So do you happen to know any extremely talented entrepreneurs that (for whatever) reasons, are still in the initial start up phase of their business development? Maybe they (or you) initially looked into trying to borrow the necessary funds needed to finally get your business, product and or service off the ground.
Boy that was a huge reality check now wasn’t it? Most conventional bankers (and or) traditional investment funding sources, like venture capitalist (VC”s) or other private lenders require an awful lot before they’ll provide that much needed funding, don’t they?
And who can blame them! Because for one thing, they more than most, fully realize and accept the undeniable fact, that not all of their investments will pay off!
So sense they don’t have unlimited funds, they’ve got to be as cautious and prudent as possible! Don’t you agree? Still in all, suppose, you, your cousin and or in law is incredibly talented, dedicated and sincere as can be about owning your own business, but currently you just can’t quite afford to sink every nickel you have into trying to be an entrepreneur!
Sound familiar? Should they (or you) just abandon your dream altogether and just keep grinding away at that day (and or) evening job that you really can’t stand?
What if there was a way for them ( or even you) to start systematically and strategically leveraging the enormous power of the Internet, without necessarily having to have a state of the art WordPress website and or blog and or a paid autoresponder service just yet!
And you didn’t have to go too far out on the limb financially to begin with. At least not until you got a chance to get your feet wet and test the water.
Then (and only) then, if your initial marketing efforts paid off (or at least) showed the potential of paying off fairly quickly, then you could slowly start investing more of your hard earned dollars into your venture!
Were that type of opportunity really possible, you’ at least want to know more of the details, is that correct?
How Even Severely Cash Strapped Entrepreneurs Can Still Leverage The Enormous Long Term Profit Potential Of The Internet!
(For Literally Pennies On The Dollar!)
Ever see those late night cable TV inf0-mercials about “how to” buy real estate “No Money Down!” And you’re probably thinking “yea right!” Right? Well, of course they’re talking about strategically utilizing financial leverage. But you knew that right? For ex; let’s say there’s a nice (well maintained) single family home in a really nice neighborhood where the owners have suddenly and (temporarily) fallen on economic hard times!
Maybe it’s due to a combination of things, like an unexpected divorce and or loss of a job by one or both of them or a temporary layoff or a loss of a business etc.
Anyway, they’re now faced with the sobering reality of not being able to make the monthly mortgage payments on their $250,000 dollar luxury condo, that they originally financed over thirty years at 6.5 % interest.
Well, a savvy real estate investor flush with cash and some basic understanding of financing, might arrange to buy their $250,000 dollar home for (get this!) the exact same purchase price of $250,000 dollars! Huh?
Only they’ll be charging their new buyer(s) 11.5% interest over the exact same thirty year period. See “how” they’re merely leveraging (100%) financing the exact same loan and netting the difference in the two interest rates!
So they net a new down payment, plus the new buyers will pay a majority of, it not all of the conventional closing cost, plus the savvy investor (s), will net the monthly differences in the two monthly payments.
First of all, two things need to be pointed out and stressed! This proven real estate acquisition example is not intended to convey and or imply that successfully closing a transaction such as this is necessarily easy per se!
Because rest assured it is not! Secondly, you’re gonna to need the proper experience,marketing know how, negotiation skills and have access to the right private investors and or investment funds in order to make it all come together!
But it’s most certainly being done 24/7!
How Savvy Start Up Entrepreneurs Can Totally Leverage The Internet Just Like The Savvy Internet Marketers Do!
Now then, let’s apply this exact same proven template of 100% leveraging pre existing online assets, that require very little or virtually no upfront capital in order to get started.
For this particular (hypothetical ) example, let use a recent college grad student, that can’t currently find a conventional full time job in their field that their degree and advanced degrees are in! Sound familiar! And let’s say this person (your cousin and or in law) is an absolute wiz at math and teaching really advanced math like “algebra, calculus and or chemistry etc!”
And they want to get paid to teach their “know how” to others. But since their money is so temporarily tight and they can barely afford to pay their part of the rent and heating bill, in the four bedroom apartment they sublet with three other struggling individuals.
Because their part time job at the downstairs pizza shop simply won’t let them afford much else!
They’ve been told they can still give things a go online, with very little start up capital. So they’re all in! Here’s what they might do. First they will record a series of screen shot type videos, (meaning, they’re not actually in front of the camera!)
Only their computer screen is being recorded. They just narrate what’s being seen.
Then they upload these short “how to” videos to as many of the relevant free video sharing sites as possible. Including of course, the reigning king of free video sharing sites, good old youtube.
Next, they sign up for skype which is also free. Then then head over to Paypal.com, in order to set up a free account there. And of course they can use free recording software like either cam studio (Google it!) and or (if they can keep) each instructional video under five minutes each. They can also use Jing, (Google it!), because it’s also free!
The Very First Form of Marketing Leverage You Have To Master Is Your Thoughts!
How’s this for “No Money Down” so far? And finally, at the end of each instructional video, they can provide their free skype address and invite any prospective students that need more advanced one on one tutelage to connect with them via skype.
They then go to opensource.org if they don’t have access to Microsoft’s Power Point software.
And while using the screen share feature on skype, they can offer advanced tutoring while going through their Power Point and or open source presentation.
Now let’s say they currently charge $75 dollars per hour for more advanced math tutoring. Entrepreneur, do you realize that even skypes free version allows up to five people to be connected at once!
So they (or you) could literally hold private classes online at X per hour (or in this particular case) $75 dollars per hour. And the only way the prospective student could be included on the session is by paying you upfront via Paypal.And then you email them your skype address and add each other as contacts.
Four students at $75 per hour, ( or X) done once every weekend and or every other weekend! Using 100% free online assets initially, then later on if things grow and it makes sense to to invest in some of the more conventional assets like a state of the art WordPress blog etc. You can and should do so.
And remember, your particular specialty might be something else entirely! This was strictly for example purposes only!
Can you hopefully now see “how” even severely cash strapped start up entrepreneurs such as yourself can and should leverage the enormous long term profit potential of the Internet? Say yes! Any questions?
Please share your extremely valuable comments (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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Hi Mark,
Great ideas here!
New entrepreneurs need this type of information and it’s very refreshing to read about a new way to build and grow your business from nothing.
Naomi
Thanks Naomi!
A compliment like that coming from the Start up advice Queen, I greatly
appreciated!LOL!
Skype, Paypal, youtube and Power Point can be the creative launching pad for
a multitude of entrepreneurial endeavors!
I’m really glad that you can appreciate a legitimate boot strap approach such as this!
Yea, it would take some initial effort to get up and going, but ultimately, it would be so worth it!
Thanks so much (as always) for adding to the conversation and for your continuous support! Both are greatly appreciated!
But I must tell you, it’s this post that I really would love to get your honest feedback on.
https://www.youcanmarketonlinenow.com/introducing-15-incredibly-dynamic-female-entrepreneurs-totally-rock-volume-one/
Because somehow I suspect you and # nine on the list have far more in common than you may think!
I love the way you tell a story to illustrate your highly creative marketing ideas Mark! You make it possible to literally picture the process and it helps to see how truly possible the approaches you share are for anyone with the drive and initiative. Another winner Mark!
Thanks M!
You are so going to be the cause of head not being able to fit through
door temporarily!LOl!
It’s a good thing that I don’t consciously try to do what you described, because otherwise
I would probably whined up staring at a blank computer screen!LOL!
Your words are simply way too kind! But oh so very much appreciated as is your
continued support!
Hi Mark. I found it fabulous how you walked us through a potential real-life example of a way to truly earn money online with no up-front capital. Brilliant! I could see how something similar could apply to a variety of individuals with different backgrounds and professional goals.
As always, thanks for providing something for me to think about. I always enjoy reading your articles. They’re so creative inspirational!
Karen