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The internet makes it easy for anyone to start a new business in their spare time, but no matter what business you have your mind on, you will need a little finance.

Businesses can be started online with less than ten pounds, especially if you’re a freelancer selling services. You can create profiles on marketplaces and pay the fees only when you’re paid from a job well done. If you are selling products however, you may need a little more investment and will no doubt need to build a reputable website.

A website isn’t cheap as you need to buy the domain name, the security certificate, the website building (be it a developer or a site maker tool), the hosting and the copywriting. You may also need to invest in SEO services to ensure your website is seen by Google. Regardless of this, it’s still much cheaper than renting office or warehouse space and can actually be achieved with as little as £500. If you have no spare change right now, how do you finance your business?

Claim a Tax Rebate

You can claim a tax rebate in a variety of ways, from claiming tax back when you go self employed (the most obvious one for starting a business) to uniform tax rebates. A tax rebate could finance your online business enough to get you off the ground with the basics, ensuring you don’t get into debt when you start to live your dream.

Cash in Old Coins

The majority of us have old currencies and foreign coins from holidays past hiding down the arms of the sofa or hidden in a drawer. You can convert these easily online, allowing you to benefit from money you didn’t know you had. You can also use a website like Cash4Coins to crowd fund your idea. Ask people to donate their foreign coins and benefit from great conversion rates.

Choose an Advertising Company that Give a Great Return

Organic SEO is the best way to market your company and to ensure it reaches the coveted top spot on Google.  Organic SEO is easy but long-winded, you simply need to share great content and ensure other publications link to you (which they will if your content is good enough). This can take time. Until that happens, a good PPC campaign is needed to bring those visitors to your website. A good PPC agency will be able to ensure you pay for your advertising through the profit made on your advertising, so you shouldn’t ever be out of pocket.

You can also look for magazine advertising, that allows you to promote products or services in exchange for a review.

Marie Sofsian

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