Top 10 Six-Figure Businesses You Can Start For Less Than 3k

Below we have rounded up the top 10 small business ideas that can earn 100k plus. If your thinking of starting a business and like the idea of taking home six figures then this list is for you. The entire list comprises of businesses that cost very little to start and yet can earn you a fortune if successful.

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1.Social Media Manager

First up in our list of top 10 small business ideas is social media management. Do you spend your days scrolling through feeds and posting about your life? Do you have a creative eye but also a grasp of numbers? If so then you may very well have what it takes to be a social media manager.

This business involves managing the social accounts of other small businesses, posting, commenting, and interacting with their audience.

Many businesses simply don’t have time to manage their social media presence themselves and are more than happy to outsource this to a freelancer or agency. A drawcard for this business idea is that it cost barely anything to get started.

Business Overview

  • Earning potential as a sole trader – $100 $110k (30 ongoing clients)
  • Cost to set up – $1000 or Under
  • Ongoing Industry-specific tool cost $215 pm
  • Qualification needed – No
Social Media Manager Tools

These are the industry specific tools needed to to be a social media manager, you will need Canva Pro, and Promo Republic’s professional plan.

2.Online Teacher

Next, our list of top 10 small business ideas is becoming an online teacher. This has gained massive popularity in recent years due to the large amounts of money that can be earned from such a business.

The cost of the business is to educate people online about a specific subject you have in-depth knowledge on. There are a few different ways you can do this. This first is through one on one tutoring by zoom or a similar tool, the second is through online group classes, and the third is to build an online course using a dedicated platform like Thinkific.

One of the main advantages of this small business idea is the fact you can scale this pretty quickly. Tutoring a student may only earn you $50-$60 an hour but if your content and knowledge are well received then a course can generate millions in revenue.

Business Overview

  • Earning potential as a sole trader – $100k – $200k with tutoring or group classes,
  • Earning potential with a course – No Limit
  • Cost to set up – $1000 or Under,
  • Ongoing Industry-specific tool cost $60 pm
  • Qualification needed – Yes ( In-depth Knowledge of subject matter )
Social Media Manager Tools

These are the industry specific tools needed to to be an online teacher and decide to build a course Thinkific course creation platform.

3.Graphic / Content Creation

The next business idea is to freelance as a graphic designer and content creator. This service is more in demand than ever due to the sheer volume of business pushing out content online. One of the great things about this small business idea is the versatility and opportunities this can lead to, You can create graphics, illustrations, logos, icons, animations, and much more.

The core service of this business is to create content on behalf of a company to be used online and in physical print. You can also create your own content, such as an icon pack and sell it directly to consumers.

Once again to set up as a graphic design freelance is fairly inexpensive, and due to the nature of digital products this business is also very scalable.

Business Overview

  • Earning potential as a sole trader – $100-$125K (selling your services)
  • Earning potential selling your own digital products – No Limit
  • Cost to set up – $2000 or Under
  • Ongoing Industry-specific tool cost $132 pm
  • Qualification needed – No
Graphic Design Tools

These are the industry specific tools needed to to be a graphic designer / Content Creator, you will need Canva Pro, and Abobe creative cloud.

4.Copy Writer

One of the most overlooked services on our list of top 10 small business ideas is copywriting. This is another in-demand service do to the amount of content being generated by small business these days.

Copywriting involves witting an amount of text for a business to use on customer-facing materials. This may be a product description, about page, brochure, etc. Having this skill also allows you to expand to books and publications should you want to change it up in the future.

This is on the lowest cost businesses to to set up, That being said its not a very scalable business, so the earnings will be capped but you can still make a great living doing it.

Business Overview

  • Earning potential as a sole trader – $100k
  • Cost to set up – $1000 or Under
  • Ongoing Industry-specific tool cost $18 pm
  • Qualification needed – No
Copy Writer Tools

These are the industry specific tools needed to to be a copy writer will need is Grammarly Professional.

5.Cleaning Contractor

Fifth on our list of top 10 small business ideas is to get set up as your own cleaning company. This is another business that you can get started with minimal cost and can earn you 6 figures. There is a couple of direction you can go with this type of service, you can offer residential cleaning, or commercial cleaning, either of which will get you to 100k but the commercial services will require a few more tools.

This business involves the cleaning of homes, offices and commercial spaces, You can charge by the hour or by the job.

Business Overview

  • Earning potential as a sole trader – $100-$110k
  • Cost to set up – $3000 or Under
  • Ongoing Industry-specific tool cost $0 pm
  • Qualification needed – No
Cleaning Business Tools

You do not need any ongoing industry specific tools, but you will need some equipment to get started such as a vacuum, cleaning supplies, mops, etc.

6.Painter

One of the most popular trades based small business idea is to become a painter. The reason for this is you do not need a formal qualification and can earn a really good income doing it. As a painter, you can work in residential, commercial, or industrial spaces, dependant on your preferences.

This business idea is another one that takes very little money to get started, and just like a cleaner, you can charge by the hour or the job. As this is a physical trade, you will not be able to scale the business without hiring more people.

Business Overview

  • Earning potential as a sole trader – $100 $150k
  • Cost to set up – $1000 or Under
  • Ongoing Industry-specific tool cost $0 pm
  • Qualification needed – No ( Skill-based knowledge needed )
Painter Tools

This business does not really need any ongoing key tools, You will need to have a supply of painting materials and equipment such as rollers, masks, and tape.

7.Maintenance Person

Our next on the list of top 10 small business ideas is to get set up as a maintenance person. If you have a natural ability to fix thigs and have experience using a wide range of tools then setting up this business could be for you. As a maintenance person, you can easily earn 6 figures if you have a steady flow of work can target both the business and residential markets.

Running a business as a maintenance person will involve identifying and fixing things that break down in the home, office, or commercial building. This can also be charged by the hour or the job.

Business Overview

  • Earning potential as a sole trader – $100k -$150k
  • Cost to set up – $3000 or Under
  • Ongoing Industry-specific tool cost $0 pm
  • Qualification needed – No
Maintenance Person Tools

Once again this business does not really need any ongoing key tools, You will need to have a good tool set and a supply of common materials such as light bulbs, gaskets, etc.

8.Mobile Car Detailer

Another great small business idea that can earn up to 100k per year is car detailing. This is a space that has become increasingly popular due to a few large Youtube Channels on the subject. As a mobile car detailer, you maintain an edge over the traditional car washes, and in a world where people are becoming increasingly time-poor, it is a great business to operate.

This business is quite simple, you detail peoples cars at the convenience of their home or office. The business has barley any running costs but as it is labour intensive it would be difficult to scale.

Business Overview

  • Earning potential as a sole trader – $100k
  • Cost to set up – $3000 or Under
  • Ongoing Industry-specific tool cost $0 pm
  • Qualification needed – No
Mobile Detailing Tools

No ongoing industry-specific tools needed outside your cleaning equipment and materials. You will need to purchase things such as a carpet cleaner, steam cleaner and other related tools.

9.Consultant

One of the fastest-growing in our top 10 small business ideas is to become a consultant. A consultant is hired by a business to consult on a very specific subject and set of challenges in which they are an expert. A great example of this would be a sales consultant who would be hired to help develop the organisational sales processes.

As a consultant, you will be hired for your expert advice and insight, so it’s crucial you have a veteran in the industry you consult in. Although this is a labour based role, it is actually very scalable as a business as your fee can be anything you want.

Some consultants who are at the top of their field even charge up-words of 10k per day.

Business Overview

  • Earning potential as a sole trader – $100K Plus Depending on expertise.
  • Cost to set up – $1000 or Under
  • Ongoing Industry-specific tool cost $0 pm
  • Qualification needed – No But a deep knowledge of what they consult on.
Consultant Tools

There are no industry specific ongoing tools needed, however many consultants launch their own platforms or courses on websites like Thinkific.

10.Freelance Sales Agent

Last but not least on the list of top 10 small business ideas, is to be a freelance sales agent. This is another popular business model due to the recent rise of high ticket sales companies, but if you can cut through the noise there are actual opportunities with the business model.

the goal of this business is to offer your services to companies with a high-cost product or service and to close deals on behalf of the company whereby the organisation will pay you a profit share in the form of commissions. This model is exactly how the real estate industry works.

Business Overview

  • Earning potential as a sole trader – $100k Plus depending on skill
  • Cost to set up – $1000 or Under
  • Ongoing Industry-specific tool cost $0 pm
  • Qualification needed – No
Sales Agent Tools

The only tool when it comes to this business is knowledge and application of said knowledge. Read, listed, watch and practice. An Audible subscription is the first thing you will need.

And that wraps up our top 10 small business ideas that can earn you six figures. If you starting a business be sure to check out our “how to set up a business” guide for a fantastic resource.

There are of course other sole trader benefits in addition to earning six figures, we advise you way all pro’s and con’s before making any decisions and if needed, speak to a professional.