Top 10 ways to Start a Business with No Money

I know I’m supposed to be on “unplugged” vacation and but I found this article online that I thought was awesome and had to share the top 10 ways you can start a business without any outside investment…

1. Delay the normal “business starting” activities like incorporating, hiring, renting office or retail space, etc until AFTER your business has started earning money. This is known as bootstrapping.

2. Doing everything yourself and spending your personal time instead of hiring an expert. (Takes longer but costs less.)

3. Learn how to do your own financial statements for your business in Excel instead of hiring a CPA or bookkeeper (again you can do this after you’re making money)

4. Get a free business website at www.wordpress.com or tumblr.com. It won’t be your own domain (it will be something like yourbusiness.wordpress.com)

5. Don’t hire a fancy graphic designer. At least not yet. Use LogoYes to create your own logo (or at least get ideas that you can recreate on your own for free)

6. Don’t bother with a full merchant account to start off with, they are complicated, come with monthly feeds, and require programming expertise. Instead try a simpler (and much cheaper) solution like Google Checkout or Paypal

7. Get 250 full-color business cards for free to hand out to people you meet (Will have to pay for shipping)

8. If you can’t afford to get links from expensive directories like Yahoo ($299) useDirectory Submitter to get links from hundreds of smaller directories for free for your website or blog.

9. Create profiles on all the social media sites, Facebook.com, Twitter, Linkedin and start promoting to family and friends to build a customer base.

10.  Send an email to everyone in your email program’s contact list with a short friendly note letting them know you are starting a business and ask if they could forward it to just one or two people who might be interested. Offer something free for the first 10 people. This has an exponential effect because it not only reaches who you know, but everyone who knows who you know (an order of magnitude bigger group of people.)

 

<a href="http://46 Ways To Start A Business With No Money” target=”_blank”>Click Here to the link for the other 36 ideas from stratbreakingfree.com

 

One Comment Add yours

  1. acep2007 says:

    This is common sense 101! Love it! Thanks for the info!

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