Business

5 Low Cost Ways to Start a Business

Just because you’re a savvy business person doesn’t mean you have a ton of cash to spend building your empire. Starting out small is the name of the game, especially if you’ve never done this before. Turning your dreams into reality is an expensive proposition; that’s why we’re giving you five low-cost ways to start a business.

Make something and sell it. While you’ll have to spend an initial outlay in cost for supplies, you can sell many items for much more than they took to make. Think crafts and homemade items on Etsy or Bonanza, or lotions and organic goods on Abe’s Market. Selling on platforms such as eBay can elevate the exposure of your product to as many people as possible. The best part is, there’s no storefront to pay for and you can start out as your own boss and sole employee.

Start a Business

Use platforms like Fiverr and Enlace to build up your company on the cheap. For instance, you can hire a graphics designer to come up with a fresh new logo for your company for between $5 and $25, with free revisions included. Another way to get affordable branding materials is by printing them up on Vista print or Zazzle to make your very own personalized items.

Try re-selling. If you don’t have the skills to create something, sell something that’s already made. You can achieve this in a variety of ways such as selling at thrift shops or drop selling. Drop selling involves setting up an online store and partnering with drop-shipping companies that handle all order fulfillment duties for you, says Entrepreneur.

Become a consultant. If you once ruled the office cube farm as the head honcho of accounting, fashion, news writing or graphic arts, you have the experience and credentials behind you to get a small at-home consulting business off the ground. If you’re fashion-savvy and a great communicator, for example, why not become an image consultant? Not only are the startup costs low, you can work from home, use your creativity for building clients’ self-confidence, and draw on your relationships with hair stylists, makeup artists, nutritionists and personal trainers to round out your suite of services.

Be a project manager. Perhaps you have a background in engineering, strategic planning, real estate, health care or finances, coupled with excellent organization and communication skills. You may have the chops to become a project manager. In fact, the industries of home remodeling and building are particularly hot right now when it comes to the need for project managers. Are you an analytical thinker and detailed-oriented person? You may benefit from this career change, featuring low start-up costs, and the ability to make your own hours and work from home.

No matter which way you choose to make a living on the cheap, it’s still important to manage your investments wisely. Take the money you make and invest it in the stock market to let your money work for you instead of you working for money. Many of you may have a stock broker you rely on for that; however, it’s always a good idea to have keep the name of securities lawyers handy. Here at Thomas Law Group, we’re committed to recovering your investment losses since 1991.Categories: business5 Low Cost Ways to Start a Business Just because you’re a savvy business person doesn’t mean you have a ton of cash to spend building your empire. Starting out small is the name of the game, especially if you’ve never done this before. Turning your dreams into reality is an expensive proposition; that’s why we’re giving you five low-cost ways to start a business.

Make something and sell it. While you’ll have to spend an initial outlay in cost for supplies, you can sell many items for much more than they took to make. Think crafts and homemade items on Etsy or Bonanza, or lotions and organic goods on Abe’s Market. Selling on platforms such as eBay can elevate the exposure of your product to as many people as possible. The best part is, there’s no storefront to pay for and you can start out as your own boss and sole employee.

Use platforms like Fiverr and Enlace to build up your company on the cheap. For instance, you can hire a graphics designer to come up with a fresh new logo for your company for between $5 and $25, with free revisions included. Another way to get affordable branding materials is by printing them up on Vista print or Zazzle to make your very own personalized items. Try re-selling. If you don’t have the skills to create something, sell something that’s already made. You can achieve this in a variety of ways such as selling at thrift shops or drop selling. Drop selling involves setting up an online store and partnering with drop-shipping companies that handle all order fulfillment duties for you, says Entrepreneur.

Become a consultant. If you once ruled the office cube farm as the head honcho of accounting, fashion, news writing or graphic arts, you have the experience and credentials behind you to get a small at-home consulting business off the ground. If you’re fashion-savvy and a great communicator, for example, why not become an image consultant? Not only are the startup costs low, you can work from home, use your creativity for building clients’ self-confidence, and draw on your relationships with hair stylists, makeup artists, nutritionists and personal trainers to round out your suite of services.

Be a project manager. Perhaps you have a background in engineering, strategic planning, real estate, health care or finances, coupled with excellent organization and communication skills. You may have the chops to become a project manager. In fact, the industries of home remodeling and building are particularly hot right now when it comes to the need for project managers. Are you an analytical thinker and detailed-oriented person? You may benefit from this career change, featuring low start-up costs, and the ability to make your own hours and work from home.

No matter which way you choose to make a living on the cheap, it’s still important to manage your investments wisely. Take the money you make and invest it in the stock market to let your money work for you instead of you working for money. Many of you may have a stock broker you rely on for that; however, it’s always a good idea to have keep the name of securities lawyers handy.