Earlier we have covered top 10 waystoearnmoney online without any investment but now I thought to earn money online is not that easy and of course nothing is easy in 2019 but what if you can start business in offline market as well as on online market, in this way you will earn money from both the side and if in case something happened to one business then you can cover those loses from another business.
So today we gonna talk about How to start Business without no money in 2019. When I said no money means, you will need to invest a little bit of money. So let’s dive into…
How to start Business (Key Points)
- Why you want to start Business
- Do Research
- Finance Plan
- Write Your Business Plan
- Build a Team
- Choose Business Name & Register with the Government
- Select a platform
- Start Marketing
- Grow Your Business
- Get a Feedback
- Be Patience & Discipline
Why you Want to Start Business
One of the most important questions you need to ask your self is why you want to start a business? because if you are only staring a business for money then you will not gonna make much money out of your business.
So First, find a purpose for your business. Right now in 2019, we can buy anything from online without wasting any time and this become possible because of the Amazon, Flipkart, Alibaba express, Banggood, and many other E-commerce websites.
Those websites are very popular right now because they did something new and apart of that owner of those websites see the need.
So what I saying here, find a business where you can help the people. Once you find the purpose or idea then your business will grow rapidly.
- Find Purpose
- Do Research, what people are looking for
- Learn from other competitors
Once you find out why you want to start a business, after that you can do research on your business idea. For example,
- You can read a book
- See what your competitors are doing
- You can take an interview with businessmen
- Read an article on the internet
- Watch videos on YouTube
There are lots of ways to learn about what you want to do, you just need to type perfect work on Google. For example, if you want to start a real estate business then go outside and meet a person who already in the real estate business, ask him how he started a business? how much money did he invest? What he did when he failed?
As I said there are lots of ways to learn about your business plan, you just need to research properly.
- Meet people who already doing business
- Read Books
- Don’t hesitate to ask
- Make a keynote out of your Research
Write Your Business Plan
After you finish the research, make sure to create a proper presentation out of it. Presentation is the main part of your business because whenever you visit another company they will ask for your business plan, and when you already have all the data in one single document then it will be very easy to represent a front of your investors.
To make a business plan. it’s not that easy but once you start doing it you will learn it.
For example, if you want to make an omelet then it’s obvious that you will search on YouTube ” How to make omelet at Home”. Exactly like that, you can search on the internet, meet a people who are doing business, talk to people “what kind of issue they are facing”, Read a book (at the end of this article I suggested some of the best books for new businessmen, so make sure you check those out).
For Presentation, you can use Microsoft Word or any other software you like.
- Do proper research on your business idea
- Make sure you create great Presentation
- Meet people
- Take action
No matter how much you work on your business but if you don’t have money to invest in your business then there nothing you can do about it. so first, make sure you have enough money to start a business and it always depends on your business plan, how much money you will need to start a business.
If you are going to start a product shop in an offline market then you will need to invest in Product, shop rent, employee salary, Product maintenance and so on…
So first do research on your business plan, How much money it will need?. Here is some of the source you can try if you don’t have enough money,
- Take a loan from Bank
- Do partnership with your friends
- Announce Share of your company
- Find people how will invest in your business
I know when you start a fresh new business it will be difficult to find a people how will invest money in business but you need to present your business plan in front of all the people perfectly, so they can believe in you & your team.
So make sure to build a proper presentation of your business plan and execute in front of investors.
- Learn communication skills
- Build a presentation of your Business plan
- Don’t sit back, if you fail in the first try…
Build a Team
No matter what you do in your business but if you don’t have a good team then your business will not gonna grow faster. So find people who are interested in your business plan & who can work in compnay, not for money.
There are lots of ways you can build a team for example,
- Start a Facebook ad campaign
- Put an advertisement in a local newspaper
- Hire people from your family
Having a good team is really good for a company, so make sure you hire people who have good experience in your business field. In the beginning, if you don’t have enough money to hire lots of people then you can always hire interns.
As I said having good team members is good for the company but having faith in your team is really important for any company because if something happens in your company then you need to take responsibility and teach the team what they did wrong in the first place.
So those little-little things will really help the company & team member or employee to do well in the future.
- Hire a team who has good experience in your business field
- Hire less people but hire experienced people
- Have faith in your team
Choose Business Name & Register with the Government
Registering company with Government is not that easy because we all know how India government system works right but yes you will need to register your company name & get GST number because GST number is a most important part in any company in 2019.
If you want to know how to register a company with the government then you will find tons of article on google & videos of YouTube. Still, if you have any question then feel free to ask us in the comment section below.
I really want to show you how to register a company Online as well as in offline but I think it’s a totally separate topic but don’t worry we gonna cover this topic some other day, that’s my promise.
Selecting a platform is depends on your budget. For example, you can sell products in your city only, or in your state only or you can sell your product all over the world. As I said it depends on your budget right.
But I gonna suggest you start with your hometown and see how your business is working and if it growing fatter then, later on, you can expand your business.
Suppose you have done everything to run a business but if you are not investing money in Marketing then you will not gonna earn much out of your business. Marketing is the best tool to grow business and it’s not easy but it’s not that hard to learn.
Here is some of the platform you can use to market your business,
- Facebook Ads
- Google Ads
- Twitter Ads
- Contact to Youtubers
- Pay website to write a blog post
I think you all know about VIVO & OPPO mobile companies right. They have invested millions of money in advertisement and now you can see they don’t need to market because people know you those brand from the huge heading, advertisement everywhere, the big ambassador name, huge cutout in product selling.
So what I am saying make a budget for marketing as well because most of the people who have started a new business they don’t invest much money in advertisement.
Grow Your Business
Now suppose your business is earning money & making a profit as well. And this is where most of the businessmen make mistakes because when businessmen are making a profit from the business then most of the people don’t think about to expand their business in other city or states.
And that’s why other new businessmen come s in the place. So if you are making a profit out of your business then take a little bit risk and expned your business in another city or provide something new to the customer.
Here is some idea you can apply to your business,
- Start a membership program
- Start home delivery service
- Announce annual sale days
There are lots of things you can do in business if you haven’t started a business yet then don’t think too much and start from now, once you get into his field you will learn everything automatically.
I think we all know what feedback means right, so I’m not gonna talk too much about it.
No matter how big your business become or how small your business is, don’t ever underestimate the consumers. So make sure to take feedback about your business from your current consumers.
Be Patience & Discipline
Now I think I covered all the thing you need to know about “How to start Business”. But one thing you need to learn from your experience & from your self is Patience & Discipline because in business all days are not going to be the same.
So you must have to control your self when anything bad happened or something doesn’t work. Now I’m gonna alive you all with this beautiful quote.
“Every great dream begins with a dreamer. Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world” – Harriet Tubman
I hope you start your new business very soon. Have Great Day