Introduction
We all have found ourselves wanting to start our first business. Still, unfortunately, as is often the case especially if we are young, we lack one of the fundamental elements, money. So how do I start a startup with little founding? Is there a way? I’ll tell you.
Yes, there is.
I can assure you all that there are so many niches in which it is possible to start with little if any kind of budget. But how can I be sure that I can start a startup in 2024 without having any kind of budget? Simply because “PERSONA” was born exactly like that, exactly with $0. So if I can make it for me, why couldn’t you?
Find your niche
It may sound repetitive, but unfortunately having a fairly precise niche in this case is a key part, since with such a low budget our startup will definitely not be able to operate in as many areas, let alone all of them.
I do not want to lie to anyone, but you cannot hope to start any kind of startup that, some unfortunately necessarily require medium/high budgets, but if you are interested in creating your first online content agency, you want to start with copywriting, video editing, content creation or dropshipping, these techniques can be used without question.
Choose a niche that is suitable for you, I tell you, if you choose something simply because you are interested in earning more money, you will not be able to keep going, passion, in this case, is vital, don’t jump on the first option that comes in front of you.
Define the Budget
However small it is, we cannot avoid giving ourselves a minimum budget that we do not want to exceed, even if it is a 0.
This budget setting succeeds in giving us limits, but more importantly, it succeeds in activating that part of our brain capable of ingenuity and finding a way to accomplish what we want without spending a single dollar. In 2024 we have content and advice online almost everywhere, even YouTube contains golden advice if you would just look it up for a few hours. Use your creativity and your brain to find ways to turn off as little as possible.
However, I recommend that you keep a small emergency budget, in case everything you need goes over a little, keep it only in cases of an absolute necessity, in which case, the less you spend the better.
Business Information
As I said in the paragraph before, we can find a wealth of information online without the need to pay a single dollar.
You absolutely must inform yourself before you start doing anything. Do not hope to start your startup without knowing even the bare minimum about the niche and what you should do, you need to be well-informed at least on a theoretical level. Nowadays we underestimate so much this type of knowledge without realizing the importance of study and information, try to do this even after you have started, I assure you that you will never really be ready enough.
Don’t be so conceited as to think you know everything, you absolutely must know more and more, and never stop learning.
Online Visibility
Thank God we live in 2024, without this, starting this kind of startup would be virtually impossible.
Thanks to social media we can get potentially infinite visibility without having to spend a single euro, but your time does. That’s why I recommend you go and look at some of my posts that are specifically about Social Media and especially Instagram (Link Here!). Devote as much the time you master your Social Media skills, you will get the best publicity you could imagine, especially if your audience is age low enough, this could really be the winning strategy.
We do not have enough budget to be able to afford non-organic advertising, you cannot hope to make money, without having people looking at what you propose. Remember.
Future investments
If you are tenacious enough you will be able to get to this last stage, future investments.
Ninety percent of people quit before they can get to the most fun part of all, which is this. In fact, to start a startup with such low budgets you will be forced to work extremely hard, I can assure you, especially in the first period.
But once you get past this first very difficult time, I can assure you that the first money will come in and you will finally have the possibility to invest some of the money you earn in your business! You will finally be able to improve your startup and be able to scale with even greater speed if you continue to work as hard as you did in the beginning.
Do not be in a hurry regarding these investments and most importantly, be sure that what you are doing is an investment for the startup, do not make the mistake of spending money simply to boost your ego or out of interest, if you need improvements and investment in the business use it for that and you will not regret it, I assure you.