Starting your own business is an extremely fulfilling and fantastic experience. It gives you the freedom to work for yourself and expand your business skills and personal confidence. But money, sadly, does not grow on trees. Most people these days are on a budget and do not have endless funds to invest in their own company. But not every business needs to break the bank. There are plenty of options for a budding business-savvy individual to dive into when on a budget. Below are just five of those many options.

Clothes

As many things become obsolete, clothes are one of the most consistent and profitable markets on the planet. Ranging from super cheap to expensive, there are clothes for every price range. And it is this upside that makes selling clothes such a viable and safe business idea. Using drop shipping you can reduce costs even more and simply work as a middleman between the customers and the wholesaler. By doing this you will reduce your costs and only have to focus on creating a website/app and investing in marketing and research. And since clothes are so diverse in the price you can pick your target price range.

Tree Surgery

Many people in areas with heavy forestation are constantly looking for a tree trimming service. For those with the tools and the physical ability to get out within the trees, this is perfect. Tree surgery incorporates everything from removing unwanted trees to handling tree diseases. Many keen gardeners often want their trees trimmed to perfection or tree stumps sanded down for decoration purposes. Perhaps you have always had a green thumb and if that’s the case then this would be a perfect business for you. And cost-wise there is very little overhead. Simply investing in the necessary hardware, transport and advertising.

Personalized Crafts

For anyone who is a bit more creatively inclined, this could be the one for you. There has been a massive increase in people selling their crafts online or in marketplaces. Nothing is more personal and unique than something hand-crafted. In terms of cost, this route is fairly cost-effective. You can often charge people for parts and time and simply get in the equipment as and when you need it. This means you don’t need to buy large amounts of stock and risk it going to waste. All you need to do is to make sure you spend a lot of time on your advertising.

Cleaning

Cleaning services are a solid business idea. There are thousands of people with money and a need for a cleaner. You could easily fill that need. All you need to invest in is cleaning supplies and transport and advertising. Once you’ve done that you can start working almost immediately. And a business like this is excellent for word of mouth advertising. Do a good enough job at one house and soon you will have more jobs rolling in. Never underestimate the cleaner.

Painter

This one is simple, yet extremely in demand and highly effective as a business. people are constantly doing interior decoration and not everyone has the time or know-how to tackle the task of painting themselves. This is where you come in. You need to invest in brushes, tarps, ladders and other painting equipment. The client will be paying for the paint which you will buy as and when it is needed, reducing overheads. Again your biggest costs will be transport and advertising. But word of mouth is, again, invaluable in a line of work such as this.

Registration

Before you start any blue collar business it is a must that you actually register said business. This is simply due to ruling, as before you can start working on any job you will need to pass both an inspection and receive your city license. Registration will also allow you to truly make your business Your business. Allowing you to put a stamp on your company be it name or logo to be permanently registered in your city of choice. Giving you that sense of closeness to your business that you truly desire.

Funding

After you have registered your business it may be an idea to try and find support from government finance schemes. If you are looking to expand your work force it may be a good idea to look into the Canada Job Grant, which will offer your company 10 000 dollars in trainee grants to enhance your workforce. Another important program for your small business would be the Canada Small Business Financing Program, which can offer loans of up to 1 million dollars. Giving your business important funds to expand and grow.

Bid for Jobs

It is no great secret that to secure your first job you will have to underbid your competition. This is due to the importance of a pre-established reputation, so in order to build this reputation you need to build a resume. For example, if someone were to place an advert to paint a house for let us say 3000 dollars you should offer at a fifty percent mark down rate. If you are smart you will ask your client to buy the materials themselves, this will bring the costs down and some of the confusion of your early paint purchases. As you build this reputation you can slowly bring the costs up with it, but it is imperative that you build your portfolio.

Create a Website

The next step in starting your painting business is building a website. An idea that is true for any business is that to take said business to the next level you need to build a professional and modern website. In the modern age it is no understatement to say that your website is the face of your company, this will attract new customers giving your birthing business a sense of prestige that is hard to build from simple work.

Advertisement

Finally, one of the most important steps is building your profile. This will involve the purchase of billboards, radio and television time and handing out flyers. This word of mouth is essential in creating a noticeable brand. This notoriety is craved for by young businesses and is often the biggest stumbling block in taking businesses to the next level. What is standing in the way of a painter in Calgary from taking his business nationwide? It is quite simple it is his reputation. You need to get your name out there.

If you follow these five key steps you will be well on your way to creating a strong Canadian painting business, just be patient and stay committed.

Starting a Drop Shipping Business is a great way to invest in your future. It is a modern way of bringing in income and flexing your business mind. Below is a brief guide to getting started in the world of Drop Shipping.

Select a Product

The great thing about Drop Shipping is you never have to handle the product yourself. You are simply working as the middleman allowing customers to purchase products directly from the wholesaler.

To this end, your first move is to decide what you will be selling and from where. For example, if you were looking to sell customized silicone wristbands you might look at partnering yourself with a company like SleekWristbands.com.

Once you’ve decided on what you will be selling you simply have to get the wholesaler on board and get things set up and you are on your way.

Website / App

You’ve selected your product. The next step will be to create a functioning website that will allow customers to place their order. Creating a working app will also help. The key is to make sure both these things are functional and easy to navigate. Don’t be afraid to sink some money into getting a professionally made website. The better your site or app, the more likely you are to get orders.

Your website or app will be the face of your company, so make sure it is showing off what you are all about. Spending time and money to make this perfect will pay off in the end.

Marketing

You’ve got your product and a working system that your customers can place their orders with. Now the big part. Marketing. This is the part you will want to really dedicate your time to. And it is something that you won’t stop doing the whole time you are running this business.

The first thing is to find out what your target audience is. You need to know what age demographic you are aiming for. What type of people within that age range is going to be buying this product as well? This will greatly influence how you market.

The second thing is to decide how you will be marketing. Do some research into what marketing methods work best for your target demographic. And then see how you can go about using those methods to your advantage. If you are using social media, look into how to create posts that will get more views. If it is a print advert, look into investing some money into getting a professional-looking advert made.

Keeping on top of your funds.

Make sure you are keeping on top of your income and expenses. Mainly so you aren’t getting ahead of your self but also for tax purposes. While it may not seem like an ordinary company you will still need to conform to the normal business practices when it comes to taxes.

Knowing how much income you are making will also allow you to reinvest into the company.

The life of an online entrepreneur is that of risk, unlike a full-time job there is no safety net to being an online entrepreneur and can be a difficult industry to enter, you are your own boss and every pay-cheque comes down to you and you only. Despite, these risks the rewards involved in entering the ever-growing online world are countless.

To enter this world you need to have confidence in yourself it is highly likely you are going to receive knockbacks, it is highly unlikely that you will enter this world and become an instant success. If you are prepared to take a lesson from these mistakes and keep growing, keep moving forward, you will eventually find your gold mine. Remember every knockback is a lesson so be your own harshest critic, and you will find your feet in this new world.

As I mentioned in the introduction this world can be quite isolating, so it is extremely important to create as many links as possible with people currently in the online sphere. These links

Try not do everything yourself