No Money to Start a Business? No Problem. Try These 5 Options.

No Money to Start a Business? No Problem. Try These 5 Options.

Follow these simple guidelines to build up a venture of your choosing for little to no capital. Read more at: http://www.entrepreneur.com/article/238538

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19 Comments

  1. It's never been easier than before to make money. Like my YouTube channel was started with $100. There is so much that you can do with $100. You could buy a pair of shoes and resell them through Instagram marketing and just keep going from there. I see people saying that you need money to make money, well, yes, but in the short term. If you have money you don't have time, but if you don't have money you got a hell of a lot of time. Selling a single pair of shoes gives you enough money to buy another, then another, then another. If you keep pooling earnings back into it, it will grow real easily. Funny thing is, a lot of people actually do this with weed. Trust me, it works.

  2. If you are facing problems starting your business, start with the end in mind and work your way back. You have to have the right frame of mind cultivated first though. Most people's brains shut them out from finding solutions because of their mindset and the way they think.

    They'll say, I can't sell something because I have nothing to sell. By telling yourself that you're shutting your brain down from finding solutions, rather than saying what can I sell. Then the brain starts to search for answers on a subconscious level.

    Look around your house for things to sell, ask neighbors who have things that they deem junk, if you can take it off their hands and then try to sell it, ask relatives, friends, post it on your social media profiles that if people have items they want to discard, give them to you. Another man's junk is another man's treasure.

    Every problem or obstacle you face in life has a solution out there, you have to be in tune to finding it.

  3. 1. Make Something. It is very hard to find a niche market that isn't already heavily saturated. Having that in mind, if you do find a niche market, you can do very well. Starting your sales in an e-commerce platform like Ebay is also hard to do, as establishing credibility to gain better selling "permissions" takes a good while. If you do this, make sure you combine different sites to get more exposure.
    2.Resell something -and Garage Sale/ Thriftstore Arbitrage – very time consuming and research intensive, not to mention requiring a keen eye for "hot" items. (for example, you find something of interest in the thrift store, say a vintage mug. You have to research that item for a compeitive price range, calculate shipping costs and supplies, also ebay/pay pal transactional and monthly fees, and hope for a good review to improve your credibility) – Having said that, one man's trash is another man's treasure and there are big finds out there.
    3.Sell your Services- What skills do you have, Napoleon Dynamite? Nunchuck skills, bow hunting skills, computer hacking skills?
    4. Barter – this is ok, you should always barter. anything is negotiable
    5. Utilize low cost services- got money in the bank? I thought the title was – No Money to Start a Business? No problem…

    good info though..thanks.

  4. 1. Make something – Need money to buy the materials to make something – Have no money!

    2. Sell something – I have absolutely nothing to sell except maybe my organs on the black market

    3. Sell your services – That's what my business is; providing services for home owners. Need money to by tools to preform services.

    4. Barter to get what you need – I need a truck and tools; how do I barter for that?

    5. Utilize low cost services – What low cost service will provide me with a truck and tools?

    Here is my situation:

    I have registered a corporation.

    I need at least $10,000 to operate efficiently

    Since 2011 I have gone everywhere to get business funding and have been denied. They all want to see business income before they loan me money.
     
    Someone has been using my SIN since 2008 and I'm unable to work as an employee. CRA refuses to help and, tells me to hire a private investigator and a lawyer – I HAVE NO MONEY!

    I don't have family because the Government took me from my family when I was born. I have been left homeless since the age of 16 to now 33.

    I have a lot of personal debt from my education and my credit is the worst it could be.

    I have clients waiting for me to come do the work but I don't have tools and a vehicle.

  5. This is one of the best sites to visit for a naive and poor but motivated start up business person

  6. I actually thought this is pretty good advice. Basically just start somewhere with what you have, and utilize the free options available to you. Obviously not a strategy that may work for everyone, but for some it may be perfect!

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