Starting a Home-Based Business With a Zero Budget
When done strategically, success is inevitable.
One of the greatest advantages of a home-based business is that one can start it with zero investment.
For the individual who is unemployed, a stay-at-home parent, in massive debt, or divorced, this is wonderful news.
You might be asking "How is this even possible?" The answer is simple: start small and think big.
Below is a step-by-step overview of what it means to start a business with zero investment.
Before you get started with this business model, keep three things in mind: #1- Starting any business (and especially 'this way') requires a massive commitment of time during the first three to six months of business (60 hours+).
If you are not willing to invest that kind of time, this business model is not for you.
#2- For the first 60-90 days of this model, 95% of your business will be Do-It-Yourself (DIY) unless you can barter or exchange services with experts in areas your business requires.
#3- Get rid of any idea that business credibility has to "look" a certain way.
Your passion, persistence, experience and caring will sell your business well before any professional business card or website will.
OK, let's get started.
Step 1: Decide what your business produces, sells or makes and make sure that it's something you love, have experience in, a natural gift for and have access to people who would want to buy it.
Step 2: Name your business and decide on a price for your products/services.
Step 3: Use a free email service (ex: Google) to develop a corporate email address.
Step 4: Create a blog (FREE) where you will market and sell your product online.
Sign up for Google Analytics so you can track web traffic.
Step 5: Open a free PayPal account and post a PayPal button onto your account so you can readily accept payments.
Step 6: Using your home computer and printer, create flyers about your product and/or business.
Step 7: Start participating in online discussion and creating an online presence for your business through Facebook, Twitter, and discussion boards.
Step 8: Sign up for Constant Contact or another email provider that gives a 60 day free trial and put up an email opt-in list on your blog.
Step 9: Start holding tele-seminars using free teleconferencing software like TalkShoe or WhistleTree and/or host a weekly radio show on BlogTalk Radio.
Step 10: Go to events, join clubs, volunteer and get out into your community and tell anyone and everyone about what you do.
Step 11: Love what you do, do what you love and have confidence that there are many, many clients for your products and/or services.
That's it.
If you feel like you need more information on any of the steps above, go to a bookstore and read anything and everything you can on starting a business.