Starting a Business with Low Investment
Are you looking for small business ideas with low startup cost? The level of unemployment has pushed a lot of people especially youths to look into starting up their own businesses. This is mainly to have an income and better their standard of living.
It is very sad to say that most of this people have the ideas and very good ones I must say, but they lack the means to develop on this idea and build up an empire for themselves. A business is anything that provides or renders services for a cost.
Although this definition gives a precise meaning to business, it does not in any way do justice to the term. I see business as a venture that provides services for the comfort and satisfaction of the customer. This is because a business should not be built mainly on the profit that is to be made, but on how much services can be rendered and how happy a customer is by the services rendered.
What business are some small low budget business ideas with low startup cost? Before starting a business venture an idea is required, this idea could be inspired either by personal experiences, an incident on a bus or at a train station, while reading a book or general observation, whatever the source of the business idea, it is important to research on it.
Research is very important in fact it is a determinant to the success of even the best low capital home business ideas. What you would be researching on are;
- 1. The possible success of the business.
- 2. The success of businesses in the same line.
- 3. The cost implication of starting such a business from home.
- 4. How to register a business venture.
- 5. How the services you plan to render can impact people change lives.
Without mincing words, starting up a business is capital intensive. it requires a good amount of capital as the capital is the seed that will be planted to produce what is a successful business. Money they say makes the world go round though getting this money poses a big problem. Starting up a low cost business is quite easy I must say, it basically involves using other means to start up a business with as little capital as possible.
The general notion that exists about starting a home based business it that a lot of money is required in the set up, that is why a lot of people source for loans from banks and associations.
Debt is a wrong step to start a low cost startup business in India with in fact most profitable small business with low investment that were started on debt had to rely on debt till they packed up reason being that whatever money was gotten, was used in paying back the loan collected and we all know that loans come with interest.
After spending years paying the loan collected, once the payment is complete they realize that they have nothing left, taking them back to the beginning, now instead of gaining they have lost a great deal. This is just one example out of a hand full.
There are few tips I will give you on how to start up a business with as little money as possible and still acquire a successful business to start up at low cost at the end without applying for a business loan.
When you hear publicity, what comes to mind is television adverts, radio jingles, news paper publications, posters, bill boards and so on. It is true that all these are forms of publicity and the cost a lot of money to execute, but there are other forms of publicity mediums that would achieve the same result as will the television adverts and so on.
The social media is one tool that has been given to humanity that can be used to do exploit. But as painful as it is, it has been under utilized and its value diminished to mostly pictures and daily activities.
I just started a food business opportunity, and when I first started my biggest challenge was the capital to throw jingles on radio, do adverts on the television and so on then I made a realization that has turned my small business opportunities around what I began doing was cooking and taking photo shots of the meals I had made then post them on Facebook and then tag my friends and I made sure that they also shared my posts on their wall this has gotten me enough publicity so far and I have gotten some very interesting jobs.
Social media can be used as a medium to build up many inexpensive businesses to start at no cost. It can be used in various ways. For instance you can create for example a Facebook account, a website and an Instagram account just for the purpose of your business venture. If you are able to do this religiously, it is a big boost for your business.
Another means of publicity is your contact, most times we target people who are beyond our immediate reach and because we cannot reach them we get discourage. What you can do is write down the name of all the people you think can patronize your business on your phone contact list then call them informing them of a good lucrative business you just started and how you would want them to be one of your first customers.
Publicity is a one great tool to startup a low cost business start up.
Consistency is paramount in every business, where it is lacking, it kills the business entirely. When starting up a business it is important that your advertisement gives out correct information about the services you are providing because once there is a wrong perception of the services rendered, it is a big business killer. It kills the customers trust and relationship. The only change in a business should be improvement in the services rendered.
The packaging of a business idea can provoke sponsorship which is a very positive step in business. Packaging is the entire characteristics of a top business. It is all the elements that make up a business and makes it what it is. As someone who is going into this branding business, your business should be able to meet a need in the lives of your customers.
Starting up a low cost business can be fun but it requires a lot of time and efforts to build a very successful business empire in South Africa or the UK, which will be worth the while if the right steps are taken and the right strings pulled. So build that small low cost startup home business idea for women, men, youth, adult, kids and even old people and make an impact in the lives of people. Good luck.