Looking to start a business being leo but not quite sure what to start?
The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.
If you're looking to start your own business being leo, there are several low-capital options you can choose from.
We put a list together below of the most profitable business ideas for leo's you can start today!
Here they are:
1. Start a body wrap salon business
2. Start a custom illustrating business
Many businesses use stock illustrations or images in their commercials. While stock illustrations provide a cheaper option, the visuals aren’t part of the product, so the brand message is diluted.
In a business world where more than 70% of social media and B2B marketers use visuals in their promotions, creating custom illustrations is highly on demand.
Ideally, custom illustration is an essential visual strategy helping businesses use clever, compelling visual content to effectively communicate with the target audience.
With major social media platforms dependent on visuals to create impressions, starting a custom illustrating business can be an opportunity to build a profitable business. Custom illustrations are a visual representation of any text and are considered art for beautifying elements.
To kickstart your custom illustration business, pursue a fine arts certification, where you will learn computer graphics, drawing, and painting skills. Then, identify your style, create a portfolio, then focus on building a client base.
3. Start an event planning business
Event planners handle different tasks related to making the business a success. Some of the event planner’s responsibilities include:
- Conducting research
- Creating the event design
- Finding an ideal site
- Arranging for food, décor, and entertainment
- Planning logistics to and from the event
- Sending invitations
- Supervising at the site etc
To start this business on a budget, begin by honing your organizational and communication skills.
Next, create a detailed business plan outlining your services, target market, and pricing structure.
Utilize free or low-cost online tools for marketing, and consider starting small by offering services for smaller events before expanding your business as you gain experience and resources.
How much you can make: $35,000 — $500,000/month
How long does it take to build: 90 days (?)
Akshay Patel's event rental and decor business, Simply Decor, Tents, and Events, saw an average ticket price of $2,000, as their advertising budget decreased from $20k to $5k, leading to 40% of their clients coming through social media advertising, 30% from expos, and 30% online in google, yahoo, and other platforms.
4. Become a carpenter
Carpentry is the art of working with timber to construct and maintain buildings, furniture, and other wooden products.
To date, carpentry remains one of the oldest skilled trades and a craft with plenty of options for a career. You can start repairing or constructing new carpentry products and selling them to customers online or locally at your workshop.
To become a carpenter, you may obtain basic education and take up an apprenticeship program through commercial and industrial employers or construction unions. An apprenticeship program equips you with essential knowledge and experience so you are better prepared to start your own business.
How much you can make: $1,000 — $18,000/month
How long does it take to build: 365 days (?)
This case study follows Brett Burdick, founder of Brex International, LLC, and the creation of his patented spiral featherboard designed to improve safety and quality in woodworking, which has now generated $18k per month, with 87% of sales coming from Amazon.
5. Start a hair salon
Hair salons offer a wide range of beauty services including hair-cutting, waxing, nail treatment, massages, and complementary care such as aromatherapy.
With the increased demand for high fashion beauty services, starting a hair salon could be a profitable venture.
To start a hair salon, you need a strong business plan and find a niche that attracts a local client base. To succeed, hire knowledgeable and experienced employees, and encourage them to maintain a good customer service culture,
How much you can make: $550,000/month
How long does it take to build: 90 days (?)
This case study follows the founder of Urban Betty, who started her salon business with only one contractor, and now has two locations with over 50 employees, growing from 1.5 million to 3.4 million in revenue from 2014-2018, and investing around 2% of its gross income every year in Yelp, Google, and Facebook Ads.
6. Start a woodworking business
While many see woodworking as a hobby to pass the time, it is a profitable blue-collar business with growth potential. If you are skilled, passionate, and looking for a blue-collar side hustle, consider starting a woodworking business.
Starting a woodworking business allows you to work from home. Besides, you can scale the business easily and enjoy unlimited earning potential. Some opportunities you can go for include building custom wood pieces, teaching others about woodworking, starting a woodworking blog, and flip furniture.
How much you can make: $1,000 — $1,600,000/month
How long does it take to build: 204 days (?)
Time commitment per week: Min. 5 hours/week
Sasha Weekes, owner of Timber Grove Studios, turned her fine arts and cabinetmaking education into a successful home-based woodworking business that grew from a side project to netting 20-50% profits month-to-month and up to $10,000 in sales during peak periods through Etsy, with her company's growth continuing to increase through other social media outlets.
7. Become a graphic designer
Graphic designing involves creating sketch designs and materials for corporate clients, advertising agencies, public relations firms, and publishers. Besides, graphic designers provide visual solutions to specific company images, log design, and branding problems.
Graphic design is an excellent career for creative thinkers who enjoy using their talent and artistic skills combined with technology and communication abilities to come up with unique solutions for their clients.
How much you can make: $8,000 — $81,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 165 days (?)
Draftss.com is a productized graphic design and front-end code service on subscription that made $66k ARR in 2019, has an MRR of $9.6k as of July 2020, and offers add-ons such as designers being added to team in interacting tools and front-end code services on WordPress using various page builders like Elementor and Divi.
8. Start a market researching business
Market research analysts research, compile, and analyze information on products and market conditions. The experts identify potential new markets, sales opportunities, and effective marketing strategies.
The employment of market research analysts is projected to grow rapidly over the coming years.
If you love helping businesses reach strategic decisions to excel and beat the competition, then starting a market research business can be fun and rewarding.
How much you can make: $15,000/month
How long does it take to build: 550 days (?)
This case study is about Abhishek Kumar, the founder of Deep Research, a boutique market research agency that helps startups gather customer insights and guide their product and growth strategies. With revenues consistently growing over the past 10 months, they have achieved their highest revenue of $15,000 last month through continuous service evolution and increased value.
9. Become a public speaker
Motivational speakers share powerful messages based on their life experiences. The focus is on helping others gain life's wisdom and become successful.
If you plan to become a motivational public speaker, learn how you can transition your genuine passion to becoming a professional public speaker who inspires others.
Then, start a social media channel and share your videos widely to go viral.
How much you can make: $7,000 — $200,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 90 days (?)
Founder Dean Bokhari shares how he launched a membership platform focused on self-improvement, generating over $100,000 per month in revenue, attracting customers via high-quality content, guest blogging and Facebook ads, with plans to grow to $1,000,000 per month over the next 3-5 years.
10. Start a dance studio
The dance studio business idea involves providing a space for people to learn and practice various dance styles, such as ballet, jazz, hip-hop, and salsa. To start this business, you will need a space to hold classes, essential equipment, and instructors. You must schedule classes, advertise the business, manage finances, and create a positive student experience to operate it.
How much you can make: $8,400 — $40,000/month
How long does it take to build: 912 days (?)
11. Start an online advertising agency
An online advertising agency helps businesses promote their products or services on the internet.
To start this business on a budget, first learn the basics of digital marketing through free online resources.
Create a professional website and set up profiles on social media platforms to showcase your skills.
Build a portfolio by working on mock campaigns or offering discounted services to friends and family, and gradually market your services to attract clients.
With dedication, you can grow your agency over time.
How much you can make: $2,797 — $1,250,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 45 days (?)
Fantôm Agency founder Luis Camacho shares how he built his digital advertising agency from scratch, focusing on helping mid-to-late stage SaaS companies scale through paid advertising channels and generating around $8,600 per month without significant overhead costs.
12. Start a freelance writing business
Freelance writing can be a good career choice if you are looking for a flexible online job.
Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,
To earn good money as a freelance writer, you need the following personal qualities:
- Strong writing skills
- Ability to meet deadlines
- Stay on the cutting edge
- Be a self-starter
- Be up-to-date with the current writing tools & writing trends
- Proper communication skills
How much you can make: $700 — $320,000/month
How much does it cost to start: $400 (?)
How long does it take to build: 53 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
13. Start a beauty parlour business
A beauty parlor business offers various services, including haircuts, styling, coloring, makeup application, and other beauty treatments. To start a beauty parlor business, you will need a space to operate out of, typically a salon or storefront. You will also need various equipment and supplies, including styling chairs, shampoo stations, mirrors, styling products, and makeup.
For the success of a beauty parlor business, it is essential to have a team of experienced and skilled stylists and beauty professionals. It is also crucial to have a strong marketing strategy in place to attract and retain customers. The marketing strategy can include advertising through social media, local events, and word-of-mouth referrals.
Offering high-quality services and maintaining a clean and welcoming atmosphere is vital to returning customers. It is also essential to stay up-to-date on the latest trends and techniques in the beauty industry to offer the most current services to your clients.
Overall, a beauty parlor business can be a rewarding and lucrative venture for those passionate about the beauty industry and provide excellent customer service.
14. Become a music tutor
Are you passionate about music or looking for a profitable coaching business? How about becoming a music tutor?
To start a music coaching business, decide your target audience and location and set your rates. For example, you can meet new students through a community event, online, or a music club, or target the local community. Set rates for your music classes and advertise your business to get as many clients as possible.
How much you can make: $30,000 — $70,000/month
How much does it cost to start: $5,035 (?)
How long does it take to build: 160 days (?)
Piano In 21 Days built a low pressure and flexible online piano course, bringing in 5 figures every month while allowing the founder to spend time on other interests and family while its profitable business runs itself.
15. Start a jewelry making business
The global jewelry market size was valued at $278B in 2018 and is expected to reach $292B by 2025.
The industry comprises manufacturers, wholesalers, retailers, and jewelry designers. Unlike many other industries that have gone through leaps in technology, the jewelry industry has remained untouched for over 40 years.
If you know how to make jewelry, then this might be a great way to make some extra money.
How much you can make: $1,000 — $2,000,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 120 days (?)
Miami-based sisters launch a handmade flower and resin jewelry business in 2017, selling over 5,000 products and earning $65,000 in revenue within one year on Etsy alone, using social media and SEO to attract and retain customers.
16. Become a public relations rep
So, have you ever thought about starting your own public relations representative business? This business idea involves helping organizations and individuals improve their public image and reputation through various communication strategies and tactics.
You’ll need a strong understanding of public relations principles and techniques and excellent communication and interpersonal skills. You’ll also need to be well-versed in social media and other digital marketing platforms, as these are vital channels for reaching and engaging with audiences.
To operate your business, you’ll work with clients to identify their public relations goals and create a customized plan to achieve them. Working with clients involves creating press releases, organizing media events, managing social media accounts, or crafting messaging and branding strategies. You’ll also need to adapt to changing circumstances and respond proactively to potential public relations issues.
Starting a public relations representative business can be a rewarding and exciting opportunity for those with a passion for public relations and a desire to help organizations and individuals enhance their public image.
How much you can make: $33,500/month
Case study: Christina Nicholson built her PR agency, Media Maven, from scratch and now generates an impressive $33,500 in monthly revenue. By leveraging her background in journalism and utilizing strategic content creation and media exposure, she attracts clients who already know, like, and trust her without the need for a dedicated sales team.
17. Become a nutritionist
As individuals seek to adopt healthier lifestyles, there is an increasing demand for professional nutritionists who can offer tailored advice.
A nutritionist offers personalized nutrition advice and guidance to individuals or groups, helping them achieve their health and wellness goals through dietary recommendations and education.
This may include creating meal plans, conducting assessments, and providing ongoing support to clients seeking to improve their nutritional habits.
To become a nutritionist, consider obtaining relevant certifications and gaining practical experience through internships or supervised practice.
How much you can make: $600 — $500,000/month
How much does it cost to start: $300 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 3 hours/week
RDRx Nutrition is a successful private practice that offers individual nutrition coaching, boasting profits of $1,800-$2,100 per month after just one year of business, and achieving a client base of over 2200 followers on Instagram alone.
18. Become a ballroom dance coaching business
Ballroom dance coaching is a business opportunity that teaches individuals or groups how to dance various ballroom dance styles, such as waltz, tango, and foxtrot. The business may be run out of a studio or gym, or the coach may travel to clients’ homes or event venues to provide lessons.
As a ballroom dance coach, you will need to understand the techniques and steps involved in various ballroom dance styles and the ability to teach them to others effectively. You may also need to choreograph routines for clients who are preparing for competitions or performances.
To run a successful ballroom dance coaching business, it’s important to market your services effectively and build a strong reputation in your community. This may involve networking with local dance schools or event planners or promoting your services through social media and online directories. It’s also essential to set clear policies and expectations with clients, including cancellation policies and payment terms.
In addition to providing dance lessons, you may also want to consider offering dance-themed events or workshops, such as dance-themed parties or dance fitness classes. This can help diversify your income streams and attract a broader range of clients.
Running a ballroom dance coaching business can be a rewarding and fulfilling opportunity for entrepreneurs with a passion for dance and teaching. With the right marketing strategies and dedication to customer service, you can build a successful business that helps your clients learn and grow through the art of dance.
19. Start a day spa business
A luxury day spa offers skin and body care, hair removal, makeup, and other body pampering treatments.
Luxury day spas have boomed over the past few years, and the trend will not stop anytime soon. Millions of people worldwide schedule to visit a day spa where they can relax, feel pampered and unwind. If you love helping people relax, starting a luxury day spa can be a rewarding business. It is fun and profitable if you have a good business plan and find an excellent location for your spa.
How much you can make: $250,000 — $275,000/month
How long does it take to build: 180 days (?)
ZZ Day Spa, founded by Gary Oberoi, went from $30,000 to $240,000 in monthly revenue within three years in New York as they aim to become the most customer-centric day spa in the world through hiring the right people and providing an unforgettable experience while mastering digital marketing to attract clients.
21. Start a life coaching business
Life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.
Life coaching is a popular industry worth over $2.85 billion, and the number of life coaches has increased by 33% between 2015-2019.
This is a very profitable business and can be started at virtually no cost. You’ll need a computer, a high-speed Internet connection, and a LinkedIn account to start. Then, you can begin coaching part-time in your spare time until you build up your clientele.
How much you can make: $100 — $660,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
22. Become a mobile DJ
Mobile DJ carries their DJ kit with them and entertains clients at weddings, birthdays, and corporate parties or events. There is plenty of demand for mobile DJs, and customers will pay well to be entertained at their premises or parties.
To become a mobile DJ, first, learn the art of DJing, specifically how to DJ open-format style. If you are a beginner, enroll in online classes where you will learn the best DJing practices.
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