The Internet has made finding small home-based business ideas under $500 as simple as doing a Google search and diving in headfirst into research. Is that a good idea?
When thinking about small home-based business ideas under 500 I was trying to decide if I should give you a handful and dig deep into them. Keep in mind that some will be free as well.
Give you a big list, with URLs, and let you dive deeper into the ones that appeal to you.
Here are 20 small home-based business ideas under $500. Some are strictly online businesses, some are offline businesses, and some can be both!
1. Affiliate Marketing
You do not need $500 to get started in affiliate marketing. Most affiliate programs are free to join.
Eve affiliate programs that cost something are very inexpensive compared to starting other kinds of businesses. Plus, when you buy a product to be able to sell it as an affiliate marketer you can then pre-sell before sending your prospect to your affiliate sales page.
Wealthy Affiliate is an example of this. As a premium member for $49 a month, you earn $23.50 a month in residual income on your sales. The old adage of buy 3 and yours is free applies here plus a little bit more in commissions.
My make money tips are full of ideas on how to start an affiliate business and make money. Check out some of my past articles on affiliate marketing.
2. Network Marketing
Network marketing is the most sought after small business idea. Millions join MLM companies every month and do not spend $500 to get started.
Again the Internet makes researching network marketing and companies to join very easy. I really like the Business For Home website and free newsletter.
Remember that network marketing is a direct sales business model direct sales business model so you will have to sell products at retail pricing. Then you can also sponsor new members and build a sales team from there.
You will not find more comprehensive information on network marketing than this site including thousands of MLM companies you can join for under $500.
3. Get Paid To Programs
The people who do best with get-paid-to programs treat their work as a business. This work includes taking paid surveys, reading email, completing small tasks for money, data entry and so on.
If you want to make money taking surveys millions of people do. Check out Survey Chris for a really good website for making money taking surveys. You will find all of the best programs to join here:
Completing simple tasks for money can be found at Amazon Mechanical Turk. The pay here is really small, but it adds up.
It used to be when we thought of e-commerce we thought of eBay. Now you have some really good programs you get set up with like Shopify, Big Commerce, and Magento.
Learn more about making money with eBay here. More millionaires have come from eBay than any other small business idea.
The new kid on the block so to speak is Shopify. I know many people starting online stores and doing e-commerce with them. Learn more about Shopify here: https://www.shopify.com/
5. Fulfillment by Amazon
Amazon is the number one buying website in the world. If you want to sell your own stuff online why not do it with Fulfillment By Amazon also known as FBA.
One resource getting a lot of traction is the good folks at Resource Academy: http://oaprofits.com/
Do a Google search and you will find a lot of training on FBA. This is something you can get into for under $100 and scale quickly once you learn how to do it.
6. Provide A Service
Online or offline people will pay you to do things they can not or will not do themselves. Examples include lawn mowing, snow shoveling, website design, a blog set up, hairstylist.
Services that solve a problem are evergreen in nature. This just means they will never go out of popularity.
Here is a good article on ways to provide a service for money:
7. Blog Writer
With millions of blogs online you will never run out of customers. Practice at content mill sites like HireWriters or iWriter and then start your own blog writing business. A really good source for writing training including freelance blog writing is Angela Boot.
The big money in writing is copywriting. Without a doubt, one of the best places to find high-quality training for under $500 is at American Writers &; Artists Inc. They will train you to become one of the leady copywriters ever.
They have generated billions in sales and today they keep generated top copywriters in the world that are contributing to their success. They have training from beginners to advanced training.
People will pay you to tutor their kids or even tutor them. This can be a very rewarding and profitable business that can grow into a full-time income.
It can be done 100% online with tools such as Skype or FaceTime. Of course, you can do it at home or even at a school.
Here is a good video on How To Start A Tutoring Business – 10 Tips.
10. Tips Newsletter
If you have a passion or skill for something people need help with how about starting a tips newsletter in either digital, printed or both versions.
The Use Letter from Amy Lynn Andrews is a good place to look at a really good and useful tips newsletter.
An email newsletter is also called an ezine which is short for electronic magazine. Here is a good article on the basics of starting an ezine: http://zmoon.com/articles/newsletter12.shtml
You can make the ezine free to subscribe to and then sell advertising or use affiliate banners to make money. You can also offer a paid membership to earn monthly income.
Adam Nolan offers a great course on making money with tips newsletters called the Passive Print System: https://passiveprint.com/
More Ideas On Small Home Based Business To Join
11. Social Media Manager
A social media manager handles social media marketing for businesses. These could be one-man businesses, small mom and pop stores, or even larger businesses.
Read this article for more in-depth tips: How to Start a Social Media Management Home Business
12. Start A Lead Agency
One thing that will never change for almost all businesses is the need for fresh leads. This is true for network marketers.
It is also true for local small businesses such as HVAC, plumbing, carpet cleaning and so on. I would say if this interests you there is no better skill to develop then lead generation.
Read this article Starting a Lead Generation Business for Insane Profit – A Complete Guide to see if this might be the small business idea you are looking for.
13. Virtual Assistant
When reading What a Virtual Assistant Is I was struck at how easy it is to set up this business. Plus it is in huge demand and pays up to $25 /hour.
14. Buy An Online Business at EmpireFlippers.com
The fastest way to start a small business is to buy one. The hard part is finding one at an affordable price. Read my review on Empire Flippers to see if this might be a place you could find a business to buy. you can check their weekly listings that I posted on my website on a weekly basis as they send them to me.
15. Domain Flipping at Flippa.com
Domain flipping is just what you think it is. Y0u buy domains at a low price and sell them at a higher price. You can learn more about Domain Flipping here.
16. Start A Franchise
Finding a franchise to start for under $500 is going to be hard to do. The thing is most franchises will let you finance through them and this can be for little or no money down.
Franchise Opportunities is a good place to look at franchises by coast and state.
17. Top Tier Business from ProsperityNexus.com
This is also known as big-ticket or high ticket opportunities. Prosperity Nexus has a great opportunity in the Top Tier Business model.
They give you a business in a box but expect to spend $3500-$6500 with financing available. Contact Steve Hawk here.
18. Offline Services
I could and probably will write an article starting on an offline service business. A few that come to mind are……
– Curb Painting
– Day Care
– Pet Care
19. Start Your Own Blog
This is what I did and my out of pocket cost was under $100. It breaks down this way.
The first thing is to think of a niche you want to be in. Try and solve a problem, maybe even one you have.
I decided to get into the make money tips niche. This is an evergreen niche that never runs out of prospects.
1. Join Wealthy Affiliate for free. Upgrade to Premium Member for $49/mo..
2. Buy a domain name for $13.99 a year.
3. Start a website using a WordPress Theme. Cost $0.
4. Join an autoresponder company. I use Traffic Wave. Cost $17/mo.
5. Start blogging.
6. Outsource writing.
This will bump your cost, but if you do not like to write, do not know how to write blog articles, or are just too busy outsourcing to a freelance writer is a great idea.
20. Join Wealthy Affiliate
This is my top choice for a small business idea under $500. As I just laid about in idea #19 you can start for under $100.
Sell the Wealthy Affiliate membership and earn $23.50 a month. Do this over and over until you are earning thousands of dollars per month.
This is not hype. There are many members earning good money in affiliate marketing with Wealthy Affiliate.
You can join for free and take their 5 part affiliate training course for free. Then upgrade for $49 a month an become a paid member with all kinds of benefits, including additional courses to take your understanding levels higher.
Why would I put this on small home-based business ideas under $500? In my opinion, there is no better business model for making money than affiliate marketing.
The key is to go into an affiliate marketing program with the idea that you are starting your own business. Most people don’t do that and that’s one of the reasons they fail.
When you build an online small business in affiliate marketing you should be creating a long-term income strategy. You’re also building a business that you could sell if you ever wanted to in the future.
You should approach everything you do as though it is a real business selling real products to real people. Wealthy Affiliate will be a great resource for long-term success.
When doing this business, is good to start a saving program. Because as you build your free traffic base, you would want to take advantage of the paid ones as well. Something that Wealthy Affiliate will teach you in the Affiliate Course as well.
This is what I am leveraging and it is turning out to be one of my best marketing source that has increased my earnings and giving me the option to grow my business exponentially.
Conclusion: Online Home Based Business Ideas
In summary, this is a fairly comprehensive list of small home-based business that anyone can start under $500. Many lead you to train on how to make money in these various ways.
My best advice is to pick one and focus on it. Do not jump around always blaming the business opportunity for your lack of success.
What you decide to do with all this valuable information from here is totally up to you, but I wish you the best of luck!
And if you decided to join my community, I will meet you inside, introduce you to the owners and have they reach out to you to get you up and running within minutes after you make that the decision.
I take this business seriously and I will do whatever it takes to see others, like yourself, experienced the same success and build a home-based business that would be around years to come.
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