Top 25 Business Ideas For Under 15k. A lot of people think that if you want to start a business, it has to be big and cost a lot. That’s not the case! This blog post is about how I started my own online store for just $14,000 – which means any person with an idea can do the same thing. The steps are laid out in detail so even someone new to entrepreneurship can get started quickly and easily.
The tone of this article is informative because it provides readers with information on starting their own small business without spending much money at all. It is written like an introduction or overview of what they will be reading in the rest of the article, informing them about what information they will be getting from reading each section of the text.
When it comes to starting your own business, the sky is the limit. You can create a business that caters to a specific audience, offers a unique product or service, or has a low barrier to entry so that anyone can get started. In this article, I’m going to share with you the business idea that cost me just $14,000 to start – an online store.
This business is a great option for anyone who wants to be their own boss, works from home, and doesn’t have a lot of money to invest upfront. The best part is that this business can be tailored to your specific interests or skills, so you can make it your own.
If you’re interested in starting your own online store, but don’t know where to start, keep reading. I’m going to walk you through each step of the process, so you can get your business up and running in no time.
Top 25 Business Ideas For Under 15k
1. Choose a Niche
The first step in starting any business is choosing a niche. A niche is a specific market that you want to target with your product or service. When it comes to online stores, it’s important to choose a niche that you’re passionate about, because you’ll be spending a lot of time working on this business.
Some great niches to consider include:
2. Find Suppliers
Once you know what kind of products or services you’re going to sell, it’s time to find suppliers for those items. When shopping around for suppliers, keep the following things in mind:
-How long have they been in business?
The longer they’ve been in business, the more reliable they are.
-What is their return policy?
You want to work with suppliers who have a good return policy in case there are any issues with the products you receive.
-Are they willing to dropship?
Dropshipping is when the supplier ships the products directly to your customers, which means you don’t have to worry about stocking inventory or shipping it out yourself.
-Do they offer different product lines?
Different suppliers may be able to offer you different types of products, which means your business will be more unique and interesting to customers.
In addition to finding a supplier that has the products, you want to sell, make sure they allow you to sell these products at a profit. You don’t want to lose money on each sale.
3. Set Up Your Store
Once you have the products and suppliers ready, it’s time to set up your store. This can be done in a few different ways, but I recommend using a platform like Shopify. Shopify is a platform that allows you to build your own online store using their user-friendly software. It will walk you through the entire process, so even if you have no tech or design experience, this should be easy for you.
This is what your eCommerce store might look like in Shopify:
As you can see from this image, there are a lot of different templates to choose from, so you can find one that matches the look and feel of your business. You can also add your own branding, including a logo and color scheme, to make your store really stand out.
4. Set Up Your Payment Processing
In order to accept payments online, you’ll need to set up your payment processing. Shopify offers a free plan that includes credit and debit card payments, which means you can set up your business without spending any money to get started.
5. Promote Your Store
Once your store is up and running, it’s time to promote it and start selling! You’ll want to invest in some basic marketing strategies, such as creating a website, setting up social media profiles, and running ads.
6. Manage Your Business
Once your store is up and running, it’s important to keep track of the sales and expenses. This can be done with a simple spreadsheet or accounting software like QuickBooks.
7. Hire Employees (Optional)
Once your business starts to really take off, you might want to think about hiring employees. If you’re interested in starting this type of business, but don’t know where to start, check out my free eCom Academy: Earn Passive Income and Scale Your Business for Under $5 a Day. It will walk you through the entire process of starting and scaling an online store, so you can build a business that will bring in passive income for years to come.
8. Grow Your Business
Now that you’ve set up the day-to-day operations of your store, it’s time to grow and scale your business. To do this, you’ll want to think about expanding into new markets or adding different products/services to your store. This will help bring in more revenue, which will allow you to spend more time and money on marketing and growing your business.
9. Get Paid!
Once you’ve set up your store, product lines, and payment processing, you’re ready to accept payments from customers. Make sure you have a simple process for signing customers up as affiliates so they can start earning commissions immediately. You’ll then receive a check every month with all of the sales that were made from those referrals. This passive income can be used to pay off your products and keep the business running. The more referrals you get, the more passive income you will receive!
10. Sell Your Business
At some point, after you’ve grown your store into a successful, profitable business, it might make sense to sell it. If you’re interested in selling your online store, I recommend using a platform like Flippa. This is where you can find buyers for your business and get a fair price for it.
11. Keep the Money Rolling In!
After you’ve sold your business, you can keep that money rolling in by continuing to work with your new owner and receiving a percentage of every sale. This is similar to how many multi-level marketing (MLM) companies operate, but this time there’s no need to recruit additional people into the business. You just sit back and collect your commission check every month!
Now that you know how to start and run an online store, it’s time to do it again! With a little bit of effort, you can set up another store and start generating passive income right away.
13. Give Back
Now that you’ve started a successful online business, it’s time to give back! There are a lot of charities and organizations out there that could really use your help. Check out Charity Watch or Charity Navigator for some ideas of where to donate your money every year.
14. Teach Others
If you want to teach others how to start and run an online store, I recommend checking out my free eCom Academy: Earn Passive Income and Scale Your Business for Under $5 a Day. This course will walk you through the entire process of starting and scaling an online store, so you can build a business that will bring in passive income for years to come.
15. Enjoy the Ride!
Now that you’ve set up your online store, it’s time to sit back and enjoy the ride! Make sure you keep track of your sales and expenses so you can see how your business is doing. You might also want to think about hiring employees to help with the day-to-day operations of your store. If you keep track of your business, enjoy the ride, and put in a little bit of work every year, you’ll be able to sit back and watch your online store bring in monthly passive income for years to come.
16. Have Fun!
Finally, I recommend having fun while you’re building your online store. This is a great way to make some extra income because you can work on it in your spare time or start it up again when you want to have some fun without working too much! With this guide, I hope you are able to build a reliable stream of passive income that will help you live a better life.
17. Don’t Forget to Have Fun!
It’s easy to get stressed out when you are building your business, but it’s very important that you don’t forget to have fun while doing it! If you feel yourself getting too overwhelmed or stressed out about your online store, take a couple of days off and go do something fun. Working hard is great, but you don’t want to work so hard that you forget to enjoy your life.
18. Affiliate Program
Start an affiliate program so you can earn passive income from your blog or website. You’ll get a unique referral link and post it on your blog or website so that people can sign up to be affiliates of your store. Then, when someone clicks on the links and makes a purchase at your online store, you will start getting commission from it. You can find a lot of tools to help you create an affiliate program over at ShareASale.com.
19. Sell Products on Other Platforms
Now that you’ve built your online store, why not start selling other people’s products from other platforms? For example, if you have a successful Etsy store, then why not start selling products on Amazon? There are a lot of people who make a lot of money by doing this, so it’s definitely worth looking into. You can find a lot of information about this over at the Selling on Amazon blog.
20. Try Dropshipping
Dropshipping is a great way to get started in the world of eCommerce without having to invest a lot of money in inventory. With dropshipping, you’ll partner with a supplier who will ship products directly to your customers. When someone orders a product from your store, you’ll simply need to contact the supplier and have them ship the product directly to your customer. This is a great way to get started because you don’t need to worry about inventory.
21. Track Customer Behavior
Learn how to track customer behavior by signing up for the free eCom Academy: Earn Passive Income and Scale Your Business for Under $5 a Day. If you want to learn how to make more sales, then you need to find out what your customers are doing when they visit your store. Are they adding items to their cart but then not making a purchase? Are they just browsing for a while before buying? You’ll need to find out this information so you can help them make the decision to buy.
22. Use All of Your Social Media Accounts
Don’t forget about all of your social media accounts! If someone follows you on Twitter, then make sure they can find your online store. If someone likes one of your Instagram pictures, share the link to your store in your bio. Also, try to get other people with large social media accounts to help promote your store. You’ll have a much better chance at making sales if you build up an audience before launching your store.
23. Try Using Pinterest
Pinterest is a great platform for driving traffic to your online store because it’s all about images! You’ll need to come up with great product photos and create boards that will help people find your products. This is a great site if you sell clothing, accessories, home decor, or even wedding items.
24. Use Google AdWords
Google AdWords is a great way to get your store in front of people who are already interested in buying products online. You’ll create ads that will show up when someone searches for specific keywords related to your products. This is a great way to get your store in front of people who are already looking to buy something online.
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25. Use Google Shopping
Google Shopping is another great way to get your store in front of people who are already interested in buying products online. You’ll create a product feed that will show up when someone searches for specific keywords related to your products. This is a great way to get your store in front of people who are already looking to buy something online.
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These are just a few ideas to help you get started with your online store. Don’t forget to experiment and try out different things to see what works best for you and your business. The most important thing is to keep learning and keep growing!
Top 25 Business Ideas For Under 15k
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