iStock 000003684831XSmall 300x199 The $500 Online Business ChallengeFor my online business venture that I’ll be case studying here, I’ve decided to set my budget at $500 and see if I’ll be able to build a successful online business for relatively cheap. For me, this is a number that I can live with losing if things don’t pan out as well as I would like. The trade-off of a lower budget is always going to be more sweat and time, but the goal is to have this business as automated as possible once all of the upfront work is done.

The keys for me working with this low budget will be:

  • Making use of all the great, free information on the internet
  • Maximizing my time
  • Taking advantage of social media and word of mouth
  • Leveraging the best free tools that I can find

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