Topic: Starting a business without capital. - page 16. (Read 2650 times)

Yeah it is very obvious that anyone can start their business without any capital and that's also very supportive thing that new era has brought for poor people. Affiliate marketing has made lives of many people and they've started to persue their life in a good manner then before.

What you need for success in a business is hardwork and dedication not capital . Many people will support you if you have a good skill set. This is only an excuse because in this modern era raising a capital is not a problem.

When getting into affiliate marketing you need to have a good communication skill and you also need to market important products, when you have good communication skill it will help you market the product and by marketing good product those that buy will refer there friends to you that is how you grow in affiliate marketing.

And working for your uncle is different from affiliate marketing in affiliate marketing you are your own boss and you choose who to do business with and you can do business with a lot of business owner.

I wouldn't be so sure. When advertising or offering someone else's product to anyone, it is necessary to have the uniqueness and originality of the product. If you offer cheap cosmetics on every corner, as representatives of such marketing like to do, or vacuum cleaners that have not been in demand for a long time, you need to convince the client that without this product, his whole life will be wasted (sarcasm). That’s why I wouldn't  be so optimistic with thoughts about such a business. And OP, tell me, what’s the difference between working for an “uncle” and doing affiliate business? For me, it's the same.

Sure it just takes longer and you might die of starvation in the progress.

You can't start a business without capital unless you are doing something very new that no one knows about. For example, I don't know if you have heard about this but Bustabit, one of the most popular Bitcoin casino with a huge bankroll started with very few coins. They succeeded because Bitcoin was brand new then and they were also one of the earliest adopters and developers. Right Place Right Time.

You also look very lightly at affiliate marketing. Selling the product is one of the hardest things and every company spends a huge capital to sell the product. You have to be a very popular person or own a very popular website to start and make money via affiliate marketing. Affiliate marketing exists because product owners can't sell the product and pays you to help them sell. Sometimes you might need more money to start affiliate marketing compared to starting a business.

To make money, you need to spend money. If you are afraid of losing money, you will never have the business experience which you can only obtain by spending money. You can borrow money from the banks and use it as your capital. That’s a bad idea unless you exactly know what you are doing. If you spend the money you own and go bankrupt, you will have the business experience in return. If you borrow money and go bankrupt, now you owe the bank money too.

Start small. Use your own capital. Trial and error. Then go big when you are ready. There is no easy way.

It's not always about monetary investments, one needs to put in a lot of effort and work hard to be able to have better chances of succeeding as an affiliate marketer because it's not an easy job to do. Besides, it's a job and not a business, because you are working to earn money and I believe every job in the world is free as long as you qualify for it.

If you look around, you won't find a lot of affiliate marketers, what do you think is the reason behind that? It is because the success rate is very low while the workload is extremely high which makes people uninterested in it. Suppose you compare affiliate marketing with cryptocurrency trading under the same criteria. In that case, you will see that there is an excess of cryptocurrency traders in the market, and the reason is obvious, they all can get some money out of it if they do it properly, but it's not the case with affiliate marketing.

I will not say that it is impossible to earn money from it, it is possible but it is a time-consuming and laborious and long time procedure.
Suppose you are a bachelor and have no household responsibilities. In that case, you can do it as a part-time job, which is not very suitable for a person who has to run a house and support a family because there is no guarantee that your product will sell or it depends on your marketing, getting customers is not that easy.
No matter how good a marketer you are, it is not possible to get customers every day. So if any person wants to do this work to run their home then my answer will be no.

beginning a business without money? That's crazy, especially with affiliate marketing. Unfortunately, it's not free. You pay with your hustle, grind, other money. Every discussion and transaction you pursue costs your most precious asset, time. Right? Consider that you say no upfront cash, but the real cost is your hard work. Can anyone go in and sell? No chance. You must sell passionately and persuade daily. And then it gets fascinating, right?

You're betting on every product you promote. You're betting on market trends, much like gambling. Making money daily? A dream. Even the best gamblers lose, and so will affiliate marketers. The market fluctuates like the ocean, not a rollercoaster. Similar waves will affect your revenue. Take on the challenge, but be realistic. No business guarantees daily or lifetime income

not to be pessimistic but marketing isn't as easy as it sounds, selling one product is already hard if the product value isn't that much.
as far as I know to be successful at marketing you should be famous yourself and have many audience then you can market whatever product there is even the shittiest ones.
if you're just don't have the reputation or fame then its gonna be difficult offering a product but of course you can try maybe you're talented in this field.

so there's a need for a strategy before you can actually try marketing if you want to boost the pace of your success.
as much as good communication skill is helpful to lure people into buying your product, most of people can see the through your intention if you are selling a product that isn't so great so thats another problem here.
finding the right product and building fame is the way. at least thats my 2 cents.

Yes I know that but the bigger advantage is with the influencers that have already their own community and can ask them to sign up for them if ever they need that service they're advertising or the products that they endorse with their affiliate links. This is easier for the girly influencers where simps are going to sign them all they long and going to avail products and services where they're going to get a lot of commissions and this isn't a secret to all.

Any commission basis job can make you start a business out of it. With the capital of being a good salesman, you're going to be able to save money out of it as long as you know who are you offering the product. Being a real estate and car agent, this is a good start for someone who's looking to get into the sales world. Everything is being run by sales and if you're a good salesman, for sure that you can sell everything. Most of the real estate and car companies are offering affiliates or commissions to the people that they're going to hire. It may not sound as a business but it actually is because you can be your own boss and make your own marketing strategy to drive sales for the companies and the products that you're selling.

There are also agents that are wise and from the commission that they're going to earn, they split it to someone that will help them refer buyers or customers that are going to avail their products. It's a split share for them and despite not getting the whole percentage of commission, they get sale easily by having a referral and commission to someone who has helped them to drive any sale. Lesser time and effort exerted but with easy money on their end, so it's a win-win for an agent who's got a good strategy in having more sales and not just leads.

You really don't need to be an influencer to start affiliate marketing all you need is good communication skill and marketing a good product when you have a good communication skill people will listen to you and buy the product and they will refer there friends that is how you grow.
In affiliate marketing you will surely grow and become successful but you need time to grow.

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You are very correct when you start affiliate marketing you will face difficult time's and you must work hard but one thing is sure at the end success.
In every business or anything you do in life you must face difficulty those difficult time's are the experience and they are want grantee your journey to success.

When starting a business you will face difficult time's, there are people who started small and today they are making it big in affiliate marketing.
Do you think saving up money and starting your own business will grantee a successful business you still need to work hard if you want that business of yours to grow same way you need to work to grow in affiliate marketing.

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.

So have you started a successful business with affiliate marketing yet? It sounds easy, but when you start you will see that everything is not as you imagined. But affiliate marketing is also a great environment for people who don't have money but want to try their hand at business. It will be a great experience for you to gain more experience on your path to becoming an entrepreneur.
I'm not saying this is bad, but I would rather work hard and save money to open my own business than join this affiliate marketing model.

Pursuing success takes you time and also your money and in this regard your data usage at least will go in and in fact in large quantity because you are intentionally pursuing success. If you are already equipped with affiliate marketing skills which of course will cost you training and other expenses, then apart from that, to pursue success will now mean chasing for followership. Pursuing for followership also involves your time, at least the time you perhaps would have used to sleep if you don't have any money generating business to do with that same time. So your time is opportunity forgone for chasing over followership. Thus, remember that at such point of pursuing for traffic for your followers to align with you on the company's business, you also do videos in large quantity on the products on sale to send to followers or prospective followers and those new target group that you intend to bring into your fold or network. So there isn't no business without capital expenditure before you begin to profit from it.

Affiliate marketing is one of the trends right now, and it is proven profitable if you are a hardworking person. But do you mind the important thing in doing affiliate marketing? You will need an audience or crowd, and notice that most affiliations can be done on social media. It's because there are many people on social media who can easily be attracted to buy something if there's something that caught their eye. Yes, you can affiliate a product and sell it physically, but you will still need to have established buyers or people that can see your products and gain loyal customers.

It's something that is not easy to do. Yes, everything can be possible if you work hard, but of course you should be ready for that hardship before you can feel that you are earning and that you are getting successful. Everything is starting to nothing, but if you have the will, then you will make it possible.

There are different types of capital besides financial resources. Skills and equipment are also capital that is needed to start a service-oriented business. The bottom line is that you need financial resources to start or engage in any business. Even in affiliate marketing, you need a phone, computer, workspace, and internet subscription to carry out the tasks and these resources are your capital.

Besides affiliate marketing, other platforms connect virtual workers to companies that need their services. I prefer to seek jobs in these online platforms than to engage in affiliate marketing. People who make high commissions are people who can generate high traffic for the company. Affiliates who have more followership on social media or other platforms will find this kind of business profitable.

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.