The Cheapest Business You Can Start, Says Entrepreneur.com

Discussion in 'Articles & Tutorials' started by armanvakili, Jan 13, 2011.

  1. armanvakili

    armanvakili
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    So I was doing my daily reading on one of my favorite websites, Entrepreneur.com, about what businesses you can start for the smallest investment possible…

    … and I have to say, I was completely blown away by how expensive these “cheap businesses” were.

    I mean, the most amount of money I spent to start a business was $400… and that was simply because I needed the licenses required by the State Government.

    But the average cost to start your own business from what Entrepreneur.com is telling us is around $50,000!

    Honestly, after I read that I was so reassured that my idea of pursuing a home business was the best thing that I could have done.

    Don’t get me wrong, $50k is still nothing compared to spending half a million buying a McDonald’s franchise (and that’s actually even too cheap for McD’s).

    But when you can start a business with a couple of hundred dollars, why the hell would you go and spend thousands upon thousands of dollars on a business that you’re not even sure will last?!

    For some reason, people think that the more money they spend on a business, the higher their likelihood for success… and that is NOT true at all. It couldn’t be any further from the truth. Unless you are buying a true franchise – like a Jack-In-The-Box, or something like that – you HAVE to go to work every single day in order for your business to succeed.

    That’s just the law of the business universe.

    I don’t know of one single person who started a business and turned it into a 7-figure earner without investing some blood, sweat, and tears. It just doesn’t work that way.

    So here’s my point in all of this…

    The cheapest business you can start, based on what the guys at Entrepreneur.com are saying, will cost you a little bit over $1,500. And you’ll be a “franchise” owner in a cruise booking type of business.

    You will have to go to work every single day and bust your ass to make your money back – and who knows when that’ll happen – and then you’ll start making some profit.

    OR…

    You can start your own Affiliate Marketing business. (Check out the Affiliate Marketing Section for more information)

    It won’t cost you a single penny to start an affiliate marketing business. In fact, you can make money right away by signing up for the affiliate network of your choice, and start promoting their products to your Twitter & Facebook lists.

    It really IS that simple.

    Once you’ve made some money promoting to your Facebook & Twitter friends, you can then buy a website – which will cost you a WHOPPING $12 per year – and start building a list to further expand your affiliate marketing business.

    Do you see how it works?

    The more money you start to make from your affiliate marketing business, the more you can reinvest back into your business and grow it even bigger.

    And affiliate marketing is just ONE of the several different business models that you can learn about just on this blog. The same concept applies to starting your own business with Information Products, eBay, or even Network Marketing.

    Really, what I’m trying to say is… you DON’T need a small fortune to start a business that profits.

    You DON’T need money to make money.

    You need creativity to make money.

    So please, do some research… some REAL research before you spend your hard earned money starting a “business” that really isn’t going to do you any good long term.

    Alright… that’s it for my little rant today.

    I hope you found some value in it… and as always, share it with your Facebook friends. It’s unfair if you don’t… those poor guys might be out there looking to start a Carpet Cleaning “franchise” and they might blow $50k on it.

    Save them!

    I’ll talk to you soon,

    Arman Vakili
     
  2. Fergal

    Fergal
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    Very interesting and inspiring article Arman, thanks for sharing it with us. Have you got an affiliate marketing business yourself? If so how is it working out for you?
     
  3. armanvakili

    armanvakili
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    Yeah actually I do... I first learned about the affiliate marketing concept a few years ago but never really tried it. I decided to do Network Marketing but the interesting thing is that Network Marketing is basically affiliate marketing with a downline attached. So I said why not try affiliate marketing, and it's worked.

    As long as you build a core list and develop a trusting relationship with the people on that list... you can promote virtually anything as long as it's within the same "niche" that they originally opted in for.
     
  4. Fergal

    Fergal
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    Glad to hear that it's working out for you Arman and I wish you continued success with it.
     
  5. kamran

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    This is something awesome! I think affiliate market will do the trick for you.
     
  6. armanvakili

    armanvakili
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    Thank you Fergal, what kind of business are you involved with?

    Hey Kamran, thanks! Affiliate marketing is pretty awesome... but I also love creating products as well. Are you in affiliate marketing?
     
  7. bulkybo

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    I start a business with 100 $ for hosting my site. The site was design and developed by me. I think that the value to starting the business increase more when you try to promote your business.
     
  8. Fergal

    Fergal
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    armanvakili, yy main focus at the minute is on this business forum and the forum promotion site in my sig. I'm also working on selling some domains names and smaller sites, plus educating myself on web development.
     

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