How To Start a Online business / No Cost



I started my first online business in 2014 after leaving a well paying IT job. I invested my hard earned money in my startup with the hope of building a million dollar company.


But , within a year we had more expenses than the income and that was the heartbreaking point for us. we tried raising money from outside investors, but getting VC money into business was really hard.


Even after getting featured in your story and other media platforms we could not manage to get enough customers.

We ran out of fund co founders had conflict, and unfortunately, we had to shut down the dream startup with net losses of money 20 Lakhs. that was a huge amount of money to lose within one year of the business, isn't it?.


After taking a brief pause and putting myself together, I started looking for ways where i could start a business without money and risk.


Things that can be started with a low initial capital like freelance work, consulting services or running an online digital marketing agency business.

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But , since i was more interested in content marketing i thought of starting a blog and try much luck in the content marketing business.


That was the time when i started my blog cash overflow with an initial investment of 11,000. I made myself clear from day one that i will not bring a single penny of investor money into the business. my goal was to make myself successful in online business without depending on outside money.


Today I'm running an award winning profitable blog, work as a content marketing consultant, have multiple websites that earn from affiliate marketing and more importantly I have the freedom to do what i really want in my life.


would you come to know about the Three step process that I exactly took to start an online business in India that is easy to understand.


As a bonus I have also shared the list of 10 best online business in india that you can start on your own without any technical help or raising investor's money.



Step 1: Start an Online Business in India With Almost 0 Cost:

You can run an online business on your personal name without paying any registration fees or hiring a chartered accountant. you should track the business expenses and income, to help you file income tax at the end of each financial year. You need to pay taxes only on the profits, that is the difference between annual revenue and expenses.


There are five types of legal entities that can be formed in india:

 

  1. One person company (OPC)
  2. Partnership 
  3. Private limited Company
  4. Limited Liability Company (LLP)
  5. Sole Proprietorship
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1. Sole Proprietorship Business


There is no registration required to start a business as a sole proprietorship. you can give any name to your business and print  letterhead, visiting card and start a website.


2.  Partnership Firm


Creating a partnership is helpful when the other partner brings in a  different skill set which can be combined with your existing skills and is beneficial for the business

3. Forming a Limited Liability Partnership (LLP)


Limited Liability partnership combined the benefit of both a partnership firm and a company.

4.  Forming a Private Limited Company


 You should think of incorporating a private limited company only when your online business has grown very large and you have more people working for you. 

5.  One Person Company (OPC)


OPC is a new type of entity, where you do not required two persons to from a private company. a single person can open and run the company himself.


SETTING UP 3 ONLINE ENTITIES 


No matter what kind of online business you want to start, you must have your presence at 3 places online.


  1. Website  ( Need to cost approx. less than $100)
  2. Social media ( free ) 
  3.  You Tube (free)


For your online business , you need an


  1. Domain
  2. Hosting
  3. Website Configuration 


2. Create Social Media Accounts


  1. Facebook page and group
  2. Instagram
  3. Pinterest
  4. Twitter
  5. Linkedin
  6. Whatsapp
  7. Quoraa
  8. Telegram
  9. Reddit
  10. Tiktok
  11. Yelp
  12. QQ
  13. Basecamp
  14. Tumblr
  15. Wattpad
  16. Messenger
  17. Wechat
  18. Viber
  19. Snapchat
  20. Medium
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THINK BETTER CHANGE WELL BETTER

 VIJAY KRISHNAN   

















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