What Online Business Can I Start With $500 Ep. #75 - Q&A Selling Online - From Amazon FBA to Shopify, Digital Marketing and Facebook Ads

Summary: Can I start an Online Business with less than $500?<br> How to start an Online Business for less than $500?<br> Today you are listening to episode 75, where I have a question from a friend<br> Today’s question comes from my friend Marco.<br> Marco lives in Europe and he was asking what kind of online business can he start with a $500 investment.<br> Marco’s currency is actually Euros but after talking to him he said it was actually 400 euros but he rounded it to $500 USD<br> Well Marco, believe it or not, it is still possible to start several online businesses with $500 or less.<br> But… with that said, none will be an automatic passive income ROI.<br> Just letting this out there before we even start.<br> There are no passive businesses you can start and make real money without doing work<br> Unless this was 2010, and you wanted to buy $500 worth of bitcoin and wait for 10 years.<br> but, 2010 is long gone so we have to focus on the reality.<br> A few ideas come to mind, depending on what you know about each niche.<br> For example:<br> Build yourself a WordPress website, announcing that you can build websites for others.<br> in this option, you need to remember that your site will be your best selling feature because people will judge you by the look of your own site.<br> In this situation, your only costs will be the server (about $40 for a year) and of course a lot of social media.<br> If you want organic traffic, that will take a while to start pouring in, so meanwhile I would say: write at least 300 words per day with lots of SEO (search engine optimization)<br>  <br> Another option for your Online Business is to start an advertising agency<br> Create and run other people’s ad campings of Google or Facebook<br> Again the cost would be below $500, but you would need to find your clients by selling your services in person or over the phone.<br> I know most millennials prefer to just text or email, but it is still way more effective to gain a client by doing a face to face or a phone call<br>  <br> Ok, One more Online Business idea:<br> Dropshipping!<br> Dropshipping is not dead yet.<br> Now, I don’t recommend the WordPress anymore.<br> Just because when it comes to dropshipping you want to automate as much as possible so you can scale.<br> What I mean by this is, there is only so much you can do by yourself, without screwing up, orders, addresses, emails to suppliers, returns, complaints, long delivery times, etc<br> So, I recommend getting a Shopify store.<br> You can always try the store for free for 2 weeks<br> Then if it is working you will start paying $29 per month.<br> Now you will need to get Oberto (I am only recommending these tools, I do not make any commission of any of them)<br> Oberlo will automate about 80% of everything you need to do, but it will also have a monthly fee.<br> So, after you get the free trial of |shopiffy and Free trial of Oberlo, you need to find products with a high demand and low competition!<br> The way I said this, almost made it sound simple!<br> The ways to verify that something has low competition and high demand are actually pretty simple once you get used to doing it, but I would need to make a full episode about it just to explain.<br> Actually, I cant just say this and move on to a new topic… I will make a full episode tomorrow on how to source a winning product to dropship.<br>  <br> ok, another business idea.<br> If you hadn’t mentioned online businesses I would have a few more ideas that would work perfectly.<br> I actually have done one myself.<br> A few years ago, I decided to start a physical business that I could do on the side, so I bought a gas powered pressure washer with 3500 PSI, a latter, a few brooms and a very tall telescopic pole.<br> I made a WordPress site and facebook page and started washing the exterior of houses fo...