Friday, September 18, 2009

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!

No comments:

Post a Comment