Starting a business in Cambodia is easy if you have money including legal registration, labor cost and office rental. But you might limited to a tight budget to start a business. There are option and possibility to start business with little budget, if you have the right skill, work ethic and marketing know-how.
I had read a book “The $100 Startup”, they said “To succeed in business, you need to think carefully about all skill you have when you want to start business with less money.”
Think of some way below to start business with less money in Cambodia:
1. Make money from online : There are few way to make money online, from Adsense, Admob, Youtube and Amazon affiliate program. I had been earned around 200$ per month from only Admob. I invest only my times 4 hours per week to create and maintain. If you spend more time to explore and do it, you might earned more then a thousand per month. You invest a very little money then it become your passive income.
2. Make something : You can make something that does take an initial cost in supplies but oftentimes and the products can be sold for many time.
- Bongthom a website for job seeker.
- Khmer24 a website for buy and sell everything in Cambodia.
- Snapyshop an online shopping.
- FanNow an online movies booking in Cambodia.
- CamboTicket an online BUS ticket booking in Cambodia.
3. Resell something : If you don’t consider yourself a creative person, you can just be reselling products that have already been made either in Cambodia or in other countries. You can do it in a few ways such as delivery to the door, you need to setup an online store or just use the online ecommerce platform Shopify or Snapyshop and promote on your Facebook channel. Or you just create a Facebook page and sell that products. Using a products listing website like Khmer24 also help you generate the revenue for your resell products. As it require delivery you can do charge or free depend on the amount of order.
4. Sell your services : Start a business with little to no startup capital is to sell your services. There’re a lot of service you can offer, based on your background and interests. But this sometime require advanced degrees like accounting. It’s useful to have website to show examples of your work, experience in your related industry. You also need and branding plan to make sure your name/company pop up to people need your service. Facebook is one of a great place to show off your service, as it is a place where most business owners online.
5. Get what you need by Barter Deal : Sometime, it’s so hard to start business with no funds. Even creating mobile app or website business will still require computer to work as well as Internet. There are few ways to get supplies you need to start business without fund at first stage. Example you need laptop, you can do website or develop software for company or organization and ask them to supplies laptop and internet instate of money. CodinGate had been use this strategy successfully.
6. Delivery services : If you don’t have money and products, there are some of chance and opportunity. You can choose products from shops, super market, restaurants, even coffee, beer or wine and do delivery to customers. You can get the commission from sell the products plus delivery fee.
Starting a business requires a passion for what you are doing. I, myself don’t have enough passion yet, but I already invest in to it.