How To Start A Business With No Money

Eight, nine, ten or even more hours a day.  That is how at least most of the employees around the world think about their daily routines at work.  Yes, nobody can deny the fact that these daily realities can be exhausting and surely lead to burnout, sooner or later.  This is the same reason why others choose to get out of their comfort zones and build their own business empire.  Whether we like it or not, the world is fueled by consumerism and that fact is not going to change no matter what happens.

Everywhere we go, everywhere we look, we are greeted by different businesses that cater each and every human need.  This is also the reason why it is good to have your business, because you are backed up by the fact that people will always need something, all you have to think about is how you will enter the business world effectively, survive, and rise as a main stay if not the leader.

How to Start a Business With No Money

It would be greatly ideal if someone who is thinking about starting a business up has got some funds to make it move, but starting a business with no money is also possible!  The right amount of determination, resourcefulness, creativeness, flexibility, and open-mindedness is all you need to rocket your business up to the top.  Here are some of the most practical tips or ideas on how you can make things possible:

This video details how to start a business with no money and turn it into a profitable business.

Think about sustainability first.  If you are transitioning from being an employee to business person, make it a point that you do not gamble all the funds that you currently have in hand.  Do not make a snap decision of leaving your current job, if there is any, or park all your money in one spot.  It may be true that business requires endless risk taking, but it does not mean that you are not required to keep some assurance for yourself until your chosen business starts to present some stable return of investments, or if starts to pick up from the start up.  You may consider this idea:  Do not build a sand castle wherein a wave or two can wash everything away.

Layout a clear and concise plan for your business and yourself.  Business is about making money by effectively attracting your target market to buy your ideas, better yet create an idea that will set and dictate a trend for your target market.  Perhaps, the business that you have in mind already exists from points A to Z, in this case you must know your competition well and create an entrance for your business in the market, or make a noticeable improvement of the existing products, services, or ideas.

Take some time to study and research about their history, how they make the business move, and what took them to take off.  Also, always ask the question:  How you can make considerable profit that will offset your investments of time and funds?  It is important for a business person to remember not settle with a single plan because contingency is the key.

If you are good at something or have a particular skill you could start that off as a business. For example if you are a particularly skilled writer or a proficient programmer you can outsource your skills to others and become an article writer or a programmer. Take a look at this article if you need help.

You can even create your own website and offer your own services through your own website to avoid outsourcing websites to take a cut out of your sales.

However you can also build your business around your business or your passion. Say you like playing football and your favourite team is Chelsea FC. You can build a blog around Chelsea FC and put up information about them.

For instance you could publish their match schedule, your views on their match, who you think played good, who played crap, the team lineup, the list can go on and on. Along with that you can also use affiliate marketing to make some money by referring Chelsea FC merchandise to your readers. Check out this article for more information on affiliate marketing.

If you don’t those two ideas aren’t your cup of tea/coffee then you can try selling online. You can try selling products online through eBay, Gumtree and Craigslist. These are inexpensive ways to get started and some take practically no money at all to get started.

All you have to do is simply get some products together, these can be products you don’t need at home and you want to get rid of or you can just resell them from eBay and other sites. Another option is also drop-shipping which is very profitable. If you want to learn more check out this article.

Research Your Market

In line with the second thought, do not forget to tap and test your own plans.  See for yourself if the steps you created will make an impact, it does not matter whether it is big or small; determine its effectiveness or if it will even make a mark to your chosen market.

Do not be overwhelmed with the already established and well-doing businesses around you.  Always keep in mind that great things start from small beginnings.  It is important that you learn things well before you set yourself off in the market.  Not everything in the business world need to be costly, it is not always about spending for something that you need to acquire to make you fully equipped for the competition.

You can always find opportunities to learn proven ideas or you can learn business skills that are less costly if it is not got going to require a charge.  Again, make your own research about the companies or establishments who have had some time in the industry already.  Better yet, make friends with other people who are also doing business because that is a sure avenue to get valuable tips and ideas, too.  Nevertheless, attending to a simple and less costly seminars and workshops will also help you a lot in building your business skills and ideas.  If you are starting up, it is important to keep all costs low.

In the beginning, you must gather all the resources that you have and know how to maximize them, without forgetting sustainability and contingency.  It is very important that you create a strategy on how you will dispose your resources effectively and always remember to keep something in hand in case you need to use them due to ever present setbacks.

It is very important to research the business you are going to go into. Without proper planning and research you are just setting yourself up to fail. Make sure you have an audience and people who want what you have or are selling.

You can do this by using the Google Keyword Planner or Keywood Tool and searching for the keyword term which you have. These tools show you want is popular and what isn’t.

Use Google Trends to see what is hot and what is not. Google Trends basically shows you what people are searching for most using the search engine Google.

Marketing Your Business

Let your target market know that you have emerged and that you exist.  This idea is simply talking about advertisement and business promotions.  Most business failures happen because they were not able to effectively make their existence known to the market.  Though, the word advertisement may be a little intimidating due to the expenses it may bring, this is where resourcefulness and creativity kicks in.

It is not a requirement that you put all your funds to television and radio commercials; you are not limited to billboards, magazines, and newspaper advertisements!  Start with your family and friends, make them aware about your business, and spread the word about your business.  Create simple posters and flyers and bring to places where people frequently visit, hand them over to people yourself!

Use forums related to your niche to promote your business. Make sure you do not spam the forums with advertisements of your business and instead put helpful comments and comments that relate to the discussion and add value.

So going back to our Chelsea FC example, if I were the owner of that site, I would go on Google and type in ‘chelsea fc forums’ and click search. Then I would click on the top listed forum on Google and started joining in on the conversation in the forums.

Start posting useful and helpful content into these forums and start contributing to the conversation. Post your URL or whatever you are selling in your Signature.

Consider technology and use it to your advantage without spending a fortune.  Technology does not have to be costly at all times.  Most people nowadays spend a bulk of their time daily online, the Internet.  Make use of the social media as your start up point of advertisement before considering the major TV, radio, and billboard type of advertisements.  This is the easiest yet one of the most effective ways to promote your business to your friends, the community, and even to the world.  Just think about the number of the potential thousand or even million viewers online.  Just make your business visible in every possible and less costly route.

You can start making videos about your business and upload it to YouTube but instead of self-promoting make videos about your niche and things that would be helpful to your user. For example if you had a dating website that teaches men to get women instead of just posting a video of you saying ‘go to my website’ you might want to try a different approach.

Give value instead. Record yourself telling people how they can do it. For example you might record a video about what to say to a girl or how to approach a girl. At the end you can tell viewers where they can get more information and tell them about your site. This way you would end up getting a lot more people interested.

It may be true that business is making money, do not forget to consider your passion and incorporate that to your line.  It is a fact that starting up a business can stir some stress and anxiety.  It will in fact be stressful if you will just pour your thoughts in making money without considering your passion.  The very first thing that a person needs to consider in setting up a business is his or her interest, without the said factor everything will just spiral back down to the burnout feeling similar to being a regular employee; the business being the boss and the business owner as its employee.

If you are working things out of your passion, nothing can bring your energy down towards reaching your goal – to earn money out of your passion.  Your passion and your unquestionable interest towards your business will fuel everything up to make you take off and lead your own league.

A business person needs to learn how to unlearn things that will not be helpful for the business to be successful.  It is as simple as being open to ideas and new things.  Things change constantly and you cannot be stagnant when doing business, it is important that you and your business knows how to welcome and adjust to changes.  One of the most practical ways of learning important things from your competitors to stay in the race is to observe; this is where you can pick up ideas and techniques that you can even improve to make things work in your favor.  You need to know how to become flexible all the time.

Consider your customers as your business’ top priority, too.  You are definitely doing a business for nothing without your customers, the target market.  When creating your products, services, or ideas that you are going to sell to your customers, it is important that you think and consider their welfare and interest, not just your own.  Showing them and making them feel that they are your boss will make them come knocking to your door and demand for your business.  Offer and make them understand the value your business is offering to them compared to what competitors can give, and make it a point that it is something worth considering for.  Always think and respect their wants and needs.

If the funds are really not right but you really have a feasible idea, consider inviting some potential investors who will do the job of funding your business up from the ground.  All these are possible if you know how to utilize the power of the Internet.  You may want to check some websites that will allow you to discuss and layout your business blueprint and ideas (but not revealing all vital information to the point that others can grab it from you), if someone agrees with your thinking, then you are going to get someone online to help you fuel up and realize your plans.

Lastly, you must know how to negotiate to your investors (if there is any), customers, and even your competitors effectively.  Effective negotiation can play a very important role when starting up a business or saving a business and all its plans.  For the life of the business, well-equipped, fair and economically educated bargaining works all the time and making your business either stay on track or win the race at some point.

I hope this article helped you and you it is proved to be useful to you. If you think someone else may benefit from it please let them know and share it with them.

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