities prior opening date, etc. It’s also crucial that you think about how much money needs to go into opening up ( e.g., cost of equipment ), daily operations ( e.g., supplies ), and other expenses like insurance premiums, etc.
• Financing Options: Once have all your figures together from your business plan, you should look into different financing options such as grants, loans, and crowdfunding. This will help you better manage your budget while getting the necessary capital to open up shop.
• Hiring: As you approach the opening date of your coffee shop, start looking for potential employees who can help run daily operations smoothly. Make sure to find people with an appreciation for customer service and a passion for coffee!
• Promotions: Once everything’s ready to go, it’s time to promote your new establishment! Create a website or social media page that focuses on sharing customer stories/reviews, hosting seasonal events ( e.g., happy hour ), and providing giveaways/discounts from time to time, this could attract more customers in the long term.

Opening a Thrift Store

Opening a thrift store is the best business to start with 50K or less. 

The startup costs are relatively low compared to other businesses and the return on investment can be huge if you find the right combination of merchandise and market.

To get started, you’ll need to

• purchase inventory in bulk from suppliers,
• set up shop in a retail space,
• hire staff (if necessary),
• advertise your store, and

Once your store is open for business, it’s important to build relationships with local companies that will provide donations as well as customers who will come back time and again for great deals.

With some savvy shopping skills and fantastic customer service, running a successful thrift store can be both profitable and rewarding!

Home-Based Businesses

Starting a virtual bookkeeping business.

Using 50K to start a virtual bookkeeping business is becoming increasingly popular as an alternative to traditional, in-person accounting.

This type of venture allows you and your clients the flexibility to work remotely using cloud-based software and secure online platforms.

Virtual bookkeepers take care of all day-to-day financial activities such as invoicing, budgeting, reconciliations, and more – all without ever needing to leave their desks.

To get started, you’ll want to invest in quality training so that you understand the fundamentals of bookkeeping and can effectively communicate with clients.

Additionally, it’s important to research which software best suits your needs and those of your customers so that everyone can benefit from the latest features available for account management. 

Freelance Writing

If you’re looking to start a business with only 50K, consider freelance writing as an option.

The great thing about freelance writing is that it requires minimal startup costs and you can do the work right from your own home.

With the demand for digital content higher than ever before, now is the perfect time to launch a freelance writing career.

Whether you are an aspiring novelist or have some experience in journalism or corporate communications, there are plenty of opportunities for skilled writers to make money online.

To get started on your journey toward success as a freelance writer, here’s what you’ll need:

• A website or blog showcasing your writing portfolio
• Knowledge of SEO and other digital marketing tactics
• An understanding of how to market yourself through social media networks like LinkedIn and Twitter
• Resources such as editing tools and software programs that help streamline your workflow

Investing in these areas will help ensure successful results for all the hard work that goes into creating great content.

Additionally, take advantage of any training courses available so that you can stay up-to-date on industry best practices or learn more advanced topics like copywriting techniques .

This will give you an edge over other competitors who may lack similar knowledge in their respective niches.

Graphic Design Services

The cost of materials and equipment, such as Adobe software and professional-grade printers, can be kept relatively low due to the abundance of quality products on the market.

Additionally, graphic design is a versatile field that has wide applications in marketing, branding, website creation and so much more.

With skillful execution and creative thinking, you could offer your services to businesses across many industries for a variety of projects.

You may even want to consider offering your services as an online freelance option for those who need help but don’t necessarily require full-time assistance from a dedicated team member.

Whatever service model you decide upon – from long-term partnerships with corporations to one-off projects for local entrepreneurs, with proper preparation and execution this business has the potential to grow exponentially over time!

Photography Services

Photography services can be a great business to start with 50K or less. 

Photography is an evergreen industry that is always in demand , and you can easily capitalize on this by offering photography services as your business.

With the right equipment, such as cameras and lighting equipment, you can shoot weddings, family portraits, commercial photographs, and more. 

Additionally, freelance opportunities are available through websites like Upwork where clients post projects they need help with – many of which involve photography work!

This is an excellent way to get your start in the industry without investing too much money upfront.

Furthermore, you have the option of selling prints online or directly to customers at events and fairs for extra income if desired.

Franchise Opportunities

Franchise opportunities offer aspiring business owners an appealing path to success, especially if you’re working with limited funding.

A franchising agreement allows entrepreneurs to tap into established brands, so they can benefit from the knowledge and expertise of existing companies.

With a relatively small investment of 50K or less, starting a franchise could be the perfect way to launch your venture and succeed in today’s competitive business world.

When it comes to franchises that don’t require massive upfront investments, there are plenty of options available for those who want to start their own business with 50K or less.

Potential businesses include food establishments such as

• convenience stores and taquerias;
• service businesses like pet grooming salons and carpet cleaning services;
• retail outlets such as accessory boutiques or cell phone repair shops;
• home-based operations including website design firms and virtual assistant providers; and
• even technology startups specializing in software development or app creation.

Each type of franchise offers its own unique set of benefits depending on your interests, experience level, financial situation, location preferences, etc., making this option an attractive choice for entrepreneurs looking for a low-cost entry point into the entrepreneurial world.

Overall, starting a business with 50K is an achievable goal. With the right combination of research and dedication, it can be done.

As long as one takes the time to plan out every step and invest in proper resources, any aspiring entrepreneur can turn this investment into a successful venture.

By investing smartly in marketing and ensuring that customer service is top-notch from day one, it’s possible to create something special that can become profitable – even with a limited budget!

Although there are no guarantees of success when it comes to business ownership, taking these steps will give you the best chance for success.

FAQs on Businesses to Start With 50K

What are some profitable business ideas to start with $50k.

Some profitable business ideas that can be started with $50K include e-commerce stores, food trucks, cleaning services, drop shipping, and social media management.

How can I start an e-commerce store with $50K?

To start an e-commerce store with $50K, you will need to invest in website design, product sourcing, marketing, and shipping. You can use platforms such as Shopify, WooCommerce, or Magento to build your store and sell products online.

What are some considerations when starting a food truck business with $50K?

When starting a food truck business with $50K, you will need to consider the type of cuisine you want to offer, the permits and licenses required in your area, the cost of a food truck or trailer, equipment, and marketing.

How can I start a cleaning service business with $50K?

To start a cleaning service business with $50K, you can invest in cleaning supplies and equipment, hire employees, and market your services to residential and commercial clients. You will also need to obtain the necessary licenses and insurance.

What is dropshipping and how can I start a dropshipping business with $50K?

Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. To start a dropshipping business with $50K, you can invest in website design, product sourcing, and marketing.

How can I start a social media management business with $50K?

To start a social media management business with $50K, you will need to invest in website design, social media management tools, and marketing. You can offer services such as social media strategy development, content creation, community management, and analytics reporting. It’s important to have a strong understanding of different social media platforms and their target audiences.

What Is the Cheapest Most Profitable Business to Start?

The cheapest and most profitable business to start is often an online service business or digital product business. These require little overhead, can be run from home, have unlimited scalability, and utilize digital marketing’s low customer acquisition costs to generate high profit margins.

Rahul is a former medical student turned business blogger who founded NamesPilot to share his passion for entrepreneurship. After successfully launching several online ventures, he now runs his blog full-time, providing tips and insights to help others build their own businesses.

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10+ Best Business Ideas to Start With $50K [2023]

By Nick Cotter Updated Aug 13, 2023

Our List of 10+ Best Business Ideas to Start With $50K:

Personal fitness gym: invest in a small space and fitness equipment, and offer personalized training sessions, food truck business: buy a used truck and convert it into a mobile kitchen, serving a unique cuisine or concept, online boutique: source unique clothing and accessories from wholesale suppliers and sell them online, mobile app development: hire a team of developers to create an innovative mobile app, specialty coffee shop: lease a small space in a high-traffic area and offer high-quality, specialty coffee, eco-friendly product retailer: source and sell a variety of eco-friendly products online, self-publishing: write and publish your own books, both physically and digitally, microbrewery: start a small-scale brewery producing craft beers, custom furniture business: create and sell unique, handcrafted furniture pieces, virtual reality arcade: rent a space and invest in vr equipment, offering a variety of vr experiences..

Hey there, future entrepreneur! So, you've got $50K burning a hole in your pocket and a burning desire to start your own business? That's fantastic! You're already one step ahead on your journey to financial freedom and personal success.

But let's be honest, starting a business can feel like standing at the edge of a cliff, right? It's a mix of thrill, fear, and a whole lot of "what ifs". That's why we're here to give you a little nudge (don't worry, not off the cliff) and guide you on your entrepreneurial journey.

2023 is just around the corner, and it's shaping up to be a goldmine of opportunities for those willing to take the plunge. So, buckle up as we dive into the 10+ best business ideas you can start with your $50K. Let's turn that dream into a reality, shall we?

Whether you're a first-time entrepreneur or a seasoned pro looking for their next big venture, this article is going to be a treasure trove of ideas, insights, and inspiration. So, grab a cup of coffee, get comfortable, and let's get started on your next big adventure!

Starting a personal fitness gym with a $50k investment is a great business opportunity for several reasons. This venture taps into the thriving health and fitness industry, which continues to grow as people become more health-conscious. It offers a personalized service that is often sought after, providing a competitive edge over larger, impersonal gyms. Additionally, the initial investment is relatively low, with the bulk of the budget going towards securing a small space and purchasing high-quality fitness equipment.

• High Demand: With the increasing awareness about the importance of health and fitness, there is a high demand for personalized training services. This trend is expected to continue, providing a steady customer base for the business.
• Low Overhead Costs: By investing in a small space and quality equipment, the overhead costs can be kept low. This allows for more flexibility in pricing and higher potential profit margins.
• Personalized Service: Offering personalized training sessions can differentiate the business from larger, more impersonal gyms. This can attract customers who are willing to pay a premium for a more tailored, personal experience.
• Scalability: Starting small does not limit the potential growth of the business. As the customer base grows, the business can expand by hiring more trainers, adding more equipment, or even opening additional locations.

Starting a food truck business with a $50k investment is a great way to break into the food industry. This business model offers flexibility, low overhead costs, and the potential for high profit margins. Additionally, the food truck industry has been growing steadily, providing a promising opportunity for new entrepreneurs.

• Lower startup costs: Compared to traditional brick-and-mortar restaurants, food trucks have significantly lower startup costs. Purchasing a used truck and converting it into a mobile kitchen can be done within a $50k budget, making it an affordable entry point into the food industry.
• Flexibility: A food truck business offers great flexibility. You can change locations based on demand, attend events or festivals, and adjust your hours of operation as needed. This flexibility can help maximize profits and customer reach.
• Unique Cuisine or Concept: Food trucks are known for their unique and specialized menus. By focusing on a specific cuisine or concept, you can attract a loyal customer base that is excited about your unique offerings.
• Low Overhead Costs: Operating a food truck business comes with lower overhead costs compared to traditional restaurants. You'll save on rent, utilities, and maintenance, which can result in higher profit margins.
• Growing Industry: The food truck industry has been on the rise over the past few years. As consumer demand for diverse and convenient food options increases, there is great potential for success in this industry.

Examples of successful businesses:

Entrepreneurship is thriving in numerous specialized sectors, from personalized fitness training to innovative tech solutions and eco-conscious retailing. By identifying unique opportunities and capitalizing on emerging trends, various entrepreneurs have carved successful paths. Below are real-world examples that highlight the potential in these diverse areas:

• Personal Fitness Gym: Anytime Fitness, a franchise that offers personalized training sessions in convenient locations around the world.
• Food Truck Business: Torched Goodness, a food truck specializing in crème brûlée, serving various unique flavors.
• Online Boutique: ModCloth, an online retailer sourcing unique clothing and accessories, catering to a vintage-inspired audience.
• Mobile App Development: Slack, a communication tool created by a small team of developers that grew into a major business platform.
• Specialty Coffee Shop: Stumptown Coffee Roasters, known for its high-quality, specialty coffee in various U.S. cities.
• Eco-Friendly Product Retailer: Grove Collaborative, an online store sourcing and selling a variety of eco-friendly household products.
• Self-Publishing: E.L. James, author of the "Fifty Shades" series, who started her career through self-publishing.
• Microbrewery: Stone Brewing, a craft brewery that started small and has become one of the largest and best-known names in American craft beer.
• Custom Furniture Business: Joybird, a company creating and selling handcrafted, custom furniture to suit individual preferences.
• Virtual Reality Arcade: Sandbox VR, offering immersive virtual reality experiences across multiple locations.

Starting an online boutique is a great business idea for a $50k investment for several reasons. This business model allows you to leverage the power of the internet to reach a global audience, while also providing the flexibility to work from anywhere. Additionally, sourcing unique clothing and accessories from wholesale suppliers can provide a significant profit margin, making it an attractive business venture.

• Low overhead costs: Unlike a physical retail store, an online boutique does not require a physical location, which can significantly reduce overhead costs such as rent, utilities, and maintenance.
• Global reach: An online boutique can cater to customers from all over the world, thereby significantly increasing the potential customer base.
• Flexible work hours: Running an online boutique provides the flexibility to work from anywhere and at any time, making it an ideal business for those seeking a work-life balance.
• High profit margin: Sourcing unique clothing and accessories from wholesale suppliers allows for a high mark-up on products, potentially leading to a significant profit margin.
• Scalability: As the business grows, it's relatively easy to scale up by adding more products or expanding into new markets. This scalability makes it a good investment for the long term.
• Personalization and niche marketing: An online boutique allows for a high level of personalization, which can help to create a loyal customer base. It also enables niche marketing, allowing the business to focus on specific customer segments.

More resources:

Starting a Mobile App Development business with a $50k investment is a promising venture due to a multitude of reasons. In today's digital age, smartphones have become a necessity and mobile apps are an integral part of this ecosystem. Businesses are constantly seeking innovative mobile apps to reach their customers effectively, hence the demand for mobile app developers is high. With a $50k investment, you can hire a team of skilled developers and start creating innovative mobile apps. This business not only has a high potential for growth but also offers substantial returns.

• High Demand: With the increase in smartphone usage, the demand for mobile apps is skyrocketing. Businesses from all sectors are seeking mobile app solutions to enhance their customer engagement.
• Potential for High Returns: The mobile app market is lucrative. If your team can develop innovative and useful apps, you can earn substantial revenue.
• Flexible Work Environment: Mobile app development doesn't require a physical office. Your team can work remotely, which can significantly reduce overhead costs.
• Expansion Opportunities: Once established, there are numerous opportunities for expansion. You can diversify into different types of app development or offer related services like app marketing and maintenance.
• Low Startup Costs: Other than hiring a team of developers, the startup costs are relatively low. Most of the investment goes into paying salaries and buying necessary software.
• Constant Innovation: The mobile app industry is constantly evolving, offering endless opportunities for creating new and innovative apps.

Starting a specialty coffee shop with a $50k investment is a great business idea for a number of reasons. First and foremost, the demand for high-quality, specialty coffee is on the rise. More and more people are willing to pay a premium for a great cup of coffee, making this an excellent opportunity for profit. Additionally, leasing a small space in a high-traffic area ensures that your business will be exposed to a large number of potential customers on a daily basis. This exposure can lead to increased sales and a steady stream of income. Lastly, the initial investment of $50k is relatively low for starting a business, reducing the financial risk.

• High demand for specialty coffee: The coffee industry is booming, and many consumers are willing to pay more for high-quality, specialty coffee. This trend is likely to continue, providing a steady market for your business.
• Location in a high-traffic area: By choosing a location with high foot traffic, your business will be exposed to a large number of potential customers. This can lead to increased sales and a steady stream of income.
• Low initial investment: With a $50k investment, you can lease a small space, purchase necessary equipment and supplies, and cover initial operating costs. This relatively low start-up cost reduces the financial risk associated with starting a business.
• Potential for growth: As your business becomes established and builds a loyal customer base, there is potential for growth. You could consider opening additional locations, expanding your menu, or even franchising your concept.

Related business ideas:

Starting an Eco-Friendly Product Retailer business online is a smart and timely investment for various reasons. The growing awareness about environmental issues and the increasing interest in sustainability have led to a surge in demand for eco-friendly products. This business not only has the potential for high profitability, but also contributes positively to the environment.

• High Demand: With the increasing awareness about environmental conservation, more and more people are opting for eco-friendly products. This trend is expected to grow in the coming years, promising a steady market for such products.
• Low Overhead Costs: Operating an online store significantly reduces overhead costs such as rent, utilities, and in-store staff. This makes it possible to start the business with a modest investment of $50k.
• Wide Range of Products: The eco-friendly product market is vast and diverse, ranging from household items and clothing to beauty products and food items. This diversity allows for a wide customer base and multiple revenue streams.
• Positive Impact: By selling eco-friendly products, you are not just running a business but also contributing to the environment. This adds a rewarding aspect to the business and is a great selling point for customers.
• Flexible Location: As an online business, you can operate from anywhere, providing flexibility and convenience.
• Scalability: With a successful online presence and a growing customer base, there is the potential for business expansion in the future. This could be in the form of diversifying the product range, offering worldwide shipping, or even opening physical stores.

Self-publishing is a lucrative business venture that offers a myriad of opportunities for writers and entrepreneurs. With a $50k investment, you can start your own self-publishing business, producing both physical and digital books.

• High Profit Margins: In traditional publishing, authors receive a small percentage of the sales. However, self-publishers can earn up to 70% of the retail price on each sale, significantly increasing potential income.
• Complete Creative Control: As a self-publisher, you have total control over the content, cover design, and marketing strategy. This allows for greater flexibility and the ability to adapt quickly to market trends.
• Quick to Market: Traditional publishing can take years from manuscript acceptance to the actual book release. Self-publishing, especially digital, can drastically reduce this time, allowing for faster returns on investment.
• Long-term Business: Unlike traditional publishing where books go out of print, self-published books can be sold indefinitely, providing a continuous income stream.
• Growth Opportunities: The self-publishing industry is growing rapidly, with more and more readers choosing to purchase independently published books. This trend provides a fertile ground for new businesses.
• Lower Startup Costs: With the advent of print-on-demand and e-book technologies, the cost of starting a self-publishing business has significantly decreased. A $50k investment can cover editing, design, marketing, and other initial costs, making it a viable option for many entrepreneurs.

Starting a microbrewery can be an excellent investment opportunity for a $50k budget. The craft beer industry has been experiencing steady growth over the past few years, with a rising demand for unique and high-quality beers. This business not only offers a chance to create a unique product but also allows you to participate in a thriving market. Here are some reasons why a microbrewery is a good business to start:

• High Demand: The craft beer market has been on the rise, with more consumers seeking out unique, locally brewed beers. This growing interest provides an excellent opportunity for new entrants in the market.
• Profitability: Despite the costs associated with starting a brewery, such as equipment and ingredients, the potential for profit is substantial. Craft beers often command higher prices than mass-produced beers, increasing the potential revenue.
• Community Engagement: Microbreweries often become focal points of local communities. They can host events, support local causes, and contribute to the local economy, thus creating a loyal customer base.
• Creativity and Innovation: Owning a microbrewery allows for experimentation with different ingredients and brewing techniques, offering a chance to create a unique product that stands out in the market.
• Low Entry Barriers: While starting a microbrewery does require some initial investment, it's relatively low compared to other businesses. With a $50k budget, one can acquire the necessary equipment and materials to start brewing.

In conclusion, with the right business strategy and a passion for brewing, a microbrewery can be a profitable and rewarding venture.

Starting a Custom Furniture Business with a $50k investment is an excellent idea for various reasons. This business model allows for creativity, uniqueness, and it caters to a specific market segment that values quality and individuality over mass-produced items. Moreover, the startup cost is relatively low considering the potential return on investment.

• High Demand: There is a high demand for unique, handcrafted furniture pieces. People are willing to pay a premium for custom-made items that match their specific taste and interior design.
• Profit Margin: Handcrafted furniture often commands a high price due to the craftsmanship and time invested in each piece. This allows for substantial profit margins.
• Low Overhead Costs: With a $50k investment, you can set up a small workshop, purchase necessary tools, and raw materials. The ongoing costs are relatively low as well.
• Online Sales: The internet provides a global marketplace for your products. You can sell your furniture pieces online, eliminating the need for a physical store and its associated costs.
• Personal Satisfaction: If you're passionate about woodworking and design, this business not only provides financial rewards but also personal satisfaction and fulfillment.

Starting a Virtual Reality Arcade is an excellent business idea for a $50k investment for several reasons. Virtual Reality (VR) is a rapidly growing industry with increasing demand, making it a potentially profitable venture. Renting a space and investing in VR equipment allows you to offer a variety of VR experiences, attracting a wide range of customers. This business model also provides an opportunity for excellent returns on investment, given the high customer interest and relatively low operating costs.

• High Demand: VR technology is becoming increasingly popular, with more people interested in experiencing it. This high demand can lead to a steady stream of customers.
• Wide Range of Experiences: By offering a variety of VR experiences, you can attract a diverse customer base. From gaming to virtual tours, the possibilities are endless.
• Low Operating Costs: Once the initial investment in equipment is made, operating costs can be relatively low. This can lead to higher profit margins.
• Unique Experience: A VR arcade offers a unique experience that customers can't get at home. This uniqueness can give you a competitive advantage.
• Profitable Investment: With the potential for high customer interest and low operating costs, a VR arcade can provide excellent returns on a $50k investment.

More helpful resources about LLCs:

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

• DONE4U LEADGENS

50 Best Businesses To Start With $50K in 2024 (Ultimate List)

June 23, 2023

You've scrimped and saved and managed to accumulate 50k.

With visions of ditching your 9-5 and aspirations of becoming an entrepreneur, your future is promising.

But what are the best businesses to start with 50k in today's unpredictable economy?

We've done the research, and come up with the best businesses to start, including cost analysis, projected growth rate, and gross profit margins to assist you in launching your entrepreneurial quest. 

But before we hit the ground running let me fill you in on a bit of my story.

ABOUT THE AUTHOR

Hey, I'm Ippei!

Until 2014, like many of the people I review, I was working in a corporate job from 9 to 5.

Not only was it soul-crushing, but it didn't give me any time to pursue my bigger goals.

That was until I discovered a method to rank sites organically, generating  free leads  for my clients.

That website you see above, for the tree care company, I created it in 2015, and since then I haven't had to touch or update it:

It has gained me a passive income of  $2000 a month .

That's more than  $100,000  for one site, in 5 years.

That's the magic of the Lead Generation business, it's by far the best model to generate passive income.

If you want to know more, just hop over here !

B2C is primarily associated with online sales or e-tailing, where manufacturers or retailers sell consumable goods via the internet.

But B2C also refers to a commerce transaction between a business and the consumer. 

Valued at over $365.2 billion with a projected market price exceeding $600 billion by 2024 and revenues expected to see a CAGR of 9.3% from 2020-2024 as per this article .

Business owners with an in-demand consumable good or service are making a ton of cash with modicum investment. 

Statistics suggest that now is an opportune time to consider this profitable business proposal. Here are a few of the top trending B2C best businesses to start with 50K .

1. Consulting

Wikipedia defines a consultant as “a professional who provides expert advice in a particular area such as business, education, law, regulatory compliance, human resources, marketing, finance, health care, engineering, science, security, or any of many other specialized fields”.

While education and credentials are an asset, they are not mandatory if you consider yourself an authority in a particular field.

What's important is that you can answer the following questions:

• Can you offer a unique perspective?
• Are you considered an expert?
• Who is your target market?
• Is there a need for your service?
• How will you market yourself and your brand?

With approximately 800,000 consulting businesses in the USA, this industry has seen an annual growth rate of 5.2% in the last five years.

You can start a consulting firm for $10,000-$50,000, less if you opt to conduct business online or from your residence. 

According to  this publication , which also highlights additional statistics and offers valuable information on how to launch a lucrative consulting firm, expenses include: 

• wages (50%) 
• purchases (10%) 
• rent/utilities (4%) 
• marketing (1.8%)

The median wage for a consultant is $80,000-$100,000+/year .

And if you know your stuff, have a skill to offer or can solve people’s problems you have the potential to generate a very nice little income for yourself.

2. IT Support Specialist

You may not be able to leap tall buildings in a single bound.

But if you have the skill set to provide business owners with assistance and maintenance for their computer systems and accompanying hardware, you may be revered as a superhero. 

Employers prefer an individual with a bachelor's or master's degree in computer science, information science, or related field.

However, if you have the experience and knowledge to back up your business, you stand to earn an average yearly salary of $50,000-$150,000+   as per this post .

Launching an IT Support business requires an initial investment of $12,000-$28,000, which includes necessary equipment, liability insurance, and reliable transportation.

Should you choose to hire additional staff, you will need to calculate salary and supplementary expenses.  

The global information technology industry is   forecast to grow at a rate of 13% in 2021.

This article offers specific information for six of the fastest growing jobs in IT for those interested.

As more business is conducted online, the demand for IT Support services will continue to expand, making now an ideal time to capitalize on your tech-savvy abilities.

3. Bookkeeping & Tax Services

No matter how digital or automated we become as a society, there will always be taxes to pay and books to be maintained.

Despite doom and gloom reports that bookkeeping services are a dying trade, the projected growth rate for 2021 is 2% in this $83.1 billion industry.

There will be shifts in execution of practice and procedures, but virtual revisions open numerous doors for individuals with a head for numbers and a willingness to adapt.

With the option to offer virtual or direct services for your clients, the structure of your business will dictate startup costs.

At a minimum, you require around $2500-$25,000 to cover expenses, including insurance, required computer programs, high-speed internet, telephone access, website hosting, and business cards.

If you have a location, calculate for rent or shared office space expenses, utilities, and incidentals. 

Salary equates to between $38,000-$48,000+/year and this post does a phenomenal job breaking down further cost analysis.

However, if you freelance or contract your services, you could charge more per hour and work less, easily surpassing the national average.

This article offers some valid suggestions and pertinent information for those considering bookkeeping as a potential business to start.

4. Fashion Adviser

The fashion industry has seen a growth rate of 21% from 2016-2020 and projected to see a CAGR of 3.5-4.5% in 2021.

With a heightened economy, people are spending money on consumer goods, and at the top of the list is fashion and 'feel-good' product lines.  

You require a minimum initial investment, between $2000-$5000 to launch a fashion advising/consulting business. 

As you expand, you will need to dedicate further funding to your endeavor.

This article offers suggestions on how to commence with becoming a fashion adviser, but a few recommendations before you begin include:

Understand the necessary logistics of the fashion industry.

Build your brand and portfolio.

Develop market-specific skills and knowledge.

Determine your target market-niche down and select your ideal client base.

Be prepared to market yourself and your business on every social media and internet platform available and establish a unique image that sets you apart from your competition.

Fashion advisers and consultants earn an average of $58,000-$80,000+/year as per this publication .

With the ability to charge by the hour if you are successful in this endeavor, you have the potential to design an extremely lucrative business.

If you have the intelligence and patience to teach children or adult learners, the tutoring industry is worth closer examination.

There are several variances in how you can launch a tutoring service-online, from home or business location.

Consider that the private tutoring service market equates to a value of over $100,000 million, with a CAGR of 7.1% between 2018-2026.

Online tutoring has an expected growth rate of 4.1% in 2021. 

As a result of the increasingly demanding and competitiveness around college admittance, the appeal for this service continues to escalate.

With the capacity to earn between $25,000-$50,000+/year as per this article , tutoring is a profitable venture.

Initial investment for an online tutoring business or brick and mortar will run you between   $15,000-$25,000+.

Startup costs costs include:

• Business/Liability Insurance
• Rent and Utilities
• Staff Salary and Incidentals
• Website Development and Design
• Marketing Expenses
• Equipment and High-Speed Internet

This article offers further suggestions and cost analysis for opening an online tutoring business.

You can also launch a from-home tutoring business for around  $1000-$5000.

And here is a post outlining additional information for starting an at-home tutoring service.

6. Mobile Make-Up Artist

Valued at $93.5 billion in the USA market, the cosmetics industry is projected to grow at a rate of 3.5% from 2020-2023.

With a thriving market comes a host of opportunities for makeup artists and freelancers .

Opening a mobile makeup business is not only an exciting venture but has the potential to be highly lucrative. 

On average, a makeup artist earns anywhere from $34,000-$120,000+/year depending on their niche and geographical location.

This post gives specific breakdowns of the industry and earnings for each target market.

But check with your specific state with regards to licensing, which you can learn more about here .

Mobile make up artists eliminate a significant amount of overhead without the added costs of rent/utilities.

By offering your services to clients at their home, you should budget for   an expenditure of $5000-$15,000+. 

This price tag includes your website, marketing expense, product-product-product, licensing, business insurance fees where applicable, travel costs, and incidentals.

Should you choose to retain additional staff budget accordingly.

This article offers supplementary information on how you can commence with one of the best businesses to start with $50K .

7. Event Planner

This $500 billion+ industry is expected to grow by 7%-11% by 2026 , with an average annual salary of $56,000-$75,000+.

If you are considering opening your own event planning business, consider a few fundamentals before you begin:

• What is your niche?(dial down and get specific if you wish to be portrayed as the expert in that particular area).
• Who is your ideal client?
• What will you charge?

Here is an article worth reading if you are considering event planning as your freedom from your 9-5.

You should budget for an initial investment between $8000-$30,000+ as per this publication .

Costs will depend on the scale and services you intend to offer and include:

• Equipment-$5000-$17,000
• Inventory-$500+
• Licensing and Taxes-$250+
• Marketing and Communications-$250
• Salary-$4000+
• Advertising-$1000+
• Insurance-$3000+
• Incidentals-$1000+

This post offers additional information on how to attract clients to enlist the services of your event planning business if interested in this best business to start with 50K opportunity.

8. Real Estate Appraiser

The real estate market forecasts promising growth as Americans continue to purchase homes.

The role of a real estate appraiser is to assess property values using data, legal descriptions, photography, and inspections. 

With a projected growth rate of 7% between 2018-2028, the demand for this position is on the rise and most dominant in active real estate markets.

  This post provides links to on-line educational opportunities and further insight describing the role of a real estate appraiser.

You can start a real estate appraisal company with an investment between $5000-$50,000 depending on how large you intend to scale your business.

 If it is just you working from your home, costs are minimal, but if you choose to have a location and employ multiple staff, you can expect to invest more.

Costs include:

• Education and Licensing Fees
• Bookkeeping Software
• Security System
• Required Equipment
• Branding Materials
• Staff Salary

Appraisers earn a gross annual income between $35,000-$200,000+ as per this publication, which also offers additional information about this opportunity.

9. Elderly Home Care

Elderly home care is a $294 billion industry, which is expected to escalate to $300 billion in 2021 with a compound annual growth rate of 8% by the end of the year.

Over 50 million seniors are living in the USA with health issues, limited mobility, and minimal familial support who require the services of in-home care. 

As the numbers grow, this population will necessitate increased in-home care services suggesting that now is an ideal time to embark on establishing an elderly care business.

Check out this publication outlining how to be successful with this endeavor.

An   initial investment of $2000-$10,000+ will cover the costs of insurance, travel, staffing, and marketing/branding. 

Should you decide to hire additional personnel, the amount will increase to cover the cost of salaries and office incidentals.

With a gross income potential of $50,000+ , this number will expand based on the number of employees you have working for your company.

This article offers some valid points to consider when opening an elderly care business.

10. Mobile Pet Grooming

People love their pets, there is no question. Americans are happy to spend money on their fur babies to ensure that they look and feel good.

What happens when you have a pet that hates to travel or is too old/sick to go to the groomers? Mobile pet grooming. 

Plan on investing $10,000-$50,000   to purchase the necessary equipment for your vehicle in addition to your 'spa' tool kit, insurance, and any state licensing requirements.

This article offers a detailed cost breakdown outlining fees associated with launching this best business to start with 50K in 2021 idea .

Expected to see a growth rate of 1-4% in 2021, the pet grooming business is a profitable industry.

Estimated statistics report that the average gross earnings for a mobile pet groomer are  $75,000-$100,000/year . 

If you add additional vehicles and groomers to your business, you will need to invest more capital but will see higher profit margins.

This publication offers further information on how to open a prosperous mobile pet grooming business. 

11. Canine Obedience Center

Dogs. A 'man's' best friend. Loyal companions with infinite affection, American dog owners consider their pets part of the family.

What happens, however, when your beloved canine is less than the ideal protector?

Untrained dogs can cause endless aggravation for their owners, hence the need for professional dog trainers.

This recession-proof industry is projected to see a growth rate of 11% by 2024.

Valued at over $6 billion dollars you can opt to own a facility or offer your services to customers in-home.

Opening a facility would cost approximately $20,000-$50,000 to cover expenses such as training facility, property, staffing, licensing, and marketing.

While licensure is recommended, it is not mandatory in the United States.

You will, however, need to purchase business and liability insurance . You can learn more about specific details around opening a dog training business in  this publication .

With the ability to charge $17-$35+/hour , your gross income is based on the number of dogs you service.

Here is an article outlining additional information on how you can begin a dog training business.

12. Dog Boarding & Kennel Business

Americans are reported to spend over $76 billion on their pets. 

No costs are spared-especially when pet parents are forced to leave their furry bundles while on vacation, traveling for work, or faced with an emergency. 

With this apparent need comes the opportunity to ditch your 9-5 and invest in yourself and your entrepreneurial dreams.

You should plan on investing $11,000-$45,000 to open a dog boarding/kennel business. 

This will cover the cost of renting a facility, equipment, licensing, utilities, insurance, staffing, and other miscellaneous items, as outlined in this article .

Kennels typically charge $29-$46+/day , so your gross profit margin will be determined based on the number of dogs you service, overnight stays, and additional benefits you offer your customers.

Check out this post for specific details on how to successfully open a dog boarding and kennel business.

13. Solar Panel Installation

Solar panel installation is seeing a massive growth from utility to residential installation.

With estimated market growth of 38% for 2021, this GWac (government-wide acquisition contract) is being fueled by federal tax breaks for businesses and homeowners opting for solar-powered installation.

This article  outlines statistics for the number nerds interested in researching the market trends from 2016 to the present. 

With an initial investment of $8000-$50,000, you can establish a small to mid-scale solar panel company which includes cost such as:

Certification & Installation Tools

Vehicle & Travel Costs

Insurance & Business Registration

Marketing & Branding

Here  is an article offering further cost analysis and suggestions on how to navigate opening a solar panel installation enterprise.

Gross income potential will be entirely dependent on sales, but here are some numbers to calculate to assist you in evaluating your potential ROI:

A 6kW solar panel system for an 1500 square foot home equates to an  installation fee  of approximately $18,500-for ONE home. 

If you are not a sales demigod, consider hiring one but plan on paying the going rate, which is an annual salary of $40,000-$160,000+.

Solar panel installers earn an average yearly wage of $28,000-$60,000+ for some perspective to this business venture. 

This post  offers further information on how you can launch this profitable suggestion.

The demand for solar panel installation will continue to rise as more Americans turn to 'greener' resources making this a top contender for best businesses to start with 50k .

14. Home Inspector

Quality assurance is a significant contributing factor to the rapidly burgeoning home inspection market.

With projected growth expected to reach $5.3 billion by 2025, this industry is seeing a CAGR of 7.4% from 2020-2025, suggesting that there is nothing like the present to invest in this lucrative business opportunity.

Depending on your geographical location will dictate your need for licensing requirements.

This article offers specific information about each state to ensure that you are covered before you begin.

Plan on investing between $1000-$10,000+ to cover the costs of:

Tool Kit & Camera

Website Development & Design

Equipment & Marketing Expenses

Licensing/Insurance Fees & Salary

This publication  offers further insight into costs associated with starting a home inspection company.

With a gross annual salary of $50,000-$64,000+, there is ample opportunity to recoup and surpass your investment and see substantial profit margins with this  best business to start with 50K  idea.

Here is an article outlining additional suggestions on how to successfully commence with this suggestion.

15. Drywall Contractor

The drywall industry continues to see a steady climb in both profitability and scalability as per this publication .

With an initial investment of $2000-$10,000 , you need to understand the trade and be able to excel at your craft to outperform your competition.

This post gives some insight into how to start a drywall contracting business.

Drywall installation is a messy and arduous task.

People do not enjoy the physical labor and monotony associated with the profession, and so they happily retain a professional service to handle the job for them.

Drywall Business Owners can expect to earn a   net salary of $50,000-$150,000+ as the average hourly rate for drywall installation is $50+/hour.

This article offers step by step instructions on how to become and start a drywall business.

16. Landscaping Company

The landscape market has a projected growth rate of 1.6% for 2021 and is riddled with opportunity. 

Keep in mind, however, that it is an incredibly competitive industry, so you will need to dial down the niche and offer specific services when first starting to capitalize on your identified target market.

While costs of owning landscaping equipment can quickly escalate into the $100,000s, there is the option to rent, which is not only cost-effective but business savvy.

By renting-which should cost between $2000-$5000-only what you need for the jobs you are hired to perform, you can keep a close eye on your profit margin.

Plan on an initial investment of $5,000-$50,000+ (purchasing a new truck will add $10,000+) as per this post .

You may not hit the jackpot at the beginning as it times to build up your brand.

But the average landscaper earns $5000-$50,000 in their first year of business   and has the potential to see gross profit margins as high as $160,000-$250,000+/year. 

This article provides additional information on how to start a successful landscaping company, which is worth reading.

17. Electrician

If you are considering opening an election business, plan on investing $5000-$25,000+ for start-up costs, which include schooling, certification, licensing, and insurance. 

This fee will also cover the expenses of necessary equipment, tool bag, vehicle, and marketing.

The industry is valued at $183.9 billion, with an   estimated growth rate of 2.2% in 2021.

This post offers ideas on how to open a successful enterprise.

There is a need for electricians in the United States, and this article provides an additional cost breakdown and helpful suggestions. 

With a salary of $96,000+/year, an electrician business is not only profitable but viewed as recession-proof and a worthwhile investment.

The welding market will see a CAGR of 5% in 2021, with the industry forecast to be worth $48.16 billion by 2026.

There is a national welder shortage in the USA, suggesting that now is an ideal time to invest in this market.

Plan on spending $10,000-$50,000 to cover start-up which will include:

• Metal Fabrication Shop Rent
• Business and Liability Insurance
• Necessary Tools & Electronics
• Mobile Service Options
• Personal Protection Equipment
• Marketing and Branding Expenses

This article provides further insight with regards to costs associated with opening a welding business.

Annual earnings for a welder is   approximately $70,000+/year.

But secure a steady stream of clients, hire additional staff, and there's no limit to income potential.

This post offers a business plan style account of how  to open a welding company. 

19. Residential Cleaning Service

With an initial investment of $1000-$5000+, you can launch your own residential cleaning company .

Expenses include equipment, supplies, vendor and business insurance, marketing, and staff salaries.

This article provides additional information and costs associated with this business suggestion.

With a YOY (year over year) growth rate between 2020-2023 estimated at 4.76%, Americans are still outsourcing their house cleaning to reputable service providers.

The key will be elevating yourself from the competition.

By offering premium service with 'added touches,' you will not only maintain client retention but will be successful at generating new customers.

The average hourly rate for residential cleaners is $8-$60+/hour , indicating that there is potential for exponential profit margins in this industry.

Here is an article offering additional information on how to launch a residential cleaning company you may find helpful.

20. Janitorial Company

Commercial cleaning differs from residential cleaning services as your focus is commercial and industrial buildings.

Sounds simple enough, but consider the difference in size and structure. The bigger the building-the larger the job, but heftier the compensation.

Commercial cleaning businesses that successfully land large, reoccurring jobs and a steady client base have the potential to earn an average of $100,000+/month. 

Companies will always need cleaners making this recommendation a relatively recession-proof option.

This is a $78+ billion market growing at an average rate of 6.6%, suggesting cash flow in this market is plentiful.

The amount you require for initial investment is based on the scale of your company.

You can plan to spend between $1000-$50,000+ as per this article .

Expenses would include:

Professional Cleaning Equipment (floor waxing machine, floor washers, industrial mops)

Marketing Expenses & Staffing Salaries

Business Licensing & Insurance

Rent/Utilities & Transportation

This post offers additional information for anyone interested in pursuing this best business to start with 50K opportunity.

21. Mobile Car Wash & Detailing

With an initial investment of $5000-$25,000+, you can open a mobile car wash and detailing company. 

Slated to see a growth rate of 2.3% in 2021, this $12.6 billion industry   is trending, solidifying that this is the year to launch your business. 

Mobile car washing and detailing owners can expect to earn based on the number of cars they service, but earnings are reported to be $23,000-$75,000+/year. 

Check out the breakdown shown in this post for a more detailed analysis.

Mobile car washing and detailing have high-profit margins, scalability, repeat customers, and are notoriously recession-proof.

Check out this publication offering further information on how to get started.

Physical Locations & Franchise Options

 Americans may have a panache for online shopping, but there remains a need for physical locations for particular goods or services. 

With a projected growth rate of 1.5% for 2021 there remains a consumer demand for this market. 

We did the research and found suggestions that are popular and have a high probability of being an extremely lucrative business ventures. 

Included are a few franchise options which can be bought into for $50k or less to diversify. 

Here are our top picks for physical and franchise best businesses to start with $50k.

22. 3D Printing & Rapid Prototyping

3D printing is the wave of the future.

This $49.74 billion industry continues to be driven by rapid technological advancements, decreased costs, and innovative applications creating a CAGR of 25% from 2018-2025. 

These statistics suggest that this business recommendation is not only profitable but has the potential to be highly advantageous for tech-savvy individuals looking for a business idea.

This publication outlines tips which may be of value when doing your research.

And  this post offers more detail on how to get started with this entrepreneurial proposition.

Initial investment will be dependent on the scale of your establishment, but you should budget for a minimum of $10,000-$50,000 for a small to midsize company.

If you opt to work out of our home, you will minimize start-up costs by eliminating rent/utilities. 

An industrial 3D printer costs an estimated $700- $6000.

Additional charges include things like:

Business Insurance

Equipment (material, nozzles, bed adhesives, & sheets)

A highly profitable market, your earnings will be dependent on sales, pricing, markup, and willingness to take risks, but gross profit margins are reported to be 30%+.

Check out the cost calculator found in this post for ideas on numbers and potential profits.

23. Dance Studio

With a projected growth rate of 5% for the next five years, this  $4 billion industry is on the rise. It takes more than a building to constitute an extraordinary dance studio as per this article .

Teachers, choreography, music, location, niche, target market, and marketing/branding strategies all play an integral role in creating a profitable dance studio.

Plan on investing between $10,000-$50,000, which will include start-up costs like:

• Rent/Lease Payment
• Equipment & Sound System
• Business Insurance & Applicable Licensing
• Marketing & Branding Expenses
• Staffing Salary & Miscellaneous

Here is an article offering further step by step instruction on how to design a rewarding and monetary fulfilling enterprise.

With an average annual salary for owners around $67,000+, if dance is your passion, you can waltz your way into owning a profitable business.

24. Gourmet Coffee Kiosk (Mobile Coffee Business)

The coffee industry is valued at $48 billion in the United States. It continues to inflate at a rate of 5.9% CAGR from 2020-2025, suggesting that there is ample opportunity for a hefty ROI. 

Opening an actual coffee shop is a pricey endeavor-upwards of $300,000. However, it is possible to open a gourmet coffee kiosk with an   initial investment of $25,000-$50,000.

Your most significant expense will be the cost of a premium grinder, which sells for around $20,000.

Add in beans, additional equipment, the cart, and supplies with business insurance, applicable licensing, etc. and you'll be on your way to a projected gross income of $165,000+/year.

Check out this post for a more complex analysis of startup costs associated with this best business to start with 50K idea .

Keep in mind that the location of your kiosk is the quintessential component for generating a steady influx of daily sales.

The more sales you make, the more money you earn.

This article offers some solid suggestions on how to become successful as a gourmet coffee kiosk owner.

Who can resist the taste of homemade baked goods? The saying "just like mom used to make" is futile if your mother was not a baker.

If you lack the skills to create baked goods , you turn to the next best thing-your local bakery.

This post offers some excellent information on how to start a successful bakery .

Revenue from bakeries in the United States is valued at $423 billion, with 70% of earnings generated from commercial bakeries. 

A CAGR forecast of 1.5% from 2020-2023, a retail bakery can achieve an   annual income of $18,000-$57,000+, which breaks down to $1500-$4,750+/month.

Plan on investing between $10,000-$50,000 to open a mid-size establishment.

But you can start a bakery for $2000-$5000 out of your home or on a much smaller scale if necessary.

Location and marketing will be paramount to your success.

Check out this article , breaking down cost analysis, and offering specific suggestions on how to open a bakery.

26. Catering Company

The catering industry can be a highly profitable business venture if you play your cards right.

The key will be determining a niche-specific market and offering a distinct and unique product and experience.

This $8 million market is slated to see an annual growth rate of 3.1% from 2020-204, confirming that there are steady growth and opportunity.

Here is an article outlining recommendations on how to launch a catering business.

You can opt to operate out of your home or rent commercial space.

Either way, the bulk of your start-up costs will be dedicated to supplies and marketing as per this publication .

Plan on   investing $5000-$50,000 depending on the size of your operation.

Caterers earn a salary in the top 25% of food industry careers with an annual income between $30,000-$80,000.

Check out this article for additional information on tips for kicking off this entrepreneurial opportunity.

27. Food Truck

Owning and operating a food truck allows chefs, cooks, or individuals with a flair for cuisine the ability to have their own place without the exorbitant start-up costs associated with owning a restaurant.

This $1.1 billion market has increased by 12% in the last five years and continues to see a projected growth rate of 7% in 2021. 

There are a few things to consider before you begin.

While it is possible to purchase a used food truck for $35,000-$50,000, it comes with its own package of potential problems.

A new vehicle with a chassis will run you an initial investment of $50,000-$75,000, and a new truck with a kitchen will set you back $100,000-$175,000. 

When you purchase a new truck, you have fewer hidden costs, such as repairs, warranty issues, permits, aesthetic concerns, and potential breakdowns.

With a new vehicle, you are covered under warranty, you are guaranteed to pass inspection, and the setup is customized to your made-for-you order.  

The choice is yours, but this article may offer further insight into the pros and cons of shelling out a bit more dosh for unused wheels.

Location is paramount for sales, but the average food truck will gross $300,000+ annually .

This post offers further details on how to launch a profitable business.

28. Tanning Salon

There is no denying that if you have a tan, your skin not only looks better, but you feel better.

With a projected growth rate of 5.2% for 2021, it is abundantly clear that most American's agree with this sentiment.

This over $1 billion industry sees over 30 million Americans visit locations across the country each year.

You'll need $50,000 capital to fund your tanning salon to cover the costs of essentials like:

• Spray Tan Machines-$500-$5000/each
• Basic Items-$4000 (lamps, lotion, eye protection, timers, marketing, cleaning supplies, etc.)
• UV Tanning Beds-$10,000/each (used ones can be found for sale at a much lower price)

Here is an article providing additional information on how to open a tanning salon.

Given the popularity of tanning salons, location and your target market will be paramount to your success.

A salon hosting eight tanning beds and a spray tan machine will see net profits of $65,000+/year.

Check out this publication for additional information on this best business to start with 50K in 2021 idea .

29. Fitness Boutique

Reported to be the world's largest health and wellness market, the industry is valued at $39 billion and growing at an annual rate of 4.5%.

Fitness boutiques encompass 40% of the market and are typically high-end establishments smaller than your classic box gym offering specialized classes and group exercise. 

The fitness industry is a competitive market, so your boutique needs to stand apart from the crowd-either in pricing or programming.

By catering to a niche-specific market, you must research your targeted populace and determine the ideal location for your desired demographics.

Initial investment is between $20,000-$50,000 as per this post , which also provides insight on how to surpass the competition and be successful with your fitness boutique.

Gross profit margins are contingent on the number of clients and rates you impose, and range from $40,000-$100,000+/year.

Check out  this article , which applies to gym owners, but offers pertinent information and valuable suggestions for individuals interested in opening a fitness  boutique .

Franchise options such as SPENGA offer 20-minute spin-strength-yoga and require an initial investment of $50,000 if you are interested in coupling with an established entity.

Reports advise that owners earn an average of $58,464/year. You can learn more about this opportunity here .

30. Meditation Center

Meditation and mindfulness are hot trends, both in the global and American markets.

Forecast to see annual revenue growth of 11.4% by 2022, this $1.5+ billion industry caters to individuals focused on self-development, and self-circumspection.

With an initial investment of $30,000-$50,000, it is possible to open a 1000+square foot studio to offer patrons a place of solitude to practice. 

This capital will cover your interior decorating costs, business insurance, rent/utilities, marketing expenses, and miscellaneous fees.

While it is not mandatory to possess certification in mediation, it is highly recommended that you obtain accreditation in the field.

Set yourself apart as an expert, and your potential clients will be more willing to trust and attend your classes. 

Because meditation is so popular, it is also extremely competitive, so be prepared to do your market research and offer a unique atmosphere to draw in and retain your clientele.

This article provides additional suggestions on how to open a thriving meditation center. 

31. Boudoir Photography Studio

The photography business is  cutthroat, so by choosing to do boudoir photography, you have narrowed your niche-specific target market and identified your ideal client base.

Valued at over $10 billion, the photography market is expected to grow an annualized 0.3% in 2020.

Plan on spending $10,000-$50,000 to establish your business.

Costs will cover things like:

• Studio Rental/Utilities & Camera/Photography Lens/Equipment 
• Developing Equipment & Lighting 
• Accessories & Business Insurance
• Licensing Costs & Marketing Expenses

Here is an article outlining how to start a boudoir photography business that offers valid suggestions and pertinent information.

Your gross profit margin will be dependent on the number of photo shoots you book each month.

You can  charge upwards of $200/hour and sessions typically comprising a 1-2 hour time frame, confirming that there's potential to generate a significant income as a boudoir photographer . 

32. Vending Machines

Despite a projected decline of 4.2% CAGR for 2021, the vending machine business is far from dead.

But to remain competitive with cashless convenience stores/kiosks, the vending machine market is making advancements to its machines to accommodate American's harried lifestyles. 

Worth an   estimated $23 billion in 2021, vending machines remain a profitable industry.

By stocking your machine with healthier options, you appeal to the population's increasing health-conscious mindset.

There are two ways to launch a vending machine business, but with both suggestions, you require a seller's permit, insurance and business license, which you can learn more about here . 

You can purchase a vending machine from $2000-$10,000, and this article offers additional advice on how to open a vending machine business. 

Franchise options such as Healthier 4U Vending require an initial investment of $30,000-$50,000 and provide training, support, and a business plan. 

If you prefer to associate with a reputable company, then franchising may be your best course of action.

Vending machine owners report gross profit margins of 50-80% but sales and location are vital to generate a semi-passive income with this best business to start with 50K idea.

Check out this publication for more information on how to begin a successful vending machine business. If you want to start vending machine business, check iKrave Vending . 

33. CBD Business or Vending

The CBD market is exploding in the USA making this one of the best businesses to start with 50K . 

Valued at $553.7 million in 20201, this industry is expected to reach $4268.3 million by the end of 2026.

With a CAGR of 107% by 2023, there is no better time to jump in on this cash cow. 

One in five Americans is already utilizing the health benefits of CBD Oil   to support mental health goals, and the 'boomers' are on their heels.

CBD Oil will eventually minimize the need for prescription medication as FDA regulations iron out kinks, and distillery methods continue to advance. 

An initial investment of $10,000-$50,000 will cover the costs of training, consulting, permits, product, marketing, and basic equipment.

This front end capital will also include the cost of rent, utilities, and incidentals.

Here is an article offering further startup cost dissection with additional details on how to open a successful CBD business. 

Gross profit margins will be determined by sales so choose your location wisely and understand the demographics of your target market.

With a 50% markup it is possible to clear $6000/month as per this publication which equates to a net income of $72,000/year.

Alternately you could opt to own a CBD Vending Machine.

There are now vending machines equipped with age verification and online payment options.

Franchises such as CBD Vending require $50,000 capital but report that this passive income equates to approximately $50,000/year.

34. Vape Shop

The vape and the e-cigarette market is valued at $12.41 billion worldwide and projected to see a CAGR of 23.8% from 2020-2027.

Despite surgeon general warnings and social stigmatization, Americans enjoy their vape and show no signs of ceasing this guilty pleasure.

With an investment of $25,000-$50,000, you can open and stock a vape shop as per this publication .  

The typical vape shop estimates $26,000/month in sales. After deducting expenditures and taxes, your business can attain a $120,000+/year net profit.

Check out this publication for additional information on how to capitalize on these best businesses to start with 50k for additional material.

35. Lice Removal/Treatment Company

Lice. Would not wish them on my worst enemy, but believe you me, they are a big-ticket payout with an industry valued at $1.9 billion and a growth rate of 6.5%.

If you can stomach the task you stand to earn $100-$155/session.

You can open your own lice removal and treatment store for an initial investment of $30,000-$50,000. Costs include:

Rent/Utilities & Product

Procedure Rooms & Business Insurance

Marketing & Staff Salary

Additional Training and Certification 

If you prefer the franchise route, connect with corporations like  Lice Clinics of America , who require an initial investment of $64,000-$105,000 which is more than our promised $50k but worthy of mention.

Add consumable goods to your store with a 50% markup on take home products to capitalize on your gross profit margins.

Consider doing house calls, and you can raise that number even more substantially.

This article offers additional industry information which is both applicable and fascinating.

36. Slumber Party Celebrations

Children's birthday parties have become legendary events in many parts of the country.

It's all rainbows and unicorns as business owners capitalize on this trending industry and provide one of a kind overnight sensations for girls and boys 3-16 years of age.

The   children's entertainment industry is valued at $8.15 billion globally, with a projected CAGR of 8.4% from 2019-2026.

Launching a slumber party business is not only profitable, but it is also ingenious.

Children will always celebrate parties, and with franchise options available in the United States with companies such as Elite Teepees , the legalities and equipment are part of the package.

Plan on an initial investment of $10,000-$15,000 to align with a franchise, and roughly the same if you opt to go alone.

With the benefit of flexible hours and a work-from-home situation, your income will be dependent on the number of parties you are booked to host.

Market yourself and your brand wisely, and the only leg work will be setting up, tearing down and cleaning the equipment.

With estimated income between $26,000-$225,000+ per annul strike while the iron is hot and you will be the owner of a very lucrative business.

37. Cell Phone Repair Store

Worth an estimated $4 billion in the United States, the cell phone repair industry is reported to increase by 1.6% in 2021.

Establishing a cell phone repair business has a couple of options-storefront or mobile, each with pros and cons, but each easily attainable with an   initial investment of $1000-$30,000+. 

Costs for equipment and inventory are minimal so the bulk of your expenditures would be spent on rent or an appointed travel method.

Profit margins are insanely high with net revenues reported to be $800+/week on average as per this article .

Everyone and their uncle has a cell phone, but not all are in a position to purchase new in the event their existing device becomes damaged. 

With a steady influx of potential clients, your ability to market your business and price point will dictate how fortuitous you are with this enterprise.

Here is a post outlining additional information and suggestions on how to open a cell phone repair business.

38. Co-working Space

5.1 million Americans will be utilizing co-working spaces by 2022, with 40% of employees offered the opportunity to work from home.

When you factor in freelance and contractual work, this number rises significantly.

The reality is Americans love the autonomy of working remotely, but as social creatures, yearn for human interactions, hence the continued demand for co-office space. 

With an initial investment of $30,000-$50,000, you can establish a smaller scale co-office space, and as you see an increase in your ROI expand as necessary.

This number covers the cost of rent, furniture, utilities, and amenities. By renting out desks-perhaps to more than one individual-you maximize the use of your space and eliminate unused areas. 

Gross profit margins will vary depending on the size of your location, the number of people you serve, and the rates you charge.

This article offers some additional information and statistics regarding office space, which you may find beneficial.

There is a failure rate in this industry, but if you do your due diligence and choose your location with care you can be among those successful with this endeavor.

Keep it small to start (think 1000 square feet) and expand only when you have recouped your investment as per this publication .

39. Tailor/Alterations Services

Reports advise that the clothing and apparel industry is worth an estimated $1.5 trillion worldwide and has seen a CAGR of 3.5%-4.5% from 2016-2020.

With American consumerism at an all-time high, individuals are willing to spend money on high-end fashion. 

They 'don't make it like they used to,' creating an increase in the need for alterations and repairs.

Additionally, with 45% of the American population classified as obese, there is an ever-growing need for custom made clothing.

Opening a tailoring and alterations shop is not only a low-cost investment opportunity but a profitable business venture if executed correctly.

With an initial investment of $10,000-$30,000, the cost of rent/utilities, industrial sewing machines, additional equipment, marketing expenses, business insurance, and incidentals is covered.

Check out this article for tips on how to start a tailoring/alterations business.

While the average hourly salary for a tailor is $12-$18, there is every potential to earn more like $25-$35/hour as per this publication .

Your skill, experience, location, rates, amount of service, and client retention will dictate how successful you are with this undertaking.

40. Freelance Drone Pilot Service

Projected to reach an industrial value of $43 billion in 2024, the drone market is slated to see a CAGR of 20.5%.

The growth will occur in the two main areas of the drone industry: consumer and enterprise (commercial), creating over 100,000 jobs.

Drone pilots are becoming an in-demand occupation suggesting that now is the ideal time to launch a drone flying business.

Cost allocations look like this:

• Thermography Certification-$6000+
• Aeronautical Knowledge Exam-$150
• Drone Licensing  Fee-$500
• Drones-$1000-$10,000
• Business/Liability Insurance-$500-$3000
• Rent-$3000/month
• Utilities-$150/month
• Marketing Expenses-$500
• Staffing-$2000-$5000/month

Depending on the number of drones you choose to own/operate and staff, you can expect to shell out an initial investment of $10,000-$50,000.

This article offers step-by-step instructions and specifics on how to become a drone pilot and commence with a profitable enterprise.

Part-time drone pilots earn an average of $500+/week, but if you land contracts with large corporations, you could be looking at payouts of $3500+/day as per this publication .

Location and competition are your two main challenges.

But if you are a lone wolf and there is the need for this service in your area, you have hit pay dirt with this best businesses to start with 50k  suggestion.

The Internet & Online Opportunities

The average American spends two hours and twenty-four minutes a day on social media and the internet.

The introduction of online and technological information has opened a realm of endless possibilities for ambitious and resourceful individuals. 

With people scouring the internet immersed in searches for everything from employment opportunities to the oldest person alive, now is an ideal time to capitalize on this goldmine and carve out an online business.

Here are a few of the best businesses to start with 50K online for 2021 designed to generate substantial earning potential for your consideration.

41. Digital Marketing Arbitrage/Re-seller

Retail arbitrage or reselling is simply a person or company purchasing goods or services to resell versus consume them.

Essentially you are scouring the web, stores, warehouses, etc. on the hunt for the best deal. 

You buy items at a discounted price and then download pictures/descriptions on to your website with your chosen markup value.

 Genius right? Immensely competitive, but it can be done, and if done well, it can generate significant profits for you and your potential counterparts.

Plan on an initial investment of $2000-$10,000 +  to cover the costs of:

• High-Speed Internet Connection
• Rent/Utilities (should you choose to operate outside of your residence)
• Staff Salary (where applicable)

This article breaks down further cost specifics and offers additional information on how to generate a successful business.

Gross profit margins come down to the deals you can land and the mark up you secure on goods sold. 

Sales play a considerable role in your income, so be sure to choose hot selling, easily packaged goods with product listings that convert to actual money in your pocket.

Here is an excellent post delving further into the world of digital retail arbitrage, offering valid tips and tricks to get you going in the right direction.

42. Chat Bot Developer

Americans love chat bots. They enjoy the 'always on' characteristic and instant response to their queries.

Valued at $2.6 billion with a CAGR of 29.7% between 2020-2024, chat bots in the customer services segment are expected to be the fastest-growing of the chat bot industry. 

Developing a chat bot is a meticulous and somewhat time-consuming endeavor but has the potential to be a lot of fun if you enjoy the behind the scenes tech-stuff and have a creative mind.

Plan on investing between $6000-$15,000 to fund your chat bot development as per this post .

This price tag includes your time, design, development and integration processing costs. 

This article provides further information on how to develop and launch a successful chat bot marketing agency.

The potential for income, both passive and semi-passive, is astronomical if you design a chat bot meeting businesses criteria.

Marketing your product and chat bot platforms can earn you $2000-$10,000+/month or sell outright for $5000-$50,000+.

43. Web Development-Design & SEO Firm

Website development /design and SEO is a  $38+ billion industry and forecast to see a CAGR of 4.4% in 2020.

This market is not dying, but it is splintering into specialized areas.

By optimizing this fragmentation and developing a business offering specific services, you will narrow your target market, augment niche-specific projects, and elevate yourself from the competition.

With a unique skill set and scalability option, you can open a website development/design and SEO agency with $5000-$50,000 capital.

Consider the size of your business and budget for the following:

Rent/Utilities & Business Insurance

Furniture & Equipment

High-Speed Internet & Telephone

Marketing Expenses & Staffing Salary

This article offers some suggestions on how to open a website development/design and SEO firm.

Reputable conglomerates charge anywhere from $100-$150/hour for their services.

And your gross profit margins will reflect your monthly expenses and number of paying clients you can consistently retain. 

Check out this publication for additional ideas on how to make your company deviate from potential rivals and be successful.

44. Crowdfunding Platform

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.

Crowdfunding is a form of crowd sourcing and alternative finance-Wikipedia.

Many businesses, non-profit, and even individuals utilize crowdfunding to generate capital to invest in their endeavors. 

Valued at over $10 billion globally in 2021, this market is projected to reach $28.8 billion by 2025, suggesting that now is a great time to invest in this money-making scheme.

Here is an article breaking down specifics on how to build your crowdfunding campaign with an initial investment of around $50,000 . 

The premise is to cut the queue, beat more well-established platforms at their own game, and launch the "next great consumer product."

Done correctly, businesses, non-profits, and individuals will utilize your platform to create their crowdfunding campaigns, generating a semi-passive income. 

Gross profit margins will depend on the scale of the project, agreed compensation, and popularity of your platform.

Here is an interesting post describing crowdfunding in more detail for those interested.

45. Copywriting Agency

Everything is online, and business owners know that the digital market can make or break them.

Hence the ever-growing blog posts on websites, new and authoritative content, more press releases, PBNs, and content-content-content.

Statistics suggest that e-commerce sales will reach $4.5 trillion by 2021. If business owners hope to survive and thrive, most need the services of a skilled copywriter.

Plan on an initial investment of $10,000-$50,000 to open a copywriting agency.

These costs will include:

• Office Furniture & Computers
• Fees For Merchant Accounts & Invoicing Software
• Content Management Systems & Programming
• Marketing Expenses & Staff Salary

This post highlights suggestions on how to open a copywriting firm.

Consider adding specialty a la carte services such as editing, translation, and transcription to your portfolio to maximize earning potential.

Copywriters charge anywhere from $25-$100+/hour   depending on expertise and experience.

The number of individuals you employ, clients you service, and rates you implement will dictate your gross profit margins.

There is the opportunity to earn substantial payouts with these business suggestions, as per   this article .

46. Software Engineering & Development Call Center

The software development industry is valued at over $500 billion worldwide and employs over 600,000 Americans for APP development alone.

With a CAGR of 21% forecast from 2018-2028, this is a best business to start with 50K in 2021 suggestion worth investigation.

You're looking at an initial investment of $2000-$50,000 but  the size of your call center will govern your start-up costs which include:

Internet/Telephone & Website Hosting/Data Storage Fees

Office Furniture & Computers 

Specialized Programs Per Project & Copyright/Trademark/

Patent Fees

Here is an article offering additional information on how to start a software engineering and development business.

With big-name corporations such as Google and Reddit in search of qualified individuals and willing to pay big bucks for your brilliance, the average salary for a software developer is over $100,000/year. 

Python developers are a prime example of creating niche-specific services. With a growth rate of 19% in 2021, the more upscale the software, the higher the compensation.

This article  shares some interesting facts from a consumer perspective regarding choosing a software development company for those curious about this market.

47. Graphic Design Firm

Graphic design is worth over $11 billion in the United States and is projected to see an increase of 1.5% in 2021.

Competition is intense, but like most digital trends, there are 'a lot of asses but few horses.'

If you are an expert in the field, can offer unique and diverse results with a portfolio and reputation to back your expertise, you have the potential to be quite successful in this market. 

With annual wages for a graphic designer averaging $27,000-$78,000+/year, the staff you employ and projects you secure will determine your gross profit margins.

Check out this post on how to capitalize on your skill and earn top dollar for your artistry.

Plan on   investing between $10,000-$50,000 to develop an agency. 

Of course, there are low-cost options such as freelancing, online, from home or contractual, but if you have $50K to invest, why not hold the 'go big or go home' mentality?

This article offers a breakdown of startup costs and recommended software for those interested in creating a graphic design firm.

48. Social Media Manager

Social media is on fire! With new platforms emerging, you need to be on your toes to stay in touch with the latest trends, algorithms, and consumer spending. 

This publication offers a few statistics proving that social media is the wave of the future.

And if businesses hope to remain competitive, they need to capitalize on these social platforms.

Understanding the nuances of social media marketing is a skill set with study, keen eyes, comprehensive awareness, and analysis of market data. 

You can start a social media management firm for $2000-$50,000, depending on the size of your enterprise and the number of people you opt to employ.

At a minimum, consider hiring:

• Social Media Marketing Specialist
• Lead Generator
• Web Designer
• Content Marketer
• Email Marketer
• Bookkeeper/Admin

Charge between $40-$60+/hour, but your gross profit margin will depend on the number of clients you serve and your pricing.

This post offers additional information on how to get started with this advantageous business idea. 

49. Virtual Assistant

Virtual Assistants are the way we are moving and 18% of the American workforce now working remotely.

Digital opportunities and online platforms have granted business owners the convenience of outsourcing mundane tasks to remote workers anywhere in the world. 

Why not keep that capital in the United States and open a virtual assistant agency?

Plan on an initial investment of $500-$50,000 to startup costs.

But if you opt to work from home and allow your staff to do the same, you slash your initial costs significantly as per this article .

The more individuals you have working for you and retaining clients, the more profits you will earn.

The average income for virtual assistants is   $19,000-$66,000+/year.

Here is a post offering some additional suggestions on operating a virtual assistant agency.

50. Selling Information Products

Business to consumer online product information is a   $3 trillion+ global industry.

If you can educate and entertain or are willing to guinea pig yourself virtually as you learn a new skill set, then you may have an information product to share.

The key to being successful with this enterprise is to study market trends-what are people searching for-what are they interested in learning?

Watch those algorithms like a hawk and set your platform up with exact precision and attention to detail.

This article offers tips on how to market information products online.

Plan on an initial investment of $1000-$50,000 depending on the platform you utilize and how much you want to invest in ad spend.

SEO, keywords, and quality content are necessary not to flop with this.

Here is an additional post with valuable information if this business idea has piqued your curiosity.

Earnings will be sales driven, so be prepared to perform your due diligence and work consistently.

Maintain focus, and the more you sell, the more you will make.

IMO The Best Business To Start In 2021

Lead Generation

Lead generation is all about creating simple websites and ranking them on Google. Using strategies to leverage organic growth and generate leads for local business owners.

You don't need to be an SEO master or a web designer extraordinaire. All you need for this best business to start in 2021 is a 'lil bit of hustle and a willingness to trust the process.

What Is Lead Generation?

Let's start at square one.

Learn how to build and rank websites in over 400 niches anywhere in the world.

Your lead gen sites are like digital real estate.

Billboards that generate leads you then sell to local business owners looking to grow their company.

Because the sites and the leads belong to you, the ball's in your court.

Set up payment arrangements anyway you like (flat fee, commission, pay-per-lead).

Just like I did with this tree site-one of my first lead generation properties.

This site has been making me $2000/month for over six years .

Why Lead Generation Works:

Lead generation is six simple steps. Set up your LG's just like it's taught in this training.

Do it right, and your sites are pretty hands-off. Build one-then build ten more.

Each site has the potential to bring in a steady stream of semi-passive income. And the beauty is that there's no limit to how many sites.

This program teaches you how to leverage Google using specific strategies like on and off-site optimization, keyword research, and quality content.

We have over 7000 members in our program. Some had experience-other's not so much.

But they all had the drive and ambition to commit to the training and trust the process.

Gotta be clear here-lead generation takes work.

This isn't some kinda get rich quick scheme, so if you're looking for a free ride, you'll need to look elsewhere.

But if you're ready to get after it and are willing to put in the work initially, lead generation can bring you financial freedom.

Curious? Want more info?

Or maybe you just want to learn more about this business model .

If this sounds like your jam, click the link below and schedule a call today.

This isn't an exhaustive list, but I hope it's helped get your creative juices flowing and provide you with the best businesses to start with 50K in 2021.

If you have a recommendation that is not on the list, please feel free to drop it in the comments-always a pleasure hearing from our readers.

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Very informative

The franchising options you have included in this article are very helpful. I am personally a franchise consultant in a company FMS Franchise USA and I know how helpful it will be for everyone. Great article! Thanks.

AMAZING BLOG I LOVED IT

Thanks for reading!

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The Top 100 Franchises for Less Than $50,000 Here are the 100 top franchise opportunities for under $50K, ranked based on the scores they received in Entrepreneur's 2022 Franchise 500 ranking.

By Tracy Stapp Herold Apr 25, 2018

Becoming your own boss is an empowering experience. It takes drive, grit, a plan, and capital. As an entrepreneur, an excellent option for owning your own business is to become a franchisee. Franchising a business has many benefits because it has a built-in roadmap with an established franchise model at the helm.

From in-house cleaning service franchises to miscellaneous home services to food franchises to wellness and more, Entrepreneur has the best small business franchise systems to fit a low-investment business model. Check them out below.

The Top 100 Franchises for Less Than $50,000

Starting your own business requires a substantial financial commitment. Franchise business systems can also fall into that category; however, becoming a franchise owner doesn't have to break the bank.

Below you'll find the top low-cost franchises that you can start with an initial investment of $50,000 or less, ranked based on the scores they received in Entrepreneur's 2022 Franchise 500 ranking .

This list is not intended to recommend any particular franchise but to serve as a starting point for your research. Even with low overhead, high-profit margins, and industry leader brands, you should always carefully read the company's legal documents, consult with a franchise attorney and an accountant, and talk to current and former franchisees before you invest.

1. Jan-Pro Cleaning and Disinfecting

• Industry: Commercial Cleaning Franchise
• Startup Cost : $5,000 - $58,000
• Total Franchises/Company Owned: 10,418/0

2. Stratus Building Solutions

• Industry: Commercial Cleaning
• Startup Cost : $4,000 - $80,000
• Total Franchises/Company Owned: 2,900/0

3. Anago Cleaning Systems

• Startup Cost : $11,000 - $68,000
• Total Franchises/Company Owned: 1,791/0

4. Goosehead Insurance

• Industry: Insurance
• Startup Cost : $40,000 - $119,000
• Total Franchises/Company Owned: 1,344/0

5. Realty One Group

• Industry: Real Estate
• Startup Cost : $43,000 - $225,000
• Total Franchises/Company Owned: 344/12

6. RooterMan

• Industry: Plumbing
• Startup Cost : $45,000 - $82,000
• Total Franchises/Company Owned: 749/0

7. Dream Vacations

• Industry: Travel Agencies
• Startup Cost : $2,000 - $21,000
• Total Franchises/Company Owned: 1,618/0

8. NextHome

• Startup Cost : $16,000 - $220,000
• Total Franchises/Company Owned: 578/0

9. Chester's

• Industry: Chicken
• Startup Cost : $16,000 - $228,000
• Total Franchises/Company Owned: 1,098/0

10. Cruise Planners

• Startup Cost : $2,000 - $23,000
• Total Franchises/Company Owned: 2,585/0

11. Brightway Insurance

• Startup Cost : $23,000 - $174,000
• Total Franchises/Company Owned: 308/2

12. Skyhawks Sports & Supertots Sports Academy

• Industry: Children's Fitness Programs

13. Leadership Management International

• Industry: Business Training Programs
• Startup Cost : $20,000 - $28,000
• Total Franchises/Company Owned: 483/0

14. H&R Block

• Industry: Tax Services
• Startup Cost : $32,000 - $158,000
• Total Franchises/Company Owned: 9,935/6,665

15. Destination Athlete

• Industry: Sports Equipment & Apparel
• Startup Cost : $28,000 - $94,000
• Total Franchises/Company Owned: 207/0

16. Jackson Hewitt Tax Service

• Startup Cost : $49,000 - $82,000
• Total Franchises/Company Owned: 5,483/2,070

17. American Poolplayers Association

• Industry: Miscellaneous Recreation Business
• Startup Cost : $23,000 - $29,000
• Total Franchises/Company Owned: 338/6

18. National Property Inspections

• Startup Cost : $41,000 - $49,000
• Total Franchises/Company Owned: 223/0

19. Coverall

• Startup Cost : $19,000 - $51,000
• Total Franchises/Company Owned: 8,107/0

20. WIN Home Inspection

• Industry: Home Inspections
• Startup Cost : $36,000 - $42,000
• Total Franchises/Company Owned: 270/0

21. Buildingstars

• Startup Cost : $2,000 - $53,000
• Total Franchises/Company Owned: 968/21

22. Card My Yard

• Industry: Yard Sign Rentals
• Startup Cost : $10,000 - $18,000
• Total Franchises/Company Owned: 503/2

23. Sign Gypsies

• Startup Cost : $4,000 - $10,000
• Total Franchises/Company Owned: 770/1

24. Pillar To Post Home Inspectors

• Startup Cost : $44,000 - $54,000
• Total Franchises/Company Owned: 558/0

25. We Insure

• Startup Cost : $44,000 - $124,000
• Total Franchises/Company Owned: 192/1

26. Estrella Insurance

• Startup Cost : $12,000 - $84,000
• Total Franchises/Company Owned: 180/0

27. Jantize America

• Startup Cost : $8,000 - $49,000
• Total Franchises/Company Owned: 155/0

28. 1st Class Real Estate

• Startup Cost : $33,000 - $209,000
• Total Franchises/Company Owned: 82/1

29. Sit Means Sit Dog Training

• Industry: Dog Training
• Startup Cost : $29,000 - $129,000
• Total Franchises/Company Owned: 157/0

30. Corvus Janitorial Systems

• Startup Cost : $10,000 - $35,000
• Total Franchises/Company Owned: 1,727/0

31. TSS Photography

• Industry: Photography & Video Services
• Startup Cost : $20,000 - $75,000
• Total Franchises/Company Owned: 173/0

32. OpenWorks

• Startup Cost : $4,000 - $134,000
• Total Franchises/Company Owned: 644/0

33. Toro Texas

• Startup Cost : $18,000 - $74,000
• Total Franchises/Company Owned: 195/30

34. Challenge Island

• Industry: Children's Enrichment Programs: STEM
• Startup Cost : $50,000 - $69,000
• Total Franchises/Company Owned: 186/7

35. Synergy HomeCare

• Industry: Senior Care
• Startup Cost : $44,000 - $131,000
• Total Franchises/Company Owned: 396/0

36. Sculpture Hospitality

• Industry: Miscellaneous Business Services
• Startup Cost : $43,000 - $76,000
• Total Franchises/Company Owned: 286/11

37. Jazzercise

• Industry: Fitness
• Startup Cost : $2,000 - $22,000
• Total Franchises/Company Owned: 7,761/0

38. Christmas Decor

• Industry: Lighting Services
• Startup Cost : $20,000 - $62,000
• Total Franchises/Company Owned: 259/0

39. Soccer Shots

• Startup Cost : $43,000 - $55,000
• Total Franchises/Company Owned: 269/12

40. Mint Condition

• Startup Cost : $5,000 - $32,000
• Total Franchises/Company Owned: 409/0

41. Colors On Parade

• Industry: Automotive Appearance Services
• Startup Cost : $21,000 - $98,000
• Total Franchises/Company Owned: 220/4

42. Network In Action

• Industry: Networking Groups
• Startup Cost : $26,000 - $33,000
• Total Franchises/Company Owned: 80/3

43. Payroll Vault

• Industry: Business Financial Services
• Startup Cost : $49,000 - $63,000
• Total Franchises/Company Owned: 65/4

44. Aire-Master

• Industry: Miscellaneous Maintenance Businesses
• Startup Cost : $45,000 - $170,000
• Total Franchises/Company Owned: 170/7

45. Complete Weddings & Events

• Startup Cost : $57,000 - $81,000
• Total Franchises/Company Owned: 109/2

46. Rhea Lana's

• Industry: Children's Retail
• Startup Cost : $21,000 - $40,000
• Total Franchises/Company Owned: 105/2

47. Parker-Anderson Enrichment

• Industry: Children's Enrichment Programs: Miscellaneous
• Startup Cost : $51,000 - $116,000
• Total Franchises/Company Owned: 18/1

48. Augusta Lawn Care Services

• Industry: Lawn & Tree Care
• Startup Cost : $13,000 - $83,000
• Total Franchises/Company Owned: 92/4

49. Surface Specialists

• Industry: Kitchen & Bath Remodeling
• Startup Cost : $43,000 - $56,000
• Total Franchises/Company Owned: 46/0

50. DivaDance

• Startup Cost : $42,000 - $66,000
• Total Franchises/Company Owned: 27/4

51. Chefs for Seniors

• Startup Cost : $13,000 - $29,000
• Total Franchises/Company Owned: 78/1

52. Class 101

• Industry: Miscellaneous Services
• Startup Cost : $69,000 - $98,000
• Total Franchises/Company Owned: 50/1

53. Global Recruiters Network

• Industry: Staffing/Recruiting
• Startup Cost : $42,000 - $100,000
• Total Franchises/Company Owned: 211/0

54. Proforma

• Industry: Printing/Marketing Services
• Startup Cost : $5,000 - $60,000
• Total Franchises/Company Owned: 601/0

55. STEM For Kids

• Startup Cost : $50,000 - $84,000
• Total Franchises/Company Owned: 135/5

56. Kinderdance

• Startup Cost : $18,000 - $48,000
• Total Franchises/Company Owned: 231/3

57. Drama Kids

• Total Franchises/Company Owned: 206/0

58. Fun 4 US Kids

• Industry: Advertising Services
• Startup Cost : $8,000 - $46,000
• Total Franchises/Company Owned: 20/7

59. Home Cleaning Centers of America

• Industry: Residential Cleaning
• Startup Cost : $43,000 - $45,000
• Total Franchises/Company Owned: 30/0

60. Discovery Map

• Startup Cost : $36,000 - $46,000
• Total Franchises/Company Owned: 120/0

61. Assist-2-Sell

• Startup Cost : $13,000 - $34,000
• Total Franchises/Company Owned: 127/1

62. Abrakadoodle

• Startup Cost : $38,000 - $82,000
• Total Franchises/Company Owned: 485/2

63. Iris Environmental Laboratories

• Startup Cost : $31,000 - $63,000
• Total Franchises/Company Owned: 10/4

64. Access Garage Doors

• Industry: Garage-Door Repair/Installation
• Startup Cost : $50,000 - $100,000
• Total Franchises/Company Owned: 6/1

65. Foliage Design Systems

• Startup Cost : $44,000 - $64,000
• Total Franchises/Company Owned: 23/3

66. Acti-Kare

• Startup Cost : $33,000 - $58,000
• Total Franchises/Company Owned: 145/0

67. FRSTeam

• Industry: Restoration Services
• Startup Cost : $43,000 - $409,000
• Total Franchises/Company Owned: 47/10

68. Send Me a Trainer

• Startup Cost : $49,000 - $85,000
• Total Franchises/Company Owned: 57/0

69. Just Between Friends

• Total Franchises/Company Owned: 158/5

70. Club Z ! In-Home Tutoring Services

• Industry: Tutoring
• Startup Cost : $33,000 - $57,000
• Total Franchises/Company Owned: 371/0

71. The Grout Doctor

• Startup Cost : $24,000 - $38,000
• Total Franchises/Company Owned: 84/2

72. IntegriServ Cleaning

• Startup Cost : $3,000 - $50,000
• Total Franchises/Company Owned: 108/0

73. Padgett Business Services

• Startup Cost : $20,000 - $100,000
• Total Franchises/Company Owned: 265

74. Steel Coated Epoxy Floors

• Industry: Concrete Coatings
• Startup Cost : $32,000 - $113,000
• Total Franchises/Company Owned: 36/1

75. You've Got Maids

• Startup Cost : $36,000 - $108,000
• Total Franchises/Company Owned: 70/0

76. Pet Butler

• Startup Cost : $37,000 - $45,000
• Total Franchises/Company Owned: 37/2

77. Wize Computing Academy

• Startup Cost : $38,000 - $67,000
• Total Franchises/Company Owned: 15/2

78. Touching Hearts At Home

• Startup Cost : $64,000 - $93,000
• Total Franchises/Company Owned: 69/0

79. Hi-Five Sports

• Startup Cost : $25,000 - $554,000
• Total Franchises/Company Owned: 18/2

80. XP League

• Startup Cost : $58,000 - $224,000
• Total Franchises/Company Owned: 29/0

81. Amazing Athletes

• Startup Cost : $33,000 - $66,000
• Total Franchises/Company Owned: 146/22

82. Always Faithful Dog Training

• Startup Cost : $49,000 - $58,000
• Total Franchises/Company Owned: 26/1

83. Network Lead Exchange

• Startup Cost : $12,000 - $25,000
• Total Franchises/Company Owned: 38/0

84. Get A Grip Resurfacing

• Startup Cost : $44,000 - $93,000
• Total Franchises/Company Owned: 24/1

85. Town Money Saver

• Startup Cost : $16,000 - $27,000
• Total Franchises/Company Owned: 40/2

86. Family Financial Centers

• Industry: Miscellaneous Financial Services
• Startup Cost : $154,000 - $309,000
• Total Franchises/Company Owned: 53/0

87. Mr. Sandless

• Industry: Miscellaneous Home-Improvement Businesses
• Startup Cost : $34,000 - $83,000
• Total Franchises/Company Owned: 192/9

88. 3% Realty

• Startup Cost : $47,000 - $79,000
• Total Franchises/Company Owned: 58/3

89. N Zone Sports

• Startup Cost : $41,000 - $58,000

90. The Patch Boys

• Industry: Drywall Repair
• Startup Cost : $55,000 - $81,000
• Total Franchises/Company Owned: 272/0

91. Spoiled Rotten Photography

• Startup Cost : $34,000 - $48,000
• Total Franchises/Company Owned: 17/2

92. Green Shine

• Industry: Car-Wash Services
• Startup Cost : $48,000 - $161,000
• Total Franchises/Company Owned: 15/4

93. Oxi Fresh Carpet Cleaning

• Industry: Carpet & Upholstery Services
• Startup Cost : $48,000 - $78,000
• Total Franchises/Company Owned: 468/12

94. Lil' Angels Photography

• Startup Cost : $41,000 - $46,000
• Total Franchises/Company Owned: 42/2

95. Best Brains Learning Centers

• Startup Cost : $17,000 - $81,000
• Total Franchises/Company Owned: 134/3

96. Grasons Co Estate Sales & Business Liquidation Services

• Industry: Estate Sales
• Startup Cost : $49,000 - $79,000
• Total Franchises/Company Owned: 31/0

97. Dryer Vent Squad

• Startup Cost : $52,000 - $68,000

98. Lapels Cleaners

• Industry: Dry Cleaning & Laundry Services
• Startup Cost : $40,000 - $730,000
• Total Franchises/Company Owned: 80/0

99. Overtime Athletics

• Startup Cost : $38,00 - $66,000
• Total Franchises/Company Owned: 33/0

100. TGA Premier Sports

• Startup Cost : $34,000 - $126,000
• Total Franchises/Company Owned: 83/7

The Takeaway

If you've been looking for a new business opportunity in North America but assume the financial requirements franchise business are too high, don't be discouraged. This list of 100 opportunities under $50,000 provides several options to explore if t franchise ownership is right for you.

For more low-cost opportunities in the franchise industry, see Entrepreneur's lists of the best franchises with an initial franchise fee of less than $100,000 and less than $150,000.

Related: 2022 Top Franchises for Less Than $100,000 Ranking

Related: 2022 Top Franchises for Less Than $150,000 Ranking

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Best Businesses To Start With 50k: Ultimate Guide For Success

by Mike Vestil  

Dreaming of starting your own business with $50k? You’re in the right place! Discover the best ventures to kickstart with this budget. From online stores to service-based businesses, we’ve got you covered. With a modest investment, you can turn your entrepreneurial vision into reality. Stay tuned to explore lucrative opportunities that align with your budget and passion. Ready to take the leap into entrepreneurship? Let’s dive in!

Identifying Profitable Business Ideas

Researching market trends is crucial to identify lucrative business opportunities. By staying updated on industry trends, you can spot gaps in the market and cater to evolving consumer demands effectively. For instance, the rise of e-commerce has opened up opportunities for online businesses like an online bakery .

Competition Analysis

Analyzing competition helps in differentiating your business venture . Understanding what competitors offer allows you to position your business uniquely and attract potential customers. By offering a unique selling proposition, you can stand out in a crowded market and maximize profit margins.

Scalability and Sustainability

Considering scalability and long-term sustainability is vital when selecting a profitable business idea. A case study approach can help in assessing the income potential and growth prospects of a business idea. By focusing on scalability, you can ensure that your business has the potential to grow and generate passive income over time.

Crafting a Comprehensive Business Plan

Setting clear objectives.

Crafting a business plan involves setting clear objectives that define the project’s direction and goals. These objectives should be specific, measurable, achievable, relevant, and time-bound (SMART). By detailing the purpose of the development, entrepreneurs can effectively steer their businesses towards success.

Financial Projections and Marketing Strategies

In a business plan , financial projections play a crucial role in outlining the expected revenue, expenses, and profits over a certain period. Entrepreneurs need to conduct thorough research on the industry to make accurate financial estimates. Marketing strategies should be strategically planned to reach the target audience effectively.

Defining Target Audience and Unique Selling Propositions

Identifying the target audience is essential for tailoring products or services to meet their needs. Entrepreneurs must also define their unique selling propositions (USPs) to differentiate themselves from competitors. Highlighting these USPs in the business plan can attract customers and create a competitive edge in the market.

Contingency Plans and Risk Management Strategies

Including contingency plans in the business plan helps mitigate potential risks that may arise during operations. Entrepreneurs should anticipate challenges such as economic downturns or unexpected events and devise risk management strategies accordingly. By addressing these uncertainties proactively, businesses can adapt swiftly to changing circumstances.

Selecting the Right Business Structure

Pros and cons.

When deciding on a business structure, individuals should weigh the pros and cons carefully. Sole proprietorship offers simplicity but comes with unlimited liability. LLCs provide flexibility and limited liability protection, while partnerships allow shared responsibilities but also shared liabilities. On the other hand, corporations offer strong liability protection but involve more complex regulations.

Consulting with Experts

It is crucial to consult with legal and financial advisors when exploring different business structures. These professionals can provide valuable insights into the tax implications and legal obligations associated with each type. Their expertise can help in making an informed decision that aligns with long-term business goals.

Tax Implications and Liability Protection

Understanding the tax implications of each business structure is essential for franchise options or independent ventures. Sole proprietors report business income on their personal tax returns, while corporations face double taxation but enjoy certain deductions. Moreover, liability protection varies across structures, influencing personal asset protection in case of legal issues.

Navigating Registration and Legalities

Paperwork and licensing.

Completing the necessary paperwork for business registration is crucial. This includes obtaining the required licenses and permits. Each business structure has its own set of requirements, so make sure to research thoroughly.

Securing an Employer Identification Number (EIN) from the IRS is essential for tax purposes . This unique number identifies your business entity when dealing with the IRS. It’s like a social security number but for your business.

Compliance with Regulations

Complying with local, state , and federal regulations is non-negotiable. Ignoring these regulations can lead to legal disputes that may jeopardize your business’s future. Stay informed about any changes in laws that may affect your industry.

When it comes to legalities, ensure you have a clear understanding of all the laws that apply to your specific business. For example, if you’re opening a vape shop, there are specific regulations regarding the sale of tobacco products that you must adhere to.

Effective Marketing and Promotion Strategies

Multi-channel approach.

Develop a multi-channel marketing strategy to reach a diverse target market . Utilize digital marketing to leverage online platforms, social media for engaging with potential customers, and traditional advertising for broader reach.

Enhancing Brand Visibility

Implement SEO techniques to boost online visibility and attract organic traffic. Employ content marketing strategies to provide value to your audience and establish your brand as an authority in the industry. Collaborate with influencers to tap into their followers and expand your brand’s reach.

Customer Engagement and Retention

Utilize customer relationship management tools to effectively manage interactions with customers. This includes lead generation, personalized communication, and post-purchase follow-ups. By engaging with customers consistently, you can build trust, loyalty, and increase repeat sales.

Financial Planning for New Businesses

Startup costs.

When starting a new business , it’s crucial to create a detailed budget to allocate the $50k initial investment wisely. Consider expenses like equipment, inventory, permits, and marketing. Research the median cost of similar ventures to set realistic projections.

Operational Expenses and Revenue Projections

Business owners should establish financial controls to monitor cash flow effectively. Track operational expenses such as rent, utilities, salaries, and other recurring costs. Project revenue growth based on market research and projected growth rates in your industry.

Funding Options for Growth

Explore various funding options beyond the initial $50k investment. Look into small business loans from banks, grants from government agencies or private organizations, or attracting investors interested in your venture’s potential growth rate . Utilize these resources to support expansion plans and ensure long-term sustainability.

Building a Strong Management Team

Recruiting professionals.

Recruit skilled professionals with expertise in areas like finance, marketing, and operations to enhance business performance.

Hire partners who bring diverse skills to the table, such as experience in growth strategies or maintenance services for a well-rounded team.

Establishing Clear Roles

Define clear roles and responsibilities for each partner based on their strengths to ensure efficient workflow and avoid overlap.

Assign specific tasks like overseeing store operations, managing hours of operation, or maintaining machines to optimize productivity.

Training and Development

Offer ongoing training opportunities to keep the management team updated on industry trends and best practices.

Empower partners with the necessary skills and knowledge to make informed decisions that drive business success.

Avoiding Common Startup Pitfalls

Regular evaluation.

Regular performance evaluations are crucial for startups to identify strengths and weaknesses accurately. By conducting these assessments, businesses can pinpoint areas that require improvement and implement necessary changes promptly. This proactive approach helps in optimizing operations and ensuring long-term sustainability.

Seeking Feedback

Feedback from various sources such as customers, employees, and industry experts is invaluable for startups. Customer feedback provides insights into satisfaction levels and areas for enhancement, while employee feedback aids in boosting morale and productivity. Industry expert feedback offers valuable perspectives on market trends and potential growth opportunities.

Adaptability and Change

Remaining adaptable and open to change is essential for startups facing uncertainties in the business landscape. Being flexible allows businesses to pivot quickly in response to market shifts or emerging trends. Embracing change enables startups to capitalize on new opportunities and stay ahead of competitors.

Final Remarks

You’ve now equipped yourself with the essential knowledge to kickstart your entrepreneurial journey. By identifying lucrative business ideas, creating a solid business plan, and navigating legal requirements wisely, you’re on the path to success. Remember to focus on effective marketing strategies, financial planning, team building, and avoiding common pitfalls. Your dedication and strategic approach will be key to turning your $50k investment into a thriving business.

Take action today! Start implementing these steps and watch your business flourish. Your determination combined with the right strategies will set you apart in the competitive business landscape. Stay focused, stay motivated, and soon you’ll see your entrepreneurial dreams turn into a profitable reality.

Frequently Asked Questions

What are some key factors to consider when identifying profitable business ideas.

When identifying profitable business ideas, consider market demand, competition analysis, your skills and interests, scalability potential, and financial requirements.

How important is crafting a comprehensive business plan for a new business?

Crafting a comprehensive business plan is crucial as it outlines your goals, strategies, financial projections, and helps secure funding. It serves as a roadmap for your business’s success.

What are the different types of business structures to consider when starting a new venture?

Common business structures include sole proprietorship, partnership, limited liability company (LLC), and corporation. Each structure has unique legal and tax implications that should align with your business goals.

Why is effective marketing essential for a new business?

Effective marketing helps create brand awareness, attract customers, and drive sales. Utilize digital marketing strategies such as social media marketing, content marketing, SEO, and email campaigns to reach your target audience efficiently.

How can financial planning benefit new businesses?

Financial planning helps new businesses manage cash flow effectively, make informed decisions, allocate resources wisely, and achieve long-term growth. It provides insights into expenses, revenue projections, and ensures financial stability.

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About the author 

Mike Vestil

Mike Vestil is an author, investor, and speaker known for building a business from zero to $1.5 million in 12 months while traveling the world.

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How to Start Your Very Own Business with $50k

Maggie Tiede is a writer and blogger based in Saint Paul, Minnesota. Maggie has worked as a freelance writer since 2013, when she began reporting on politics, local events, health, and human interest for the Grand Rapids Herald-Review.

Len Briskman is a small business mentor with decades of experience in retail, franchising and management.

So maybe you just came into a bit of extra money on a hot stock market tip. Or the lottery. Or maybe you’ve just been pinchin’ pennies for years, waiting for the moment to unleash your big business idea on the world. Either way, you want to make those be-your-own-boss dreams a reality. So what’s next?

The good news is, starting with $50k or less, you can open a variety of businesses. You can start your own in a whole new market or buy an existing business and make it your own. The possibilities are pretty endless, honestly. With a bright idea and the right amount of elbow grease, you can be a successful entrepreneur.

What Is the Best Business to Start with $50k?

These days, $50k in capital is more than enough to start a number of great business opportunities. In fact, in many cases, it’s a lot more than you need, and that can come with its own hazards. Despite having extra cash flow, it’s important to expand slowly and steadily so that it’s easier to course-correct if you make a costly mistake. Don’t let all that money lull you into a false sense of security.

With $50k to get started, you have a better opportunity to get in on a business where equipment or real estate is a bit more expensive. You may want to try a business like these on for size:

• Buy an existing business:  One of the best ways to invest $50k into a business is to buy one! You could turn around a failing business or buy an already-profitable one. Local chambers of commerce and the US Small Business Association (SBA) can help connect you with business owners who want to sell.
• Buy a franchise:  Franchises allow you to buy the rights to a name and brand and open your own shop in a new territory. (McDonald’s, Subway and KFC are famous franchises.) Many franchises have opening costs under $50k, including household names like Jazzercise and H&R Block.
• Get into the trades:  Welding, carpentry, electrical work and farrier work (shoeing horses) are all examples of trades that can require pricey certification and equipment but also have a built-in customer base to get you started right.

How to Finance a Small Business

Maybe you already have $50k in the bank, or maybe you’re looking to raise that (and more) up front. Either way, it’s important to understand small business financing, since it’s key to growing a business (even if you don’t need the extra money to start one).

Loans  and  grants  are the two most common financing options. Loans are money you need to pay back, whereas grants generally do not need to be paid back.  Investors  may also purchase a stake in your company, giving you capital up front in exchange for a share of the profits.

Small business expert Len Briskman says that the best place for small business owners to start looking for financing is their local bank (the one where you already have a checking or savings account). Your local bank already has a history with you and can help evaluate your business plan and point you in the right direction for a loan.

Grants are much harder to get in the for-profit sector (most grant money goes to nonprofits), but there are still small business grants out there, especially in areas looking to boost economic activity. You can find grants at Grants.gov or by Googling “small business grants” along with the name of your city or state.

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What Are My Chances of Success?

The hard truth is that there’s no such thing as a guaranteed success in small business. All sorts of things in and out of your control could cause your business to fail, but that doesn’t mean you’re a bad entrepreneur. Self-employment is risky!

But it’s not all grim. Briskman says that the best step you can take to increase your odds of success is to get experience in the field before you open your own business. Scope out the competition, get to know your potential customers, and hone the skills that set you apart.

Should I Work Part-Time or Full-Time for my Business?

Unless you’ve got a substantial nest egg (we’re talking hundreds of thousands of dollars), it’s almost always better to work your business part-time at first. Businesses take a long time to become profitable. Relying on that income right away could leave you flat broke.

Starting part-time also lets you ease into business ownership, helping you avoid a dirty burnout. Briskman notes that business owners often work 60-70 hours a week, exhausting them and isolating them from family and friends. And if you burn out right away, you’re doing your new business no favors at all.

There is one scenario where it makes sense to go full-time right away, says Briskman, and that’s if you can walk away from your day job with a ready-made portfolio of customers (especially in fields like sales or consulting). This guarantees an income and makes striking out on your own far less risky and uncertain.

Remember that the cost of a business isn’t just starting the business. $50k can be a lot of capital to invest in a small business, but it doesn’t go very far as a salary, especially if you’re supporting a family.

High-Risk or Low-Risk? Which Should I Choose?

It’s a myth that “high-risk” and “low-risk” businesses are written in stone. And, unfortunately, there’s no crystal ball that will help you see which businesses are safe bets and which could snatch the shirt off your back.

Instead, there are two factors to consider when deciding if a business is high- or low-risk for  you,  says Briskman: start-up costs and your previous experience.

Restaurants are notoriously risky business opportunities, and that’s because even a food truck gets expensive fast. You need to have skilled staff, fresh inventory and a pleasant, clean location. Those all cost lots of money up front, increasing how much income you need to be profitable. 

On the other hand, a freelance business that you can work from home via the interwebs has very low start-up costs, and therefore lower risk.

Revisiting those examples, if you have decades of experience in the restaurant industry and a built-in fan base, opening a restaurant could actually be your lowest-risk option—whereas making the leap to a tech start-up could lead to devastating failure. So keep your experience in mind when weighing your risk.

Open the Doors, Boss

Starting a business is both art and science. Make sure you’re doing the right research to start with. Then, when you combine that with your experience and general know-how, you’ll increase your odds of success.

Good luck out there.

https://www.entrepreneur.com/article/290988

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Franchise Opportunities for Sale under $50k

Every franchise has a different set of opening franchise costs because each franchise has its own unique set of execution requirements.

When it comes to finding a franchise for $50,000 or less, one of the first things to look for are franchises that don’t require the franchisee to acquire a retail or warehouse space. Finding a franchise that you can run from your home can help you keep your start-up costs low.

Real estate can be—and typically is—one of the most expensive items in starting a business of any kind. In addition to the saving on real estate, franchises that can be run from a home (or vehicle) offer start-up savings by not requiring, or requiring less for, signage as well as office décor and supplies too.

(Note: When reviewing a specific franchise’s Franchise Disclosure Document , the breakdown of opening costs are covered in detail in Items 5 and 7.)

Keep in mind, some home-based franchises can have business activities (such as completing a service or a sales visit) take place at other locations. Franchise opportunities that rely on franchisees primarily traveling around to different customers to complete their work can be referred to as mobile franchises as well as being called home-based.

As discussed in our Home-Based Franchise Industry Report 2019 , mobile franchises is an area that is steadily growing right along with the rest of home-based franchises. There are several reasons for this growth, but here are four of the top benefits of mobile franchises, as stated by Thomas J. Kasbohm, the Franchise System Director at Snap-on Tools :

• Enhanced customer service and convenience. Your “showroom on wheels” allows you to deliver your customers immediate satisfaction in both products and service.
• Control your own schedule. As a mobile franchise you determine when to call on your customers and do not have to wait for customers to visit you.
• No real estate hassles. You typically are not required to purchase or lease real estate to operate a mobile franchise.
• You won’t be looking at the same four walls. You control the route driven, so your view and experience is ever changing.

And just because you are seeking a franchise that doesn’t cost a lot doesn’t mean you won’t have options . Franchises that can be started for $50,000 or less can be found in a wide array of industries, including:

• Accounting/financial
• Administrative support
• Home services
• Senior care

Encountering Business Opportunities in Your Franchise Search

Oftentimes, when searching for franchises $50,000 or less, you will run into a different subset of opportunity: a business opportunity.

A business opportunity (sometimes referred to as a “bizopp”) is the sale of a system the licenser has cultivated and is confident will be profitable when replicated, similar to a franchise. However, once the purchase is finalized, and training—if applicable—is completed, the relationship is usually over. Because they usually don’t come with the typical training and support franchises offer, business opportunities tend to cost less than franchises.

However, just because it’s classified differently doesn’t mean that a business opportunity can be any less fruitful than an opportunity classified as a franchise. Both require the buyer to be dedicated and hard-working to find success.

Both of these approaches to making a business investment are suitable for those who don’t have their own unique product or service to bring to the marketplace, but still want to run a business. The greatest distinguishing factor between the two is how much support you desire.

If you’re simply looking for a jumpstart and desire more flexibility, a business opportunity could be the route for you. If you’re looking for consistent support, and can handle more restriction (or desire more guidance) in the procedures of your business, a franchise might be the path for you.

Staying Away from Scams

Similar to how franchises are subject to providing a certain level of disclosure to buyers before agreements are signed, business opportunities are also—to a certain extent.

To combat the risks, the FTC has taken steps to crack down on businesses that have provided false claims over the years. They are also working to educate those looking into business opportunities with a website with tips on spotting a potential fraud , and ways to contact them if you believe you’ve been misled by a company offering bogus business opportunities.

In addition, back in 2012 the Federal Trade Commission did enact the Business Opportunity Rule . Under the rule, sellers have to give you—the buyer—a disclosure document overviewing your potential investment before any binding agreement is made.

The business opportunity disclosure document is required to be produced in any language that a business opportunity is promoted in, and must be updated every quarter year.

Although not as thorough as the FDD—franchise disclosure documents can be hundreds of pages in length while business opportunity disclosure documents can be as short as one page—the information from the document can be used to fact-check what the seller tells you about the opportunity and what you’ve discovered from your own due diligence (aka research).

It’s also worth noting that simply because franchises currently have more federal regulation than other business opportunities doesn’t mean that they are without risk. There are several risks to owning a franchise as well. For instance, there could be expenses for equipment or materials needed to run the business that aren’t specified or made clear in the franchise disclosure document that mount up.

When opening any business, regardless of price point, it’s paramount to do your research and understand that there is risk involved—no matter the classification.

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• 20 Businesses Philippines With A 50K Capital

Businesses in the Philippines are a hot topic! The great thing is many businesses in the Philippines with a 50k capital that you could start.

Today we are going through the hottest businesses in the Philippines with a 50K capital! One of two of these businesses may seem slightly over the 50K, but that is not the case because you could keep many costs down if you can move certain parts of the company online or find cheaper ways how to do the same process more on that later!

We will also go over some exclusive tips for these businesses in the Philippines with 50k capital!

Table of Contents

Best businesses in the Philippines with a 50k capital

1. start an accounting business for 50k capital.

When looking at businesses in the Philippines with a 50k capital, you might be interested in this unique opportunity. An accounting business helps business customers with their accounting needs. Due to the expansion of the Philippines’ business sector, more accounting services are in demand.

2. Launch A Affiliate Business In The Philippines

An affiliate business is a way you can earn a commission from the sale of other people’s products. You will receive a commission for each sale . There are also many other affiliate websites and other brands that offer this program.

3. Open An Online Language School

Online English schools are one of the best businesses in the Philippines for many reasons. I am a customer & I have used the services of an online language school in the past. The great thing about  Filipinos is their level of English. Therefore, some foreigners visit The Philippines for the sole purpose of learning English. There are many routes open for income for this business model.

4. Start An Insurance Comparison Website With 50k Capital

As we know, insurance is a must. However, there are many different insurance companies in the market. With an insurance comparison website, you can allow customers to find the best deal for their money. This is one of the hottest businesses in the Philippines, with a 50k capital due to the possible financial opportunities.

5. Become A Coffin Manufacturer In The Philippines

There’s one thing that we will all experience, and that is death. As you know, funerals can be quite expensive . So if you can undercut the competition or even export your products, you may value in this industry.

6. Open A Small Smoothie Kiosk Business In The Philippines

One of the most popular growing businesses in the Philippines with a 50k capital is a smoothie kiosk / café . Even though this business is cheaper than some on the list, it is still not cheap. There are equipment and packaging to purchase as well as rental costs for your locations. If, however, you can find the right spot, you may have an opportunity to grow.

7. Start And Grow A Public Speaking Business

Public speaking is an art and very profitable art. However, if you are an expert communicator and talk about a topic that people want to hear about, this can be an excellent long-term business. Public speaking is one of the best businesses in the Philippines with a 50k capital and is one of the scariest for many people!

8. Open A Dancing Class Business In The Philippines

If you enjoy teaching, then a great business in the Philippines is to open a dance class studio. You can then open this up to teach group classes and even tailor your class to target fitness/weight loss areas.

9. Become A Lazada Business Seller With 50K Capital

Lazada is a great place to sell new equipment, personal grooming items, clothing, and everyday items. However, there is a selling fee, and you will need to make sure individual costs have been accounted for. Lazada is growing; therefore, we feel Lazada is one of the best businesses in the Philippines with a 50k capital as you can start relatively small and scale when required. Moreover, I believe Lazada has more growth over the next few years, reaching other parts of Asia and offering additional services.

10. Become A Drone Distributor

Drones are becoming popular, especially in the travel industry. As a result, some people are using their drones to sell their footage to businesses. As a drone distributor, you can sell your products to the demanding market.

11. Start A Virtual Assistant Business For 50K In The Philippines

Thanks to technology, virtual assistant businesses have been on the rise in recent years. Projections for the next 5 to 10 years highlight growth in this area. More companies and even smaller businesses are looking for V.A. to help with their day-to-day operations. V. A Business is one of the best businesses in the Philippines with a 50k capital because 50K will allow you to market and set up your business with a lot of spare cash.

12. Launch A Sports Ecommerce Store

An alternative to a sports equipment brand is a sports eCommerce store. Again, you could focus on one single product or multiple products. But as this business can be cheap (especially if you are drop shipping), there are many rivalries.

13. Start A Social Media Marketing Business For 50K Capital

Our first business idea for the Philippines is in the form of media marketing. This business has a primary role in increasing sales or brand recognition through the power of social media. Some companies also offer services that cover all 3 of these social media business types above.

14. Become A Nutritional Coach

As much as I love Filipino food, and trust me, I do! But, I must be honest and admit it is not always the healthiest. It is effortless to pack on the extra weight and can sometimes be challenging to lose it. Nutritional coaches are more in demand across the world for this very reason. This is one of the potentially hottest businesses in the Philippines with a 50k capital due to the recent global news. I believe there will be an even higher demand for healthy eating in the months and years to come because of how the world is living.

15. Start A Small Laundry Business In The Philippines

Often laundry businesses run based on the weight of the laundry . However, the data shows that laundry business profitability is determined by its location. In other words, it shows us that laundry businesses that are set up in tourist areas make the most cash on average. Potentially one of the best businesses in the Philippines with a 50k capital because start-up costs can be low, and there may be room for growth with the right strategy.

16. Become A Homemade Soap Distributor In The Philippines

Soap is relatively cheap. A route open to you is to tailor the soap to a customer’s demands. One step future would be to package certain soaps together in a bouquet, and then you can provide more value than standard soaps.

17. Start As a Spiritual Coach Or Healer Business

Spirituality takes many forms. It’s a wrong assumption that spirituality is only for religious people. Meditation, crystal, and community are all great ways coaches can earn money from this practice.

18. Start A Small Hair Removal Services With 50K Capital

One business that has been increasing in most parts of the Philippines is a hair removal business. There are many ways to remove hair; therefore, you can generate many different types of income. Is this one of the best businesses in the Philippines with a 50k capital? Yes, but costs will need to remain low in order not to go over 50,000 pesos. Therefore offering home services or a small salon is most defiantly a cheaper option.

19. Start An Online Appointment Software Company

Online appointment software is a very crucial piece of equipment for businesses that rely on online appointments. If you can tailor your software to cover the Filipino market (as many current software companies are based on U.S. businesses), then you can step ahead of the game when it comes to selling to local businesses.

20. Become An Online Broker In The Philippines

Online brokers are becoming increasingly popular. The great thing about brokers is that they cover a vast range of areas. For example, you could be a real estate broker in the Philippines stock exchange or even an importer broker. The list is extensive.

Tips For The Best Businesses In the Philippines With A 50k Capital

Give to get.

When you start a business, unless you have lots of capital to market your product or service to the masses, many people won’t know about your business. Therefore, the first thing you should do (If possible) would be to give to get, in other words, give your product or service for free to potential customers.

Some people don’t like this idea and feel it’s a bit old school’, but there is a reason why this is so valuable. First, it will allow you to test different products and services and build your business reviews from customers, which are considered mandatory in companies. Just think how many times you have not visited a restaurant or brought those products because it has negative reviews or no reviews at all.

It’s one of the first things a new buyer will look at. So, put every effort into building your review/feedback list. This will apply to all of the businesses in the Philippines with a 50k capital we have spoken about today.

Work With Companies In Your Network

Many businesses are afraid to team up with other companies, and I understand why but, teaming up could bring in more customers and opportunities. Why? There have been countless examples of brands across the world teaming up for projects such as saving the ocean from plastic or teaming up on special days such as mother’s day…

These events are generally for a great cause. So it was teaming up; however, it also has added benefits. And that is getting your business recognized. This is especially important for the best businesses in the Philippines with a 50k capital.

If you don’t like the sound of this idea, then you could take this a step down and team up with people who are in the same kind of industry but not direct competition. For instance, if you had a food cart business in the city near the local malls and you sell milk tea .. you could speak to another business owner 50 yards away from you who only sells chicken and rice… you would make a perfect team as your customers can become theirs and Vice-versa. This is an example of how business arrangements can work to benefit both parties.

Understanding & Using Leverage

Leverage comes in many forms, so we are going to keep this business tip specific and straightforward. In the Philippines, starting a new business is expensive. Let’s face it, there are registration costs, equipment and supplier costs, marketing costs, and loads more!

This is especially true when we focus on the best businesses in the Philippines with a 50k capital. Using leverage correctly can significantly help start your business and take your business to the next level.

Use Human Psychology To Your Advantage

Recently, I saw a social media post that said the following… “Sell to people’s emotions and not through logic as people buy emotionally, not always logically.” So, in the first business tip, we talked about giving your products or service to gain in the future.

Why did I tell you about this? That’s right because it’s a psychological trick. When you give something away, no matter how small, people are inclined to pay you back. Sadly, this does work for everyone, but some people will buy and become your customer.

Even a simple hello and smile could make your business customer return. I indeed travel 8 miles to go to a barber just because they always give me a small coffee and a cookie! Of course, the price and haircut are standard for the area, but the service and the way they make me feel keeps me coming back for me.

Using The 80/20 Law

For those of you who haven’t heard of the 80/20 law , let me briefly explain. 80/20 law is a universal law such as the law of karma or the law of cause and effect. The law states that 80% of your effort delivers 20% of your results. Here are a few examples of 80/20 in practice

• 20% of your thoughts lead to 80% of your actions
• 80% of a company’s output is produced by 20% of its workers
• 20% of your customers will generate 80% of your profit

So when we look at these points, it gives us an excellent opportunity to think about our business and what we should or could be doing.

Build Profit Then Protect Profit

Strengthen profits:  You have a business, and you see that one product or type of service you are offering brings in much of your income. That’s great! What beginner business owners sometimes do is focus on the areas that are not selling as well and not focus on the big money-making product/service as much. Even though strengthening your weak products or services is a good idea, it’s even more essential to promote you, a big moneymaker.

Protection:  The good idea is to focus on areas that will strengthen your brand. Look at building better connections, and finding cheaper and more effective ways to deliver your service and products. Also, add protections by having a backup strategy for different systems in your empire.

I once met a guy who made over  ₱ 200,000 in profit over six months using social media and never once paid for advertisement! His business was simple. He made personalized shoes. Usually, these shoes were for sport and had no brand. But he was great with designing and often added names, titles, and even quotes!

He advised me the first step was to build the following, which was the hardest, so he joined groups and began to comment, offer support and only promote his services 5% of the time. After that, he became a pro contributor on many pages and groups on Facebook and started doing videos that people shared across social media.

After two months, he saw his live video stream go from 4-5 views to over 3000, then 8K, and so on. He showed his viewers how he made the shoes, and it was a very satisfying video to watch many customers make orders, and he did exceptionally well!

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30 profitable businesses to start with 50k in Kenya (top ideas)

The rate of unemployment in numerous countries, Kenya included, is extremely high. One of the solutions to this problem is self-employment, particularly starting small businesses. Fortunately, there are multiple profitable businesses to start with 50k in Kenya. Always assess the viability of the available options before picking one.

TABLE OF CONTENTS

1. general shop/ kiosk, 2. salon/ barbershop, 3. eggs, sausages, and smokie business, 4. grocery kiosk (mama mboga), 5. mobile money agent, 6. crop farming, 7. milk bar, 8. car wash, 9. selling second-hand clothes (mitumba business), 10. professional cleaning services, 11. fruit vending, 12. motorbike business (boda boda), 13. food kiosk, 14. web design services, 15. nail parlour, 16. electrical supplies shop, 17. professional shoe-shining services, 18. printing and photocopying services, 19. cereal shop, 20. cottage bakery, 21. designer perfume refill shop, 22. lpg gas refill services, 23. selling popcorn, 24. mobile phone repair shop, 25. selling homemade soap, 26. jewellery making and selling business, 27. laundry shop (mama fua), 28. plastics (mali mali) shop, 29. baby daycare, 30. selling handbags, which business can i start with 50k in kenya, which is the best small business to start in kenya.

Identifying a viable business opportunity requires research. It is also important to venture into something you are interested in or passionate about. You do not require millions to start and operate small businesses. Discover the profitable businesses to start with 50k in Kenya today.

Profitable businesses to start with 50k in Kenya

There are multiple business opportunities for people to explore in contemporary Kenya . Some require a lot of cash to start, while others do not require too much money. Below is a look at the most profitable business in Kenya to start if you have a starting capital of 50,000 shillings only.

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Many Kenyan households use the nearest general retail shops or kiosks to buy daily household goods, e.g., salt, sugar, maize flour, matchboxes, candles, and much more.

A general shop or kiosk is one of the profitable businesses to start with 50,000, especially if you start one in a densely populated area. You can get stock from a wholesale outlet and sell at retail prices.

Note that you must identify an ideal location and get the necessary licences to start a general shop/ kiosk.

If you are looking for a fast-growing business in Kenya, consider starting a small and simple barbershop or salon with the hopes of growing it into an executive setup.

Small salons and barbershops in populated residential areas or urban setups are likely to establish a good client base, especially if you offer good services and know how to maintain your client base. You can use the 50K to secure cheap premises and to purchase basic hair grooming equipment.

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Selling eggs, sausages, and smokies has gained popularity and is one of the most profitable businesses to start with 50k in Nairobi, Kenya. You need eggs, sausages, smokies, onions, tomatoes, chillies, coriander, charcoal, and a trolley to start this business.

There is a huge demand for fresh vegetables in urban areas. 50,000 is enough to set up a successful grocery kiosk , commonly known as a mama mboga store.

You can use the money to acquire a kiosk space, licences, and initial stock. You should be ready to get up early to get your produce from major markets or directly from the farmers.

Mobile money transfer service shops have taken Kenya by storm, creating great business opportunities for ordinary citizens. Nearly every Kenyan uses various money transfer services, including M-Pesa, Airtel Money, Equitel, and T-Kash.

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If you are weighing your options for profitable businesses to start with 50k in Kenya, consider becoming a mobile money agent . Ensure that you set up your business in a location with high human traffic and one that does not have many competing businesses.

Crop farming is the best small business to start in the rural areas of the country. This opportunity is ideal for people who already own land with access to water.

There will always be a demand for food because the population is growing, and people are making healthier food choices. If you do not own land, you can lease some for as little as Ksh 10,000 per year, depending on the location. There are plenty of crops to choose from for your land.

Milk is a commodity that is in high demand in Kenya, especially in urban areas. An entrepreneur who sells fresh and high-quality milk is guaranteed customers and profits.

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Starting a milk bar does not require much. You need a good location, a shop, a fridge, and milk vending licenses . Note that you need a good and reliable source of fresh milk for your bar to succeed. You can use the profit to purchase a milk ATM machine later on.

Cars have become a basic necessity in many households. Most car owners are too busy with their daily schedules to wash their cars at home.

This has created a high demand for car wash services . To start the business, you need a spacious yard that can fit several cars, access to a water source, and a car washing machine.

If the machine is costly for your budget, you can start by handwashing cars before you get enough capital to purchase the machine. You might need a few employees to help you, depending on how many customers you get per day.

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Selling second-hand clothes is among the most profitable businesses that do not require a lot of capital. You can acquire space in a market or hawk the clothes.

Mitumba outfits are always in demand because they are unique and affordable. You can visit big markets like the famous Gikomba to get "camera" clothes or open a bale with 50k.

Professional cleaning is another business idea that is becoming increasingly popular in Kenya. There is a high demand for cleaning services in residential and commercial premises.

To set up a good cleaning business , you need to register your business name, set up active social media pages, and purchase the required cleaning supplies and products. Do a good job because this business thrives when old clients refer you to new ones.

Selling fruits is another profitable business in Kenya that you can start with as little as 50k. With more people becoming health-conscious, there is a huge demand for fruits across the country.

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People also love eating fruits, especially juicy ones such as mangoes, pineapples, and oranges, during hot sunny days. Your business will always be assured of a good customer base if you select a great location.

You can set up your fruit vending business on the streets or the roadside. You can also deliver the fruits directly to the customers in their offices and homes.

Boda Boda is another good business in Kenya. It does not require much other than a motorcycle or boda boda and a valid riding license.

You can get a second-hand boda boda for between Ksh 30,000 and 50,000 (used). Alternatively, you can get a new one on loan . If you choose the latter, you will have to make daily payments until you clear the loan.

A food kiosk is one of the best businesses to start in Kenya, especially if you enjoy cooking. A local food kiosk is known as a kibandasky .

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When you prepare good and tasty food, customers will come to you. To avoid any problems with the law, ensure you secure a business and health license in a good location.

Having an online presence is a big thing for businesses around the world . Small, medium, and large businesses need websites to make their products and services available online.

If you have web design skills, you can start a web design business. You can also offer other digital services such as digital marketing, social media management, and search engine optimisation, among others.

A nail parlour is one of the profitable small business ideas to explore in 2023. The demand for manicure and pedicure services is high in present-day Kenya.

If you have skills in manicure and pedicure, then this business should be on top of your list. You can opt to run a mobile nail parlour or set up the business in a fixed location.

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If you have 50k in Kenya, you can set up a small electrical supplies shop . Electrical supplies, e.g., bulbs, batteries, sockets, extensions, chargers, etc., are needed in homes, offices, and manufacturing plants.

You can start small and grow big within no time. If you are an experienced electrician, you can also offer electrical repair services to your clients.

Shoe-shining is becoming a trending business because of the scarcity of jobs in the country. The business does not require a hefty capital investment.

You only need a few items, such as, shoe polish, brushes, and sitting furniture, when starting the business. You can set up a shoeshine stand in a permanent location where customers sit and get the service.

Alternatively, you can choose to go mobile, moving from place to place in search of customers.

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The digital age has not managed to wipe out paper completely. There is an increasing number of people who need printing and photocopy services , including students and professionals.

The start-up capital is not as high as that of a cyber. For this business, the main equipment you need to start is a photocopier, printer, lamination machine, binding machine, and a computer. You need not have particular expertise and skills to start this type of business.

A cereal shop sells dry grains and legumes, e.g., maize, beans , green grams, groundnuts, rice, and more. It is a profitable business to start with 50,000. Everyone needs to eat, and the escalating population growth rate means more new mouths to feed every day.

There is a ready market for cereals even during tough economic times. You can start small and expand your business with time. This business idea requires minimum skills.

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Starting a cottage bakery is a profitable business idea to explore, especially if you possess excellent baking skills. Cookies, bread, scones, cakes, biscuits, and other baked goods are consumed daily in most households.

The success of this business depends on whether the customers will love what you serve. With Ksh 50,000 in your account, you can set up a cottage bakery and do deliveries to clients.

A designer perfume refill business is a promising business, especially in urban areas. You will first need to identify a supplier to sell you fragrances at wholesale prices.

You can start with 10 to 20 different fragrances with 50k shillings. The secret here is to choose fragrances that are fast-moving to keep the business alive.

Liquefied petroleum gas (LPG) has become essential in most households because it is cleaner and more convenient than charcoal or kerosene. Starting an LPG gas business involves supplying gas.

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Your initial budget will include the cost of premises, licensing costs, equipment, and the first supply of gas stock. This business works best in urban areas. Remember, the profitability of this business depends on your customer acquisition and retention efforts.

Kenyans of all ages enjoy eating popcorn. If you have 50k to invest in a business, consider setting up a popcorn stand in a place with high human traffic. You can buy a popcorn machine, brown bags, cooking oil, popcorn kernels, salt, and other necessities with the capital. Do not forget to get a license.

Starting any business in Kenya is complex and could be costly without adequate knowledge. If you are skilled and knowledgeable in phone repairs, you can set up a mobile phone repair shop .

Before you start, do market research to measure if the cell phone repair business is profitable within your area. You should also choose a strategic location to start a phone repair business.

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Kenyan consumers value locally-made products, making the concept of selling homemade soap appealing. Selling homemade soap combines creativity with a budget-friendly business idea.

Basic ingredients and packaging materials are readily available. You can experiment with scents and colours to come up with unique soap products. Market your handmade soaps online or in local markets to reach a broader customer base.

Jewellery is a timeless fashion accessory in Kenya, and there is a growing market for both women and men. With 50k, you can source jewellery pieces from local suppliers or artisans at reasonable prices.

Alternatively, you can buy the materials to create unique pieces. Market your jewellery online and offline. As your business grows, reinvest profits to expand your product offerings or consider opening a physical store.

Did you know you can get a washing machine worth about 30k in Kenya? You can get one and start a small laundry or mama fua shop in a densely located area, preferably where middle-income people live. Clients can leave their dirty laundry with you and collect it after you clean it.

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A plastics or mali mali shop is a good business idea for rural and urban areas. You can stock a wide array of plastic products in your shop. These include shoes, utensils, cleaning buckets, dust pans, dustbins, and much more.

Starting a child daycare is one of the best ideas you should consider. House helps have become very expensive to maintain and cases of rogue house-helps have been on the rise.

As a result, many parents prefer to take their infants to daycare centres. You can rent one or two rooms for the daycare business. Remember, you need to have a deep passion for children to succeed in this business.

Women will always want to have the most fashionable handbag regardless of the number of bags they have at home. Selling handbags is an excellent business idea.

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You can choose to sell new handbags or go for the second-hand bags. The best place to source new handbags is Eastleigh in Nairobi. You can source second-hand bags in Gikomba.

You can set up the business in a permanent location or move from place to place selling handbags. If you have Ksh 50,000, you can comfortably start the business.

There are various business ideas you can actualise with 50k in Kenya. Ensure you do some research about your business of interest to avoid making losses.

The best small business to start is one with the potential to earn you great profit and is in line with your skills , interests, and abilities.

There are multiple profitable businesses to start with 50k in Kenya to earn a decent income. The idea you pursue should have potential for growth and should be something you love.

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DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

Tuko.co.ke recently published a list of online jobs in Kenya that pay through M-Pesa. The present-day world is massively interconnected, a fact largely attributable to the internet.

One of the most popular trends in today's society is online work. Unlike conventional jobs, working online eliminates the need for physical employer-employee interaction.

Source: TUKO.co.ke

• 8 high-yield business savings accounts

What to look for in business savings accounts

Best business savings accounts (earn up to 5.48% apy).

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews.

• You can open high-yield business savings accounts at banks or credit unions.
• Several financial institutions offer business bank accounts paying 4% APY or more.
• You may need to maintain balance requirements or fulfill certain activities to earn the highest APY on some accounts.

Many banks and credit unions offer business bank accounts pay earn interest. If you want to open a business bank account , we've compiled a list of some of the most competitive business banking rates right now. 

Best high-yield business savings accounts

The best business savings accounts offer at least 4% APY. Some are savings accounts; others are money market accounts , which are like savings accounts but may include additional features like ATM cards or paper checks.

We've covered accounts at brick-and-mortar banks, online banks, and credit unions. Credit unions have membership eligibility requirements. That said, we've selected the best credit unions that anyone can join, regardless of where you live in the United States. 

If you're interested in a business checking account that pays interest, we also have a list of the  best free business checking accounts .

When you're comparing business savings accounts, you'll want to consider more than just their interest rates. Here are a few other features to consider when opening up a business bank account:

• Monthly bank maintenance fees : Financial institutions may charge a fee if you don't maintain a certain account balance or fulfill certain monthly transaction requirements. If you want to avoid fees altogether, online banks may have more appealing options than brick-and-mortar banks because they often have accounts that do not charge any monthly fees.
• Opening deposit requirements : A minimum opening deposit is how much money you'll need to open an account. Some business bank accounts do not have a minimum opening deposit requirement, though.
• Mobile/ online banking : If you're an avid mobile app user, review the mobile app ratings and reviews of a particular financial institution before opening an account. Also, if you are banking with an online-only financial institution, check the customer support hours and availability methods. 
• Additional features offered:  One feature that distinguishes money market accounts from savings accounts is that the former may offer debit card or check-writing privileges. 
• FDIC/NCUA insurance:  Business bank accounts are federally insured up to $250,000 per depositor, per account category. If you plan to deposit more than $250,000 in an individual account, there are ways to keep your money federally insured. You can choose to spread your money across multiple financial institutions or find an institution that's part of the IntraFi Network (a program that spreads your money across other FDIC-insured financial institutions in the network).
• Overall banking experience:  Think about whether you plan to open other types of business bank accounts or products, like a business line of credit or a business credit card .

Business savings account APY FAQs

Yes, many business savings accounts can earn interest. Most financial institutions offer business savings or business money market accounts.

First Internet Bank of Indiana offers the highest interest rate for a business bank account. The First Internet Bank of Indiana Business Money Market Account pays 5.48% APY for balances above $5 million.

Any business owner can open up a high-interest savings account. You might consider opening a high-yield business savings account if you are saving for a specific business goal or want to have an account for emergency reserves.

Yes, interest earned from business savings accounts is taxable. You could pay a penalty from the IRS if you don't report it.

First Internet Bank of Indiana and U.S. Bank are two of the best banks for business savings accounts, especially if you want to earn a high savings rate. If you're open to using a credit union, Premier Members Credit Union is another great choice for a high-yield business savings account.

It's important to have a bank account for your LLC, and a savings account is a great option because you can earn a higher interest rate than you would with many business checking accounts.

Yes, business owners can open business high-yield savings accounts. Banks like Prime Alliance Bank offer high rates for high-yield savings accounts specifically made for businesses to use.

Yes, it's worth having a savings account for your business, so you can earn additional money on your excess funds safely. 

Our Methodology: How We Chose the Best Business Savings Accounts

At Business Insider, we consider many different aspects of a business savings account when deciding which ones should make our list of the best business savings accounts. We follow our bank rating methodology and consider the following aspects of business savings accounts, among others: the bank's ethics, the account's interest rate, the bank's customer support, the bank's mobile app, the account's monthly service fees, and the account's required minimum opening deposit.

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Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards .

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

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