7 Bootstrapping Business Ideas On A Budget

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Years upon years of recession made a lot of people lose faith in the economy. Huge corporations could no longer be relied upon to ensure them employment, so the many people have decided to take matters into their own hands. Today, bootstrapping small businesses play a huge part in fueling the global economy. If we were to look at the example of the United States, we would see that small businesses account for about 50% of all U.S. sales and many of them were bootstrapped businesses. 

Bootstrapping business ideas are a dime a dozen, but finding ones that actually work are the key. Here are a 7 unique bootstrap business ideas that could inspire you to join this thriving market. 

1. Open A Craft Store 

People are slowly growing tired of the bland uniformity of branded products. As a result, crafts are once again getting a little more consumer attention. All you’ll need to do, if you want to start a craft-based business is find the one that suits you best. Fortunately, the pool you can choose from is very deep and it includes activities that range from very simple (flower arrangements and making natural cosmetics), to more physically challenging (forging, woodworking, and leatherworking). 

Some items could reasonably sold online through your website, Amazon, or eBay as well if you don't have the bootstrapping resources to open a storefront immediately. 

2. Become A Digital Marketing Freelancer 

Small business owners are too busy running their business and they need help in digital marketing. There are many types of services you can offer such as custom web design, affordable SEO, paid ads management, content writing, and more. 

According to a recent study by Clutch, 58% of businesses without a website plan to build one. Building a custom website for small business owners could be very lucrative. 

Another study by Junto says 93% of online experiences begin with a search engine. If you could optimize a small business website with the right keywords, you could be rewarded handsomely.

3. Repair Smartphones And Computers 

Nearly everyone has smartphones and computers these days so it's really a recession-proof growing marketplace. Repairing mobile phones and personal computers is really not that difficult. Spend a few days researching the topic online and you will already have a pretty good idea what you should do. Of course, you will have to practice a lot before you start repairing. However, once you start bootstrapping your smartphone and computer repair business, finding the right associates and building a reliable supply network should be your priorities. 

4. Start A Boat Detailing Business

A boat requires a lot of maintenance and many boat owners are used to paying big bucks. Boats that are docked even for just a few months will need a thorough hull cleaning. Depending on the type of the boat, cleaning could easily extend to holds, head and even the sleeping quarters. You will be able to find customers in no time. However, before you do that, obtain all the necessary equipment. Once the income starts pouring in, you can invest more money in marketing and bring your business to the next level. 

5. Start A Vintage Shop 

Over the past few years, nostalgia became a very expensive word. You can easily exploit this trend by regularly visiting vintage stores and flea markets, looking for rare nostalgic and vintage items, and reselling those items online. Whether you are going to go for the broad appeal or you are going to focus on some niche market (old DVD's, furniture pieces, vintage clothes, old gaming systems, etc.) is up to you. If everything goes well, you will quickly be in position to upgrade your business with a brick and mortar store

6. Start A Warehouse Business 

Although they are very profitable, most of the small retail businesses share one common problem – they lack proper facilities to store their goods. Opening your own warehouse and renting those businesses a storage space sounds like a very lucrative proposition. 

Of course, you will have to make a substantial upfront investment, rent the facility, acquire forklifts, an elevated work platform and other necessary equipment, but the returns you will soon start to make will more than justify the costs. 

7. Open A Pet Care Center 

This is an easy pick for everyone who loves animals. Starting this job is a relatively easy task. But, before you rent some premise or turn your house into a pet care center, you will first have to earn some money and reputation. The best way to do this would be by offering dog sitting services. However, once you open your center, the possibilities for expansion will be endless. You can hire a professional veterinarian, dog stylist, start a dog breeding program, and even open your own pet shop. Who knows, maybe you can even turn this business into a franchise. 

Bootstrap Your Business On A Budget

As you can see, if you have the right idea, bootstrapping your small business on a budget is not that difficult. A custom software development company can help you build a custom website or application for your business idea within your budget. 

We hope that these 7 bootstrap business ideas will inspire you to enter the waters of entrepreneurship and mark this the year things finally start looking up for lean entrepreneurs. Better get bootstrapping!

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I hope you enjoyed this article about some bootstrapping small business ideas that you can start this year or in the near future with minimal investment or a bootstrapped budget here on My Frugal Business.

Interested in more articles about the best bootstrap business ideas?

Read My Blog Posts:

- 7 Steps To Starting Your DIY Home Business 

- Expanding Your Startup & Franchising

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