How to Start a Business with No Money?

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How to Start a Business with No Money?

Sounds interesting, right? This is a million dollar question! Well, every single individual has this thought in his/her mind, as to how to start a business of their own, with a very little, miniscule or practically no investment at all. But for that, it requires a lot of thinking, planning, research, brainstorming and fact-finding of credible resources. A majority of the individuals are of the notion that they cannot start any business of their own, without investing any money. This myth has to be broken or shattered, once and for all. For your information, the 3 most common types of businesses that you can start without investing a single penny are: tutorial services or knowledge selling, talent & skill-based and internet-based businesses, such as online/affiliate marketing, web design & development. In these three exclusive domains of work, you don’t have to invest any amount, provided you’ve a desktop or a laptop at home. That’s the only requirement. These are virtual forms of businesses that nowadays a lot of people are into, if they have certain skill-sets in the area of web and some know-how about working on the internet.

ALSO READ: Startup and Home Business Ideas to Explore in 2020

In such ‘self-run’ services from home or ‘self-employed’ businesses, you do NOT have to invest a single Pound or Dollar in machinery, equipment, space, manpower, raw material or infrastructure. Just an internet connection, which I guess everyone has at home, and you’re good to go. That’s it! It cannot be anything better or simpler than this. Guys that are academically strong can easily work as online tutors and earn handsome money by giving tuitions to students across the globe in different subjects, ranging from studies to music. If he/she is a web design geek or an internet freak, the best option would be to design and develop websites for clients, and at the same time market or promote their sites on popular search engines like Google, and earn a lot of money every month. These businesses are categorized under IT & ITES. But, there are other businesses one can think of doing without investing any money at all. Let’s find out!

Other Simple Business Ideas with No Investment

There are so many other businesses that you can do without spending a single penny, other than the trending and common ones that require a fair amount of skill and knowledge. If you’re a fresher or a novice, without any training or job experience, and want to know how to start a business with no money, there are some good options in front of you, where you may require a bit of physical labor, as the education or vocational training that you possess may not be sufficient to start a training or knowledge selling based work. Such non-skilled and ‘investment free’ simple-service businesses can be categorized as following:

  • Home painting
  • Dog walking
  • Baby sitting
  • House cleaning
  • Party or professional planning
  • Small event management
  • Grocery delivery
  • Carpet cleaning
  • Lawn mowing
  • Plant watering service
  • Outdoor cleaning
  • Foliage removal
  • Dust removal & surface cleaning

These were some of the non-skilled jobs that you can do for earning a steady flow of income every month, if you lack the job experience, skill-sets and expertise for technical or core IT related jobs. They do NOT require a single penny to invest, whatsoever. Just a little bit of physical effort and time is enough to help you earn a good income. For that, you need to list yourself with a local business listing site for your customers to know and call you for the said service.

Selling Knowledge and Talent

Well, if you’ve got talent, skill-sets, expertise and a fair amount of knowledge, why not convert it into a business idea of your own, and start earning money in no time. For such services, you can charge on an hourly basis and very easily build a client portfolio. So, below mentioned these are also some of the innovative and creative business ideas that you can start without investing a single penny or or a cent.

  • Personal gym trainer
  • Pilates trainer
  • Yoga classes
  • Freelance content writing
  • Freelance web marketing
  • Freelance website design & development
  • Affiliate marketer for online stores
  • Music classes
  • Bartending service
  • Interior design
  • Resume writing
  • Photography
  • Chef for hire
  • Small business consulting
  • Relationship coach
  • Knitting & handcraft lessons

Internet-Based Businesses

This is probably the most popular and trending of all business types, where an individual can sit in the cozy comfort of his/her home and offer services to clients over the internet or via the web. All you need to have is an internet connection and a computer. It can be started with very little money or practically no money at all, if you’ve the necessary internet connection. It is here where one can make fortunes out of nowhere, by creating a highly popular blog or website on WordPress. But, there are other arenas too from where one can think of earning a handsome and significant amount of money, without practically investing anything at all. For that, you need to carefully plan while starting an internet-based business. Let’s find out which are these common ones among internet & web geeks across the globe.

  • Social media promotion
  • Selling on eBay & Amazon
  • Virtual assistant
  • eBooks
  • Starting blogging
  • Affiliate marketing
  • SEO services
  • Selling domain names
  • T-shirt design
  • Website design
  • App. development
  • Dropshipping
  • Etsy selling

Conclusion

A bit of research and planning can help you start your own business from home, without any money or very little investment, from where you can start earning from the first day itself. Even if you require a small amount of finance that I guess can be easily managed with the help of your friends and family members, to whom you can repay it later on. The crux of the matter and bottomline is, don’t let your lack or money or experience be an excuse for not going ahead with your own business. There is an array of excellent opportunities staring at you, and you can choose between any one or more of these businesses to begin with. It can either be a knowledge based, skill infested or unskilled business, depending upon your choice, qualification and experience. This is how people are coping with the effect of job losses after the start of the Covid pandemic, and have started their own businesses from home, without practically having to invest any money at all. If you think that you’re missing out on this golden opportunity, you can always check out on the different business options where you don’t have to invest a single penny.

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