P12: The $500 Startup… How to Start a Business with just $500… 💸😮💸

Video & Audio of Our Call:

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Background:

Raine Mahdi of Hawk Packaging and your sexy host (Austin Peek) give you practical advice on How to Start a Business for Under $500! On this episode, Raine reveals……………. 😮 ….. his…………….. 😮 ….. secrets, to getting started on a budget… So no more excuses for you people that keep kicking the can down the road… You can do it!!!

After 15 years of experience in Sales, Marketing and Business Development, Raine created Hawk Packaging, which offers Custom Printed Flexible Packaging. Some of the products they offer include stand up pouches, kraft paper pouches, flat bottom bags, spout pouches, and many more.

Time-Stamped Show Notes:

[0:39] Starting a business with only $500 is something that Raine personally likes setting up. It’s a low-risk business with a high reward potential.
[1:28] Raine has built businesses from the ground up several times in the past. He started his company, Hawk Packaging, with only $75 and they did close to $2 million last year.
[2:23] Who would want to start a $500 business? Raine points out what type of person would want to start a $500 business.
[5:15] People with criminal backgrounds can benefit from doing this $500 startup business.
[7:14] There are two types of businesses that you can do today with only $500 or less capital.
[7:34] Raine discusses what dropshipping business is all about.
[11:37] Picking the right niche that is not very competitive can be the key to success in a dropshipping business.
[13:55] Austin and Raine share the different tools needed to set up your online dropshipping business.
[15:40] Another type of business that you can set up for a small amount of money is the Service Type business.
[16:29] Raine uses baseball coaches as his example for establishing a successful service-based business.
[21:40] Another service-based business that Raine is using as an example is a garage cleaning service.
[24:59] Raine offers another important insight for people who are just getting started with their business.
[27:31] Both Austin and Raine discuss the idea of starting a business that is related to something you like doing.
[31:51] There is a guy selling Raine a spicy chicken deluxe sandwich, who Raine considers as a top-notch salesperson. It's another interesting story for the listeners.

Fabulous 4 Questions:

📖📚 Favorite Book(s)? E-myth is a classic… I'm all about the basics
🙌😎 Favorite Amazon.com purchase? Lunkerhunt Pocket Frog lure
🌱💸 Favorite Tool that's GROWN your Business? Infusionsoft, Asana, Zoom – absolute game changers
💭💡 BIGGEST Challenge keeping your Business from GROWING? Time

Key Point from the Interview:

“We’re calling this episode the $500 Startup, I don’t even think you need 500 bucks but that’s just the most you could possibly need to do any of that stuff we’re gonna talk about today. Five hundred bucks, more importantly is the will and the drive to do it. That’s the most important ingredient that you have to have. It’s not money, it’s the will to work hard. If you don’t want to work hard, you should just probably turn this off now.”

Resources Mentioned:

Secret Resources:

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Raine Mahdi of Hawk Packaging

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