Josh Gwin
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5 Ways to Keep Your Business Expenses Low When Starting Out

how to keep business expenses low

Today was one of those days.

I was having such trouble writing this post today. I procrastinated it until the end of the day.

Then I began to think about ways to psych myself into doing it. I decided I would just start writing about something I enjoy talking about and that I think can help you.

I also put together a list of the top 6 tools that have had the biggest impact on my business. Click the button below and I'll email you the list for free.

So here it goes...

One of the key things when starting a business from home, or your current job, (or wherever), is to keep expenses low. This makes it so much easier to start out in the black.

If you spend a ton of money renting office space and hiring employees before you have your first client, it's going to be a pain in the ass.

You will be behind from day one.

You will struggle to make ends meet.

Here are the top 5 ways to keep expenses low when you start your home-based business. I'll add to this list in the future.

Have something you think I should add to it? Let me know in the comments.

1. DIY Business Set Up

Do a lot of the initial shit yourself. Don't hire an attorney. Don't rent an office. Don't hire an assistant. Do that stuff yourself. You can easily set up an LLC yourself for about $100 (vs. $1000+ that an attorney will charge you).

2. Don't hire employees.

This is the most expensive cost to almost any business. I didn't hire my first person until about year 1. And that was (and still is) an independent contractor.

3. Get the right tools that will make (and save) you money.

This step was huge for me. I started out using Paypal for billing clients. I found it very difficult to create great looking invoices that made it easy for clients to pay me. When I switched to the tool I use now, FreshBooks, my income doubled over the next couple of months from this one tool alone.

4. Build your own website.

This one step can easily save you $1000's.

Don't know how to code? No problem.

I created a course that shows you how to build one and you don't have to touch a line of code. If you can use Word, you can use this website editor to build a beautiful website. Look at the one I built for my business.

And then you can build them for clients and charge money for them. Learning this one skill can easily add $1000/mo to your business revenue. I've done it. If you'd like, you can get my website design course at a 30% discount here. I'm not a high pressure salesperson, but the course is really good 🙂

5. Don't do expensive marketing.

Set up Facebook or Google ads for $10/day to get started. Market on LinkedIn for free. Don't do radio, TV, expensive print publications. You'll never be able to track it and it's wildly more expensive.

6. Let all of your friends know what you are doing.

What if all your friends knew what you were doing and wanted to help you succeed?

How many referrals or mentions would you get from that?

I admit, I am bad at this. I'm very good at marketing for my clients, but not very good at marketing for myself. Even still, this is where I've gotten most of my business. Think this is too tedious to do one at a time? Blind copy 10 friends from your Google contacts and send an email to 10 people at once.

Or use this cool Chrome extension called Gmass and email 500 people at once. Pretty cool.

Hope this helps you get a great start on being amazingly successful!

Want More?

Make sure to pick up the free reports in the resources section below. One is a 30-Day checklist I used to start a profitable social media business from home and the other is the top 6 resources I used to triple my business income. They are both really cool and will make you money.

There it is.

​JEDI. Just Effing Do It. The way to psyche yourself into getting shit done.

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 I'm going to have to remember that in the future.

Do something you enjoy that moves your business forward today. You'll feel amazing at the end of the day.

Cheers!

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