Ep.372 - Start a New Business for $500 or Less

Business Models You Can Start Under $500

Here are some simple yet powerful businesses you can launch without breaking the bank:1. Service-Based Businesses – Cleaning, tutoring, pet sitting, lawn care, freelancing (writing, design, editing). These often require little more than marketing, some basic tools, and your skills.2. Digital Businesses – Selling e-books, online courses, print-on-demand T-shirts, or even starting a small Shopify store. With platforms like Canva, Etsy, and Gumroad, you can launch quickly and cheaply.3. Content Creation – Starting a podcast, YouTube channel, or blog. Your main costs? A decent mic, domain name, and hosting. With consistency, you can turn your content into income streams through ads, sponsorships, and products.4. Reselling & Flipping – Thrift store finds, garage sales, or online arbitrage. You can start small by flipping items on eBay, Poshmark, or Facebook Marketplace.