Today we will talk about how to start your own business.
First we are going to focus on starting your business from scratch, and in the end we will
talk about how you can start a business without any money.
Let's jump right into it.
First, Start with an idea.
This is pretty straightforward.
You need to come up with some kind of idea for your business.
Play with your idea, google it, see if someone already came up with it, is their business
successful, is the market saturated?
How are you going to beat your competition?
At this stage when you're brainstorming your idea you should keep two things in mind.
If you want your business to be successful you either have to be better than the rest,
or to be different.
For example maybe you want to start a business selling cookies.
Being better means that you're prices are lower or the cookies taste better.
Being different on the other hand means that you are unique, maybe your competition has
defined look and size for the cookies, but your company allows your customers to design
their own cookies on your website and buy them afterwards.
This is being different.
Keep this is mind when you are comparing yourself with your competition.
Also a very important question to ask is, how much value do you bring your customers?
Do you bring more value than your competition?
If not, how can you increase it?
The more value your product or service offers, the easier it will be further down the road.
So you've analyzed your idea and the market, and you've calculated it should work just
fine.
Great, begin the second phase.
Build your idea into reality.
This is where most people get stuck, they just come up with ideas and never act upon
them.
Having idea is great but it means nothing if you never make it a reality.
I can't stress how important it is to get started.
It's far better to try it and fail than to not try at all.
Believe that you'll figure it out as you go.
When you get to work on your idea, you will face obstacles that you never thought even
exist, and you will be forced to come up with new solutions to overcome those obstacles,
as a result your idea will change and mold itself into something very different than
it was when you first started.
I wanted to learn something new everyday and improve myself, and also create videos about it
So I started this channel.
At first I started with a whiteboard and a camera, I would record a time lapse of
me drawing images on the board.
My drawing sucked, so, I had to change something.
The idea was the same but I needed a different approach.
I tried animating the videos with Illustrator and After Effects.
Unfortunately that didn't work as well, the videos took too much time to produce, so,
again I had to adapt and change.
Lastly I found out a software that can make animated whiteboard videos.
It combined my first approach the whiteboard, and the second approach animation to produce
animated, blackboard in this case, videos.
But do you think I would've known about the software if I didn't started in the first
place?
No!
Not in a million years.
No way I could've known that you can make animated whiteboard videos with a software
If I didn't started.
So many people get discouraged because they think their idea is not good enough and it
will fail.
Well I failed so many times and I am still failing when I am making these videos for
my channel, but as Thomas Edison said, It's not failing Its just finding out different
ways that don't work.
And last, this is very very important.
Test your idea, get feedback, adapt and change, then repeat the process.
This is the reason I changed my second approach, it took too much time to get feedback.
This is one of the mistakes a lot of people make.
They build their business without testing and they think since they've spent too much
time on their business people must like it.
I learned this the hard way.
I've spent more than 200 hours on a single video, I thought wow this is brilliant, people
will absolutely love it.
So I posted the video and went to bed.
In the morning, I thought, I'd have thousands of views, but in reality, I woke up and had
like 11 views.
So don't do this mistake with your business.
Build something as fast as possible, show it to people get their feedback, adapt and
change, then repeat the process.
The main thing about building a business is really to get started, persist, and to have
the right mindset.
If one thing doesn't work don't give up and quit, change it and eventually you will
find something that does work.
But how do you start a business without any money?
Let's say you have no money in your pocket or maybe just as little as a 100 bucks, and
you want to build a business.
Can you do it?
Yes.
Will it be easy?
No.
Building a business is hard, and building a business without any money can be even harder,
and not every business can be started without money
First.
Build your business around your skills and knowledge.
For example if you are good at marketing, you can start, let's say a dropshipping
business, and if you're good at cooking, start a cookie business.
For me its Android.
I am skilled in coding android apps, so my business will be related to an app,
because I don't have to spend money for the application.
I can develop those apps myself, so the only thing that I will lose is time.
But hey when you don't have money you must trade your time.
Second.
Build your business as an online business.
In today's world we have a big advantage as we can reach millions of people online virtually
free.
You can start an Instagram account, or a YouTube channel Then you can use your skills to give
your audience value and reason to follow and watch you.
After that you can monetize your audience and continue to grow your business.
I've seen so many clever ideas that are successful on YouTube.
One dude was great at physics so he started making simple videos about physics, people
loved it and donated money for every video he made, another example is a dude that started
One guy was trying to learn new things as fast as possible, like juggling, riding a
unicycle – and recorded it on camera.
People loved to see how he struggles and eventually reaches his goal and also supported his videos.
I personally follow one guitar player that does electrical guitar covers from popular
songs.
Over 2 years he gained around 200 thousand subscribers, he uploads the songs on different
platforms where his audience can buy his songs, thus effectively starting a business using
his skills and knowledge instead of a starting capital.
Third.
Obviously not every business can be started without money.
If that's the case with your idea, you can try to secure an investment.
You can search your local business accelerators or find investors online, but you will have
to have a solid business idea and a business plan that you can pitch to your potential
investors.
You can also try crowdfunding.
There was an idea with a cube that had different buttons and wheels that people can use
to keep themselves entertained.
It reached around 150 thousand supporters and more than 6 million dollars in funding.
It shows you that it really is possible to start a business without money, and the
only thing that's holding you back is your creativity and willingness to start.
I hope you got encouraged from this video to start your own business.
Many people think that their idea is not that clever and
never get started in the first place.
But everything you see around you is made up from people who are no smarter than you are,
so if they can do it the only thing that's stopping you is your mindset and lack of action.
Anyway be sure to subscribe and hit that bell button so you don't miss the upcoming videos,
thanks for watching and I'll see you next time.
Just received a check for $500.
Trả lờiXóaSometimes people don't believe me when I tell them about how much money you can make by taking paid surveys online...
So I show them a video of myself getting paid over $500 for paid surveys to set the record straight.