What type of business is the cheapest to start?

Start a Profitable Business for Under $100: The Ultimate Low-Cost Startup Guide

Starting a business doesn't have to drain your savings account. In fact, some of the most sustainable businesses begin with minimal investment. If you're looking to become an entrepreneur without risking your financial security, you've come to the right place.

At Starting Block, we often hear the same question from aspiring entrepreneurs: "What's the cheapest business I can start?" The good news is that in today's digital world, the answer is more accessible than ever.

Video: Start a Profitable Business for Under $100 TODAY

As Parker and Jacob explain in the video, service-based businesses are hands-down the most affordable businesses to launch. Unlike product-based businesses that require inventory, manufacturing, and equipment, service businesses leverage what you already have: your skills, knowledge, and time.

Why Service Businesses Keep Costs Low

With a service business, your startup expenses can be remarkably minimal:

• No inventory to purchase
• No manufacturing equipment needed
• No warehouse or retail space required
• Minimal software or tools (many are free to start)

Quick-Launch Service Business Ideas

Here are some service businesses you could literally start by the end of today:

• Freelance writing: Content creation, copywriting, or technical writing
• Graphic design: Logo design, social media graphics, or brand identity work
• Web development: Building websites for small businesses
• Consulting: Offering expertise in your professional field
• Virtual assistance: Providing administrative support remotely
• Social media management: Running accounts for local businesses
• House services: Painting, cleaning, lawn care, or handyman work

The Platform Advantage

One reason service businesses are so quick to launch is the availability of existing platforms. As mentioned in the video, sites like Fiverr and Upwork allow you to create a profile and start bidding on jobs within minutes. While these platforms take a cut of your earnings, they provide immediate access to potential clients without marketing costs.

The Growth Path

The beauty of starting with a service business is that you can begin generating income almost immediately. Then, as your client base and revenue grow, you can:

1. Reinvest in professional tools and software
2. Create a proper website and marketing materials
3. Gradually expand your service offerings
4. Potentially transition to products or courses based on your expertise

The Bottom Line

If budget is your primary concern, focus on selling your skills rather than products. With less than $100 (and often $0), you can establish a business and start generating income within days or even hours.

Remember: the goal isn't to stay small forever—it's to start small, validate your business concept, and grow sustainably without the crushing overhead that sinks so many startups.