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John Preston | johnpreston

Most Profitable Small Business for $5,000 or Less

May 10th 2015 at 10:25 AM

If you are an aspiring entrepreneur and your pocket is not too deep, your prospects of starting your own business will look dim. Based on the study made by the Franchise Update Media Group, most business startups cost from $50,000 to $200,000.

There are different small businesses that don’t require that much money. Most of them are under $5,000. Here are some of the most profitable small businesses that you can launch with that kind of money.

1. Cleaning

A cleaning business is one of the small scale business ideas you can start with less than $5,000. The capital investment in this kind of business is not that much. But you need the customary cleaning tools and materials to operate this business.

To give you more mobility, you can buy a good used car so that it will be easy for you to go from one customer to another. If you really want to save on capital, you can just use your own car or your pickup truck.

You may need to get certified by a public agency if you want to engage in certain specialty cleaning business.

2. Event Planning

People can’t get away from social events. There will always be birthday parties, anniversaries, weddings and so forth. So why don’t you take advantage of this need and become an event planner?

This kind of business can be launched right in your own home. It will keep your costs down. But if you really want to grow, you need to have a professionally looking website, which you can create with the help of a good website developer.

Based on industry standards, a good commercial website can cost you somewhere between $2,000 and $4,000. It will serve as your advertisement and marketing tool so make it as attractive to your customers as you possibly can.

3. Computer Maintenance

With most people now having a computer at home, your computer maintenance business will have an endless list of customers. Computers that are not maintained will easily breakdown. Hundreds of viruses are created everyday which can jeopardize the computer of a non-techie.

This is your main reason for attracting people to your business. You can also launch this business at home, but your knowledge of computer technology must be such that you are able to really deliver the computer maintenance services that your clients need.

4. Lawn Care

This business is for you if you are fond of working outdoors and caring for plants, flowers and gardens. If this is your hobby, you might well turn it into a profit making scheme. In fact, it is one of the most profitable franchises today.

Start with basic lawn services that will only need the standard equipment such as rakes, brooms, trimmer, push mower and clean up tools.

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