How to Start a Side Business on a Budget
Whether your ultimate goal is working for yourself full-time or a passion project you’d love to start on the side, now is a better time than ever to explore your peripheral ventures. Having a budding side-hustle or secondary business is a great way to flex your creative muscles, generate additional income, try your hand at being a business-owner, and potentially enter the world of self-employment; but, how how much does it cost to get going?
Cost is always a huge deterrent for many who wish to launch their own company or move into full self-employment, as fears of loss of revenue or mounting capital expenditure puts a dampener on things. While it’s true that starting your own business comes with a cost, it doesn’t have to be a substantial one by any means. With amazing business-DIY tools like Digitise, getting your side-hustle off the ground is easier and more affordable than ever.
DON’T DO IT ALONE
One of the truths about running a business that many people don’t admit is that it can be a lonely road. If you can partner up with the right trustworthy individual, it’s a huge bonus; and if even if you don’t want to form a partnership and are more of a lone-wolf, surround yourself with positive individuals who are supportive of what you’re trying to achieve. Bounce ideas off of of friends and family – whether they’re formally involved or not – to keep a collaborative energy with your business venture.
CREATE AND UNDERSTAND DEMAND
The philosophy “build it and they will come” is great, until its not. Too many businesses jump into unfamiliar territory with little to no knowledge of what the demand actually is. Prior to leaping into your new business, try and gather data through surveys, speaking to potential customers, taking pre-orders, finding out if people need your product or service, and generally building an idea of what the uptake will be. This will help you scale your business idea and keep expectations in check.
DREAM BIG, BUT START SMALL
Even if you know your company is going to change the world, do so with baby-steps. No matter how grand your idea is, it’s important to remember to do the due diligence and make a structured plan of how you’ll start, grow, and succeed. Create a daily or weekly planner and tick off the vital things you need to do in order to slowly put the pieces of your business plan or operations together.
So, if you’re home-bound, looking for some additional income, or want to pursue a entrepreneurial career, there are some options that have very little or no barriers of entry, barring a simple internet connection and basic computer. Then, leverage the powerful tools that a platform like Digitise offers, such as the ability to:
- Buy your own domain.
- Create your own website.
- Create custom business email addresses.
- Add a CRM to manage your customers.
- Use a bulk SMS marketing toolkit.
While these things often are run on separate systems and can end up being quite expensive and complicated, Digitise makes it simple by having it all in one place, running on one system, giving you a single log-in to control all the aspects of your business from your phone, tablet or laptop. And of course, keeps affordability in mind with flexible pricing packages.
Why not sign-up and get cracking on your business now? Check out Digitise here.
