Almost No Money Needed To Start A Profitable Business And Earn $50-$100,000 In Your First Year
There are two industries where you can start making money as an independent contractor and then business owner with almost no money. I use the work almost because you will need a car that runs, buy gas for the car and have a presentable appearance.
Considering these basic requirements, you may need to work for expenses like gas for your car and food while taking the action steps to building your business. One lady who started working with my firm Tampa Capital Partners currently borrows a car and spends maybe $50 per week on fuel and expenses. She is on track to make more than $100,000 this year.
The Top Two Industries For Earning Six Figures From Your New Business In The First Year Starting With Almost No Money
The really good news is these industries are proven to produce the income for people willing to follow the directions. Following the directions means coachable. Don’t worry…it is true I am a business coach and business consultant, there are many people who will help you for no money. You will need to be careful in selecting these people so you are not wasting your time with inaccurate advice.
I encourage you to keep an open mind about the two industries I am writing about. They are:
Real Estate Investing and
Network Marketing or multi-level marketing (MLM).
Right up front there is a disproportionate amount of negative information published about these industries. It is beyond the scope of this article to address those inaccuracies. For now consider the following:
How Do You Get Started With Almost No Money
Network Marketing or MLM
Here is one way and there are others: find a company with a wholesale sales program for a product that retailers would like to sell. Find a distributor of that company who is willing to lend you some sample product and teach you how to approach retailers for selling the product or product line in their stores. When orders are received, the distributor pays you a portion of the profits.
Once you have made enough money to become a distributor (usually between $200 and $2,000 then you can develop your business using all the avenues for building profits that you will be taught. MLM companies are often a great resource for learning business, marketing and presentation skills. You will meet great people who are very willing to teach you. One company that is very friendly to wholesaling is Organo Gold. Their product line appeals to everyone and is great for church and charitable fund raisers.
Real Estate Investing
The best way to start in real estate with no money is to work for a real estate investor who will teach you in exchange for the work you do. The work will include networking, sending letters, going to the courthouse, evaluating deals and more. I have developed a special program in the Tampa market to attract people who want to learn. It is called Tampa Capital Partner’s Apprentice Program
I look forward to your comments on other ways to quickly build a successful business with almost no money.
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About: Steve Pohlit CPA,MBA has been the CFO and COO of major domestic and international companies. Steve has extensive business ownership experience having purchased and started off line and on line businesses.
Steve offers his business building experience to companies and entrepreneurs with business coaching and business consulting. His focus is on building business profits and net asset value at above average rates. Steve incorporates health and wellness plus relationship guidance in his work as they are at the foundation of achieving all goals.
All articles published by Steve unless specifically restricted may be freely published with this resource information.