Having a successful business can’t happen in one night. It needs struggle and many factors that support and make it happen. If you are planning to build your own business, this is how to start a business with zero investment.
Everything always starts from zero, including business. So you need to take the first step. Reading this article till the end is your first step since this is going to be very helpful and inspiring.
But, with no money here means you do not have to prepare huge capital to start your business. And, you need to have some essential things such as location, equipment or devices, and skills.
Are you curious now? Let’s check this out!
Step by Step How to Start a Business with Zero Investment
Business with zero investment? Although it might sound impossible, you would have a different point of view after reading the whole elaboration. Let’s jump into the first step!
Start from what you have
To start a business with zero investment, you need to count on yourself. Find something you can do by yourself without spending money. For example, online business. All you need is a smartphone with good internet access.
Does your business need a website? If you can build it alone, it is better to do it that way. By doing so, you will suppress the expense for sure.
If that is impossible, you can use the free website from Google My Business to display your product or services.
Next, does your business need marketing material? If it is so, you can use so many free tools and applications available in Google Play Store. Select the ones you feel the most comfortable with.
Let’s say you need an eye-catching design for your everyday post on Instagram. You can go to canva.com and get the various free templates for every design that you need.
You do not have to be perfect at the beginning. As time passes by, you will be able to do it better and better. So when you can do it yourself, do it for the sake of expense suppression.
Write Your Business Plan in Detail
You need to write your business plan to know exactly how to start a business with no money or at a low cost. These are what you need to do:
- Describe your company, including your business model and profile.
- Research your market. So you need to know whom you’re going to sell your product or service to and observe your competitor as well.
- Define your product or service. Explain what they are and why people should buy or use them.
- Determine your marketing strategy. Explain how you’re going to market your product or service to reach your target market, e.g. email marketing.
- Plan your business operations. Explain how you’re going to send the product or service to the hands of customers.
- Plan your finances. This includes every cost to run your business. Be sure you have your cash flow well reported.
Save Money for Preparation
If you have prepared the business idea a long time ago or you want to start it soon, it is a wise step if you save money for preparation.
Well, if saving money is difficult for you, remember that every success needs struggle. If you go out for dinner twice a week, for example starting from now, do it once only and save money.
The next step is to plan your business well. Add your estimation of how much money you would spend for running the business. Estimate how long your business will make a profit as well.
This way, you can measure your effort and plan your next business strategy to achieve your business goals.
Learn From the Expert
This does not mean that you have to take an expensive class or course from a popular marketing expert to learn how to market your product or service.
There are so many free ebooks and marketing strategies on YouTube Channel from those who have been successful in their business. Then, choose the ones that are appropriate to your business niche and suitable for your skills.
Or, you can consult with friends and relatives who have succeeded in their business journey. Learn from them, take the positive things, and do not hesitate to always ask the things related to the business you need to know.
So, those are four steps you can take to start your own business today. Now, have you had any idea what kind of business you will run? If not, here are some business ideas with no money you start today!
Simple and Easy Business Ideas for You in 2023
Open Online preloved store
This can be a promising business you can run with no money. If you are interested, you can sell it through social media. Optimize your social media account to display your product.
According to thredUP’s 2021 Resale Report stated in brightly. eco, buyers of second hand are increasing in the next five years starting from 2020. So, running this business has a good prospect.
Next, check your wardrobe and look for clothes you seldom or never wear anymore. Then, collect them, take a good picture of them, design them well with free apps and interestingly wrap them before sending them to customers.
Be a Dropshipper
This is an interesting business idea because you only display products, but you do not have to stock them. To begin with, you can use social media platforms such as Instagram, Facebook, and TikTok to display the product.
Then, When customers buy, you contact the suppliers and they will send the goods to your customers. So, the profit you get is from the price you determine by yourself after you know the price from suppliers. Simple and easy, right?
Now that you know the steps you need to take, have you got an idea in your mind of what to do today?
Finally, the very important thing you need to have before taking the first step is a strong intention. Hopefully, this article gives good benefits for you to know exactly how to start a business with absolutely no money.