What is a zero investment business?

  A zero investment business, as the name implies, is one that requires no money to start out. Technically, a zero-investment firm may still have some initial fees, such as the cost of registering a domain name or establishing a base for your business with a virtual office area. But compared to businesses with traditional startup costs (such as inventory, warehousing or permanent office space), zero investment businesses are a great entry point for beginners. This includes entrepreneurs with limited capital, or people looking to start a business as a side hustle.

 Start providing Services :- 

  Starting a service-based firm frequently costs relatively little capital and may be readily scaled up. Digital marketing agencies, medical transcription, web development, tutoring, and other similar businesses require very little capital and infrastructure to get started. There are also some fantastic home-based business ideas on this page. Further, the Government of India provides an exemption on Service Tax applicability until a business reaches an annual turnover of Rs.10 lakhs. Therefore, small businesses that provide services do not have to collect service tax from customers, giving an edge over established businesses. You can also find numerous clients for starting a service business on platforms like lance and Freelancer.

 Create a digital product :- 

  A business based on intangible products tends to be cheaper to start because there aren’t costs such as manufacturing, inventory purchasing and warehousing to worry about. The question is: what expertise do you have that would translate into a compelling digital product?

 Government Schemes :- 

  The Central Government and State Governments have a number of schemes to promote first-generation entrepreneurs. These schemes provide seed funding for the Entrepreneur to start a business along with the required bank loan. Some of the schemes that provide such funding are NEEDS Scheme in Tamil Nadu, Self-Employment and Talent Utilization Program (announced in 2015 Budget), etc., Entrepreneurs with limited funds can also contact the nearest MSME Office to inquire about seed funding schemes from the government to find ideas for starting a new business with no money.

 Compile a Great Business Plan :- 

  If you have a great business idea but no funds to execute, then preparing a business plan would be the way to start. Today more than ever money is not required to start a business with plenty of private equity firms and angel investors looking to fund the next big idea. Therefore, it is important to prepare a good business plan and a pitch presentation to showcase the idea to friends, family and investors. Also, forums such as TieCon, CII, FICCI, etc., conduct regular pitch presentations wherein you can easily reach out to prospective investors. So make business plan and get ready to pitch – if you want to start a business with no money.

 Start a dropshipping business :- 

   With a dropshipping business, third-party supplier stores and ships inventory to customers for you. It’s an easy and cheap business to start because you don’t need to buy or store inventory yourself. All you need to do is find the right supplier and market your business.

The dropshipping model works well with product categories such as:

• Apparel
• Accessories
• Beauty and lifestyle products
• Homewares
• Tech gadgets