Tuesday, June 22, 2010
How to Start Business with almost no money
Instructions
#
1) Identify something that people want and will pay for.
Remember, you don't necessarily have to run this business the rest of your life. If you're someone without a business, but would like one, your first step is to get a profitable business going. Once you have that security, you can always start other businesses down the line.
I suggest to aspiring entrepreneurs to look first at things they either love or know about. These are the most likely ones that you'll be able to successfully market. If you can't find a product or service that you think people will buy in this category, then I suggest you choose a relatively simple product or service that there is a large demand for. Some examples are a house cleaning or maid service, a book keeping service, a lawn service, travel agency, resume writing or a painting company.
#
Step 2
2) Find a Way to Supply It.
This step just requires a certain amount of business common sense. If it's a service, then you would either supply this service yourself or hire someone who can perform the service. Remember, you don't need to be capable of carrying sofa beds to be in the moving business. All you need is the ability to hire people that can and to be able to either buy or rent a truck. If it's a product you're going to sell, then you need to seek out suppliers that will sell to you at a low enough price for you to be able to make a profit. The best ways to do this are to either get volume discounts, or get raw materials that you then add value to. For example, if you'd like to sell book shelves, but don't have the capital to buy a large quantity of book shelves to receive a volume discount, maybe you can buy the lumber and then build the shelves yourself.
#
Step 3
3) Sell it to the People that Want It
Naturally, the nature of the business you're in will dictate to at least a degree how you sell or market your product or service. There's a very good chance that you may end up marketing using more than one method. But, in order to get your business going you should choose one or two methods and do a test. By doing a test you'll minimize your risk. In fact, you should do this test long before your invest too much time and capital. Once you have people ready to buy, you can make the needed expenditures.
Read more: How to Start a Business With Almost No Money | eHow.com www.ehow.com/how_2153143_start-business-almost-no-money.html#ixzz0rakn1grn
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment