How to start a business with $500 and no experience
I am pretty sure you have spent your time sitting in your rolling chair, munching on some leftover meatball sub, and wondering how to start a business. It all seems pretty impossible as you look at your inexperienced self and then the extremely experienced world – there’s no match. What If I told you that you could start your business with a little amount of $500 without any experience? Pretty exciting! So, lick off that meatball sauce from your fingers and let's dig a little deeper...
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Just when you thought making money means that you have to invest thousand or millions of dollars, we are here to pop your bubble. Starting a business doesn’t have to be hard – it has to be smart. Why do you think your friends started from scratch and now spend 8 months in Hawaii without seemingly working? Probably because he started with less, and now he has made enough to lay it all behind.
Sit back, visit Startup Stream and watch yourself getting luckier as your browse through 100+ business for sale. No coding, no marketing hassle, you can make money from the first day of starting up and see all the good things unfold in front of your eyes by spending a minimal amount.
Pick your niche and gets things rolling
Once you have wandered through the Startup stream, it is time to now decide the niche of your choice. Sounds pretty simple but this step is the most important. Don't choose a niche market because you are just interested in it thinking it would be fun. To start a business, you have to be passionate about it. Before you pick your niche, ask yourself if this specific field flashes in your mind when you picture yourself in the next five years – do you think you will be able to love and work for it for the next five years? If not, choose something you are willing to turn into a startup, take your time.
This step requires a little bit of research as well. It’s not all about the thing that came to your mind and taddaa, you brought it to life. Pick a niche that you think will be able to grow and accelerate through time. Do you think the specific business will have enough target audience? The other thing to look for is the competition. Competition isn't necessarily a bad thing. However, you need to thoroughly analyze competing sites. Create a new spreadsheet and start saving all competing websites you can find and see if you will be able to give your audience something better than what is already out there.
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Choose an awesome business name – Let your brand talk.
To start a business, the best way to start is by choosing a name that can tell your business story. Your mission statement, your niche, the unique selling proposition – they all have a say in your business name. Think hard, what is that short attractive word that delivers the meaning, story, and essence of your brand?
When choosing a name don’t go all cursive. Is Lambrafossilism a good name? No! You don't want your potential customers to be confused when talking about your business.
Once you have determined what you want, you can get creative. Remember, choosing the name is the core of your brand – be nice, keep it easy and do your research. This way, there will be a high possibility of you coming up with a name that sympathizes with people and their choices.
Make use of Startup Stream’s 1-to-1 marketing support
Everyone wants to start a business that can get them streams of revenue each month, but why do most people leave it all to fall behind? The devil is Marketing.
The definition of marketing we have in our mind is easy, but the implementation is where we lack the skills.
We can’t throw the blame here. Some people are born leaders, some are born marketers and there is no shade for anyone. To start a business without experience, the marketing devil can come and bite you – but we have something to keep you safe.
Startup Streams has a one-stop solution for all your marketing-related worries. We offer 1-to-1 marketing support to every member as standard. This way, starting a business and getting the marketing knowledge has been made easier for you.
Use the power of digital marketing to advertise your business
Digital advertising has become an essential component of modern marketing strategies – you can't just say "I am going to start a business" without having room for digital marketing. Whether your business is B2B or B2C, the correct implementation of digital advertising can successfully expand your online business and ultimately lead to more conversions and sales. Digital advertising makes your company visible to a wider audience and what is the cheapest way? Answer: Advertise your business on social media, make ads, push them to your audience.
It won’t cost you much but make sure it is done properly. Whether by design, channel, or content, all aspects must be considered to make the advertisement of your brand work effectively.
Reinvest your profits into another Startup Streams store and grow
The more you invest, the more you grow – this should be a motto every business person should have wired in his/her mind. Once you are done earning profit from the business you have set up (which you will be able to do pretty quickly), it is time to reinvest and double your profit. Remember, when it comes to success, it is never enough.
Yes, one of your income streams is working like fire, but starting another one will only make your brand stand out more, increase your target audience, and add more coverage to your business scope. Collect the profit, reinvest in another store of Startup Streams and start a business again to make yourself known for something bigger. The hustle never stops – the need to learn and earn more should never stop.