this post was submitted on 28 Nov 2023
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Basically, my question is the title.

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[–] Due_Tomatillo_8821@alien.top 1 points 1 year ago

No you cant be an Entrepreneur without money. You can sell your Skills without money but its Impossible to start a Business without 1 Dollar.

[–] LearnSteel@alien.top 1 points 1 year ago

Well it can be done but it is very tricky. My last company was started with very little money. It started as a free discussion group that was very exclusive that i ran without charge for 7 years. When i decided to start a new business, i just told everyone that the thing that they were getting for free was now going to cost them $20 a month. I had a 90% plus uptake rate so overnight i was making 10k plus a month. But i was well known in the industry i launched it in.

[–] TheRahmanEffect@alien.top 1 points 1 year ago

Entrepreneurship is just a mindset most of the business doesn't need any money in the intial stages.

Go start your own business 🙂

[–] Gramooth@alien.top 1 points 1 year ago

Basically, you can't.

Jokes aside, the most cheap option is to learn coding and building something with it.

[–] frailFalcon345@alien.top 1 points 1 year ago

Start selling your services. Create a page or a website! There are tons of ways..

[–] heytherefreeman@alien.top 1 points 1 year ago

you can dropship on TikTok shops, pay for goods using a credit card, then pay off the credit card balance once a month with tiktok shops payouts, while building your capital. Technically this will be $0 starting capital if you have a credit card.

[–] Gilsong719@alien.top 1 points 1 year ago

I started my business when I lost everything in 2008 and ended up basically homeless. We decided to start a business in cleaning offices. Got a random Job and made a bit of cash to buy a broom, mop, and a few cleaning supplies all under 100 bucks.

Went to knock on doors and finally after 100 no we got a yes. Our first office paid us 400 dollars a month to clean 5 days a week. It would take us around 30 min but we were so happy we had a customer. 2023 our business is a Corporation that brings in half a million dollars a year. Hope this helps give some encouragement.

[–] Sumif@alien.top 1 points 1 year ago

You need capital. Capital isn’t exclusively money. Do you have a laptop? You can make money with a laptop (design, web design, copywriting, so much more).

[–] shawnryanrandleman@alien.top 1 points 1 year ago

Money doesn’t make an Entrepreneur period, It’s the skills that you bring to table! Those skills value is based on your workmanship but more importantly the audience and environment in which you present them.

Example: A StarBucks Latte in Norfolk, Virginia cost less then a Latte in Time Square in New York City.

The best example is a 20oz bottle of Coke Cola is $1.25 in locate convenience shop in Auburn, Alabama, $2.50 in Brooklyn, New York, $3.50 at most major airports and $4.50 at most amusement parks. Same product different audience!

[–] GoatMaleficent1113@alien.top 1 points 1 year ago

I sent you a DM!

[–] 10lbplant@alien.top 1 points 1 year ago (2 children)

Have an idea or skills so good that people want to throw money at you.

I like your thinking on this

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[–] Shasty-McNasty@alien.top 1 points 1 year ago (18 children)

Welcome to capitalism. Sell your labor to the highest bidder until you have capital. Then you may begin playing.

[–] Medical-Ad-2706@alien.top 1 points 1 year ago

Not true. Selling someone else’s labor is better

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[–] TourApprehensive2155@alien.top 1 points 1 year ago (3 children)
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[–] rickwap@alien.top 1 points 1 year ago (1 children)

You need a vision, a goal to achieve. Something to work towards. The money, at the beginning, is irrelevant. It’s the hustle that makes you an entrepreneur. If you continue to hustle towards your goal/vision, the money will follow

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[–] sevenquarks@alien.top 1 points 1 year ago

you can start onlyfools

[–] DavidHallack@alien.top 1 points 1 year ago (7 children)

Start with affiliate marketing, learn how to move product.

Then build the skills, connections, and capital to make your product and move it.

[–] SaaSWriters@alien.top 1 points 1 year ago

This is an underestimated approach. If I could go back in time, I’d have take affiliate marketing seriously.

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[–] cheesypuff350@alien.top 1 points 1 year ago (1 children)
[–] Creative-Midnight727@alien.top 1 points 1 year ago (2 children)
[–] cheesypuff350@alien.top 1 points 1 year ago

It’s a niche platform with a strong foothold. Kinda like selling farts in jars with rose petals but all you need are feet, which might be better if you can’t afford jars yet.

[–] RossDCurrie@alien.top 1 points 1 year ago

Onlyfans for feet

[–] pndjk@alien.top 1 points 1 year ago

You probably need some hard skills in order to do so. Usually hard skills are the expensive part of being an entrepreneur.

You will also need some sort of vision, but you don't need to execute it entirely yourself: You just need to be a good communicator and be able to make other people "see" your vision. A film director isn't physically setting up lights, sewing costumes, and operating the camera, but they know how to communicate the idea in their head to everyone else in order to achieve it.

Welcome to the fun my friend

[–] pyfinmo@alien.top 1 points 1 year ago

The short answer is: it is incredibly challenging. Pretty much everything you want to start is going to cost some amount of money to get going. The way I see it is that you have a few viable options: borrow/raise money from friends and family that believe in you, get a job where you can save money (or work your way up until you can), or find something that you can sell to bring in extra money while you work. Learning to sell will be the most valuable long-term skill you can acquire unless you go the route of becoming an expert at building technology. Whatever it is you do, dedicate yourself to it completely. Entrepreneurship is an all-in lifestyle. If you aren't prepared to give it everything you have (sacrificing time, relationships, short term financial gain, etc) it will be nearly impossible to succeed.

You drink...??

[–] mrvelvet_billions@alien.top 1 points 1 year ago (1 children)

Successful Business has

  1. Product - You need to have an eye on product development

  2. Distributon - This is your Marketing - WHO your ICP is and HOW you can target them and What will make them buy your product.

  3. Sales - Your sales funnel and how you close your customers.

This is the triangle you need to have to go from 0 - $10k.

  1. Identify a market/Niche.

  2. Identify problems/pain in the Niche

  3. Build solutions that solve the PAIN.

  4. Define your ICP

  5. Target your ICP

  6. Build a Sales Funnel

  7. Marketing - getting your customers to your door

  8. Sales - Closing your customers once they enter your door.

Now, youtube or read books on every topic I mentioned.

Books that I recommend.

  1. The E-myth Revisited - this will build you a great foundation for your business, you'll learn how to set up systems in your business.

  2. Building a Story Brand - this will teach you how to talk to your customers in their language which builds an emotional connection with them without sounding salesy.

  3. Dotcom Secrets - This will teach you how to build sales funnels.

  4. Traffic Secrets - this will teach you how to bring the audience to your landing page/website.

  5. This is Marketing - This will teach you A-Z about marketing.

  6. Gap Selling, Spin Selling, Zig Ziglar Secrets of closing sale - This will teach you everything about sales, TBH sales is a skill that you learn throughout your lifetime to master it. Read many books and learn persuasion.

All this took me 6 years to learn while building a business, I've made a lot of mistakes along the way and that's also a part of my learning process. Start your business today and learn all this along the way.

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[–] Deni98m@alien.top 1 points 1 year ago

Try a service based business online, basically sell your skills online. You will need to outreach to people via : email, direct messages, because you won't use any capital for marketing and advertising

[–] Status-Effort-9380@alien.top 1 points 1 year ago (1 children)

At a workshop I attended, the speaker said the cheapest business to startup is a cleaning service - you just need a few cleaning supplies.

[–] RossDCurrie@alien.top 1 points 1 year ago (1 children)

Did that speaker sell cleaning supplies? Or courses on how to start a cleaning company?

[–] Status-Effort-9380@alien.top 1 points 1 year ago

It was a free workshop on business startup. The speaker went on to share about a person who has started up a cleaning business by investing in new branded vehicles as an example of how not to start up a business. The point was, get out and hustle and make money. Don’t put money into branding and expensive equipment before you have built up a clientele.

[–] T_R_I_P@alien.top 1 points 1 year ago

Gain a skill and make businesses/stsrtups with that skill. Coding is one example but there are others. Or find a way to make more money first jobs etc

[–] TheHunter920@alien.top 1 points 1 year ago

Content creation. In most cases you don’t need fancy equipment to start creating digital content, from websites to photo editing to basic video editing

[–] SaaSWriters@alien.top 1 points 1 year ago

Entrepreneurship is about solving problems with the resources you have. Sometimes you have to solve a series of problems to get to what you want. Maybe that problem is not having money. So you solve that first.

In other words, it you are solving problems, to make a profit, and to create value you’re an entrepreneur.

So you don’t need money. You need to be resourceful.

[–] Doors_N_Corners@alien.top 1 points 1 year ago

Others have said this but sell the commodity you have - time. Start with something simple with low cost entry, like mow people’s lawns with their lawnmower and other tools or clean their house with their cleaning products and vaccum etc.

[–] eXo-Familia@alien.top 1 points 1 year ago

There are other resources in the world besides raw money. Find and use what's available to you. Physical labor around your neighborhood or community can be done without any money. Like dog walking, or car washing if you have the supplies already on hand. Use what you have already or use what you know. I know people who are entrepreneurs and all they posses is a smartphone and that's enough sometimes.

[–] Recent-Project757@alien.top 1 points 1 year ago

If you have any skills then use those

[–] AnonJian@alien.top 1 points 1 year ago (1 children)

Realize what is causing a dysfunctional relationship with money -- then end it. The people here will all tell you an 'entrepreneur' is one who starts a business. Entrepreneurs are ingenious largely self-reliant decision makers first and foremost. The decision to start a business is one of many.

If (if) money flows through your fingers like water, that won't change -- starting a business makes that worse. A business is not a magic money machine. And an entrepreneur is no get-rich schemer.

In a larger, philosophic sense, entrepreneurs make money. They do not 'get paid' as an employee would, they are not 'given' a job as such, they carve out a share of the market. To a disturbing many here, this whole paragraph means absolutely nothing. Just as the concept of "value" online is nil. Entrepreneurs create value. Collecting the money is a follow-up task.

If you want to be an entrepreneur, start by not having this question.

[–] RossDCurrie@alien.top 1 points 1 year ago (1 children)
[–] AnonJian@alien.top 1 points 1 year ago

Thanks, zombie.

[–] asuka_rice@alien.top 1 points 1 year ago

I saw a thread were someone made £5k by advertising custom AliExpress jewellery items on Etsy. Although against the T&Cs of Etsy, it’s a zero money startup business.

[–] Ok-Condition-4106@alien.top 1 points 1 year ago

Sell your money-making ideas

What do you mean, that's 90% of all modern Entrepreneurs

[–] Chillchillchill999@alien.top 1 points 1 year ago

Print on demand, marketing on your social media. I think so

[–] GoodyTwoKicks@alien.top 1 points 1 year ago

You don’t lol.

As the old saying goes, you must spend money to make money. Or at least spend time to make money.

Find a way to make money. A job, a craft, a side hustle, anything to gain currency.

Once that’s steady, build your credit. Put some of that money on secured credit cards and keep them under the credit utilization rate.

After your score goes up, you then can figure out how you wanna start your career as an entrepreneur.

You’ll be eligible for certain business loans if not on the right track to growing your businesses from the ground up.

But before you do all of this, figure out what business you’d like to enter to become one and stick to it.

[–] ProHydra@alien.top 1 points 1 year ago

Leverage other people's skills and other people's money. Everyone does it to some extent.

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