adminWould you believe me if I told you that it takes a fair amount of work to start a work-from-home business, but it doesn’t have to cost you any money? In fact, it is possible to launch your own business with no upfront investment at all. How can I start a business with no money, you would ask immediately? It sounds absurd, but it’s possible and I will show you how.
If we look at traditional businesses first, these have a great number of fixed expenses. These usually include things like paying rent for business facilities, purchasing and storing inventory, paying employees and paying for municipal services such as electricity and water.
If you work for yourself from home, you can avoid all of these expenses because you do not need them.
First, because your home is your office, that means you can run your business by yourself with no staff. Secondly there are no vehicle expenses to get you to and from your office. How great is that, no long hours in traffic either?
The only start-up costs you would have to think about in the beginning are webhosting, a computer, if you don’t already have one at home, and internet access. Usually these do not cost a lot of money. Webhosting for example, can cost only ten dollars a month which is a negligible amount, and free Wi-Fi access is possible to get at no cost if you share it with someone else, or you use it in free public areas.
Here are a few ways or examples of how the question, can I start a business with no money, can be answered. It can be done, working from home and without paying anything at all upfront.
Offer Services
Instead of selling products, which require storage and shipping, you can offer a service to other people. This can be done by delivering the work you do for a client online, or a file you send them of the finished work. Other services that you could provide to clients include web design, content creation, editing, data entry, programming, customer service, marketing services, such as SEO, social media management, and the list goes on. Are you able to offer any of these services? If so, there is no need to ask, can I start a business with no money, because you’re definitely skilled enough to launch your business even today.
Sell Digital Products
If you’re planning to start a business selling products, one free, and easy to start option is to offer digital products like eBooks or online courses. The product in this case is a file that the buyer downloads from your website. It does not cost anything to make these digital files, except your time and energy.
In the last decade, information products have grown so much in popularity that people are willing to pay a great deal of money for worthwhile products that have high value. Your product will have value because of the expertise that you offer through it. Your goal is to provide information in the digital product which helps your customer solve the problems they maybe facing.
Selling Products Through Drop Shipping
Drop shipping is an excellent example of an answer to the question, can I start a business with no money? Drop shipping involves selling products for a supplier, where the supplier keeps the inventory, takes care of the orders and ships or delivers the products to the customers. Websites like eBay, Amazon, and Etsy take care of the stock and the shipping. Your job is to advertise, promote and take orders, and build relationships with your customers.
Drop shipping however comes with some serious challenges though. Although drop shipping allows you to run an online business without some of the hassles of maintaining stock and shipping items, it has still some disadvantages. You need to work with a supplier who is reliable, because the availability of products and speed of shipping are key to keeping your customer happy and coming back.
Drop shipping has some risks since you are not in control of some parts of your business, such as the logistics. You rely on someone else doing most of the essential tasks. You and your website may lose credibility when something goes wrong with the orders, that is why it is so important to apply great discretion and research when choosing your supplier. In this way I can start a business with no money while selling top quality products.
Doing Affiliate Marketing
Last but not least, I can start a business with no money by doing affiliate marketing. Affiliate marketing is an online business opportunity which requires that I first sign up with a product supplier or provider to sell their products for a commission. It means selling a merchant’s products through content that I must create, using videos, for example You-tube; using blogs or Facebook and Twitter, or any other social media platforms where you can add a link that drives traffic to the merchant’s website or your allocated website where the customer can make a purchase. For those who like to create content, this is a great option for you if you understand how to drive traffic and build an audience through your content.
I hope now the question of how I can start a business with no money is no longer a mystery. If you are serious about finding a way to get started, pick one of these opportunities to build your own business without any startup capital. When one looks at all the available business possibilities, one can’t help but to wonder why people are still so hesitant to learn how they too can create a sustainable online business, and why they still ask; can I start a business with no money?
Maybe the worldwide lockdown of 2020 will make people so desperate and willing to invest their time in creating online wealth, and having a steady stream of income which with time invested can grow. This will expand into a generational wealth creating business; anyone can do it if they have the desire to succeed and the willingness to do the work.
Do you want to learn more about how you can get your work from home business started with little or no investment using the Affiliate Marketing Business Model? Check out the 4-steps to building and running a successful online business with Wealthy Affiliate Training Platform which teaches you the A to Z of Affiliate Marketing. You can sign up and try the training for FREE – no risk, no payment required.
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