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How to Start a Home Business With a Minimum Budget

Aug 18, 2007
One of the biggest complaints people have about choosing a home business is that they don't have the money to spend on one. Their budget is stretched tight - that's why they want to start a business anyhow. They need the money but want to stay at home.

Many home businesses don't cost all that much to get started, however. Pick the right business and you won't have to spend much at all to have a chance to bring in some income.

You can rarely start a home business without any investment at all. Business cards, for example. They don't cost much, but they can be quite helpful in appearing professional to the people you meet. Hosting a website can be done for free, but if you want a domain name and a good host, you're going to have to spend at least a little. But it can be had for under $100/year.

Perhaps you have a skill you could offer as a service. Running errands for people, website design, tutoring, being a virtual assistant... you may have just about everything you need to run one of these businesses already. All you need are clients.

Affiliate marketing is also quite popular, if quite challenging. Many people start this on free hosts such as Blogger.com, then move on to paid hosting as they earn enough money. Affiliate programs are generally free to join, and you figure out how to get people to buy through your links.

This is not as simple as throwing up some links and hoping. That's one of the most common mistakes. You have to give people a reason to click through and make a purchase. Reviews are a popular way to do this. Keep it honest, mention the negatives as well as the positives, and gain people's trust by providing quality information.

Whatever kind of home business you start, you need to love what you're doing and know that there are other people who love the results of what you do. If no one wants to buy from you, there's no point to being in business.

One of the best things you can do for your home business is to reinvest in it. If you don't need the earnings urgently for something else, find a way to use it to make your home business better. Over time this can help you to earn still more money.

It's not easy starting a home business on a tight budget. But there are many options that cost very little money to get started, yet it is entirely possible to earn money from them. There are no guarantees of success in business; only your own efforts will determine your success in the long run.
About the Author
Stephanie Foster runs http://www.homewiththekids.com/ to share resources with work at home parents. Get more tips on starting and running a home business at her site.
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