5 Cheap Businesses to Start in 2024

#1 Bookkeeping Service

Accessible with just a high school diploma

Market yourself on platforms like Upwork or social media

Income potential: $20 to $60 per hour

Initial investment includes accounting software and LLC license

#2 Tutoring Business

No higher education required; expertise in a subject is key

Utilize social media and local networking for promotion

Start-up costs cover a website and home office setup

Income potential: $20 to $100 per hour

#3 Consulting Business

Requires expertise in a particular field

Networking crucial for landing contracts

Income potential: $100 to $500 per hour

Invest in professional business cards and website for credibility

#4 Online Store

Sell products online with minimal technical skills

Ongoing costs for website maintenance and digital marketing

Income potential: Varies based on product

Initial investment includes domain name and payment processor

#5 Graphic Design Services

Utilize digital artistic skills to offer graphic design services

Platforms like Fiverr and Upwork for finding clients

Income potential: Around $25 per hour

Create a portfolio website

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