Many people use the excuse that they have no money to start their own business. This usually holds people back from really pursuing their dreams or pushing forward with ideas.
This is the exact problem with most people today, they are afraid of failure. What they fail to realize, is that you don’t have to have money to be an entrepreneur.
Different Types of Entrepreneurs
There are different types of entrepreneurs, and in order to become an entrepreneur yourself you need to know what these are.
- Brick and Mortar Style Entrepreneurs. These are the entrepreneurs that go out, take out a small business loan, risk their hard earned cash on a piece of property, a lease, or manufacturing a product. While this is an okay way to become an entrepreneur, it’s not going to be done with no money down.
- Online Sales Entrepreneurs. These are the entrepreneurs that build a website, sink some money into manufacturing a product once again, and then sell that product online through their websites. This can work as well, and over time maybe this is where you plan to be. However, when you’re just starting out this can’t be done. Reason? You have no money.
- Affiliate Marketing Entrepreneurs. This is the category you will fall into. Affiliate Marketing Entrepreneurs are those that build websites, generate quality content, and then advertise other sites products. A common example is Amazon’s Affiliate Program. All the traffic you send to their site that generates sales ends with you receiving commission.
Where to start?
I know you probably have no idea how you’re going to kick off your career as an entrepreneur, and I understand that you are here looking for help. I’m here to provide you that help.
The first step to becoming a successful entrepreneur is to build a website. Usually this task is extremely daunting, but luckily, there are resources out there like SiteRubix through Wealthy Affiliate that will help you to build a website for free. Click on the picture below to get a detailed walkthrough on creating your site.
In my opinion, I like to have my own personalized domain names so I actually do go purchase a domain as soon as I get the chance, but for now, we have no money so free domains it is!
Ideally you want to build out a few pages of really good content, allow your reader to understand who you are and gain some trust that what you post is meant for good. Once you get a website framework up and running you can move on to the next step.
Finding Your Niche
A niche is the specific topic or area of interest you want your site to target. If you are really into a particular sport, say baseball, then you would want to focus your website around your favorite part of the game.
If you really like baseball bats, a more specific niche, then maybe you can build a site that talks about the best bats for their price, and market them through Amazon. The sales you get on bats through Amazon will allow you to make commission, and considering baseball bats aren’t cheap, you can make a decent commission on every bat you sell.
Baseball bats are really just one example of a niche you can choose for your online business, ideally over time you will develop a couple sites that you really enjoy managing, and that’s how you will begin to generate a passive income.
Scaling Up and Tying to Social Media
Now I’ve recently discovered a great Instagram Growth Strategist by the name of Anthony Carbone. He shows you the basics of Instagram, and how to begin generating income through social media with his Wolf Millionaire Training Guide.
Personally, I like to tie my sites to social media. Instagram, Twitter, and Facebook see more traffic than almost any other site besides Google in a day. If you can learn and understand how to generate an active, interested following, then usually this will create traffic to your site, or allow you to advertise for others on these social media platforms. This brings me to my next point:
Eventually you will want to advertise. There are multiple forms of advertisement. A good example is PPC or Pay Per Click advertisement. If you want to learn more about specific types of advertising I’d suggest checking out this free course:
After you understand the different forms of advertising, and when and where to use them, you will start to realize that your online business is now generating more revenue than you had initially imagined.
Getting Your Cash
Ideally, you’ll be creating an income in just a few short weeks. Now you have to understand that becoming an entrepreneur with no money is not necessarily easy, otherwise everyone would be doing it. But, with some time and effort, and the creation of a quality website that fits within your niche, you’ll be affiliate marketing yourself to the big bucks in no time.
I personally have seen plenty of my friends turn $0 initial investments into hundred of thousands of dollars in just a few months. How do you think I ended up in this field?
I hope that this give you a solid introduction into the basics of becoming an online entrepreneur, and I hope that you’re now ready to start your journey on the path to creating generational wealth and passive income on the internet. If you want the tools that you need to learn exactly how to become a successful online marketer, check out my Wealthy Affiliate Review and see what you think.