Starting a Home Business With No Money Down?
I'm sure that you've pondered the idea of ??starting your own home business at one time or another. Maybe you do not have a lot of money to invest, or maybe you do not want to invest anything at all!
I will tell you this … You will have to invest something … Weather it be time or money, you will need to invest with one of the two options. Preferably, Not Money!
Yes, it can be done, a business start up with little or no money down, and I will explain how this can be done. You could read about start-ups our get rich quick schemes in your trusted business magazines, but unless you are willing to dedicate your time (or money) to someone else's ideas, maybe you should take a good look at yourself!
What are your passions and hobbies? Do you have a niche idea or are you an expert at anything? Maybe you just like to buy and sell on eBay but always wonders where the merchants get all of these products from. If any of the above applies, then you can start your own home based business for little or no money at all!
Let's look at what the minimum cost would be if you were serious and wanted everything legit. There is the cost of obtaining an assumed business name ($ 5), and to complete the process, you would need to have a public announcement in your local paper for 3 weeks ($ 75- $ 200) … That's it! Do you want a logo? You can design one yourself online for free. You're in business! Of course, always get a tax ID number, and it's good to have a DBA account at your bank. This will let you have checks made out to your business rather than your personal name. One other thing to check out is merchant accounts, so you will be able to accept credit card payments. Paypal has a very good merchant program in place.
Now you're legal and ready to do business!
Find a Niche, Product, or Service
What are you good at or what interests you? Maybe you already have all of the tools to perform your service. If you are into Technology, find a good wholesale merchant where you can get items at wholesale and sell them at retail. Tying in to the wholesale concept, try finding one that dropships. When this happens, you keep no inventory .. When you make a sale, forward the payment with your customers info to your dropshipper. They in turn will ship out the product to your customer … With your business info on it. Some of these wholeasle / dropshippers have a fee structure, but there are plenty that require no membership. The best way to do this is contact the manufacturer directly (of the product that you want to sell) and become a direct dealer.
Of course you will need to set aside some budget for advertising. If your service is local, the best place to start is with your local papers. If you are selling a general product, online is a great way. Get a website with good SEO, sign up as an advertiser in an advertising network, promote on free online classifieds sites, or just link your page wherever you can. Once you have established your product or service, it is up to you to dedicate yourself to promoting it for optimal results.
As you can see, the best home business for you can be achieved with little or no money down, and some time. There are plenty of free tools online to help you with this. Good Luck!