How to Start Your Virtual Business on a Shoe-String - Introduction

Unemployment remains unyielding. Jobs are nowhere to be found. Banks refuse to lend money. Credit ratings are getting destroyed. There is no equity in our houses...so what is one to do?

Start your own virtual business!

Throughout history, downturns in the economy have launched some of the greatest and most successful companies. According to a report published in the second quarter of 2009 by Challenger, Gray & Christmas; an incredible 8.7% of employment seekers started their own business!

Some great examples of companies that started during a recession are:

• Hyatt Corp: Started its operations during the Eisenhower recession (1957-58)
• FedEx: began its operations during the recession of 1973
• CNN: Started during the brutal recession of the '80s
• MTV: Born during the economic chaos of 1981
• Burger King: Born during the recession of 1957
• GE: Born during the cruel 6-year recession of 1873

Sure, it sounds easier said than done. You may be thinking you need an MBA, thousands of dollars in start-up capital, angel investors, business plans, lines of credit, offices, personnel, and on and on and on

What if I told you that is not true.

What if I showed you, you can actually start a virtual business with little to no money?

Here is an example: This is my company, Group Benefit Agency...and it's 100% virtual!

Follow these seven steps to build your own virtual business on a shoe-string:

1. Start a Virtual Business:

This means you can work from anyplace, at anytime, at any pace. All you need is a computer and internet connection.

By creating a virtual business you can set up self-service online channels for your clients. You can also provide a centralized knowledge base for your current or future employees.

Click here to learn how to choose the best virtual business for you!

2. Get FREE Open Source Applications:

The cost of entry is very low; most open source applications are free of charge.

By setting up a virtual business with free or low cost applications, you will be able to digitize and streamline your operations from the onset.

A virtual business will help you eliminate inefficiencies and duplicity. Therefore allowing you to accomplish more in less time, and have more free time to do the things you love!

3. Market Online:

Technology has created a multitude of marketing channels. With a virtual business, the options are endless!

You can take advantage of social media, blogs, forums, articles, and on and on…and most of them for FREE!

4. Sell Globally:

You can sell locally, nationally and even internationally. Overnight, your virtual business will be a global enterprise.

You can now have clients anywhere in the world, and it won't cost you an extra dime. You don't even need foreign offices. As a matter of fact, you can run your entire global operation from the comfort of your own home!

5. Install Virtual Communication Channels:

Setting up your virtual business with virtual phones, faxes, chats, etc (by the way, most of them for free or at very little cost) , will make your home based business, operate and function like an S&P 500!

You will additionally create massive customer loyalty, which will translate into high profits for your business

6. Be Up and Running in Days, or Even Hours:

A virtual business allows you to have your business up and running quickly.

You no longer have to wait months to get your business started. You can literally be up and running in not time!

7. Manage Your New Virtual Business Remotely:

If you still have young children at home, you no longer have to worry about daycare, or nannies, or missing that important school field trip!

If you no longer have to worry about small children, then a virtual business will allow you to manage your personal and business life.  No more missing that long awaited golf game!

This is one of greatest time in history to get your business started. The economy will eventually turn around and you will be positioned to ride the wave.

A virtual business is most likely your best choice because you do not need a large investment. Operational costs are very low. Most importantly, it will allow you the freedom to run your business and have a life too!