People talk about the importance of investing and how vital it is to run your own business and not be dependent on a company that will hire you. What happens when your budget is not so big? Here are some ideas on how to start with a small initial capital and less stress about how your business will go.
- Online trading
Amazon sellers, Etsy sellers, and people who sell on various platforms like eBay and Jane can make a fortune. In most cases, your initial investment should not exceed $10000 considering that you work as a professional. If you are not willing to proceed with even such a low investment you can start selling as an individual seller to check how it works and make sure it is all legit, until you step in with your both feet. There is not a single investor who believes online salesmen are not likely to become rich. Search on the web to see how this works and do not hesitate to chase opportunities in a playground that has proven to be safe for the majority of salesmen out there.
- Handmade stuff
Handmade stuff is quite popular over the last decade. People seem to be willing to pay a little extra to get something that has not been produced in an industrialized way. Some also want to support individuals who care about the products they offer to customers and the overall quality. Handmade chocolate is a splendid example of this. The particular example also allows you to have a significant profit margin since the price of chocolate is quite high. Organic soap is another amazing idea. Cosmetics in general belong in this category. However, you should take in mind that in many countries legislation imposes certifications for the fair trading of anything that goes on your body. In an attempt to protect customers from consuming harmful substances governments are strict on this particular matter. Any kinds of crafts that can be used for decoration, like candles are perfect to start your business from scratch and they are less complicated in terms of legislation.
- Online courses
Surfing on the web is proof of how online courses sell nowadays. You can provide recorded lessons or online lessons to your clients. The idea here, most of the time is to show them how to do stuff. Teaching them something simple is easy and doesn’t require any significant cost apart from the advertising expenses and the site of course. Online tutoring gives so much more than what a client can see from videos on Youtube. It provides structured material organized and comprehensible by the majority of the buyers and this is why it is such a big success. Since it is completely online, reviews will play a crucial role here so be prepared to see how this works and how you will increase traffic to your site.
- Event planning
Event planning is also a low-cost investment. It does not demand any equipment and success will mostly have to do with how ads will work for you. Things will be probably hard until you make a start and you obtain organic reviews from real customers. The idea here is to pick something you enjoy yourself and share this passion with potential clients. For example, if you are a nature enthusiast you can organize excursions combined with activities for individuals or groups. Skills in organizing have to be your strong characteristic. Besides, you will not be the one driving people to the excursions; you will be the one who organizes this big adventure.
Art is very special in marketing. Even though, we talk about an extremely low budget of investment sales are not quite predictable in this sector. Working as a freelancer will let you have all the profit for yourself and avoid sharing with companies, etc. but don’t underestimate the fact that you will have to find a way to promote yourself. The good news is that once you get appreciated you can determine the price of your service and product less strictly. The criteria that set the prices in the art are various leaving a range of prices for you to choose from. Photographers are perhaps the most popular in the art industry since they are often asked to depict a person’s special moments.