There are few investments more personally and financially rewarding than starting your own business. You may be surprised to learn that it doesn’t take much money at all. The biggest problem for budding entrepreneurs is not having an idea but just starting. The problem often is not knowing what will work and this leads to procrastination. If you knew for sure your business idea would take off in a big way, you would waste no time, but most people do not have that insight so often flounder in indecision. Here are a few suggestions on how to start a business for under $400 dollars.
One great way to get started is by taking a look at eBay. There are thousands of sellers and millions of buyers. Several companies offer drop-shipping, which is a supply chain management technique in which the retailer does not keep or even invest in any inventory, but rather transfers customer orders to a wholesaler, who then ships the product to the customer. Retailers make a profit on the difference between wholesale and retail. It’s the retailer’s responsibility to create the eBay listing, so it is helpful to know some basic HTML. If you do know some HTML, the investment required is zero dollars. Otherwise, tutorial books start around $25. Of course there are always free tutorials online that can help as well.
Other businesses can be started on little more than a talent or a passion. Advertising is usually the most significant expense in businesses like this, and a $400 ceiling gives you many options. Examples include personal trainer, cleaning service, personal shopper, diet consultant, dog walker, tutor, and handy person/ fix-it man.
Starting a business can not only be profitable, but also personally rewarding and fun. So if you are looking for an alternative to the 9 to 5 grind, consider doing what you love. If you play your cards right, it could be very profitable.
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