Have you ever thought of starting a business, but you didn’t have enough funds? Starting a business without having some backing is really hard , because you actually , need something to give you that intial push. In a business it not the money that is invested makes it successful rather the efforts and hard work of the people doing the business.
Starting a business with a little or no capital , you’ll need to be creative and give it all. In this blog post I have some business ideas that you can start and how to implement them successfully.
Creating great content for people on Patreon.
If you produce great content , there are people out there willing to contribute to your efforts of creating great content and putting your work in to deliver the content in a more useful and productive manner. You can have like 1000 loyal fans from Facebook(Meta) or YouTube who can manage to contribute $5 each for your content. This has worked as a better alternative for Meta and YouTube content creators.
Come with a crazy idea that will make people back you up
Whatever business you’re going to start, you will need to be able to promote it and draw in customers. The better your product is, the easier it will be to market. The interesting part thing is that even if the product is not so incredible, you might still get those sales if your story is good enough and the customer sees value before there is one in the acquisition. People will pre-purchase your product even. The first example that comes to mind is Cards Against Humanity, who are a massive success among one of the most competitive spaces: board-games. They started out with an idea of a card game for horrible people, put it on kickstarter with the goal of raising 4000 dollars to print their first edition. People were interested and they raised more. 2 years later they had generated 25 million dollars in revenue and to this day is one of the best selling card-games out there.
Start a cosmetic brand
We’re living through the gold age of cosmetic companies. It’s never been easier to start your own makeup brand. The competition might be fierce, but the reward is definitely still there. The goal here is to find a facility that can put together the product for you so you can focus your time on marketing it. It’s one of the most exciting business models of our age.
Start an online course.
No matter what you do, you’re likely to have some knowledge that would be valuable to someone else. Why not structure it so that other people can learn that specific skill? People would gladly pay for a solution to a problem or to acquire a new skill.
Online courses are the future of education, or at least a highly important part of that future. We ourselves, have learned more practical things from YouTube videos and courses than we did from school.
There are plenty of platforms online that allow you to build and sell your own course. Take it a step further and you end up with an e-learning company. There are two examples that swiftly come to mind when we think about this space.
Start a blog and build an audience
This has been the model we’ve used to build our own company. It all starts with a domain name, then hosting and you’re off to the races. Today, there are even free options to building this type of process, but if you’re serious about it, you can at least spend a few dollars on getting yourself a proper .com domain.
This is probably the first thing we recommend to people who are just starting out. Create a blog and build an audience. It’s the most valuable education you can get in your early days, because it will force you to learn so many useful skills, like how to brand, how to promote, how to be consistent in your message, how to drive traffic followed by, how to monetize and how to build business.
It all starts with the first step. Places like Instagram & Facebook also allow you to build on their platform, but in our experience, it’s always better for you to be the owner of your platform. Otherwise a small change in the algorithm, that is out of your control, can have dire consequences for your business.
Social Media Management
Every company out there, including us, is struggling to keep up with their social media presence. That’s where you come in. Take some of that burden off the shoulders of the company and get paid.
The most important thing is to deliver results for the company in question. Social media is not just about posting some pics so that there is some activity on your profile, it’s a branding strategy and a growth funnel. Which means you actually need to know what the hell you’re doing before you look for work in this field. The good thing is that, gaining that knowledge is free. Simply create an Instagram page and get it to 50,000 followers organically. That journey for 0 to 50,000 will teach you everything you need to know in order to find work in this space.
Start a consulting company
What’s all this consulting about? Basically a company or individual will hire you for your expertise in a particular field for a specific period of time.
It’s the same concept as before, but this time, companies are willing to pay you money in order to outsource some of their work onto you.
The clear advantage is that companies are higher ticket items with larger budgets to play around. While as a freelancer you were putting in the effort to find a single client for a couple of hundred dollars, this time, you’re putting in the same amount of work into securing a customer, only the payout is 100x that of a freelancer.
The industry typically has a low barrier to entry in terms of investment and manpower. You can start with just one person — yourself and once you start bringing in clients you can expand.
You can start a consulting business as a side gig and move into it full time once the money starts coming in.
These are all super easy to start businesses that don’t need capital to start, or at least that much. One of the books we really loved and found valuable before we started was, The 100 dollar start-up. It’s filled with case-studies and strategies about how you can build big businesses without money.