Start a micro business with no money (podcast)

DollarsSenseShow15

Do you want to start a micro business, but fear you don’t have the money to start?

Dollars and Sense host, Carol Topp and guest host, 17 year old Jonah Wilson, claim that you can start a micro business with no money!

How?

Listen in to this podcast as Carol and Jonah share several ways to start a micro business with no money

In the podcast, Carol and Jonah mention Starting a Micro Business, a helpful book (and ebook) that can be very helpful in launching your micro business.

Show Notes:

What does it cost to start a micro business?
If a product-based business, then inventory, packaging & shipping and advertising costs
Maybe equipment like computer, lawnmower, oven, piano, etc.
If a service-based business, then not much start-up money needed except for ads, a website, business cards, etc.

Where does the start up money come from?

  • Savings
  • Start as a hobby/volunteer/only break even
  • Investor (or small loan from parents), but not a partner
  • Sell something
  • Work a temporary job
  • Start a service business and save up to launch a larger business

Listen to the next Dollars and Sense Podcast (Episode #16) where Carol and Jonah will discuss the dangers of starting a micro business with debt.

 

Video: Should I Start A Micro Business With a Friend?

Have you thought about starting a micro business if a friend? Word of advice, DON’T! In the video below, I explain how starting a micro business with a friend is like getting married. Not only is it like getting married, but if you ever want to end a business with a friend, it can prove to be harder to end than trying to get a divorce!

Watch the video filmed live at my workshop, The Best Micro Business for a Teenager to Start, at the Cincinnati Home School Convention:


micro-mid-1Have you ever had a great idea and thought about starting a micro business? If so, you should check out my book series, Micro Business for Teens. In my books, you’ll gain valuable insight for starting a micro business.

A micro business is a small, simple and fast to start-up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check out my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

Carol Topp CPA

Rachel Coker is 18 and has 4 micro business! Copy her!

 

RachelCoker2

Rachel Coker is 18 years old and runs three micro businesses: author, piano teacher, photographer and now she’s adding writing coach!

You should copy her!

Watch the video below as Rachel discusses to a group of parents and teens at the Cincinnati Home School convention, how she started each business. She shares tips and ideas that you can use to start a micro business.

Did Rachel inspire you that you could take your interests and turn them into a money-making micro business?

A micro business is a small, simple and fast to start-up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check omicro-mid-1ut my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

If you do publish (or self-publish) a book, then you’ll benefit from reading my book Business Tips and Taxes for Writers, because writing is a business!

Carol Topp CPA

Rachel Coker, published author at 16. How did she do it?

RachelCokerHave you ever thought about writing a book?

Rachel Coker started writing a book when she was 14 and she became the youngest author to be published by Zondervan, a major Christian publisher.

Watch the video below as Rachel discusses to a group of parents and teens at the Cincinnati Home School convention, how she became published.

Did you know that publishing a book is really a micro business?

Cover250pix-189x300It is!

If you do publish (or self-publish) a book, then you’ll benefit from reading my book Business Tips and Taxes for Writers, because writing is a business!

 

A micro business is a small, simple and fast to start-up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check omicro-mid-1ut my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

 

Carol Topp CPA

Video: Should You Sell Services or Products – Starting a Micro Business

Should You Sell Products or Services?Are you wanting to start a micro business, but aren’t sure whether to start a product based business or a service based one? In the video below, I explain the differences between the two.

The biggest reason you might want to consider a service based business over a product based one is because they are easier to support and much more manageable.

As I explain below, product based businesses can be very successful, sometimes too successful. This can lead to a major problem, keeping a stock of inventory.

Watch the video below as I discuss to a group of parents and teens at the Cincinnati Home School convention, the differences between service based businesses and product based businesses:

micro-mid-1Have you ever had a great idea and thought about starting a micro business? If so, you should check out my book series, Micro Business for Teens. In my books, you’ll gain valuable insight for starting a micro business.

A micro business is a small, simple and fast to start-up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check out my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

Carol Topp CPA

Video: Getting an Idea for Your Micro Business

Getting an Idea for Your Micro Business - Read More at: microbusinessforteens.comGetting an idea for a micro business is as simple as finding a need and creating a solution. This is exactly what Rachel Coker’s sister, Hannah, did!

A year and a half ago, Rachel and Hannah signed up for ball room dancing. The only problem was there was a dress code for the ball room dance class. The dress code required that all the girl dancers must wear a skirt that comes down to their knees. This was difficult because neither of them were able to find skirts that matched the dress code.

But one day Hannah came down from her room for church and was wearing a beautiful blue skirt. Rachel took notice and asked her where she bought it. Hannah told her that she made it on her sewing machine. Of course Rachel asked Hannah if she could make one her one in a different fabric and she did!

Watch the video of Rachel Coker below as she explains how this blossomed into a micro business for Hannah:

micro-mid-1Have you ever had a great idea and thought about starting a micro business? If so, you should check out my book series, Micro Business for Teens. In my books, you’ll gain valuable insight for starting a micro business.

A micro business is a small, simple and fast to start up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check out my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

Carol Topp CPA

How to Start a Micro Business with Little Money

How to Start a Micro Business with Little MoneyStarting a micro business doesn’t mean you should take on debt! In fact, you can start a micro business with the things that you already own such as: your computer, you lawn mower, your camera, your oven, and even the knowledge inside your brain.

Here’s an example: Lucas wanted to start a micro business mowing lawns. He want a riding lawnmower for the business, but didn’t have enough money. So instead Lucas worked delivering papers and eventually bought a lawnmower at a garage sale. His lawn mowing business is now quite successful and was started debt free!

Watch an excerpt from a workshop I did at the Midwest Home School Convention called, “The Best Micro Business for a Teenager to Start”. Here I explain why it’s best to start a micro business with little money:

micro-mid-1Have you ever had a great idea and thought about starting a micro business? If so, you should check out my book series, Micro Business for Teens. In my books, you’ll gain valuable insight for starting a micro business.

A micro business is a small, simple and fast to start up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check out my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

Carol Topp CPA

Teenage Micro Business Idea: Web Design

Phil and his best friend, John, verbally agreed to start website as a partnership and split everything 50/50. The business really took off and was generating over $1,000 a month in income from Google ads.

John’s father saw how successful the business had become and claimed the business was solely John’s business and not a partnership. Phil ended up discussing the matter with an attorney and eventually walked away from the business, but he gained a lot of wisdom and caution. He and John are no longer best friends, as you can imagine.

Later, Phil started his own micro business as a sole proprietorship, wiser and phenomenally successful

Learn more by watching his story as I presented it at a recent convention:

micro-mid-1Have you ever had a great idea and thought about starting a micro business? If so, you should check out my book series, Micro Business for Teens. In my books, you’ll gain valuable insight for starting a micro business.

A micro business is a small, simple and fast to start up, sole-proprietor business that usually consists of one worker, the owner. Micro Businesses are usually low-risk and easy enough for a teenager to manage along with schoolwork and other extracurricular activities.

Check out my books today and start your own micro business for success! Available for purchase on Amazon, Amazon Kindle, Createspace, and as a PDF eBook on my website.

Carol Topp CPA

Micro Business for Teens e-books

MBFT Ebooks on DropCard

I will be selling Micro Business for Teens electronic books using this card when I speak at homeschool conferences this spring.

(I’ll be in Greenville, SC, Indianapolis, Cincinnati and Ontario, CA this spring. Hope to meet some of you!)

The purchaser buys a card and on the back is a website and access code.

They can then download the ebook in their choice of formats (pdf, mobi or epub). In my case I’m selling all 4 Micro Business for Teens ebooks and then adding 3 audio (mp3) files as a bonus.

Pretty neat way to sell an ebook! If you have written an ebook  or recorded music and want to sell it when you meet customers face-to-face, consider using a card like this.

The cards are available at Dropcards.com

 

Carol Topp, CPA

 

Starting a business selling products with multi-level marketing.

sales_funnel_

Ever thought of trying to start a business that uses a multi-level marketing (MLM) plan?

Here’s the story of one guy, Josh Day from Australia, who tried to sell Herbalife.

I asked permission from Josh to share his story.

 

So over the years I’ve tried all sorts of different business ideas and the first one that Ii really lost any money on was when I tried to sell Herbalife. If you don’t know, Herbalife is a weight loss product with an MLM (multi-level marketing) type structure of selling. I was 17 and decided that if it was to make some serious money I’d have to invest so I started talking to a Herbalife distributor and after a couple of weeks I paid him the $550 to get started in the business.

I’m a good sales person and I’ve always know that, so I thought I could sell anything. Well, being a 17 year old who has never even come close to being overweight makes it very difficult to sell weight loss products, especially since most of their marketing ideas are about sharing your own stories and being a success story of the product.

So after a few weeks of trying to sell off this product I only ended up making around $300 in sales (which was only around $100 profit) and I had exhausted all the ways I knew possible to sell this product.

The lesson I learned here is that just because it’s a highly sort after item, doesn’t mean its going to sell easily unless you know how to market it. I’m sure if I tried to get into it again being older and knowing a different crowd I’d probably be more successful, but to make back that $550 would be quite a task.

I met Josh on the Teen Business Forum, a great website for serious teen entrepreneurs. Check it out.

Starting_small-259x300

 

If Josh had created a marketing plan, as I show in Starting a Micro Business, he might have chosen a different product to sell as a 17 year old.

Grab a copy of Starting a Micro Business today and avoid the mistakes Josh made.