How to Start a Business With No Money: A Guide for Entrepreneurs

Planning to open a small business but don’t have the necessary funds? While it’s true that an initial capital can make things easier, there are still ways to launch a business without spending a dime.

They say where there’s a will, there’s a way, and this is especially true in business. Starting a business with no money is hard, but not impossible. There are so many free things you can do to launch that’ll help you get your business off the ground.

Curious to learn how to start a business with no money? Keep reading to find out.

Develop a Side Gig to Help You Earn Money

If you don’t want to dip into your savings or can’t afford to invest in your business right now, try to develop a side gig. This is a great way to help you earn some extra money and you can start promoting your small business this way.

For example, you can launch an online course, offer coaching to clients, sell digital products, or do freelance jobs in your field of expertise.

Use Social Media to Build Brand Awareness

Social media is the bread and butter for businesses of all sizes and industries. They’re free to join and if you use them well, they can bring you tons of new customers. Even if you haven’t launched a business yet, you can start building brand awareness with social media and get people interested.

For example, as you learn how to use Facebook for marketing, you’ll start to understand the needs and preferences of your audience. Then you can use those insights to post relevant content, engage with your followers, and promote your business.

Start a YouTube Channel

One of the best tips for entrepreneurs on a budget is starting a YouTube channel. The platform is free to use, and all you need are a few good video ideas and a camera. You don’t need fancy equipment or editing software.

If you already have some business and industry knowledge, you can share it on YouTube. You can also promote your business for free and even monetize your channel after some time.

Build a Free Website

No matter what type of business you’re launching, you need a professional website. Though these can cost a lot for new business owners, there are still platforms that offer simple websites for free.

Some of the best platforms for free websites include:

  • Wix
  • Squarespace
  • Weebly
  • Medium
  • JournoPortfolio
  • WordPress.com
  • Adobe Portfolio

For most of these platforms, you don’t need to buy a domain name. But if you want your business to be taken seriously, set aside at least $20 per year for a professional domain name.

Now You Know How to Start a Business With No Money

Now that you know how to start a business with no money, it’s time to start taking action towards making your dream come true. You don’t need to spend tons of money on ads to attract customers. These tips will help you get your business off the ground for free.

Want more business and entrepreneurship tips? Read the articles we’ve written on these topics and stay tuned for more industry news and trends.