Having an entrepreneurial dream is great, what isn’t great is when you have no capital to go for your dreams. Great companies have been started with little to no investment. In this post we will be sharing ways in which you can start your own venture with little to no start up capital
- Reselling Products
A quick way to start making money is to resell others products. Online this can be done by finding a supplier that is willing to ship directly to customers. This is known as dropshipping. If you are a marketer or have a good way of reaching potential buyers at low cost then it can be a quick way to sell a lot of products. The drawback of this model is the low margins that you are likely to get on products. This can make it difficult to make a profit if you have high advertising costs.
Another option for reselling is to visit charity shops or car boot sales and resell items at a higher price on online marketplaces such as ebay.
2. Making something
If you have a talent for woodwork or jewelry/gift making you can start a website to sell your products. Platforms such as etsy and notonthehighstreet will allow you to sell your wares. If you build up a brand you can then create your own website to sell more products. The initial cost of the materials and your time is all you will need. You will then be able to sell your products with a good mark up
If you have a skill that others need then you can look into freelancing. There are plenty of sites out there with businesses looking to hire freelancers to complete tasks for them. You can also look for work on business networking sites such as LinkedIn.
4. Use low cost services to start
If you are wanting to create a business then you can use low cost freelancers to help get your business ready to promote your services. Using freelance logo and web designers will allow you to lower the initial investment needed to start your business.
You could also think about partnering with a friend or someone thats interesting in the same type of business as you. If you have the skills and they have the capital it could be the start of a great partnership.
If you have any tips you would like to share on how you got your business of the ground with little capital get in touch!