You might not have enough capital or no capital at all when you want to start a new business. But it shouldn’t stop you. There are many things you can do when you have no capital.
1. Make something
You will incur some initial cost when making something. But you can sell these products quickly for a good amount of profit. For example, you can sell candles or organic goods in Abe’s Market; you can make homemade stuffs and sell it in Etsy; you can also sell your items in eBay. You can sell your products on multiple platforms in order to get the most exposure.
2. Resell something
Instead of making something yourself, you can resell them. You can do this through a number of channels. You can set up an online store with the help of ecommerce platform such as Shopify. You can find interesting items in antique stores or garage sales and resell them online.
3. Sell services
You can start selling services instead of products. You can choose a service depending on your interest and background. You need to have in-depth knowledge on the service you are providing. You need a good branding plan so that people know who you are. There are some good places where you can promote your business for free, like Elance, Fiverr, Craigslist, etc. You can also have a business website where you can write about the services you provide.
4. Use low-cost services
You can use low-cost services to market your business. For example, you can advertise your business on Elance or Fiverr for free. You can get works such as logo design for your company from freelancers who will charge you a lot less.
It requires great passion to start a business. If you do something you enjoy, then you will find a way to make it a successful venture.