You have an entrepreneurial spirit, which means the idea of having a boss fills you with dread. In fact, you’d rather be homeless than to live the rest of your life as a 9-to-5er.
But launching a business from scratch sounds expensive and, in some cases, it is. However, it doesn’t have to be. It’s not impossible to start a business with no money.
Don’t believe it? Let’s take a look at some of the people who have.
How Notables Were Able to Start a Business with No Money
You’ve likely heard of the success stories of Mark Zuckerberg and even Bill Gates, who are billionaires without a college degree. In fact, they’re college dropouts. And they’re not the only ones.
But for now, let’s focus on some of the pioneers who found a way to start a business with no money:
- Nike: Founders sold shoes from the trunks of their car.
- Whole Foods Market: Founders borrowed from friends/family and lived in their first store after being evicted.
- Dell: Founder worked as a dishwasher making $2.30/hr, selling PCs from his dorm.
And there are various others that started selling from a garage, including Apple, Google, Disney, HP, Amazon, Harley Davidson and Mattel.
Ideas to Start a Business with No Money
Now that you’re inspired to pull yourself up by the bootstraps and start a business, let’s look at a few ideas.
Dropship Products from an E-Commerce Store
Today, you no longer need a physical store to profit in the retail industry. Nor do you need a warehouse to store a bunch of products.
Online stores and dropshipping have turned this industry into a highly lucrative one. There are various providers you can use for order fulfillment, so it shouldn’t be difficult to get started.
The key is to find a product and a target market and begin setting up shop. Once you find a drop-shipper, you can begin advertising and filling your orders. Everything is shipped directly to the customer for you!
Offer a Service
Do you have a skill you can offer to customers? Maybe you’re an excellent writer or editor. Or maybe, you’re good at fixing vehicles.
Whatever skills you have, you can offer them to prospects for little to no money. Aside from buying basic tools to fix cars or a computer to write content, there’s no startup cost.
Some other ideas include providing personal accounting and bookkeeping services or caring for children and pets.
If you don’t have skills, you can easily learn one or two by taking an online course.
Become a Business Owner Today
It doesn’t take much to start a business. With enough motivation, a little bit of capital and the right tools, you can become an entrepreneur as soon as today.
The key is to work smarter, not harder. Why not learn from those who’ve already done it? At What Your Boss Thinks, you can find plenty of resources for tips on opening and operating a new business.
Stop by today to see how you can boost productivity and turn your business into a profitable one. And if you have any questions, feel free to contact What Your Boss Thinks.