The Money Podcast
How to Start a Business (With NO Money)
Wednesday, 11 September
Business has sped up massively due to the internet and technology. So it’s easier to make money a lot faster than years ago. Rob discusses several ways you can make money with minimal or no money. One of the main ways you can do this is by using a variety of free social media platforms.
Look at your business model and if possible have a model where all of the boxes are ticked for the new decade that we’re in.
You could have a business model where there is small overhead such as Facebook supporters, Patreon, Shopify, Amazon etc…
Facebook groups are really big at the moment so join all of your industry related groups and pages. Then join all of the groups and pages where your potential customers will be.
Have your own Facebook group for your business, brand and niche because that could be the next big thing.
Become an affiliate where you don’t have any overhead, it’s a very good business model that you don’t need money for but ensure the companies you work with align with your values.
Ensure you are active and visible on all social media or at least ensure you have an account set up and visible. This is so when people search for you at least people can see you’re there and they’re all free. You could then hire a VA to do your posting for you.
Have all of your files accessible by mobile so you can work from anywhere in the world. You can then work when and where you want. This is more flexible and could give you more time to leverage and be efficient.
A little hack I’ve bumped into: Follow influencers on Instagram and notice the ones who comment on their posts. When they make posts, comment on their posts to try to have them notice you. You can do the same in Facebook groups.
In all of these Facebook groups there are rules however a lot of these groups you can sell in, so go sell in them. You could also run ads on your podcast or gain sponsors.
LinkedIn has huge reach because even if you had 1 connection, you could still reach lots of people out side of your network.
Have a good payment provider, Stripe is quick and cheap. Ensure you can take money into your business quickly and easily.
‘Money loves speed and hates friction’
‘There are about 7 things you should think about in starting a new business model’.
‘The sooner you start; the sooner you will grow’.
‘Once your social media is all set up and you’ve grown your following, you can monetise it.’
‘Don’t be a troll but challenge their views’
‘Starting at the beginning should be a reason not to do something.’
‘Every master was once a disaster, every tree was once a seed.’
The Money Podcast iTunes | Omny
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and a holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything.”
See omnystudio.com/listener for privacy information.