low-cost-business

5 businesses you can start for less than a 100 dollars

low-cost-businessHi, sub­scribers hope you are doing well. Today I want to talk about ten busi­ness­es you can start today for less than a hun­dred bucks. Some of these busi­ness­es can be start­ed for less than a Star­bucks cof­fee, say what?  Yup, you heard that right.

Now with­out fur­ther ado let’s get to busi­ness.

Freelancing

Numero uno on the list is start­ing a ser­vice based busi­ness such as free­lanc­ing.

Today there are mul­ti­ple plat­forms that allow you to per­form free­lance jobs while they take a small per­cent­age of the pay­ment. Now to be hon­est this busi­ness will only cost you less than a hun­dred bucks if you already have a lap­top and Inter­net access and elec­tric­i­ty.

But let’s get real almost every­one has those things nowa­days espe­cial­ly if you are read­ing this. Here’s a tip when free­lanc­ing choose a prof­itable niche, some ser­vices are in high demand such as logo design. You don’t want to be the one offer­ing ser­vices like poet­ry writing,trust me I’ve tried. Your busi­ness will be like a desert with tum­ble­weeds pass­ing through, peo­ple will look but will just move on. Besides how many peo­ple are read­ing poet­ry every day?.….. Yeah,  that amount. Learn skills that are in demand.

Also if you wish to get seri­ous about free­lance you can find cours­es online that can help you devel­op those kick­ass skills. You can pur­chase cours­es from online plat­forms such as udemy.com and Lynda.com to up your free­lance game.

Publishing Business

Let’s move on to anoth­er busi­ness you can start for less than a hun­dred dol­lars. You can pub­lish Kin­dle books on Ama­zon, it’s free to sign up and set up and as with free­lanc­ing ama­zon just takes a per­cent­age of the sales from your ebook. There are many mis­con­cep­tions sur­round­ing pub­lish­ing ebooks online, first of all, you need to get rid of the illu­sion that you are are going to just pub­lish a book and it is just auto­mat­i­cal­ly going to sell. You have to be real­is­tic. No busi­ness just launch­es a prod­uct to the world, they have to mar­ket. That is exact­ly what you need to do.

Let’s take an exam­ple if a new movie is com­ing out they don’t just throw it out there into the world with­out mar­ket­ing it first they have to build hype around the movie or it will be lost in the com­pe­ti­tion.

If you pay atten­tion to movies you will know they have both a pro­duc­tion bud­get and a mar­ket­ing bud­get. Remem­ber those trail­ers you see come out months, some­times a year before the movie hits the­aters? They are mak­ing sure that their prod­uct is always on your mind or they could lose a poten­tial cus­tomer. This is the same strat­e­gy you need to use for your busi­ness pub­lish­ing or oth­er­wise.

You may also need to con­sid­er that peo­ple con­sume infor­ma­tion in dif­fer­ent for­mats today and you can take advan­tage of this by cre­at­ing an audio­book or paper­back while sell­ing on Ama­zon. If you are inter­est­ed in start­ing an online pub­lish­ing busi­ness you can check out this course called kmoney­mas­tery it teach­es step by step all you need to know about Kin­dle pub­lish­ing it does cost mon­ey to get start­ed but it’s a one-time pay­ment, you do have the option how­ev­er of upgrad­ing to a month­ly sub­scrip­tion.

But if you are strapped for cash you can find videos on YouTube that can give you tips on how to pub­lish on Ama­zon Kin­dle though it will take you longer to assim­i­late the infor­ma­tion, good luck. 

Social media Management

Let’s move on, busi­ness num­ber 3 is social media man­age­ment. Become a social media man­ag­er. There are sooo many social media plat­forms today and as a busi­ness peo­ple want to reach as much of them as pos­si­ble (or at least the most rel­e­vant) but it is very time-con­sum­ing. Offer­ing your social media man­age­ment ser­vices will help them to focus on their finan­cial busi­ness while you man­age their social busi­ness.

This is very valu­able to busi­ness­es today because the bulk of peo­ple online are either using social media plat­forms or watch­ing videos on YouTube. Every busi­ness wants a piece of that pie. The more eye­balls you can get your busi­ness in front of the more busi­ness you will get. One of the advan­tages of social media is also the mobile reach social media is dom­i­nat­ing mobile atten­tion.

Becom­ing a social media man­ag­er will mean you have to be very orga­nized and pro­fes­sion­al. Your clients will most like­ly be peo­ple who want to focus on build­ing their busi­ness­es while you build their online pres­ence.

There are var­i­ous tools you can use in your arse­nal one of which is Hoot­Suite. Hoot­Suite is a plat­form that can be used to man­age mul­ti­ple social media accounts trust me it takes the headache out of things. There is a free ver­sion and a paid ver­sion. In the free ver­sion, you can man­age up to 3 social media accounts. If you are look­ing at becom­ing a pro­fes­sion­al social media man­ag­er I would sug­gest tak­ing the paid option, for a month­ly fee you can man­age more than 50 dif­fer­ent types of social media accounts.

YouTube

The fourth busi­ness you can start is a YouTube chan­nel. Sounds crazy huh? There are many peo­ple online who have carved out a niche for them­selves on YouTube and have found a way to mon­e­tize it, effec­tive­ly turn­ing their pas­sion into a busi­ness. Peo­ple who enjoy your con­tent will sub­scribe to your chan­nel and you can make mon­ey from adver­tis­ing and also endors­ing your own or becom­ing an affil­i­ate for a prod­uct.

You can build a rela­tion­ship with oth­er online busi­ness­es and mar­ket dif­fer­ent prod­ucts to your audi­ence. How­ev­er, ensure it is some­thing you think your audi­ence would find use­ful. Nobody likes to waste time. You can also offer spe­cial dis­counts and deals to your audi­ence that they would nev­er get any­where else. Now truth­ful­ly you can start a YouTube chan­nel for a small amount of mon­ey how­ev­er if you want to take it seri­ous­ly you will have to pur­chase high­er qual­i­ty equip­ment in the future.

The high­er your video qual­i­ty and the bet­ter your con­tent the more views you get which can lead to more mon­ey if you know how to han­dle it. You can also find a niche that’s real­ly pop­u­lar so you can get a lot of views out the gate but these typ­i­cal­ly don’t last. I high­ly rec­om­mend pur­chas­ing a course that trains you how to go about start­ing a YouTube busi­ness the right way instead of just wing­ing it you are bound to save boat­loads of time.

Web design

Final­ly, you could start a web design com­pa­ny. If you have a lap­top and an Inter­net con­nec­tion along with a pas­sion for graph­ic design try start­ing a web­site design ser­vice ori­ent­ed busi­ness. Today many web­sites use the Word­Press plat­form which is rel­a­tive­ly easy to use. How­ev­er, some peo­ple would rather pay to have their web­sites done.

There are cours­es for less than a 100 dol­lars that  can teach you how to set up a prop­er Word­Press web­site and have it up and run­ning in no time. You can work out a busi­ness plan and offer your ser­vices to busi­ness­es in your area.

Many local com­pa­nies may have a prob­lem stand­ing out online. You could start out offer­ing your ser­vices on plat­forms like Fiverr or Upwork but at the same time build your own per­son­al brand by hav­ing your port­fo­lio on your own web­site with your con­tact info and projects you have worked for. It’s like build­ing an online resume.

You can add the clients from Fiverr and Upwork to your port­fo­lio. Based on how you struc­ture your busi­ness you can scale up by hir­ing more web design­ers. In fact, you can start by just out­sourc­ing web­site design­ers for your clients. This way you will be work­ing on your busi­ness and not in it which gives you room to pur­sue more busi­ness ven­tures.

Any­way, that’s all folks. I would real­ly like to know what you think, do you have any more busi­ness ideas you can start on a shoe­string bud­get? Let me know in the com­ments below. 

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