Previously, creating a business necessarily meant investing before you could even sell a product or have your first customer: you had to pay for market research, find partners, design and produce your product, manage a stock, without forgetting to have a small capital for the company.
Nowadays, however, it is possible to create a business without money or personal contribution. There are several solutions that allow you to start an activity by investing only time.
And we'll see how to do it later in this article.
Create a Business Without Investment, it is Possible?
You no longer need starting capital?
First of all, we must know that there are now several business statutes that do not require any starting capital.
Among these, the status of auto-entrepreneur, which has the advantage of not costing you money until you report a turnover (it suffers from other defects, but this n is not really the subject).
You do not need to make a product!
If you are creating a service business, you do not need to create a product or spend money.
On the other hand, if you prefer to sell a product, then you can opt for a digital product.
A real market for digital products has emerged with the development of computers and the internet. The advantages of digital products are numerous: no cost of production, no storage cost and no distribution.
Creating a digital product is only going to take a lot of time, but you can sell it on a website and get automatic and recurring income!
You can sell BEFORE designing your product!
Another possibility is to pre-sell a product.
This very effective method involves bringing together a group of interested prospects around a solution of your design.
Too bad if this solution is not created!
You can make a promotional price to your customers who pre-register and who will allow you to finance your solution.
This method is also perfectly suited to the sale of seminars: sell listings, and only once you have reached a sufficient number of customers, find a room and the equipment you need.
For online training, you can do the same thing: only create the start of the training and continue it only if you have enough clients.
Whether for a training or a seminar, if you do not have enough customers, then you only need to pay back those who have already paid.
How to further reduce the costs for your business?
In addition to all this, you have at your disposal other ways to reduce your implementation and operating costs :
1.Work from home, so you do not need to rent an office or workspace. In addition, you have no transport to pay, which represents a nice economy.
2.Do not start having your first customers!
Of course, depending on your business plan, it is not necessarily possible to apply these tips.
However, since this site is aimed at web-entrepreneurs, it's a safe bet that most of you can without worry start their business without spending money, except in a domain name and accommodation, in exchange for some investment in time.
Finally, if you are an employee, do not put everything in order to get started on your project but keep both activities for a while, at least to see if your project works or not.
And what are your methods to reduce your operating costs?