Tight Budget

[bharath]

I have planned more things, however while doing business it is going under tight budget and none is their to help me overcome except a bank loan. I spent the money which made from online for offline business and both got disturbed. Does anybody here do online a nd offline businesses ? how do you feel in doing both under budget?

 

[Nomad]

If you are on a tight budget, you can try starting a business that does not require a lot of investment. For example, droshipping, which can be started for zero investment, or print on demand business.

 

[Justin]

Yes, you can start dropshipping and print on demand business for zero cost but what about marketing. You will need to market and advertise your store and products, right? And marketing is one of the biggest expenses in running a business.

 

[Good-Person]

Yes, I am an online trader. I also have a very tight budget because I do not earn much right now. The only way to save money is by cutting down your expenses and this is what I do. I try to spend days with few money because I know that if I save money, I will have more money in the future.

 

[eLdavis]

Well the truth of the matter is that it's never easy, I am also working on a tight budget, my earnings are still not enough yet to meet up with all I need to do. But the key to survive is discipline and keep doing what you you do.

 

[Alexandoy]

I have set aside 40,000 pesos (that's around $800) for the monthly budget for our home expenses. It is only the middle of the month and the funds are already less than half. This is the first time that I am to handle the entire home budget and I'd say it is not easy.

 

[mayumi97]

I had an offline transportation business that have very high operating costs. I invested some money into it but before I even started earning, I had to invest some more. I had to use up my online earnings to fund the business and that happened several times. It was financially stressful. I was able to recoup some of my investments but not the wasted time and effort to get it going.​

 

[kayode10]

I started my blogging journey on a tight budget. I couldn't afford to buy a lot of content for my blog so I decided to get good at writing. And this has help me to save a lot of money to buy some other necessities from the blog.

 

[Grandeur]

I have planned more things, however while doing business it is going under tight budget and none is their to help me overcome except a bank loan. I spent the money which made from online for offline business and both got disturbed. Does anybody here do online a nd offline businesses ? how do you feel in doing both under budget?

I can now say that I make some money online and I am working on my offline business so I would say that the error was from you taking from one business to fund another, that's not good enough because a business needs to learn to stand on its own any external assistance should be tested and documented to be able to know how well its doing.

 

[Kunkun]

Nothing good comes easy especially running a business and running both an online and offline business can be challenging, if it's to be run on a tight budget it is important that the business venture not be one that requires high funding

 

[Grandeur]

Nothing good comes easy especially running a business and running both an online and offline business can be challenging, if it's to be run on a tight budget it is important that the business venture not be one that requires high funding

The best thing is for the entrepreneur to have a source of income before venturing into a business so that it can fund the business expenses instead of using one business to fund another which may be of disadvantages to both business.

 

[kayode10]

It can be very difficult to achieve a lot if you are on a tight budget. You always been thinking of what to do and things you should not do concerning the budget. this is the reason why it is very important to always strive for multiple streams of income to cater for once need.

 

[HayKay]

This is true about having tight spendings and in very worse cases, there can be emergencies arising that would cause you to spend above what you planned to.
The keyword for me is discipline, always try to have an emergency fund as well.

 

[glitch]

There are a lot of online options that don't cost a lot up front.

You can look into making sites in which you earn off ad revenue and affiliate programs. That is mainly what I do from home on top of working a physical job.

 

[Busybee]

I see you have a tight budget to minimize the cost. But try this approach, allow spending in marketing and promotion, statistically for every 1$ spent on marketing or promotions, there is a high possibility to get 10$ it's almost 10X return. Your operational expenses remain the same, but when your sales quantity increases you would easily cross over your break-even point and can generate positive cash flow. Sometimes, reducing expenses help, but many times increasing sales help. More sales more revenue more profit. Keep hustling.

 

[Syldan]

Actually undet a tight budget you are not advice to go into a form of business that requires alot of capital or engaging into numbers of business just to cope with the financial situation.

 

[Sincerem]

There are a lot of online options that don't cost a lot up front.

You can look into making sites in which you earn off ad revenue and affiliate programs. That is mainly what I do from home on top of working a physical job.

That's a good way to earn some more money with your time online, i am currently into affiliate marketing as well which helps me to earn some passive income and am also working on paid to post forums in my spare time.

 

[zelalem]

Yes, I'm an online retailer. Also, I don't make much money now, so my budget is very tight. The only way to save money is to reduce your expenses, and that's what I do. I know that if I save money, I will get more money in the future, so I try to go for days with a little money.

 

[HK World]

I think if you have a tight budget, you must try to cut everything unnecessary from your shopping list, at least for first few months. Focus on saving more money to avoid future financial problems.

 

[Good-Person]

I think if you have a tight budget, you must try to cut everything unnecessary from your shopping list, at least for first few months. Focus on saving more money to avoid future financial problems.

This is exactly what I am doing. I used to spend a lots of money on unnecessary things and now I have been planning to reduce my expenses a lot by creating a budget plan and sticking to it. This is what people should do,.