- I wanna start a business, but I have no money.
Hm, sounds very familiar.
Because like myself, I did not have any money
when I first started my business.
So in this video, I'm gonna share with you
how you can start an online business
that doesn't require much money at all, or any at all.
(upbeat music)
So guys, it's Linh Podetti here,
founder of Outsourcing Angel.
And I'm here to help you achieve time and financial freedom.
So in this video, I'm gonna share with you
the ways you can start
an online business with no money,
because I did that almost a decade ago.
And I have not worked for anybody ever since.
So every day, I work from home.
But before I get into my video,
press the Subscribe button and the bell
to get notification for my videos evert single week.
So, let me tell you my story,
why I have decided to start an online business.
First of all, I had no idea what online business.
I had no idea bout business,
even though I started international business.
So, like everybody else, I went to uni,
I found a job after graduating,
and I even found a good job that was paying me really well.
And like two, three years in,
they will be pay me $60,000 or something a year,
back 10 years ago.
I was well-paid, but I was not happy.
Look, the work didn't challenge me.
I was just sitting there, typing data all day.
And the company was so big that
I just felt like a number.
But apart from that, don't you just hate
the whole nine to five?
just waking up the same time,
getting home the same time,
and some people even try to stay back as long as they can
to look like they're goodie goodie.
So I realize it is not for me,
especially when I see other people who's been there
for 10 years or 20 years,
and they're like just sitting there complaining.
They're still there.
They're like, "I hate this job and people here suck."
and then they're still there.
And it reminded me that no, I don't want to be like them,
and just be stuck there
and gossip about the company and still there.
But one thing that made me really leave corporate life
was when they promised me that I was gonna get a promotion,
that someone left and if I took over their job or task,
they were gonna give me her pay.
But they gave me the work without the pay.
And when I ask them, you promised me
that you're gonna give me a higher pay,
and I'm doing all this work, they said,
"So, we have no budget."
And that was a ticking blow.
I realize my life is in their hand.
There's nothing I can do.
If I wanted to make more money, I can't,
because I have a limit,
that's all they're gonna give me.
And so, that's when I started to research online
and started looking into entrepreneurship.
I read a lot of books.
So while I didn't start the business immediately,
I read a lot of books, learned.
Sorry, boss.
I was spending time surfing the net,
but still they said that I was a really good worker.
So I was just thinking, "Man, I'm spending 30% of my effort,
"and you still think I'm so good."
Imagine what I could do if I spend 100% effort
into something I love.
So I knew that I could make things
really successful myself
if I was doing the right thing.
But the real reason while I really wanna start my business
is that I had a kid when I was so young.
So, at the age of 20, I became a single mom.
And yeah, I realized, well, a life is like being a mother.
And it is when you're juggling work
and you're juggling trying to be a mom at the same time.
And I remember having to drive them to school early.
I mean I drop him off before care
and then pick him up at the after care.
So, I couldn't even pick him up
at the time that he's going to school.
And I remember just feeling frustrated
and I turn to my son one day and said,
"Son, I'm gonna quit my job one day,
"and I'm gonna do whatever I want."
And I still remember that so clearly.
The other thing that was really sad for me
was that I didn't the family support.
I always had problems with my family.
I didn't get along with my parents
because they're so traditional Asian, typical Asian.
And yeah, I was just...
Nothing was going well for me to be honest.
But what I'm trying to highlight here
is there is no excuse why you can't start a business.
Okay, so before I get into the different ways
you can start an online business,
I wanna go through what's important,
what's the most important thing
I need you guys to work on yourself
in order to make your business work, any business.
That is mindset.
So, one of the things that I was starting
and reading books on
wasn't just all about business strategies,
how to do marketing or how to set up a business.
It was really all about psychology.
I realize that I had to work through
my limiting belief.
I hired a personal life coach,
someone that I could talk through problems,
and I really need to deal with my own problems
and live things,
before I could really focus on my business.
So if you go through anything,
I really suggest that you work it through
using a life coach or something.
But apart from that, in terms of mindset,
I had money-limiting beliefs,
I had business-limiting beliefs.
So, for example, I would tell myself that
money is too hard to make, business is hard,
or I can't do it because I need this and that.
And so, through learning about mindset,
I was able to sort of fix it all up.
Because until you work on your mindset,
you can't do anything else.
And when I say mindset,
I mean there's a lot of things to do with
setting goals as if it's already happened,
and believing in yourself, having that confidence,
and getting into business,
and knowing that everything will be okay,
that you will figure it all out.
And you really need to have that strong mentality
and strong mindset in order to make a business work.
So, my suggestion is to study mindset, positive mindset,
law of attraction, manifestation, money mindset,
and all of those have everything to do with mindset,
psychology, and business,
so that you could actually prep yourself up
for success in business.
And then the next thing you need to do is networking.
So, back in the days,
there wasn't as much social media going on.
So, I was out and about
going to networking events and stuff.
But nowadays, with your laptop, LinkedIn,
places LinkedIn, Facebook, Instagram.
There are so many ways to network.
It's so important to get yourself out there.
So there's no point in just keep learning about business
or learning aboUt it.
You need to get out there.
Basically, my first business was a nail polish business,
an e-commerce store.
And when that didn't work anymore,
I went out networking further more,
and I met people that said,
"I need help with website development,"
and that's how I developed my second business.
So, it's really important to network.
Now, don't make excuse that I'm not a people person,
I'm shy.
Business isn't for you.
So you really need to start networking.
Now my next recommendation for you,
now, even for myself, if was to start a business again,
is to partner with someone.
Because if you run a business on your own,
it's just a lot harder.
But if you started a business
and you're able to almost be like the tail end,
and your partner is the top,
you just make a complete puzzle,
and you can focus on the area that you're good at.
He or she can focus on what he or she is good at.
And together, you make a good team.
Alright, so, now to the fun part you've been waiting for.
Drum roll.
What other businesses that you can start
that doesn't require money.
So I'm gonna list them out for you.
The first one is coaching or consulting.
So you already have the knowledge
about whatever it is that you've learned so far,
and you can sell that knowledge for money.
You don't need to obviously...
There's no money.
It's just your knowledge.
So you sell that for money.
So that's step one,
and a lot of entrepreneurs start out that way.
They sell their knowledge for money.
Then the next easy way to stat a business
is affiliate marketing.
I'm just reading my notes,
because there's so many ways to start a business.
I'm just coming up with some of the key ones.
Affiliate marketing.
So what's affiliate marketing?
It is when you sell someone else's product.
So what you can do is sell info products.
There are companies out there,
sites that you could find
that they have e-books
or training programs that's already made.
And you make money by selling that to other people.
Okay.
Other things is like software.
So, for example, if you...
Companies like Click Funnel or Mail Chimp, whatever,
they all have affiliate programs.
So, you don't have to build the software yourself.
You just refer people to use it,
and they let you earn money.
You could even own your own domain business.
So, if you sell domains to people,
you can make a recurring income selling domains.
You can own anything you like
by just making money on referral.
So the next one is being an influencer.
So, using people on Instagram, creating so many followers,
and making a living being an Instagrammer.
So they get paid for the ads in there, sponsored posts,
or they do blogging.
You can write a lot of content.
Over the years, you build a following,
and then you could sell whatever you want.
You could sell affiliate products
or you make your own product, like an e-book.
The other thing is like podcasting or Youtubing.
So you create video content or audio content,
and you basically sell your knowledge
or interview people.
Oh my god, I'm like, just can't talk sometimes.
And then you create an audience,
and you build that database of people and then you still...
I mean you make money through Google AdSense,
which is not that much at all,
but you really should be selling something
like an info product or an affiliate product.
Now, the other thing that you could do
which a lot of people end up doing as well,
similar to the consulting part
is that being a virtual assistant.
So, instead of working for someone in an office,
they're just working at home for someone.
So they're virtually assisting a company with task,
like admin task, social media task, et cetera.
Now, the last two businesses that I know really well
and I'm still doing it to this day
is an outsourcing business.
What I love about outsourcing is the fact that
I don't need the time, I don't need the skills,
and I don't need money to do it.
So what it means is that I started an agency
using an outsourcing model.
So when a client needed a website done,
I charge them in advance
for whatever it is with my mock-up.
When they pay me, I hire an overseas contractor
to do the work.
So I make money in between.
The skillset is that person, the time is that person,
and I am just project managing it and making money.
And so my business was positive in the cash flow
from day one,
because I knew how to outsource immediately,
rather than doing the work myself,
which obviously I have a capacity problem
if I'm doing it myself.
But because I'm scaling it up with using other people,
then that's how I grew my first business to a six-figure
immediately on the first year of business.
And then after a few years of doing that,
I realize that I could actually start a recruitment company.
And once again, I don't really need much capital to do this,
because when someone wanted to hire someone from overseas,
like a designer or a marketing person, they pay me.
And I find that person to work directly with the client,
and I pay them with the money that I got.
So, that is how I don't really need the money
to really start these businesses.
So that is it for this video.
But in my next video, I wanna dig further
into these online business ideas.
I wanna share with you the pros and cons of each,
because I pretty much did all of them
and know which ones really work or how.
I mean they all work,
but you need to put time in it.
They all have their limitation,
and I wanna share that with you in my next video.
Now, before I go, guys,
I'm actually working on a really cool project.
I wanna develop a business opportunity
for people who wanna start their own online business,
get to work anywhere, any time,
and be able to make passive income.
So, I was able to come up with a way
that you could take away all the cons of those
business ideas that I've shared with you,
and only keep the pros
and have a business model that actually
is very good for you
and has all the advantage that you're looking for.
So if you're interest in this,
I would love to get your details down.
So there's the form in the description below
where I'm gonna grab your details.
I'll let you know when the programs come out.
Right now have three people in the program
and I'm testing it out right now,
and I don't wanna release it to the public
or in the next stage until at a later stage.
But if you're interested,
please put your details down below.
So I hope you've enjoyed my video
and you found it useful.
If you have any questions, do let me know.
But I'm curious to know,
which of those online business ideas
that I've shared with you
you've actually tried, and how did it go?
Share it in the comments below.
And if you love this video, please support me.
Please like and comment and subscribe.
Because without you guys, without your support,
I wouldn't be doing this.
I wanna do this for you.
I wanna make this a valuable journey together.
I wanna develop videos that are beneficial to you,
so please engage with me and let me know.
And yeah, support my by subscribing
and pressing the bell button.
I'll see you next time.
Bye.