It’s the dream of many, to start their own business. They have heard stories about making $10k per month or even $100k or more. Yet, when they look further into it they realize they need $10k or more to get started. They never live their dream of having their own business.
Table of Contents
- Living The Dream
- Start with Zero
- Finding Product to Sell
- Advertising
- Email Manager
- Blogging For Sales
- Hosting Downloads
- Start an Online Business with No Money
Living The Dream
I became an entrepreneur by accident. literally!
A car crash ended a loved banking career and left me needing to find a way to make money to cover living expenses, medical bills, and rehabilitation costs.
A serial entrepreneur, creating multiple income streams was the outcome.
Although I loved banking it was a full-time stressful industry. Today, I live my dream lifestyle by the sea, basking in the sunshine most days, driving my dream car, and working the hours I choose.
Becoming an Online Entrepreneur has totally changed my life and it can change yours.
Start with Zero
Is it really possible to start a business with no money – Yes,
In less than an hour, an online business can be created using free tools.
I started my online business with zero money. Just a desire to learn how to make money online and make sufficient to cover the cost of living expenses and pay for my rehabilitation costs.
Today one of my online businesses turns over $7800 per month and costs just $450 per month to run. For people who like numbers, and most entrepreneurs do, it is 94% profit.
The most exciting part of this is the other online businesses I created. They use exactly the same tools so no additional costs just 100% profit.
All the tools I use today started with free versions and were only upgraded to paying versions as the business grew and income grew. It was then affordable to upgrade to the next level.
The upgrades were necessary for scaling the businesses.
Finding Product to Sell
Any business requires sales and that means having something to sell.
Affiliate Marketing offers a great way to get started. Receive a unique link for the product, start advertising it and get paid commissions for each sale.
How do you find a product to sell?
The first thing to do is brainstorm your hobbies, skills and expertise. Once an idea has been identified, look for affiliate products based on the idea.
It is always best to start with something you already know as it is easier to promote what you are familiar with than something you aren’t sure about.
Advertising
Shout out, make a lot of noise and let people know you have started a business.
Every business needs to be able to get in front of an audience. Social Media is Free. Building an audience takes time but as your followers grow you can convert them into clients.
There are several different social media platforms and the best one is the one your perfect client is most likely to use. This comes down to knowing who your client is.
Focus on one platform at a time before growing a second one. The reason for this is each social media platform has its own nuances. Put the information out in the wrong format and it will be like trying to sell snow to an Eskimo.
When you take the time to learn how each platform operates and the type of information that best fits the platform, it will become easier to build an audience and make sales.
Email Manager
For years, I ran an online business using Facebook, but there came a time when it became necessary to communicate with clients using a different medium.
I needed an email manager.
Although I tried several emal managersl, I eventually settled on Aweber who offered a free version. I have since upgraded to a paid version as it offers more functions.
The upgrade only came once my business was making sufficient money to support it.
Something to remember is email lists are not transferable between email managers. Research carefully the one you want to use and stick with it.
The email list can account for around 90% of sales. Don’t throw away potential clients because you want to change managers.
Blogging For Sales
Blogs such as this one, are a great way to get in front of an audience and attract new potential followers and buyers.
There are two great blogging platforms that have huge followings – Blogger and WordPress. Both are free
Blogs show up in search engines. Blogger is the Google service, When someone does a search on your product or service, Google will look at content on blogger first.
If you have an active blogger account that is updated regularly your blog is more likely to be higher up the search engine rankings.
Hosting Downloads
Dropbox is free and a well-known way of sharing content. It can be used to host any shareable content for an online business It’s Free..
Store you content online with dropbox and clients can access the information at any time. This makes the business work 24 hours a day.
It’s also what is known as Passive Income, in that you don’t need to be around for sales to happen.
Start an Online Business with No Money
It is easy to find products, business systems and advertising platforms with no money.
Starting an online business is no longer a dream, it is a reality. It can be started with zero money, just some time to set it all up. Now you have the tools to start an online business for free.
An online business can run alongside a job, be worked on for an hour or two per week and be making money very quickly. Once income gets to a predetermined level it’s easy to give up the job and focus on building passive income.
Affiliate Marketing – A Guide to Making Money Online Book will take you more in-depth into starting and building an online business. It is available through Amazon Stores.
Online Entrepreneur is a weekly newsletter with tips for growing an online business.