One of the best ways to get started is to make something with what you already have in, these products can be sold for many times over their actual cost. What you make is up to you, but they are several places on where you can sell your handmade items online:
eBay is one of the biggest online ecommerce marketplaces In the world, and it is streamlined store options, easy checkout through paypal, and customisable listing options make it a great choice for selling items.
Etsy is one of the largest online markets for almost anything homemade, from jewellery to wooden toys for kids.
Bonanza is another growing handmade marketplace, similar to Etsy. According to PC World, It boasts over 10 million visits per month.
Abe’s Market deals in natural and organic goods, such as lotions, candles, granola and more.
Many business owners sell their products on multiple platforms to get the most exposure possible. It is important, however, to make sure your inventory stays updated on all sites you have a storefront on.
Secondly, try reselling something, if you don’t want to make anything (or if you don’t consider yourself a creative person), many business owners have grown large organisations/businesses just by reselling products that have already been made. This can be done through a variety of ways or channels:
Set up an online store and partner with drop shipping companies that will do all the order fulfilment for you. Online ecommerce platform shopify has a great drop shipping guide.
Charity stops and Facebook selling pages (market place):
If you know where to look, you can find items which can be very cheap from charity shops or online via Facebook selling pages, and then resell them online or in your local community for more that you purchased them for.
Try and sell your services:
One way to start up a business with little to no start-up capital Is to sell your services, instead of a physical product. Some will require advanced degrees, such as accounting, while others require little more than a working knowledge of how it’s done (babysitting, lawn mowing).
Because you are selling your services, you will need a plan, a branding plan. Make sure that your name and company gets in front of the people who may need the service. Some places that are free for promoting your services include Fiverr, craigslist, etc.
A website showing off pieces of your work at this point will be brilliant! List your experience, and blog about your industry to draw visitors.
Being an entrepreneur is hard, but becoming one is even harder, as you have to try and find your customers for your services or to sell your products etc. Try and become competitive with your prices, so if you are wanting to set up a logo design business, look at other websites such as Vistaprint (this website is a great place to buy personalised items), and compare prices, making them affordable for the customer and making sure within the cost it covers everything which is essential to make these logos.
Come back next week for part 2 of ‘How to become an entrepreneur with no money’