People all over the world currently are under the influence of pandemic threat and this has left everyone in great despair. Many have lost their jobs and more intensely even the lives of their loved ones. Above all, they are confined in their homes and hence they struggle a lot more than ever before.
To make the situation worst, there is an overall economical downfall in most of the regions of the world. This is the reason why this year several people have got their social status turned down from the middle class to the lower class. Sigh!
We don’t know actually how long would it take to culminate the COVID 19 complete but more or less it is disappointing to note down the stats. Therefore, if you want to sustain your position as quickly as possible, you should brainstorm and dig out some ways to turn on your fortune.
This could either be initiating with learning and practicing some skills or maybe starting as an entrepreneur. Cool? Yes, of course. This time we are introducing some legit ways to initiate something incredible with as low as $100. No, that’s not a joke at all. End of the day
Fortune favors the brave
Several cases have been listed historically that took a simple step to begin and then the Almighty bestowed them with everything that they used to look for. therefore, you must realize that this is the right time to give you mind a boost and ponder over the ideas to work on and try. Have a look at the top five trending ideas that will help you do great in your field.
Flip, once you buy!
No matter what, how poor one seems to be, everyone at least has $500 to $1000 hidden behind the folds in the closet. Have you ever looked closely at those unwanted toys or an old jacket that you no longer wear and sometimes the boots that are out of fashion? You know what? $8 on eBay is far more significant than nothing. This is how you can initiate building your capital.
All you have to do is find out the worthy stuff. Research over it as much as you could. Engage with the auctions on eBay to know the genuine value of your belongings. Once, you are aware of it, you need to check out the markets. You can get on the Craigslist and sell everything easily on eBay. Moreover, you can buy old t-shirts on e-Bay and offer them as trendy tees on Etsy. Also, try to buy at Goodwill or even yard sale and flip it over on Instagram or Facebook market pages.
All you need to spend is enough time on it. $20+ can be simply made this year if you take around 300-600 hours that you casually waste on spending on your gaming or watch irrelevant sports. This is the ideal way to convert leisure time into converting as something productive.
Either sell or offer service
Some of the most amazing businesses to initiate when you have around $200 or less are either of the sales and service businesses. What do you need in that case? Only, your cell phone and internet. Oh! You heard it right.
It could be anything. For instance, consulting business or selling out the cars, offering life insurance, or something like a door to door selling facility. These fields hold skills that will be nearly invaluable when you have massive capital. You will easily grab the experience to initiate, negotiate, counter as well as manage the rejections. After all, it’s not easy to obtain bread and butter. Almost, in every city, somebody will surely hire to make around a cold call, something like commission-based selling which is very safe. This is because if you sell, you are paid, if simply not paid.
You must always test before you invest
No entrepreneurs can be successful if they fear to fail. All you have to be a little observant and clear about your ideas before your leap. Try to test your idea or produce leads with Facebook ads which are around $100 investment only. You need to keep this in mind that you will have both positive and negative responses. If you avail of many leads, you can simply close which takes around more than $100. This offers you enough momentum to pursue with a positive thought.
We name it “testing before investing”. You spend $100 and obtain $200 to $300 or if you spend $1,000 and attain $2,000 to $3,000. In this way, a typical campaign initiates and goes on.
Use your expertise
The easiest way to initiate a company with a minimum investment to find out share, consult, and scale. Take your $100 and put it aside for any undue rainy day. Initially, you need to identify the area of knowledge that others want to have and whether you are expert or mediocre level personnel in that field. The most common thing that people employ here is either their profession, passion, or even their skill.
On the next page, you have to look around where people who are looking for knowledge hangout. It could be anything like a portal, a forum, a website, a social media platform, or even someplace in real life. Side by side, building a reputation and authority, utilize this span to recreate your targeted customers and branding as well.
Later on, raise your rates and offers. You can even outsource and automate the tasks. You can hire others to consult for you. Moreover, you can create your application or website so that people can approach you easily. Also, license your intellectual property. This is the phase where you can build most of your financial gains.
It is never about money
You can initiate around 7000 businesses with a simple $100. Surprised? We know, this seems ridiculous for now, but this is the reality of today. For instance, initiate a network marketing plan. Its very simple to take options. You can have whole blocks by a mere $100.
Closing the long story short
Therefore, one has to realize that it is never about the amount you have. Instead, it is all about the idea and the creativity that you want to spread around. End of the day, it is all about your team or partners who believe in your thought and support your idea and let you fly beyond the boundaries.
It is about your in-depth knowledge and understanding of the market that will lead to liberation. Once, you are fully satisfied with your ideas, you must take risks in the first place. You never know actually, how a small amount like $100 can turn on your fortune and let you fly high in the skies.