Want to make money with no money to put down? It's not only possible, but easy to do. These steps will help you discover your untapped talents and put them to work for you. You can make money without money to invest. Hundreds of thousands do it every day.
Instructions
1. WHAT DO YOU WANT?
The first step to make money with no money is to figure out what you want. Are you looking for an income that will allow you to quit your day job or compensate for a lay off? Or do you just want a little extra money left after the bills are paid? The level of income you are looking for will impact the amount of time and effort you put into making money.
2. WHAT DO YOU HAVE?
Make a short list of money making tools and skills you have at your disposal. These are not tools you will sell, but tools that will help you make money with no money spent out of pocket. Consider the following tools and skills that many of us rarely use to generate income:
Tools
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Computer
Lawn Mower
Vehicle
Camera
Video Game
Lawn Tools
Washer/Dryer
Land
Musical Instruments
**Review this list of tools for skills ideas. For example, if you own a sewing machine, you may have a degree of sewing skill. Or, if you own a camera, you may have skill as an amateur photographer.
SKILLS
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Reading/Writing
Typing
Musicianship
Good with Kids
Art
Dog Lover
Video Game King (or Queen)
Dancing
Dreaming
**Review your skills list for those skills which require tools. The tools required for those skills should be listed on your Tools list, if you own them.
3. CONNECT THE LISTS
Some of your tools and skills are likely connected. For example, if you added 'piano' to your tools list, you may has 'pianist' listed in your skills section. Match related tools and skills. If there are tools or skills for which you don't have a match, that's okay. Those can be turned into income in different ways.
Also, not all connections may be obvious at first. You may love dogs, but what does that have to do with your lawn tools? If you consider the activities each skill involves, the connection becomes clearer. As a dog lover, you may use your shovel to clean dog messes. This seems like an insignificant connection, but it might be the perfect combination for a successful small business.
If more than one skill matches a particular tool, or the other way around, that's fine. If you are fortunate enough to see that multiple skills are related to multiple tools, even better. Match them.
4. MATCHES
Tools and skills that are matched can translate into great business ideas. Consider each pair and the job possibilities related. If a particular job does not require both the tool and skill, list it anyhow. For example:
DOG LOVER & SHOVEL
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Dog Poop Scooper
Visiting Dog Service (could walk the dog and clean up messes while the owner works)
Lawn Repair (specializing in canine lawn damage)
Dog Companion
5. THE BEST MATCH
The best match to make money with no money will be the one that you can actually do. A poop scooper can really clean up in some residential areas, but not everyone is willing to wear that job title. If doing your job would make you miserable or embarrass you, it is not a suitable option. Such jobs should be crossed from your list.
If there are many jobs on the list that appeal to you and for which you have the necessary tools, consider it a winner.
6. CREATE A BUSINESS PLAN
While many gurus would have you believe that successful businesses always start with a detailed and focused business plan, that simply isn't the case. In situations where financing is not required, a formal business plan is often not necessary. When you are working with existing resources, your business plan can be as complicated or simple as you like. In order for it to work, it simply has to provide a strategy.
The strategy your business plan lays out must outline the steps involves in combining efforts and resources to result in profit. Consider the job and the resources you have. How can those resources serve you to make money without money?
For example, what are the steps involved in turning your shovel and love of lawn care into a profitable grave site attendance business? First, you would have to know what services you can perform with the resources you have. Next, you would want to outline your method of recruiting customers. Will you advertise locally? Bulletin boards? Online? Word of mouth? There are also issues like rates, payments, etc. to consider.
You do not need to know all the answers when you write your business plan. However, it is a good idea to do a little research and fill in the blanks as you go along. The clearer your business plan, the easier it will be to judge the appeal of the business you have in mind. You may discover you aren't really interested in grave site attendance once you have outlined the work and objectives involved.
If you are still considering more than one business, resist the urge to start more than one at a time. Instead, use this very basic approach to business planning to evaluate and compare the possible realities of either business. You may discover they are both great ideas, but one is easier to get off the ground with less financial investment. Start with the easiest, cheapest, and most appealing. You can always start another business if you find your first choice is less rewarding than you had imagined.
7. CREATE A SCHEDULE
This is not only a daily schedule to keep your time and efforts organized, but also a long term schedule. How long will you prepare your business before going live? How long will you try this advertising method or that? Most importantly, at what points will you review and measure the success of your business?
When you are working with limited resources, keeping your time and energy organized is absolutely essential. Effort and ideas are infinitely more important than money in small start-up businesses. As your most valuable assets at this point, you should have a plan for the best ways to invest them.
