Thursday, 23 May 2013

How to Start a Business With Only $100 in the Bank

Dan Schawbel, Contributor





Chris Guillebeau
Chris Guillebeau is a writer, entrepreneur, and traveler. His latest book, The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future, is now a New York Times bestseller. During a lifetime of self-employment and ventures ranging from online publishing to volunteer work in West Africa, he has visited nearly every country on earth before the age of 35. Host of the World Domination Summit, an international gathering of creative people, Chris is focused on encouraging individual quests while also “giving back.” His main website, ChrisGuillebeau.com, is visited by more than 300,000 people a month.
I interview Chris about his book, how he believes people can start a business on a small budget, how young people can turn their passion into profit, and more.

Why did you call your new book “The $100 startup”? Why is it possible now to start a company for almost no money?
I traveled across the U.S. and around the world, and kept meeting unconventional entrepreneurs — people who had started a business almost unexpectedly, usually without a lot of planning and almost always without a lot of money. Most of them did so for $1,000 or less, and half of them did so for $100 or less. My goal was to tell their stories in a way that readers could use in their own quest for freedom.
It’s now possible to reach people (customers, clients, subscribers, etc.) based on shared ideals and values. Microbusinesses of one sort or another have been around since the beginning of commerce, but the ease of connecting with people is a new phenomenon. Also, a large percentage of the population is being comfortable with making purchases online. These things create a perfect storm of economic convergence. It’s never been easier.
Should college students start businesses over getting internships and jobs? Why or why not?
I’m not interested in telling anyone what they should or shouldn’t do. What I’d say, however, is that more and more people are opting out of the system. More young people are going it alone and finding much more success by taking matters into their own hands. If you can do so while keeping risk low (i.e. not spending much money), why not try?
Young people choose meaningful work over higher salaries. How can they find work they love and turn it into money?
The key is to connect the work they love with something that other people also love. Not everything you love can be turned into a successful business. I used to play video games, and no matter how good I was at Halo, no one came along to give me a check. However, I later learned that there were *other* things I loved — international travel, creative self-employment, writing — that I could in fact monetize.
That’s why it’s so important to focus on the question of *usefulness*. How will your idea serve others?
Can you share a story from your book of someone who created a successful business with $0 invested?
Most people spent *some* amount of money, even if it was just the cost of a $50 business license or a $10 domain name. But far more important than money was the investment of sweat equity — taking the time to make something meaningful. Brett Kelly wrote Evernote Essentials, a guide to the free Evernote software. His initial goal was that it would make $10,000 over the course of a year. One year later, it had made more than $100,000. Initial startup costs were essentially zero.
What are your top three tips for a $100 startup to get off the ground?
1. Turn your general idea into a specific idea. What’s the product or service? Who is going to buy it? How will you get paid? Again, be as specific as possible.
2. Don’t wait to get going. Aim for 30 days or less to actual startup time. Do whatever it takes to make that happen — get a free website from WordPress.com, sign up a Payment Processor account if you don’t have one, and put your offer out to the world even if you don’t think everything is 100% ready.
3. Tell everyone you know about what you’re doing. Don’t spam people, but do contact your friends to say, “Hey, I’m doing this thing — want to help? Can you spread the word?”
4. A bonus, fourth tip: after the offer is out and you get initial feedback, commit to a process of continuous improvement. Every day, identify 1-2 actions you can take to further develop the project. Even if they’re small actions, the process will help you focus on being proactive instead of constantly responding to things.
 ========================================================================================== Create new Income Streams

The rich usually have several money-making schemes going for them
– Rich Templar

Get the Easiest and Most Practical Way to having yours by Promoting Referral Items.
Check these out:
1. You’ve got to have a website or a blog.
2. Use Valid Email Address.
3. Signing up free for an account with a payment processor such as "Payza".
4. With these in place, join various network sites hosting merchants' products/services. There's usually no charge. You join; you get your own referral link code, so that you can send people to the destination with your own code branded into it. This way, the merchant can determine that the sale was originated by you and you earn a commission.
5. Choose from the more popular sites for information and/or hard products or services. Many of the products or services offer very generous commissions.                            
6. You can also examine the links that appear here and here and join the sites.
We have spent the time and put in much effort to create for you something extraordinary! Go to the websites, relax, watch the videos, and get ready...they Can Easily Make you Financially Independent and many more! You will have more reliable ones as you continue to hang on this blog
 7. Once you joined, just do a search in the network company to find your favorite product/service.
 8. Grab your code and promotional creative, text, banners, etc.
9. Place the link on your website or blog.
10. Go ahead and promote your website or blog. You should get many visitors to your website or blog in order to be able to get enough sales.
11. Do a review of the product/service of your website and make a recommendation. A very good way is to review products/services and point out their pros and cons and rate them according to their quality.
12. Even better is to have your own experience with that product/service and share it with your visitors.
13. Only a small number of your visitors are likely to follow your advice and buy and this also provided that you've done an honest and good job promoting it.
14. You should take a look from time to time in the stats in your account at the network company to see how you perform. The good thing is that you don't necessarily have to deal with the merchants. You can just join a reliable and reputable network hosting the products/services and doing all the work for you.
Click here to check out for some of the Best “Get Paid to (GPT) sites.



So what are the risks?   With any new startup company you are at risk if the company doesn’t make it. Plain and simple. If you focus on promoting only one product, service, affiliate program or business opportunity and it doesn’t sell or the company goes down – you have nothing! But when you create multiple streams of income – if one of the streams dries up – it’s a bummer but not catastrophic.
 Read The Myth of Easy. Why You Don’t Want Easy Online Marketing  

Here, we will always preach the power of PRODUCTIVE LIVING and of creating MULTIPLE STREAMS OF INCOME as a way to help you make for yourself a large, stable, diverse, passive residual income with less effort and less cost. Earn instant multiple income streams daily. Keep coming back to the blog as we keep on identifying the best methods, unique strategies, effective techniques to earn unlimited income from paid to click, surf, read, promote and sign up excellent passive income sources. These are revolutionary ways to make money online. We select, review and recommend to our associates the best PTC paying sites. In a nutshell, we are helping thousands of people worldwide become their own boss from their own home. The best part is No matter how much experience you have online you can make money month after month! So, Stay subscribed for more-make-money tips & tricks...


Are you interested in generating income from Transport Partnership Click here to check it out!


My Web Browser pays me! Does yours pay you? Click here to check it out .

Get Paid for Your Opinions. Click here to check it out.

Click here for Amazing Buzz on the Internet!  


Join our Facebook Page because we want to connect with all of you as the individuals you are, rather than random statistics and figures on our blog counter. With this page, we hope to know all of you better as readers, individuals and friends. At the moment, there are over 17000 amazing Fortune Fair readers on the page.

If you’d like to give us a chance to know you better, we sincerely invite you to connect with us on our Facebook Page and Follow us on Twitter. We’ll greatly value your friendship and make the effort to read every message or tweet and reply where we can. Click here to refresh yourself.

No comments:

Post a Comment