Like most people who start a business you may be limited to a strict budget, but that doesn’t mean you can’t succeed.
It is possible to start a business with very little money,if you have the determination, work ethic and marketing know-how.
So if you have no Money to Start a Business? No Problem. Try These 5 Options from Entrepreneur.com
1. Make something.
Yes, making something does take an initial cost in supplies, but oftentimes, these products can be sold for many times over their actual cost. What you decide to make is up to you, but there are several places you can sell your handmade options online:
2. Resell some of your belongings.
If you don’t want to make anything (or you don’t consider yourself a creative person), many business owners have grown large businesses just be reselling products that have already been made. This can be done through a variety of ways or channels:
3. Make money out of your services.
One way to start a business with little to no startup capital is to sell your services, instead of a physical product. There’s a huge variety of services you can offer, depending on your background and interests.
Some will require advanced degrees, such as accounting, while others require little more than a working knowledge of how it’s done (such as babysitting, lawn mowing or personal assistance).
Because you are selling your services, you will need a branding plan to make sure your name and company gets in front of the people who may need the service. Some places that are free for promoting your services include Fiverr, Craigslist, Elance, Taskrabbit and Skillshare.
It’s also useful to have a website to show examples of your work, list your experience, and blog about your industry to draw visitors. If you want to learn more about branding and online marketing, check out Buffer’s social-media blog, Hubspot’s blog, Content Marketing Institute and CopyPress.
4. Barter to have what you need.
Unfortunately, it’s extremely hard to start a business without any type of funds at all. Even creating a freelance-writing business utilizing Elance and a free WordPress or Wix website will still require a computer to work on as well as Internet. However, there are ways to get supplies you need for starting your business without money.
5. Use low-cost services.
As mentioned, you may also use websites such as Fiverr or Elance to advertise your services and products on. Aside from that, you can also use the said platforms to build up your own business..
Starting a business will always require ingenuity and passion for what you are doing and that should be inclined with the type of business your going to open. Once you find yourself doing something you enjoy, you will be more likely to find ways to make it all come together.