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Luke Arthur has been writing professionally since 2004 on a number of different subjects. In addition to writing informative articles, he published a book, "Modern Day Parables," in 2008. Arthur holds a Bachelor of Science in business from Missouri State University.

Cost Efficient Ways to Start a Business in Hong Kong

Starting an online business is a low-risk venture compared to investing in a physical store. In fact, the internet is said to be a great equalizer. In business for instance, the internet has simplified things and provided equal opportunity to everyone irrespective of your experience or start-up capital. Virtually anyone can today start an online business, - well anyone with a computer and an internet connection.....,,,,https://419497ocg7gl3t2a2kd2ay3xbj.hop.clickbank.net/

In Hong Kong, online business is gradually picking up, and more and more people are buying things online. With this in mind, one of the things you might be thinking about is how to begin a cost-efficient online business in Hong Kong. Well, you’ll agree with me that nothing good comes easy - we simply have to work for it. But nonetheless, there are a number of online businesses not only in Hong Kong, but across the globe, that do not require a lot of capital and therefore we shall be looking at some of these businesses as well as other ways in which you can begin an online business at an affordable cost.

Government Grants

Just like Singapore’s Productivity Solutions Grant, Hong Kong also has quite a number of government grants that are aimed at boosting small and medium-sized enterprises. Examples of such grants include; the Create Smart Initiative (CSI), the Innovation and Technology Fund, and the Technology Business Incubation Program, among others. These types of grants can go a long way in helping you start your dream business or even to improve your current existing business.

Affordable Business and Financial Services Consultancy Firms.......https://419497ocg7gl3t2a2kd2ay3xbj.hop.clickbank.net/

One of the best things about Hong Kong is the ease of starting a business. There are numerous affordable business and financial services consultancy firms that can help set-up or upgrade your business. If you find the right consultancy firm, you can get your business up-and-running in no time.

As stated earlier there are other online ventures that require little to no capital and these include; drop shipping, affiliate marketing, and blogging. But let us look at these three in detail.

Drop Shipping

The best thing about the online drop shipping business is that you don’t need to have a large inventory of items and neither do you need to physically handle the delivery of the product to the client. This therefore reduces the risks and financial costs of having a warehouse stocked with all kinds of items that you might not sell. It also eliminates the struggle of sending orders all across the country.

Actually, you don’t even need to store or manufacture any products or items at all. The only things that you need to do are advertising and marketing, to find clients and make sales. Once a product is sold, everything is handled by others.

Affiliate Marketing

Affiliate marketing is almost the same as drop shipping but with a few key differences. With affiliate marketing, just like with drop shipping, you do not need to have an inventory of products and you do not need to hustle with deliveries and shipment to customers. Instead, you only need to identify a lucrative niche for your online business and then look for an affiliate partner who manufactures or owns products in that niche. Examples of popular affiliate sites are CJ Affiliate and Clickbank.com.https://419497ocg7gl3t2a2kd2ay3xbj.hop.clickbank.net/

These two sites have almost everything when it comes to digital information products like video files, audio files and eBooks. Other big brands and companies such as Home Depot and Wal-Mart have their own affiliate programs.

With affiliate marketing, what you do is simply offer items for sale through your e-commerce website or blog. The product you display has a unique link that leads back to your affiliate account. Every time a product linked to your website is bought, you get a commission which ranges from 5% to 25%.

Blogging

If you are passionate about something, why don’t you create a blog about it and make money while at it? There are some sites that you can use to blog for free. Alternatively, you can create your own website and acquire your own hosting at an affordable fee, which is basically the better option since most blogging sites have restrictions.

Get Started

Starting a successful, cost-effective online business is possible with assistance from government grants, or you can also consider some of the above businesses that require little-to-no capital. The only thing you will probably need to do, is pay for your business registration and taxes which is fair to say the least. So, stop procrastinating and start that online business that you’ve always been thinking about.

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