Currently set to Index
Currently set to Follow

17 Best Business To Start With $20K-Get The Biggest Bang For Your Buck

December 3, 2021

Life doesn't offer any guarantees.

And for an entrepreneur there are even fewer 'sure things'.

But don't let that dissuade you.

If you have the passion.

The determination and drive anything is possible.

But what is the best business to start with $20k?

A venture with low overhead.

A business that will generate impressive profit margins?

We've done some digging.

And come up with 17 of the best business to start with $20k suggestions.

Proposals that are are as close to a 'sure thing' as a startup can be.

But before we get after it, let me give you the inside scoop on my story.

Allow me to reintroduce myself... My name is Ippei...

Hi, my name is Ippei.

Product of the societal norm.

Finish college.

Get a job.

It sucked.

I was stuck in a dead-end position.

Barely making ends meet.

But I had the passion.

I had the drive.

And that determination is what helped me find this course that changed my life.

I was willing to lean in and do the hard work.

And because of this business model, I was taught everything I needed to work from home.

Building & ranking websites that generate leads for small businesses.

That tree service site above has been making me $2000 per month since 2015.

IMO this biz model is one of the best opportunities on the internet.

And I'm going to show you why.

1. Coding Instruction For Kids

They don't teach it in school.

But parents wish they did.

Coding is one of the hot new trends for business startup hopefuls.

The cost of owning a mobile franchise is between $81,000-$118,000.

But no worries.

You can create your own coding boot camp for kids for significantly less.

Offer your version of a mobile or online academy.

Or be a mentor/tutor.

Download videos, offer face-to-face instruction or do live Zoom classes.

And as you build your clientele, you can consider scaling your business.

A few of the popular trends in coding include things outlined in this post like:

Improving Children's Skills & Learning Abilities

Teaches Programming Languages For Apps, Websites & Other Technologies

Creates A Strong Foundation For Self-Expression

Enhances Logical Thinking

You can offer pre-level to high-level coding in all kinds of language types.

Think Java, HTML, Python, Ruby, etc.

But you'll need to offer a high-end curriculum to circumvent a competitive landscape.

Parents are willing to pay big bucks for coding camps, classes, and coaching.

$70+/hour for a mentor as per this article.

The demand for coding isn't slowing down as per this publication.

Parents want their children to be given every opportunity to succeed.

Making this suggestion the ideal recipe for lucrative ROIs.

Plus, this is a great option for those looking to start a business from home.

Check out this post for pointers on how to get into coding instruction for kids.

2. Medical Courier Service

It brings in $90 billion in revenue.

More than $300 billion in profits.

Growing at an annual rate of 3%-6.5%.

Medical couriers are in high demand.

The population continues to age.

And the pandemic rolls on.

Making this an idea worth consideration.

The key to financial success?

Get your business directly from the company and act as a third-party distributor.

Niching down your distribution business can be extremely profitable.

Think pharmacies-medical device companies-etc.

The healthcare system continues to expand.

And so does the need for medical couriers as evidenced in this post.

A few niche ideas include things outlined in this article like:

Medical Courier Niches:
  • Pharmaceuticals & Patient Records

  • Patient Records & X-Rays

  • Lab Specimens & Blood

  • Vaccines & Equipment

You need reliable transportation.

The necessary equipment.

Exemplary time management skills.

And an ability to service your clientele 24/7.

Startup costs will vary.

Dependent on the mode of transportation and any required specialized equipment.

But if you're interested in learning more.

Check out this post.

3. Home Care Service

Home care services.

Not home health care.

The difference is in the services you deliver.

The aging population is growing at 35% between 2010-2050, as per this post

These stats make now the ideal time to launch this best business to start with $20k.

There's a shift for seniors to remain in their homes as long as possible.

And that brings a multitude of opportunities.

Services outlined in this article like:

Errands & Delivery

Household Chores & Property Maintenance

Personal Care & Companionship

Transportation & Meal Prep

Plan on an initial investment of at least $1000 if you're doing a solo act.

More if you intend to hire staff and scale your agency.

Things to consider are:

  • Marketing
  • Licensing
  • Competition
  • Retaining clientele

This publication gives a breakdown and additional information on how to start a home health care agency.

4. Senior Transition Business

The US Census Bureau reports that by 2030 about 20% of the population will be 65 or older.

Many of these will be empty nesters looking to downsize or relocate.

Or be forced to find senior living accommodation as per this article.

Not always an easy feat.

One reason why starting a senior transition business is such a lucrative opportunity.

Seniors and their families often need assistance.

Help putting the pieces of the puzzle together.

By targeting a specific niche, you've identified your target market.

And your services could include suggestions found in this post like:

Senior Transition Service Duties:
  • Find New Accommodation & A Reliable Moving Company

  • Downsizing & Organizing Service Providers (painters-cleaners-etc.)

  • Disconnecting Or Relocating Services (internet, hydro, etc.)

  • Packing & Unpacking

A business venture you can start for $20,000 or less.

Depending on how large you want to scale and how many staff you retain.

Will you lease office space?

A van to perform the moving service in-house?

You will need insurance and ad spend.

But if you're interested in learning more this article offers a comprehensive Q&A on starting a senior transition business.

5. Professional Organizer

Ever catch an episode of TLCs Hoarders?

If you've seen it, you know, people have too much stuff.

Those episodes showcase the extreme.

But professional organizers continue to experience increased demand, as evidenced in this publication.

Minimalism is growing in popularity.

And people are looking to unload.

You can only have so many candles, ya know?

Or at the very least circumvent the accumulation of too much stuff.

Enter the professional organizer.

This is different from starting your own cleaning business.

But what do they actually do?

What assistance can you provide?

Services found in this post.

Things like:

 1

Teach Organization Skills & Implement Systems

 3

Clean & Utilize Space To Its Fullest Potential

 2

Automate For Effective Time Management

4

Downsize & Organize

You need to be organized and able to think analytically.

Calm and unflappable.

You also need to build a client base.

Use social media and a website.

Market yourself and construct a portfolio of before and after photos.

Consider securing certification.

Accreditation will run you between $350-$1000+ that you can learn more about here.

But these certs will set you apart.

And inevitably give you the ability to charge top dollar for your services.

This publication provides additional information on starting a professional organizer agency.

6. Rideshare Driver

Projected to grow at a CAGR of 19.87% between 2018-2025.

Headed to a market size of $218 billion as per this post.

Ridesharing is a booming business.

But it all comes down to convenience.

So what's driving the market?

Things outlined in this article like:

  • Convenient & Economical

  • Environmentally Friendly & A Cultural Shift

  • Rising Urbanization & A Decrease In Vehicle Ownership

Taxies aren't your adversaries.

It's existing companies like Uber and Lyft that you're going to need to outplay.

App development and marketing will be a catalyst to your success.

Your App needs to offer a seamless experience for users in real-time.

And the service you provide has to be stellar if you hope to gain traction in this competitive playing field.

Figure on coughing up an initial investment of $10,000-$20,000+.

This will get your business off the ground as per this post.

Your primary cost is the development of the App.

But you will also need:

  • Insurance
  • A reliable vehicle
  • Additional drivers
  • A solid marketing campaign.

Check out this article for an a-z guide on starting a rideshare company.

7. Translation Service

Fluent in a second language?

Have excellent grammar skills?

Known for your attention to detail?

Want to get in on an industry slated to see a 21% annual increase in 2021?

Then it's time to consider launching a translation service agency.

You can start as a freelancer and work remotely.

Or hire staff and lease office space.

Either way, the initial investment costs are relatively low.

And easily align with your best business to start with $20k budget.

Several industries depend on the skill and expertise of translation services.

A few listed in this article include:

01

Medical & Healthcare

02

Legal & Financial

03

Entertainment & Tourism

Professionalism and confidentiality go hand in hand with this suggestion.

As does accuracy and the ability to adhere to deadlines.

If you have the skills, this is one recommendation that will deliver impressive profit margins as per this pricing chart.

This article offers additional information you might find helpful on getting started.

8. Transcription Agency

Despite a digital and automated world, there is still a demand for the human touch.

Transcription is a vital service for many industries.

And currently expected to see annual growth rates of 6.1% from 2020-2027 as per this publication.

It requires a well-trained ear.

Fast typing skills.

And an ability to work under pressure.

Accuracy is non-negotiable.

But this best business to start with $20k offers substantial ROIs as evidenced in this article.

Start-up costs are around $1000-$20,000.

But it will depend on the size of your agency.

Whether you work remotely-have a team-or an actual office building.

In-demand transcription niches include things outlined in this post like:

  • Academic & Business
  • Medical & Legal
  • Conference & Interview

Another trend emerging is a call for multilingual speakers.

People to tackle website information for alternate markets.

Sure there's Google Translate.

But it often falls short compared to human delivery.

If you're interested.

Think you have the skillset for this recommendation.

Check out this post giving an analysis on how to start a transcription agency.

9. Online Reseller

Who doesn't love a deal?

Reselling isn't dropshipping.

And it's not really e-commerce in the traditional sense either.

What it is is an opportunity.

A chance to make some real cash selling items you purchase for cheap.

Think sites like Poshmark or Mercari.

But build your own.

The online shopping and online boutique market continues to explode.

2020 saw an increase of 44% as per this article.

And it looks like 2021 intends to follow suit.

You'll need your reseller's license, which you can learn more about here.

A few of the hot ticket items for resale in 2021 include things like:

Shoes & Vintage Electronics

Video Games & Collectible Toys

Brand Name Clothes & Accessories

It's a lot about the brand name, as evidenced in this article.

Hit up garage sales-flea markets-vintage stores-etc.

It takes work and persistence.

But once you build up stock, you are up and running.

Take stellar images.

Write captivating descriptions.

And offer your customer's a deal.

Marketing will be crucial.

And so will trust.

But you can set up a medium-size store for $10,000-$20,000 as per this post.

Which is far cheaper than starting your own clothing line.

10. Instagram Consulting & Management Agency

It's the third most visited website.

And has 500 million users daily as per this post.

Instagram may be fighting the good fight with Tik Tok atm.

Especially now that Instagram has stated that it isn't strictly a photography app anymore.

But for business owners, it is still a fundamental component of marketing and advertising.

The problem?

It takes time and energy to build up your brand.

Create followers and captivate an audience.

Time that many biz owners don't have.

And a platform that they don't fully understand.

If you get the nuances of Instagram engagement.

And have the proof to back up your claims.

Why not consider becoming an Instagram consultant and management agency?

Offer services like the ones in this post which include:

Strategy & Engagement

Content Curation & Posting Content

Analytics & Advertising

If it's just you, you're looking at $1000+ to start.

Want to scale?

Plan on an investment of $10,000-$20,000.

This should cover costs of leased office space, equipment, salaries, etc.

This article discusses how to start a social media consulting business.

But the premise is pretty much the same.

And it offers some solid tips on moving forward.

11. App Developer

Like to code?

Got an idea for an undeveloped App?

This best business to start with $20k could be a goldmine if you've got the skills.

Or are willing to learn with courses like this.

You can build an App for $10,000.

Or go gangbusters and spend more like $100,000.

But it can be done for $20,000 as per this post.

You can build your own App or one for an existing company.

But with the introduction of 5G.

Demand for automation and smart technology.

If you can build an App, you will earn generous compensation.

A few of the current fads listed in this post include things like:

1

Managing Events & Virtual Classes

2

Remote Healthcare & Restaurant Booking

3

Nearby Deals & Finding Parking Spaces

You'll need the right software.

And time.

But if you're up for the challenge check out this article.

12. Personal Shopper

Personal shoppers are no longer just for the elite and the fashion forwards.

Born out of necessity more than convenience.

This delivery diversification system is here to stay as per this article.

The pandemic has resulted in people unable-or unwilling to leave their homes.

Think companies like Instacart-but independents.

The fashionistas will always need you.

But 2021 has given personal shoppers more clientele options.

You'll need a website and a killer marketing campaign.

Advertise and build your client base.

Potential customers include ones listed in this post like:

Boutiques & Personal Stylists

Fashionista's & Wealthy Individuals

Elderly & Home-Bound People

You can start as a one-person show.

And scale as you build your reputation.

A venture that fits easily into the best business to start with $20k target.

Plan on investing $1000-$20,000 depending on the size of your agency.

This publication offers additional information on how to become a personal shopper.

13.Eco-Consulting Firm

Eco-consulting is a $15.8 billion industry as per this post.

Home and business owners are more determined now than ever to minimize their footprints.

Make the necessary change to a greener, more sustainable home, biz, and world.

One reason why there is an ever-growing demand for eco and sustainability consultants.

People who have the educational background.

Strategies to help implement real change.

Individuals who understand what it takes to run an eco-consulting firm.

From more energy efficient to reducing carbon footprints.

Saving money and doing their part.

There are a few trends shaping sustainability and eco-conscious individuals in 2021.

Ideas outlined in this article including things like:

  • Fossils Fuels & Coal Are Out

  • Remote & Work From Home is Here To Stay

  • A More Climate-Conscious Belt & Road Initiatives

  • Tourism Reset

Plan on an initial investment of $10,000-$20,000.

This will get your business off the ground as per this article.

Reduce costs by working from home. 

Hire remote workers until you have a solid client base and grow from there.

Check out this post for tips on how to start your business.

14. SEO Agency

It's a $46.6 billion global market.

And it's going to see a CAGR of 8.1% in 2021 as per this post.

SEO.

If you understand site audits.

Backlinks-citations-keyword research.

And a host of other techniques.

All utilized to rank websites on Google you are in high demand.

A skillset that eludes many.

Confirming that starting an SEO agency is not only a lucrative business endeavor.

But promises sweet profit margins.

Niche selection is crucial.

And customers interested in your services will vary.

But a few tried and true as per this post include things like:

Local SEO & Small Businesses

E-Commerce & Publications

Size and how many people you have working for, you will determine investment costs.

But you should plan on $1000-$20,000.

Want to learn more about this best business to start with $20k?

Check out this post for an in-depth breakdown of what it takes to open an SEO agency.

15. WordPress Support Service

WordPress dominates 40% of all websites.

That's a third of the web as per this publication.

The problem?

Unless you take the time to learn.

Or you are one of the lucky ones that understand coding and plugins.

It is tough to keep your site optimized and current.

And why many business owners turn to professional services for support, edits, and builds.

A few services to consider for WordPress support and service include things like:

Regular Updates To Themes & Plugins

Core Software Management

Hosting & SSL Certificates

Or consider offering full-stack services and becoming a WordPress developer.

The difference is a matter of feast versus famine.

As a support service you have client retention.

But with development, you stand to earn lucrative payouts for site builds.

This article outlines a few options regarding WordPress support and development.

16. Website Design & Development Firm

Growing at a CAGR of 8% from 2019-2029 as per this publication.

Revenues of over $40 billion according to this post.

Web design and development have the potential to bring in big bucks.

Think about it.

Everything is online.

If companies don't have a website-they needed one-like yesterday.

And for those that have sites that are outdated or not performing well.

They need a facelift.

From web dev to design, DevOps, and cloud computing.

There is money on the table with this best business to start with $20k suggestion.

A few trends shaping the terrain in 2021 as per this article include things like:

  • No & Low Code & AI

  • Voice Search & Cybersecurity

  • Cloud Computing & IoT

  • Process Customization & API-First Development

You need to know what you're doing.

Or be willing to hire people that do.

But initial costs and overhead are well below your $20k spend.

Here's an article outlining the steps to becoming a web developer

Interested in the design side of it?

Then check out this post.

IMO The Best Biz Opportunity On The Internet

Lead Generation

Exciting times.

Going out on your own is a heavyweight decision.

But one often riddled with doubt.

Sleepless nights-anticipation-and apprehension.

Will you be successful?

Is your business model on point?

I remember having these thoughts before I found this online training program.

But when I checked it out I realized that nothing even came close to this business model.

This course offered as close to a 'sure thing' as it gets.

Let's back up for a sec.

This program offers more than an opportunity.

It teaches you everything you need to know to build and rank websites.

Websites that you get to the top of the Google search engines.

And generate leads for local businesses.

Let me show you what I mean.

This is one of my first lead gen sites.

I built this tree site in 2015 and have been making $2000/month for the last six years.

And all I did was follow the training.

You've got over 400 niches to choose from.

Anywhere in the world.

And you can build as many sites as you like.

That's the beauty of this training.

No limits-no ceiling-no restrictions.

That tree site is only one of 80 lead gen properties I currently own.

And I'm not done yet.

Growing my legacy one site at a time just like it's taught in this online program.

And the money?

It's rolling in month after month.

Think of it like this.

Your lead gen properties are like digital real estate.

Websites you own that generate leads.

Local business owners want those leads.

And they’re willing to pay for them.

Commission-rev share-flat fee-arbitrage-whatever.

The sites belong to you.

So do the leads.

You call the shots.

And all you need to do is follow the training.

Don't get me wrong.

This isn't a 'get rich quick scheme'.

You need to do the hard work.

Follow the training just like it's laid out.

And trust the process.

But I can tell you that this course is so detailed.

You don't need to be a web dev or SEO legend.

You don't need a background in coding or web design.

All you need to do is be willing to lean in.

Level up and follow the program.

Just like it's taught by the guy who created it.

Dude by the name of Dan.

He's spent over ten years perfecting this business model.

Adding content-updates and ongoing value.

From live streams twice a week to new software options and members-only events.

Everything the nearly 7000 students need to be successful with lead generation.

He also shares an exclusive Facebook group.

A place where students come together.

Ask questions.

Share wins and discuss failed attempts.

A group of like-minded people.

All on an entrepreneurial quest with lead generation.

People of all walks of life.

Some with a ton of relevant experience.

Others complete noobs.

From countries around the world.

All with one commonality.

They took this course and trusted the process.

They were willing to step up.

Work hard and achieve financial freedom with lead generation.

Call the shots and be the boss.

Interested?

Have questions about this one of a kind training program?

Want to learn more?

If you think you have what it takes.

Are willing to commit.

Build your legacy with lead generation.

Then click the link below and schedule a call today.

Finding the best business to start with $20k can be a daunting task.

But if you have the vision.

Tenacity and hunger.

You can be successful in your endeavor.

And maybe this list of the 17 best business to start with $20k can help you make a decision.

If you have a suggestion that didn't make the list.

An idea for a business startup.

Please don't hesitate to leave it in the comment section below.

Follow Me
Ippei Kanehara
Founder/CEO

$52K per month providing lead generation services to small businesses

Ippei.com is for digital hustlers, industry leaders and online business owners.

His #1 online business recommendation in 2024, is to build your own lead generation business.

Leave a Reply

Your email address will not be published.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}