Starting a business can truly be life-changing. The challenge most people face is that they just don’t know where to begin. It always starts with an idea! This article will go over 20 low-cost business ideas you can start today that can genuinely make $200 fast.
How to Make 200 Dollars Fast: 20 Profitable Business Ideas
1. Create an online course
Online courses are becoming increasingly popular all around the world. They provide an easy and convenient way to learn new things.
You can use platforms such as Udemy to create a course based on what you’re good at, whether that’s playing musical instruments, cooking, or even dancing. Any marketable skill you have can easily be turned into an online course if you’re willing to put in the work.
2. Leverage social media
You could start a social media-based business producing content for other companies, or you could work as a consultant or manager to help businesses manage their accounts. The potential profit and relatively low startup costs make it something worth looking into.
3. Consulting
Consultants help clients solve their problems by providing useful advice. If you’re someone with extensive knowledge of a particular subject then you can start a consulting business and charge $200 per session.
As long as you’re really good at what you do, people will pay up. There are consultants out there who charge as much as $10,000 for a single session.
4. Tech development
As businesses continue to migrate to the internet, there is an increasing demand for digital products and services. If you have a coding background then you may be interested in starting your own tech company, whether for product development or web-based services.
For instance, you could become a web developer, app developer, WordPress website manager, website technician, etc.
5. Start a cleaning business
A cleaning service is a great option for those who have a keen eye for detail and are good at tidying up. It’s a business that can serve many customers and clients with a relatively small investment.
Cleaning services are always in demand, which means that there is always a market for them. You can target small businesses such as gyms, offices, and salons. The more clients you have, the more money you’ll make. Since it’s such a physically demanding job, make sure that you have a small team to help you out.
6. Get into the beauty industry
Beauty is a growing industry and many people can make extra income by using their expertise. Beauty businesses include everything from cosmetic manufacturing to hair dressing.
If you’re great at doing make-up then you can become a mobile make-up artist and go provide your services at your client’s location. With just a few clients you can easily make $200 dollars a day.
7. Graphic design
A graphic design business is a great way to earn a decent income while having creative control over your work. The low startup and ongoing costs make it an ideal online business idea for creative people.
Given how broad the field is, you can specialize in one specific area, such as logos, business cards, brochures and flyers, social media posts, etc.
You can find work through freelancing platforms like Upwork and Fiverr. Check out our comprehensive guide on how to find graphic design clients.
8. Dropshipping
Dropshipping allows you to sell products from a supplier directly to the consumer without having to store inventory.
Whenever you get an order, you simultaneously place an order with the supplier and get the product delivered to the customer. The fact that you don’t need to keep an inventory is what draws a lot of people to this business.
It is quite easy and cheap to start, you just need to have an eCommerce store where people can order the products from, and a partnership with a supplier who handles all the packaging and delivery.
Many people use AliExpress as their supplier since the products on the platforms are often significantly cheaper than you’d find on sites like Amazon.
9. Start a YouTube channel
YouTube is one of the most used platforms for broadcasting and sharing video content online. YouTube channels are very popular thanks to the platform’s innovative monetization strategies.
You could make money through ads, affiliate marketing, sponsored content, Patreon, and many other ways. You don’t even need to have a huge channel with millions of subscribers to make $200 fast on YouTube.
10. Personal training
Personal training is a job that may be a good choice for someone who has a passion for fitness. It’s an affordable, low-investment business idea that has minimal ongoing expenses.
To keep costs low, personal trainers often offer their services in gyms or at their clients’ homes. You don’t really need to own any equipment.
11. Become an event planner
This is a great business to start if you are a good planner and have a keen eye for detail. You can work with clients on events such as weddings to conferences, and even large-scale conventions.
If you’re just starting out it would be advisable to just focus on one niche as you build up your experience.
12. Become a dog walker
A dog walking business has many advantages. You can work remotely. You can set your own work hours. You have the freedom to be your boss. You’re guaranteed repeat clients. It’s a low-cost and very lucrative business idea.
13. Pet-sitting
A pet-sitting company is a great option for animal-loving entrepreneurs who are skilled in pet care. Pet sitters provide short and long-term care to clients’ pets, either in their homes or at the sitter‘s. While some sitters are specialized in a specific animal, such as cats or dogs, others provide a broad range of services.
14. Freelance writing
Freelance writing can be an affordable, low-investment business that can bring you a steady income. It’s a great business idea for those people who’ve just got a way with words, and that can research and write on a broad range of topics.
The barrier to entry is very low. You can easily find work through freelancing websites like Upwork and PeoplePerHour.
15. Catering
You can start a catering business by working from your home kitchen, and then renting a commercial kitchen whenever you have large orders to fulfill.
16. Foreign language translator/instructor
Foreign language skills are in high demand today, which makes translation an excellent home-based business opportunity.
It allows for flexibility and a good work-life balance. If you’re well-versed in multiple languages, you can also offer your services as a language instructor.
17. Become a professional organizer
If you are an organized person then you might want to consider opening a professional organizing business. It’s something that a lot of people struggle with.
Professional organizing is still a new field, but it is growing rapidly. It is also something that can be done anywhere on the planet. You can target busy people such as entrepreneurs, or even small businesses that are understaffed. Your job will be to help keep their offices in order, such as by organizing files in alphabetic order.
18. Airbnb
Many people rent out their entire homes to create passive income. An Airbnb is a great way to make money if you have some free space available in your home, particularly if you live in a desirable location.
19. Beer brewing
Microbrewing and nanobrewing businesses are ideal for college towns and small cities where the locals are supportive of each other. To scale the business, you can even partner up with restaurants and supply them with your beer.
20. Open a rage room
Rage rooms are places where people can break things, kick stuff, hit things…to release stress and frustration, without causing harm to themselves or others. It is a sort of therapy for pent-up anger.
Since there are usually not many rage rooms in any given location, you can be sure that your business will stand out and you’ll make some good money out of it.
