Top 9 Best Businesses To Start With 10k In 2023
by Barsha Bhattacharya Starting a Business 31 August 2022
Perhaps you are working hard at an organization and have managed to save up some money in the bank. Maybe you have just obtained an inheritance. Or maybe that lottery ticket has finally paid off – whatever the reason, you have ended up with 10k in your pocket. Have you considered checking out the best business to start with 10k?
Many entrepreneurs out there actually start with hardly any capital. So if you have managed to get some money into the equation very early in the game, it basically means you are already ahead in this game. However, if you are considering launching your own business soon, then this article is for you!
Keep reading to find out about the best business ideas you can explore in 2023 with 10k by your side!
Top 9 Best Businesses To Start With 10k In 2023: What Are The Odds, Anyway?
Once you have decided to launch a business, your first question is, naturally, what is the best business to start with 10k? Don’t worry. We are here to help. Scroll down and read about the best business ideas you can make a reality with 10k!
1. Online Store
Owning an online store is perhaps one of the best online businesses to start with 10k! You don’t even need a website today to launch your online store. With Instagram and Facebook becoming big shopping platforms, you just need to be present on social media and keep engaging – because engagement will help you convert your potential customers into actual ones.
Of course, owning a website is beneficial – today, you can even build a website with the help of free tools online. All you have to do is pay for hosting and the domain to get started. All you have to pay for is some basic advertising and the things you will sell in your store – from clothing to accessories, there’s so much you can sell at an online store.
2. Senior Care Business
Undoubtedly, the population today is ageing. Senior care homes are pretty expensive, sometimes even prohibitively, and as a result, more and more seniors are opting to stay at their homes. If you manage to invest some amount of money and time, you can launch a lucrative business for taking care of these seniors in their homes.
Think about it. As the massive Boomer generation grows old and people start living longer, your business will only thrive. And 10k is a lot of money for getting started with your senior daycare business when you think about it. As long as you are focused, it won’t be a complex business venture to start.
3. Window Treatment Business
Starting a window treatment business is a great idea considering this business actually blends both service and sales or, to be more specific, installation in a great combination. It also happens to be a differentiated and highly personal business venture. Moreover, you can operate this venture storefront.
You could also opt for promoting your business and connecting with your audience online – or by simply visiting your customers at home. Good window treatment services can earn a good amount of money. So if you have been thinking, ‘what business can I start with 10k?’ then you can give window treatment services a thought!
4. Affiliate Marketing
Affiliate marketing is perhaps one of the best businesses to start with 10k or even with zero money. You can become an affiliate for free – you don’t have to worry about stocking the product or providing the service, shipping, and even the payment process. Instead, for every sale you make, you can obtain a small referral fee.
For your affiliate marketing business to become a success, you need to have a good number of people visiting your website or blog or even social media platform. There are so many companies you can directly get in touch with to earn referrals – you could also opt for popular options like Amazon for kickstarting your affiliate marketing career.
5. Security Business
Security guards are almost always associated with incompetency. So naturally, if you think you can do a better job, you can definitely consider starting a company with the right training and licenses. Of course, you will have to put in a lot of work upfront – from checking various regulations (local, federal, and state) to obtaining your private patrol license, there will be so much to do.
This is one business venture that will always stay relevant, so your investment in terms of both time and money won’t go to waste in the bigger picture. For sustenance and success in this business, you need to build a clean reputation you can depend on – demonstrate that people can trust you and watch your business flourish easily.
6. Real Estate Appraiser
If you have been wondering what would be the best business to start with 10k, then have you given real estate a thought? Yes, the real estate industry was hit hard by the recession in 2008, but the industry has managed to make a comeback – Appraisers can, in fact, do quite well in areas where the industry is booming currently.
Of course, you will require an Appraiser license to start in a majority of states – obtaining this license is more difficult than you are thinking. For instance, you will need two years of training and classes accompanied by 75 hours worth of classwork at the very least. But once you obtain the license and launch your business, there’s no turning back!
7. Hair Styling
While the cost to get through a cosmetology school totally depends on the location you are at and the kind of program you choose, it is quite possible to establish this business within $10,000. Hair styling is something that never goes out of style.
The craze for hair stylists all over the United States remains quite high throughout the year. Yes, reaching that position and getting that level of expertise is something you will have to do a lot of hard work for, but once it is done, there is no looking back. From celebrities to politicians – everyone swears by a good hairstylist. If you get good at what you do, the return on your investment will be worth every penny.
8. Life Coaching
While you may be unaware of it, life coaching is a serious business idea and is gaining serious momentum all across the USA. If you enjoy helping out other people by offering them advice that could help them sort their own lives out and find their passion, you may establish a successful business in life coaching.
Life coaching, if done right, may help you signify yourself as a celebrity as well. Life coaches all around the world are extremely popular and have an extremely lavish lifestyle.
However, you will have to develop certain attributions within yourself in order to reach the stage that you dream of. You have to be a terrific speaker, an empathetic person, and reasonable enough so that your audience can connect with you on a personal level.
If you are still confused about whether this is a good niche to invest in, Smita Das Jain, who is a life coach, left her 7-figure job to pursue her passion. “My initial investment was $7,000, most of which was spent on certifications, affiliations, and establishing a credible interface,” she shared. “I went through my phone book and made a list of all the people within my network who fit my ideal client profile.” While sharing the success of her business, she adds, “My first full year’s business revenue exceeded $ 30,000 and will grow further this year,”
9. Importing And Exporting
An importing and exporting business only involves importing a product from any foreign state and selling it in your country, while exporting is the exact opposite, where you send products from your country to other foreign nations. This is a very promising business and does not require a lot of expertise. The cost to start the business solely depends on the product that you choose to export or import.
For instance, the cost that you might have to pay for importing or exporting coffee will be considerably less than the cost of electronics or other such heavy equipment. If you are starting off with a business with a limited budget, it is better to stick with products that do not have high investment charges.
Frequently Asked Questions (FAQs):
Check out the most frequently asked questions on starting a business with 10k in 2023 mentioned below.
You can start the following businesses with 10k,
1. Online Store,
2. Framing Business,
3. Senior Care Business,
4. Hauling Service,
5. Home Staging Business,
6. Window Treatment Business, and
7. Export-Import Business.
The businesses you can open in 2023 are as follows,
1. E-commerce Store,
3. Online Course,
4. Graphic Designing,
5. Digital Marketing,
6. Cleaning Service,
7. Affiliate Marketing, and
The most profitable businesses of 2023 are as follows,
1. Business Consulting,
2. Cleaning Services,
3. Real Estate,
4. Social Media Management,
5. Online Courses, and
6. Payroll Services.
The best small businesses for 2023 are as follows.
1. Cleaning service,
2. Writing business,
4. Pet Grooming,
5. Aerial Photography, and
And It’s A Wrap!
The thing about starting a business is you can’t just type ‘start a business with 10k’, and it’ll happen. Starting any business will require your time, money, and patience – you will come across tough obstacles too. Whatever does, it is important that you don’t end up losing sight of your vision.
The best business to start with 10k could be any of the ones mentioned above – in some cases, there could be other ideas you want to explore. In the meantime, tell us which business venture appeals to you the most in the comments below!