If you are in the process of launching your startup, congratulations on your bravery! There are a lot of great things that can happen if you play your cards right in this game called entrepreneurship. However, there are also some downsides as well, one of them is startup cost. It takes tons of effort to be able and support your startup financially, with no proof that it is going to succeed.
What you can do, is cut your startup costs from the very start and save thousands of dollars in various ways. Today, we are listing proven ways to cut cost and reap the rewards of more cash in your pockets.
1. Design Your Own Website
Who says that a startup must hire a professional web design company to build their website?
It doesn’t have to be that way. You can undergo some training about WordPress and eventually build your own website. Or better yet, sites like Godaddy or Wix provide easy to use website builder features that allows you to create a beautiful, functioning website within hours. In an advanced digital era full of information, there are so many options and tutorials- so why not make most of them?
2. Get Some Expert Help By Freelancers
Hiring a freelancer can save you so much money in the long run. With freelancers, you are not paying for an employee – but paying for the job done and that is a major advantage. For as little as $100, you can get help with your writing, excellent advice from professional coaches, or a wonderful design for your business cards. Fiverr and Upwork are great marketplaces to get you going.
3. Become a Master Of Your Own Marketing
A lot of digital marketing agencies nowadays charge hefty prices to practically do nothing with your marketing campaign except launching an ad or two via Pay-Per-Click advertising (PPC). Well, who says you cannot do the same and save thousands of dollars for their same “efforts”?
Furthermore, with the rise of social media marketing at your fingertips, it’s never been easier to market your business on Facebook, Instagram, or Linkedin. Alternatively, going to networking mixers can help make your business visible and best of all, it’s doesn’t cost much and is effective. After all, it is your startup and you must care for every dollar you spend.
4. Start From Home.
Having a well equipped office may sound like the ultimate goal but it’s best to hold off for now. Reevaluate your situation and budget to see if it makes any financial sense. Ask yourself this “Are you capable of running your business from home?” If yes, then congratulation! You just saved thousands of dollars on unnecessary office spending. Renting a office requires considerable commitment, most places want you to sign a lease. Until your business starts making money, it’s best to avoid renting right now.
5. Buy Things In Bulk Or At Discounts
If you want to gear up supplies for your startup, forget the regular shopping and try bulk shopping instead. Why not go to one store, buy all the things and make most of their coupons or discounts?
On big purchases, even the smallest discounts can save you hundreds of dollars and if you are on a shoestring budget , you can use Craigslist to find some second-hand office material or rent one instead.
There are many tricks you can use to make most of your startup and for every dollar you save is a dollar you can reinvest into your business. Shopping around for the best prices is smart business no matter how profitable or promising your startup is.
Fingers crossed for a bright future!