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5 Online Businesses You Can Launch with Little Startup Capital

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?

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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.

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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.

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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.

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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.

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How to Achieve Goals and Increase Your Chance of Success

How to Achieve Goals and Increase Your Chance of Success

Does it ever feel like the things you want to accomplish always end up on the back burner? If the answer to that question is “yes,” you’re not alone. Only about 33% of people consistently work toward their goals. In some cases, their goals may seem too lofty to accomplish, or else they aren’t sure how to make a plan for them.

If you don’t come up with concrete steps to take toward your goals, they’ll remain dreams. There’s nothing wrong with being a dreamer, but being able to turn your dreams into goals you can realize will help you lead a happier and more fulfilling life.

Luckily, you can realize almost any dream when you harness the right goal-setting methods.

In this article, I’ll show you how to achieve goals and get closer you success.

1. Break your dreams down into specific and measurable steps

We couldn’t talk about goal-setting without mentioning SMART goals.

SMART goals are specific, measurable, assignable, realistic, and time-related.

Specific and measurable steps are so important because if we don’t know what our target it, how can we ever hit it?

Take all those beautiful dreams you have for yourself and make them into things you can actually do. If you want to be an entrepreneur, for example, a step toward realizing your dream might be researching what you’ll need to start your business.

Find out more tips about utilizing SMART goals here:

How to Use SMART Goal to Become Highly Successful in Life

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2. Have at least one clearly defined goal for every interest and role in your life

It’s so easy to become complacent or stagnate. We often think that our careers are the only places where we need to set goals, but we aren’t only what we do.

To make the most of your life, take the approach that you’re always learning and growing in everything you do. Anything worth doing is worth doing well after all.

Set goals whether you’re sponsoring an activity for your child, taking up guitar lessons or trying to prove your worth at work.

You’ll notice that this approach forces you to constantly develop new skills. It can also be fulfilling to put more focus and value into all areas of your life— not just the ones related to our careers.

3. Align your goals with your life’s mission, purpose and passion

Take the opportunity to do some soul-searching. What is it that you want to do with this precious life of yours?

Anything that conflicts with your life’s purpose is bound to cause discontent. Staying in a bad relationship, doing a job that goes against your values, or maintaining the status quo just because it’s comfortable are not options for you.

Thinking about your goals in this way can help you eliminate things in your life that don’t serve you. This frees up mental space that you can use to do the things you care about the most.

Many of us struggle to find the time to work on our goals, but this strategy enables you to make more time.

4. Create goals that ignite your spirit and inspire you to take action

If you can’t be fired up about your goals from the start, they might not be good goals for you.

The road to success is often tough. You’re going to have times when you might feel tired or discouraged.

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You need to feel inspired enough that you’ll be able to overcome obstacles as you encounter them.

If what you’re doing motivates you to be the greatest version of yourself, you’ll be much more resilient.

5. Write down all your goals in specific, measurable detail

This is your road map for what success will look like. The more you define what you want the finished product to be, the greater the chance that you’ll reach that vision.

When you write down your goals, you’re creating a document that you can revisit to make sure you’re on track.

When you’re in the middle of trying to achieve a big goal, it can be hard to see what’s working for you. The things you write in this step will help you stay on-message as you take your goals out of your mind and into the real world.

Don’t just write down your goals and stash them away in a folder somewhere. Take the extra step to put them somewhere where you’ll see them.[1]

If you have too many goals to post on your desk, write a summary or choose one or two steps to work on for the day. Just seeing them will keep them in the front of your mind.

6. Commit to hitting each of your targets without exception

You wouldn’t have created the target if you didn’t think it was necessary. Hold yourself accountable for taking the steps to succeed.

You can always adapt your strategy or break your targets into smaller steps if you find that they aren’t attainable as you originally wrote them.

Hitting even the smallest target is cause for a celebration. It’s a step in the positive direction. Your success will make you crave more success.

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We often make excuses when we get tired or overwhelmed. Take away the option to make excuses. You will only be satisfied with the best effort from yourself.

7. Share your goals with others to motivate each other

There’s something so powerful about people sharing their goals and dreams with one another. Doing so gives voice to some part of us that could remain hidden (and therefore never be accomplished).

When other people know about your goals, they can cheer you on and hold you accountable. When people share their vision with you, you can do the same for them.

This strategy is particularly beneficial when you’re trying to develop healthy habits. Post about your workout on social media, or do a healthy eating challenge with your best friend. You’ll be less likely to slack when temptation arises, and you’ll probably encourage someone else to reach for their goals too.

8. Set a series of daily, weekly and long-term goals, complete with starting times and deadlines

Many goals never reach realization simply because the goal-setter doesn’t check their progress. People tend to forget what they set out to do, or their goal gets crowded out by other obligations.

Forcing yourself to revisit your goals at regular intervals breaks them into smaller steps and it reminds you to think about them.

Giving yourself regular deadlines for smaller tasks related to your goals also helps you reflect on your strategy. You’ll figure out what works for you, whether your timeline is realistic, and whether or not you need additional help to stay on track.

In addition, celebrating small wins helps you stay motivated. Here’s how:

How To Celebrate Small Wins To Achieve Big Goals

9. Take 10 minutes every day to imagine how great it will feel to achieve your goals

Visualization is such a powerful tool. Some of the most successful athletes, celebrities and business people take time each day to think about how success looks and feels for them.[2] Imagining that feeling of satisfaction can be a great motivator.

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When you do meet your goals, take some time to be grateful. Thank yourself for showing up and doing the work. Be grateful when the stars align properly to help you advance to the next step.

It’s not just getting to the destination of your goals that matters. How you take the journey is important too.

10. Take an action step toward reaching your goals every day

Your goals can easily get buried in the hustle and the bustle. Even the smallest step in the right direction is still moving you forward.

Keep chipping away at the work every day and before long, you’ll start to see those dreams come to life.

Maybe you didn’t start your business today but you designed the logo that’s going to go on your website and business cards. Doing that task well is going to help you so much in the long run.

Concrete actions day by day draw your dreams out of obscurity and into the realm of possibility.

Change begins today

Dreams can inspire and overwhelm us. By turning our dreams into goals that we can work toward, we increase our chances of success. Things that once seemed impossible are suddenly within reach.

It’s time to start turning your dreams into goals and your goals into realities.

Featured photo credit: Pexels via pexels.com

Reference

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