Is it possible to start a low capital but profitable business in a harsh economic climate, The answer is yes however this will involve thinking outside the box and being ready to read and learn to do new things.

We will look at a 7 step Process to starting a profitable business with low capital 

·        Find a hungry market/ audience with a challenge or problem

·        Develop/ buy/ produce/supply a product or service guaranteed to solve the problem that will sell

·        Develop your marketing plan /strategy

·        Design your brochure / marketing package – ie business structure, identity, name, leaflets, complimentary card

·        Find a way to develop an on going relationship with clients – people buy “you” before your product.

·        Market through proven channels

·        Automate the process.

Below are 7  low capital but profitable businesses you can start from home 

1.     Ebay trading – There was a survey carried out that most households have at least $1000  worth of products that they no longer require that can be sold on ebay.. For free training on how to become a Powerseller on ebay go towww.becomePowerSeller.co.uk 

2.     Affiliate marketing – selling other peoples products for a commission. This is a simple strategy anyone can do as you don’t carry stock, don’t need a website, you don’t handle the sales  processing or customer. Go to www.StartMyOwnInternetBusiness.biz  for training on how to get started.                 

3.     Create and Sell T-Shirts and Other Promotional Products - Design and sell products like t-shirts, shorts, caps, tote bags, buttons, bumper stickers using the services of  www.CafePress.com Or www.nationalpens.com orwww.vistaprint.com . The bonus in using  www.CafePress.com is that you can upload your designs or photos and create your products right on the website. You can set up a storefront and start selling – with absolutely no out-of-pocket expense for you. 

4.     Become a Published Author  - A book written by you tells the world you are an authority in your field. Publishing a book is a great way to earn an income from the road, because no matter where you go, your book is going to be earning money for you. Learn more about how to become a Best Selling Published Author at www.MasterBookPublishing.com 

5.     Blogging. - Blogging is a website (don't worry no website skills needed) that you update every day with posts about your chosen subject. Pick a market niche you're familiar with as the topic for your blog. Every day post on your blog. Of course that's not all you need to do. You have to get people to your blog to read it and hopefully click on your paid adverts, or on the products you're promoting as an affiliate. To learn how to create money making blogs go towww.BuildMoneyBlogs.com

 

 6.  Start a network marketing business online and grow your team across the globe : Network marketing business helps you profit from your own effort as well as leveraging on the efforts of others. There are many network marketing business around that are good and help you to build wealth. However if you are not the kind of person that can carry and market physical products around for sale, you might want to consider an online that you are able to market to anybody in the world. Some of these online network marketing businesses are into discount travel, tutoring etc Search on google or check outwww.TheBusinessForMe.eu

 

6. Brokering JOINT VENTURE BUSINESSES - This involves being the middleman in a business venture. For example you can find a local health and fitness club, Negotiate a deal to bring in new customers through their door for a percentage of the membership fee, but with them offering an incentive, eg free one month or no joining fee.

Approach local business that have customers that would go to the fitness club,eg health food store, pharmacy, sporting goods store etc.

Ask them if they have a customer list, design a card/flyer for them to give to their customers as a thank you gift for their patronage. which is the free one month membership of the fitness centre negotiated. Their customers have to call you to get a  claim number to validate their gift certificate. This will give you a record of how many people were introduced through you to enable you collect your commission from the fitness centre.

Be sure all parties sign a joint venture agreement with you as the broker given the right to know the number of people who joined through your efforts

7. Start your own internet business selling information products

Starting a business on the internet has many advantages, it has low operating cost, it is economical to run, and you are open for business 24hours daily while you are able to run your business from anywhere in the world with internet access.

 It is one of the best line of business to start with low capital and the opportunities abound. You can market almost anything over the internet For free training and resources in starting your internet business please go to www.StartMyOwnInternetBusiness.com 

Bibi Apampa, is a top Business Coach and Wealth Strategist. She has helped many people Create Multiple Streams of income in their business and personal lives Visitwww.MamaSentMe.com  to download free eBooks on Home Business ideas and Newbies Guide to Internet Business