Look for lucrative affiliate programs. Setup a landing page. Drive traffic to the page. Collect a commission on selling other's people's products. Or, develop your own product and meticulously plan your launch. If you have a product that people need, the cash register will go Ka-Ching Ka-Ching.....
2006-06-18 05:37:44
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answer #1
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answered by -:¦:-SKY-:¦:- 7
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Several decades ago, before I got interested in starting businesses, I met a friend who went from being penniless to becoming quite wealthy in a breathtakingly short amount of time. I asked him what the secret of getting rich was.
He said that you should find something that interests you and become an expert. For some reason, he became interested in turquoise and went from knowing nothing to becoming quite knowledgeable about the gem, the various sources, the market, and the players. One thing led to another, opportunities presented themselves and, presto change-o, my friend was showered with dough.
When I started my first business, which was an ice cream company, I had no money, I had no business experience, and I had absolutely no idea how to make ice cream. Five years later, my ice cream was judged to be the best in America by People Magazine. (See April and May 2005 archives of this blog for the whole delicious story.)
What drove the growth of my business was the growth of my knowledge of ice cream. And what drove the growth of my knowledge of ice cream was my love for the stuff.
When you start a business, what must lead the way should be your own interest in or love for whatever it is you want to do. Loving what you do miraculously attracts all the necessary resources, people and opportunities. You definitely don’t need money to start. Bootstrapping will stimulate your creativity and that is worth much more than money anyway.
Besides, money is overrated. I have found through bitter experience that there is always baggage that comes with investors’ money. You take their money and you get their karma too. What may seem like easy money is frequently filled with major headaches and not worth it in the long run. I vastly prefer the freedom and the control that comes with bootstrapping.
But I am also a practical man who like fast-growing businesses. Therefore I have had to take on financial partners of various stripes. I have learned to be VERY fussy about who I partner with. But that is a whole other story.
One more thing: Your passion doesn’t have to be about any particular product or service. For me, my passion is the process – building teams, collaborating with others, wrestling with creative challenges, supplying customers with value, entertaining paradigm-shifting ideas, dreaming of the potential for fast growth, and being socially responsible to all the stakeholders, not to mention Mother Earth. I am passionate about those things, so if all those elements are present, then it doesn’t make a lick of difference if the end-product is ice cream or telecommunications (my second biz and I knew absolutely nothing about telecom either) or whatever.
2006-06-18 06:37:03
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answer #2
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answered by Halle 4
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Make a website, post up products to buy on that website, use PayPal, the products that you post: send your visitor to affiliates to buy from them, then you'll have no prob with buying and shipping them yourself...
For example I want to sell Rice Noodles, but I am broke or have little money.
I set up a website
then I set up a PayPal account
I look for other websites selling Rice Noodles, and I email them about joining an affiliate program
I have a link on my webpage for people to buy Rice Noodles but that link redirects them to the company that I am an affiliate with so they buy the Rice Noodles from them and I get a % for reffering them there (I think this only works if they can accept cookies or scripts, browsers that block cetain cookies or even scripts, well you'll be sending them there for FREE lol).
That is the easyest and cheapest way.
The next way is the same thing, but instead of setting up an affiliate account, you reorder the product for them and ship it (this will only work if the place you order it from will accept a different mailing address location then from what is stated as your original address).
For example:
someone bought Rice Noodles from me for $5 a pack through PayPal (a free merchant account),
I get their order and I turn around (since I have no stock LOL)
and go buy Rice Noodles for $1 somewhere else and then I ship it to them for $1 and thus I make a profit of $3.
Of course you should save up your profits so that you can afford stock later. But this is just for you to start out.
See, the cheapo way LOL
;-)
BY the way pick a product you think you can sell, you like to sell, and you think there is a market for (do your research)
... rice noodles was just an example LOL....
you can try services... too.
Good luck!
::: Peace :::
2006-06-18 05:55:06
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answer #3
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answered by Am 4
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A service is the least expensive, highest profit business you can have.
What do you like to do? Find a service to perform.
On site computer service is a winner.
2006-06-18 05:38:13
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answer #4
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answered by Nick R 3
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I don't know if i'm allowed to post this. I'm an independent distributor for environmental safe products and nutritional products. If you would like to know more email me.
2006-06-18 05:36:24
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answer #5
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answered by libraballgirl 2
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Try affiliate marketing. Get some ideas on this site. They also have some good articles and ebooks.
2006-06-18 08:05:09
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answer #6
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answered by Looking Up 5
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try selling air to people, they need air to live don't they? and they are cheap (not to forget they are also free)
2006-06-18 05:46:07
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answer #7
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answered by Dreamweaver 5
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