Startup Ideas That Cost Little to No Money

Having our own business is something that many of us have been dreaming of. Unfortunately, there were always obstacles that kept us from fulfilling this dream in the past, with money being a major hindrance. These days, starting a business has actually gotten much easier and a lot of it is thanks to the internet, which acts as an effective equalizer.

Today, we’ll be talking about some of the best startup ideas that will cost you little to no money. Some of these you might already be aware of, but others are likely going to surprise you.

Online Retail

The online retail scene might seem crowded, which doesn’t leave much room for startups to squeeze in. However, this isn’t necessarily the case, provided you know the right approach. In a world dominated by the Amazons and the eBays, there is still room for specialized, targeted online businesses.

You basically need to create an especially niche startup that only needs to target a small portion of the traffic surfing the web on a daily basis. Even this small portion can still net you hundreds of thousands of potential customers. After that, it’s just a matter of choosing what niche product or service you are going to offer.

If you need sample items to base your products on, it’s best to get them for cheap to avoid burning through your cash. You could also travel to exotic locations if you want to sell more unique products to your equally eccentric clientele. You can read more on Ctrip deals and others on that subject to save on travel expenses. There are plenty of resources available to give you the information you need.

Virtual Assistance

Have you ever wanted to provide personal assistant services to multiple clients but from the comfort of your own home? Just as you can run a home-based bookkeeping business, you could also run a virtual assistant business, if you want to. Now, as is the case with a lot of the most successful startup businesses, this concept might seem odd at first but hang in there.

The idea is simple; provide virtual assistant services to a number of clients from all corners of the country or even the globe. You can have multiple clients, if you are willing to put in the time. Once you’ve gotten the hang of it, you could then hire other people to offer the same services. Before you know it, you can have a thriving service-oriented business with both local and remote employees.

Specialized Travel Booking

Travel and tour agencies have been around for years, so this may seem like an odd choice, but there are still opportunities in the industry that you can tap into. Instead of focusing on just general travel booking services, choosing a specialty can open new doors for you.

For example, your travel booking service could be all about finding the very best rates from other, more established travel booking companies. Instead of customers slogging through the numerous other travel agencies in the market, online or otherwise, you can find them the best deals that they could are available.

This could come in the form of the cheapest tickets, bundling great services together such as car rentals and hotel rooms, or appealing packages that include tours and special museum rates. You can always look for Klook deals, for example, or other types of specialized services.

Online Marketing

You may or may not know this, but the internet has a thriving marketing ecosystem. Major search engines like Google and Bing, and even social media networks like Facebook and Twitter all depend on advertising revenue. This makes the internet a perfect place to put whatever marketing skills you might have to use and turn a profit.

Every day, new online businesses and even traditional businesses that want to get more exposure are looking for competent marketing service firms to give them that exposure. If you have a knack for convincing people to try out services or buy products, you could offer them the services of your small marketing agency. It hardly takes any money to set up a website and your biggest capital is your personality. This could be your startup success story.

Online Bookkeeping

If you are good with numbers, or better yet, if you are a trained bookkeeper, you can turn that into a business. Running a bookkeeping business from home has gotten a lot easier thanks to the internet and you can find clients using legitimate platforms like Freelancer.com.

There are even free tools to help you out with tasks like invoicing, if you want. Naturally, you would see a lot more success when you are trained in accounting. If you don’t mind putting in the time to learn, you can always check out Udemy.com for some legitimate online courses.

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5 Small Businesses You Can Start at Home

So today let’s talk about 5 small business you can start at home that probably don’t cost you much of anything. So, let’s start with something relatively simple.

 

Consultancy

One of the businesses you can start from home today at almost no cost is a consultancy. Most of what you’ll need for this comes down to having a smart phone and a computer. Possibly, a webcam. These might be things that you already have. At best, you might also need a headset of some kind. Possibly, a microphone. These things aren’t super expensive and it isn’t overwhelmingly difficult if you have knowledge in a specific area. For example, I do consulting for marketing, brand development, and video marketing, and production as well as creative services, and I’m able to charge relatively well for this per client.

 

Graphic Design

Ok, so business number two: graphic design. Although, it is not my primary at home business. I would say that my overwhelming, the majority of my business comes from my graphic design services, which is another thing you can do at home. It doesn’t have to be limited to graphic design. You can do a number of creative things. You can do graphic design. You can do photography. These are service based creative businesses you can do at home, and all you have to do is invest in whatever the equipment and skills you’ll need to execute on that, and market yourself well enough. Whether that’s locally or online. Maybe your strong suite is mentoring or coaching, or you could do relationship consulting if that is your skill set.

The two business ideas above can be combined into a mashup or sorts. For instance, you can start some kind of consultancy and charge a certain fee for that and/or porvide the actual services, be it  a creative services profession like graphic design and structure it at a higher package deal.  The options can be varied and very profitable.

 

Tech Support

Another stay at home business that you can start from home, believe it or not, is a tech support based business. Tech is not entirely the same as consultancy because of the expertise it requires, and the level of execution involved, and there’s a little more nuance than detailed things to it. So I would say that it’s very different from consulting just because of how involved or ingrained it can get, and I would say that you can have a tech-based business from home doing some very specific stuff, and that might involve doing things on the programming side.

It might involve technical sport and customer service. It might involve help desk services, and there are a lot of companies that hire people to do that from home or that outsource to small businesses that do that, and you could provide that service from home. There’s obviously user testing and bug testing that you could do as a technical person. So, I would say that that could be a very lucrative business for you if you are in a situation where maybe you’re a stay at home parent, maybe you have an introverted personality, or you have anxiety about being in public.

This is business that would allow you to overcome those barriers and still be very successful.

 

Copy Writing

So, the fourth business we’re gonna talk about is online writing and copy writing. You could be creating content for magazines and writing that stuff from home. You could be writing for online publications. You could be doing copy writing and advertising work for firms and companies while working remotely, and this could be very successful for you. In terms of what you might get, you might get as much as $100 an article or you might have a rate that is based on per word, and this may not be limited to writing. You can do video and editorial work. You could be doing proof-reading. There’s a whole business model that you could build out just around writing and copy writing and content development for individuals, companies, and brands, and smaller firms, marketing companies, ad agencies, etc. I think that this could be a very lucrative business for you if you’re a stay at home person. It doesn’t require much investment either.

You just need a computer and a smart phone for the most part and you’re good to go. There might be instances where maybe you need to use services like Dropbox. There’s a lot of stuff that’s free. I should actually do another post on all of these free online services you can use to help your small business.

 

E-Commerce

So, the fifth and final business we’re gonna talk about that you can start from home is you can start e-commerce based business. You can do this by a lot of different things. You can do affiliate marketing where you’re selling other people’s products online with websites like Amazon or what have you. You could be selling products that you might have, on Ebay, used.

There’s any number of things you could do. You could be setting up a DIY-based business where you’re selling your products through something like Etsy. So, doing a e-commerce business where selling products, whether they be your own or other people’s is another great stay at home business that doesn’t require a lot for you to get started. If you’re doing the affiliate marketing side of that, again, the most you really need there is a computer. You might need a website to help you out with that. You might need to start a blog of some kind. Obviously, a social media presence. These things aren’t very expensive, and in some cases they can be free. So, I would say that that is a very good business to start with, very high potential profit margins, and very minimal investment.

Anyway, I hope you guys enjoyed this post about 5 small businesses you can start at home.

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