While this may sound like a soundbite, being able to start a business with $1000 or less is a lot more common and straightforward than you think.
Frankly, you don’t need to begin your business model with a plan to become a multi-millionaire overnight. This isn’t how businesses work, especially online. Although more business owners are proactive with their digital approach, a large social media presence is essential for any business.
With immense opportunities for innovation, the internet has created mammoth industries and their consequent platforms that operate solely online.
For instance, Bodog.eu is a crypto-powered casino provider, which utilizes a RNG (random number generator) to eliminate illegitimate activities. By the same token, platforms like Amazon, Payfit, and Wix provide users with maximum privacy, featuring all their services in the digital realm, which attracts many.
The benefit of having a strong online presence online is that you can build trust with your audience and save money on additional costs on digital strategy.
Suppose you have a presence on Instagram or Facebook that has high engagement and can organically spread the quality of your business. In that case, you are starting in the strongest possible way, as customers perceive you as a credible persona.
With this in mind, we will examine three businesses you can start with $1000 or less.
Write A Book
Becoming an author may sound like a fantasy. Who has time to write a book in today’s society? We barely get a moment to ourselves, never mind writing a book. However, you don’t need to give yourself a timescale for this project.
It can take many published authors years to write a book, so don’t put too much pressure on yourself. You may have heard that everybody has at least one book in them.
If you are somebody who has always wanted to write a book, you may have wondered where to begin.
However, the internet has now provided you with the best opportunity to start. Whilst you may not write a novel that sells 150 million copies and is turned into a legendary franchise like Lord Of The Rings, many authors make a living by self-publishing online.
You can pen a book on any topic of your choice and publish it whenever you wish.
You can write, publish, and advertise your book with minimal costs. You can do it for far under $1000. If your book becomes popular and makes money, you have successfully started a business with minimal overheads.
With the rise of huge photo-hosting websites on the internet and many of us having high-quality cameras in our pockets 24/7, the photography sector has become a saturated space.
If you want to become a professional photographer with a high-end piece of equipment, this will likely cost you more than $1000 at some point.
However, if you are looking to start, you can use a high-tech mobile phone, or you can purchase an old vintage camera for much less than $1000 and begin on your way immediately.
With plenty of online material that will teach you how to get the best pictures, develop them yourself and distribute them online, this could be an exciting and cost-effective way to enter your chosen field of art and expression.
Social Media Manager
Moving away from creative industries, social media management is a new job role that has become popular in the last few years.
As we discussed in the opening section, if you want to start your business, you must have an online presence that matches your competitors or, ideally, exceeds them.
Whilst we are not saying social media managers do not need to be creative in their roles, the importance is placed on providing a positive public image for their company.
Social media managers can also encompass other roles, such as SEO consulting.
Every large company that operates in today’s society needs to have a social media account where they can be contacted by customers and release news.
As most people now get their news and updates via social media, a business must have a notable profile that is easy to identify and connect with if they’re active on platforms like Instagram or Twitter.
Due to the size of social media, social media managers can perform their duties for a range of different companies.
Social media managers can work for a large corporation, a small law firm, a restaurant, an airline, a fashion label, or hundreds of other companies.
While starting with a 4-figure sum may seem daunting and a serious leap of faith, hundreds of successful business owners, started with far more or with a much bigger portion of their savings.
Even though we have touched on a trio of exciting, new and interesting roles you can undertake with your $1000 in hand, there are many more you can choose from.
Ultimately, this is the tip of the iceberg when it comes to creating your own business and becoming the author of your empire.
You know your strengths and weaknesses; it is all about playing to your strengths and downplaying your weaknesses to create a successful business in your chosen field.