Business requires a good idea and many times we can implement that with very small investment. Get some business ideas with small investment.
You have a great and innovative business idea but no initial investment! Well, most of the people do come across such a situation a lot. Most of the good business ideas are ditched because of the same situation. But it is easier than you think to avail money from investors even when you yourself are not spending a dime, if you keep in mind a few things.
What is more important is that the resources that you were going to buy form that money not the money itself.
There are various tactics to cleverly make people work for you. But people will never help you if you are not giving anything to them in return.
They will happily invest in your business plan if you make them believe that they will be making a whole bouquet of benefits from investing in your business. Here are the points telling you how to start a business with zero investment.
You cannot just take benefit of someone at all. They are going to support your venture only if you make them feel as if they are your true partners and they are getting something in return. If you are paying someone’s wages, you will be getting only their services and that too for a limited period of time.
But if you share your venture’s future potential success with someone, he is going to give you his money, his time, his skills and his innovations all to you without charging anything other than their share. So it is better to fetch some partners rather than looking for free favors from people.
2. Focus on your Idea
No one will ever get into partnership with you if you have a half-baked idea. Make sure your idea is whole before you go looking for partners. But how do you get to know if your idea is worth it or not? Well, talk about it to your family, friends, business associates and consultants. If they find it luring, you can give it a go for sure.
No one will ever want to be the first one to venture into a new idea. You need to make them believe that you have other potential partners backing you. You need to gain their trust prior to their partnership.
4. Earn Trust and Credibility
In the beginning of your venture, you are a complete stranger to the investor. You need to make them aware of your professional achievements or your prior success in business so as to build yourself a good credible base. That way they can better trust that their money is actually in good hands.
5. Make the Offer Luring
Remember that you are asking money form a complete stranger whom you might have met online or at an auction or a charity. They do not know much about you. It is solely your job to make your business offer so luring that at the first glance they would just die to get into it.
Also keep in mind that they are not your employees, they are your partners. When you make some profit, it is both expected and ethical that you share the promised part with them too.
So in all, you must make sure that your business plan is so innovative that the same person that would have shooed you off if you had directly asked for help would non-hesitantly and happily offer you an even more generous amount just because your venture seems promising enough to him.
Like you, many of them are looking forward to make decent amounts without risking much. None would miss this chance to put in their money, ideas and efforts to earn that extra benefits at all.