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How To Start A Business With No Cash - Business - Nairaland

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How To Start A Business With No Cash by OteDOLLAR(m): 11:09am On Mar 20, 2016
You don't always need money to start a business. You can become an entrepreneur even if you have no startup cash. You can start many service-based businesses with no cash outlay. You can even make a business out of selling used furniture, appliances and equipment you already own. If you really feel you need cash to get started, however, you can use someone else's money. Loans and credit cards allow you to
begin a business venture without spending any of the cash in your pocket.

Step 1
Choose a service business for which you don't need supplies and equipment or already have the things you need. For example, you may start a web design or lawn care business without incurring any startup costs.

Step 2
Start a business selling goods you already have. For example,
you may place your used clothing and furniture on consignment or sell it through websites that allow you to post free for-sale ads. You may even find opportunities to post free listings on auction sites. Once you've sold your possessions, use your profits to go flea market shopping for more items to sell.

Step 3
Use drop-shippers, which will stock and ship products for you, so all you have to do is make sales and collect payments.

Step 4
Find a business partner who has money to invest in the
business. Because your partner will provide the startup funds
for your business, you can agree to do most of the initial work to make your partnership fair. Alternatively, you may agree to allow your partner to keep all of the initial profits to repay him for your part of the startup money.

Step 5
Choose a business opportunity that will provide products,
startup supplies and equipment on credit. Although you will
have to pay for these things eventually, you can get started with no cash.

Step 6
Use a credit card to pay for a license. Many jurisdictions require business licenses, so you may not avoid this expense. With a credit card, you can postpone your out-of-pocket expense until the bill is due.

Step 7
Create a free website. Many web hosts offer free website hosting as well as tools you can use to design a business website.

Step 8
Barter for your startup needs. For example, if you need business cards, offer to design a free website for a business card designer in exchange for free business cards.

Step 9
Create your own marketing materials. You can create fliers,
business cards and other marketing materials with the
computer, printer and paper you already have.

Step 10
Ask friends and family members to help you get customers via word of mouth. You may secure your first sale this way, without spending a dime.

Step 11
Apply for a loan to fund your startup endeavors. You will
eventually have to repay the loan, but you won't need out-of-
pocket startup cash.

Step 12
Use a payment processor to handle payments to your business. You can typically get an account with a payment processor for free. You will pay a transaction fee for payments, but they are taken from the money your customers send.

Things Needed

Reinvest initial sales into your business to get additional
supplies, products or equipment you need. You can even use
your first several sales to open a business bank account and pay for advertising.


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