(c)2007 Dien Rice
Is it really possible to start a business without much money?
Thank goodness, the answer is “yes”! If you’re skeptical, be sure to read on to find out 3 ways to do it!
Way #1:
The truth is, some businesses don’t need a lot of money to get started. As a quick example, you could start a window cleaning business. All you need is some cleaning equipment, and some “elbow grease”. You need to get customers, of course – so you may need some money to print and distribute some flyers to local businesses. But this is a business you could start for under $100.
Way #2:
Other businesses require more money – but the thing is, it doesn’t have to be *your* money you put in. Another way to do business is to *sell* the product before you create it! That’s what one guy,Greg Gianforte, did.
He sold high-priced custom-made software to companies. After finding out what his customers wanted and getting paid for the software, he went about hiring people to create the software! That’s one beauty of custom-made products. You can’t “make” the product until you have the customer’s specifications. That means you can collect the money before you actually have to spend money on making the product.
If you can’t make sales – then the product was probably not viable anyway. And you found that out before you had to spend a lotta dough. There’s less risk.
Way #3:
A third way is to use partnerships. One guy, Bob Reiss, made millions on a $50,000 investment this way. He contacted TV Guide, and suggested they make a “TV Guide Trivia” game. The people at “TV Guide” loved the idea. He then partnered with another company to create copies of the game, without any up-front capital. “TV Guide” promoted the game for free in their magazine. They made $7 millionin sales, which created a $3 million profit, which they split between them.
You can of course use the same principle that Bob Reiss did on a larger or smaller scale, as you see fit.
So don’t let “lack of money” stop you from starting in business.
You just gotta learn from the above stories, and get creative!
Dien Rice
Hidden Business Ideas
www.HiddenBusinessIdeas.com
Seeds of Wisdom Publishing
www.sowpub.com
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