How To Start A Money Making Business From Home Without Capital Or Risk!

Happy St Patrick’s Day!

With pubs and restaurants closed for the lockdown in The UK and Irelands, this will be a very quiet St Patrick’s Day. This is a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes.

At the same time, internet companies are getting richer. Never in history has more goods been bought on the internet. Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years.

High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK. The historically successful business recorded a loss of £517 million last year, but after store closures and redundancies expects 55% of future profits to come from online sales.

How does this help you get online?

The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza.

You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems. You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary.

Here are 3 simple steps.

Step 1

Sell solutions to people’s problems

Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream.com, 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche!

You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream.com and Mondovo.com absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free.

You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here.

Step 2

Set up your online business today

Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain.

You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more information, click here.

Step 3

Now decide what you are going to sell and how and GET STARTED!

Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10%-50%. This is essentially how some of the biggest companies in the world make billions in profits. Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission.

If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how.

Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose?

Saint Patrick was a fifth century missionary Bishop and is the patron saint of Ireland. As well as being a great missionary, Saint Patrick was also an extremely good organiser of the early church. I’m sure if he was alive today, Patrick would undoubtedly be online preaching all over the web, just as the church is doing so right now.

PS. One final thing…this free lifetime access is on offer for a limited period only. GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS.

https://groovepages.groovesell.com/a/uy9VcdqIvopT

How Transgender Campaigner Paris Lees Turned Her Life Around

I’ve just been listening to transgender rights campaigner, Paris Lees, on the Jeremy Vine radio show talking on their special feature, What Makes Us Human. I would definitely recommend you catch this facinating episode on BBC iPlayer or their podcast.

She did not talk about gender rights. Her theme was forgiveness and recounted how she forgave her father and how liberating this was. Listen to the how here.

Paris grew up on a council estate in Nottingham, had an abusive childhood, some rebellious, wild teenage years culminating in a spell in prison. This woke her up when she realised that she had really “messed up”.

Despite a difficult start, Paris has gone on to have great success. She has been featured in Vogue magazine, founded her own magazine, writes for the newspapers like the Independent and the Guardian and I guess is now a celebrity.

How did she turn her life around?

Leaders are readers

In a word, reading. Well, she actually did a degree in English literature, but said that she became obsessed with reading and still spends time reading and thinking, the two things we probably don’t do enough of.

This is significant, as many other people have professed that they turned their lines around through reading, perhaps the famous being Oprah Winfrey who went from dirt poor abused child to billionaire superstardom.

Paris Lees

Leaders are readers, as the old saying goes and Paris Lees doesn’t have a TV in the house.

This is also significant, as TV, along with social media, it’s probably one of the biggest thief of our time. Don’t get me wrong, I am also guilty of wasting some time in front of the box, especially during the World Cup!

It’s so easy to get sucked in to watching one show, then the next program and the next program, and then find yourself channel surfing in the middle of the night looking for the next “fix”. It’s funny, the more channels we have the harder it is to find anything decent to watch!

Zig Ziglar had a good technique help us spend less time in front of the television. He said you should get out one of those TV guide you get with the Sunday newspapers and mark out specific shows you want to watch during the week (you can now do this digitally and even record the shows you want to watch or watch them on catch up). Watch those shows, and then switch the TV off.

Another significant fact is that successful people tend to watch less television than unsuccessful people. Sorry to be brutal, but that’s the way it is and logically how could it be any other way?

How do I know this? In my days in financial services, I visited hundreds, if not thousands, of homes form multi-millionaires to the roughest council estates in London. With few exceptions, I found that the people with the least amount of money and the most financial problems (e.g. debts) had the biggest televisions, which dominated their living rooms and space. In fact, they dominated the whole house. Some of them even had big surround sound speakers that shook the room like an earthquake!

On the other hand, financially successful people, as well as people who had control of their finances, either had no television in the living room, or a very old model stuck away in the corner. I’m not talking about flat screens!

I also observed more books in the house and noticed that parents who had academically “bright” children encouraged them to study rather than waste time slouching around watching television.

What could you do with an "extra" 30 hours a week?

This is my money tip today. I’m going to give you back 20 to 30 hours per week – the average time we spend sitting on the couch watching crap. In that time, you can spend time with the family, learn a new language, complete a degree or make hundreds of thousands of pounds starting an online business, even in your spare time.

Listen to my Podcasr, "How To Get Back 30 Hours A Week" by Charles Kelly https://anchor.fm/charles-kelly/episodes/Get-Back-30-Hours-A-Week-And-Follow-Paris-Lees-Advice-e1ob96/a-a48ftl

Listen to "How To Be Broke All Your Life" by Money Kelly

What Makes Us Human on Jeremy Vine BBC Radio 2

See also:

Leverage Your Time and Build a Profitable Online Business - Free Book Offer

How to Make Money Online Without a Website or Inventing Your Own Product

How to Monetise Your Knowledge and Skills and Turn Passion into Profits

70 Years To Make A Decision!

Don’t be like the UK government and take 70 years to come to a decision to build a new runway at Heathrow airport!

In his book, Think and Grow Rich, Napoleon Hill lists lack of decision as one of the major causes of failure! 

In this episode, I give you real life examples of how making a decision has turned my life around in more ways than one. 

Check out my Podcast episode "70 Years To Make A Decision " from Money Tips Daily by Charles Kelly, former IFA and author of Yes, Money Can Buy You Happiness. on Anchor: https://anchor.fm/charles-kelly/episodes/70-Years-To-Make-A-Decision-e1jest

3 Steps To Starting A Business, Changing Your Fortunes And Building A Better Life

Money tips daily serves those who want to save money as well as people who want to make more money.

No matter how hard you try and make savings, eventually you will reach the point where you cannot cut your budget any further.

It’s a bit like governments who find that making cuts and reducing wastage can only go so far. The country needs to produce more revenue and GDP in order to prosper.

Just like a business, you need a combination of both keeping costs down and increasing revenue and profits.

It’s the same for your own personal “economy”, which by the way is the only one you can control, right? After making savings and cutting down on waste and nonessential spending, how do you the next logical step and start earning a little extra cash so that you can enjoy a better standard of living?

You could get a better paying job, work longer hours or take a part-time job, but you will still be exchanging your time for money. This obviously has its limitations, as there are only so many hours of your life you can give to an employer.

You could also start a part-time business, on or offline, from home like millions of people have done. Most small businesses start as home-based or part-time ventures with little or no start-up capital.

Starting a physical business requires capital, premises and equipment. Whereas, an online or service based business usually requires little or no capital as you are giving your service in exchange for money. You don't need to purchase stock or expensive equipment, all you need is a laptop or smart phone to get started. 

If you’re starting a new business I would NOT suggest renting a shop in the High Street or signing leases for shops or offices.

Every year, I see shops in my local area come and go as one business after another fails. I’ve seen shops selling all manner of things like party costumes and balloons, upmarket bathrooms as well as numerous restaurants all collapse within the first two years. Some were start ups, but others were established businesses. One casualty was the restaurant chain Frankie & Benny’s who didn’t last very long in a premises they’d spent a fortune renovating. They must have lost between £500,000 and £1,000,000.

Get real! If the likes of Maplins and Toys “R” Us (both have recently gone bust) cannot make it on the High Street, you’re going to need something pretty special in order to survive.

Over the years, I’ve seen so many people who have had a windfall or come into some money (or borrowed money from relatives who have had a windfall) start up a physical bricks and mortar business or paid thousands of pounds for some useless franchise only to lose everything.

You’ve only got to watch shows like Dragons Den - a BBC TV programmes where people pitch new ideas to wealthy entrepreneurs - to see some of the ludicrous business ideas that people have and get into without doing any proper market research. Some of the contestants have already sunk their life savings into an invention or business idea which has no chance of succeeding. 

When asked by the experts what research they had done, they usually say they have asked their friends and relatives if they thought it was a good idea and most people said yes! What would they expect their relatives to say? What do their friends and relatives know about a new business anyway?

I’m not saying don’t start a physical business, but you have to be very careful and have enough capital to survive for the first few years. 

If your physical business fails and you have ongoing liabilities, such as the rent on a long lease, or personal guarantees, you could lose everything including your house.

What are the alternative and better ways of getting into business?

You don’t have to spend your life savings or start a physical ‘bricks and mortar’ business, as there are plenty of better and safer alternatives with far less risk and liabilities.

When the Napoleon Hill published his ground-breaking book, Think and Grow Rich, during the great depression of the 1930s he said that the way to start the business with little or no capital was to provide “services”. This has not changed that much in the last hundred years!

In Hill’s day he mentions services like bookkeeping, which is still relevant today as most businesses need a bookkeeper in addition to an accountant.

When I was running a physical business we employed various bookkeepers over the years, most of whom came to the office and had no business premises of their own. On average we paid between £25 and £45 per hour for a Bookkeeper, and it was not easy to find a good one.

The service sector has replaced the old heavy industries that used to power the UK economy. Today the City of London employs hundreds of thousands of people and earns billions in revenue for the British economy.

3 steps to starting a business

1. Decide what you really like to do.
2. Open your mind
3. Take Action

1. Decide what you really like to do

Before you start any business, first decide what it is you like to do or better still, what is your passion?

What do you like doing in your spare time or at weekends?

What jobs would you do for free?

What would you really like to do if you won the lottery after you’ve got tired of travelling the world and sitting on beaches?

We all have unique talents and skills which can be monetised, so what is yours?

Of course, you may need further training in your field, this can be done very cheaply in your spare time.

One thing that has changed over the last hundred years is the multitude of opportunities which are now open to us in the internet age.

There are thousands of jobs and businesses that didn’t exist 10 or 20 years ago.

People can now make a living selling goods on Amazon, Shopify or Groupon. You don’t need to rent a shop in the High Street, as these companies have built an online store for you, and believe me, they get far more "footfall" than you will ever get in the High Street!

You don’t need to invent your own product, as there are thousands of products and services you can sell as an affiliate partner on a commission basis. 

You can also sell products for direct sales companies (Avon, Betterware and Ann Summers) and network marketing companies. You can also earn commission working with weight loss organisations and networking companies who have done the hard work of building a product and brand for you.

I know many people who are making a very good living in property, but started with no capital.

Some are running letting agencies on a rent to rents basis, with a make excellent profits and have no shop and very little office overheads.

2. Open your mind

The second thing you need to do is to open your mind and change your mindset. If you’re stuck in your old ways and refuse to see the opportunities around you then your closed mind will hold you back forever. 

Things will not change unless you change, and as Jim Rohn put it, "If you will change, everything will change for you".

3. Take ACTION!

The third thing you need to do is to take action!

Nothing moves without action!

Taking action now might involve making a plan, doing some research or setting up a free online account with Amazon.

I can hear some of you saying, well that’s alright for some people, but I haven’t got the time. This has more to do with your mindset than reality, because in reality, we all have the same number of hours in a day. How we use those hours will determine our success, happiness and future security.

You can spend all your spare time in front of the television or on social media or use your time wisely by learning a new skill, improving yourself, looking for opportunities or setting up a part-time business.

If every waking hour really is filled with activities, you might want to consider outsourcing some of the work you do to free up time for income generating activities.

Hiring a cleaner or gardener might cost you a little bit of money, but the time it it will save will be worth it if you use that time to generate extra income. My cleaning does my house in half the time I would take, which is a double bonus! 

I’m sure your hourly value is higher than a cleaner and if he’s not right now it will be if you start using your time more effectively.

If you would like further details on courses to get you started in an online or property business, please email me at Charles@CharlesKelly.net

Check out my episode "3 Steps To Starting A Business And Changing Your Fortunes " on Anchor! https://anchor.fm/charles-kelly/episodes/3-Steps-To-Starting-A-Business-And-Changing-Your-Fortunes-e19649

Previous articles:

New HMO Letting Rules Could Drive Landlords Out Of The Buy-To-Let Property Market

Leverage Your Time and Build a Profitable Online Business - Free Book Offer

How to Make Money Online Without a Website or Inventing Your Own Product

How to Monetise Your Knowledge and Skills and Turn Passion into Profits