How I Started a 5-Figure Business With Just $1000

Alvin Ang
The Startup
Published in
7 min readApr 17, 2020

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Not too long ago, if you claimed you could start a business with less than $1000 down, you’ll be laughed out the door.

And rightfully so.

In the era of brick and mortar businesses, $1000 is peanuts.

The arrival of the Internet changed everything.

We live in the Golden Age of Information, where teenagers can earn six-figures by streaming video games on Twitch, and kids not old enough to drive yet can become millionaire YouTube celebrities by reviewing toys.

In 2020, it is possible for anybody to create an online business with very little money upfront.

All you need is a great idea and an internet connection.

I know it’s possible because I did it.

Not only did I start my business with less than $1000 down, for the first couple of months I ran it solely using my beat-up old iPhone.

It’s not all sunshine and rainbows, though.

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