The planning and preparation are complete, your idea is solid, you’ve done your research. So let’s kick it into high gear and LAUNCH! How much will it cost you though? Let’s have a look and see if we can start a business for under $1000.
Your Domain Name
Head over to Netfirms to see if your desired .ca or .com name (or both are available).
You can host at WordPress.com for free. With all of their great themes, and ease of use – you can launch a pretty sweet-looking site for next to nothing. Just be sure to pay for the domain forwarding so that you’re using your domain, and not ‘wordpress.mysite.com’. (If you’re slightly techie, you can probably launch your own self-hosted WordPress.com site and be ahead of the game in the long run.)
$12 for domain forwarding
Get a professional logo design
You want to look professional, without paying the premium $1500+ pricetag for a high end design firm, 99 Designs has you covered. Pay only $249 for a great quality logo and get your pick of several designs.
If it’s a handmade product business you’re starting, create an Etsy account. It is the way to go to market your wares (in addition to your own website of course). You pay a per item and per selling amount fees.
FREE initial setup
Paypal only charges you fees when you’ve collected money, so it’s essentially not an upfront cost.
FREE initial setup
You need some flyers or rack cards, so get them designed by the same designer who did your logo and save. Overnight Prints delivers quickly and inexpensively as well.
$195 for graphic design
$100 for 500 postcards
Blog, and create Facebook and Twitter accounts. The only cost here is your time. Use it wisely, learn about social media and how to engage and connect with your market without being spammy. Tumblr and Pinterest are lovely sites to utilize if your product or business is visual or design-related in the least.
Total LAUNCH plan = $565.95
After having said all of that, do you want to start a business and just don’t know quite what type of business you want yet, check out Pure eCommerce – they do all the setup for you and sell you contacts, a complete website design and a product collection to start you off.
This post is NOT meant to be all-inclusive start-up advice. We always recommend you consult with your local governing agencies, legal and insurance advisors on meeting all local and legal requirements when starting your venture.