Not all products needs thousands of dollars to start, and many are there to start their entrepreneur journey with $1000. If you've awesome ideas, kindly share them here.
Let the body of the idea like this : [with example]
Idea Title : RSS Aggregator site for latest machine learning news.
Audience : Machine learning students, research scholars,scientists and some X.
How to start : Launch site in WordPress with any simple RSS aggregator plugin.
Estimated cost to launch: WP Theme - Free / Paid under $50 , Server under $10/M, Any customization / additions ? Hire someone under $250 - $500.
How to monetize ? : Add Job board and invite people to post jobs , promote ads in email list.
Weekly Efforts : 5-10H
Thanks :)
Developing the product yourself means that you're able to put it out there for the cost of hosting and the domain - That's probably about $15 a month tops.
I'm not sure how it can rack up into the thousands.