Advertising

5 Online Businesses You Can Launch with Little Startup Capital

Advertising
5 Online Businesses You Can Launch with Little Startup Capital

The entrepreneurial dream is alive and well, yet many would-be entrepreneurs don’t pursue their dreams because they think it takes a lot of money to start a business. Sure, there are some businesses that will require a pile of available capital, but there are also several businesses that can be started with very little funding.

Starting an online business has its advantages: working from home or any remote location in the world, while also having complete control over your schedule and career. Also, there are several online businesses that can be started with very little capital.

Thanks to the internet, it’s actually quite simple to launch an online business, even if you are strapped for cash. Here are five examples of online businesses that you can successfully launch without breaking the bank.

1. Social Media Influencer

Wait, what? Is this a real business?

Advertising

The answer is yes and it can also be a very financially rewarding one.

A massive loyal following can translate into a huge payday and lucrative opportunities on social media. Large brands pay influencers to promote products to their followers and many “online celebrities” became relevant simply because of their social following.

Some social media influencers with high engagement are earning thousands of dollars per post, but for good reason — this form of advertising works and works very well. When a product or service is introduced via an influencer, there is a much lower barrier to break through. The audience connects that brand with the individual they follow, creating a much easier path to purchase, with less friction than traditional advertising and marketing.

2. Subscription Box Company

If you take a look at the types of subscription box companies out there, you will see there are options for almost everything you can think of. Why? Because they are incredibly popular and many experts predict that they will only become more popular over time.

Advertising

Consumers love to receive packages in the mail, which is one of the reason Amazon is so popular. Subscription boxes give consumers what they crave — something that’s trendy combined with the thrill and joy of opening up more boxes every month.

There are many companies that receive free product or samples from companies to use as box filler, which greatly reduces the cost of operation. The key is to build up a large audience of subscribers and leverage that targeted market in order to secure free or reduced product.

Pick a topic that you are truly passionate about, as it will make the hard work required to launch a successful subscription box company more enjoyable.

3. Graphic Designer or Website Developer

Do you know how to write code or do you have graphic design skills? If so, there is a large market for skilled freelancers. You get to control your hours and pick the clients you work for. You control your pricing, work on projects that interest you and have the opportunity to earn a very comfortable living.

Advertising

Put together a portfolio and then get yourself out there on some of the popular freelancer websites, such as Freelancer or Upwork.

4. T-shirt Company

Starting a t-shirt company can be very affordable than it was in the past, thanks to print on demand options. Before, you would have to order inventory in huge quantities, in several colors and sizes.

Many t-shirt companies would quickly go out of business because they were putting out so much money in inventory and then getting stuck with colors and sizes that weren’t popular sellers.

It’s now possible to launch a t-shirt company by using social media to create a buzz and generate sales. The brand Chummy Tees is a perfect example of how you can take creative designs and phrases and turn it into a popular apparel line.

Advertising

5. Freelance Writer

The new generation of job seekers can’t write. Blame technology, especially text messages. Everything is shorthand, which has created a huge problem, but a huge opportunity for those that have perfect grammar and writing skills.

Almost every company these days is doing content marketing these days, and they desperately need quality writers to produce their blog and website content. Demand for excellent writers is at an all time high and companies are willing to pay for quality.

Skilled writers have plenty of lucrative opportunities waiting for them.

More by this author

15 Tech Industry Inspired Office Furniture & Layout Trends 14 Biggest Pay-Per-View Buys in Sporting History (Infographic) Twelve Online Tools to Run a Remote Business 8 Ways to Avoid Headache While Working Online 3 Ways Traveling Makes You a Better Entrepreneur

Trending in Work

1 Why Personal Branding Is Important to Your Career 2 How To Boost Employee Motivation During Difficult Times 3 7 Effective Ways To Motivate Employees in 2021 4 How To Stay Motivated As You Build Your Business 5 15 Smart Video Conferencing Etiquette Tips to Follow

Read Next

Advertising
Advertising

Last Updated on August 25, 2021

Why Personal Branding Is Important to Your Career

Advertising
Why Personal Branding Is Important to Your Career

As a recruiter, I have met and interviewed hundreds of candidates who have no idea who they are.

Without a personal brand, candidates struggle to answer the question: “tell me about yourself—who are you?” They have no idea about who they are, what their strengths are, and how they can add value to the company. They present their CV’s believing that their CV is the key to their career success. In some ways, your CV still has its use. However, in today’s job market, you need more than a CV to stand out in a crowd.

According to Celinne Da Costa:[1]

“Personal brand is essentially your golden ticket to networking with the right people, getting hired for a dream job, or building an influential business.” She believes that “a strong personal brand allows you to stand out in an oversaturated marketplace by exposing desired audiences to your vision, skillset, and personality in a way that is strategically aligned with your career goals.”

A personal brand opens up your world to so many more career opportunities that you would never have been exposed to with just your CV.

What Is Your Personal Brand?

“Personal branding is how you distinctively market your uniqueness.” —Bernard Kelvin Clive

Today, the job market is very competitive and tough. Having a great CV will only let you go so far because everyone has a CV, but no one else has your distinct personal brand! It is your personal brand that differentiates you from everyone else and that is what people buy—you.

Your personal brand is your mark on the world. It is how people you interact with and the world see you. It is your legacy—it is more important than a business brand because your personal brand lasts forever.

Advertising

I have coached people who have very successful careers, and they come to me because they have suddenly found that they are not getting the opportunities or having the conversations that would them to their next role. They are having what I call a “career meltdown,” all because they have no personal brand.

A personal brand helps you become conscious of your differences and your uniqueness. It allows you to position yourself in a way that makes you stand out from the pack, especially among other potential job applicants.

Don’t get me wrong, having a great CV and a great LinkedIn profile is important. However, there are a few steps that you have to take to have a CV and LinkedIn profile that is aligned to who you are, the value you offer to the market, and the personal guarantee that you deliver results.

Building your personal brand is about strategically, creatively, and professionally presenting what makes you, you. Knowing who you are and the value you bring to the table enables you to be more informed, agile, and adaptable to the changing dynamic world of work. This is how you can avoid having a series of career meltdowns.

Your Personal Brand Is Essential for Your Career Success

In her article, Why Personal Branding Is More Important Than Ever, Caroline Castrillon outlines key reasons why a personal brand is essential for career success.

According to Castrillon,[2]

“One reason is that it is more popular for recruiters to use social media during the interview process. According to a 2018 CareerBuilder survey, 70% of employers use social media to screen candidates during the hiring process, and 43% of employers use social media to check on current employees.”

The first thing I do as a recruiter when I want to check out a candidate or coaching client is to look them up on LinkedIn or other social media platforms, such as Facebook, Instagram, and Twitter. Your digital footprint is the window that highlights to the world who you are. When you have no control over how you want to be seen, you are making a big mistake because you are leaving it up to someone else to make a judgment for you as to who you are.

Advertising

As Jeff Bezos, the founder of Amazon, once said, “Your brand is what people say about you when you are not in the room.”

In her book, Becoming, Michelle Obama writes about the importance of having a personal brand and her journey to defining her personal brand. She wrote that:

“if you don’t get out there and define yourself, you’ll be quickly and inaccurately defined by others.”

When you have a personal brand, you are in control. You know exactly what people will say about you when you leave the room.

The magic of a personal brand is that gives you control over how you want to be seen in the world. Your confidence and self-belief enable you to leverage opportunities and make informed decisions about your career and your future. You no longer experience the frustrations of a career meltdown or being at a crossroads not knowing what to do next with your career or your life. With a personal brand, you have focus, clarity, and a strategy to move forward toward future success.

Creating your personal brand does not happen overnight. It takes a lot of work and self-reflection. You will be expected to step outside of your comfort zone not once, but many times.

The good news is that the more time you spend outside of your comfort zone, the more you will like being there. Being outside of your comfort zone is where you can test the viability of and fine-tune your personal brand.

5 Key Steps to Creating Your Personal Brand

These five steps will help you create a personal brand that will deliver you the results you desire with your career and in life.

Advertising

1. Set Your Personal Goals

What is it that you want to do in the next five years? What will your future self be doing in the next five to ten years? What is important to you? If you can answer these questions, then you are on the right path. If not, then you have to start thinking about them.

2. Create Your Unique Value Proposition

Create your unique value proposition by asking yourself these four questions:

  1. What are your personality features? What benefit do you offer people?
  2. Who are you and why do people enjoy working with you?
  3. What do you do and what do people want you to do for them? How do you solve their problems?
  4. What makes you different from others like you?

The answers to these questions will give you the information you need to create your professional story, which is the key step to creating your personal brand.

3. Write Your Professional Story

Knowing who you are, what you want, and the unique value you offer is essential to you creating your professional story. People remember stories. Your personal story incorporates your value proposition and tells people who you are and what makes you unique. This is what people will remember about you.

4. Determine Which Platforms Will Support Your Personal Brand

Decide which social media accounts and online platforms will best represent your brand and allow you to share your voice. In a professional capacity, having a LinkedIn profile and a CV that reflects your brand is key to your positioning in relation to role opportunities. People will be connecting with you because they will like the story you are telling.

5. Become Recognized for Sharing Your Knowledge and Expertise

A great way for you to promote yourself is by sharing knowledge and helping others. This is where you prove you know your stuff and you gain exposure for doing so. You can do this through social media, writing, commenting, video, joining professional groups, networking, etc. Find your own style and uniqueness and use it to attract clients, the opportunities, or the jobs you desire.

The importance of having a personal brand is not going to go away. In fact, it is the only way where you can stand out and be unique in a complex changing world of work. If you don’t have a personal brand, someone will do it for you. If you let this happen, you have no control and you may not like the story they create.

Standing out from others takes time and investment. Most people cannot make the change by themselves, and this is where engaging a personal brand coach is a viable option to consider.

Advertising

As a personal brand coach, working with my clients to create their personal brand is my passion. I love the fact that we can work together to create a personal story that defines exactly what people will say when you leave the room.

Other People’s Stories

Listening to other people’s stories is a great way to learn. In his article, 7 TED Talks About Personal Branding, Rafael Dos Santos presents the best Ted Talks where speakers share their stories about the “why,” “what,” and “how” of personal branding.((GuidedPR: 7 TED Talks About Personal Branding))

Take some time out to listen to these speakers sharing their stories and thoughts about personal branding. You will definitely learn so much about how you can start your journey of defining yourself and taking control of your professional and personal life.

Your personal brand, without a doubt, is your secret weapon to your career success. As Michelle Obama said,

“your story is what you have, what you will always have. It is something to own.”

So, go own your story. Go on the journey to create your personal brand that defines who you are, highlights your uniqueness, and the value you offer to the world.

Featured photo credit: Austin Distel via unsplash.com

Reference

Read Next