How to Start a Business with Little or no Capital
Gone are the days when you would only have to invest a huge sum of money before you could start a business. These days, you have unlimited business opportunities at your doorsteps to start up somewhere or with something even if you don’t have much at hand.
With little or no capital, you can start your own business and become prosperous even without stealing or cheating on anybody at all. As long as you are sincere with your customers, success is guaranteed in the long-run.
In this article, we shall be considering businesses you can invest into that will yield hundreds of thousands of Naira monthly for you even with little or no capital at all.
I would like to divide these businesses into two main categories:
- Online Businesses
- Offline Businesses
Online Businesses: How to Start a Business without Money Online
Are you interested in starting a business but without any cash at hand? Let me show you the possibility of actually achieving this in no time through the following steps:
- Create a free blog on WordPress and start promoting self-products and other people’s products
- Monetize your blog
- Start freelancing
- Start an online registration business using your own personal computer
Create a Free Blog on WordPress and Start Promoting Self-Products and other People’s Products
If you’ve heard about WordPress before, you should have known that as a great and super blogging platform mostly used by top affiliate marketing communities and online entrepreneurs in the online world. It lets you start blogging without spending a dime and customize your blog once you’ve published enough articles on it.
In order to get approved for Google Adsense, your articles must be original, unique, compelling, highly-engaging, informative and remarkable. Once you can work on this and let traffic grow a little bit before you submit your application at all, your approval is guaranteed once.
When you’ll have started earning revenue consistently, you may consider upgrading your free WordPress blog to a customized one for better user-experience and higher Google rankings. This will be necessary because customized sites get better rankings than free hosted sites, though the free ones can earn revenue as well.
Monetize Your Blog with Google Adsense
As stated above, once you’ve written and published a few articles of high quality, it’s time to monetize the blog and this costs you only little or no capital. This is simply what Google loves. This is part of what makes Google approve your applications once.
Aside from monetizing your blog with Google Adsense, you may also monetize it with special services such as writing, translation, logo design, branding, and lots more.
Once you’ve known how to package yourself well for those services, making cool and consistent online revenue is guaranteed.
Freelancing has become the final choice of most newbie and veteran struggling bloggers out there today as this is an easy way for anyone at all to earn some extra income pending the time your blog rank well for consistent revenue.
Are you passionate about freelancing? Do you have some time to spend freelancing at all? If yes, then consider yourself earning some regular extra income online working from the comfort of your home daily, weekly and monthly.
There are numerous freelancing opportunities out there awaiting you. So, get up and start freelancing. This only costs you little or no capital.
Start an Online Registration Business Using Your Own Personal Computer
The opportunity is as wide today with the online registration business as no exam is applied for offline any longer. With little or no capital, you can start this business and become highly prosperous in a lifetime.
In Nigeria, for instance, we have a number of public exams such as SSCE, UTME, Nursing exams, Post UTME, Pre-Degree exams and lots more. Registration for each of these examinations is done fully online. So, you can start this business using your personal computer. You’ll only need to connect to internet via dial-up connections or using your personal internet modem.
I would like to give a guide on how you can start your offline business through the following ways:
- How to start a business with your talent
- Best business to start with little money
- How to start a business with bad credit
How to Start a Business with Your Talent
Are you talented with something you identified very well? Do you have a special expertise with which you can start making some money even if you don’t have money at hand at all? From experience, I’ve come across certain people in life who were so endowed that they can do certain things from their natural potential and make money with it even without spending a dime at all.
Common talents I’ve come across which help so many talented people make money free include the following:
- Bead making
- Dry cleaning
- Hairdressing (without the use of any machine).
Best Business To Start with Little Money
While talking about the best business you can start with little money, it isn’t easy to determine as individual differences are involved here. To some individuals, tutoring might be the best, while to other people, dry cleaning might the best. As I personally love and have so much passion for teaching in the field of Mathematics, I would say tutoring is the best business for me.
With little capital, you can decide on just any favorite business and soon start making cool and consistent income in a lifetime business.
How to Start a Business with Bad Credit
If you have a bad credit, you may feel dejected thinking you can’t run any profitable business in Nigeria, whereas this is not real so far you’re determined and can be an action taker.
Motivate yourself by remembering those people out there who were once in your shoes, but who have gained grounds today financially.