Easy low cost startups?

I am looking to run and manage and easy yet low costing startup. What are my options right now in 2020? I have the next few months to invest my time into something and I wanted to give a startup a try. Any suggestions? 

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July 18, 2020 12:45 AM

Member

Drop shipping is probably the easiest business because nothing goes intro production until all sales are met. It is worth looking into and cost very little to start up!

July 24, 2020 1:16 AM

Member

Wholesale is a good place to start for a low cost startup business. Find something that is cheap to buy in bulk and market it online through your own store. A lot of people do this in the US and make a killing from it.

July 27, 2020 12:20 AM

Member

demarco: Drop shipping is probably the easiest business because nothing goes intro production until all sales are met. It is worth looking into and cost very little to start up!

@demarco I second this. Drop shipping only requires you to pay after you have been paid so you will effectively be spending very little if anything at all. Outside of website costs, it pays for itself.

July 27, 2020 12:58 AM

Do you want an online start up that you can run from home? There are several options on there but you have to choose one according to your knowledge level and work-ability. They all take a lot of time to start and keep running.

July 29, 2020 1:06 AM

Member

Drop shipping is a fine suggestion.


Be aware, you need to do a tonne of research or you'll be destined to lose money. The barrier to entry is easy but succeeding is very difficult, everyone has hopped on the drop shipping bandwagon by now.

July 31, 2020 2:04 AM

Easy and low cost are two different things. While low cost start ups may be easy to start or run, they are very difficult to gain success from. Does that make sense? Most start ups that are going to do great or have a high success rate cost more.

August 9, 2020 10:05 PM

Member

howell_damore: Easy and low cost are two different things. While low cost start ups may be easy to start or run, they are very difficult to gain success from. Does that make sense? Most start ups that are going to do great or have a high success rate cost more.

@howell_damore This is a good point. A lot of people look for the quickest and easiest way to get rich all the time and while "getting rich" might not be your main objective, some just want to be successful, it still comes with the territory.

August 11, 2020 12:48 AM

Member

Do you have a background in education? You can become a tutor if so. The average income is around $18 per hour and you can probably do it online as well given what is going on right now with COVID19.

August 11, 2020 1:03 AM