how to start business without capital?

Question

i have no capital and would like to start a bussiness selling ex_catalogue goods what do ineed to do and where do i need to go for financial help, i have not got a good credit rating so i do not feel that i can approach a bank for capital..

Answer 1

You need to have some capital to buy the goods. Speak to your bank and show them that you wish to repay your debts. Have a business plan to hand to show how profitable the business can be. If they say no then you will have to look at companies that charge over the odds interest and it can be up to 50%.

If you are unemployed then speak to your employment adviser who can put you in touch with companies such as Inbiz who assist the long term unemployed with their own businesses.

Answer 2

You might want to look into a business opportunity that doesn't require capital such as network or referral marketing. If your passion is selling ex-catalog goods, turn that energy into something else to build your capital. Once you have created enough capital through a network or referral marketing business, then you can proceed.

Another benefit of going this route is you will be learning how to deal with people effectively and increasing in your sales abilities.

This was the route I went. I wanted to open a restaurant, but like you, I was strapped for cash and credit.

You may want to research that route.

If I can be of further assistance, let me know.

[e-mail]
http://www.geocities.com/pktull

Answer 3

If you have bad credit or little money to work with, you can start out by brokering. Find a trusted supplier for the goods you would like to sell and establish a relationship with them. With some goods, its difficult to find honest and trustworthy suppliers.

Once you determine you have a reliable source, start advertising your goods online. You can do this on various websites for free such as blogs, forums, chat rooms, etc. Eventually, you will find someone interested in your items. Set up a safe payment method for them such as a merchant account or Paypal, let them pay you, and you forward the order to your supplier. He sends you the goods and you ship them out to your client. You could also use a dropshipper if you wish, but I have found that many are scams or have poor customer service. Just a thought... Good Luck!

Answer 4

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Answer 5

You need some capital to start a business. Without capital is like hoping for a downpour in the desert.

Start somewhere to raise capital - such as looking for a job. Take that job as your business.

Answer 6

Here are some tips:
1.First you need to find an income source. Try starting a free Google blog and write about something you like. Then apply for Google Adsense to make money from your blog. Use the money generated from there to start your own business.
2. Use http://www.mycreditadvise.com to learn more about starting your own business.

Good Luck!

Answer 7

There are plenty of opportunities out there, its just finding the right one for you.

do your research, as there are also scams, which you need to steer clear of.

Take a look at this site, where you can view 1000s of profiles worldwide of business people with all types of business opportunities. You can also add your own profile. Its FREE to register too.

Once you find your business opp, you need to work out how you are going to build your business. This is a skill in itself, but can be learned very easily and cheaply, if you have the right tools. I will gladly forward you info regarding this.

It is not usually the business opportunity that is at fault, but the person involved...i.e you !

If you have any other questions, do not hesitate to mail me...

Answer 8

You may want to consider going through the SBA ( Small Business Association) They help small business get started with loand and grant and in some cases provide training. If you business is going to hire minorities or women, then it has specail programs for that do. I woudl chat with them they are great to helop you get started www.sba,gov

Answer 9

Assets-liabilities=capital

Can't you work for a year and at least have something to out in before you visit a bank with a very detailed business plan?

Answer 10

Truth be told,you cant start a business with zero capital.Maybe you can try approaching those next to you for some cash