I started online selling handmade items from home. As I perfected my craft and business knowledge, my sales increased. Within 3 years, I was able to save enough to move my operations to a brick and mortar location outside of my home. I began with my production and was not originally open to the public. Slowly and after the initial spending to set up shop, I began offering limited craft/art class opportunities for the local community to take. This was an added line of revenue for me. First, it was once a week, then 3 days, now we're open 6 days a week and have brought in a D-I-Y art line for walk-in traffic. In the past year, my production has suffered to bring on the additional lines of business, however, this is still in line with my long-term goals.
In the past year, I have also added more product offerings then what I initially started with and have brought in other artists as contract teachers to offer a variety of options to those looking to learn more. Since I opened a year ago, I'm still "studio/shop" poor and have not drawn a salary. This is not to say I am still self-funding the operations, but merely, that it has taken a year for the business to be self-sustaining.
Considering I started this all by making a few items and selling them online, and now 4 years later I own my own brick and mortar art/craft studio without getting a loan, borrowing money, or racking up credit card bills... I would say yes you can start a business without money but it will take a lot of long hours, hard work, dedication, and financial saving to make it a reality.
Also, you must love what you plan to do --- otherwise why bother!
I love what I do, I love the long hours, the craziness of not knowing what day it is, or if I'm coming or going because I'm doing it all!! I love the networking, learning new skills so you can save a buck here and there, and of course the great support system I have from my family and friends!!
I'm not crazy, really... I'm just not doing it for the quick return. Rather my goal is to build a legacy that gives back to my community and hopefully will provide my husband and I a little financial buffer when we retire. Most people don't get rich owning an art studio. But I do get to make people happy every day and even a doctor can't say that!
Do you know anything about crowdfunding? If no, then read this blog - https://www.cleveroad.com/blog/crowdfunding-app-development-and-its-main-components
If you've got a really cool or useful idea, people could invest in your startup.
In my opinion, it would be riskier and you’ll have to work harder, but you can keep paying your bills as you grow your business. Once your business starts to generate revenue, you can start thinking about transitioning out of your job. If you want to start a business quickly, you have to focus on what you can do now, not years from now, and sticking to your niche is very important. First, you need to define your business and its goals.
Capital isn't necessary to start a business. The key is to give extreme amounts of value. I was broke when I started Atlanta Hardscaping but I studied, read, and gave lots of value to potential customers. All it takes is one, so get creative and think outside the box.
Easy. If you want it badly enough, you'll do it. Self-teach, rely on interdependence, pay attention to synchronicity, sacrifice sleep, leisure time, for your goals. Sounds cruel in a way, but how much do you want it? That's your answer.
I started my business with subzero capital. I'm now the #1 Celebrity Numerologist in the world, 3-time bestselling author, syndicated columnist, motivational speaker, TV host, CEO of Authentic You Media and Eleven Eleven Productions. I have many celebrity clients from Chanel/Karl Lagerfeld to J.J. Abrams.
How? Blood, sweat, and tears - not hand-outs or wads of cash or capital. I came from a small rural city in the East Coast of Canada (Fredericton, New Brunswick, pop. 36,000) to living my dream and then some, in West Hollywood, California. Received the coveted 0-1 Visa originally (to move here) which is the Extraordinary Individual Visa, proving I'm top in my field.
How badly do you want it??
#1 Celebrity Numerologist Michelle Arbeau
Starting a business requires an idea. Yes, capital is very important but first, you should have an idea which is feasible and can solve your target audience pain points. After you had made that clear there are many options where you can get funded for your business. Here is a blog to help you out: https://www.quicksprout.com/2018/01/26/9-ways-to-get-your-startup-funded/
1. Many experts have already shared excellent ideas and URLs.
2. What exactly is your business idea? Who are your potential clients? Which cities/countries do you want to target? What level of business knowledge do you have? What resources do you have now?
First of all, good luck! Second of all, this may depend on the business you are going to do. In any case, it is better to have money for the first 6 months. I would strongly recommend to go ahead and plan everything before you start.
You can try the fundraising option or you can apply for start-up loans, but you better have a good credit score as start-up loans are pretty harsh. The terms may be pretty difficult to handle.
When you were born, were you born with a Rolex on your wrist and Gucci wallet filled with crisp 100 dollar bills? This bottom line, anything is possible but requires one thing: WILL. No one's business idea is going to work for you, because, it has to be yours. The beginning of anything that even remotely resembles a successful business will be PASSION. Whatever this business is, you have to be driven to put EVERYTHING into it. If you're not passionate about it, you will fail 100% of the time.
The question must be rephrased Gilbert. It is not, "How do I..." it is "What do I want to start a business doing!". What is it that you want to do?
Surprisingly, most online businesses are free of cost but, you have to be very creative & innovative.
Some businesses are in high demand and if you have the knowledge, you can start instantly without any capital:
1. Affiliate marketing - You need to write reviews and content on the products and share with your friend circle. If they get interests and buy through your link, then you will get paid.
2. Software development - If you know languages like - c, c++, .net, etc. you can easily make money, there is a huge demand for freelancers. You can start getting work without even investing a penny.
3. Internet Marketing - If you know how it works and can promote any website/products/services, you can easily find work in the market.
4. Content writing - If you are very good at writing, why not use that talent to make a good amount of money online writing articles for businesses.
5. Insurance agents - If you have a good number of friends, colleagues, or relatives, you can do this as a business. I have seen people make a very high amount of money by selling life insurance products.
Opportunities are many for zero capital business, but you have to check if you are good enough. Whatever you do, you just to be sure there is a demand and you can find many customers online searching for you :)