No Bucks Business Start ups
Ever wanted to start your own business but think it's too expensive?
It's not! Start up costs are way lower than they used to be... and you can take advantage of that!
In this post, we highlight three different ways that people have started their own businesses in the past by relying on the internet. We'll show you how a single mom, a college student and an unemployed journalist all launched successful businesses with little or no startup costs. Regardless of your background, there’s always a way for you to build something from nothing if your idea is solid. All it takes is dedication and persistence! This post will give you some ideas about how to get started.
About one in three entrepreneurs in the world start their own businesses. But for most of them it's not easy to get going. Just thinking about it makes them feel tired and anxious about the high risk of failure and the low payback.
Some people become entrepreneurs because of a deep conviction, imagination or a passion for a particular product or service, but most do so because they need an income fast and they don't have enough money to pay their bills. A few get excited by the idea of being their own boss, but their enthusiasm soon wears off when they consider how much time, money and energy it will take to make it happen.
In fact, only a very small minority of those who want to start their own business get past the planning stage and actually do it. But things are changing! While starting your own business is still a risky proposition, it no longer has to cost a fortune or take forever to get off the ground. In fact, there are now plenty of ways for you to launch your own business for little or no money down. All you need is an idea, a little persistence and plenty of determination.
In this post we'll share three examples of people who have launched new business ventures in recent years on a shoestring budget . They all represent different age groups and come from different walks of life and all three have seen success in their respective industries . Whether you are looking for a part-time or full-time venture, this post will show you how to get started in the business of your dreams.
How to Start Your Own Business for Little or No Money
Whether your dream is starting a high tech company, t hatching a hot dog stand or building an online empire, the first step is the same: come up with an idea for a business that has value! Here are some steps to help you get started.
Step 1 : Find something that people need, want and can afford. If it's not essential and it's not affordable, why would they buy it?
Step 2 : Think big. Don't limit your thinking by what is possible. If you can make a million dollars in your idea, how would you do it? If it's not realistic, go back to the drawing board.
Step 3 : Find out if anyone else has done it before you. Where have they succeeded and where have they failed? What makes them different from their competition?
Step 4 : Make a list of the things that you don't know as well or at all. Then find out where to get that information and how much it costs.
Step 5: Think smaller. Break down your big idea into smaller steps, tasks and goals that are more manageable and realistic .
Step 6 : Get support. Talk to people who know what you want to do or know something about it. Get as much information as you can about the costs and potential risks of your idea .
Step 7: Test and refine your idea until you have a workable plan . Be prepared to change it and adjust it as necessary.
Step 8 : Set a deadline for completing your business plan and move forward or drop out.
Step 9 : Come up with a name . Most people don't have a good idea for their name. If you're single, think about making your name the thing you do best.
Step 10: Make a website. If you can't afford to pay for a website, look into free resources like Google's Website Tools .
So what are some examples of people who've succeeded in the little business world? They include:
A woman who started selling homemade jewelry on ebay from her apartment in New York City . She later became the first million-dollar artist on ebay. Her product line consists of beautiful and unique handmade jewelry, as well as other products , like inspirational paintings and children's books . She now has her own store, which is the number one supplier of handmade jewelry on ebay.
A college student who started his own business at home by doing graphic design and marketing for other companies . He now has his own online marketing agency that's helping businesses just like yours grow!
An unemployed journalist who took a chance on a newspaper that was going up against the world's largest newspaper . He brought in smart ideas and fresh perspective along with a lot of hard work. After two years he had transformed it into the most successful newspaper in its market and was able to sell it for $800,000.
So, whether you decide to start a business on your own, with a partner or with other people, it is still possible. The question is do you have the time and persistence to make it happen?
If so, let's continue!
1. A Single Mom Gets Her Business Off The Ground With E-Bay
When Roxanne Ebejer's husband lost his job in California back in 2003, she had a choice to make: stay in California with her family and struggle or move across country to Florida and start over. She chose the latter and started all over again by moving her two children into a small apartment and trying to find work.
With her husband's assistance, she created a website to sell her jewelry. Two months later she had traffic of about 3,000 people per month and a success rate of 50% .
In April 2005, Roxanne decided to start selling on ebay. She took everything she was selling off her web site and put it on ebay under one listing. She also created an account with them (she still doesn't have an e-bay store) and set up email alerts so that she would know when a new product was added to the list. E-bay is now her full time business as well as the main source of business for her children's clothing line ().
Roxanne Ebejer is a small business owner who found her niche and built it into a successful business. While she isn't independently wealthy, she has a stable of products that keeps her in the black and allows her to provide some financial stability for her family.
2. A Single Mom Gets Her First Real Job Working From Home
Maria Markham worked from home as an administrative assistant for several years before she decided to try selling something on ebay . Her husband's job required him to travel frequently. She started out selling jigsaw puzzles for $1 each with shipping.
Conclusion:
So what does all of this mean? First, to get started in the business world you need to have a solid idea for a product or service that you can sell. It also means that you will need to find out if anyone else is selling it before you and learn how much they are charging.
If your goal is to get into retail (selling things at stores), there are many options available for you as well. While some people may not have been able to make it work for them, others have succeeded by doing something different or by taking a chance such as Maria did with jigsaw puzzles . For more ideas, check out these business methods I listed below!
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