How To Start A Business With Little Money?
August 19, 2020This article is for the guy who does not have work or wants to have a full-time. I want to share my choice and real life because right now I am a jobless guy in Cambodia, I have just resigned from my existing work as Business Director because I want to change the working environment and earn new experiences. After they found out I resigned from my work and did not find a new job said congratulations to me!!! I asked them WHY. HAPPY WHEN I DON’T HAVE A JOB. The reason is they encouraged me to run a new business by myself no need to find a new job is better than working for others.
I felt troubled after I heard that word because I didn’t have much money to run a business, but I appreciated what they recommended.
So HOW?
KNOW YOURSELF
After deciding to work for myself, I started to understand myself by focusing on the knowledge, capacity, and how to run a business without money or start a business with little money.
I founded that
- KNOWLEDGE: Based on my education and experiences of more than 20 years on the front line staff and upgrade to management level, I have confidence enough to manage the personal business.
- CAPACITY: I have a profession in accounting and marketing, and especially I have gained a lot of knowledge related to Digital Marketing because I have joined the affiliate program with a specialist group such as WealthyAffiliate (WA).
- LOW START-UP COST: If I want to run a business with little money the only thing is an affiliate program.
That’s why I decided to select the business online as my next career by developing a new website for selling products online.
Below is the process in which I am stepping into the online business with a little money you should take around 10 minutes to read for your guild line if you want to run an online business, especially for an affiliate program or sell production online.
START WITH RESEARCH THE BEST RESOURCE
Before I quit my job around a year I searched for the keys to make money online through the Internet (Google) as a result I found many scams from business sources and some sources are real but too expensive for joining the membership. Finally, I get the real source with the low start-up cost is WA.
Please remember that no sources are free to make money online because the free options, limit the scope of work. You can use some free tools but not all, if you want to attract the targeted clients or audiences you should find an attractive platform, but some costs are spent.
In February 2020, I started a joint program with the Wealthy Affiliate Program Free you can start with it as well, you will get the best experience from the Wealthy Affiliate Program more than what I told you.
STEP TO BUILD ONLINE BUSINESS
To build a business online successfully you need to follow the practical steps
- Step ONE – Choose your Interest: You must identify products or services you want to sell in the digital network by creating a niche brand idea for creating the website, for example, if I want to sell the products online, the name of my website must include the word “Online” or “Electronic (E)” and at the end, we select the website named www.svresale.com i.e. SVR is the abbreviation of my wife’s name, E mean Electronic, and Sale means the selling process. Thus, when the audiences scroll your website brand them the meaning of selling products online.
===>>> CLICK HERE FOR MORE DETAIL <<<===
- Step Two – Building your website: After you create a professional website, the purpose is to sell products or services online by referring clients or audiences to buy products or services that display or put the link on your website. For this step we recommend you buy a professional domain name and web hosting, that’s why I said to build a business online, the business needs to spend some cost on domain and hosting service, but the cost is not too much. You can order through WA or other sources, it’s up to you. In case you do not know and you are a member of WA I recommend hosting from WA because there are free packages you can use up to 25 domains. For my website, I purchased the domain and hosting from the Wealthy Affiliate Program because I don’t have much experience related to building a website, domain, and hosting to make it easy WA is preferable. Currently, I am selling AMAZON PRODUCTS and an affiliate marketing program and promoting Amazon Products with social media such as Pinterest, Telegram, Instagram, Facebook, etc.
- Step Three – Attracting your Clients or Audiences: This is an important point you need to know because it’s the same as the marketing strategy. Even though your website is perfect and very attractive as you have a good shop with the best design, the clients do not come and buy your products if they don’t know you shop. First, let clients know you are running a shop to make clients buy your products. Thus you should promote your website to reach your target markets, clients, or audiences.
- Step Four – Earning money as much as you want: After your website gets traffic, people know about your site thus your shop has the clients to enter. This is a good opportunity for you to sell the products or services, you can display all products whatever you want on the online store you can do all kinds of business online, but consider whether the condition of your site fits your selected products or not.
===>>> TO SELECT THE TYPE OF BUSINESS ONLINE PLEASE CLICK HERE <<<===
Please take into account focusing on the quality of your products or services if you want the existing clients to come to your site again and again.
LEARNING AND LEARNING
All businesses can not remain in the same condition without updating their products or services because today is the High-Tech era and all businesses are equipped with technology. For maintenance clients or audiences, you should develop all the sectors of your business by doing more research and getting more skills to improve your site.
CONCLUSION
After I started doing business online with affiliate marketing by focusing only on selling AMAZON PRODUCTS with my website I committed to my 6-month plan to make money, and as a result, appeared in just only 3 months. I can sell out AMAZON PRODUCTS and have earned commission from it.
!!!! DONE!!! I CAN DO IT! I believe you also can do that.
Please note that I follow the steps in the lesson on WEALTHY AFFILIATE, if you want to succeed you should follow all the recommended steps as well.
===>>> CLICK HERE TO JOIN WEALTHY AFFILIATE TEAM <<<===
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Thanks for reading this article, If you have any questions or doubts, please drop your comments below.
Kicking off a venture with minimal funds certainly seems like both a bold and practical choice. What I found thought-provoking is the balance between leveraging personal skills and choosing a cost-effective platform strategy. Which step, in your experience, tends to be the most challenging for beginners: finding a niche that truly aligns with their strengths, or figuring out how to attract the first wave of traffic on a shoestring budget? Also, when building credibility from scratch, have you found certain marketing channels (like social media versus email outreach) more effective at converting visitors into actual earnings? And if affiliate platforms or low-cost hosting were to change, say with higher fees, what contingency tactics would you recommend?
Thank you so much, Sir, who always provides good questions.
That’s an excellent and insightful set of questions. It cuts right to the core challenges of bootstrapping a venture. You’re already thinking like a strategist, which is a huge advantage.
The Most Challenging Step for Beginners: Niche vs. Traffic
In my experience, the most challenging and consequential step for a beginner is finding a niche that truly aligns with their strengths, interests, and market viability.
These are the reasons
– Attracting Traffic is a Technical Problem: Figuring out how to get your first wave of traffic is a challenge of tactics and execution. You can learn SEO, run micro-budget ads, create compelling social content, or engage in online communities. While it requires immense effort and consistency, the paths are relatively well-documented. It’s a problem you can solve with persistence and experimentation.
– Finding the Right Niche is a Foundational Strategy Problem: This is far more abstract and difficult. It’s not just about what you’re good at, but about the intersection of four critical things:
1. Your Strengths: What skills do you possess that are difficult for others to replicate?
2. Your Passion: What subject can you happily create content about or work on for 2-3 years before seeing a significant return? Burnout is the number one killer of ventures.
3. Market Demand: Is there a group of people actively searching for solutions to a problem you can solve?
4. Profitability: Is that audience willing and able to pay for a solution?
Getting the niche wrong means any traffic you generate is wasted. You could be a master of SEO, drive 10,000 visitors a month, and still make zero dollars because you’re serving an audience that doesn’t need or won’t pay for what you offer. A well-chosen niche, on the other hand, almost creates its own gravity. Your message resonates deeply with a specific group, making your marketing efforts ten times more effective.
Conclusion: Solving the traffic problem for the wrong niche is like expertly navigating a ship in the wrong direction. The foundational work of choosing the right destination (the niche) is the harder, more critical challenge.
Credibility and Conversion: Social Media vs. Email Outreach
When building credibility and converting visitors into earnings from scratch, email outreach and list-building are significantly more effective for conversion.
Think of them as having two different jobs in your marketing funnel:
– Social Media: This is your top-of-funnel engine. It’s for discovery and audience building. You use it to demonstrate expertise, showcase your brand’s personality, and attract people who are casually interested. It’s excellent for building broad credibility and driving initial traffic. However, you’re competing with endless distractions, and the platform’s algorithm controls who sees your content. Conversion rates are typically low because you’re “renting” the audience’s attention.
– Email List: This is your mid-to-bottom-of-funnel engine. It’s for relationship building and conversion. When someone gives you their email address, they are giving you permission to enter their personal digital space. This is a much stronger signal of interest. You own this channel. There’s no algorithm hiding your message. This direct, one-to-one communication is where you build deep trust, provide immense value, and can effectively make an offer.
The most effective strategy is to use them together: Use a compelling social media presence to drive people to a valuable lead magnet (e.g., a free checklist, a mini-guide, a webinar) so you can get them onto your email list. Then, use your email list to build the relationship and generate earnings.
For a beginner, your first 100 email subscribers are a far more valuable asset than your first 1,000 social media followers.
Contingency Tactics for Rising Platform Costs
This is a fantastic question about mitigating platform risk. If low-cost hosting or key affiliate platforms change their fee structures, it could cripple a bootstrapped business. Here are the most robust contingency tactics:
1. Diversify Your Income Streams: This is the golden rule. Never let more than 50% of your income rely on a single source.
– Multiple Affiliate Programs: Promote a variety of products from different networks (e.g., Amazon Associates, independent affiliate programs, networks like CJ or ShareASale). If one cuts commissions, you aren’t wiped out.
– Create Your Own Product: This is the ultimate contingency plan. An ebook, a digital template, a small video course, or a paid newsletter puts you in 100% control of the pricing and profit. It transforms you from a referrer into a creator.
– Offer a Service: Based on the skills you’re demonstrating, offer consulting, coaching, or freelance services. This can provide a stable cash flow injection that is independent of platform fees.
2. Own Your Platform and Your Audience:
– The Email List is Your #1 Asset: I can’t stress this enough. If your web host triples its prices, you can migrate your site to a new host in a day. You can export your email list and import it into a new service provider. You can take your audience with you. It’s your portable business.
– Use Self-Hosted, Open-Source Software: Building your primary website on a platform like self-hosted WordPress (WordPress.org) gives you maximum control. You can move it to any compatible host at any time. Proprietary website builders can lock you into their ecosystem, making it difficult and expensive to leave.
3. Maintain Financial and Technical Buffers:
– Lean Operations: Constantly review your subscriptions and expenses. Do you really need that expensive software, or can a free alternative do 80% of the job?
– Regular Backups: Implement an automated, off-site backup system for your website. If you need to switch hosts quickly, you won’t be starting from scratch.
– Build a “Pivot Fund”: As you start generating profit, set aside a small portion (even just 5-10%) into a business savings account. This fund gives you the breathing room to absorb unexpected price hikes or invest in migrating to a new platform without panicking.
By focusing on diversification and ownership, you build a resilient business that isn’t beholden to the whims of any single platform.
Great topic of HOW TO START A BUSINESS WITH LITTLE MONEY? is very important for me because I also be the one who want to make money online. I hope you will make more topic related the digital marketing.
Thanks for your great work and well done brother.
Great to hear your comments and useful idea, we will do all my best too develop our site to support the online money maker.Thanks
Your story on how you go about starting your online business by joining W.A. was awesome. You’ve laid out some very good steps which can help others. I like the part where you choose your wife’s abbreviation and some other letters with meanings to make your business name a unique one. It is also catchy and easy to remember. I am a premium member with W.A. and it is one of the best way to go about starting a business without making a hole in anyone’s pocket. Thanks for the article.
Thanks for your sharing good idea and support.
Your website is very informative and I thoroughly enjoyed reading it. How did you discover Wealthy Affiliate? Is it really free to join? I really dislike trying different systems and scams online and am always fearful that I am looking at scam websites and am trying to figure out what is or is not a scam. I have tried a couple of different ways to have a business online and ended up spending a lot of money. I like that Wealthy Affiliate is free to start. You gave 4 steps that seem really easy as well. I am wondering if there is a lot more training at Wealthy Affiliate? I am interested and this sounds like a great way to build an online business. Thanks for this.
Thanks for your comments brother. I have joined with Wealthy Affiliate more than six months and get the fruitful result with best consultation and training modules.
There are 4 training modules such as Online Entrepreneur Certification (50 lessons), Affiliate Bootcamp (70 lessions), and so on.
For starting please check here
Hello there!
Thats a very unique, helpful and amazing guide there. Many people actually wish to start a business but are usually held back becaus they only have little capital to start with. This article will be of great benefit to people in this category. It will really help them to start their businesses and do fine with it even though they have only little money to start with.
Thanks.
Thanks for sharing your good idea sir.