Every year millions of people attempt to start their own business. Many perceive being self-employed as the epitome of the American dream, but many individuals who want to start businesses don’t have any startup capital, so in hopes of not having to borrow money, aspiring entrepreneurs are seeking how to start a business with no money. As a small business owner myself, I can honestly say that, unless the Lord wills me to, I would never wish to return to corporate America. I absolutely love being able to be at home with my family running my own business. Now, while I’m sure many others would share my affections for being an entrepreneur, the perceived cost of starting a business is enough to deter aspiring small business owners away from such an endeavor.
Well, my friend, if cost is your only deterrent, let it not be because there are ways to start a small business with no money down.
Let’s first tackle the issue of licenses and permits. When you first start your small business, you probably don’t need to incorporate. Unless you’re entering into a profession which requires a very special kind of license to operate like a building contractor or an insurance adjustor, you can probably get by with a simple permit or state license for doing business. In many cases, getting a license or permit can be completely free as you are simply registering your business within the area which you plan to do business. To find out exactly which permits or licenses you are required to have, you’ll want to contact the secretary of state for your state of business and even the local city hall to inquire about local licenses and permits that may be required.
Alright, enough about that. Once you have the proper licenses and permits to operate your business, you need to get customers. Now, needless to say, there is always word of mouth, but there are some better ways to advertise for free. Now, there are some great paid forms of advertising, I won’t discuss those here since we are focusing on how to start a home business with no money. Regardless of whether your business is internet-based or not, you need to “be online.” So, you need a website. There are many companies offering free websites like Wix, for example. You’ll have to build it yourself, but they provide you with an easy to use template. All you do is plug in the photos and text you want, and it’s absolutely free. Next, you’ll need a name for your site, and what’s called hosting. The name or “domain name” would be like www.yourcompany.com, and the hosting is simply the internet space your site uses. You’ll need both, and I can show you how to get a free domain name and hosting for your site.
Once your site is established, the next area you’ll want to continue to focus on is advertising. Google offers some great ways to market your site absolutely free which helps us to stick with our theme of how to start a small business with no money. The first, and the easiest to set up, is Google Places. Google places is completely free and allows your business profile to appear when someone does a local search like “plumbers Dallas, Texas.” Google Places results are the results that have the little red flag next to them that you see on the first page of Google. Google Places also goes by the name Google Maps. Google places is a great way to get to the top of Google for free and will certainly keep you on track when you are seeking how to start a business with no money down.
Another great way to advertise your business for free is to get your website ranked high in Google. While this process takes time, once your site is ranked well enough for people to find you, all the traffic you get is absolutely free. If you’d like to learn how to get more free traffic to your website fast and free, this site shows you how to do that as well.
Okay, so let’s talk about a few other things you may need for free when seeking how to start an online business with no money. Let’s look at a few things like a phone system, credit card processing, and email addresses. First, let’s talk about phones. When you are starting out, you don’t need a fancy phone system. You can easily just use your cell phone. Just make sure you have an appropriate voicemail greeting. Having no voicemail greeting or having your 3 year old create your voicemail greeting will not work. For credit card processing, I would recommend starting off with Paypal. It’s free to open a Paypal account, and all you have to do is email a client a custom invoice you create via Paypal, and they can pay through their invoice. Easy enough. For emails, you have several options. If you decide to pay for hosting, a lot of hosing companies will give you email addresses for free. Check with Bluehost. They may offer that. Another alternative to getting free email addresses is just to use the email services offered by Google. Gmail is very easy to use, and it will work just fine for your new business.
While every business is different and unique, and while each may require different necessities to get started, implementing these free tactics will help you learn how to start a business with no money. You will be able to get exposure, gain clients, and make money without spending any money.