A lot of people want to start up a business, but they think they need thousands of dollars to start up but that is completely false. In this article, I will be sharing 5 best business ideas you can start without capital. Yes, seriously zero money! You just need to be creative and I guarantee that you can turn any skill that you have into a very valuable business.
If you want to start up a profitable business, you need to rely on yourself to create value and what you can do is offer your services to other people which is basically just trading your time for money. You might be thinking “I thought trading time for money is something we weren’t trying to do?” But the answer to that is no, especially at the start.
When you are just starting out a business and especially when you are starting out with no money, it’s likely that you will have to trade time for money and then as you keep growing this business and scaling it up, that’s when you actually get to the point where you aren’t trading your direct time for money or you’ll have are processes that allow you to keep making money even when you are not working.
5 Best Business Ideas You Can Start Without Capital
1.) PRINT ON DEMAND
This is first on the list, it is a business model which helps you start up a clothing company without startup capital. Here is how it works: when a customer places an orders for let’s say a shirt from your website, this factory or the supplier will start to make that shirt, print it on demand as the name suggests and then they would ship it out for you. So literally, there’s nothing you need to do from your side besides customer service in order for the shirt to be printed and shipped out for you. Either way, its sort of like dropshipping but the difference is there’s no need to place a big order ahead of time as a result a lot of risks is taken out. You do not need to keep inventory and its a lot easier to start. If you have a good idea on making T-shirts, then print on demand is a good way to get into ecomerce.
2.) DOOR TO DOOR SALES
This is also known as D2D – You could sell things such as home security, pest control, solar energy, the list is endless. I know you’re probably thinking people see these sales people as lowly but it’s not always that way. There are very legit door to door jobs that you can actually get. Since a lot of then are commission based, the earnings potential for this job is extremely high.
In D2D sales, you normally start off as a Rep which means you’ll be door knocking to generate business. It is all about how much work you put in, its a tough job and you could get a lot of rejection atimes but you could make a huge income.
A lot of people think that door to door sales men need to be extreme extroverts, however the truth is that you can actually be an introver and be one of the best sales man. So people with different type of personalities can really excel in this type of job.
You start off as a Rep but if you are good at what you do, you could end up being a manager. When you are a manager, you can recruit other people to become reps and you will make a percentage of the amount of money that they bring in.
Therefore you cannot be working, just recruiting and making money.
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3.) PERSONAL BRANDING
I consider this the business that will bring in more businesses. Personal branding won’t bring you money directly but it will make your opportunities for getting money much greater, more efficient and successful.
To build a successful personal brand, you need to do a lot of social media. You need to have an online presence across all social media platforms. You also need to build influence by building your reputation. You have to think of what you’re good at, what value you can give to others and also what type of change and knowledge you want to inspire other people.
Personal branding is such an overlooked business opportunity. People think that it is actually a business but guys, this is something that you would want to focus a lot of time in if you want to start up a company in future. Personal branding literally equates to free marketing for any business you start later on. So, when you’ve built a brand any kind of products or service you render would be tied to your personal brand and that’s going to make starting off a lot easier.
The only thing that personal branding requires is a lot of time. It doesn’t require any money but it takes up so much time.
Everything you need to start up your personal brand is at zero cost and you can do that while working at another job or doing other side hustle. This is a long term strategy business that a lot of people overlook.
4.) VIRTUAL ASSISTANT
If you want to work remotely and you want to learn the ins and outs of a company, being a virtual assistant on fiverr or upwork is the best way to start. This is a service based business where you are basically working as an assistant for some company owner or whoever it is that needs services done. You’d work on little tasks basically to free up time for the person hiring. This business gives you the opportunity to be well rounded on the backend of any business.
To become a successful VA, the person hiring is going to have to train you and as a result, you’ll learn everything about the business, how they operate, how they run, tasks they have to do on a daily basis. The pay is not that high but what’s most important here is the experience, I see it as an internship that you are being paid for.
One way you can scale through this is by starting a staffing agency of VAs that is hiring a bunch of VAs and giving them out to companies as a result, you can take a cut of whatever they are getting and create passive income that way.
5.) PERSONAL TRAINING
If you’re big on fitness, then I think this is one of the most scalable and rewarding businesses that is on this list. You can start selling online training guides and workout plans.
The first step in building a successful personal training business is you are to know the training format, how to get certain results by combining different exercises and techniques, so that your clients can get the best results possible.
How Personal trainers excel in this business is by having in-person training sessions, online personal training, testimonials and referrals. If you are good at nutrition, you can create meal plans for your clients. You can create monthly income by charging monthly fees.