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Which are the better small business to begin?

With little money.

Here we go again with the classic question of the world–how to make money with no money? 🙂

With little money, here are some of the businesses you can start.

Become a domain name reseller: You pay a small price to become a licensed reseller of GoDaddy services (top in selling domains). They will set you up with a web site which is fully functional. You will be able to select which products and services to offer from their admin control panel. All this can be learned through the tutorials provided. If you are not technically savvy, you can choose to outsource all support (technical and billing to the main company). There is a whole suite of products you can choose from. There is a low profit margin on domains but high on other products. Once you become a reseller, all you need to do is market your business. Which you can do using sponsored search with Google and Yahoo!.

For more information, go to:
https://www.securepaynet.net/gdshop/rhp/hottestreseller.asp?se=%2B&prog%5Fid=domainnamesbusiness&app%5Fhdr=

Another business that you can start at low cost if you are a good writer is full-time blogging. You will have no luck doing so if you will try to create spam blogs. However, if you are passionate about a subject, you can use blogging quite successfully. E-mail me at ebusinessconsultingus at yahoo.com if you would like for me to go into detail about blogging. Here are a few resources that can help you in the meantime.

http://performancing.com (new site helping bloggers succeed)
http://technorati.com (blog search engine)
http://blogger.com (free blogs)
http://google.com/adsense (Google Adsense)

One of the things that is most important to know when starting a small business is that you don’t want to limit your revenue model by making it proporitionate to your time. For, e.g. there is only so much you can do with a business in which you are paid hourly since there are a limited number of hours in a day.

Another business you can start with little money is by selling ebooks, i.e. if you can write well.

Depending on your technical skills + writing ability, you can start an online forum and make money off of advertising. Obviously this will depend on several factors including the industry/subject about which you talk on the forum.

Another way to make money is by implementing API (Application Programming Interface) of a big company into a web site. For e.g. many companies today let you use their APIs at little or no cost to you. If you can afford a good developer + good idea + good campaign, you may be able to pull something off with limited budget.

Yet another way to make money will be to signup with some drop-shippers and use Yahoo! store or a similar platform to manage and sell your products.

Depending on your skill levels, I would highly recommend getting some consulting from a professional company or seeking the advice of successful businesses you trust.

If you are determined to succeed, you’ll be able to. Just don’t give up without really trying. Too many businesses today close their doors without fully trying.


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