When starting a business, in addition to initial enthusiasm, it is undoubtedly the capital from which to start. But how to start a business when money is scarce?
The initial phase of a business is always the most exciting: we think we have the best idea in the world, we can not wait to start building the dream of a lifetime.
You are also willing to take some risks , like leaving your job or cutting your salary a little, at least for a while. But there is something that blocks this otherwise idyllic path: the lack of money .
Apparently it seems the most serious of problems but the absence of capital should not make us desist from pursuing our dreams. It may seem an optimistic and banal statement but it is really possible to start growing your business with little money .
Follow this simple guide to start a business with a few or no money. Learn how to make money today.
Yes, creating something requires an initial cost for supplies, but often the resulting products can be sold at a price well above their actual cost. What you decide to do depends on you, but there are several places where you can sell your creations, such as Amazon and Etsy .
Many entrepreneurs sell their products on multiple platforms to get the highest exposure possible. It is important, however, to make sure that your inventory remains up to date on all the sites you have a showcase on.
If you do not want to create anything (or do not consider yourself a creative person), many entrepreneurs have succeeded by simply reselling products already made. This can be done through a variety of ways or channels, including Amazon once again stands out.
If you know where to look, you can find items in second hand stores, antique shops, flea markets and resell them online or to your circle of knowledge for more than you bought them.
Sell your services
One way to start a business without money is to sell your services instead of a physical product. There is a great variety of services that you can offer, depending on your background and interests.
Some require advanced training, such as accounting services, while others require little more than practical knowledge (baby sitter, gardener or personal assistant).
Because you’re selling your services, you’ll need a branding plan to make sure your name and company are found by people who may need the service.