Dear Entrepreneur, Here Are 7 Creative Ways To Start A Business Without Money

By Getrude Mathayo / Published September 29, 2022 | 2:43 pm

KEY POINTS

The easiest way to start a business with no money is to sell your services. Even if you haven’t mastered a specific area, being better than the average person at something means you can start a business that helps them. Start by looking at the things you know how to do better than most people.

KEY TAKEAWAYS

Social media has become part of our daily lives. Create social media pages that favor the nature of your business. For example, Instagram is a better tool than LinkedIn for clothes designers since it’s suitable for sharing photos.

Have you been wondering how you can start a business with no money or experience? You’re not alone. Many people, just like you, dream of getting into the self-employment world by owning a business. You may even already have a good idea in mind.

A great business idea with zero capital doesn’t mean your path to entrepreneurship is over. There are plenty of ways to start a business without money. In most cases, all you need is an entrepreneurial mindset: patience, hard work, creativity, and the willingness to test new things.

Unfortunately, some people end up completely putting off their ambitions. Where most people lose interest is when they realize that it takes money to start a business.

Find a free business idea

Vet Your Business Idea

If you’re starting a business on the cheap, chances are you envision eventually putting money into your idea, even if you’re going to reinvest the proceeds. Sometimes, we think we have a great idea, but when we explain it or pitch it to others, we often realize that the concept may be a tough sell.

Take advantage of what you have

Believe it or not, you can set up your own blog. So, that means you’re only investing your time and, eventually, when you get a following you can make money with ads and affiliate marketing.

Tap Into Free Resources

While there are many high-cost business training options, there are even lower- and no-cost resources that can teach you almost everything you need to know. Start with internet searches and a trip to your local library to search for free, quality business advice.

Network With Communities of Support

There’s no need to go it alone as you jump into entrepreneurship. And in fact, joining in-person and digital communities of like-minded peers can be an incomparable help in moving you forward. Through social networking platforms, you can even access different online communities where you can find helpful advice and support to bring your company to life

Dropshipping

Dropshipping is a popular business model for entrepreneurs looking to start a small business with no money. Simply create an online store and choose a dropshipping supplier.

The best part about dropshipping is that you can get started with a tiny budget. Instead of buying inventory before it’s sold, and storing those goods in an expensive warehouse, vendors will only charge you for inventory when you sell it