How to make money with No or Little Money – 3 ways!
1. Look for “business angels” who want to diversify their investments. If yours is one that “smells” better than a KFC business plan, they’d want to know how you do it. Be prepared to give a business angel a business plan that includes a projected Cash Flow and projected Projects for say, next 3 years.
2. Ask the bank for a loan. Banks don’t care about whether business in ethical. In fact they may totally ignore you (the way they ignored the late Anita Roderricks – founder of the Body Shop). It’s easier to get a bank loan through someone who’s already got one and who can refer you.
3. Use little to no savings; sell other people’s stuff online. An affiliate is like a salesperson, only you don’t need to own or store goods to sell them. In fact, you can earn commissions on not only physical goods, money can be earned from referring sales on services and digital items. Google for “affiliate programs” or “affiliate directories” for more info.
#1 and #2 are definitely for those who are already have a concrete idea of what business they want to go into and how they want to operate their business.
#3 is perhaps the “best options” for most of us – from students, homemakers, the handicapped to the more seasoned online seller.
Savvy in business set-up, operation and marketing are of course a boon in any kind of entrepreneurship you take.
