Think you need thousands of dollars to start a business? Think again. Plenty of profitable

businesses have been built with just $500 or less, but only if you spend it the right way.

That's exactly what Carl wants to know in today's Q&A Wednesday. Carl asks, Omar, I don't have a

lot of money to start a business. If I only had $500, what's the smartest way to use it

to build something profitable? Great question, Carl. Today, I'm going to break down exactly

where to spend that $500. What kind of business you should start and how to get your first few

customers ASAP. Let's get into it.

Welcome back to the $100 MBA show.

I'm your host, Omar Zen Home, where I deliver practical business lessons three times a week,

Monday, Wednesday, and Friday to help you start, grow, and scale your business.

With only $500, you can't afford to start something that requires inventory, a storefront,

or major upfront costs.

Instead, you need to focus on low-cost, high-margin businesses.

Here are a few.

First one, service-based businesses, like freelancing, coaching, consulting, agency work. A service-based business requires no inventory, no upfront costs, just the skills you

have and your time.

Second option, digital products, courses, e-books, templates, memberships.

You can create them once, sell them infinitely, and they scale without any extra cost.

Third option, affiliate marketing, and content.

Think starting a blog, a newsletter, YouTube channel, social media, build an audience,

recommend products, and earn commissions, and sponsorships.

When I first started, I didn't have a huge budget.

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