While it’s easy to start a business online for next to nothing, if you want to make a significant impact, it’s still going to cost you a lot of money. There is, however, some incredibly useful ways of ensuring you don’t overspend, keep your costs down, and get started with your new business idea as soon as possible Let’s take a closer look.
Clearly, if you are going to make any headway on the internet, you are going to need a website. The trouble is that web developers – good ones, at least – are expensive. Fortunately, there is a huge range of options. You can hire top-quality web devs from India these days for a fraction of the price they will cost you over here. And there are many different website builders on the market today which can give you quite stunning results – even if you don’t know how to code.
Utilize the cloud
The great thing about starting an online business these days is that the cloud is now fully up and running. In the early days, you would have to invest in expensive network equipment and databases to start a real business online – not to mention the fact you would have to have somewhere to keep them. But with the cloud, you just pay for what you need, someone else takes care of the updates and security, and you can scale up your service levels as and when you need to. It’s been a boon for small businesses who can get started straight away and don’t have to risk investing vast sums of money in systems and servers.
Become a middleman
While it’s never been easier to set up an ecommerce business, there is one inherent problem – you still have to buy inventory to sell. Thanks to the rise of SaaS marketplace builders, however, it’s a lot easier for businesses of all kinds to get started on the web – without having to invest in a huge range of stock. Once your marketplace is up and running, you effectively act as a middleman for multiple vendors, selling to customers and taking a fee off each merchant you help out. The same principle is involved when you start affiliating for other services – you attract customers on your product seller’s behalf, and they pay you a healthy commission.
Finally, one of the biggest costs of starting a business is finding a home for it. The second you start renting out office space, it‘s going to eat into your funding a lot quicker than you realize. There’s rent to pay, of course, plus utilities and equipment. It’s likely you will have to pay service charges, too, and you will need extra insurance as well. However, it’s easy to cut these costs out entirely by using remote working to kickstart your business. No one has to meet in person ever – although of course, we don’t recommend this in reality – and you will find you can still have productive meetings using Google Hangouts and Skype, as well as project management software.
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