How to start a business with no money
25 Businesses You Can Start for Less Than $100
Apr 22, 2015 by Steve Gillman In Startup 15
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Are there really businesses you can start for less than $100?
Laurie Davis started the dating website eFlirt.com with $50 and a Twitter account, reports Young, Fabulous and Self-Employed. Her successful enterprise has been profiled by the New York Times, The Washington Post, Good Morning America, and many other media outlets.
Starting something online may be an obvious choice, but the variety of businesses you can start for less than $100 might surprise you. Some can be started with no investment other than your time. The key is to find the lowest-cost way to make a sale and then parlay your profits into the next step. Some entrepreneurs have bootstrapped their way to millions using this basic formula.
You’ll have to decide for yourself when to “formalize” your company by creating a legal structure like an LLC, buying liability insurance, and such. For advice on these matters you can meet with volunteers at SCORE, and there are even places to get inexpensive legal help. Meanwhile, why not pull out a $100 bill and take a look at what you can do with it.
Businesses You Can Start for Less Than $100