September 9, 2010 at 15:24Student startups: minimum funding, one computer
If you have a good idea and an unbridled desire to work, then a novice entrepreneur does not need start-up capital. Even in the American Internet business, where there are no problems with investors, so-called ultralight startups , created without venture financing, by one person with a minimum investment , are increasingly appearing .
The guy in the picture is 19-year-old student Raymond Lei from Berkeley. In August, his ooShirts.com website for the design of individual T-shirts had a turnover of $ 60,000, and at the end of the year he was counting on $ 700,000. Moreover, all investments in the business did not exceed $ 2,200 for the work of an Indian programmer and website promotion in search engines for keywords like [custom T-shirts].
Raymond does not even touch the goods made. His entire business is an online designer who helps design a T-shirt and hand it over to the manufacturer. Even the dispatch of goods is the responsibility of the manufacturer, not Raymond himself.
Analyst Emergent Research is studying ultra-light startups as an unusual phenomenon in the world of electronic commerce. According to analysts, such businesses are great for a new generation of young entrepreneurs who feel great in the space of electronic communications, electronic payments and Internet services. They know the entire infrastructure from the inside and for a successful business these people do not need any offline actions and personal meetings: they can open a company and start making money without leaving the Internet.
However, in connection with the expansion of the business, Raymond still had to hire the first full-time employee to open a telephone support line.
There seems to be a new trend among students. If earlier they all looked for a part-time job, now the most advanced of them are trying to establish their own small business.
The guy in the picture is 19-year-old student Raymond Lei from Berkeley. In August, his ooShirts.com website for the design of individual T-shirts had a turnover of $ 60,000, and at the end of the year he was counting on $ 700,000. Moreover, all investments in the business did not exceed $ 2,200 for the work of an Indian programmer and website promotion in search engines for keywords like [custom T-shirts].
Raymond does not even touch the goods made. His entire business is an online designer who helps design a T-shirt and hand it over to the manufacturer. Even the dispatch of goods is the responsibility of the manufacturer, not Raymond himself.
Analyst Emergent Research is studying ultra-light startups as an unusual phenomenon in the world of electronic commerce. According to analysts, such businesses are great for a new generation of young entrepreneurs who feel great in the space of electronic communications, electronic payments and Internet services. They know the entire infrastructure from the inside and for a successful business these people do not need any offline actions and personal meetings: they can open a company and start making money without leaving the Internet.
However, in connection with the expansion of the business, Raymond still had to hire the first full-time employee to open a telephone support line.
There seems to be a new trend among students. If earlier they all looked for a part-time job, now the most advanced of them are trying to establish their own small business.