Where in the world is it easiest to start a business with $100 or less? And which are these small businesses that you can start with $100 or less?
In today’s post, we explore 6 economically sound countries where you can still start a business with $100 and grow it to become profitable.
Beginning with: –
What in the world is Vietnam famous for?
Vietnam is famous for its beautiful beaches, culture, food, and its friendly people.
On average, a person living in Vietnam earns 4.19 million Vietnamese dongs. This is according to the average monthly income per capita report for 2010-2020 by Statista.
If you ask me, 4.19 million Vietnamese dongs is not a lot of money. It is an average of $182 per month.
So assuming someone in Vietnam has saved $100 from his/her many months of earning in a full-time job, which kind of business would they start with that money?
Top 5 Businesses That You Can Start in Vietnam With $100 or Less
- Invest with Olymp Trade
- Online freelance jobs
- Vegetable farming
- Start a street food business in Vietnam
i. Blogging in Vietnam
Like in any other country in the world, it costs less than $100 to start a blogging business in Vietnam.
All you need is to identify an ideal blogging platform and set it up to begin your business.
Some of the most popular blogging platforms that you can start your business with are: – WordPress.com, WordPress.org, Tumbler, Wix, Medium, Blogger, Squarespace, Ghost, Gator, and constant contact website builder.
In most of these platforms, it is almost free to get started and in others, you will need to pay a domain name fee, hosting fee, and maybe an annual subscription.
ii). Invest with Olymp Trade in Vietnam
Olymp Trade is one of the most popular trading platforms in Vietnam.
Could it be because it offers the best training materials for newbie traders?
Or could it be because it gives new traders $10,000 in demo accounts to use for practice?
Whatever the reason, if you live in Vietnam and haven’t yet created an account in Olymp Trade, you need to create one now.
After creating an account, deposit at least $100 to begin trading on a real account and to earn real money.
iii). Online freelance jobs.
There are more than 10,000 online freelance jobs that you can start in Vietnam in 2024 with no money.
If there is money involved though, you will require not more than $100 for logistics to begin working these online freelance jobs in Vietnam: –
- Data entry – only requires a smartphone or laptop and an internet connection
- Web design – you can launch a career in Web design in Vietnam by bidding for jobs on freelancer.com.
- WordPress – If you are good at WordPress, go ahead and bid for WordPress jobs on Freelancer sites. You’ll only need a laptop and an internet connection to begin.
- Graphic design – This is another online job that you can do in Vietnam in 2024. And it costs less than $100 to buy graphics design software online.
- Illustration – these jobs are just as easy to do as graphics design. In most instances, you will not require more than $100 to set up and begin your business.
iv. Vegetable farming
If you have vacant land in Vietnam and are wondering how to make money from it, consider venturing into vegetable farming.
You can till the land by hand and plant vegetable seeds by yourself.
Before settling for a type of vegetable though, try to find out if there is surplus supply in the market and/or if there is still demand for it.
If the answer is yes go ahead and plant it. If no, move to the next vegetable. Remember, the end game is to make money. And you won’t make as much if there is no demand.
v. start your street food business for less than $100 in Vietnam.
Some of the most popular street foods in Vietnam include – pho, bun cha, xoi, Banh xeo, goi cuon, bun bo Nam bo, Cao Lau, banh mi, and bot Chien.
You can begin selling these foods in the streets of Vietnamese cities to earn a living.
And if you already have a full-time job you can still sell these foods as a side hustle to boost your income.
Despite the unrest in the region, people living in Palestine can still start small businesses in 2024 and make money offering services to the rest of the world.
Some of the small business ideas anyone living in Palestine can start with only $100 include: –
– Start your business around ideas related to mobile app and development
If you live in Palestine in 2024 and have a laptop, an internet connection, and skills in mobile app development, consider starting a career in UI/UX design.
If UX/UI isn’t too close home to you, you can start these other mobile app-related businesses and thrive in Palestine –
a. become an iOS app designer in Palestine.
b. Design iOS apps from home and sell them to the rest of the world.
c. Design social and travel apps for Palestine.
d. Help app designers with the biometric enrollment process.
e. Design and sell food delivery apps.
– Take website design jobs in Palestine.
Other than taking on mobile app and development businesses, you can also become a web designer in Palestine.
Below are some web design ideas that you can make so much money doing. And the best part is you won’t spend more than $100 on either online courses or the internet before you begin making money with these gigs.
If you are wondering where to get these gigs, head over to freelancer.com to create your jobs account.
- Get paid to design eCommerce websites
- Help small businesses make landing pages.
- Help companies with website redesign.
- Make and sell UI/UX for cryptocurrency exchange
- Help new businesses develop their Shopify stores
The list of what you can do as a web designer in Palestine is endless.
The best part, if you already have the skill you’ll only need your laptop and an internet connection to begin making money.
And, other than Freelancer, you can also find freelance jobs on Guru, Upwork, Topal, Crowded, 99Designs, Taskrabbit… you name it.
Remember, the goal is to keep our startup budget to under $100.
– Use Your $100 to Start an Illustration Business in Palestine.
You can use your illustration skills to help salvage the situation in Palestine.
Start your illustration business to share with the world the beauty of Palestine, and the atrocities, or ask for help through your illustration work.
If it helps, you can also create multiple accounts on photo stock sites to sell your work to bloggers and website owners who are interested in posting videos and photos of Palestine.
Some ideas for illustration may include – robotic-style animations, wallpaper illustrations, creating anime characters, designing thriller books, and designing children’s products…. you name it.
Remember, our cost for starting a business is only $100.
For starters, try not to spend so much on expensive software; rather, use the trial or free versions if available.
Mexico is yet another great country where you can start your business with $100 only and thrive.
And it’s not just one specific business, there are over 1,000 small businesses that you can start with $100 in Mexico. Including –
Affiliate marketing is the process by which a marketer (affiliate) earns a commission for marketing another person’s or company’s products.
The affiliate simply searches for a product they enjoy using, then promotes that product and earns a piece of the profit from each sale they make.
The sales are tracked via affiliate links from one website to another.
And while there are thousands of endless ways to promote affiliate products online, the easiest way to it and to stay within the $100 startup budget, is to start a blog.
If you have extra cash afterward, you can invest in social media marketing and Google advertising, you can pay giant relevant sites to guest post and add your affiliate links among other things.
Trade Fixed Time Trades in Olymp Trade.
What is trading?
Trading is the process of predicting changes in currency exchange rates.
If you participate in trading, you become known as a trader.
A trader anticipates that an exchange rate will rise or fall over a certain period.
If the trader is right, s/he makes a profit of up to 90% of the trade amount.
Note: – the minimum deposit in Olymp Trade is $10 and the minimum trade amount is only $1.
Meaning for only $10, you can become a trader and for staking only $1 you can begin earning real money.
But what is FTT and why do people in Mexico prefer it to other forms of trading?
Fixed Time Trade is a transaction with Olymp Trade to determine the exchange rate of an asset over a fixed duration.
As a fixed-time trader, your task is to determine the amount of the trade (for example, $1) and make a forecast, that the rate will go higher or lower from the starting point.
If your prediction is right, you earn up to 92% of your trade amount.
Why should you choose Fixed Time Trades?
Because they are the most lucrative of all financial instruments and they enable you to earn by predicting changes in currency exchange rates.
How can you start trading fixed-time trades in Mexico?
- Register an account – it’s free and you will get $10,000 demo units for training.
- Use the demo account to practice – note, that you can replenish the demo account for free if it gets depleted.
- To begin making real money with your Olymp Trade account, fund it with real money. Since this post is about starting something with $100, make your initial deposit $100.
- Begin trading on the real account to earn real money.
Which small business can you start in Colombia with $100?
Become a tutor.
There are lots of students in Colombia and South America at large in dire need of tutors and their parents are willing to pay handsomely to have them get the best.
If you have teaching skills and can handle kids in elementary schools, high school, or college, go ahead and set up a tutor for the subject you are passionate about.
Funny enough, you do not even require capital to start teaching.
As long as you can get paying parents, you are good to go.
Become a handyman in Colombia.
If you are dexterous enough to make minor household repairs then this is another in-demand business for you in Colombia.
Interestingly, you may not need a coin to start. And, that’s assuming you already have all the tools for the job.
Otherwise, you can use under $100 to buy the most needed tools for your trade and acquire the rest as you continue to get more clients.
Become a logo designer
If you have enough creativity in you then you might want to start a logo-designing business in Colombia in 2024.
You can design anything unique using templates on logo designing websites or even start designing from scratch.
Other than skill though, you need to market your business to get enough clients to sustain your business.
Consider using that $100 to market your business for initial customers.
Can you start a small profitable business in Pakistan with $100?
Here are five small businesses you can start in Pakistan with $100 or less.
Become a photographer in Pakistan
If you have a camera and the skill to take breathtaking photos, go ahead and launch your career as a photographer in Pakistan.
To make money with this business, create an account on Pixabay and sell premium photos for a dollar or less.
You will be amazed how many bloggers can buy to use the same photo on different stories.
Start a business for selling plants.
If you love caring for plants and you live in Pakistan, you can launch your plants for sale business in 2024 grooming and selling young plants.
Amazingly, a Kg. of different seedlings for different plants costs less than $5 and you can sell hundreds of grown plants for double the price making a killing on each cleared stock.
Make and sell crafts in Paristan in 2024.
If you can sell handmade crafts in Pakistan in 2021, go ahead and launch your business on Etsy. You will be surprised how many of those crafts you can sell in 2024.
Recycle scrap metal
If you can collect as many metals in Pakistan in 2024, go ahead and do that. But what for, you ask?
Scarpe those metals and resell them to companies that need them.
Keep in mind though, copper and aluminum sell better.
Write and record songs.
If there is a sound so sweet to the ear, even when you don’t understand what they are singing, it is the sound of Pakistani music.
If you live in Pakistan, know the culture, and can write, go ahead and jot down more of that beautiful music.
We will subscribe to your channel on YouTube.
Why is Malaysia an ideal place to start a business with only $100?
- Stability – Malaysia is considered one of the most politically sound environments in Southeast Asia, offering businesses the stability they need for long-term success.
- Solid infrastructure – Malaysia has excellent infrastructure which is positioned to serve the businesses in the region.
- Well-educated workforce – Thanks to the good education system, foreigners find it easy to communicate with locals as English language ability is common amongst the population.
Which small businesses can you start in Malaysia with $100 or less?
- Mobile carwash business
- Become a tester or a reviewer in Malaysia
- Become a fashion designer
- Sell snacks and drinks
- Become a voice-over artist
- Sell eggs
- Bake bread
- Become an instructor
Anyone can start any small business with $100 or less. It doesn’t matter if you are in the above-listed countries or if you live somewhere in Europe.
With a skill or a talent and only $100 to spend, you can launch your business and become successful.
Take me as an example, I started this blog with $16 only. And I have since grown it to a five-figure income earner.
What’s stopping you?
Launch your business in 2024.