GrowMyBusinessFAST Blog/4 Easy Steps to Launch a Profitable Online Business Startup with Just $100

4 Easy Steps to Launch a Profitable
Online Business Startup with Just $100

When I first ventured into the world of entrepreneurship and started my own online business, the financial investments were staggering. My misguided notion that money magically solved everything - regrettably landed me uttering my woes to a bankruptcy judge.

In today's digital marketing era, there's a financial upside: initiating your e-commerce business needn't break the bank. You can now pay as little as $5 to secure a logo or tap into a range of digital marketing resources.

Rather than dwelling on previous missteps, let's focus our attention on empowering you to become your own success story. Let me guide you through my carefully curated, four-step process for online business success. With a lean budget of $100, you can kick-start a profitable e-commerce business and steer towards a future brimming with possibilities!

So, without further ado, let's dive in to 4-easy steps to launch a profitable online business with just $100!

Step 1: Mission

First, people rarely buy what you sell. They buy why you sell it and, more importantly, what problem you are going to solve for them. My initial setback stemmed from overlooking this crucial aspect of online business strategy. Defining the mission of your new e-commerce business and its unique value proposition is priceless and will cost you nothing but some kick-ass brainpower.

Step 2: Set Up Your Business

Your safest move? Establish an LLC - It’s easier and the least expensive type of new business venture to set up. Services that charge only $49 for initial setup are a good place to start. And if you’re diving into the online retail world, consider launching a Shopify store. You can launch your Shopify e-commerce platform for only $1 month for 3 months!

Step 3: Establish Your Brand

Now, you're ready to create your brand kit - a clear reflection of your business personality that will resonate with your customers. A critical step I overlooked, assuming the products would magically speak for themselves in this e-commerce landscape. To avoid my mistake, consider using services like @Fiverr to design your brand identity, style, and logos for as little as $5. Subscriptions to platforms like @Canva, @Wordpress, @SquareSpace, or @Wix offer free or budget-friendly website design templates and hosting plans for as low as $19/month. Pair this with a free trial to social media marketing and email marketing tools like @SocialBee and @FloDesk, and you're on your way to a solid online presence.

Step 4: Marketing and Promotion

Your offer (What?), audience (Who?), location (Where?), and unique selling points (Why?) should tie seamlessly into your digital marketing strategies. When I initially marketed my online business, I scrambled aimlessly to reach my customers. Take my advice: start promoting your e-commerce business now! Tentative on where to start? Try launching your first sales funnel and running a $5/day ad campaign on Facebook or Instagram.

DRUM ROLL… let's tally your initial investment:

​Business setup service: $49 Shopify store for three months: $3 Brand development on Fiverr: Approx $5 Website development and hosting: as low as $19/month Social media marketing and email marketing tools: approximately $19/month Your first sales funnel on ClickFunnels: $0 Minimum daily budget on FB/Insta ads: $5/day

Your all-in startup investment in this online business: $100

Standing at the foot of what appears to be an unscalable peak, it's crucial to keep this in mind: reaching the summit and embarking on a successful online business journey for less than $100 is entirely achievable! Utilize these online marketing resources at your disposal and let no obstacle hold you back from mastering your destiny in the e-commerce landscape. Remember, the key to the success of your online business is to take action. Your future in e-commerce is beckoning - seize it with both hands!

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