Everyone always talks about how starting a business is time consuming, expensive, and hard. In reality, it is. However, there are ways that you can reap the benefits of having your own business without necessarily taking on too much or being afraid of too much failure. Take a look at the following five easy ways that you can start a business to supplement your income or help propel you into financial freedom.
The internet is probably the easiest way for you to start a business. You can create a free website using many different platforms to get your name out there, or you can stick to social media marketing. You can also find tools that will allow you to accept payment online via credit card, which can help you generate more interest and more sales. Websites provide a great way to show off your products and/or services to the world without having to pay for office space. Plus, with the way that technology is taking over, office space will soon be completely outdated. Do some research to see the best way for you to market your business, and see how the power of the internet can help.
There are plenty of companies out there looking for people to franchise their brand. While you will still need a hefty down payment in order to do this, it’s a lot easier to start a franchise than to start a business from scratch. The franchised company will usually provide you with all the materials you need, including product/service and marketing. This way, you have everything already done for you, so you can focus on the task at hand.
- Pop Up Spaces
Pop up spaces are becoming more and more popular. These cost a lot less to rent from your local mall, and it provides you with an opportunity to get in front of a large group of people in a very populated area. Westfield Pop provides different opportunities for individual to rent these spaces out. This way, you can get a feel for how your product or service is received, and you can do so without needing to spend a fortune on space and/or marketing.
Being affiliated with a company is almost like starting a franchise. This type of job requires you to sell products or services for another person while still having the benefits of being your own boss. For example, Tastefully Simple would be an affiliation. You are a representative of the home company, but you can find your own way to market yourself. This way, you don’t have to be in charge of coming up with the next best idea. Instead, you can piggyback off a larger company while enjoying your own schedule and benefits.
- Third-Party Online Retailers
While we already discussed how the internet is a great tool, it required you to build your own site and take on your own marketing. This may be the best route for some people, but not for all. Instead, you can still use the internet to your advantage, but you can do so using third-party online retailers. Think of sites like Etsy. This site allows people to market their own products and reach millions of people. You can decide how much you want to charge, what you offer, etc. Etsy will take a small fee, but it’s worth it if you don’t have to create your own website or handle any other business needs on your own.
Starting a business is a dream for many, and if you’re not sure yet how far you want to take it or if you have the patience to handle it for the long-term, consider these situations that will allow you to start a company without most of the headache.