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Start a Business for $200 or Less

By Erik Folgate

Good Morning America has been running a series called “Take More Control of Your Life” and this morning’s feature was starting a home-based business for $200 or less.  You have heard me talk about it before, and it is a reality that you can become an entrepreneur for very little money.  You don’t need thousands in venture capital or a huge small business loan from the bank to get started. 

This article and segment was geared more towards the stay-at-home mom that wants to earn some extra cash while running a household, however, the concepts are universal.  Make sure you pick something that you love doing, otherwise, it’s hard to grow a business that your heart is not behind. Find creative ways to market your business that generate free publicity.  Make sure you have a web presence!  Check out the article and the video for more tips and ideas.  I like these kinds of segments because they pump me up for the day that I will soon venture into full-time entpreneurship. 

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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  • http://madsaver.com Mac

    Thanks for the link; I haven’t seen that article before. I’ve always wanted to start my own business, but the main problem is determining exactly “what” I’ll be selling. I like the examples they gave, but the underlying problem remains. Glad I found the Score.org website though.

  • http://www.forestcotton.blogspot.com/ Jim

    Their was a story on CNBC. About a woman that started a business collecting scrap metal just to make enough money to support her two children in 1978. Today she is the CEO of united scrap metal which is in the surburbs of chicago. Which is a’ are you sitting down a 200 million dollar company. She started the company with just 200 dollars in 1978.. You have come a long way baby.

  • Debbie

    I wanted to share what I am doing as it is such a great business! I work Part Time “solely from home” doing something I am super excited about! I am a gift consultant. Some of the best things about this business are that it is LEGITIMATE and so LOW COST and you truly do work from home. There are NO parties to host! NO kits or products to buy, store or deliver! You can build RESIDUAL INCOME! The company has a great rating at the BBB! TONS of training and support and it is a fun industry!

    This truly is a legitimate opportunity! If anyone wanted to email me to find out more they can reach me at [email protected]

    Sincerely,
    Debbie

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