This is a question I have been asked and today I have decided that I will give an answer with a clear explanation and I hope you get this and find it helpful?
There are so many beautiful things about starting an online business and Another beautiful thing about starting an online business is the fact that it doesn't need as much money as opening a physical business. This means you can kickstart your dream business without needing loads of capital upfront. This means that if you have a business idea or a knowledge that can solve a particular problem for people, money won't be the problem for you to launch it. A while ago I would have actually build up this mindset till date but thank God for a change and improvement of knowledge along the line. Before you come to attack me I beg you to please read this publication to the very end and as well drop your contributions be it disagreements so I can learn from you as well. Here's why it is very much possible:
1. You don't need to bring out money for a office space: Your online business operates from the comfort of your home or anywhere with an internet connection.
2. For businesses that need websites: there are tons of free platforms and tools to help you get started. For instance, you can set up a website using platforms like WordPress, Wix, carrd, or Squarespace for free or at a low cost. These platforms offer templates and easy-to-use tools to create a professional-looking site without hiring a web designer.
3. Social media platforms: like Facebook, Instagram, and Twitter are free to use and great for marketing your business. You can create pages, share updates, and engage with your audience without spending a dime.
4. While paid advertising is very effective: in drawing attention to your business, there are also plenty of free marketing tactics you can use to promote your business. Content marketing, email newsletters, and search engine optimization (SEO) are all low-cost strategies to drive traffic to your website and ofcourse, your business.
5. For those interested in selling physical products: you can consider dropshipping, where you don't have to buy inventory (products) upfront. Instead, the supplier ships the product directly to the customer, and you earn a commission on each sale. This eliminates the actual need for a storage space and at the same time upfronts an inventory costs to it.
6. When you need extra help with tasks: like graphic design, content writing, or website development, you can find freelancers on platforms like Upwork or Fiverr. If you cannot afford this still, you can use a free platform like Canva for your designs. YouTube has tutorials for you to learn.
However if you want to offer services from a skill,(a high income skill), you can either leverage YouTube to learn or you pay a mentor who has proven results in the skill you are interested in, this will help to reduce your learning curve. Using these free or low-cost resources, will help you start an online business with minimal financial investment. Nothing should hold you back from starting your own journey as an online entrepreneur.
