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20 Low Cost Businesses to Start for Less Than $100

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20 Low Cost Businesses to Start for Less Than $100

You don’t need a ton of cash to start a business. In fact, there are many small business ideas you can get off the ground for under $100. Here, we give you some options for starting a low-cost business this year. They are also excellent passive income ideas for solopreneurs who want to build a business without much upfront investment.

Low-Cost Business Ideas to Start for Less Than $100

If you’re looking for a small business idea you can start with $100 or less, there are several industries and niches to consider. Here are the top local and online business ideas that you can start for under $100.

1. Dog Walking Business

Walking dogs for pet owners in your community is a simple business idea that requires very little upfront. You might post signs or take out a classified ad to let people know about your services. But many of these businesses also grow through word of mouth or free online marketplaces.

2. Online Course Creator

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There are online courses for just about everything, from business topics to online cooking classes. You can either set up your own website or use online teaching platforms to make your offerings available to students. Then either shoot video content or make text lessons and workbook pages available to students who sign up.

3. Social Media Marketing Service

Social media accounts are generally free, and you can charge a fee to help businesses or influencers grow their presence on these platforms. All you need is a phone or computer and an internet connection to run a social media business. And most people already have those covered. However, it is important to also have some experience and knowledge surrounding social media marketing.

4. SEO Service

Search engine optimization is another major focus for lots of businesses. This involves adding keywords and other features to websites that make them more easily found via an online search. If you have experience in this area, simply connect with relevant business owners online to share about your services. You shouldn’t need any expensive equipment to get started as a new SEO business. And this is a business that can easily be run remotely.

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5. Mobile Detailing Service

If you enjoy working with cars, this next business idea may be for you. Help drivers in your area keep their vehicles clean with a mobile detailing service. You just need a few simple cleaning supplies like cloth, squeegees, and automotive cleaning solutions to get started. And you can travel directly to your clients to perform services, eliminating the need for a physical location.

6. House Sitting

House sitting simply involves staying at or looking in on a client’s house while they’re away. This may be an especially relevant business idea for those in areas where lots of people leave for the summer or winter. However, people go on vacation anywhere. And you can even make more money by adding on extra services like pet sitting.

7. Errand Service

Run errands like grocery shopping or dry cleaning pickup for busy people in your community in exchange for cash. This should be straightforward enough, and shouldn’t require any equipment or upfront purchases. The only thing you may need is reliable transportation. But a car isn’t required if you live in a walkable area or a city with public transportation options.

8. House Cleaning Business

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To start a house cleaning business, you just need some basic cleaning supplies and a way to advertise your services. Some businesses in this niche take out classified ads or post signs around town. But if you already have some existing connections, you may simply grow your business through word of mouth.

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9. Personal Training Business

A personal trainer works one-on-one with clients to improve their fitness. You may create tailored workout plans for each person, or specialize in a particular type of workout like weightlifting. Many personal trainers work out of a home gym. So you may simply use weights or a workout mat to get started. Others partner with local gyms to provide the space and equipment each client needs.

10. Landscaping Business

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For a landscaping business, you just need a lawn mower and some basic maintenance tools, which most homeowners should already have. If you don’t have these supplies, this business may cost a bit more than $100 to start. But you can always start small and add additional services as you earn enough funds to cover new equipment purchases.

More Great Ideas for Businesses to Start with Only $100

Often, online business ideas are perfect for those who don’t want to invest a lot of money into a new business. These ideas cost less than $100 to get off the ground.

11. Online Store

There are tons of products you can sell online that don’t cost much at first. For example, you may offer low-cost products like t-shirts or mugs. So you can just purchase limited inventory and pay for a website and shipping supplies.

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Alternatively, many entrepreneurs start their eCommerce journeys on marketplace sites like eBay or Amazon. Then you can migrate to your own website once you earn enough to cover those costs.

12. Freelance Writing

As a freelance writer, you offer your services to businesses and publications on a contractual basis. You can decide what assignments to take, but the companies you write for should handle most of the back-end tasks and expenses involved in launching a website or publication.

This is a good business idea for those with some writing skills who just want to earn some extra cash on the weekends or in addition to other projects.

13. Virtual Assistant Business

A virtual assistant may handle a variety of tasks for business owners, from inbox management to scheduling to social media posting. All you need for this business is a computer and an internet connection. And there are tons of online job boards where you can advertise your services and connect with clients looking for help. Many of them are free to use.

14. Handmade Business

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Handmade business opportunities vary widely depending on what you plan to sell. However, many of them can integrate free or low-cost supplies, making them inexpensive to start. For example, you may start a jewelry shop that integrates recycled materials found around your own home.

Then all you need to purchase is some basic craft supplies and shipping materials. Online marketplaces like Etsy let you sell to people around the world for almost nothing upfront. There are also in-person craft fairs and flea markets that you can enter to sell your products. However, some may come with a small fee.

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15. Event Planning Business

As an event planner, you can help people in your community iron out the details for their events. For example, you may coordinate with vendors for a wedding or design and market business conferences.

Your operations can largely be handled online or over the phone, so this is one of many home business ideas that doesn’t cost much to get started. There are tons of free calendars, spreadsheet apps, and budget calculators you can use to manage your operations without spending much upfront.

16. Consulting

Consulting is one of the best small business ideas for those with some expertise who don’t want to spend a ton of money to get started. Think of an area where you have plenty of knowledge or experience and consider how you can help others who are navigating that process.

For example, a seasoned entrepreneur may offer business or marketing consulting services. However, there are also those who specialize in personal topics, like a life coach or online dating consultants.

Once you carve out a niche, you just need a website that outlines your services, a way to communicate with clients, and potentially some methods for advertising your offerings.

17. Dropshipping Business

A dropshipping business model is an eCommerce shop where you don’t actually handle your own inventory. Instead, you work with a fulfillment center to store and ship your products. Depending on what you sell and the provider you choose, this method may cost more than $100.

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But for those with low-cost items, you can definitely add this business idea to your list. There are even dropshipping providers that connect users with a wide array of products based on their budget and interests. So you may simply start small and then scale over time as you begin earning an income from your business.

18. Bookkeeping Service

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If you have some financial expertise, start a bookkeeping service where you manage finances for other business owners. This generally just requires a computer and some financial software or spreadsheets. There are paid versions available.

But you can also use free tools to keep secure financial records. And this business model allows you to create ongoing relationships with clients to maintain a steady income over time.

19. Translation Service

If you speak and/or write in more than one language, consider offering your services as a translator. You may work on a contractual basis with other companies or individuals, translating for special events, audio content, and even books.

You shouldn’t need much if any, equipment to get started. So this business idea may simply require advertising or marketing your services to interested parties online or in your local community.

20. Affiliate Marketing

Affiliate marketers are bloggers and online content creators who share affiliate links with their audiences. When someone purchases something through an affiliate link, the person who shared it earns a small commission from each sale.

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You can build an entire business around affiliate marketing, or just use it as an additional revenue stream for a blog or influencer business. This is potentially the best business idea for those who want to build a passive income without a lot of upfront costs.

All you need is a website or some popular social accounts and relationships with companies that run affiliate programs. Many of these programs are free to sign up, as long as you meet the audience requirements and have enough influence in the areas that are relevant to each company.

Strategies for Launching a Successful Low-Cost Business

Leverage Digital Tools

In today’s digital age, numerous online tools and resources can help streamline your business operations. Utilizing free or low-cost digital tools for tasks like scheduling, invoicing, project management, and customer relationship management can save time and increase efficiency.

Focus on Building a Strong Online Presence

Having a strong online presence is crucial, especially for businesses that operate primarily online. Invest time in building a professional-looking website, optimizing it for search engines, and being active on social media platforms relevant to your target audience.

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Utilize Free Marketing Techniques

Word-of-mouth, social media marketing, content marketing, and email newsletters are powerful, cost-effective ways to market your business. Regularly creating and sharing valuable content can help attract and retain customers.

Offer Exceptional Customer Service

Excellent customer service can set your business apart from competitors. Be responsive to customer inquiries and feedback, and strive to exceed customer expectations. Happy customers are more likely to return and refer others to your business.

Keep Operating Costs Low

Continuously look for ways to keep your operating costs low without compromising the quality of your products or services. This may include negotiating better rates with suppliers, optimizing your processes, or using cost-effective marketing strategies.

Network and Collaborate

Networking with other business owners and professionals can open doors to new opportunities, such as partnerships, collaborations, or referrals. Attend industry events, join online forums, and participate in community activities to expand your network.

Stay Adaptable and Open to Learning

The business landscape is constantly evolving, so staying adaptable and open to new ideas and strategies is crucial. Keep learning about your industry, market trends, and business management to continually improve your business.

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Set Realistic Goals and Monitor Progress

Set clear, achievable goals for your business and regularly monitor your progress towards these goals. This will help you stay on track and make informed decisions about your business’s growth and direction.

Can You Start Your Own Business for Less Than $100?

Yes, it is possible to start a business for less than $100, as long as you don’t need a physical location, lots of equipment, or expensive inventory. Many online businesses that offer services or digital products require little to no upfront investment. For example, a low-cost business idea may be consulting or offering virtual assistant services.

What Is the Cheapest Business to Start?

There are many business ideas with low startup costs, but a few can be started for next to nothing. Look for business ideas where you can offer a service using an online platform that is free to join. For example, you may advertise VA services on an online marketplace or offer social media management using free social accounts to connect with potential clients.

What Is the Most Profitable Business Idea to Start with Low Capital?

The exact profitability of each business idea varies widely. However, those who offer a professional service like business consulting or marketing support can generally charge more for services than those offering simple help with errands or data entry. And these business ideas also come with low overhead costs, as long as you have the experience and connections to get started.

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What Is the Easiest Low-Cost Business to Start?

There are many easy low-cost business ideas that you can start right away. A full list is included above, but a few examples include an errand service, VA business, and a handmade shop.

Conclusion

The notion that starting a business requires a vast amount of capital is rapidly becoming outdated, as there are numerous low-cost business ideas that can be initiated with less than $100. These ideas are not only cost-effective but also open up the realm of passive income possibilities for solopreneurs who seek financial independence without a substantial initial financial commitment.

The resounding answer to the question, “Can You Start Your Own Business for Less Than $100?” is a definitive yes. It is entirely feasible to initiate a business venture with limited financial resources, provided the venture does not necessitate a physical location, substantial equipment, or costly inventory.

A multitude of online businesses that offer services or digital products can be set up with minimal upfront expenditure.

The contemporary entrepreneurial landscape is increasingly shaped by digitalization, making it easier than ever to establish businesses that require little to no initial investment. Examples include consulting services, virtual assistant roles, and various digital marketing endeavors.

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To further illustrate the wealth of opportunities available, we’ve outlined a diverse range of low-cost business ideas that can be launched for under $100:

  1. Dog Walking Business: A simple venture that entails walking dogs for pet owners in your community, with minimal upfront expenses for marketing and supplies.
  2. Online Course Creator: Offering online courses on various subjects, which can be easily facilitated through online teaching platforms with a minimal initial investment.
  3. Social Media Marketing Service: Leveraging your social media expertise to help businesses and influencers enhance their online presence, with the primary requirements being a computer and internet connection.
  4. SEO Service: Assisting businesses in optimizing their websites for search engines, a business that can be initiated remotely with no need for expensive equipment.
  5. Mobile Detailing Service: Catering to car owners by providing mobile car detailing services, requiring only basic cleaning supplies and no physical location.
  6. House Sitting: Offering house-sitting services, which can be particularly relevant in areas where people frequently travel, and can be expanded to include pet sitting for additional income.
  7. Errand Service: Running errands for busy individuals, such as grocery shopping or dry cleaning pickup, with transportation being the primary requirement.
  8. House Cleaning Business: Offering cleaning services to households, with minimal costs associated with cleaning supplies and marketing.
  9. Personal Training Business: Providing one-on-one fitness training services, which can be initiated with basic workout equipment or by partnering with local gyms.
  10. Landscaping Business: Offering lawn care and landscaping services, with minimal equipment requirements like a lawn mower and basic maintenance tools.
Business Idea Description Key Features
Dog Walking Business Walk dogs for pet owners in your community, requiring minimal expenses for marketing and supplies. Low upfront costs, community-based.
Online Course Creator Offer online courses on various subjects, facilitated through online teaching platforms with a minimal initial investment. Leveraging expertise, scalable online.
Social Media Marketing Use social media expertise to enhance online presence for businesses and influencers, requiring only a computer and internet connection. Digital skills, remote work potential.
SEO Service Assist businesses in optimizing their websites for search engines, a remote business with no need for expensive equipment. Remote work, high demand for SEO services.
Mobile Detailing Service Provide mobile car detailing services to car owners, requiring basic cleaning supplies and no physical location. Mobile, minimal equipment needed.
House Sitting Offer house-sitting services, particularly relevant in areas with frequent travelers, and expand to include pet sitting for additional income. Flexibility, adaptability to local needs.
Errand Service Run errands for busy individuals, such as grocery shopping or dry cleaning pickup, with transportation as the primary requirement. Local service, meeting daily needs.
House Cleaning Business Provide cleaning services to households, with minimal costs associated with cleaning supplies and marketing. Steady demand, scalable with referrals.
Personal Training Business Offer one-on-one fitness training services, initiated with basic workout equipment or by partnering with local gyms. Fitness expertise, adaptable to locations.
Landscaping Business Provide lawn care and landscaping services, with minimal equipment requirements like a lawn mower and basic maintenance tools. Seasonal work, opportunities for growth.

Additionally, we’ve explored various online business ideas that can be initiated with less than $100, such as starting an online store, freelance writing, virtual assistant roles, handmade businesses, event planning, consulting, dropshipping, bookkeeping services, translation services, and affiliate marketing.

In terms of affordability, the most cost-effective businesses typically leverage online platforms that offer free access, enabling entrepreneurs to minimize initial expenses.

Offering professional services, such as business consulting or marketing support, often provides a pathway to higher profitability, as clients are willing to pay for expertise and specialized knowledge.

Moreover, these service-based businesses come with minimal overhead costs, provided that the entrepreneur possesses the necessary skills and industry connections.

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Cut Costs, Not Features with This Microsoft Bundle Deal

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Cut Costs, Not Features with This Microsoft Bundle Deal

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Software subscription fees can quickly add up, and for small-business owners, entrepreneurs, or freelancers, these costs can eat into profits. Businesses spend approximately 29% of their IT budgets on software, according to a 2023 survey by Gartner.

For business professionals who are looking to streamline workflow without paying steep subscription fees, the Ultimate 2019 Microsoft Bundle might be the perfect solution. For just $71.94 (regularly $927), this comprehensive four-part bundle offers Microsoft Office Professional Plus 2019, Windows 11 Pro, Project 2019, and Visio 2019.

While it’s not the newest version of Microsoft’s software, it can deliver tremendous value for anyone seeking tools to manage their business, boost productivity, and work efficiently. The bundle offers a lifetime license, meaning you’ll get all the functionality you need without the recurring costs associated with subscription services like Microsoft 365.

However, it does come with Windows 11 Pro, which includes the recent AI updates. Windows 11 Pro delivers a modern, intuitive interface with enhanced security features such as biometric login and Smart App Control, making it ideal for professionals who prioritize privacy and usability. It’s also equipped with tools that support multitasking, such as Snap Layouts and Virtual Desktops.

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For companies looking to reduce overhead without compromising essential functionality, making a one-time purchase of slightly older software is a smart financial move. This includes Office’s most popular productivity tools, Word, Excel, PowerPoint, and Outlook.

Project 2019 is a must-have for anyone who is managing large or small projects. It helps track tasks, timelines, and resources, making it easier to stay on top of deadlines and ensure your team moves in the right direction. Project 2019 gives you the tools to streamline processes and manage tasks efficiently.

Visio 2019 is ideal for creating professional diagrams, flowcharts, and organizational charts. It’s particularly valuable for visualizing complex data or workflows, which is essential for business owners looking to improve operational efficiency.

If you need a productivity boost without eating into savings, take a closer look at this bundle.

Get the Ultimate 2019 Microsoft Bundle with Office, Project, Visio, and Windows 11 Pro for $71.94 (regularly $927).

StackSocial prices subject to change.

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3 Trends That Will Change the Future of Entrepreneurship

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3 Trends That Will Change the Future of Entrepreneurship

Opinions expressed by Entrepreneur contributors are their own.

The most recent data from the new Global Entrepreneurship Monitor report reveals a powerful trend for the future of entrepreneurship.

Young adults, aged 18-24, had both the highest entrepreneurial activity and entrepreneurial intentions in the United States, according to the Global Entrepreneurship Monitor 2023-2024 United States Report. With similar results in 2022, this is not just a minor shift — it’s a fundamental change that could have lasting impacts on the economy and society.

I serve as the chair of the board for the Global Entrepreneurship Research Association, the entity that oversees GEM, which was founded in 1999 as a joint venture of Babson College and the London Business School. As the GEM U.S. team co-leader and a professor of entrepreneurship at Babson, I see firsthand the impact of the research created by the Global Entrepreneurship Monitor.

Here are three entrepreneurship trends from the new GEM report that are changing the landscape for the future.

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Related: 21 Success Tips for Young and Aspiring Entrepreneurs

1. Young entrepreneurs on the rise

For years, entrepreneurship has been dominated by older, more experienced individuals, but this year’s report shows that the youngest adults are now at the forefront. According to GEM, 24% of 18- to 24-year-olds are engaged in some form of entrepreneurial activity, a higher rate than any other age group. What’s driving these young entrepreneurs is equally remarkable: They aren’t just starting businesses to make money; many are deeply committed to making a positive impact on society and the environment.

These young entrepreneurs make sustainability a key priority. They are more likely than entrepreneurs from older generations to build businesses with sustainability as a core focus — whether that means reducing their environmental footprint or focusing on social causes. This shift toward impact-driven entrepreneurship isn’t just anecdotal. GEM data shows a significant number of young entrepreneurs taking real, measurable steps to create businesses that align with their values. With sustainability as their north star, young entrepreneurs appear to be simultaneously pursuing societal impact as well as profits.

However, it’s not all smooth sailing. While young people are leading the way in starting businesses, they are also discontinuing them at higher rates than their older counterparts. The discontinuation rate for 18- to 24-year-olds is 15%, the highest among all age groups. This is not surprising, given the challenges of inexperience and more limited access to capital. Starting a business is tough, and sustaining one is even more challenging. But despite these hurdles, the enthusiasm and energy that young people bring to entrepreneurship are undeniable, and with the right support, this generation has the potential to drive substantial change.

2. Tech gender gap narrows

One of the most promising findings in the GEM report is the narrowing gender gap in the technology sector. Historically, tech startups have been dominated by men, but 2023 saw a record-low difference in the number of men and women starting tech companies. The gap has narrowed to just 1%, with 8% of women compared with 9% of men launching businesses in the Information and Communication Technology (ICT) sector.

This is a significant step forward and reflects broader efforts to support more women technology startups. Still, it’s important to recognize that while progress is being made, continued focus on providing equal opportunities is essential to ensuring this trend continues.

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3. Optimistic outlook for Black and Hispanic entrepreneurs

Another highlight from the report is the optimistic outlook among Black and Hispanic entrepreneurs. These groups showed stronger confidence in their entrepreneurial abilities and lower fear of failure compared to their white counterparts. Black respondents, in particular, demonstrated high levels of resilience and self-assurance, which is vital in overcoming barriers faced in starting and sustaining businesses. This optimism is encouraging, but there’s still much work to be done in assuring ecosystems offer equal opportunities for all aspiring entrepreneurs, regardless of their background.

Related: I Wish I Received This Advice as a Young Entrepreneur

A promising future

Reflecting on the key findings of this year’s GEM report, it’s clear that the entrepreneurial landscape is changing in meaningful ways. The rise of young, sustainability-driven entrepreneurs signals a future where business is not only about profit but also about making a difference. These young entrepreneurs are launching businesses at a time when the world is looking for solutions to some of its most pressing challenges — climate change, poverty and economic recovery.

Yet, to fully realize the potential of this next generation, there must be more focus on addressing the challenges they encounter. Young entrepreneurs need access to the right resources — whether it’s funding, education or mentorship — to turn their innovative ideas into sustainable businesses. The narrowing gender gap in tech is encouraging, but we must continue to foster environments that support women and other underrepresented groups in entrepreneurship.

The GEM report paints a picture of an entrepreneurial future driven by purpose, diversity and innovation. But it also reminds us of the work that lies ahead in making entrepreneurship more accessible and sustainable. If we can provide young entrepreneurs with the tools and support they need, we will not only see more businesses being created — we’ll see businesses that are making a lasting, positive impact on the world.

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These Are the Top Side Hustles to Work Less, Make More Money

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These Are the Top Side Hustles to Work Less, Make More Money

In the best-case scenario, a side hustle could turn into a multimillion-dollar business that generates a passive income stream — but at the very least, starting a side gig could help pay some bills.

A new survey from personal finance software company Quicken shows that almost half (43%) of Americans with a side hustle, or an extra source of income added to a primary income, make more money and clock in fewer hours overall than those without a side hustle.

The three most popular side hustles pursued by those who work less and make more money were personal assistance (20%), cooking and baking (16%), and caregiving (16%). One in five people with side hustles said they were business owners, too, selling products online or offering services like photography.

The majority of people with side hustles (82%) said starting a side gig helped them financially, and kept them from living paycheck to paycheck. Most with side hustles (57%) had savings equal to at least four months of living expenses.

Related: Side Hustles Are Soaring as Entrepreneurs Start Businesses Working Part- or Full-Time Elsewhere, According to a New Report

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The survey also found that, for younger side hustlers, a way to an extra income doubles as a path to becoming more employable. 44% of Gen Z (born between 1997 and 2012) choose to start a side hustle in order to obtain skills for long-term careers, much higher than the overall 18% of Americans who started a side hustle with the same motivation.

Quicken conducted the survey online, gathering responses from more than 1,000 Americans.

Additional research on side hustles, released in August by NEXT Insurance, showed that three out of five people bring in less than $1,000 monthly in side income, while 22% make $1,000 to $10,000 a month, and 15% make more than $10,000.

Related: Starting a Side Hustle Should Come With a Warning Label — Here’s What You Need to Know

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