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“How can I setup a Million Dollar business without investing any money?”

posted on January 8th, 2020

I asked this question to a successful serial entrepreneur after I had failed in my first 2 startups.

He gave me 2 Simple ways

1. Customers: Meet with 100 customers, ask them about their challenges. Make a list of all the common challenges. Pick one you can solve for them. Go back to the customers, check if they will pay for it. Start with providing them a service.

2. Marketing: If finding 100 customers is tough use social media & build you brand. Try not to spend any money on it. Pick any one platform & focus on it. If things dont work move to another platform.

It should take you 100 days to crack your first customer.

He also shared:

“Find cofounders with complementary skills & passion so you can deliver the service. Work from your home to start with. It will be perfect if you can find a cofounder even before you begin. Dont pay them salaries.

Get your first cheque. You have a business now. Go meet the next 100 customers.

Follow 3 simple rules:

1. GET A PAYING CUSTOMER FIRST

2. DONT SPEND MORE THAN YOU EARN

3. LEARN FAST

Thoughts?

P.S: Yes it worked 🙂

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