Many aspiring entrepreneurs are discouraged from pursuing their business dreams due to the high costs associated with starting a business. However, there are several low-cost business ideas that require dedication and hard work. If you are interested in starting a business without spending a lot of money, this article is premised around top 20 low cost business ideas with high profit in Texas.
What is the business that is low cost and high profit?
As for a low-cost and high-profit business, it is important to focus on industries that are experiencing high growth with low startup costs, minimal competition, and a promising long-term outlook. Some examples include financial services, personal services (such as personal training or pet care), pet and baby supplies, and well-positioned retail stores. Read also top 15 money making business ideas for retirees.
Below are Top 20 Low cost business ideas with high profit in Texas:
1. Transcription
The first among the 20 low cost business ideas with high profit in Texas on our list is transcription. If you’re interested in starting a business without upfront costs, then starting a transcription service might be right for you. With a good listening ability and fast typing skills, you can easily earn extra money by transcribing audio or video files. You can charge between $1-$2 for every audio minute transcribed, making it a profitable venture, especially if you’re a fast typist.
There’s currently a high demand for transcription services, and you can find work on dedicated transcription sites like Rev.com or freelance job boards like Upwork. You don’t necessarily have to start your own business right away. Check out Business Ideas for Christmas Season and Easter and earn big for yourself.
2. Editing and Proofreading Business
Another low-cost business idea with high-profit margins is starting an editing and proofreading business. Any business that publishes content, whether online or in print, will need a good proofreader and editor. While you don’t need any formal qualifications to become a proofreader, you should have a good understanding of the English language and be detail-oriented. Taking a course in proofreading, such as “Becoming a Proofreader” by Proofreading Academy, can help you enhance your skills and knowledge.
3. Sell on Redbubble
Artists and creative persons looking to start a business can use print-on-demand sites like Redbubble to sell products featuring their artwork. By creating a Redbubble shop and uploading your designs onto various items, you can earn money by selling them. Redbubble takes care of printing and shipping the items, and you get paid a share of each sale. Since you only need to upload each design once and can sell it an infinite number of times, selling on Redbubble can be a source of passive income.
4. Babysitting/Nanny
Another one on our list of 20 low cost business ideas with high profit in Texas is nanny. If you enjoy spending time with children, starting a babysitting, child-minding, or nannying business can be a great option, especially if you already have young children at home. However, starting such a business will require specific licenses, which vary by state and first aid certification if you’re looking after children. Parents are always looking for good childcare options, so there’s a high demand for these services.
5. Selling on Etsy
If you’re a creative looking for a low-cost business idea, starting an Etsy store might be perfect for you. Opening a store is free, and you only pay a small listing fee for each item you list. You can sell handmade items like art, clothing, jewelry, and chocolates, as well as digital products such as printable calendars, artwork, and meal planners. Once you create a digital product, you can sell it an infinite number of times for passive income.
6. Become a social media manager
One of the lucrative low cost business ideas with high profit in Texas is social media managing. Many small business owners don’t have the time or expertise to manage their social media accounts effectively, so they’re willing to pay someone else to do it. You can find clients through LinkedIn and Facebook groups, as well as freelancer sites like Upwork and Fiverr. Most social media managers charge an hourly or monthly rate, with experienced managers for high-end clients charging a thousand dollars or more per month.
7. Dog Walking
Starting a dog walking business is also an option with little to no startup costs. You can find potential clients through neighbors, friends, local Facebook groups, and community boards. Walking multiple dogs at once can increase your earning potential.
Self-publishing an ebook on Amazon is another option. You can write about any topic you’re knowledgeable and interested in, with non-fiction books being ideal for beginners. Topics could include business advice, humor, recipe books, how-to books, travel guides, crafts, parenting tips, or health and fitness.
8. Sell on eBay
eBay is a great option for anyone who wants to start selling without an upfront investment. You can begin by selling items you no longer need, and then reinvest the money to buy new inventory. Thrift stores and Facebook Marketplace are excellent sources of merchandise to resell on eBay for a profit.
If you want to establish an eBay business, you need to create compelling listings. Taking clear photos of your products is essential, and using relevant keywords in the title and description will help your item appear in search results, increasing your chances of a quick sale. Many people have found success on eBay, and some have even left their 9-to-5 jobs to sell full-time.
9. Online Tutoring
Starting a tutoring business is one of the low cost business ideas with high profit in Texas, especially for those with an academic background. You can tutor students in any subject in which you have expertise, and you can find potential clients in local Facebook groups or by reaching out to schools in your area.
Using video calling software like Zoom or Skype enables you to tutor students from home, and depending on the academic level you’re teaching, you can earn between $35 to $55 per hour. Tutoring can be a lucrative side hustle or a full-time business. If you want to earn more money, consider starting a test prep business.
10. Health Coaching
No doubt, health coaching is one of the low cost business ideas with high profit in Texas. If you’re passionate about health and wellness, starting a health coaching business can help you break free from the 9-to-5 grind. If you lack experience as a health coach or personal trainer, taking an online course can help you gain confidence and knowledge. Udemy offers several accredited health coaching courses at an affordable price.
Starting an online health coaching business requires little upfront investment. You need a website and social media accounts to market your services. Once you find clients, you can coach them on Zoom or Skype, allowing you to run your business from home.
Health coaches can also create digital products like online courses, ebooks, or downloadable worksheets to generate passive income and eventually reduce the need for one-on-one coaching, allowing you to scale your business.
11. House Sitting
Another one of the low cost business ideas with high profit in Texas is house-sitting. House sitting involves taking care of someone’s properties, aged ones, or machineries while they are away on vacation. It’s a low-cost business that requires little to no upfront investment. Services could include anything from watering plants, taking care of pets, to mowing the lawn and making sure the property is secure.
To start this business, you can create a website and advertise your services locally on social media. You can also create flyers using free graphic design tools like Canva and distribute them in your local area. Taking care of pets is an excellent way to earn money while doing something you enjoy.
12. Virtual Assistance
With the rise of online businesses, virtual assistants are in high demand. Virtual assistants work remotely and can have a variety of duties such as data entry, transcription, inbox management, diary management, and social media management.
To start your own virtual assistant business, all you need is a website where you can showcase your skills. You can find clients on LinkedIn, as well as freelance job boards like Toptal or Upwork
13. Pet Sitting
Pet sitting is another low-cost business idea that involves taking care of someone’s pets while they are away on vacation. Services could include walking dogs or visiting their home a few times a day to feed small animals. Some pet sitters even take other people’s pets into their own homes.
To start a pet sitting business, you can advertise your services locally, and you don’t need any specialist equipment as anything the pet needs is normally provided by the owner.
14. Event Management
Are you organized and love planning events? Consider starting an event planning business. This is one among the most profitable low cost business ideas with high profit in Texas. Many people need help organizing birthdays, weddings, and other occasions but don’t have the time. Event planners typically charge 15-20% of the total event budget as their fee, making larger events like weddings especially lucrative.
15. Cleaning Business
Another profitable business idea is a cleaning business. Although you might have to start by doing the cleaning yourself, this type of business is easy to scale by hiring employees. Flyers and business cards can be created using Canva and distributed locally.
16. Pressure Washing Business
Starting a pressure washing business is another option with high profit potential. The only costs involved are purchasing a pressure washing machine, protective clothing, and creating a website. The earning potential can be up to $4,000 per week!
17. Tour Guide
If you’re passionate about your local area, consider starting a tour guide business. This low cost business idea with high profit in Texas involves almost no startup costs and can be advertised on Trip Advisor and social media. Charging a set fee for a walking tour of your town or city, showing visitors all of the interesting things they might not know about, can be profitable.
18. Vending Machine Business
Although starting a vending machine business has startup costs, it can be a great source of passive income. Once you have acquired your machines and stock, find locations with high foot traffic like shopping malls, leisure centers, and large apartment complexes. Offer the owners a commission in return for placing your machines on their property.
19. Car Wash Business
Starting a hand car wash business requires almost no startup costs. You can offer to wash cars in people’s driveways, which can be very convenient for people who don’t have the time to visit a car wash. Advertise your services on local Facebook groups and consider creating flyers and business cards.
20. content creation
Another promising option on our list of 20 low cost business ideas with high profit in Texas is content creation. With the rise of social media and the 24-hour news cycle, there is a high demand for creative professionals such as writers and graphic designers to create shareable and high-quality content for businesses and media outlets. Thanks to the increasing number of freelance and contract workers, it is easier than ever to market yourself as a professional service provider.
See the importance of Google My Business Experts, and 13 insane reasons you should hire them.
Overall, these low cost business ideas with high profit in Texas are great for anyone looking to start their own business. By utilizing social media, free graphic design tools, and online job boards, you can easily start your own business and work from the comfort of your own home.
