How to start a business with no money?

Okay, you’re kidding, right? Did you really expect to start a business with no money? Let’s forget this [one-sided] conversation happened and move forward.

I know it’s corny and cliché, but I have to stay it. If you’re not willing to invest in yourself, how do you expect others to invest in you?

Starting a business with no money may not be possible unless you have a “rich uncle.” For the rest of us, including me, finding businesses with low startup costs is the next best thing.

So, yes. It takes money to make money, but not as much as you think.

What is the easiest business to start with no money?

Again, you’ll need some pocket change to get started. But the easiest business to start is an online business with low start-up costs.

Depending on the type of online business, you don’t need to spend money on products, equipment, and/or business permits. The best part is you can start small to test the market and scale your business once you gain more customers.

How much money do I need to start a business?

Creating an online business doesn’t cost an arm and a leg. I’ll prove it to you.

Here are the average startup costs for a business:

• Laptop (starting at $150)
• Phone (starting at $150 or $0 with a contract)
• Phone service (starting at $15 a month)
• Internet connection (starting at $20 a month)
• Website Hosting (starting at $33 per year)
• Website Domain (starting at $9.99 per year)
• Website Theme (average price is $57.54 or even free)
• Inventory/Products (pricing varies; doesn’t apply to every business)
• Specialized equipment (pricing varies; doesn’t apply to every business)
• Business License: (law varies from state to state; may not apply to most businesses that are completely online and don’t sell regulated items, e.g, food or alcohol)
• State Incorporation: (price varies from state to state, but the average price is $200)
• Legal protection: (price varies; strongly recommended)

I’m assuming you have a phone or laptop and an internet connection because you’re reading this article right now.

So, the startup costs will be about $300 if you wanted a premium website theme. However, these startup costs don’t include inventory and/or products.

If you’re building your own business from scratch, you would pay about $635. These startup costs also don’t include inventory and/or products.

So, you should be able to start your online business for less than $1,000.