Questions Business and Entrepreneurship

How to start a small business without money?


Wahid Bhai

Grow through what you go through

When you think of starting a business of your own, capital is the first that comes to your mind. There are a countless number of people who have backed out from the idea of doing business — the reason being the lack of funds.

The requirement of cash to start a business has now become age-old thinking. This is the age of digitization and today, everything is possible. This includes even starting a business without money.

Starting a business without money

Here are a few tips to follow to start a business with no cash:

  1. You should stick to your current job so that there is a continuous flow of income.
  2. Wait for six months to save some cash.
  3. You can also apply for a loan in the case; you need money to back your start-up.

Here are some business ideas that require almost no cash to set-up.

1. Personal Creations
By personal creations, we mean art and crafts. If you have the talent to create beautiful things, you can put them out on sale to earn a good amount. There are a lot of people who are into this kind of things, and they are doing well. In this type of business, your success completely depends on how skilled or talented you are. Also, it requires no money, to begin with.

2. Resale
The idea is simple; all you need to do is get the items and sell them to other people. You can rely on wholesalers and drop shippers to get items to sell. In this case, dropshipping seems to be the best thing as you can ship the items directly from the manufacturer. This requires no cash start-up.

3. Affiliate marketing
This is an easy way to get into the business. You can earn a commission by promoting various products and services of companies. It is easy to get started and doesn’t require any investment either. All you need to do is figure out the items that are in demand and start promoting them to various sites. However, you need to have at least some marketing knowledge to hit success.

4. Freelancing
If nothing else works, you can become a freelancer. There are so many options these days. Starting from copywriting to web developing, you can do it all on a freelance basis. It completely depends on your skills. If you have the skills to write, you can be a content writer and so on. This requires zero investment to get started.

Well, these are only a few of the options you can try. You can find more such ideas on the net. All you need to do is get the plan right and get started with your business. If you have the right motivation, you will surely succeed in it.

Read more: How to get a loan for my small business?

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