7 Most Profitable Businesses With Low Startup Costs In 2020

7.Start a Blog

Although there are millions of blogs in the universe, you stand a chance of generating thousands of dollars monthly on your blog if done the right way. And it doesn’t require an arm to set up or run – with less than $100, you can set up your personal blog and grow it into a money-making machine. To begin, you must purchase a good domain name for about $10 and buy hosting for about $25, you can install a premium theme with about $49 and then get it fully customized and rigged up for about $30 more.

While you can blog profitably about any topics under the sun, it is best to blog about things you’re passionate about. You can post your content yourself or get someone to write for you. You must find a way to monetize your website through Google Adsense, affiliate marketing, sponsored posts, paid reviews, product/service sales, and even direct advertising. The more your website grows in popularity, the more the money comes flowing in; but this may not be instant, it may take up to six months or even two years before people/businesses begin to approach you. With luck, you may earn $400 to $1,000 monthly at the minimum and upwards of $10,000 over the years.

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