How to Start a Business with less than £100

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How to Start a Business with less than £100

November 26, 2018

Recently, I got into a debate where some people argued that you can't start a business without a serious capital. My personal business journey, as well as, many of the people I know who are successful in their ventures, show exactly the opposite. And because I don't like making statements without being able to support them with facts, I interviewed several entrepreneurs who started their businesses with less than £100. 

 

 

 

Eco Products Home Factory with £50 

 

Green living is becoming more and more popular as people become more environmentally conscious. They recognise the benefits of using natural products for their beauty and health routines. But usually, organic products are very expensive. That would mean you need quite a large capital if you want to start an eco product-based business, right? Nope. Meet Galina Hristozova, the name behind Galina's Naturals as she tells us her entrepreneurial story. 

 

Galina: I had a very complicated second pregnancy, which led me to re-thinking my daily habits and how I lived my life. It was at that time, when I realised that the mainstream cosmetic products are full of toxins and unhealthy ingredients, slowly killing us. I made a choice for myself and my family to look for better, more natural substitutes. I spent a lot of time in research and started making soaps at home. It quickly turned into my passion. Some of my friends saw my soaps and other products when they visited and thought I should really start selling my homemade creations. At first, I wasn't sure this could turn into a business, but I gave it a go. I spent about £50 for raw materials and opened an Etsy shop. It's been 3 years of a constant learning curve, adding new products and bettering my brand. I now offer a wide variety of eco-friendly, zero-waste and 100% natural products, just a few orders away from celebrating my 1,000 sales milestone. 

 

 

 

Content Creation Services with £25

 

Well, that's MBC's story. In March 2015, I was feeling bored at work and started looking for opportunities to earn extra money and fill in my time. I knew I was quite crafty with words and I discovered freelancing! My initial investment on a platform, called Freelancer.com, was $30, which included a deposit and 2 of their English tests to boost the credibility of my account. A couple of days later, I got my first project, which paid exactly the same as my investment. Within the period of 9 months, I had completed 25 projects, one of which was editing of a book! My clients were coming from different parts of the world and usually worked with me continuously. That's what prompted me to create my first website and start promoting my services independently. My business has now grown to a digital marketing consultancy, offering a rich array of digital services any small business may need.