Everyone dreams of being their own boss. Many people want to start their own business but unfortunately don’t because they think it’s just not affordable. These days, for starting an online business based on services $100 dollars is enough. Later you can grow it further when you start building capital. However, it will require you to put in a lot of your precious time. Even though it is time consuming, it is worth the fruits its bears later on.
What is great is that there are a lot of cheap services these days, which will assist you in building up your business from scratch. All you have to do is take advantage of them. Among many other things here is one example that comes to my mind and it’s actually what I did too:
- Get a domain name from Name Cheap for $9
- Get a domain hosting from Hostgator for $6
- PayPal account to receive payments for 0 – 2.9% + fees on payment received
- Genesis WordPress theme for $80
- E-junkie account to sell digital products for $5
All that amounts up to $100.
Your biggest investment would be learning how to build things up. You will need to give yourself some time to get insight into selling, online marketing and influence. After you get your initial feedback, make a commitment to improve regularly. You can figure out one or two actions every day that you think you can further develop even if they are really small actions.
A drop shipped online store
Drops shipper is the cheapest company compared to most who stocks and ships products for you. When your customer makes the payment to you, you can keep a part of it yourself and give away the rest to drop shippers. Order is given to the vendor and vendor ships the order to the customer. This way the business owner does not have to carry any inventory which saves him a lot of time.
Make use of free website hosting companies
To promote your products and services you can use a free website hosting company who can make a website for you. Many of free hosting companies will also offer you the privilege of site builders whom you can use to create a website. You can use E-commerce site such as Yahoo’s Merchant Solutions with $40 per month or E-commerce sites at Netfirms with only $15 per month. They can take care of your e-commerce transactions, provide security and process credit card.
Advertising at home
You can make brochures, fliers and business cards at home too. You can ask friends and family to find a customer for you. Word of mouth can help you make your first sale.
Become an entrepreneur with a small out-of-pocket investment!