Top 10 Ways to Start a Business For Less Than $500

We've heard numerous success stories of Internet entrepreneurs like Jeff Bezos, who started Amazon.com from his garage, using cheap plywood to construct desks. There are scores of others and they never fail to make new entrepreneurs feel a little overwhelmed or dare I say, jealous. Well not every business has the moneymaking potential of some of these successful businesses but it's no reason for you not to have a profitable business of your own. After you read this article you'll never have to ask again, "I'm barely making ends meet. How can I start a business? "

Unfortunately, the bills don't stop coming in just because you've decided to start a business. In fact, they seem to increase exponentially. Your success, as budget-conscious entrepreneur, will depend on thinking and planning smart.

Below are 10 ways to start business for less than $500. You may have to make some sacrifices but that's what small business is all about, at least at first.

  • If you don't already own a computer, purchase a used or refurbished computer. With computer prices dropping everyday(new computers are starting at around $500), you can easily obtain an affordable, and fairly up-to-date computer for less than $200. If that's still more than you'd like to spend, remember you can always check out what local agencies offer free computer use. Start with your local library!
  • For a professional web site, use a template before hiring a professional. Templates can start at as little as $25 a piece. You can always hire customized design services once you grow.
  • Use business document templates to provide professional invoices, letters, and contracts that you can easily customize.
  • Submit articles like this one to various e-zines for free traffic.
  • Operating solely on the Internet is the best way to dramatically reduce startup costs. You can find affordable and feature packed hosting for less than $10 a month. And custom domain names can be registered for under $10 per year.
  • Offer your expertise on various web site forums for free self-promotion. Make sure you adhere to the submission rules of each site.
  • Submit free press releases regarding your new business on http://prweb.com
  • Starting a service business means you don't have to invest in any initial inventory!
  • Start a small pay-per-click campaign for under $200 to test your offer and bring in initial traffic.
  • If you have a retail business, make the initial orders on-demand, meaning you don't buy any inventory until someone makes the purchase. Make sure you include the added time frame when you estimate the expected delivery date for your customers.
  • The idea is to keep thinking creatively about how you will invest your dollars so you can avoid spending too much in any one area before your business has proven itself. You can redevelop your budget as you go along and feel relatively secure doing so. You never know, you could be the next big success story.

    Copyright © 2005 Rhonda Winn - All Rights Reserved. Rhonda Winn has been helping small business owners since 2000. She is the author of the popular eBook, "How to Live Your Dreams and Achieve Unlimited Wealth in Small Business" Receive the first chapter free, when you join her bi-monthly newsletter today: SmallBizStartupKit.com. Her site contains dozens of free downloads, articles, forums, resources, journals, and more.

    You are free to publish this article as long as the content remains unchanged and copyright notice and byline is not removed from article.

    In The News:

    This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

    NewsOK.com

    Top 7 tree-decorating mistakes and their fixes
    NewsOK.com
    Dowling then shared ways to refresh our firs, along with tips to avoid the seven most common tree decorating mistakes: • The haphazard tree. We've all ... Instead Dowling likes to cut 10-to-12-inch lengths of wire ribbon using angled cuts. She then ...


    nwitimes.com

    At home with Marni Jameson: Top 7 tree-decorating mistakes and their fixes
    nwitimes.com
    3. The Underlit Tree. However many lights you think you need, double it. The nine-foot artificial tree the museum provided Dowling to decorate came pre-lit with 900 white lights. She added another 750. Her insider lighting tip: Don't wrap lights around ...


    Orlando Sentinel

    ​​​​​​​Top 7 tree decorating mistakes and Their Fixes
    Orlando Sentinel
    Let's be honest. If the last time your holiday tree got a makeover was around the time you were watching “It's a Wonderful Life” on videocassette, darling, it's time for some tough-tree love. I know, I know. You like the tradition of using the same ...

    and more »

    Stuff.co.nz

    Top 7 sneeziest plants of New Zealand
    Stuff.co.nz
    10 tips for organic lawn care. 1. GORSE. This plant's pollen season lasts for a whopping nine months of the year, from autumn (March) until the end of spring in November. And while the evidence connecting it to hay fever remains anecdotal, gorse is ...


    Top 7: Favoriten trolig – leta skrällarna bakom
    Expressen
    Den enda som ens var nära att hänga med i Johaugs tempo när 10 kilometer klassiskt avgjordes i Beitostölen var Ingvild Flugstad Östberg. Hon var ”bara” 23,9 sekunder efteråt. Trean Kari Öyre Slind var 59,8 sekunder efter – och långt där bakom fanns ...


    Baltimore Post-Examiner

    Top 7 Tips for Promoting your Promo Codes on Social Media
    Baltimore Post-Examiner
    With the advent of the internet came new and more efficient ways of doing business. Today, any kind of online startup can begin thriving within a few months of its establishment. However, it's not all that rosy. You must exploit every possible avenue ...


    Guiding Tech

    We decided to check Instagram groups, and here we present you seven tips and tricks to use them like a pro.
    Guiding Tech
    Unlike other social networks or chat apps, creating a group on Instagram isn't straightforward. Meaning, you won't find a dedicated button or option to do so. Then how does one create a group? Well, the trick is to select multiple people while sending ...


    Student Loan Hero (blog)

    Top 7 Survival Tips for Your First Year Out of College
    Student Loan Hero (blog)
    “Don't only participate, do your absolute best to contribute at least 10% of your salary,” McNamara advised. “Fifteen percent is the ultimate goal!” The sooner you can start saving for retirement, the better off you'll be. That's because compounding ...


    chambanamoms.com

    Top 7 Ways to Save Money on Halloween Costumes in Champaign-Urbana
    chambanamoms.com
    Luckily, we have some money-saving tips to help you enjoy this magically, spooky holiday without any fear. (Well, financial ... People can then pick up (and continue to drop off costumes) on October 20 from 10 a.m. to noon at the Douglass Community Center.

    and more »

    Forbes

    The Top 7 Video Games Releasing In October (2018) - Forbes
    Forbes
    October has landed. Along with falling leaves, jack-0-lanterns and the first hint of cooler weather, this month brings with it a whole slew of upcoming video games ...
    HTML5 - YouTubeYouTube
    UK Charts: FIFA takes No.1, but physical launch sales plummetGamesIndustry.biz

    all 73 news articles »
    Google News

    10 Compelling Reasons Not to Downsize

    Almost daily, newspapers, business magazines, radio and television carry reports... Read More

    Making Money over the Internet : 5 Cool Tips

    The Internet is a fast growing medium, trancending the personal... Read More

    Seven Keys to Get Out of a Rut

    Rut -- a routine procedure, situation, or way... Read More

    10 Reasons to Use Online Banking

    With today's technology and people's need for more information it... Read More

    Top Ten Tips for Participating in Online Business Expos

    Are you ready for a BASH? Have you ever been... Read More

    The Lazy Person Secrets To Overnight Wealth And Fame

    There are so many simple, yet really sure-fire ways of... Read More

    How To Take Daily Big Rock Actions To Jumpstart Your Business Into Massive Momentum

    Do you know exactly what actions you need to do... Read More

    11 Things Small Business Owners Can Learn From Michael Dell

    1. Think Big ? In college, Michael Dell said he... Read More

    The Ten Best Kept Secrets For Protecting Your Business Property Against Theft

    1. Locks and Padlocks ? Locks on all outside entrances... Read More

    7 Things You Can Do To Weather The Lows Of A Business Cycle

    Hey, as hard as this may be for you to... Read More

    Seven Ways to Improve Your Results with Follow-up

    What follows is a bold statement, but sometimes it takes... Read More

    Top 7 Reasons You Should Back Up Your Data Online!

    How much is your data worth to you? In this... Read More

    10 Marketing Tips For Your Business

    Here are a few ideas to get you started, all... Read More

    Ten Ways to Strengthen Your Reading Habit

    Most people wish they read more. It is an activity... Read More

    Business Meeting Etiquette

    Business etiquette is essentially about building relationships with colleagues, clients... Read More

    7 Ways To Get One-way Links To Your Site

    One way links will help you gain better rankings in... Read More

    5 Things You Must Do Well When Buying a Business to Not Get Burned

    Are you not sure what Business to buy? Need to... Read More

    The 7 Keys to Business Success

    Do you run a business that seems to run you?... Read More

    Want a Web Site that Turns Lookie Loos into Buyers? Seven Passion Copywriting Tips

    Web Site Blues? Need one, don't know where to start?... Read More

    No More Lists To Remember

    Are the endless lists of Top-7's and Top-10's taxing your... Read More

    10 High-Impact Viral Marketing Strategies

    Viral Marketing is allowing people to giveaway and use your... Read More

    Ten Steps To Better Listening

    Talking is the least important half of any conversation. Listening... Read More

    Top Ten Ways to Develop New Success Habits

    1. Make a clear, specific commitment to what you want.... Read More

    Top Seven Reasons to Publicize your Business with Articles

    Do you want to be #1-10 on Google and other... Read More

    10 Tips to Successfully Use Business Networking as a Marketing Strategy

    Networking is probably the best way to build a profitable... Read More