21. Event Planner
Initial investment: $100 and up
Do you have a knack for putting on events such as birthdays, bridal and baby showers, graduation parties or even weddings? If you love throwing parties, have great communication skills and can multitask like a pro, perhaps you should look into starting an event planning business.
But before you jump in, do your research. Start thinking about possible vendors you'd want to work with, reach out to potential clients and customers, and spend adequate time developing a strong business and marketing plan.
Entrepreneur estimated the low-end of startup costs at about $8,000 — or up to $31,000 if you're renting a storefront. Also, look up certifications you might want to consider getting. You can find various event planning classes and courses online, and some of them cost well over $100 — especially if you take courses at a college or university.
However, if the first step toward launching your business is finding an event planning class for $100 or less, there are deals to be found. For example, Groupon might feature deals on event planning courses or classes in your city.
Next Up: 50 Ways to Make More Money in 2018
Jodi O'Connell contributed to the reporting for this article.