How To Start A Business With Limited Or Zero (0) Budget

When you’re tired of being a corporate slave, oftentimes your mind wanders off and imagine things like, “What if I’ll start a business of my own out of unread spam letters?”

So, what keeps you from obtaining these goals? I’ll tell you what, and it’s one of the most common problems that everyone faces.

One of the hardest obstacles for any new entrepreneurs (or veterans of the game) is having a limited budget. It’s that invisible wall of resistance that stops most would-be entrepreneurs right before they even start a business.

Imagine this young and hopeful boy who is having his first crazy business idea while painting their fence. He thought to himself, “If my parents are paying me $5 to paint our fence, how much do our neighbors charge for their fence”?

Looking at his surroundings he saw that it’s not just fences that need painting, there are also roofs, walls, garage doors, and many more. With his friend’s help, they went to every house on their street, marketing their services for a reasonable price.

Back then, even with a bad economy, people still avail themselves of services. Whether if you are late in the game or just starting, there is no reason for you to back out just because you have limited resources.

Bringing us back to the question of, how do you start a business with ZERO budget?

  1. Rely on a Family Member or Friends.

There is no need to get a loan from a bank to acquire that initial capital for your business when you have a family or friend that is passionate as you.

You have to admit that when you start a business, especially when you’re still new and have no experience, you have to rely on someone that you know since you were little. Like your parents or relatives. It is possible that they will support you on this risky venture.

start a business

Propose your idea with intent, vigor, and consistency. No matter how crazy it is, the only thing stopping your family and friends from investing in your business are forward-looking words. Meaning, no empty promises. Present them with concrete data and purpose on why you are starting this business venture.

  1. Build An Online Presence

We are lucky enough to be born in the digital age and have the knowledge by using different applications available to reach those who are like-minded entrepreneurs. You can exchange and share your ideas online to help grow your audience. You might find some interesting facts that you might not be aware of.

  1. Learn A Marketable Skill

To me personally, to be good at any business, one has to be a good communicator. If you are able to communicate well, you can convey your ideas to customers and close the deal immediately.

  1. Do Free Consultations

A person who lacks a particular set of skills, they are usually looking for some alternative ways to learn this skill. And if you’re a person with a wide variety of skills then you can impart that knowledge to those who need it. Then you can send them the bill.

  1. Set Up A Google My Business

If you already have your business, Google My Business (GMB) lets new customers locate your business with ease. This tool is free and can track analytics based on your website.

Dennis Yu

About the Author

Dennis Yu
Dennis Yu is on a mission to create a million jobs.

He is the host of the CoachYu show, a digital marketing certification program that partners together with industry professionals just like doctors, engineers, and teachers where people can get trained and have a job at the same time.

He has been building brands and teaching marketing for over 13 years.

Specializes in helping young adults to grow into the leaders of tomorrow, by confidently developing their marketing skills through training programs and seminars with enterprise clients like The Golden State Warriors, Nike, and Rosetta Stone.

He developed the Technology Partner for Digital Marketing Agencies and Personal Brands. A RevShare Partnership Program that enables growing companies to stay competitive.

None of this would be possible without the generous support of partners such as DigitalMarketer, Social Media Examiner, Fiverr, GoDaddy, Keap, OmniConvert, Onlinejobs.ph, Tom Ferry, Barry Habib, and others who believe in training up millions of digital marketing professionals.

Dennis has been featured in The Wall Street Journal, New York Times, LA Times, National Public Radio, TechCrunch, Fox News, CNN, CBS Evening News and co-authored “Facebook Nation” – a textbook taught in over 700 colleges and universities.

Dennis is an internationally acclaimed speaker in Facebook Marketing who has spoken countless times in 17 countries, spanning five continents including keynote events at L2E, PubCon, Digital Agency Expo, Marketo Summit, and B2C Growth & Innovation Virtual Summit.

Besides being a data and ad connoisseur, Dennis enjoys eating spicy buffalo wings or might just spot him playing Ultimate Frisbee under the sun.

You can contact him at dennis@blitzmetrics.com or on one of his social accounts below.