7 Small Business Ideas That Take Under $500 to Start

Got $500? %24 Incfile Says, Start a Business! O Becoming an Amazon or eBay 1 Reseller More than half of Amazon's $280 amazon billion revenue in 2019 was from its third-party sellers. Amazon is responsible for 49% of all online retail spending in the U.S. and 5% of all retail sales overall. 86% of Amazon sellers are profitable, and 67% are profitable in their first year of selling. 52% of everything sold on Amazon was from third-party sellers. ebay eBay has over 180 million active buyers and over 1 billion active listings. People aged 35 to 64 make 61% dn of eBay's audience. $4 Becoming a Virtual Assistant > Virtual assistants can save businesses up to 78% in operational costs each year. The most important and in-demand skills for virtual assistants are social media management, email marketing, and project Remote workers are 13% more productive than in-office workers. management. 24% of virtual assistants work 31 to 40 hours per week. Becoming a Social Media Expert 3 The demand and job growth for marketing managers is expected to increase by 8% a year. The median income reported for social media marketing managers is around $52,000 a year. The most common social media jobs are Social Media Strategist, Social Media Manager, Online Community Manager, Social Media Consultant, Brand Manager, Social Media Analyst and Digital Marketing Specialist. Becoming a Blogger or Vlogger 4 Blogs YοuTube 77% of internet users read 73% of adults report using blogs. YouTube. Blogs have been rated the 5th most trustworthy source for gathering YouTube is the second most popular social media platform, with 1.9 billion information online. users. Becoming a Freelance Writer or Editor Content writers earn $15 to $80 an hour on Upwork. - 31% of freelance writers make anywhere from $11 to $25 an hour - 20% earn $26 to $40 an hour - 10% make $50 to $75 an hour - and 9% earn $75 to $100 an hour. %24 31% of freelancers earn $75,000+ a year. 70% of freelancers work on 2–4 projects at a time. Becoming an Online Coach 6 $4 The total U.S. coaching market is predicted to grow by 5.4% every year. The life coaching field is a $2 billion industry. The average salary of a coach is $62,000. 68% of coaches are female. Becoming a Consultant 7 The average 10-year salary growth for consultants is 41.2% There's expected to be a 14% growth in demand for management analysts. > There are around 220,000 marketing consultant businesses in the U.S. The median salary for business consultants ranges between $74,000 and $87,000. Ready to get started? Check out Incfile's Business Name Search tool and start building your business. incfile References https://www.junglescout.com/amazon-seller-report/ https://www.nchannel.com/blog/amazon-statistics/ https://www.statista.com/statistics/259782/third-party-seller-share-of-amazon-platform/ https://www.bigcommerce.com/blog/ebay-marketplace-statistics/#ebay-statistics-to-make-any-sellers-head-turn https://www.bestofbudgets.com/virtual-assistant-statistics/ https://www.officialbryangrey.com/virtual-assistant-statistics/ https://nbloom.people.stanford.edu/sites/g/files/sbiybj4746/f/wfh.pdf https://study.com/articles/social_media_marketing_manager_job_overview.html https://www.socialmediacollege.com/blog/social-media-career-growth-in-2019 https://optinmonster.com/blogging-statistics/ https://firstsiteguide.com/blogging-stats/ https://www.pewresearch.org/fact-tank/2019/04/10/share-of-u-s-adults-using-social-media-including-facebook-is-mostly-unchanged- since-2018/ https://www.brandwatch.com/blog/youtube-stats/ https://websitebuilder.org/freelance-statistics/ https://99firms.com/blog/freelance-statistics https://www.forbes.com/sites/elainepofeldt/2018/10/31/freelancing-economy-continues-to-roar/#39334a407df4 https://coachestrainingblog.com/becomeacoach/size-of-the-life-coaching-market/ https://transformationacademy.com/2019/07/life-coaching-101-life-coaching-industry-synopsis/ https://sai.coach/blog/online-life-coach-2/ https://talentegg.ca/incubator/2013/09/30/the-10-best-things-about-a-consulting-career/ https://study.com/articles/What_Does_a_Consultant_Do.html https://www.ibisworld.com/united-states/market-research-reports/marketing-consultants-industry/ https://www.ibisworld.com/united-states/market-research-reports/marketing-consultants-industry/