How can we start a startup without funding?
When you think of business, the first thing that comes to mind is money because without money you cannot move forward even a step. Because whether to open a small shop or start a startup, all these investments will require money, sometimes because of money we have to face many problems, drop the ideas, sometimes half of the budget work. have to do. The ranks go up, and sometimes even after having the money, if there is no proper execution, then things go bad.
The question also comes in your mind that can a startup be started without
funding?
let’s know
Getting funding for any startup is not an easy task, unless your idea is promising to anyone, no one will want to invest their money in your work.
The data is from 2010 to 2020. Startups with technology have received over 800 sector wise funding
About 750 in the e-commerce sector
Have invested in lowest rate and consumer sector, then only after such data research you can find out what kind of things to invest in
So now let’s talk about how to start a startup without funding.
1 LLP Registration (Limited Liability Partnership )
This is such a registration, the cost of which is very much work. And getting its license is very easy.
Expense ,
Only 8 to 10000 thousand are spent in the name of expenses.
So to register your business, you can choose this option. Remember that without funding means a large amount, but if you want to register your business, take GST, get a PAN card in the name of the company, or open a bank account. So these simple things will have to be done by Afiko and these expenses will be from your own pocket.
2 Use E-Commerce platforms
To do your business, you have to set up a factory, open a showroom or need a big corporate office, there is nothing like that. If you make any product, then it can be easily sold on the e-commerce website.
Nowadays, people associated with Manufacturers, Product Makers, Self Help Groups, Garment Business, Jam Juice Pickle, Handicraft, all these things want to reach their customers, they are going on E-Commerce platforms.
All the popular e-commerce platforms like Amazon, Flipkart, Meesho Alibaba Group, you can sell your products in all these places, for this you have to pay a very small fee. And as due to online trends, people are looking for everything they need online, just you have to maintain your focus.
3 Do marketing not manufacturing
If after buying a product it is your habit to read its label, then it is sure that you must have seen its company details, which company has made the product, said company, etc. .. In such a situation, you must have seen that it is written on the label of the goods that both the company making the goods and the marketing company are different, many times it happens that the company would make its goods and type it with a company whose market The presence or brand value is high, and the marketing company sells it under its own name.
So overall the matter is that after buying goods from the manufacturer at work price, the marketing company keeps its profit and sells it after fixing its price.
That’s why if you get your business registered, then you can earn good profits only by marketing.
Documents:
For this, documents like company registration, food license form FSSAI, brand logo registration, GST are necessary.
Your earning totally depends on your skills, but it is the most popular option for startup without funding
Now with this you can also become a service provider in future.
4 Become a service provider.
Startup does not mean at all to start with crores of rupees The basic of startup is to start afresh, so if you want to do something without funding, then become a service provider.
eg: digital marketing agency
medical transcription
web development
media planner
creative designer
online fitness instructor
Coaching classes
Photography Services
Search Engine Optimization SEO
Like, there are many fields. Where you can give your service to Companies, Individuals, Institutions, Business Firms who need any solution with your knowledge and expertise.
In this, through social media, you can reach your quality, knowledge, skills to the experts through paid promotion. Your earning will come from your dedication.
5 business is all about an idea
If you want to do your business with zero investment and funding, then you have to keep working on different ideas, and if you think that your idea is good then make a presentation on it and organize it to the right people. , Institutions, Commercial forums, have to express their views.
If one idea does not work, then focus on the other, slowly you will also come to know that from which angle the idea will run in the sector. Along with this, your identity will increase by meeting people on client calls and on social and commercial platforms.
7 Affiliate Marketing
If you are a good blogger or make good videos or if you are a good communicator then you can also earn from affiliate marketing, even without zero funding, the business of affiliate marketing can be done as a startup, if you are like this Also know people who are social media influencers, actors, singers, sports persons who have maximum fan following on social media, then promote the products of those people who need marketing. Apart from this, you can earn from affiliate marketing on YouTube channel, blog, and website.
- Crowd Funding Now talking about crowd funding, this is a yes option where you can start a business or startup without investing money, where you can promote your idea through public crowd funding platform.
These days there is so much craze for startup and entrepreneurship that people want to invest on good ideas. Buying the company’s shares through EPOs and investing in the share market, so with low capital, working on a new idea or taking the risk of investing is a good way for many people.
Conclusion
Hopefully, if you also want to start your own startup without funding, then this post must have given you a lot of knowledge and you will be able to decide what to do.
