This article shares how to start a business with no money. people who run business with no money this help you a lot.

HOW TO START A BUSINESS WITH NO MONEY?

Everyone is thinking that they need a brilliant idea to start a big and successful business. Some think they need a lot of money to start a huge business like Google, Tesla,  Microsoft, Apple, etc..., but those people don't know that Also those companies didn't start with billions of dollars and in this article will clearly explain you about how you can start a business with no money.

Some think they need an idea which customers need and they try to work on that day night spending total life on that, 

Big businesses like Facebook, YouTube, and Instagram are now running successfully because of opposition to that principle.

YouTube:

At first, YouTube was not a video-sharing platform, YouTube was started as a couple dating website at that time. Later, hearing the customer's feedback. They enabled the video messages on that platform. After years went by, they took all features of dating and changed it to a complete video sharing platform for users, and after Google bought it for 1.6 billion dollars. They enabled AdSense on YouTube which offered money to YouTubers. And many started it as their lifetime career.

Right now, the net worth of YouTube is 170 billion. Which just started as a couple of dating sites without money and made 170 billion now.

FACEBOOK:

At first, Facebook also started as an adult "HOT OR NOT" website and it didn't start with billions of dollars. But after many years in 2005,Mark Zuckerberg bought the domain of facebook.com for 200,000 dollars. He developed it as an information sharing and saving platform. which made him, a multi-billionaire in the '20s of his life.

WHY MOST STARTUPS FAIL:

Eric reas started a messenger called im vu and then made that a complete product. And launched that to market with investing a lot of money earlier, but the people were not ready to use that. Because he made a product which consumer doesn't need.

So, imvu become a failed product. 

Before starting a business remember that you are creating something that consumer needs.

LEAN STARTUP METHOD IN BUSINESS?

This lean method startup will continue as a cycle that helps you to put in fewer efforts and make you a lot of money.

1.BUILD MINIMUM VIABLE PRODUCT

2.LAUNCH IT AND SEE THE RESPONSE

3.LEARN YOUR IDEA IS WORKING OR NOT

FOR EXAMPLE:

THINK THAT THE SHIP IS NOT INVENTED IN THIS WORLD AND YOU ARE TRYING TO CREATE A SHIP. AT FIRST, you have to launch a prototype that is a boat and commercialize it. Apply second protocol that is the response of consumers to your product. if a positive response were given by the consumers develop a cruise ship if it was negative apply the third protocol that is a review of your consumer and changing it according to their need biggest companies as Google applied this protocol to their dream product.

ONE OF THE BEST EXAMPLE OF THE LEAN METHOD WAS:

ZAPPoS.COM

The webmaster of Zappos first developed an idea that people will buy daily needs, he bought shoes at nearby shops and placed them on his Zappos website, he received many orders and sold those for high prices and implemented that as a company. WHICH IS NOW A MULTI-BILLION DOLLAR COMPANY.

BURBN:

A person called Kevin made an app called bourbon which consists of a game called mafia conflicts and a photo-taking website with readily available photoshop features with that photo which is completely customizable.  After hearing of the user's review he made a discussion with the co-founder of burbn and removed all games except hot features and made that a full website and which is now Instagram which you all know and use already.

80% failure of businesses?:

We may seen the people who start up a business and quit it when they don't get enough results. But instead of quitting it, you have to pivot it I mean applying those three rules and expect customers review.

If you start a business, later remember that you apply the lean method of success.

If you get a positive response from your business upgrade it enough and launch with little more features.if not take the pivot to alter your product according to consumer review and relaunch it.

And our people will not have enough money for their business and they can't take a lot of pivots and remember to take pivot with less money.

So that's all for now, you may check labels in our channels according to the business topic and please follow us for information.

Then don't forget to share to your friends who all are with the idea of starting a business.