It may be tricky to come up with a great startup idea especially when you used to have a regular full-time position. Every person wants to become a business owner and boost their earning potential. It may seem that all the good ideas for a startup have been taken already.
Besides, not every person has enough savings to launch a startup. In reality, it’s possible to become a successful entrepreneur even with no savings at all. Keep on reading to find out the top 10 businesses you can launch with a payday loan.
Can You Become an Entrepreneur with No Savings?
Thousands of people dream of having their own business. The idea of becoming your own boss is wonderful and tempting. Yet, you may face various obstacles. For instance, if you don’t have enough savings to invest in a future venture. However, the freedom that comes with having our own small business is promising, and almost every person wants to strive for higher income and satisfaction from being an entrepreneur.
Even if you don’t have any savings right now you may take out payday loans Canada no credit check. This is a reasonable option for individuals who need up to $1,000 for their startup idea. It’s quite possible to start a business with this amount of cash that you’ve taken out from a creditor. Just ask yourself what you want to do and what are your plans. The following list of the top startup ideas may help you make the right choice.
Top 10 StartUps To Launch with a Payday Loan
1 Dog Walker
Are you an animal lover? Do you fancy walking and having exercise on a daily basis? It’s a great idea to become a dog walker as do this as a business. All you need is to purchase insurance for pet business which can cost from $200 to $400 per month. The average hourly rate is $13.23 for this profession and you may take as many hours as you want. It may even become your side job.
2 Fashion Stylist
Another great idea is to become a fashion stylist and launch a small fashion business. The average hourly rate for this position is $16.71 while many people earn up to $40. The easiest way to set this business without paying for advertising is to style your friends for the events and parties. Then encourage your friends to spread the word about you and your services. You may only invest in a fashion course to have certification.
Whether you are a student or a stay-at-home mom, you may benefit from becoming a professional photographer if you are interested in this sphere. Think about wonderful events you may be invited to, and beautiful portraits you are going to make.
This is a promising business idea. You will need to purchase the necessary equipment and have a camera to launch this startup. A quick payday loan may help you with this task as the total price of investment won’t be over $1,000. You can earn about $25 an hour being a freelance photographer.
4 Errand Runner
You will be amazed at the number of people who are too busy to run daily errands themselves. You may request a payday loan to obtain additional cash to invest in a small business and open a local errand company. This type of service is widespread and such specialists can earn $12 an hour.
5 Jewelry Maker
Are you good at crafts? If you can make jewelry and want to turn it into a small business you may utilize websites like Etsy. This is a useful platform for selling your goods. You may also get additional funds to invest in equipment and make extra money.
6 Makeup Artist/Hairdresser
Are you fond of making other people beautiful? A wonderful option is to become a hairdresser or a makeup artist. It may become a fruitful business even if you don’t have too many clients right now. Special courses or classes may be necessary to obtain certification and become a specialist in this field. The payday lending option may help you get supplemental money. Your friends and relatives can be your first clients while experienced professionals earn about $17 per hour.
7 Personal Chef
Are you good at cooking? Why don’t you turn your hobby into a promising business? It can be a great startup if you take cooking classes or special chef courses to become a real expert. Your personal cooking business may help you earn $20 an hour for catering and cooking at parties and other events.
8 Personal Trainer
This business idea requires having insurance. So, you will need to spend some money on it. If you don’t have enough savings, a small loan may help you pay for the insurance or obtain the certification of a professional personal trainer. This startup can help you find clients and make about $18 an hour.
9 Design and Sell T-Shirts
You may want to customize regular T-shirts and make print-on-demand products tailored to the needs of your clients. It’s a useful idea for a startup without too much effort or funding as shipping and inventory are paid by the third-party supplier. You can use your skills to make different hats, hoodies, T-shirts, phone cases, etc. Having some certification in design is preferable. This way, you will be able to set higher prices on your services.
10 Sell Print-on-demand Cards/Posters
Those who have artistic skills and invest in a good camera may benefit from this promising business. Make sure you own the rights to any image or content you are going to print. You may take out a loan to buy a camera, a printer, and some postcards or posters. Lots of templates are available online to help you get started.
In conclusion, there are many ways of launching a startup with a payday loan if your personal funds are tight.