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In this article, I like to teach you how to start a business with no money.
When we think of starting a business, we might think of leasing a building, buying equipment, and hiring staff.
And while that might be the case for some businesses, you can actually get a business up and running without any upfront costs starting today.
Follow these simple steps to get your business started:
1.Identify your skills
The easiest way to start a business, for free, is to start with the skills that you already have. Take out a piece of paper and list any and all skills, certifications, or things that you do well.
Here are a few examples to get you started:
-I can bake cakes really well.
-I know how to repair broken bicycles.
-I am good at sewing.
2. Identify your target customer
Using the examples above, let's think about some people who would be interested in your services:
Cake Baking Service
Target: upcoming birthdays, events, parties
Bicycle Repair Service
Target: bicycle riders, bicycle commuters, custom bicycle enthusiasts
Sewing Services
Target: busy mothers, couples getting married, sustainable fashion designers
3. Advertise
Once you know the services you want to provide and have identified your target customer, now it's time to tell people about them.
Remember: "You don't have a business if no one knows it exists."
Assuming you are active on social media, here are a few post ideas that you can use to get ideas from:
"I am starting a custom cake baking service. Here are a few examples of my work (Add pictures of some of your recent bakes). I can make any kind of cake at your request. Please call or message me to place an order."
"Creators, is video editing taking up too much of your time? I am starting a video editing service for people just like you. Use this link to view some of my work. Contact me at (email address) and tell me about your next project."
"Mothers, are your kid's jeans full of holes? I am starting a clothing repair service in the _____area. Don't let your kids go to school with beat up clothes any longer. I can repair jeans, jackets, shirts, and school bags. Contact me (here) and let me bring those worn-out clothes back to life."
4. Decide on a payment method
Next, decide on how you want to get paid. You can decide to only accept cash, or you can set up a payment wallet like PayPal or whatever is popular in your country.
Now you are all set! Do great work and encourage your customers to tell their friends and family about you. If people love your work, they will refer you to their network.
As you can see, you can start a business with no money, today, simply by using the skills you already have, identifying your target customer, doing some self promotion and deciding on a way to get paid.
I hope you enjoyed this article. If you want to read more posts like this, subscribe to my newsletter to get more helpful tips related to small business and marketing.
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