You might be limited to a strict budget when you want to start a business, but that doesn’t mean you don’t have any options. It is possible to start a business with very little money, if you have the right combination of skills, work ethic and marketing know-how.
According to Chris Guillebeau, author of The $100 Startup, “To succeed in a business project, especially one you’re excited about, it helps to think carefully about all the skills you have that could be helpful to others and particularly about the combination of those skills.”
Follow these simple guidelines to start a business when you have little to no money.
1. Make something.
Yes, making something does take an initial cost in supplies, but oftentimes, these products can be sold for many times over their actual cost. What you decide to make is up to you, but there are several places you can sell your handmade options online:
- Abe’s Market deals in natural and organic goods, such as lotions, candles, granola, and more.
- Etsy is one of the largest online markets for almost anything homemade, from jewelry to wooden toys for kids.
- Bonanza is another growing handmade marketplace, similar to Etsy. According to PC World, it boasts over 10 million visits per month.
- eBay is one of the biggest online ecommerce marketplaces in the world, and its streamlined store options, easy checkout through Paypal, and customizable listing options make it a great choice for selling items.
Aiming to build a bridge between East and West — specifically, Singapore and London — the Singaporean state-funded VC Infocomm Investments is extending its $200 million fund to European tech startups, including investing in the London-based fintech accelerator run by Startupbootcamp. The idea is to help the European/London startups it invests in to access markets in Singapore and Asia as a whole, with the former having ambitious plans to become a ‘Smart Nation’, creating a multitude of opportunities for tech startups home and abroad.
Increasingly, the web is awash with visuals. Wherever you turn, they are there in the form of photos, infographics or videos.
And why not? You give people what they ask for. With the advent of Big Data, many readers simply don’t have the time to wade through a ton of content presented in the form of text. A study of Facebook posts found 87 percent of those that “get most action” are photos.
Given that social media is the most widely used marketing method among B2C marketers, with 63 percent believing it’s effective, it only makes sense to embrace visuals in your marketing mix, if you haven’t yet. It’s not hard or expensive. Here eight easy-to-use tools that won’t break the bank.
Visme is dubbed as the Swiss knife of visual content. It lets you create several types of visual content all under one roof without any coding necessary. You have free templates to start and create interactive infographics, presentation slides, call-to-action banners – you name it.
You can create a free account (or use Facebook for one-click login) and use Visme’s free templates for your content creation. It’s best known for interactive HTML5 infographics and as a PowerPoint alternative for presentations.
Price: Free for up to three projects.
You’d be forgiven for thinking that the taxi app war is exclusively a US phenomenon, such is the fierce battle between Uber and Lyft, but similar rivalries are actually ongoing across other parts of the world. The battle is heating up in Southeast Asia today, after GrabTaxi — a Malaysia-headquarted company that is active in six countries — announced a $65 million investment round that it hopes will enable it to defeat Uber in Southeast Asia.
The company has been busy raising funding this year. This round is the third investment it has announced since April. Though undisclosed, GrabTaxi says it takes it to “approximately $90 million” in funding this year. Given that it raised around $10 million in April, and a further $15 million in May, this Series C round is around $65 million.
Once you’ve scrolled through our ideas and gotten a taste of what’s out there, read “How to Start a Service Business” to learn how to get started.
Mobile Pet Grooming
Snip, clip and brush your way to success as a mobile pet groomer. Fido and his owner will both appreciate the convenience of a “doorstep” doggie-grooming service. With the proper training and experience, a van and some grooming tools, start barking up the right tree by marketing your business in your neighborhood and others.
Collectibles searchers, who carefully canvas swap meets, thrift stores and garage sales, can collect a bundle locating objets d’art for clients. Once you’ve found your niche–be it antique lunch boxes, dolls or grandfather clocks–advertise your services in hobbyist publications, at collectibles stores, in specialty forums on the internet, or on eBay. Soon you’ll be taking up a collection of your own.
On the heels of the release of Apple’s new Mac OS, OS X Yosemite, blogging platform Tumblr has just rolled out its first official desktop application with the launch of a Tumblr app for the Mac App Store. The app allows users to post to their personal Tumblr blogs from anywhere on the Mac, whether that’s content like links, images or videos you stumble across online, or files you have saved locally to your computer.