I know you heard this statement many times whenever you discuss with anyone to start a business.
Starting a business is not a tough task for a person who is rich with money or have enough resources to finance a business.
However, your potential costumers, business risk, the ratio of benefit with investment and many other factors must be thoroughly studied and analysed for success of any business plan.
We are going to discuss 3 business options which can be started without any investment.
Explore Home Based Jobs
You can become such workforce by joining Amazon Mechanical Turk program.
You have to fill online application form of this platform and submit it for Amazon hiring team's consideration.
If they accept your application, you become a participant.
Moreover, when I applied from Spain, they rejected my application.
They rejected the application of my Spanish friend also.
Do they accept only participants from USA?
This is a question for investigation.
We will do this investigation someday.
Many companies put their demands for data entry workers and they can hire you for tasks.
The tasks could be;
1. You participate for data entry from orders of consumers, and data generated for to supply of products from manufacturers to consumers.
2. Initial customer care support for 24 hours 7 days by connecting to online customer care platform from home. If the problem is not solved, you can forward the case to technical department to handle it.
3. Survey for response from consumers about a product.
Amazon also needs a workforce for its own business.
Many others such as scientists need a specific population of people which fullfill their criteria or requirements of study for investigation.
They pay for having access of the contacts of such population or participants and may be you will be interviewed and will receive more money.
I know one which pays $ 50-250 for interview with medical doctors.
You can contact me to know more about it.
There are several other such platforms which you can find reading my article:
Now question is: Why not you provide such workforce by negotiating with companies.
You can launch today such business at zero cost.
I know one of my nephews provide a workforce of labours to manufactures.
He earns enough money only using this approach.
There is Zero-Cost for him.
Similar you can do online but you have to negotiate with several stakeholders for
A. Creating a database of workers and identifying what they can do.
B. Negotiating with manufacturers, retailers, shopping stores, consumers etc what you service you can provide them.
2. B2B, B2C, C2C and C2B Networking
B is for business and C is for consumer.
B2B refers business to business.
B2C refers business to consumer.
C2C refers consumer to consumer.
C2B refers consumer to business.
Now you have to think which role is best and fit for you.
B to C marketing
A vegetable store is a good example of business to consumer, B2C, marketing, where the store owner sells vegetables directly to the consumers with no mediator involved.
Yesterday I visited one neighbouring Thelawala (a street vender of fruits) to purchase mango because this is the season of eating varities of mangoes.
Everyday I purchase from him 15 mangoes (4 kilogram) for my 11 family members.
First 2-3 days he sold me Rs 70 per kilogram mango which is much lesser than the price in Spain where I pay 2-3 Euro (Rs 90) per mango.
2-3 days I did not buy mango.
Then again I visited his shop and this time he sold me Rs 100 per kilo mango.
I asked him earlier you sold me Rs 70 per kilogram mango and now why you are selling me at Rs 100 per kilogram.
He explained me then the reason of this hike in the price.
He as a vender bought the mango in Rs 80 per kilo from stocks (Sabjimandi), he included in the cost Rs 5 was as a transportation etc charge, then Rs 15 as a margin or benefit for him on the sell of each kilogram of mango.
Earlier he was buying mangoes from stocks at a rate of Rs 60 per kilogram.
This local street business is a good example of B2C networking where a price hike at any step of a product supply chain has an impact on the final price of the product and of course, on the pocket of the consumer.
Watch video of this street walk adventure
Why not you become a part of this supply chain?
You can do it by:
A. Identify potential consumers
B. Distribute your phone number
C. Recieve their orders
D. Supply the products
At beginning it will be tough to receive orders from consumers but as soon as you generate a trust among consumers regarding product quality, price and supply time, you start to receive frequently orders from consumers.
Important is to give a personal touch to each consumer. In other words, you have to give a feeling that you care your consumer.
You have to make a call your consumers time to time asking about orders.
This business you can start at Zero-Cost by creating a good networking.
Customer to customer marketing
C to C marketing means a customer selling product owned or made by oneself to a person.
For example; a person selling his old electronic accessories , footwears, etc. to another person on internet or offline.
My nephew told me one of his friends recently sold his old MiA1 on Cashify app where he uploaded several photos of his mobile phone and all the information related to it, specially mentioned about its working condition.
Then, based on the period he used his phone and its working condition, Cashify offered him a deal with a suitable amount in which phone can be sold in.
He agreed with the offered deal and submitted his request to sell the mobile phone.
After a day he got a call from someone who wanted to buy his phone.
They, both consumers, met to negotiate a bit to lower the price.
But, after watching the phone's good condition, the buyer agreed to purchase the mobile phone.
My nephew's friend sold his old MiA1 for Rs 6,000.
This business is done customer to customer, however a business platform facilitate to sell the product.
Why not you start to sell such 2nd hand products.
You donot have time, you can send the product to my nephew, he can do for you but he will charge for his service.
Many business concepts based on networking are identified and developed.
I am sure many of them you already come to know due to networking agents who dedicate their full energy to visit your place or meet with you somewhere to convince you to become the part of their network.
Because they grow with as many as they have members under their network line.
I am going to discuss a networking business in which one of my friends is involved.
His main professional line is practicing medicine because he is a medical doctor with specialization in anesthesia.
It is very clear from beginning that you must have a permanent job and sidewise you can involve yourself in networking business for earning some extra money.
3. Buy-Sell products
Posts
