30 Businesses Entrepreneurs Can Start For $5000 Or Less

30 Businesses Entrepreneurs Can Start For $5000 Or Less

HC Staff - May 23, 2023

30 Businesses Entrepreneurs Can Start For $5000 Or Less
Photo Credit: Tim Ferriss

22. A Tim Ferriss-Style Muse

You may not have been aware of the 2007 New York Times bestselling book, The Four Hour Work Week. This was written by Tim Ferriss. It’s sub-titled “Escape 9-5, Live Anywhere, and Join the New Rich.” There are all kinds of excellent productivity advice in this book. The really unique value of this book is the step-by-step, cookbook recipe level-specific instructions. Tim Ferriss gives for starting a small business in no time and with little money that sells some product. He tells you exactly how to come up with the product sell. It goes somewhere in the range of $150 – $1000 in price. For instance, over an eCommerce website, you can set up, and get customers by advertising on Google AdWords.

30 Businesses Entrepreneurs Can Start For $5000 Or Less
Photo Credit: Entrepreneur

You brainstorm a list of products you would like to sell. Ideally, they would be ones you would use yourself and aim for something that can be priced as such. Furthermore, should have the ideal search volume and cost per click on Google’s ad network. The process is ideal as it tests the capability of the business at a little cost. You can build the website and test the business’s viability on Google’s ad network for under $5000. Building the website is easy and cheap. The website can be done by yourself or hire someone to do it for you at a reasonable fee. You can get a freelancer who is a specialized website builder. As Ferriss reported on his blog after the publication of the book, many people created extremely lucrative businesses using this method. The idea is to have your business concept and brainstorm if it’s workable. The internet through Google Adwords has made it possible for small businesses to prosper at little startup costs.

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