Image from Contact Virgin Media
Business is a good way to earn money. It is a great
investment after all. It is also the third quadrant of the cash flow diagram in
this article. When a business would bloom, needless to say you could be able to
earn much in the process. However, almost all of us are hesitant to establish a
business we like because of the notion that it requires a big capital.
Yes, most businesses require a huge amount for it however
this should not prevent you from starting a business. You can in fact put up
one even at zero capital. Yes you just read that right! There are business
ventures that you can precede without the need to shell out anything. After all,
a business is not at all about capital. There’s more to it like expertise,
skills and a goal to succeed. As such, here are easy business ideas that you
can pursue with no capital at all. I repeat NO CAPITAL at all.
Freelance Business
Image from Graphic Design Blender
Do you have a skill that you are good at? Do you want to
share your talent? If that is the case, start your own freelance business. A freelancer
is someone who performs tasks for multiple employers. He or she more or less is
a free agent.
To get you started with this kind of business, identify the
skill that you consider as your strength. Are you good with writing? Or perhaps
graphic designing? Do you want to create websites? Are you eager to do picture
retouching or what not? Identifying this can greatly help know your niche and
also your market. From there, you can create a space in the web to showcase who
you are and what your freelance business is about. You can start putting up a
blog for it, a social media page in Facebook or Twitter and you can start your
marketing. Finding clients would be your challenge here especially if you are starting
up. However, if you already have a handful of customers, they would be always
coming back. You just only need to ensure to offer a service that people would
want. In the long run, you would be accumulating patrons of your freelance
business and you can rake in cash.
Online Shop
Image from Gorge
Perhaps you might wonder how to put up an online shop
without the need for capital. Should you need money to buy the needed inventory
or the products? I dare say not necessarily. You can in fact establish an
online shop without the need for those. What you need is to provide a product
from a supplier that provides drop shipping capability. Drop shipping is a
retail practice of sending items directly from the manufacturer to the
customer. Hence, your role would be a middleman to feature and market the
products of the supplier. If there would be a sale, you can then direct the
transaction to the supplier. They would be the one taking care of the item and
ship it to your customer. You will then be given a specific percentage out of
that sale. That percentage alone is already your business revenue! Hence no
inventory in your end, no products to store and no capital at all. You only
need to pour in efforts for marketing.
To get you started with this kind of business, look for
suppliers that offers drop shipping capabilities. I can guarantee there a lot
out there in the Internet. Then look at their drop shipping scheme and you can
start posting their products to your site or social media page. You need to market
items that you really like so you will be motivated to market. Make sure you
will also be able to easily contact your suppliers so that you can redirect a
sale transaction immediately.
Service Business
Image from Mbopartners
A service business has the same mechanics as the freelance
business. Identify a niche or an in-demand service that you would like to
cater. From there, claim it and establish it under your name. Then slowly start
marketing your service business to others most especially the ones who would
need it most.
To get you started with this kind of business, again look
for a service you are good at or a service that you think would be in demand in
your place. From there, invest on marketing like informing other people you can
provide this and that. Some service business you can start with is event
planning, repairing, housekeeping, tutoring, home delivery service, day care
centers, bookkeeping, personal assistant, laundry service, newsletter,
consultancy and more.
To date, establishing a business is no longer impossible. Even
if you have no capital, you can still be able to create a niche and build up
your business from ground up. You only need to identify the kind of business
you would want to pursue without capital at all and invest your efforts from
there. As others would say, “laway lang ang puhunan” which is indeed true for
the kind of businesses stated above.
P.S. To those doing the 52 Week Money Challenge and 52 Week Money Challenge Version 2, it is Week 7 already! Did you deposit the next amount yet?
P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too.