Sunday, 15 April 2018

30 ways to start a business with no money

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How to start a business without money or with little money                                   
Lack of funds, however, should not deter you from pursuing your entrepreneurial dreams. You just need to have confidence in your idea and a clear vision about how you are going to execute it. Once you have that covered, getting the funds to support your dream may not be as difficult as it seems.


Keep your job.
Starting a business is risky. Starting a business with no money is even riskier. Don’t jeopardize your family’s financial well-being. The longer you keep your job the less pressure you put on yourself. When you start your business you are not ready to walk away from a steady paycheck. It’s true that you’ll have to work harder, but you can keep paying your bills as you grow your business. Once your business starts to generate revenue, you can start thinking about transitioning out of your job.

Stick with something you know.
Build on your passions and experiences. Instead of trying to start a business in a niche outside of your comfort zone stick to something you know. Build your business on your skills and knowledge. It is true that you can learn new skills, but it will take time. If you want to start a business quickly, you have to focus on what you can do now not years from now.

Learning new skills will require more time and additional expenses. You might have to take courses, get licenses, pay consultants, etc. Starting a business in a field familiar to you will give you additional confidence.

Do all the work yourself.
Starting a business with no money means that you have to learn to do things that you would normally delegate to an employee or an outside company. I agree that it’s exhausting to do all the work yourself, but you don’t have the budget to hire help. Doing everything yourself you will be able to put every dollar back into your business. It will be tough, but it is the only way to build up a cash reserve when you start a business with no money.

Offer a service.
Some of the best business you can start with no money is a service business. You can start a service business with practically no money. Instead of money what you need is the ability to knock on doors and make sales. Even if you ultimately want a product business, owning a service business can help you get there. Use the service business to finance your dream business.

Here are some great product businesses that started out selling something else:

3M – Started as a mining company. From that, they went on to sell sandpaper, then masking tape, the “Scotch Tape”.
Microsoft – Started out by doing sporadic software development gigs.
37signals – Started out as web designers before they have created products like Basecamp.

List of 100 businesses you can start without money

1.Start a blog – I generate income several ways with my blog. You could also build your own business as a professional blogger.. Once you have managed to drive traffic to your blog the sky is the limit. You can sell advertising, create your own products to sell. Get paid for sponsored posts.

2.Aerial film photography – Do you own a drone? This could be your chance to turn it into an aerial photography business. They are widely used in the real estate market and many other businesses.

3.Affiliate marketing – Affiliate marketing offers you a great way to earn a percentage of sales without having to create a product or maintain an inventory.

4.Alterations and Tailoring – Providing alteration and tailoring service is a great side business. Word spreads fast when you provide a reliable service at a competitive price
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5.Airport transfer service – There are many people who need greater flexibility when it comes to airport transfers.

6.Amazon reselling – You can sell products on Amazon. You can import products to sell or buy low and resell. If you enjoy finding great deals and make a profit, Amazon reselling might be a good business for you.

7.Antique refurbishing – The antique refurbishing market is a small niche, but with the right marketing you can build a loyal customer base.

8.Art collector – This isn’t the same as shop till you drop. You have to know the value and the demand for the artworks you deal with.

9.Babysitting – Babysitting isn’t just for teenagers. Market yourself as an Au Pair to target a higher-end clientele.

10.Baking – You can turn your passion into a nice side business.
Boat cleaning service – Boats are fun to use, but most people would rather have someone else do the cleaning.

11.Bookkeeping – Help small businesses to keep their receipts in order.
Brew your own beer – Many successful beer breweries started out by hobbyists.

12.Buy and sell domain names – You don’t have to sell a domain name for millions for turning it into a successful business.

13.Business consulting – If you have skills that help to grow or manage a business, there is a market for your service. Whether you are a bookkeeper, strategist, marketing expert, IT guru, there are businesses out there who need your service.

14.Car detailing – Many people are willing to pay a higher price to have their cars detailed on their own driveway. This is also a great weekend business.

15.Car flipping – If you know how to find a great deal and enjoy working on cars, this could be your opportunity to become an entrepreneur.

16.Carpet cleaning – You can start your carpet cleaning business renting the equipment.

17.Catering business – Starting a catering business requires a lot less capital than opening a restaurant.

18.Cell phone repair – Many people are happy to pay to repair a faulty cell phone instead of buying a new phone.

19.Childcare – If you love children, this might be a great business for you.

20.Christmas light installer – Although this is a seasonal business, it requires very little capital to start.
21.College admissions essay editor – A great business if writing is your passion. Be sure that your clients understand that you are an editor and that you are not going to write the essay for them.

22.College counseling – You can guide pre-college age kids to help them prepare for what to expect in college. You could help them with admissions, financial aid, career advice, and other college-related topics.
23.Commission only sales – There are many companies that offer commission only sales opportunities. If you partner with startup companies, you might be able to negotiate part ownership.

24.Computer lessons – You can offer training on your computer, using free services like Skype or Google Hangout.

25.Computer support and repair – Most small businesses can’t afford to hire a full-time IT professional. If you enjoy helping people with computer problems, starting an IT support service company might be for you.

26.Content writing for websites – Great content is what differentiates websites. Many businesses are happy to pay a writer to create website content.

27.Content marketing – Content marketing is the heart of SEO. Businesses who want to improve their search engine positions are your potential clients.

28.Contract customer support – You could become the outsourced support department for several small businesses.
29.Copywriting and proofreading – Businesses are happy to outsource proofreading to outside companies.
30.Custom software consultant – When a company must have unique software created they call a custom software consultant.

You can add other you know on the comment below

About the Author

Mussa Msemakweli is a technology entrepreneur, Book writer and digital marketing expert. He is currently C E O at the Africa shared . His work has been featured in a number of publications, including the Maisha halisi Magazine and on Culture trip. If you have a good time follow me on facebook and instagram or leave a comment, Thanks.
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Mussa Msemakweli

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