Have you ever wondered how it feels to earn money from your own business? Do you sometimes talk to yourself and say, “I want to start a small business but have no money”? If you do, then this blog is one blessing for you.
Why start a business?
Businesses serve as a backbone of an economy. Without it, people will have a hard time finding a source of income for their daily needs. There won’t be any source of food, clothing, professional services, and even entertainment. Businesses, in general, do not only provide us with these things but also give us something to own and call truly ours.
Image taken from Young and CEO
How to start a business?
• Have an Idea
Starting a business requires bright ideas. You cannot just understand how to start a business with no money and purpose on why you want to engage yourself in such activity. When thinking of what businesses to start, always have a firm decision on what you really want to reach in the field of e-commerce. You can do background research on new businesses to keep yourself updated on the latest in the business field, as well as prepare yourself for the world you are about to enter.
• Formulate a Plan
Back-ups never fail to give second chances. Once you found the right one among the best businesses to start, you can now begin making your plan on how to start a business with no money. Strategize and formulate a business plan that can have the ability to support you and your goals. You can also start gathering good business ideas on how you can survive your chosen market for a long period.
To give you a better view of the best ideas you can include in starting a business, here are a few examples we’ve listed for you.
- A specific description of the business
This part can only be composed of a paragraph. But, if you can make it shorter, it’s better. This is because your target market can easily understand your business’ purpose if it is brief yet concise.
- A simple budget
Budget is considered as among the backbone of starting a business. But, you do not really have to invest much when starting a business. A budget cannot be only in the form of money. It can be in the form of any resources you have which you can offer your market. This includes time, your knowledge, previous experience, contacts, potential business partners, potential clients, and many more.
- Your immediate actions and responses
Immediate actions are simply your backup responses in case of emergencies. You can formulate this by listing down how you can immediately respond to a customer’s concern and even contacts of people you can seek help if you are in trouble. You can also include here backup savings, which you can use in the future.
• Build Up Savings
Understanding how to start a business with no money also comes with understanding your own savings for it. Well, we can’t deny the fact that money is essential when you want to start a business. You will need specific amounts to suffice all the materials or equipment you will be needing.
But did you know that you can now start a business even without spending much? How? Well, the next part we prepared will answer it all for you.
Image taken from Rosa Villa
Good business ideas with zero investments
Unknown to many, you can now know how to start a business with no money flawlessly. There are a lot of good business ideas which require nothing but time, effort, passion, and good communication skills. Curious? Worry less because we listed some of them down all for you.
• Launching a book
Do you love to write? Do you enjoy reading novels and fanfictions? Then, why not use it in starting your own business? Yes! Launching a book is now a trend on the best businesses to start this 2021. There are a lot of online websites and applications nowadays which enable you to create and post your own stories and share them with an audience. If you want, you can even create a website and do your own thing, in your own way! Just be committed and work hard on doing your stories, and in no time, earning and doing your passion are both on your hands.
• Sell handcrafts
If you love DIYs, then selling arts, personalized handicrafts, and even teaching DIYs could be among the best businesses to start for you. This business type is one best answers to the thought, “I want to start a small business but have no money”. There are tons of entrepreneurs nowadays who started in the eCommerce field with only their skills and as their primary investment. If you happen to be someone who enjoys creating new things or recycling old stuff, you can use it as a new business idea to help yourself start earning. You can create videos showing how you do what you do, post on your DIY website, and start spreading the good word!
Image taken from Inbloom Handmade Bar
• Dropshipping business
Dropshipping is among the easy and trendy ways on how to start a business with no money. You can start this by simply buying stocks, storing them, picking, packing, and then shipping them after. This business is among the best business ideas, which are very timely. Since the pandemic is still on the run, people rely more on online services. They order the things that they need and even the food that they eat from various online businesses. Here in dropshipping, you don’t need to handle any type of products by yourself—all you just need to do is make the sales and then pass the orders on to your supplier. If you are looking for good business ideas that are quick and cheap to start, then dropshipping might be the best choice for you.
• Sell service
Are you a professional in a specific field? Do you love giving services? If yes, then why not start getting paid from it. If there is one thing people seek in the online world nowadays, it is services. Many audiences visit websites to find someone who can help them do things they couldn’t. As a business-minded person who enjoys doing a specific job, you can offer them your service and be paid for it. You can start a tutoring session, provide professional services, do coaching, and even sell your own created online courses. Just figure out what you are good at, gather your tools, create a website, and voila! You now have a new business you can share with the world!
• Start a charity
Starting a non-profit organization is also one way on how to start a business with no money. Pursuing a mission that goes along with a business, and setting aside some profit for a cause can be a successful way to create your own name in the field of social-related businesses. This is among good business ideas which give social entrepreneurs a unique way to position their business in the market at the same time speaking about the social issues they care about most. You can do this by creating a blog, get partnerships, post videos of your activities, and share your advocacies with the world.
Ways on how to choose which new business fits you
Now that you have the basic ideas on how to start a business with no money, it is now the time to know which among them could fit you.
• Consider your lifestyle
Knowing how to start a business with no money comes with understanding your own lifestyle. Your own schedule and daily habits play an important role in securing success for your business. With this, choose a business that fits your daily life to make it easier for you to handle responsibilities.
• Be ready for competition
Business isn’t a business without competition. One idea you should know on how to start a business with no money is to ready yourself for a number of competitors. It will be a tight battle so it is only a must for you to gear up yourself.
• Get opinions
One way to perfect the whole process of how to start a business with no money is to seek opinions. Before you start a business, ask questions from people who are knowledgeable and equip with the ideas you badly needed. You could do research on businessmen who made their own names in the same field and get your inspiration from them. It is never bad to ask for opinions. After all, no man is an island, right?
• Have an honest judgment
Last but not the least, have an honest judgment of yourself. Before you finish knowing how to start a business with no money, make sure to analyze your own capabilities. Understand if you can really engage in such a specific field. Know what you truly love and avoid doing something you know you will regret in the future.
Image taken from Dr.Chai Tea
Starting a business with Strikingly
Starting a business with us could be one of the best decisions you could make. We offer tons of amazing features to our customers who are finding ways on how to start a business with no money. For starters, we have a free subscription plan which you can use without paying anything! With us, you can start your own simple store and start selling your own products. You can even ad subscription plans and offer membership to your target market.
Image taken from Strikingly
Membership plans are one best way to know how to start a business with no money. You can create a website with us and add a membership plan for your audience. This is one effective hack in gathering more website visitors and secure more opportunities for you and your business.
Image taken from Japanese Crafts
Selling Online is now easier with us! You can sell online courses using our powerful Membership feature, which is available for Pro and VIP subscription users. This feature allows you to restrict specific page access and sell a course using Strikingly's Simple Store! Just amazing, right?
Curious about more details on how to start your website? Chat with us, and let’s start working together.