10 Ways to Start a Startup for Less Than $100 104

how to start a startup for less than $100

There are more ways to start a startup out there than we know of.

We live in the best possible time to create a business out of nothing, start earning money in no time and build our personal brands.

Not only that, but you can do it for less than $100. Initial capital is not a factor anymore when we talk about building startups and being your own boss.

One thing hasn’t changed, though. And that’s the hard work that needs to be invested. You’ll have to do some thinking and then hustle for some time, and that will be before you see any money coming in. But if you do it right, you can change your life and become a successful entrepreneur.

Here are 10 ways to start a startup and create such a lifestyle for yourself:

1. Find a gap in the marketplace and fill it.

There are many people who travel all the time, for example, and yet don’t know how to get discounts, collect points and become special members of the airline they use the most. Most location independent entrepreneurs, or just travel enthusiasts and frequent flyers, do it for almost no money because they know where to look, when the right time is, how to ask for it, and so on.

Other people would love to do that but simply don’t know how, don’t have the time to do a research and talk with airline service assistant for hours, aren’t good with the technical or financial side of this, or else.

If you know more than them, and are traveling often anyways, you can fix that problem. You can help them save time and money, and make it a win-win situation.

Create a site and offer a product or service to share the necessary information so that people can avoid the hassle and travel cheap from now on. Make a webinar, offer them a long phone call, create a course, videos, or whatever makes it easier and most comfortable for them to learn the stuff.

Almost every niche has such a gap. Your job is to find what’s missing and offer value. People would gladly pay for your help, eventually, you can start a startup from this.

2. Build a niche site.

best ways to start making money online

You don’t need to be a marketing expert to do that and succeed with it.

All you need to do is find a topic – that’s the tricky part, though. It needs to be specific, not a broad niche. Do keyword research but take your time, because that will be what you’ll structure your site around.

It must be a key phrase that has enough monthly searches but for which there’s not much competition. Once you find it, make sure there are products on Amazon related to it that are making money. Check if it’s profitable to monetize through advertising too.

You don’t need to know anything about the topic, but needless to say it will be much easier if you’re passionate about it. Otherwise, you’ll have to read a lot, gather information and see how others are doing it, and create at least a few pages for the site to exist. And preferably add a blog to it which you’ll update frequently.

Once you start ranking for the chosen keyword and other terms close to it, and start getting traffic, you can think about monetizing. Maybe create an information product and offer it there, or put adds on the site.

In order to start, you need to buy hosting. One of the best choices is BlueHost and it will cost you less than $4 per month, together with the most popular blogging platform WordPress.
The domain name comes free for the first year.

3. Affiliate marketing.

Create a niche site and monetize it by offering products visitors may be interested in. Every time a purchase is made, you’ll receive a commission.

Many people are making six figures a month just by promoting other people’s services or Amazon products. You can do the same.

Again, your expenses will be for web hosting. Then, it’s your job to create content and get people to your site, where you’ll offer them the affiliate products.

That can happen by writing long, informative articles so that they can rank higher in search engines and people can easily find your website. You can also use blog directories, write for bigger sites for free in other to promote yours, use social media, etc.

All this is free, the price you pay is the time and energy spent on all these activities.

4. Offer your services online.

Whatever your profession in real life is, you can turn it into your own business by doing what you do online.

If you’re a lawyer, accountant, travel guide, chef, gardener, or else, you’ve got plenty of knowledge and experience to share with others. Set up a site and start creating quality content, be it in written form, video or audio format, people interested in the field are always looking for advice, hacks, news, etc.

Once you build a reputation, you’ll start charging for that. Many people have quit their regular jobs this way and still kept doing what they had specialized in.

For a start, use sites like Freelancer.com or UpWork.com. It’s completely free to register and use them with a basic membership plan.

Can you code, write, design or translate? There are plenty of other sites online where all you need to do is create a profile and find clients. Work hard, build a portfolio, and in time you can turn it into your own business, start a startup, and get 100% of what you earn.

If these aren’t your fields, maybe you can help someone with their site, can build a social media strategy for a small company, or proofread books people have already written.

5. Make something more available for people.

Offer convenience, and you’ll be paid.

People haven’t even thought of choosing a car to buy online, but now they can be given all the details and even the whole experience while in front of the screen.

What else can you think of someone would gladly pay for that will offer convenience?

6. Give exclusive information.

If you’re a traveler, go to a place that’s not popular yet, gather all the information about it, talk to locals, make videos and share your experience.

Then offer all that to people who have been thinking of going there but weren’t sure. Add to that the best flight offers, leisure time activities, places to stay and food to eat, and you have a golden opportunity.

7. Teach people how to do something.

Any skill can be broken down to small, easy tasks that will help anyone learn anything.

Difficult ones like coding, which are also most profitable and desired these days, can be turned into a set of tiny steps to take for a month before a person can move to another level, for example.

Or be it writing, design, accounting, learning a foreign language, making jewelry, etc. Anything can be taught through videos, lectures, presentations, and even be a reason for you to start a startup when the business scales.

When you know what you’re doing and find the right medium for yourself to share your knowledge, people would use your services to learn a new skill.

If you’re ready to take action in this direction, you can create a course and sell it on Udemy, for example.
The platform offers simple ways to upload PDF files, PowerPoint presentations or YouTube videos and turn them into a course, which you’ll then publish into the Udemy marketplace. You don’t need to pay anything to become an instructor and create a course, and you get 50% of what you make.

8. Sell your crafts.

sell your crafts online

If you’re a creative individual, like making things and are doing it anyways, why not earn money from that?

Many stay-at-home mums are selling their homemade goods on sites like Etsy (mine too, actually). You can also do it if you’re a photographer, cook, painter, jewelry maker, etc.

If not, you can start today. See what people are looking for and target a specific niche. Be it gift cards, Christmas decoration, photo frames, wedding accessories, or anything else. Buy some supplies (for less than $100 for a start) and start selling.

If people like your items, you’ll invest more and earn more, and eventually move to your own online store.

9. Podcasting/making YouTube videos.

These are other ways to create and share content online on a topic you’re passionate or know a lot about. If you’re confident in front of camera, or prefer talking instead of writing, choose this.

Start giving away content for some time, make it quality and informative, let people come back for more and build a community. When you’ve got enough listeners/viewers, you can reach out to sponsors. Sell ad spaces, mention names, products and sites throughout the show/video, give direct links, etc.

Making and uploading videos is free, but you need to be more tech-savvy in order to make them high-quality.

As for podcasting, it’s a good idea to buy a good microphone first (like this one), to download Audacity for free (an open source, cross-platform audio editor and recorder), and then upload each episode on iTunes.

10. Virtual assistance.

If you can’t think of anything else, but are eager to start making money and eventually build a business, then assist people with their work.

Complete tasks connected to email filtering, content creation, web design, optimization, social media promotion, doing research, connecting with clients, booking appointments, updating stuff, analyzing competition, creating reports, making presentations, answering calls, etc.

You don’t need any experience or knowledge to do all this, but after doing it for some time you’ll get to see what businesses are all about. And when you feel ready, you’ll start something on your own.

Again, you can use any site out there that’s created to connect clients with freelancers, make a profile and apply for the jobs offered there daily.

The digital world is full of opportunities, and new ones are being created daily. Working from home and making money online are two completely normal things these days. The Internet is big enough and people are spending more and more money there. There’s enough room for anyone’s new lifestyle business and if you work hard enough, you deserve a piece of the pie.

Do you have any other idea on how to start a startup? What can you do today to start turning it into reality for less than $100?

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Becoming Your Own Boss: Tips on Getting a Business Off The Ground 7

How Writing a Blog Can Help You Live the Life You Dream About

Becoming your own boss is a complicated process, and not everyone does it the same way.

I got lucky. I was still working when I got my business off the ground, so I had a source of income while I was working the kinks out of my business. I did most of my work for the new business when I got home or on the weekends. I asked for a change in job responsibilities at the office so that I didn’t have as much on my plate.

This all gave me a chance to start earning money without going into debt. When it was feasible, I stopped working my regular job and transitioned into working for myself full time. It took about a year and a half.

Establish clear boundaries.

 

Sometimes people don’t take you seriously when you tell them that you work for yourself. They think you are always available to chat or have lunch.

I had a number of friends that would call me at all hours, assuming I was available because they wanted to talk. Granted, it was nice to have that freedom at first. But, I soon realized that if I was going to be successful, I couldn’t let those kinds of distractions interrupt my workday.

Save before you start working for yourself full time.

I was in pretty good shape when I made the transition, but looking back, a few more months with a paycheck would have been wonderful.

When you start your own business, money can be very tight. You never know what you are going to make month to month.

I had one customer that initially made up most of my revenue. That customer only paid on a quarterly basis, which meant that times were tough in between payments.

I had to spend money to build the business, which meant there wasn’t a lot left over. If I didn’t get a payment right on time, it was very difficult to deal with.

There were times when I had to ask for a loan from family members simply to pay my bills.

Reach out and build a support network.

4 Tips to Track Your Remote Employees' Progress Without Demoralizing Them

It can be really difficult to adjust at first. You have great days and you have terrible days. You meet goals some months, while other months you are left wondering where you went wrong.

If you make a mistake, you alone are responsible for it and your business and reputation can suffer. It is easy to feel depressed at times. You may even start to feel like you can’t handle running a business and that you made a big mistake when you left your office job.

Remember that you are not alone. All entrepreneurs have these moments, which is why it is so important to connect with others in the field.

Take time for yourself.

I had a honeymoon period of about half a year. It was really exciting to see the business get bigger. Each milestone that I met was a reason to celebrate.

However, heading into the second year, it was more difficult. I was tired. Things weren’t as exciting because they weren’t new anymore. And then, year three came along. I was done with working such long hours.

I was done with having no time off. Burnout is certainly an issue in this business, so you have to figure out how to balance your personal and your professional needs.

It took me a long time to get where I am today. I had to do a lot of research. I had to educate myself on business. I had to find an SEO expert. I had to figure out who my main competitors were and keep an eye on them. I also had to stay current with what was happening in the field so that I didn’t fall behind.

No matter how hard I worked, it seemed like I could never get caught up. Running a business is a big responsibility.

If you are interested in starting your own business, you want to set yourself up for success. Try to cut back on your living expenses. Make sure you have substantial savings. Set up an area in your home where you can work, free from distractions.

If you are married, get your spouse on board. He or she can help pay bills while you are getting your business off the ground.

Your business is only as good as you are.

Make sure you have a support system of other business professionals. These people can help you acknowledge your weaknesses, encourage you to keep moving forward and advise you on common mistakes.

You can try and go it alone, but it will be very difficult for you. As with anything else in life, your support network has a lot to do with your success. You are probably strongly invested in your business; after all, it is something that you created. Make sure you have people that you trust to help you along the way.

***

Grace Lee has been practicing in the field of digital marketing for several years now. She has already brought numerous sites in search engines’ first pages in search results. In her spare time, she loves listening to podcasts about Google algorithm updates and other matters related to SEO.