A little perspective

[Ninjakid]

If India can send a probe to Mars for $70M, you can start a profitable business for $700.

That's actually I want to say. K thanks bye.

 

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[Ninjakid]

Sigh... okay, the point is you don't need a grand inheritance from some distant uncle as start-up capital for your first business. You can make do with what you have. YOUR INPUT will ultimately make the difference. Okay seriously now, bye.

 

[Vigilante]

What If you don't know where to begin?

 

[Ninjakid]

What If you don't know where to begin?

Reading about business, studying other accomplished entrepreneurs, a bit of abstract inspiration, and it definitely wouldn't hurt to check out this forum.

 

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[The Grind]

What if you read so much you get paralyzed because you learn so many things of what not to do?

 

[Ninjakid]

What if you read so much you get paralyzed because you learn so many things of what not to do?

You mean like how the vast majority of the population views things like investing and starting a business? They should unlearn everything, and find their own formula.

It's interesting that you bring this up, because I myself read so many conflicting points of view about what you should and shouldn't do. Everything from you should wake up early, to you should stop buying starbucks, or you should work somewhere for the experience etc. etc. etc.

My approach is do what you want, make your own rules.

 

[Mattie]

How do you advertise your business and get traffic to your products on a website for $700 dollars? Ha Ha! this is a major part! Like to know you're answer.
And how long do you might think you need these advertisements and what if you run out of the $700 before you make a profit?

 

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[Ninjakid]

How do you advertise your business and get traffic to your products on a website for $700 dollars? Ha Ha! this is a major part! Like to know you're answer.
And how long do you might think you need these advertisements and what if you run out of the $700 before you make a profit?

I've actually never paid a cent for advertising.

But I'm willing to take someone's money if they would like me to sport their advertisements

 

[Y.B.]

How do you advertise your business and get traffic to your products on a website for $700 dollars?

You start a crowdfunding campaign begging people to donate money so you can turn that $700 into $100,000 to use the $100,000 to grow your business to $1 million

 

[Ninjakid]

You start a crowdfunding campaign begging people to donate money so you can turn that $700 into $100,000 to use the $100,000 to grow your business to $1 million

This.

 

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[Mattie]

Well with that advice the $700 dollar man in your scenario would fail. Why? Without social media marketing, or advertising some how to allow other people to know where you're at no one would find you. You have to have some way to bring traffic to your site to buy your product. You can't just create a website and wait for someone to show up, because it doesn't happen.

Crowdfunding I can't say for sure, but I've watched plenty of people bomb out on on it. Maybe their product or the way they presented it, I don't know. Some people succeed at that and some don't.

 

[CaptnCaveman]

Most/if not all social media is free so I'm not understanding why you couldn't market there for free to drive traffic to your site? Business cards are cheap to have made. And there's always good ol' word of mouth. Where there's a will there's a way. If I only had $700 to start a business I surely wouldn't spend it all on advertising.


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[Charnell]

That's one thing I hate about the wantrepreneurs I know at school. They all think you need a $240,000 bank loan or venture capitalists to do anything worth while. I'm just over here having fun making things happen with pocket change.

 

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[Ninjakid]

Most/if not all social media is free so I'm not understanding why you couldn't market there for free to drive traffic to your site? Business cards are cheap to have made. And there's always good ol' word of mouth. Where there's a will there's a way. If I only had $700 to start a business I surely wouldn't spend it all on advertising.


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THANK YOU!

 

[oble01]

I agree!

Of course you can start a profitable business with $700 or much less. Surely profitable simply means the business earns more than it spends.

I think it has been said 1000 times already on this forum but the aim should be I get one paying customer. Just get one sale then move forward from there. As you earn, you learn you reinvest, and grow.

I think the issue is some people think they need to build a "perfect" business before they go promote it. Although id argue even that's achievable with less than $700, especially on a small scale to start.

Just my opinion.


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