You’ve saved and lived your way to $50,000 frugally.
Having aspirations of leaving your 9-to-5 and becoming an entrepreneur, your future is looking brighter than ever.
What are the best companies to start your own business with $50,000 in today’s volatile market?
To help you start your entrepreneurial path, we’ve researched and found the finest companies to start, including cost analysis, expected growth rate, and gross profit margins.
This review will look at numerous companies to determine whether it is the best option for you.
You’ll discover if these businesses are worthwhile for you.
Before that, let me tell you something…
There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like Starting A Business With 50k. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Inventory
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Leasing.
This is nothing like business general, and that’s probably a good thing.
However, if you’d still like to know more about Starting A Business With 50k, keep reading.
What Is The Best Business To Start With $50k?
Spending a substantial amount of money is sometimes required while beginning a company. This is known as a capital investment. At times, this might be tough to accomplish.
However, one may create a budget and save part of one’s earnings. It’s not only about the money; there are other factors to consider, such as patience, target market, and a range of other factors. You may also purchase a failed business and transform it into a profitable one.
Others choose to buy an existing business since it is simpler. For example, your own shop or a food truck company will have everything set up; all you have to do is get in!
Numerous well-known and simple businesses under $50,000 have been in operation for some time and are making considerable money. Working from home online and utilizing your resources can help you save money on your investment.
If you have all that money and don’t know where to start, check these best small business ideas:
1. Consulting
Our initial business idea is consulting.
A consultant, according to Wikipedia, is a professional who provides expert advice in a certain field such as business, education, law, regulatory compliance, human resources, marketing, finance, health care, engineering, science, security, or any of a variety of other specialized professions.
While schooling and certifications are advantageous, they are not required if you consider yourself an authority in a specific sector.
What matters is that you can answer the following questions:
- Can you provide a unique point of view?
- Are you regarded as an expert?
- Who is your intended audience?
- Is there a demand for your service or product?
- How are you going to sell yourself and your brand?
2. IT Support Specialist
It’s unlikely for you to jump big buildings in a single bound.
However, you may be seen as a superhero if you can assist and maintain company owners’ computer systems and related equipment.
Employers prefer candidates with a bachelor’s or master’s degree in computer science, information science, or a related field.
If you have the experience and information to back up your business, you might earn an average monthly salary of $50,000-$150,000+.
3. Bookkeeping & Tax Preparation
There will always be taxes to pay and books to retain, no matter how computerized or automated our society gets.
Despite fears that bookkeeping services are a fading sector, this $83.1 billion industry is predicted to grow at a 2% yearly rate through 2022.
There will be changes in how methods and processes are carried out, but virtual alterations give up a slew of possibilities for those with an eye for numbers and a willingness to adapt.
Your business structure will determine launch expenses if you offer virtual or direct services to your clients.
To cover expenses like insurance, required computer programs, high-speed internet, telephone access, website hosting, and business cards, you will need at least $2,500-$25,000.
4. Fashion Consultant
From 2016 to 2020, the fashion industry increased by 21%, with a CAGR of 3.5-4.5 percent projected in 2022.
As the economy recovers, people are spending more on consumer goods, and fashion and “feel-good” product lines are at the top of the list.
A minimal initial investment of $2,000-$5,000 is required to start a fashion advising/consulting business.
As your business grows, you’ll need to invest more money into it.
5. Tutor
If you have the intellect and patience to educate children or adults, you should consider working in the tutoring profession.
A tutoring service may be started in several ways, including online, from home, or through a company website.
Consider that the private tutoring service industry is worth more than $100,000 million and is anticipated to grow at a CAGR of 7.1 percent between 2018 and 2026.
In 2022, online tutoring is predicted to rise at a rate of 4.1 percent.
6. Makeup Artist On The Go
The US cosmetics industry is valued at $93.5 billion and is predicted to grow at a 3.5 percent yearly pace between 2020 and 2023.
A booming business means more opportunities for makeup artists and freelancers.
Starting a mobile makeup business is not only an exciting undertaking, but it also has the potential to be quite profitable.
A makeup artist’s annual salary ranges from $34,000 to $120,000+, depending on their expertise and geographical region.
7. Event Coordinator
With an average annual salary of $56,000-$75,000+, this $500 billion+ industry is expected to grow by 7 -11 percent by 2026.
Here are a few fundamentals to remember if you want to establish your own event planning company:
- What is your area of expertise? (If you want to be portrayed as an expert in a specific field, dial down and get specific).
- Who is your ideal customer?
- How are you going to sell yourself and your brand?
- How much will you charge
8. Real Estate Appraiser
The real estate industry is likely to grow as Americans continue to purchase houses.
A real estate appraiser must determine property values using data, legal descriptions, photographs, and inspections.
Demand for this profession is increasing, with a predicted growth rate of 7% between 2018 and 2028, and it is most prominent in bustling real estate markets.
This post includes connections to online courses as well as further information about the function of a real estate appraiser.
Depending on how large you want to develop your business, you may start a real estate appraisal company with a $5,000-$50,000 investment.
9. Home Care For The Elderly
Elder home care is a $294 billion industry expected to rise to $300 billion by 2022, with an 8 percent compound annual growth rate by the end of the year.
More than 50 million seniors in the United States have health issues, limited mobility, and minimal family support, requiring in-home care.
As the population grows, more in-home care services will be required, indicating that now is an excellent time to start an elderly care business.
10. Mobile Pet Grooming
People cherish their dogs without a doubt. Americans are eager to pay money to keep their dogs looking and feeling well.
What if your pet dislikes traveling or is too old or sick to see the groomer? Mobile pet grooming.
Plan on spending $10,000 to $50,000 on car equipment, in addition to your “spa” tool kit, business insurance, and any state licensing needs.
3 Steps To Launching A Profitable Business
As you can see, the most successful business vary in industry, time commitments, and beginning costs.
No matter which most lucrative business model you select, you’ll need a few things to get your operation started.
If you’re still in the planning phases, you may get started with the three steps below:
- Step 1: Come Up With A Great Idea And Do Your Research.
- Step 2: Get Organized & Make It Official.
- Step 3: Obtain The Necessary Financing.
Is Starting A Business With 50k A Scam?
So, is Starting A Business With 50k a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Leasing.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.
Are There Alternatives To Starting A Business With 50k?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Leasing is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With business general, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Leasing, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Alright, so most business general doesn’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.
And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.
Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.
With Digital Leasing, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Starting A Business With 50k, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
6) Make Money Helping Real People: With Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Starting A Business With 50k which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.
