256: Bootstrapped Business Idea Brain Dump: 8 Business Models You Can Borrow w/ Zero (or Better than Zero) Startup Costs

The Side Hustle Show

Nick Loper

Entrepreneurship, How To, Education, Business

4.7 • 1.6K Ratings

🗓️ 9 November 2017

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

In my annual member survey, one of the 3 most common obstacles I hear is the money needed to start a business. As in, "I don't have enough money to start a business." (The other 2 are time and ideas.) It's kind of a chicken vs. egg problem: you need money to start the business and you need the business to earn the money! But the truth is that most side hustles these days don't take a ton of cash to get off the ground. In fact, most of the businesses I've started have cost less than $500 to start. In this episode I'll share 8 business models that have no startup costs, and one of them even has a "better than zero" startup cost -- meaning you can get paid to acquire your inventory. The 8 Models: The Perceived Value Plan The Dealmaker Model The Connector Email Model The Curator Email Model One Man’s Trash is a Another Man’s Treasure Repackaging The Pay for Performance Model The Agency Model Tune in to hear my examples of real businesses making it work under each of those models. It's sure to get your creative juices flowing on what kind of side hustle you could start! Stick around to the end of the show and I'll also share the actual startup costs for all of my businesses over the last 20 years. Full Show Notes: Bootstrapped Business Idea Brain Dump: 8 Business Models You Can Borrow w/ Zero (or Better than Zero) Startup Costs

Transcript

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0:00.0	Side Hustle Show 256. This is my bootstrapped business idea brain dump. Eight business models you can borrow with zero or even better than zero startup costs.
0:12.0	What's up? What's up Nick Lober here. Welcome to the Side Hustle Show because starting a life-changing business
0:17.0	doesn't have to cost a life-changing amount of money special solo show for you this week as I'm diving into one of my favorite topics, analyzing, interesting
0:25.2	business models.
0:26.2	I know it's exciting stuff.
0:27.2	The reason for this episode is that money is one of the big three obstacles that comes up
0:31.6	when I ask people what's holding them back as in
0:34.8	I don't have enough startup capital to get my side hustle off the ground.
0:38.2	The other two that come up in the big three are time and ideas which is why productivity is a kind of a recurring theme on the show and ideas.
0:45.9	We talk about different side-est of ideas every week.
0:48.1	So I wanted to run through a few specific business models with zero or even better than zero startup costs.
0:54.4	You're going to learn about companies that sell ideas,
0:57.2	companies that sell other people's products without having to pay for them,
1:00.7	and even companies that get paid to buy their inventory or raw materials.
1:04.4	Plus, we'll look at some online and service business models that I like with no overhead
1:08.7	or with very low overhead.
1:10.1	Stay tuned for those eight business models as well as rundown of the startup costs of everyone of my businesses,
1:15.6	at least the ones that I can remember. Notes and links for this one are at
1:18.5	side hustle nation.com slash bootstrapped. Before we dive in let me take a moment to thank our sponsor upside.com.
1:25.7	Book your next business trip on upside and get rewarded.
1:28.6	This is really cool.
1:29.5	So I just got back from a business trip from FinCon actually and I wish I'd heard of
	...

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