Entrepreneurs, both born and made, will agree on one fact that you need money to make more money. Somehow, this whole investment based business ideas fail to look beyond the common belief that you can make a business out of nothing. And the fact that if you start something from scratch you have got more chances to have success than failure, because there was no initial investment that you might lose in the process. In this article we will talk about a few ways by which we can start a small business from scratch and with no money in your wallet.
If you got really nothing – Now, this means that you have no support what so ever. Here, at this stage, your best option is to ask yourself, about what skill and assets you already have. Even if you got nothing you can still find a job to earn a few cents off line. Use those initial funds to invest into something that you can work, something that can grow into a business.
But are you really that limited? Chances are that you might be a collage drop out, or a high school dropout. That way you might know a bit of computer and you are capable of writing or doing other data entry based jobs. Start something small, work as a freelancer and get some money into your wallet. Once you have those little funds to play with, you can start your own website, add content to it and earn money from it. You can also keep providing those services that earned you the initial funds, that way your funds will keep increasing and a time will come when you can re-invest it into something big.
Money brings money – Yeah, but as I said earlier, you don’t need to start off with money, it can be managed. However, once you have the flow of money coming, use it to expand. Make sure that most part of the money that you earn, flows back into your business and not sit in any bank. Plan it well; see what areas of your business can be outsourced. There is cheap labor available on the net that can perhaps write better than you. Try to outsource link building and other promotions as well. This depends on what kind of business you are running, but surely any internet based business can be outsourced.
At this stage of your business you are no longer worried about your debts or investments. The only thing that should now worry you is expansion. Am planning to cover more about expansion in a fresh article. So, stay tuned.