There are many challenges involved in beginning a startup, and these can lead to disaster if they are not tackled correctly. Before embarking on your new business, you need to do your due diligence and find out what other businesses, there are out there that can help you make your business a success.

There are a lot of ways you can do things on the cheap when you’re just starting out, so here’s our list of the top five low budget businesses that will help you when you’re starting out.

1. Printing businesses

There are lots of ways to market your new business, and you might think that your only options are online. This isn’t the case. You can actually take advantage of physical marketing strategies to get the word out about your new business. You can utilize printing companies that will help you develop print advertisements that can be helpful for creating business cards and posters. Not only will you reach a wider audience, but people will take you more seriously, too.

2. Online forums

You might not have heard of Reddit and that’s okay. But you should know that it’s a huge forum-style website that contains millions of users who post and comment on literally any topic at all times of the day. Reddit users are extremely active and therefore represent a potential audience of a wide demographic. Reddit will let you set up an advertisement very cheaply, or you can go one step further and create a post in the hopes of it going viral.

3. Event planners

Coordinating the master plan that will take care of your business launch can take a lot of time, and this is on top of all the other things you’re doing at the same time. Rather than take on too much, you should utilize the skills and talents of an event planner. This is a very low budget way to not only ease your burden, but increase the chances of success for your business. Event planners are people that perform launches for a living, and they’ll know all the things you need to do to get your name out there.

4. Market researchers

Before you launch, you need to know exactly how who your potential market is and how they will react to your business. These things are impossible to truly know without actually putting in the legwork to perform the research. That’s why you should turn to a market research company. These companies exist to keep their finger on the pulse of current market trends, so that you can launch at the right time and to the right market. They really don’t cost much to use in the grand scheme of things, and the investment will be well worth it.

5. Solicit venture capitalists

At some point in your startup journey, you might consider trying to get financing in order to expand your business and build your dream. This is where a venture capitalist comes in. These are people and companies who provide capital to new businesses, such as yours. This can help immensely with designing and launching new products, or opening second and even third stores. This process will involve pitching your idea to a panel of people, and if successful you will reap the benefit of having capital behind you.

Getting your new business off the ground doesn’t have to cost you a fortune. There are many companies out there who make launching businesses properly and efficiently their way of life. By making smaller investments up front, you’ll be sure that your business becomes a success

Published by Samantha Brown