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Many people who want to start their own enterprises don’t have adequate capital to cater for all the start-up costs and they fear the risks involved acquisition of loans and so the question “ How can I get started with little or no cash at all?
Well here is a list of the finest concepts I’ve heard and personally used successfully to start business with no capital.!
- Adjourn the conventional business start – up activities like hiring employees, renting office, buying office equipment, paying for a domain name etc until your business starts earning enough money. The main key in this case is starting small a phenomenon called bootstrapping and is aimed at elimination of unnecessary start-up expenses. Instead of renting office, you can work from your home or else request a friend to accommodate you in his/her different business enterprise.
For instance,if you want to start a lawn care business, start with your own lawn mower then later you can purchase a larger mower once you've gotten started and have some cash flow. But for the time being, start with what you own.
- The next fantastic idea is to start an online business.Today, a lot of people are preferring to start an online business instead of going to search a good job or to start a physical business(offline business)The modern leading capitalists including Bill Gates, Mark Zuckerberg have acquired their fortune via online businesses.
Online business ideas are myriad including: - Freelancing
freelancing on sites such as http://www.freelancer.com/ ,https://www.elance.com/, www.vworker.com/, https://www.odesk.com/, http://www.guru.com/, - online trading on sites such as Amazon, e-bay & google trader,
- Website or blog flipping business
Yes – just like in real estate, you can flip websites or blogs. The typical is to buy low, renovate, and sell high, but you can definitely go as a broker – you sell someone’s website to others and receive a commision: Wait, that’s even more than 10 times ROI! ;)
- Website building business
The conventional – you build a website for a client with $10 in domain name, $50 in web hosting, your time and creativity. Your client could pay you anywhere from $200 to $2000. Um, yes $200 is not 10 times, but what if you host your client’s website in your own reseller account? Think about it…
- Create a startup web business, sell it on online marketplace
Also the conventional, with a twist – you outsource to your partners for $30, sell your website or blog for $300.
- Create an established web business, sell it on online marketplace
The classic money maker – Create a site with good concept, outsource to your partners, market the website, make some profit, and sell it for a higher sum of money. From the $30 case on #3 idea, you could even get more than $1000 if you delay gratification ;)
- Web hosting reselling business
A bit saturated market, web hosting business is still offering something today. You can purchase a $25/month reseller hosting, such as HostGator, create hosting plans, that can give you 50 space to rent. Times that with $5, you will get $250/month – That’s 10 times operating cost, monthly.
- Review sites
You can review almost about everything – web hosting, credit cards, health products,etc. – But first, you should join the available affiliate programs or networks to be able to market them. You should choose high-paying niche, such as web hosting and credit cards that could pay you more than $50 per lead, but beware of the stiff competition.
- Content writing business
Content quality is more and more important today, as it can help your web business rank better, visited more and eventually make more money. Article writing can be outsourced for as low as $2, and be sold for $20 per article.
- Membership sites
If you have relevant expertise in your niche, you should definitely think to build a membership site. It is basically a site that offer “insider information” or online training for paying members. A successful membership site can makes thousands of dollar a month with only a several hundreds of dollars in operating cost.
- Blog network
This is not easy to do, but doing it right can make you considerable amount of money. Consider this – if you manage a 50 blogs network right and attract the right kind of advertising, you could easily make hundreds of dollar monthly cash flow, each blog.
- Niche, even odd, sites
Selling bird cages online can make you thousands of dollar per month? You bet! A card collecting marketplace site can make thousands of dollar per month with only several hundreds of dollar operation cost? Sure! Going niche can make you successful business – just don’t go too far on the business idea :)
What did I miss? Please make a comment below.
Did you find this post useful? Please post a link on your blog or website so others can find it as well.
Here is the code to copy and paste: http://unread-message.blogspot.com/2012/07/tactics-on-how-to-start-business-with.html
All the best as you start that business... Titus Muthama Muthoka "Scientifictito"
Well here is a list of the finest concepts I’ve heard and personally used successfully to start business with no capital.!
- Adjourn the conventional business start – up activities like hiring employees, renting office, buying office equipment, paying for a domain name etc until your business starts earning enough money. The main key in this case is starting small a phenomenon called bootstrapping and is aimed at elimination of unnecessary start-up expenses. Instead of renting office, you can work from your home or else request a friend to accommodate you in his/her different business enterprise.
For instance,if you want to start a lawn care business, start with your own lawn mower then later you can purchase a larger mower once you've gotten started and have some cash flow. But for the time being, start with what you own. - The next fantastic idea is to start an online business.Today, a lot of people are preferring to start an online business instead of going to search a good job or to start a physical business(offline business)The modern leading capitalists including Bill Gates, Mark Zuckerberg have acquired their fortune via online businesses.
Online business ideas are myriad including:- Freelancing
freelancing on sites such as http://www.freelancer.com/ ,https://www.elance.com/, www.vworker.com/, https://www.odesk.com/, http://www.guru.com/, - online trading on sites such as Amazon, e-bay & google trader,
- Website or blog flipping business
Yes – just like in real estate, you can flip websites or blogs. The typical is to buy low, renovate, and sell high, but you can definitely go as a broker – you sell someone’s website to others and receive a commision: Wait, that’s even more than 10 times ROI! ;) - Website building business
The conventional – you build a website for a client with $10 in domain name, $50 in web hosting, your time and creativity. Your client could pay you anywhere from $200 to $2000. Um, yes $200 is not 10 times, but what if you host your client’s website in your own reseller account? Think about it… - Create a startup web business, sell it on online marketplace
Also the conventional, with a twist – you outsource to your partners for $30, sell your website or blog for $300. - Create an established web business, sell it on online marketplace
The classic money maker – Create a site with good concept, outsource to your partners, market the website, make some profit, and sell it for a higher sum of money. From the $30 case on #3 idea, you could even get more than $1000 if you delay gratification ;) - Web hosting reselling business
A bit saturated market, web hosting business is still offering something today. You can purchase a $25/month reseller hosting, such as HostGator, create hosting plans, that can give you 50 space to rent. Times that with $5, you will get $250/month – That’s 10 times operating cost, monthly. - Review sites
You can review almost about everything – web hosting, credit cards, health products,etc. – But first, you should join the available affiliate programs or networks to be able to market them. You should choose high-paying niche, such as web hosting and credit cards that could pay you more than $50 per lead, but beware of the stiff competition. - Content writing business
Content quality is more and more important today, as it can help your web business rank better, visited more and eventually make more money. Article writing can be outsourced for as low as $2, and be sold for $20 per article. - Membership sites
If you have relevant expertise in your niche, you should definitely think to build a membership site. It is basically a site that offer “insider information” or online training for paying members. A successful membership site can makes thousands of dollar a month with only a several hundreds of dollars in operating cost. - Blog network
This is not easy to do, but doing it right can make you considerable amount of money. Consider this – if you manage a 50 blogs network right and attract the right kind of advertising, you could easily make hundreds of dollar monthly cash flow, each blog. - Niche, even odd, sites
Selling bird cages online can make you thousands of dollar per month? You bet! A card collecting marketplace site can make thousands of dollar per month with only several hundreds of dollar operation cost? Sure! Going niche can make you successful business – just don’t go too far on the business idea :)
Did you find this post useful? Please post a link on your blog or website so others can find it as well.
Here is the code to copy and paste: http://unread-message.blogspot.com/2012/07/tactics-on-how-to-start-business-with.html
All the best as you start that business... Titus Muthama Muthoka "Scientifictito" - Freelancing
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