5 Low-Cost Entrepreneur Business Ideas
One of the things you look when you want to start a business are entrepreneur business ideas. If you are an entrepreneur like I am you may be interested inoe starting a business.
However one of the things about starting a business is that sometimes it requires capital. Some businesses use more capital or seed money than others. Unless you have a rich uncle or rich parents, there are 3 ways to get off the ground. One is borrowing money, it can be with credit cards or friends or even Venture Capital.
Two, it can be with your own savings or with your own money you earn with your job. And three, it can be bootstrapping.
Bootstrapping is my favorite one because you can start with almost no money down. The trick is funding the company with the sales and revenue that is coming in. If you want to do bootstrapping you need some low-cost ideas to start a business.
Here they are:
Business Idea #1: Start a Pay-Per-Click marketing agency and help small businesses: This is what I’m doing right now, with start with almost $0 of capital. We now have 4 clients paying us around $150 dollars per month helping them get new customers using pay per click search engines.
The beauty is that you don’t need alot of money to start. You just need to know how to register a domain name, a hosting account and an Google Adwords account.
To make this work try searching for keywords that are affordable. For example if you want to bid for the keyword lawyer it would be really expensive. Try long tail keywords the competitors aren’t looking.
So here is the trick to make this entrepreneur business idea work: Charge $150-$250 per month and spend on Adwords $50-$100 for traffic generation, that would give you a profit of $50-$100 or more per client.
Okay, so how do you get started, you get started by making calls. You call small businesses and tell them you are a internet marketing specialist that can help them get more customers online. After getting an appointment, it’s more a piece of cake.
Business Idea #2: Buy cheap stuff at Craigslist and sell it on eBay for a profit. To make this work you need to check on Craigslist and eBay on the price of stuff that is selling. It can be laptops or mobile phones that are hot. The idea is to profit from the difference on prices. For example if a mobile phone is selling on Craigslist for $50 and you see on eBay on average they are paying $120. You can buy it on Craigslist and sell it on eBay for a $70 profit. You get the idea.
Business Idea #3: Freelance profits. You can become a freelance and start online or offline. If you have any good skills that people appreciate like photography, programming, translation, copywriting, graphic design, website design, etc. You can sell your services.
The trick is knowing how to market and position yourself. Start a site and start sending prospects using Google adwords, start calling businesses offering your services. If you feel you are in a really good level with your skills you can try offering online your services as a freelancer and work from home. Some really good freelancers earn as much as six figures per year.
Business Idea #4: Sell information online. People are looking for solutions online. It can be for losing weight, to find a love one, regrow some hair, etc. If you know how to solve those problems you can sell the information online. Create a PDF with the information with the solution and you are off the races.
The next step is creating a website that sells it and next to that is to send traffic to your offer. You can use different traffic sources like Search Engine Optimization, Article Marketing, Video Marketing, Community Marketing, Pay-Per-Click Marketing, Banners, Joint Ventures, etc.
This business model is is cheap to start however the trick is knowing how to send the traffic and convert it to customers. You can start with as little as $150 dollars and start your online information business.
Business Idea #5: Create a High Quality Blog and Create a Following. If you heard of TechCrunch or HuffingtonPost those are multi-million dollar blogs that started from scratch. They are worth a lot of money and partly because they have a lot of fans (people that go there every single day).
The trick to make this work is to make some simple Search Engine Optimization with really Unique Great Quality Content. If you are creative and like to write this can work for you.
I hope this get you on the right track and make you start your own entrepreneurial journey.
