Starting a business without capital. - page 13.

mirakal

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Quote from: batang_bitcoin on April 25, 2024, 04:50:27 AM

Quote from: Smilevictorobinna on April 25, 2024, 02:13:27 AM

Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

For influencers, this is an easy way to make money out of affiliates. Their brand name and reputation is the one that will be trusted by their signees or referrals. But if you're an ordinary guy and try to see your future in here, you should be doing other things as well while you're building your presence through different means like in articles/blogs, vlogs and any other ways you're building your community because trust and influence is what will make you a lot of money out of it.

You are right in here. While affiliate marketing becomes a trend right now, but we all know that succeeding in it is not as easy like everyone is expecting to. You can’t attract interested buyers to patronize your items if you weren’t known in the first place, so you have to establish your own name at first so that once it becomes famous, people will easily put their trust on you, and bite whatever interesting offers you have.

Affiliate marketing requires more hardwork and determination so you will end up successful with your goal. And the fact that a lot of people are doing like this, so you need to become more competitive as well and think of special ways on how to attract people so they will end up buying your offers. This may be hard and tiring at first, but I think the amount of profits are certainly worth the time and efforts.

harapan

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Quote from: Findingnemo on April 25, 2024, 02:23:58 AM

Affiliate marketing will take time to build the audience based on your niche so it's not going to give you money from the day you start and I won't consider it as a business rather a job cause we are just part of promoting someone's product or service not our own.

You can see people say that every successful company started with zero capital but it's not entirely true, they started small with their money or taking loans then once they reached a position the investors were ready to throw in money that took those companies to next level, so starting with $0, is far away from reality.

That's right all along,ordinarily,you'll find it difficult to build an active fanbase or Audience and you'll require some certain skills that'll enable you to develop and converse properly to customers.Normally you would require skills,business options and several other strategic plans together with marketing tactics for a successful business build.

But there's actually what they call DROPSHIPPING these days and i mean that's what most people used to build a strong marketing network,specifically using/exercising the rights tools for promotion and the business upgrade.It's just you advertising someone's else's product,adding your profit to the actual price and whenever you get an order,you act as required and that's it.And thats how some persons have been able to capitalize for thier business initially.

So starting a business without capital truly exists and its that simple.Your're starting a business without capital works when you utilize your unique talents,efforts and your ability to meet up several requirements.

TEBTC

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Affiliate marketing is good but it still takes time to build your network and get people to buy from you the truth is capital is my key to any successful business

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Quote from: Smilevictorobinna on April 25, 2024, 02:13:27 AM

Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

It doesn't quite work like that. There's only so many people that can do that before whole affiliate business gets saturated by people that are trying to push their links to each other. For example Temu is a recent example how desperate the affiliates are. You can basically do this succefully as a job if you already happen to be famous influencer, and even then you are targeted for taxes, so if you happen to be one, remember to do accurate reports early from your incentives, so you don't have to pay extra as maximum penalties later.

Most jobs you can't just start without any capital. You either need to capitalize your unique talents, or just pay for equipment etc. Or just work for someone and get paid so you have some starting funds for what ever your new business is going to be.

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Quote from: Smilevictorobinna on April 25, 2024, 02:13:27 AM

Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

in any kind of business that you want to venture into neither a cryptocurrency business or a business that have to do with the offline I think that you really need a capital to establish the business before the business will you flourish so I am against the statement that you can start a business without a capital so from my own perspective and they understanding of business you must to know the foundation or the rudiment of business before you set up a business and there is not business that stand today without a capital to kick off The Business

Hamza2424

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Quote from: |MINER| on April 28, 2024, 01:29:07 PM

Communication skill is required to do such business. The better the communication skill is, the more useful one is for this business. Every business needs communication skills but in this business without capital, if there is no communication skill with people, sales will not increase. And as far as I know, sales in this business will not increase. Commission depends on. Also you need to have basic business idea. Ability to attract customers.

Yes, You are right as one should have good communication skills so that one can make/generate good sales in this field as we know that in this field as our each word matters to generate sales as our words work like an ad so the adoption of good words is very important as if the buyer will notice or feel your used words effective so then the chances of getting big sales will be increase.

There is a famous saying in our country that a marketer/shopkeeper should have good skills so that he can generate sales even if the selling chances of that item are less. This is why I also believe that one should focus on learning his/her communication skills before entering in the marker. Many of the people get flop in their new business because they don't have good communication skills.

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I've been involved in a business like that, but it's very boring... I regularly post on social media, send messages to everyone but don't respond at all... for the first week maybe I can still wait patiently for people to respond to the items I send offers, in the week secondly, I was still able to remain patient, because even though no one bought the product I was offering, at least someone responded... But in the third week, I couldn't hold my patience any longer, being kind and friendly to anyone who only made an offer but didn't do it. the purchase really made me feel annoyed. so I feel that this is not a suitable job for me, and I have to look for another business or job.

but for those of you who like interacting with lots of people on social media and have quite a lot of followers, maybe this is a business that is suitable for you. Moreover, nowadays, abstract markets are increasingly popular and many people shop there, and if you are skilled enough in offering a product, perhaps becoming an affiliate can give you profits in the long run. But you have to be serious, don't get bored quickly like me. haha

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Quote from: Smilevictorobinna on April 25, 2024, 02:13:27 AM

Yes buddy I am aware of affiliate marketing that needs no investment and returns good profit to the user in the form of commission but yes if you run ads by investing your little amount you can generate even more profit from affiliate marketing.... One of my friend makes 400$ per month from affiliate marketing without investing any money. You can generate even more and more money if you are an influencer you can generate many affiliate sales using your social plugins.

Along with this, you can also start dropshipping as a business and this also doesn't need your single investment... I have been doing this as well i have 1.5 years of experience in dropshipping but for now, I have to quit this money-making technique due to some reasons but I also plan to restart it again in the coming future InshaAllah. Until then I am just waiting for the right time to happen the right things InshaAllah.

|MINER|

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Communication skill is required to do such business. The better the communication skill is, the more useful one is for this business. Every business needs communication skills but in this business without capital, if there is no communication skill with people, sales will not increase. And as far as I know, sales in this business will not increase. Commission depends on. Also you need to have basic business idea. Ability to attract customers.

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Quote from: Juse14 on April 28, 2024, 01:19:36 PM

Becoming an affiliate means being a mouthpiece between producers and consumers. We offer other parties' products, and get the difference if they are successfully sold. And if we are really good at public speaking, humble towards everyone and active on social media and have a lot of followers... then becoming an affiliate can bring benefits to you every day. Where you can take advantage of your popularity on social media to make a profit by selling products...even if they are other people's products. Because in the current digital era, where most people are moving, those who initially shopped in concrete or traditional markets are now moving to abstract markets. and along with this, this can make the affiliate marketing business quite popular and many people are involved in it. However, it should be noted that this kind of business is very susceptible to fraud.

having a social media presence with huge followers will get anyone to success. that's all he needs but it also requires great content which a person has to really be great at something. some influencers don't just do affiliate marketing but also have sponsors already paying them every month and the only capital they did in the past is investing in content that people would love.

there's always capital. even the fisherman who's more skilled in catching first means he does have capital and the fishes are his products to sell.

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Becoming an affiliate means being a mouthpiece between producers and consumers. We offer other parties' products, and get the difference if they are successfully sold. And if we are really good at public speaking, humble towards everyone and active on social media and have a lot of followers... then becoming an affiliate can bring benefits to you every day. Where you can take advantage of your popularity on social media to make a profit by selling products...even if they are other people's products. Because in the current digital era, where most people are moving, those who initially shopped in concrete or traditional markets are now moving to abstract markets. and along with this, this can make the affiliate marketing business quite popular and many people are involved in it. However, it should be noted that this kind of business is very susceptible to fraud.

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Quote from: el kaka22 on April 28, 2024, 09:41:05 AM

Even something as simple as affiliate marketing requires you to have some capital, nothing big but something like probably a website would be great and most of them do have that. Aside from that, its called affiliate "marketing" which means that you do end up spending some money on it and you should be considering that as a possibility.

You are right, however, it isn't a necessity because one can do it without having a website but as you said, it is better if one manages to create a website for their affiliate work and then promote that website through social media.

Although a website isn't a necessity, I believe one will at least have to create social media pages and then spend some money to promote them using paid ads so that they can reach their target audience because it's not easy to find customers this way. You can't keep messaging everyone you see or post in every group and hope that you might get a customer.

This is the biggest challenge for an affiliate marketer, they will have a hard time finding people who would use their link in the initial stage.

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People should not start businesses if they don't have capital. An exception, I'd say, is when a potential entrepreneur participates in some sort of program that gives financial and educational support to prospective businesses, so if you can get some sort of grant (but, crucially, NOT a loan), it can be a good idea.
Affiliate marketing isn't the same as starting your own business. It's often a scam, a pyramid, and a way of spreading it further by recruiting the people you know into it. Of course, there are legit businesses that do affiliate marketing, and it can be a legit strategy, but one has to be very careful with it.

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No business strives well without capital. Even in affiliate marketing, you still need a device to promote whatever business you are marketing. And that mobile device or computer you are using serves as a startup capital for you. Businesses with low capital people venture into does not make them sole owners of such businesses, rather they keep working for other people while they themselves who do most of the work get only a few penny as commission. Only those who have high demanding skills can boast of high income even with the low startup capital.

No business is easy to startup, they all demand hardwork to see good results. It is better to work for others while putting plans in place to break out and be your own boss instead of staying idle praying for a miracle.

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Even something as simple as affiliate marketing requires you to have some capital, nothing big but something like probably a website would be great and most of them do have that. Aside from that, its called affiliate "marketing" which means that you do end up spending some money on it and you should be considering that as a possibility.

I am not saying that its not going to be possible to make it zero dollars, if you really want to you can try but I am pretty sure that if you end up with zero dollars at the start then you are not going to make much and you should definitely spend every dime you make back to business to have some decent capital.

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Quote from: jrrsparkles on April 27, 2024, 05:13:09 AM

Without capital, all you can do is work for someone and that's what the affiliate marketing is about. Sure you can do that and make a lot of money but it doesn't comes over night and it's not really suitable for everyone cause you need to be influencing people to buy the products you sell to really get your commission. I would suggest getting a salary is a lot better than working based on commision cause it doesn't guarantee minimum pay so it add extra pressure than being convenient.

Many people are like that, they become slaves who are ordered to do things to get money, and there are people who survive in this situation. Maybe this is the same as working, but different from starting your own business. and I don't mind this because I think this is a process, of course I think everyone has the desire to be able to do business for people who are thinking about their future. When they want to have their own business but don't have the capital, they can take steps to work first.

by working they can make money, this is where money management is needed, if they can manage their finances well of course they can save it. By saving the money they earn from working they can collect it and use it to start a business that they really want. After all, no business can be done without capital, I think all businesses that are started need capital.

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Quote from: Smilevictorobinna on April 25, 2024, 02:13:27 AM

Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

I abandoned that belief long ago. My apprehension regarding affiliate marketing lies in Google's dominance over SEO, manipulating algorithms at will. Through insights gained from this forum, I've realized that anyone can thrive in internet business without solely promoting others' products; instead, fostering a community around your own offerings. That is the key.

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Without capital, all you can do is work for someone and that's what the affiliate marketing is about. Sure you can do that and make a lot of money but it doesn't comes over night and it's not really suitable for everyone cause you need to be influencing people to buy the products you sell to really get your commission. I would suggest getting a salary is a lot better than working based on commision cause it doesn't guarantee minimum pay so it add extra pressure than being convenient.

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Quote from: Smilevictorobinna on April 25, 2024, 02:13:27 AM

Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

Affiliate marketing or that referral or suggesting products and services or whatever you could possibly deal with might really that sound too easy but on the time that you would really be finding yourself
to be on such situation then this is something that a very hard thing for you to deal up with. Getting your first referral would be that so daman hard. Yes, it could really be giving out that kind
opportunity on making money without having that capital but the hard work that you would really be putting up will really be something that you should be considering.
Not all would really be that good when it comes to this.

For those who do have that kind of perseverance and that kind of dedication then you could really be able to deal up with. Then it would really be that an option
for you whether you would proceed further or not.

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Quote from: goaldigger on April 26, 2024, 03:52:14 PM

There’s a lot of options now where you can start doing side hustle or business without having any capital as long as you have the tools to start with like for instance the online services which is the current trend. Virtual assistant support can also be consider as your business where you can start by just simply offering services based on your niche. Affiliate market can also be consider, all you have to do is to build your profit and have a client where they can trust you. In crypto as well, being a bounty hunter can be consider as your business especially if you are just doing this as your extra source of income.

If you are not very good in communicating with people or you are an introvert one, virtual assistant job is indeed one of the options that you can apply for over the net. You only need net, time and some skills to get paid. What I don't like with affiliate marketing is if you can't get people to buy the products or you can't recruit anyone, would be hard to earn money from this route.

Another one is selling your services like if you are a programmer, a researcher or any skills that you think someone is in need. In today's set-up, a lot of businesses find its way to hire people remotely. This is how most of them survived during pandemic period.

Topic: Starting a business without capital. - page 13. (Read 2645 times)