Starting a business is an exciting venture. If you have a business idea that has been on your mind quite often, we’re willing to bet you have a Pinterest board dedicated to it. These beautiful images on your board would usually need a huge capital to get. Even if you’re scraping the bottom of your piggy bank, here are some ways you could start your dream business and earn more with less capital.
Start Selling Services
To start off your business, try picking a line that involves zero to little spend. This usually means a service, and you will utilize either your skills or what you already own. This could come in the form of selling your own assets. You can become a blogger with your great writing skills, or you could become an Uber driver with your 2-year-old car. It’s all a matter of stepping out of the box and figuring out how what you already have and own will make money for you. It’s not just you who will have to work hard – you will have to think outside the box and bring everything you own into a creative master plan.
Start a Funding Campaign
If you have an out of this world invention or product, even research and development could cost so much money. Why don’t you hack out a working prototype and show it to people who you think will be interested in the product? You will be surprised at how many people are willing to fund a few dollars to see a great idea come to life. Imagine the kind of scale you will acquire when you’ve impressed thousands of viewers? Posting your business idea online won’t hurt – just be sure you’ve already got a copyright on it!
Exchange Products or Services with Suppliers
Need something for your business dearly from a supplier you have a good relationship with? They might just consider a barter agreement if it’s something you could discuss. This was the currency of the ancient times before bills and coins were invented. Maybe you are furnishing your graphic design business’ office with the help of a local friendly carpenter. He might be willing to throw in another desk set in exchange for a great logo and poster for his business. It’s a give and takes relationship that could work!
Use “Word of Mouth” Marketing
Converting passers-by into real paying customers is the job of sales and marketing. That’s why multinationals sink so much money into screen time and billboard ads. However, today’s social media focused generation means that people would pay more attention to what is on their Instagram feed.
Set up a free Facebook page – there’s no need to pay for sponsored posts at this time. Ask everyone you know to share your posts and comment on your page. Any kind of noise will bring your content (and name) up to mutual connections. Playing the social media marketing game smart even on a small scale will guarantee great business leads without spending a penny!