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Is it even possible to start an online business without money?
Many aspiring entrepreneurs would say, “To make money, you need money.” But that’s not entirely true.
When it comes to starting a business there is no argument that you need a product or service to sell. And to start with, you usually need a little money – that is, capital.
But unlike brick and mortar businesses, you don’t need a lot of money or experience to start an online business. In fact, there are several types of internet business that you can start without money in one day.
So, if you want to be your own boss but can’t because of financial constraints, your best choice is to use free online tools that don’t require any technical skills or previous marketing experience.
And you don’t have to sit through dodgy presentations and “business opportunities” – which almost always require a membership prepayment anyway.
Owning and managing your own online business can give you the freedom to work from anywhere in the world, depending on whether you want to become a full-time entrepreneur or build a part-time business for extra income. Either way, there are hundreds of business ideas out there, but many aspiring business owners don’t know where to start.
Five tips for starting your first online business:
- Take advantage of free, organic marketing. Make a social media schedule and regularly post content on sites like LinkedIn, Facebook, Instagram, and Twitter. Not only is this free marketing free, but it also helps your brand stand out and connect with your target audience.
- Avoid upfront costs. A small amount here and a small amount there quickly adds up. And paying bills before seeing anything in return can be daunting. Use free marketing software, organic marketing tactics, and free design templates to grow your business from the start.
- Put the work in motion. This may sound obvious, but you always have to invest in something if you want to start a business. So if you are tight on cash, this investment must be time and effort. Hard work is necessary for any business to be successful, but even more so for those who do not have the resources to hire a team.
- Tell friends and family. Find out about your new business venture, tell everyone you know. Post links or content in your social media bio that your network is likely to share.
- Become more resourceful. If you have never done this before, it is very unlikely that you will not encounter any difficulties. But the World Wide Web is largely made up of free information and resources that are just a search and a click away from being found. Change your mentality from “I don’t know how to do this” to “I can see how to do this”.
While it is certainly possible to start an online business without money or experience, it does not mean you will start without resources.
One of the most important steps in starting a profitable business is finding the right platforms to run your business processes on. Usually, this is done by creating multiple accounts and connecting the different platforms with third party integration software. This is where it gets complicated and difficult to set up.
But with a free Groove.CM account, you can easily create a website, create an email list, or open an e-commerce store – all in one place. No hassle, just choose a pre-made template and use the drag-and-drop builder to create everything you need in minutes.
So it is only natural that we recommend running your online business with our all-in-one Customer Relationship Management (CRM) solution, which is specially designed for digital and e-commerce marketers. But even if you were to choose other service providers with similar offerings to promote your business, the following concepts would still hold up.
Two ways to start a business with no money or experience:
- Become an affiliate marketer
- Start a dropshipping eCommerce store
Affiliate Marketing
No money? No products? No customers? No problem! Affiliate Marketing could be for you.
If you are an affiliate marketer, you can start your own business online without having to have your own listing. In other words, you make money promoting and selling someone else’s product.
There’s no need to keep or maintain inventory, ship products, or handle customer service inquiries. It’s a very convenient, passive stream of income after the initial setup as the merchant does everything after you get the customer to click the product link.
For example, you offer the product for sale on your website and each offer has a unique link that leads to your affiliate partner account. After a potential customer clicks on your links and then makes a purchase, you will receive a commission on that sale. The commission amounts vary depending on the affiliate partner. Popular partner sites are ClickBank, Amazon, and JVZoo.
Your only cost, if any, would be marketing and advertising spend to drive traffic and generate sales – but this can also be done organically in the beginning. Just pick a niche for your online business and focus your content marketing efforts on reaching that group.
That means you don’t need any money or experience to start affiliate marketing.
However, this is not always guaranteed. Many affiliate programs require you to first buy the products and then advertise them – or even fill out an application – and then often sell a paid product, which can be difficult for first-time affiliates.
While looking at other affiliate marketing programs (doing some due diligence before promoting anything) is perfectly acceptable, becoming a Groove JV partner is a safe and simple way to go.
If you are promoting Groove, you don’t have to sell anything. All you have to do is give away free accounts and you will get the sale when they are updated later.
ADVANTAGES OF AFFILIATE MARKETING:
- Low risk: No financial investment required (with Groove Partner Program)
- Hands-off business model
- Quick to start
- Easily scalable
- High-income potential
- Promote complementary products
DISADVANTAGES OF AFFILIATE MARKETING:
- No traffic = no money
- Working as a third party
- No control over the competition
Joining the Groove Affiliate Program
With a free Groove.CM ™ account anyone can get started and earn generous commissions by becoming a Groove Affiliate. Approval is instant as there is no application process and there is no need to upgrade to access the program.
Technically, you don’t even have to use our software to advertise our suite of products. But why build your business on something else when it really is the number one digital marketing CRM tool out there? It has everything you need (and more!) To convert leads into paying customers. You’d better promote it by using it! Even for promoting other affiliate products.
Groove wants you to be successful in their Groove Affiliate Program. When it comes to promoting affiliate websites Groove.cm has a team of internet marketing experts who know all about best practices and marketing strategies that have already been tried and tested.
And all of this is freely available in the GrooveDigital Academy.
Groove.cm has also developed pre-built, high-converting, customizable groove promotion tools.
Whether you are just starting out with affiliate marketing or have an existing network, you will find that our program is one of a kind – it’s quick, easy, and effective.
You can then also start promoting other people’s products later. Or even start making your own quotes once you’ve made enough profit to invest in another business.
Commission for the Groove Affiliate Program
When you sign up for your free account you get instant access to your own affiliate links and the admin area to start promoting Groove.
When you promote Groove products, you earn a 20% commission with your free Groove account. By upgrading your membership, you will receive a 40% commission on level 1 and 10% on level 2.
A Tier 1 conversion is when you refer a lead (through your affiliate link) to Groove and they convert. If that user then redirects others with their affiliate link, you will also receive a commission on those conversions which is level 2.
- 20% commission * at level 1 – for LIFE
- You can build a downline and get paid for your efforts * upgraded members get 40% on level 1 and 10% on level 2.
The good news is, no one can ever take the lead away from you. You own it for a lifetime. It’s locked up and hard-coded for you! We call this “first day wins”.
No matter when or where you upgrade in the future – you own it and get every commission guaranteed.
Plus, Groove Partners are paid weekly.
How to create an affiliate page with GroovePagesⓇ
Whether you are going to become a Groove partner or partner on other products, you need to create your first landing page for your affiliate sales funnel. However, this does not require any programming, coding or design skills.
The GroovePagesⓇ tutorials are designed to walk you through a series of videos showing you how to create your partner site. Follow this step-by-step tutorial at GrooveDigital Academy and you can be up and running your own professional-looking website in minutes.
Plus, on the official GrooveDigital YouTube channel, you can easily browse our library of in-depth builds and walkthroughs.
Dropshipping
This is an e-commerce business model with one of the lowest barriers to entry.
Typically, eCommerce entrepreneurs would have to spend a large amount of money buying and managing inventory in bulk before they can start selling products online. Dropshipping enables even the smallest business owner to start an online business – with no upfront investment.
This removes the financial burden and risk of sitting in a warehouse full of inventory that you may not sell, as well as the hassle of organizing logistics and deliveries.
Essentially, this means that as soon as a customer makes a purchase, a dropshipping store purchases that product from a third party and has the item shipped directly to the customer. Similar to affiliate marketing, all you have to do is focus on the marketing and promotional efforts to find customers.
However, your company represents the product and the overall customer experience, so it is important to use reputable dropshippers with a proven track record.
ADVANTAGES OF DROPSHIPPING:
- No risk
- Run the business from home
- Requires little to no entry fee
- No inventory or warehouse
- Fast scaling possible
- Create your own shop with e-commerce software
DISADVANTAGES OF DROPSHIPPING:
- Low-profit margins due to competition
- Problems with out-of-stock inventory
- Your brand is prone to third party mistakes
Create your own dropshipping shop with GrooveKartⓇ
GrooveKartⓇ is a free e-commerce platform that takes all of your e-commerce business operations in one place. (Alternative: Shopify, $ 948 + p / y)
Groove.cm makes it easy for everyone to get started with GrooveKartⓇ. Other platforms charge more for less, plus all the insidious extra costs for third-party apps that come standard and free with GrooveKartⓇ. No hidden fees!
In addition, the user-friendly interface means you can easily customize your shop with hundreds of templates and a simple drag-and-drop builder – so you never have to program or hire a web designer.
GrooveKartⓇ has built-in integration with AliExpress, an online retailer that enables small businesses to sell products to customers around the world with minimal capital. It also supports dropshipping, which allows businesses to take and fulfill orders without holding onto inventory. Exactly what you are looking for!
- Free access with full functionality
- free hosting
- Free custom domains
- Free integrations and built-in apps
- Free drag-and-drop builder
- Free templates with high conversion
- Free integrations for payment processing
Create your first free GrooveKartⓇ store
The stores are unlimited, but there is a limit to the number of stores you can build within a given period of time. For paying members, this is once every 7 days. For free members, you have to wait 30 days.
- Log into Groove.CM in your browser
- Select the GrooveKartⓇ app
- Add a new shop
- Create a subdomain and check availability
- Wait a few minutes for your business to be built
For more detailed information on how to fully set up your newly created shop, participate in the 3-day GrooveKart Accelerator Challenge or browse the GrooveDigital YouTube channel.
To Your Success.
