How to Start an Internet Business without Capital
I often meet new Internet
marketers on various forums and they aspire to earn the big bucks like some of
the well-known personas out there, such as Yanik Silver and Bryan Kumar.
However, most of these new marketers have only the slightest ideas on where to
start, and a lot of them are not willing or able to invest a startup capital in
their online business. However, it is almost impossible to start an Internet
business without spending some money on basic infrastructure such as web
hosting, domain names and so on. Hence, here is a rough guide on how to build
an Internet business starting with $0.
The first and most
important thing to do is to list out all your skills. What skills do you have?
You may have picked up these skills through daily life (for example languages),
through your job (hands-on knowledge on a specific niche) or from your hobbies
(for example fishing). It is most vital to list down skills or knowledge that
you have and might be in demand elsewhere. For example, you love fly-fishing
and you do it every day after work. You may build your Internet business upon
this: writing an instructional guide on fly-fishing, teaching people how to do
it, etc. Best of all, you do not need to spend money to acquire this knowledge:
you already have it.
So, the very first option,
if you have no money to start off your online business, is to earn some capital
using your already existing skills or knowledge. You can give tuition to
students on your dominant subject in college, you can teach stuff about your
hobby to people who are interested, you can write guides on knowledge or skills
you picked up through experience and cannot be found in theoretical books.
Okay, let's say if you just can't think of any skills or knowledge that people might be interested in. Then, it's most important that you locate a workable business model and focus on that alone. You can obtain almost everything you need through bartering, web hosting, domain name or credit card processing, to name a few in exchange for your product (if you own one) or services like copywriting, ghostwriting and website designs. There is always some mundane job that people don't want to do, and you can do that for those people in exchange for things you need. You just need to ask for it!
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