Starting a business with no money is not a problem, but what kind of business to start with no money can sometimes be a problem.
With the increasing usage of social media and the vast popularity of digital marketing, starting a business with no money is not a problem anymore. There are a lot of businesses you can start in any country with no money. If you have a smartphone and use social media then you have the biggest platform to start a business with no money.
You can start any business, selling of physical products like shoes, bags, clothes and many more. You can also provide services or share valuable content with people and get paid, like teaching people how to make food and sharing your special recipes with them, you can compile a whole recipes and ask people who wants it to just pay a dollar or two for them and you send it to them through emails, WhatsApp or Facebook.
This article will give you insight in some simple businesses you can start with no money and the steps to follow to start these businesses.
Re-selling is the number one business. Easy business to start with no money. This business has been there long time ago and it is not a new business. I remember when I was a kid I used to go to the market looking for something to buy and someone will approach me and ask me what I want to buy. He will tell me the price, tell me to stand and wait somewhere and he will go and bring me what I needed. Anytime I go there and want to buy something, I look for that same man. He was a reseller.
Now with the introduction of social media platforms like Facebook, Twitter, Youtube, Intagram, WhatsApp etc, reselling has become an easy thing to do. People in the advance countries use the term dropshipping which is a form of reselling.
Reselling is simply advertising a suppliers products to an audience as if they are your products.
With the introduction of digital marketing and social media, you sometimes may not even get hold of the products you sell to your customers. You don’t need money to start this business since you don’t have to buy the products before you resell.
How to start a business with no money.
It could be a small shop around your area or a big shop in the city. Approach them and tell them what you want to do. This is what I use in getting all my suppliers. I tell them I have a WhatsApp or Facebook group and most of the group members are really interested in some of the things that the supplier sells, so I want to ask permission from the supplier to help market his products to the people in my group so that when someone needs something I will order from them. All I need are pictures of their products. And they gladly say oh okay no problem.
Remember all businesses wants to expand and get more customers so no one will say no.
Ask of the prices and tell them to give you a small discount. Some will do, but some will not. Don’t worry because you will add your small profit to it. Don’t be greedy and do not add too much profit because u starting a business with no money so you need to know your profit margin. Consider delivery and if possible consider free delivery.
Go on to different suppliers or dealers and repeat the same lines to them.
Services are not physical products, they are the skills that you have to be able to do something that others do not have. For example a teacher, doctor, lawyer, health professional, Gym instructor, website designer and many more. All these professions are service professions and you can start any of them as a business without any money. Knowledge, skills and technical know how are the biggest assets of any individual.
How to do you start?
All you need is a mobile phone and internet. Then Follow the following steps.
It’s so simple and easy, don’t sit down idle given excuses that you have no money to start a business. With these simple tips I hope you can start a good business with no money.