 |
 |
 |
           |
 |
 |
 |
|
 |
 |
|
|
|
 |
Can You Make Money Without Money?
When I ask why you don't start your own business, I always hear, "I don't have money to start a business." This is a common excuse people give for not starting their own business. There is truth in the statement. You actually need money to make money or to start a business. But the question is "Do you need a lot of money or little to start a business?" and "Whose money do you use?" Yes, I admit that it does take money to make money but it doesn't need to be your money! Recently, one of my friends closed his restaurant business due to staff problems. But he quickly jumped to another business opportunity. The business idea is so good that I want to share with you. He is now running a training company. He focuses on corporate training. Basically, what he needs to do is to bring in famous trainers to his workshops. Market and promote the workshops and get people sign up for the workshops. How much money do you think he needs to invest to organize one workshop? From getting the speaker to marketing, from selling tickets to renting a venue? It will definitely cost a lot of money! Even if you only talk about marketing. You know how much money my friend put in to organize a workshop? Close to zero! How could that happen? How on earth that he doesn't use his own money to organize a workshop but all the profits go into his pocket? Here is how. He got the idea to look for sponsors for his workshop. After a few rounds of searching and corresponding, he managed to get big companies to be the sponsors for his workshop. For companies to become my friend's sponsors, they need to contribute money to promote the workshop. This single idea helps my friend to save hundreds of thousands of dollars in marketing. Not only that, his sponsors also help him to market and sell tickets for his workshops. He also can leverage on the sponsors' client databases. Of course, my friend doesn't mind to give some commissions to the sponsors from the sales of tickets. It's only a small fraction of the whole profit. By making such an arrangement, a lot of work is off-loaded from my friend. It's like having a well-oiled machine working for you without much of your involvement. My friend doesn't need to invest a big sum of money for his workshops. Someone else will pay for his workshop expenses. Does this sound like an excellent business idea? Of course, it does. This is what I call ideas at work. Making money does not necessarily require huge capital, it's all about coming up with ideas that other people are willing to invest in. As Napoleon Hill once said, "One sound idea is all that you need to achieve success." And also stressed by Robert Kiyosaki "Money is an idea." Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html
MORE RESOURCES:
Entrepreneurialism - Google News |
|
|
|
RELATED ARTICLES
How Entrepreneurs Succeed - The 5 Qualities Needed For Business Success What is it that sets a successful businessperson apart from an average businessperson? Is it down to pure and simple luck, or is it all about having an amazing idea and a successful and strategic business plan in place?Well, these factors do indeed go a long way to turning a good business idea into a successful business operation, but they have nothing to do with what makes the 'person' succeed at business.Every great entrepreneur naturally has 5 key attributes that sets them aside from their competition and that ensure they will succeed where others may fail. The Cockroach Test Let me ask you a question? Imagine I would offer you $10 for eating 10 living cockroaches. Would you do it? Now listen, I raise the ante and offer you $100. How to Start a Franchise Franchising InformationFranchise oppotunities are all around us today. You may pop into Starbucks for coffee and then head for lunch at MacDonalds before returning home and ordering your dinner from another local franchise, Pizza Hut. From Bank Clerk to Entreprenuer What seems like a century ago, I left school and joined a well-known High Street Bank. In those days working as a bank clerk was a well-established route for many school leavers and perceived to be a proper job with prospects. Creativity & Entrepreneurship: The Secret to Discovering Your Purpose in Life!© Hello Creative Entrepreneurs!In the second course on Creativity & Entrepreneurship we begin with a guided meditation that I created entitled: Dream Keeper-Gift Giver©. You ask: what in the world does this mean? Well, it's a very profound secret I discovered about myself fifteen years ago. Realism vs. Optimism in the Business Plan The most important function of a business plan is to create interest among investors so that they write a check. In achieving this goal, business plan writers are often challenged by determining the proper level of optimism in their plan. What Makes an Entrepreneur? Rupert Steiner in his book 'My First Break' attempted to define the secret of becoming an entrepreneur and following interviews with over one hundred entrepreneurs, Steiner concluded that there was not one defined path. He has, however, drawn out observations of an entrepreneur's personality traits. Traits of The Successful Entrepreneur Want to know why certain people succeed and others don't. Well successful people have certain traits? Do you have them? Business has changed a great deal over the years. Ex-Yankee Pitcher Pitches Barter As Powerful Business Tool Mission Viejo, CA - June 14, 2005 - Bob Meyer, a former major league pitcher in the 1960s who signed four-consecutive major league contracts with the New York Yankees, is now the most visible spokesman for the worldwide commercial barter industry.Meyer is the publisher of BarterNews, which he founded 25 years ago. Franchises - Emotional Fulfillment - Control Your Destiny Does A Franchise Meet Your Needs?When you think of becoming a businessperson by making the transition from employee to Franchisee, you don't generally think in terms of emotional fulfillment. However, in reality, the evaluation of emotional factors should play a significant role in making that final decision to join the world of the capitalist, or remain in the realm of employee. Abstract Business Marketing Strategy for the Entrepreneur If you look at those Corporations in franchising today you see the great companies that use these systems to move markets and deliver products and services to America. Franchising is obviously a power play in the marketing strategy game book. The Entrepreneurs Prayer As I awaken with the gift of yet another day and prepare for the tasks at hand, I offer up this most ardent prayer:I pray for continued clarity of purpose so that I may hold my vision steady and keep my focus on the needs and success of others, which in turn shall bring me my success.I pray for the wisdom to expect abundance in my life, that it surrounds me and is available for the taking and to be shameless and unapologetic upon its receipt, for I deserve abundance. Self-Esteem and the Entrepreneur Isn't it funny how people think that being self-employed is so cool? They think that you get to take lots of vacation time and spend all of the profits. What they don't realize is that you put in outrageous amounts of blood, sweat, and tears to get there. Is Running a Business for You? Not everyone is cut out to run a business. Not everyone is cut out to be an entrepreneur. Top 10 Mistakes Entrepreneurs Make Before They Even Start So you want to start a business. You have an idea. Business Is No Guarantee of Riches Q: I'm thinking about starting a business since that seems to be how most rich people get rich. I don't have any business experience or much money, but I'm a fast learner and have lots of energy. Four Steps to Entrepreneurship As more and more people start or consider starting their own business, it is important that they understand the core steps that are required to launch successful ventures. These steps include spotting, assessing, selecting and executing upon opportunities. Angel Investors: 7 Online Business Plan Scams and 1 Real Deal We've all seen the hype: "We'll put your plan in front of thousands of investors!" "We'll write you an award-winning online business plan!" "Only $3,000 for thousands of investors to learn about your company!"I cringe every time I see one of these ads. Vultures are preying on honest business people who want to fund their businesses. The Magic of Thinking Small Hey!Many of you might disagree and I'm prepared for that.Many 'guru's' might say "Mike, you're wrong. Applying The Daffodil Theory into Business Practice At times all of us need a bit of inspiration to add to our day. When I first read this article, I had started my own home based business and was in a bit of a slump.
|
 |