10 Tech Business Ideas You Can Start for Under $500
You don’t need a ton of money to start a tech business. In fact, there are many great tech business ideas that you can start for under \$500.
Here are 10 ideas to get you started:
- Freelance web developer
If you have skills in web development, you can start a freelance business offering your services to clients. You can find freelance web development work on websites like Upwork and Fiverr
- Freelance writer
If you have a knack for writing, you can start a freelance business writing articles, blog posts, and other content for clients. You can find freelance writing work on websites like Contently and ProBlogger.
- Social media manager
If you’re an expert in social media, you can start a business helping businesses to manage their social media accounts. You can find social media management work on websites like Hootsuite and Sprout Social.
- SEO specialist
If you know how to help websites rank higher in search engine results pages (SERPs), you can start a business offering your SEO services to clients. You can find SEO work on websites like Fiverr and Upwork.
- Virtual assistant
If you’re organized and have a good eye for detail, you can start a business as a virtual assistant. Virtual assistants provide a variety of administrative, technical, and creative services to clients remotely. You can find virtual assistant work on websites like Upwork and Fiverr.
- E-commerce store: You can start an e-commerce store to sell products online. There are a number of platforms that make it easy to start an e-commerce store, such as Shopify and WooCommerce.
- Dropshipping business
Dropshipping is a type of e-commerce business where you don’t have to carry any inventory. When a customer places an order, you simply contact the supplier and they will ship the product directly to the customer. You can find dropshipping suppliers on websites like AliExpress and Oberlo.
- Affiliate marketing business
Affiliate marketing is a type of online advertising where you promote other people’s products and services in exchange for a commission on sales. You can find affiliate programs to join on websites like Amazon Associates and ClickBank.
- YouTube channel
You can start a YouTube channel and create videos about a topic that you’re passionate about. Once you have a decent amount of subscribers and views, you can monetize your channel through advertising or selling products and services.
You can start a podcast and interview people about a topic that you’re interested in. Once you have a decent amount of listeners, you can monetize your podcast through advertising or selling sponsorships.
These are just a few ideas to get you started. There are many other great tech business ideas that you can start for under \$500. Just do some research and find an idea that you’re passionate about and that you have the skills to succeed in.
Tips for starting a tech business on a budget
Here are a few tips for starting a tech business on a budget:
Bootstrap your business as long as possible. Bootstrapping means funding your business yourself without raising outside funding. This can save you a lot of money in the long run.
Use free and open source software. There are many great free and open source software options available for tech businesses. This can help you to save money on software costs.
Outsource tasks that you don’t have time or expertise to do yourself. There are many freelancers and outsourcing companies that can help you with a variety of tasks, such as web development, design, and marketing.
Focus on building a strong customer base. Once you have a strong customer base, you’ll be able to generate revenue and start to grow your business.