In Episode 2 of the #EverythingMoney Show, we go over business ideas that you can implement with less than $1,000 of starting capital…
This episode was originally released before the COVID19 pandemic, but is still relevant and perhaps needed even more so today…
Considering the fact that more than 50 million people have lost their jobs just in America since the Corona Virus started.
As an update to this video, we’ve included newer business ideas that can be started with $1,000 or less.
Whatever you choose as your business model, there’s no time better than the present to really plant your feet and build an enterprise that can yield profits for you for the many years to come.
The common denominator between all of the ideas that follow is that all of these ideas are pandemic, recession, and fool proof.
All you need to make them work for you is due diligence, a strong work ethic, and consistency.
Alright let’s get into it.
Top 3 Business Models to Start With Less Than $1,000
- eCommerce / Digital Storefront – Whether you want to sell your old clothes, sports trading cards, information products, expensive jewelry, or just about anything else that you can imagine, you can do so through either your own website, or through any of the dozens of online marketplaces that exist – like Amazon, Groupon, Etsy, Zulily, etc.
- Financial Services – There was a time that real estate was the best professional services business that you could start for the cost of licensing with your state of residence. But the real estate market has become so saturated that there are 7 agents to every home that’s listed for sale.
The alternative? Start your own Financial Services practice. Through a brokerage like the Nahesh Agency, you can get all of the training that you need to start your own finance business, and earn residuals from your book of business… something that is not available through real estate sales.
- Network Marketing – This business model has gotten such a bad rap from people who either don’t understand it, or who thought that it was just a quick way to build riches.
Contrary to popular belief, Network Marketing is a business just like any other, and it requires hard work and consistency to make money.
But unlike many other business models, there are multiple leverage points within the Network Marketing model that allow you to build wealth relatively quickly – i.e. the ability to build a sales organization and earn an “override” commission whenever your distributors sell products.
If you’d like to start your own Financial Services and/or Network Marketing business, call us at 866-624-3741 or email us at email@example.com to get all of your questions answered and learn about your next steps.