How to start a business from scratch with no money, no credit ? - Letsdiskuss
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Nisha Sharma

@letsuser | Posted 18 Oct, 2018 |

How to start a business from scratch with no money, no credit ?

Prreeti Radhika Taneja

Entrepreneur | |Updated 24 Oct, 2018

Honestly, I can’t think of much.

I mean, it’s okay if you have no money. You can borrow from others and start a business. But you don’t want credit either! So, it’s difficult.

Creating an online business is a go-to. Create a website, have a digital product and make money off it. It’s a fairly simple model. The only cost is of having a website, which would be less than INR 10,000 per year, depending on the kind of website you want.

Online-business-letsdiskuss  (Courtesy: Franchise India)

Of course, for this to work, you need to have certain skill and knowledge. Like, if you’re good at digital marketing, you can sell your services. If you’re good at writing, you can help others with their writing assignments; or write a book of your own. If you know how to create software, you can develop SaaS and offer subscriptions to the target audience.

Becoming a blogger is the most straightforward way to start a business. Of course, it’s also difficult.

startup-business-letsdiskuss
(courtesy-Group High)

Here’s what you should do to start a blog and stretch it to become a full-fledged business.

(i) Purchase a domain and web host.
(ii) Choose a content management system (CMS). WordPress is your go-to.
(iii) Think of a topic to blog on. Pick one that interests you and that you’re good at. Read: How to find the best blogging topics that make money
(iiii) Identify your target audience.
(v) Start creating contents.
(vi) Attract more website traffic.
(vii) Gain social media following.
(viii) Depending on your blogging topic, create digital products. It could be anything—from eBook to subscription forum to online courses.
(ix) You can also provide consultation.
(x) Once you start generating revenue, time now to build a team.
(xi) Rent a space. Recruit a few key people. Like developers, writers, HR and marketing executives.
(xii) Bring more customers, sell more, and grow your business.
These are simple steps to help you start a business. There’s no large initial capital; if you’re starting a simple blog, all you have to do is purchase a domain (which you can buy at the discounted price of Rs 99) and host it on FREE Blogger platform.

blogging-as-a-business-letsdiskuss
(Courtesy: Daily Post)

Hope the answer helps and you start a business successfully.