Can you start a business with no money?

Recent surveys suggest that nearly have of start ups didn’t require any funding to get started, so how is that possible?

Here are some business models where it could work.

Subscriber based businesses

This can apply to many situations ranging from Networking and Memberships to Sky TV or Microsoft Office 365, get your clients hooked on paying a monthly or periodic payments and  it should work wonders for your cash flow.

High Demand Products

Any product in short supply creates a situation where clients are prepared to pay now in order not to miss out.

Pay In Advance

Often used in the home improvement market for example conservatories, kitchens, bathrooms, getting customers to pay a deposit or in some cases all the money upfront (or on finance) puts you in the best possible position especially if you can set up accounts to pay your suppliers on 30 or 60 days.

Market Place

Getting paid to bring people together is a great business model think of ebay, dating sites, or any on line market place where the owner gets paid when a deal is done.

Self Employed Freelancers

We are now in culture where freelancing is common

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Working from Home

Here are my top 20 home based business ideas:

1. Get a lodger – Under rent-a-room a taxpayer can be exempt from Income Tax on profits from furnished accommodation in their only or main home if the gross receipts they get (that is, before expenses) are £4,250 or less
2. Ironing and Laundry Services – Always popular and you can start with friends and family
3. E Bay Trading – as E Bay say… The first task is to sort through those bulging drawers and messy cupboards, finding stuff to flog. Get a big eBay box to stash your wares in, and systematically clear out wardrobes, DVD and CD piles, the loft and garage. Use the easy 12-month rule of thumb to help you decide what to offload: Haven’t used it for a year? Flog it.
4. Blogging – Blogging has taken off and many businesses are looking for people to write blogs for them
5. Candle Making – You can sell the candles on line and its easy to buy the wax and things you need to make the candles
6. Car Boot Sale – As with E Bay but without going on line
7. Cake Making – Make sure everything is labelled correctly and you comply with Health & Safety issues
8. Data Entry – The internet makes it easy to enter data from where ever you are
9. Social Media – Similar to blogging, businesses need help to manage Twitter, Facebook and Linked In
10. Website Design – If you have the expertise, go for it
11. Sales Parties –  Cosmetics to Ann Summers, there is a long list of opportunities
12. Sewing and Clothes Alterations – Perfect before and after Christmas
13. Jewellery – Making and selling jewellery is always popular and great for Christmas presents
14. Car Repairs – Assuming you have the skills needed and comply with legal requirements
15. Pet Care – Walking dogs or grooming is popular
16. Virtual Assistant – Also personal organiser or personal shopper
17. Wedding Planner – You could start by creating a blog about your expertise
18. Direct Sales – For example Utility Warehouse
19. Computer Repair – Great provided you have the skills
20. Marketing – Telesales to leaflet design and freelance writing

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steve@bicknells.net