Under 18 Entrepreneurs: Learn how to Self Finance your own business online

Last Updated on

If you are serious on earning money online from your business, then you must invest money in it. This is a no brainer, if you want to make money, you have to invest money. You have to invest money on these things,

  1. Website domain & Hosting
  2. Website design and content creation
  3. Legal formalities
  4. Marketing & Advertising

There could be even more steps and costs associated with your business but one thing is sure, you need money to start and manage your biz online! Hey I said it’s easy but didn’t say it doesn’t costs!

But what if you are starting with zero?

Are you looking for investors to put money on your idea? Well that won’t work, at least on this stage where you don’t have any money. This is why you should “self finance” your business. I’m showing you how,

Build up a saving

You need money for your business, so build up some savings for that. Estimate a budget on how much you want to spend to start your business. For an example, you want to start your business under $1,000. At the same time, you divide your budget into multiple steps like you need some money to setup a website; you have to run advertisements etc.

Work on a side business/ job

You need money for the biz, so let’s start working on another part time job or business. This way you can build your savings easily. You want to have a business online does not means you cannot work on something else.

Start working as a freelancer

This is one great tip, you work online to make money as a freelancer and then you invest the money back into your own business. There are businesses online that will need your expertise in their business. Another great thing of freelancing is, you can learn new things and technologies that those businesses are using to improve their business. You can also work as a freelancer even if you are running a business.

Make proper use of free services

Almost everything online is free. Use social media, where you can connect with your clients. MailChimp is a free service for email newsletters. You can use webly and freewebs to have free websites with hosting. With the help of free social media tools, you can promote your service for free and effectively.

Take donations

You can take donations or small amounts of money from your friends to cover up your costs. I know you cannot start a business from donation money; but in business, every cent counts.

Use rebates, coupons and free vouchers

There are rebates on domains, web hosting and many online services. You can use coupon/ promo codes to get some small discounts on the services. Most web hosting services offer promotional advertisement coupons for adwords or facebook ads. With this, you can have free ads + get to try how it works.

Offer a service

You can offer a service online like consulting, coaching to make money. Your ultimate goal is to build funds for your business. If you offer a service that is related to your business, it will help you get new customers too.

Don’t turn down opportunities

I know you are self financing your business project but if you find any potential investors, don’t turn them down. You may get opportunities in many ways, such as one of your friend would like to introduce you with a potential business client, will you turn that down? You may get a review written about your site from another blog, that’s great too! You see, everything that you can get from your surroundings –is great!

Building a business is difficult and even more when you are short in money. It’s better to do it with your own money than putting someone else’s money in the table. And when you will have the business up and running, you will find potential investors willing to give the money in your hands.

14 thoughts on “Under 18 Entrepreneurs: Learn how to Self Finance your own business online”

  1. Accounting Courses

    I agree that if you want to start a business, be it small or not, money is really needed. You must sacrifice your time, money and patience when you want to set up a business. Working as a freelancer is what most young entrepreneurs do when they are starting off. As a matter of fact, Most entrepreneurs found their early success online working as freelancers.

  2. Excellent article. Really, it takes money to earn money.
    .-= Chandan´s last blog ..How to get visitors to your blog – Key to online success =-.

  3. examples personal statements

    i want to build my own website and ofcourse earn from it, thanks for your post it’s really helpful!
    .-= examples personal statements´s last blog ..Is SAT an Essential Component of College Admissions =-.

  4. Good post. There are a lot of ways to get a foothold in a business you want to succeed, and as usual, money is a shortage when things are still in the infant stages. But as you’ve explained there’s several ways to keep it going.
    .-= car battery´s last blog ..Dealing with dead car batteries =-.

  5. how do I become

    I’ve been wanting to earn online for some time now, seeing as how I’m always online when I’m at home. This has been a huge help. Now the next question is, where to find the money to start anything..

  6. Sean - Blogging Strategies

    Though most of these suggestions are already known they still act as an alarm to those who ignore the facts. I appreciate your work in this! Most of the unemployed who feel that their survival in this business life is hard is due to misconceptions.

  7. bankruptcy lawyer

    This is the best business I could consider. You can track and monitor your sales at the comfort of your home or anywhere you want. It could also be less effort or at the same time, you can too earn revenues if you host your online business with your own domain name.

  8. application for school

    This tips are good I agree to this post, it is a step by step tips on how to earn money to start the business, Ive learned a lot for this steps guide. I can even work part time even if I have business, so cool. I get back to this post when I’m about to start business.

  9. I totally agree with your tips.
    You must do everything to start a saving and get some free services and other stuff. Right now, I start blogging with some blogs from blogger.com. Work as a freelancer from a foreign client. Everything is working for me. However, there are some downs on my job but I always think positive and never turn down some opportunities. And hoping, at the end of this year, I get at least one domain..hehe

  10. Accounts Jobs In Pakistan

    I am very happy to find it, nice work, Thanks dear for sharing useful information. It is worthwhile website. LINK BLOCKED Its an amazing website.

Leave a Comment

Your email address will not be published. Required fields are marked *