Owning a business, of course, requires financial investments. You can open a small business even if you have only a few thousand dollars in your pocket. And if your start-up capital is several hundred thousand, then the choice expands significantly.
It’s time to think globally and find out the best business to start with $100k.
There are many options for what kind of business you can do with $100,000.
Excited? So, let’s start!
What are the Most Successful Small Businesses in 2020?
You may not believe it, but there are people who feel more comfortable having a small business, the profit from which will be enough for them.
Let us take a look at the best business to start with little money.
1. Auto Repair
Cars were, are, and will always be, they will always break down and fight on the roads, and what else is needed for a successful vision of your business. One issue has been resolved – a constant influx of customers will be ensured by “everyday life.”
If you don’t want to invest too much in the beginning and want to open a business under 100k, you can even repair cars in your garage or rent someone else’s.
2. Car Washing
Let’s continue the topic of cars. We will not tell you that you can wash them in your yard (everyone has buckets and rags, right?).
Having an impressive start-up capital and a good business plan with correct calculations, you can expect profit in 1-1.5 years, depending on the flow of clients.
3. Food Trucks
Cars will always break down, and people will always eat.
Therefore, if the question “Why are there no places to get a hotdog in this park?” is spinning in your head, then it’s time to open this place yourself.
This is, let’s say, a very cozy business.
4. Electronics Repairment
But this case is definitely suitable for your garage and is a business under $100,000. And no special materials or investments are required. The most important thing is to understand what you are doing and to provide yourself with advertising.
5. Delivery Services
It is your decision what you want to deliver, but the bottom line is that people are lazy and will always be happy if someone delivers them coffee/food /table from Ikea.
In addition, the pandemic has shown us that delivery services can be urgently and unpredictably needed.
Most Profitable Business to Start with 100k Online
When a person invests a lot of money in a business, he expects that his spending will pay off.
Let’s talk about those types of the best business to start with $100k that will bring you big profits.
1. Cryptocurrency Trading
There are lots of ideas for starting a business with 200k in a crypto field, from developing the best multi cryptocurrency wallet to usual trading on a cryptocurrency exchange.
This niche is very profitable but risky as well. That is why every step should be evaluated.
2. Web & mobile app development
With the world becoming more and more immersed in technology, apps are becoming more and more popular.
Apps have become the thing that helps companies differentiate themselves from the competition. Therefore, companies like MLSDev that specialize in custom software development will help develop a digital product that would bring you profit in the long term.
3. Launch your SEO agency
Now there are a lot of marketing agencies that deal with SMM, but SEO agencies – of high quality, are present rarely. The SEO agency will also be a good business to start with 250k if you want to create something big and extraordinary.
Therefore, having capital and understanding (or a person who understands) of this industry, you can safely open an agency and hire professional marketers.
4. Start a Digital Marketing Agency
Again, the more actively technologies develop, the greater is the demand for internet marketing of sites, social networks, and so on. That is why the experienced digital marketing agency is one of the best investments for $100 000.
Before opening such an agency, we advise you to calculate everything and decide on a strategy so that later you will not be overshadowed by your competitors.
5. Start an eCommerce Store
We would advise you to open an online store with some unique ideas because there are so many of them now.
If suddenly you find a supplier with goods that, for example, cannot be obtained in your country in ordinary stores, although there is a demand for it, and you know that this niche is not filled with competitors, then you can safely start.
Most Prominent $100k Business Ideas
We discussed the smartest small business ideas, about the best business to start with $100k, but we would also like to show you, you know, promising areas that are only gaining momentum, but promise to be profitable in the future.
And these ones are good businesses to start in 2020.
1. Coffee Shop
Of course, coffee shops were popular before, but today coffee is not just a drink, but more even a hype. And the more unique the coffee shop (names, cooking methods, desserts, or other features), the more customers there.
Therefore, if you have some kind of creative idea, then it’s time to order beans and a coffee machine.
2. Bakery Business
Due to the fast pace of life, especially in big cities, people often take something tasty to work to have a snack.
For example, donuts – everyone’s favorite.
By the way, a good option is to open a bakery that will only sell donuts. You only need to turn on your imagination and come up with a filling
Insights Success is the Best Business Magazine across the globe for enterprises.
Post new comment
Please Register or Login to post new comment.