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February 5, 2021
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It has never been the perfect time to be an IT professional in this digital day and age. That’s why we can’t blame you for thinking of finally biting that bullet and paving your own path. The process itself can be quite daunting, though, especially if you’ve been used to working as an employee for most of your professional life.
One of the biggest concerns usually comes from a limited budget. Hence, in this article, we are going to focus more on providing services best for IT Professionals. It’s the perfect way to start a business with a low budget, after all. Who knows? This might just be the income-generating project that will finally fund the idea. So with that said, let’s get started!
The Startup Ideas for IT Professionals
Computer Repair and Maintenance
Starting a business is not always as glamorous as popular media portrays it to be. Sometimes it starts by providing the simplest services especially if you are working with limited capital.
Don’t think, though, that it won’t be as profitable. Computer repair and maintenance services, for instance, are in high demand right now. It only requires skill, minimal equipment, and a deep understanding of how various computers work and that you know if you are the best IT Professional.
Those with limited equipment, on the other hand, can opt to work with people instead. Computer training is also popular these days especially amongst the elderly. What’s more is that you already have the only thing it requires: credibility.
Your credibility as an IT professional will put your prospective clients at ease, that you will be able to teach them everything they need to feel more comfortable navigating through technology.
We understand, though, that not everyone has the patience to teach others. If that’s the case, then consultancy might prove to be a better pursuit. This will require a more established online reputation and experience, however, since online influencers will be your main clientele.
As an IT Professionals, do you have an eye for design and a knack for providing an excellent user-experience when it comes to creating websites? Then you will definitely find profit in web development.
It would be ideal to create a website of your own to display your expertise that how good you as an IT Professional. However, you can also find clients through online job marketplaces like UpWork and Fiverr especially if you’re still building your experience and online foothold.
Don’t limit your expertise with websites as well. As the world shifts towards more mobile and portable screens, we expect that applications will get even more popular in the future. It is also important to note that some businesses even have multiple apps developed. LinkedIn, for instance, has nine apps in all to serve various purposes.
Again, while it’s ideal to have your own website, you can always start by looking for clients in online job marketplaces to get you started.
IT Professionals: How To Start A Business On A Budget
Now, there are numerous other ventures that you can dip your toes into out there as an IT professional aside from the ones we have featured above. In fact, we encourage you to come up with a niche of your own just as the legends that came before us.
Bill Gates. Steve Jobs. Mark Zuckerberg.
They all started their empires with an idea that they built upon for years, some even starting in their own basement or armed with the most basic stuff and equipment.
Yes, it is a combination of both skill and luck, but there are ways to start a business with a low budget and maximize its potential.
Here are some of them:
Improve your financial management.
If there’s one skill that you should invest in as a budding entrepreneur, that would be financial management. You can start by practicing healthy financial habits such as setting a budget and separating your personal from your business accounts.
Be prepared to live a very frugal life and earn close to nothing as well during the first year. It can take a few years for a business to really take off so it’s best to keep your expectations low.
Leverage existing resources.
You don’t have to buy everything brand new. Look into renting equipment or buying them secondhand. Just make sure that you’ll still be able to provide the highest quality of product or service as you can.
If you really need to buy something, start with the absolute essentials. You can always build your empire little by little once the revenue starts streaming in.
Consider remote working options.
Let’s be honest. Office space can be quite an investment, especially in premium locations. Hence, we recommend looking into alternative workspaces instead, like your home or coworking facilities.
Choose quality over quantity.
Finally, if there are words that you can live by, it should be these. Apply this when you’re hiring people and while you’re seeking new clients as well. One client who pays on time and leaves positive reviews will be better compared to five fussy ones who never pay on time, and worse, leave bad reviews in their wake. Good luck!
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