How to Start a Business with $500 Today Plus $1000 Dollar a Month Hustle

If you don’t want to read it, you can watch this video.

Instead of looking at what everyone else is doing, you need to take inventory of your strengths and resources and of what you can do. Many people online follow the leader or follow the follower. People aren’t doing the work and exploring what they can do to make some money.

People ask, “How can I get strangers to give me money?” You may have some friends with money. Maybe you have a certain competitive advantage. Take some time and do some inventory work. The number one thing you should ask yourself is, “Why would anyone buy what I am selling?”

If you are one of those people who doesn’t know what you want to do and you don’t know what you want to sell, or you have no business idea, then check out my video about how to start a service business. That’s the fastest way to make money when you are broke.

Do this. Get a sheet of paper and a pen and ask yourself, “Why should someone want to buy what I am selling?” If you can’t answer that question in a snap, your idea is jacked. If you can’t answer that question immediately, you’re not ready to start your business.

If you’ve got $500, put it in your pocket and start doing these things. Figure out the concept. Answer the question, “Why should someone buy this?” Then find out who will buy it. Who’s your audience? Who’s your target market? Who are these people? You have to figure out your unique market angle and your position.

So many people will literally sink hundreds of thousands of dollars into a business off of someone else’s work. This happens all of the time. The so-called smart money is not about the money, it’s about the marketplace. It’s about the audience. It’s about execution.

To give you a little bit more meat, the first thing you should spend your money on is gathering market information. If you want to spend money to get this, then do it. The more research that you do and the better the research, the better your final product will be.

Today, the reality is that if you know what you are doing and you’ve got good information, you can start many businesses for absolutely no money. The reason I used $500 in the title of this video is you are a little bit more committed, then the people who want to spend nothing. The reason so many people want to spend nothing is because they don’t have any money, which is a whole different condition.

How do you raise the money if you don’t have it? Sell some shit. Work two jobs. There are so many ways.

But be really careful with your money.  Here’s the thing. Let’s say you have $5 million and you don’t do these things. You’re going to get the same results, except you are going to burn through so much cash, so much faster.

Now the Number 1 step is to spend a great deal of time figuring out the answer to the big question about why someone should give you money for your product or service. The clearer you are with that answer, the easier the money will flow.

The second thing you need to do is test everything that you think will work before you invest hardly any money. If you think you can do Shaggy’s Car Wash, informally see how many cars you can get before you go spending money. Another example would be for a wedding planner to go on their Facebook page and do some research. Ask if people know of anyone that’s getting married that’s on a budget. Offer to do it for free to build your portfolio. There are so many ways to get started.

When you start with no money or little money, the path for scaling your business is much longer. That could be a good thing. It could be a bad thing.

Let’s say you have never owned a business before. The slower you go, the better because you’re going to make mistakes. You’re going to waste money. You’re going to do stupid shit.

If you’re going slow, the punches are kind of soft. But, if you’re going fast and you make these mistakes, the punches are hard. A lot of people can’t take that first punch.

The problem with going slow is someone else may steal your thunder who is better capitalized. That happens all the time because some people think it’s all about the money. It’s not about the money. If you remember Navigator and Yahoo, you remember Google showed up with less money and took over the market. Where are those other companies now?

It’s not all about the money. It’s about the execution. It’s about the market. It’s about the research. There are so many other things.

This channel is for beginners. What I am telling you is the biggest thing you can do to move the needle so you can start making money is that you need to start executing on a daily basis. Wake up tomorrow and actually go out and execute. Talk to people.

If you’re broke, you’re going to have to put in some sweat equity. You will have to do some shit for free, unless you can execute like a Ninja. That’s really the thing because one of the things I’m going to do is guide you on this journey.

I started a new company, Mack Daddy Media. It’s a startup, but in some ways it’s not like a startup. There are a lot of things I could show you if you go ahead and subscribe to B School for Hustlers. I’m going to give you a business model for those of you who made it this far.

You’ve heard of the Amazon Fire Stick, right? Go out and buy an Amazon Fire Stick. Then go into Google and learn how to jailbreak an Amazon Fire Stick. Once you break it, then you can sell it on eBay for $100 to $175. It will costs you about $40. You will make a $60 profit or more.

This is just one of the things you can do to raise some money. One of the things I am going to do on this channel is give you a lot of hustles. I’ll give you a lot of ways to make money really quick.

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