10 Tools to Start an Online Business without Breaking the Bank

By Chris Porteous

Hundreds of new online businesses go from idea to reality every day. While statistically most of these businesses are destined to go belly up, there are those that will grow and ultimately become very successful. Everybody who learns how to start an online business obviously hopes to be in that select category of success stories.

The question is how to start an online business that will beat the odds and succeed.

Determination and hard work, of course, are the coal that fuels the engine, but that engine will have trouble staying on the tracks if the right tools aren’t used to keep it moving.

There are plenty of tools out there that can help your online business perform more efficiently to save you time. Thankfully, a lot of them offer a range of plans that are quite affordable for business owners just starting out.

The goal is to shoot for tools that get the job done in the best way possible and won’t put your online business in the red before it’s up and running.

What Are Your Weaknesses- How to Counter Them and Build Your Strengths _ Lifehack

1. LivePlan for Business Planning

Having a good idea for an online business is the first step to launching your career as an online entrepreneur. Making a solid business plan for that killer idea is second. There are a number of great tools out there that can help you make a business plan and lay out the blueprint to turn your idea into a profitable venture.

For example, LivePlan starts at $11.66 per month and walks users through each step of the business planning process and has over 500 different business templates to ensure that users find the perfect one for their business venture.

2. Siteground or InMotion for Web Hosting

If you’re going to start an online business, establishing a website is going to be one of the first steps. You can get free web hosting, but it’s often lower-quality, and you’ll probably find that spending even a couple of bucks a month makes a world of difference. When it comes to web hosting, it’s important to look at your business’ needs.

For a small business, a shared hosting plan like Siteground is probably your best bet. You’ll be sharing a server with other websites, but it’s affordable at often less than $12 a month and is easy to use.

If you’re expecting a huge amount of traffic, a dedicated hosting site such as InMotion may be a better choice. This type of web hosting will be more expensive, but it is highly secured and won’t get bogged down easily by a lot of visitors.

This article can help you learn what to look for when choosing a web hosting provider.

3. WordPress or Squarespace for Content Management

Now that you’ve got your web hosting in place, it’s time to choose a content management tool to build and maintain your online presence. WordPressis obviously the best-known and for good reason. It’s incredibly customizable and comes with an array of free resources, tools, and plug-ins that can be applied as your business grows.

Squarespace is another popular website content management platform that many newbies will probably find a little easier to use than WordPress. No coding required! Both products have several levels of pricing, with Squarespace starting at $12 a month and WordPress at $8 per month. Really, you can’t go wrong with either one.

By lifehack.org/articles/technology/8-tools-start-online-business-without-breaking-the-bank.html

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