Many people may ask, how is it possible to start a business without capital? From our previous article we discussed ways to get money to start business. These ways may fail to some individuals. Here are some of the ways you can consider to start a business without capital or with very little startup costs.
1. Start a service-based Business
Service based businesses require individual abilities to do things. In most cases, these businesses are from a person’s hobbies and talents. For example, you can be a fitness coach or a house cleaner. You can also run a business over the internet which require minimal cost to start. Some creative businesses like software, graphic design or app development just require a computer to start.
2. Sell Digital Products
You can design some courses or produce music that can be downloaded. You can sell them on Shopify
This hot business idea means that you sell products that are made, stored and shipped by a third party such as Alibaba. You can set up your own low-cost online store using sites like Shopify. You then curate the products sold and focus on marketing and excellent customers service to make your shop stand out.
It’s simple and free to publish your own eBook or print book using services like Amazon. You can hire people to format your book or design covers on Fiverr and can hire Freelancer ghost writer. hire ghostwriters.
You can use products from third parties and customize them with unique slogans or art. T-shirts, mugs, tote bags, cell phone cases and hats are just some of the items you can customize.
It is therefore clear that a person can start a business with no capital. From the above list, you can choose one that can work for you. Get started.