How To Start An Online Business With Little to No Money
Starting a business is not as hard as most people think it is. You do not need a lot of money to start an online business. All you need is an idea, determination, and some guidance from a mentor. Here’s how to start a Reseller Business Online with little to no money.
Start A Reseller Business Online With Little to No Money
1 – Start With An Idea That Solves A Problem
Surely there is a business idea that got you interested in starting your own business. However, don’t fall too deep in love with your idea. Be willing to modify it as needed. Whatever idea you have, refine it so that it responds to a problem people have.
Your business idea is the starting point and foundation of your business. It will be easier to start a business when you understand whether your idea is geared toward a service or a product. On the one hand, a digital reseller service would be easier to start since you are the business–all you need is to refine your skills such as web design or even digital marketing.
2 – Set Up An Online Website That Converts Cold Traffic into Warm Leads
A lot of interactions occur online nowadays. Having a professional-looking website that converts web visitors into regular paying customers is arguably the first step towards getting customers. Such a website leaves a good first impression on your potential customers. For one, it signals to them that you are a legitimate business and care about them!
There are plenty of platforms you can use to find freelancers to build your website, however, there are free alternatives for you to design, but often costs a monthly fee for the entire duration of your online business but to have an experienced freelancer who specialises in web design, understands your idea and makes it into a reality on WordPress or a similar hosting platform is a great strategy if you are just starting, that is if you have the money to invest in one. Or Become an entrepreneur overnight with a ready-to-go business with suppliers, marketing, tools, and training.
However, unless you have the experience to create one yourself which may cost you a lot of time, possibly you making mistakes, some techniques which you could not apply on your website can make your start a frustrating one. We recommend hiring a web design professional who offers website design services with unlimited revisions at affordable rates. Get a professional web design for your reseller business online with free web hosting
3 – Engage In Sales and Marketing
Marketing is essential for getting inquiries and growing your business. Luckily, there are many ways to do this without investing a lot of money. You could sell your products or find people for need your services at established platforms like websites like Bark, eBay, or Gumtree. Utilise social media to grow your client audience and gather contact details using your website ideally a sales funnel for e-mail marketing. These are effective strategies and highly effective when done right.
4 – Seek Mentorship
No matter how many blogs and books about starting a business you read, nothing beats the wisdom that comes with experience. A little help from an expert could go a long way for your reseller business online. If you have connections or know of people that have done well in business, ask them to be your mentor.
Professional freelancers can help turn your idea into a profitable business and guide you in making all the right decisions toward growth.
How Do You Promote A Reseller Business Online
You can promote your reseller business in two ways: offline and online marketing whilst making irresistible offers. For example, if you are selling something like birdcages, you could give away a CD titled "How to Teach Your Parrot to Talk". Or, maybe you sell custom suits; you could offer free cufflinks. See how this works?
- Who are your dream clients?
- Where can you find them?
- What bait will you use to attract them?
- What results do you want to give them?
- What is your value ladder?
- Do you have a STAR version of yourself, a story, and a solution?
You may promote your reseller website offline by hosting events, affiliate systems, seminars, door to door, mail marketing, direct marketing, telesales, newspaper, radio, tv, public relations, and community projects.
On the other hand, you may promote your reseller website online by implementing SEO strategies i.e webinars, producing video content, text or backlinking, email marketing with good copywriting, social media marketing by choosing a particular platform you know well and know where your customer audiences are congregating, third party collaboration i.e other bloggers for your niche, influencers, business to business communities, Facebook groups, duplicate what your competitors are doing.
There are three types of traffic:
- Traffic You Control i.e. email ads, PPC, banner ads, native ads, affiliate, and joint ventures.
- Traffic You Don't Control i.e. social media, SEO, guest blog traffic, YouTube, guest interviews
- Traffic You own i.e. email list, your followers, readers, customers, etc.
Lastly, you may decide to find out what your competitors are doing to get exposure online, study their marketing strategy and use it to plan your own strategy.