Online Business at Low Cost!
There’s a common misconception about what it really costs to get started for most people who wants to do an online business and work from home. Most people, including me at one point, think that it requires loads of money. I understand how that can be discouraging. You may be thinking, “Well, I don’t have any funds. How could I really start a business?”
But there’s good news! While it does cost money to start an online business, it costs less than you may be thinking.
The key question you want to ask yourself is:
What kind of business do you want to start?
Whatever amazing business idea you have, you need to realize that it will cost money—and for some types of business, it may cost a lot of money. But don’t let the obstacle of money stop you from doing the necessary legwork, including the research to discover the pain points for your potential customers that your business can help solve.
You don’t have to start big. Start small, with little cost, and work your way toward your goal!
Low Start Up Means More Immediate Profits
Online businesses with low start up costs offer the potential to see a return on investment sooner and run properly with online advertising, great customer service and products at competitive prices. However, your low cost start up business must also include factors such as the cost of sales, the cost of technology such as computers, software, and other support. Realize that a new e-commerce site can be a low cost way to start up a new business but you must be sure to consider and address all the same concerns in a tradition marketing business involves day-to-day operations. While your new business is not likely to be an overnight success, it can be a highly successful venture as long as you take time to research options and plan your start up budget accordingly.
Here is the estimated budget for a low cost startup:
Website/Blog: Free
Web Hosting: $4
Domain: Average $5 - $30
Social Media: Free
Email Listing: Starting Free Trial, once business grow there will be charges in average of $20 and above
Ad Campaigns: $2 and above (Depends how many targeted audience that you would like to reach out)
Online Courses for personal and professional growth:
Free by modules. A comprehensive digital marketing can cost $25 and above
Business software/tools: $3
Transaction Tools: % + 30 cents per transaction
All cost stated is the cheapest deal I could find and this an estimation on how much for a startup can set aside for a small budget. I will add on the listing under Resources page for your reference.
Depending on your business model, and your timeline. Regardless of your situation, there are some consistent takeaways you should consider in your business strategy and planning:
Figure out what your business is about, and ask yourself why you’re doing what you’re doing.
Clarify your goals.
Determine how much money you’ll need to start your business.
Run projections in a spreadsheet and find out how much you could potentially make from your idea.
It’s important to consider all of this before starting. In a way, you’d be working backwards from your end goal
(to create a successful business) to before you even start. Perhaps most importantly, you’ll soon realize if your business idea is something that truly aligns with what you’re actually trying to do in your life. If it’s not, you at least have the knowledge to make adjustments or try something else.
For a deeper look into this idea, I recommend checking out HomeBiz Course to kick start and learn on how to use digital marketing to drive your niche.
I hope this post gives you a clearer sense on how does a startup costs looks like, and a better look at what lies ahead on your awesome journey. If you have any stories about startup costs for your business, please share them in the comments!
