Wednesday, October 22, 2014

How to Make Money with No Money

Hi! Now that you're reading this post for the first time. You will find some basic information about; How to Make Money with No Money. Right now, you might be thinking; "How can this be true?" or "It takes money to make money..." To tell you the truth, this information that is being revealed to you, is true. Therefore, it doesn't take money to make money. What it takes in life for you to survive financially, is knowledge. Furthermore, money is a tool. Money shouldn't become an entity for you to rely on. 

Table of Contents

Making Money with No Money

There are ways to make money with no money. How to do this requires research plus development. With
these two requirements will make you become successful. Moreover, did you know that it doesn't require you to use YOUR money to make money. This is very true. To start a business, any type of business. It doesn't require YOU using YOUR money to make money. You can practically borrow someone else's money to make you become successful. For instance, you can go-to a financial institution that is in your neighborhood, town or city, then apply for a loan. 

Once you've done this, it will take about 45 days( a month and a half) to have your application to be processed. Although, there are pay-day loans that you can go-to, to barrow. Remember; Pay-day loans are private institutions, Banks are traditional institutions. In business, these entities are called: Hard Money Lenders (also known as HML for short). These institutions have high interest rates that comes with the deal. Their strategies comes with collateral to a deal. Yet, in business, it is instructed by all would be business owners to stay away from this type of business. 

To Maximize YOUR Chances of Success

The goal for you is to make money, not end up in debt before you get your business off the ground. Getting into debt before you make a fortune, will cause you to go bankrupt. And if you think that this is the best option to take? Hold that thought. Because, there is another option. Did you know that you could possibly make more money, without using YOUR hard earned money? Sure, you can. Here's how you can tap into this powerful water-hole. All that is required of you, is to look for; Private Money Lenders( also known as PML), these are people or institutions that offer money with or without interest. 

Sometimes, these entities require collateral. But, they're not as strict as HML. Reason being, these entities look at the deal that you come to the table with. For example; Lets say, you're looking to start a pawn shop. The starting capital for a pawn shop is roughly about $2,000 dollars. Therefore, you set an appointment with a HML. They ask you all the information that they need to give you a loan. The information that you provide is; your business plan. They take a look at it and see if your information is in order. 

If your information is not in order, chances are you won't get the loan that you requested. Now, here's a situation where you go-to a PML. A PML looks at the deal. Not the plan. Why? Take a close look at this scenario, a PML looks at the Return On Investment( also known as ROI ) deal. Most PML's are like investors or shareholders. They want to know what will their money will be used for first than what your company or business is worth. Therefore, HML's look at how much your company or business is worth. 

HML's look at the value of the deal. PML's look at what will they get in return. Put it this way, PML's are people who lend money to people not for interests, but for what they will get from the deal. For example; Have you ever gone to your mom or dad and said this when you were little; "Mom/Dad, can I barrow $5 bucks? the response would be, "What for?" and your response would be, "I want to buy that cool toy." sometimes your parents would give you the money, sometimes they won't. 

Often times, you have to do them a favor. And it would require you to work hard for that money that you want. Yet, most of the time you will get the deal and your parents will offer you their money. Reason being, sometimes the deal that you offer sounds good to their ears. Most of the time, it doesn't sound good to their ears. Because, it usually comes with an emotion. If your parents aren't happy at the time that you offer your deal, you won't be successful. 

Closing the Deal


Else, you would have to wait for a day when their happy and then come back with your deal. Moreover, as
far as HML's and PML's, the process is the same. There is always emotion that comes with the deal. Why? For one part, when emotion is involved. HML's look at how you present yourself and hear the tone of your voice when you come to the table. As for PML's, they look at how you present yourself and they hear the tone of your voice, also. But, they go one step further. They look at your reaction.


Now, you have noticed that PML's are more warm than HML's. With HML's they look at the facts. Some of the time, HML's require to see your; bank statements, employment records, State & Federal Identifications, billing statements, etc, in order to make a decision. Not so much with PML's. Most PML's look at the deal, some of them look at the facts, others look at both. No matter what, when you're planning to seek to barrow money. Don't feel desperate! They can smell your desperation from a mile away.

In a sense, keep your composure to a minimum as possible. And have a warm personality from beginning to end. Most of all, be professional about it. You're not a 5 year old, asking for money. Don't throw a tantrum, when you get denied. All you have to do, is go back and look at what was wrong with your paper-work. Then evaluate yourself and the facts. Remember: facts tell, stories sell. So, in the process of you wanting to get what you want. Sell your story. 

Execution

Chances are, you will get the deal. Most of the time you will get one out five times or one out of ten times. Just keep going at it until you get it. Now, you've just learned that HML's are cold markets to go to for money. And PML's are warm markets to go to for money. Throughout business, in the workforce, society and the economy. Money is a tool that can create opportunities, other times its a tool for destruction and sometimes its a tool of getting you in debt. Therefore, it is how we use money that will bring what we want, need, desire or dream.

Now, you have the opportunity to work on what you will do to make money. Remember: "It doesn't take money to make money. It takes knowledge to make money." What is being said here, is not for you to go out and apply for college and learn a subject to learn what you want, need, desire or dream. You will be following a broken plan. This plan that is being shown to you is a process that have been done for so many successful people. And how successful people become successful, is by creating networks.

Networking is key. No matter what business venture you want to get yourself into. Networking is key! Without that, your business will fail. All businesses fail their first year, because of lack of networking. Put it this way, if you have a group of friends. And each friend knows a friend. Imagine how huge of a network of friends you would have at your finger tips? It would be HUGE! For example; Lets say, you only had about 5 friends that you're close to. And they know 5 friends and their 5 friends know 5 friends and so on. 

Right now, you can see that its about 20 people or more that would be in your network. But, don't get too excited. Not everyone will be interested into what you're doing. Unless, you sell them a good story. To make it easier for you. Work on building a network first, before entering into any type of business that is out-there. Reason for you to to build a network, is because your network will make you money. Here's another example; Lets say, you started getting customers before you open your store. 

Without selling them a sales pitch. You ask or you inform them that you're going to be opening a store soon. And you want them on your list as a customer. If they agree, their on your list. Else, they choose not to. You can also place them on a list as potential customers, more so as clients. Now that you have built your list. The next step is opening the doors. When you open your store either online or offline. You already established the first step. When your family & friends, customers or clients visit your "Online Store" or "Offline Store" the money will follow. 

Conclusion

The second step, will be to build a reputation. Building a good reputation with your customers or clients will make you more money. For one, they will be able to edify you or your business. Many people and businesses fail because of this reason. Once a business establishes a bad reputation. It will tank! Second, you won't make money and you will go broke or worse, bankrupt. The key here, is to create a business and receive a good reputation, by achieving this, you have to have a great sense of public relations. 

Your PR skills is a must! If you can not relate to your customers or clients, it won't work. You will fail. Customer happiness is the most important key when doing business, no matter what kind of business you choose, customer happiness is KEY. Therefore, now that you've learned where you can get your money and have understood that you don't need YOUR money to make money. You will become successful. Having some knowledge before hand will save you time and money.

 Look, if you want to start a business and make money. You don't have to go-to school to do it. Money won't come knocking at your door when you get a degree. You don't have to be a scientist to make money. All it takes for YOU to make money, is knowledge. Reading up on successful people like; Thomas Edison, Steve Jobs, Bill Gates, Mike Zuckerberg and many others. Will give you the knowledge to become successful. You see, like what is said; "You don't have to be a scientist to make money." 

All you have to do is research and develop your business of success. What is being presented to you today, is information that was gathered and collected. Now that you have some basic knowledge. Good luck in your journey of success. Here are some websites that you can go-to: