top of page

5 Low-Investment Business Ideas to Make an Extra $1,000 per month in 2024

Imagine earning an extra $1,000 each month without breaking the bank. Whether you're looking to supplement your income or transition to a full-time solo business, numerous opportunities with minimal investment can help you achieve your financial goals. This post will explore 5 fantastic business ideas perfect for 2024 that require low investment but promise significant returns. From creating online courses to selling custom phone cases, these ideas are tailored to help you overcome common entrepreneurial challenges. Let's dive in and discover how you can turn your skills and interests into a profitable side hustle.


Create and Sell Online Courses

With the rise of e-learning platforms like Teachable and Udemy, sharing your expertise has never been easier. Whether you are knowledgeable about digital marketing, graphic design, or personal development, you can create a course and reach a global audience.


Steps to Get Started:


  • Identify Your Niche: Determine a topic you're passionate about and have expertise in.

  • Course Creation: Use tools like Canva to create engaging presentations and screen recording software to produce your content.

  • Marketing Your Course: Promote your course through social media, email marketing, and influencer collaborations.


Many solo entrepreneurs feel overwhelmed by technology. Platforms like Teachable simplify the process with intuitive interfaces and comprehensive support.


Design and Sell Custom Phone Cases

With over 3 billion smartphone users worldwide, there is a massive market for custom phone accessories. Websites like Etsy allow you to reach customers looking for unique and personalised phone cases.


Steps to Get Started:

  • Research Trends: Look at popular designs and identify gaps in the market.

  • Design Creation: Use graphic design tools like Adobe Illustrator or free alternatives like GIMP.

  • Set Up Shop: Create an Etsy store and use high-quality images and descriptions to attract buyers.


If you need help figuring out where to start, begin with market research and leverage easy-to-use design tools to simplify the process.


Create Downloadable Planners

People love organising their lives, and downloadable daily, weekly, or monthly planners are in high demand. You can create and sell these on platforms like Etsy or your website.


Steps to Get Started:

  • Design Planners: Use design tools to create attractive and functional planners.

  • Market Research: Identify popular planner formats and themes.

  • Set Up Digital Sales: Utilise platforms like Etsy to sell your planners and consider offering customisable options.


Inconsistent content creation can be a challenge. To stay organised, plan your designs ahead of time and create a content calendar.


Offer Freelance Graphic Design Services

Businesses and individuals constantly need high-quality graphic design services for logos, social media graphics, and more. Platforms like Fiverr and Upwork make it easy to connect with clients.


Steps to Get Started:

  • Build a Portfolio: Showcase your best work to attract potential clients.

  • Create Profiles on Freelance Platforms: Optimise your profile with relevant keywords and descriptions.

  • Market Your Services: Use social media and networking to reach a broader audience.

Poor online visibility can be a hurdle. Use SEO techniques and consistent branding across your profiles to stand out.


Buy and Resell Products Online

E-commerce platforms like eBay and Amazon provide a vast marketplace for reselling products. You can buy items in bulk from manufacturers and resell them at a profit.


Steps to Get Started:

  • Identify Products: Research trending products with high demand and low competition.

  • Source Products: Use sites like Alibaba to find manufacturers offering bulk discounts.

  • Set Up Online Store: Create listings on eBay or Amazon with detailed descriptions and high-quality photos.


Navigating the complexities of e-commerce can be daunting. Start small and scale your business as you gain experience.


Starting a side business doesn't have to be expensive or complicated. With these 5 low-investment ideas, you can earn an extra $1,000 monthly while leveraging your skills and interests. Whether you're creating online courses, designing phone cases, or reselling products, there's an opportunity for everyone.


Remember, the key to success is taking the first step and consistently working towards your goals. Which business idea are you excited to try? Let me know in the comments, and remember to like and follow for more tips. Join our community forum for ongoing support and resources to help you on your entrepreneurial journey.

6 views0 comments

Recent Posts

See All

Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page