Starting a Business with No Start-Up Cost

Starting a Business with No Start-Up Cost

Like most people with the inherent entrepreneurial spirit, you must have had that dream of having your own business one day? But like most people with the same desire, start-up capital can be a big showstopper.

Ten years ago, if you find yourself in this position, you only have one option left for you to explore: to get a loan. Even with that, you have no assurance that you will be able to start your business. If you do get an approval for the loan, the next question would be: is it enough? This is a tough one, especially if you're planning to go into traditional retail. The cost can easily skyrocket in your first few months of establishing your business. Aside from the legal cost of setting up your corporation you will need to consider the cost for rent of the store, overhead for utilities such as electricity, phone line and internet connection, then there's manpower cost. Finally, you have cost to purchase inventory.

Even with all those checked off your list, you now have to contend with tough market competition, be prepared to spend on advertising and be at risk for not having enough demand for your product to sustain your business. Going into business is risky, but if you've got that fighting spirit, you won't let it crush your dreams.

Fortunately, fast-forward to today, most of those risks have become easier to manage. Even better, it is now possible to have your own online store and internet retail business without spending a single cent. You can use whatever start-up capital you've already raised on more sensible things like advertising your store.

Two things have made setting up an online store for free possible: free website templates and free dropshipping companies. So first, let's talk about getting your online storefront up and running. There are hundreds website template free to download on the internet. There are even some companies who will give you the entire package at absolutely no cost - this includes the storefront template as well as hosting and a subdomain. Before you sign up with any provider of free web templates, do find out why they're offering it for free. Are there any trade-offs you will have to deal with in the future? Are these bearable given you did start your business for free? Are there options to upgrade to a paid account in the future? If so, what are the fundamental differences between the free account and the paid options? When you've checked out all the detail and you're happy with what you're getting then go for it.

The second thing that makes selling online possible for no cost are free drop shipping companies. Essentially, a dropshipping company is a supplier that lets you source your inventory from their virtual catalogue to list in your own online store. You will not have any product on-hand at the time of listing, so it means you're not paying for any item to sell online nor are you spending on shipping any items to you for inventory keeping. Once an item is bought from your online store, you simply have to collect the payment and send in the order to the free wholesale dropshippers. They will, in turn, send the item directly to your end-buyer.

There you have it. Your own online store instantly, without cost.

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