Updated date:

Start a Business With No Money and No Idea

Author:
start-a-business-with-no-money-and-no-idea

Seems too good to be true? Thinking of starting your profitable business with zero money and little to no idea? It’s simple(actually very simple).

But let me tell you this if your primary goal is to print money(lots and lots of money), you should not start a business. Business is not just about making money, it's also about adding value to your consumers. It might be about resolving an issue, improving a condition, providing opportunities, or even bringing happiness to the lives of others. Businesses thrive when they have something valuable to offer to society.



Why Do 99% of Businesses Fail?

Yes, folks! 99% of startups fail. It may seem a high number but it carries a harsh reality. It’s a heartbreaking figure. Most people, nowadays, start a business to escape their 9-5 job, but they fail in the first year of their business.

The sole reason: they fail to identify and solve the needs of the people and the society which would have made their business flourish.

‘Don't run when you don’t even know how to walk properly’

Don’t run when you don't even know how to walk properly. Don’t start a business when you don’t know what it takes to start a business.

Let’s Walk You Through the Essence of a Good Startup

  • Start Small: Start with a small segment of society. Do intend to reach a large market to flourish in the long run. But start with small steps and small segments. Facebook is a great example of a company that started with a small market. The site was notably created by Mark Zuckerberg at Harvard. Later, anybody in the nation having a.edu email address was able to access the platform.

Long before Facebook became the most popular social media platform on the planet, the business was continuously innovating and adapting to user feedback. Even ‘Peter Thiel’ the cofounder of PayPal and early investor in Facebook demonstrates the importance of starting small in his best-selling book ‘ZERO TO ONE’.

  • Build a Community: Nobody can ignore the importance of networks. Surround yourself with like-minded, positive people. Expand your community, expand your idea, thus expanding your business. Forming connections with mentors and advisors at an early stage may prove to be successful.

How Do I Start My Business?

When thinking of starting your own business, the first question that undoubtedly sprang to mind was, “What should I sell?” or “Which market sector has the most money?”

It is important to remember that the internet's full potential has yet to be realized, and there are several business prospects available on the internet.

As a building entrepreneur, all you have to do is conduct an online search and you will be astonished at the number of opportunities available right in front of you.


Dropshipping

Dropshipping is one of the most profitable businesses that anyone with zero money may start. Dropshipping allows you to sell products online without having to keep any physical inventory.

Simply create a free store on Amazon, eBay, or any other online selling platform, and then look for a wholesaler that sells the products you want to sell at lower prices.

Step 1: Customer places an order.

Step 2: Dropshipping provider receives the order automatically from your store.

Step 3:Your dropshipping provider prepares the order for your customer.

Step 4:Your consumer receives the order directly from your dropshipping provider.

It needs zero investment. To know more about dropshipping from scratch.


Editing and Proofreading

Editing and proofreading provide the ease to work from your home. It needs zero investment and allows you to connect with clients that are hundreds of kilometers apart.

If you don't know what editing and proofreading are, then don't worry. You will learn everything here.

Editing: Editing is a step of the writing process when a writer or editor attempts to enhance a draught by fixing errors and making words and phrases as clear, precise, and effective as possible. Editing includes adding, removing, and rearranging words to reduce clutter and simplify the overall structure.

Proofreading: Proofreading is the final step of writing. A proofreader was responsible for identifying any grammatical, typographical, or formatting problems or inconsistencies during the final examination of the proof.

You may start a website that provides proofreading and editing services with zero capital or may opt for freelancing these services. These services are in high demand and expected to be high in the future also.


start-a-business-with-no-money-and-no-idea

Affiliate Marketing

Affiliate marketing allows you to earn money through a commission by advertising products or services of other people. The affiliates simply find a product they like, promote it, and receive a portion of the profits from each sale they make.

Why to Opt for Affiliate Marketing?

1.Ease of working from home.

2.Generates passive income.

3.Rewards are performance-based.

4.No hassle of customer complaints

Affiliate marketers make hundreds of dollars in revenue. So, why wait?. Let's start now! Get to know more about affiliate marketing from the beginning to end.

start-a-business-with-no-money-and-no-idea

Conclusion

Simon Sinek challenges firms to begin with their WHY. What they are selling and why are the selling?

Understand your company's WHY. What is your unique selling point that no one else can provide? And what will buyers receive if they buy from you? Knowing WHY you're in business is a crucial first step when beginning a new venture. Because, whether you realize it now or not, you will be on your path to determining the WHY of your business sooner or later.

Finally, many entrepreneurs believe that generating a lot of money is the most enjoyable element of their business. Sorry to disappoint, but it is not the case. The process of learning is the most enjoyable aspect. Every company owner faces difficulties at some point. Some at the start. Some towards the end. Some people are always struggling.

You should persevere in the face of adversity as long as you are passionate about what you are doing and it provides value to you and your consumers.

Starting a business is now easier than it has ever been. The key is to simply begin.


Related Articles