If you had zero money
Speaker:but a big idea, how would
Speaker:you start a business?
Speaker:What kind of businesses
Speaker:can you create with
Speaker:little to no funds?
Speaker:And what free tools
Speaker:can actually help you grow?
Speaker:In this episode, we'll break
Speaker:down practical creative
Speaker:strategies to showcase your
Speaker:expertise, market your service
Speaker:for free, and build momentum
Speaker:without spending a cent.
Speaker:Do you know why I
Speaker:know we can do this?
Speaker:I did it.
Speaker:I was the person who had
Speaker:no money, no clients, and
Speaker:no sense, as it turns out,
Speaker:to build her business.
Speaker:Now I have a coaching
Speaker:business, a service based
Speaker:business, and I'm going
Speaker:to talk about some of
Speaker:the things around that.
Speaker:But I want you to
Speaker:know it can be done.
Speaker:So if you're sitting there
Speaker:thinking to yourself, I
Speaker:need to start a business,
Speaker:here are some tips.
Speaker:If you're thinking to
Speaker:yourself, I don't have a
Speaker:lot of money in my business
Speaker:right now, that's okay.
Speaker:We can make sure that
Speaker:you can use all the free
Speaker:things to get started.
Speaker:We're going to cover what
Speaker:kinds of businesses work best,
Speaker:how to market yourself for
Speaker:free, and why service based
Speaker:businesses are the best bet.
Speaker:In my humble, humble opinion.
Speaker:I started Emma McQueen Pty Ltd
Speaker:on the smell of an oily rag.
Speaker:One of my, messages to
Speaker:myself, one of the rules
Speaker:I had with myself is I was
Speaker:not allowed to spend money
Speaker:until I had made money.
Speaker:And boy, when you've got
Speaker:a rule like that, you
Speaker:work out really quick
Speaker:how to make some money.
Speaker:And then you work out
Speaker:what's going to help
Speaker:you make some more money
Speaker:so that you can keep
Speaker:investing in your business.
Speaker:Right.
Speaker:And I think it's really
Speaker:important to know that upfront
Speaker:that this one sentence has
Speaker:shaped my whole business.
Speaker:And I've been in business
Speaker:for almost eight years.
Speaker:So, What kind of business
Speaker:can you start with no money?
Speaker:It's a great question.
Speaker:The key here is to choose
Speaker:a business that doesn't
Speaker:require upfront investment
Speaker:like inventory or products
Speaker:or office space or equipment.
Speaker:So then the natural
Speaker:inclination is to
Speaker:go to service based
Speaker:businesses, right?
Speaker:The best option when you're
Speaker:starting with nothing.
Speaker:So for me, it was
Speaker:business coaching because
Speaker:I had a background
Speaker:in business coaching.
Speaker:It could be social
Speaker:media management.
Speaker:It could be
Speaker:virtual assistants.
Speaker:It could be copywriting.
Speaker:It could be consulting.
Speaker:In whatever the area of
Speaker:expertise you have, it could
Speaker:be graphic design or branding.
Speaker:Now I have a background
Speaker:in human resources.
Speaker:I've got a degree in commerce,
Speaker:and so it would have been
Speaker:really easy for me to flick
Speaker:into HR consulting, but I
Speaker:just did not want to do that.
Speaker:I did not want to do that.
Speaker:And which is why I
Speaker:chose business coaching.
Speaker:I've been trained with
Speaker:the Institute of Executive
Speaker:Coaches and Leadership in
Speaker:Sydney, IECL, and I had
Speaker:been a business coach.
Speaker:I had been a coach within
Speaker:a business coaching
Speaker:executives for 12 years.
Speaker:So I knew that I had
Speaker:good, steady credibility
Speaker:in the coaching space.
Speaker:The other thing you could do
Speaker:is to have digital products.
Speaker:If you have the
Speaker:knowledge to, to share.
Speaker:Create digital products or
Speaker:ebooks or templates or online
Speaker:courses or any of those.
Speaker:It's a great way to start
Speaker:with no overhead costs.
Speaker:That is not me, but
Speaker:you could do that.
Speaker:And then freelancing.
Speaker:So platforms like Fiverr
Speaker:or Upwork or LinkedIn,
Speaker:they all allow you to
Speaker:get started immediately.
Speaker:Here's what I'd avoid.
Speaker:I would avoid product
Speaker:based businesses.
Speaker:they all require upfront
Speaker:costs for inventory or
Speaker:shipping or manufacturing.
Speaker:And then I would also avoid
Speaker:when I'm first starting out
Speaker:bricks and mortar businesses,
Speaker:because rent and utilities can
Speaker:be a killer, absolute killer.
Speaker:If you're not making the
Speaker:revenue and more importantly,
Speaker:the profit, right.
Speaker:But there are a stack
Speaker:free tools that you can
Speaker:use to influence and grow
Speaker:your business, right?
Speaker:I want to give you some
Speaker:of those free marketing
Speaker:growth tools so that you
Speaker:can see how you can just
Speaker:leverage them smartly.
Speaker:So social media, let's talk
Speaker:social media for a minute.
Speaker:LinkedIn free.
Speaker:Yes, you can buy premium.
Speaker:Do you need premium
Speaker:in the first instance?
Speaker:No, you don't.
Speaker:You can position yourself
Speaker:as an expert in the space.
Speaker:You can share insights
Speaker:and you can connect
Speaker:with potential clients.
Speaker:LinkedIn is a
Speaker:professional platform.
Speaker:So if you're in the consulting
Speaker:or coaching or freelance
Speaker:space, you'd probably look
Speaker:on LinkedIn, Instagram,
Speaker:and Facebook, both free.
Speaker:Both great for personal
Speaker:branding, reels, engagement,
Speaker:all of the things.
Speaker:And then we have TikTok, not
Speaker:my favorite, and YouTube.
Speaker:We use YouTube a lot.
Speaker:We use YouTube shorts because
Speaker:it's short form video content,
Speaker:which is booming, which helps
Speaker:you to build trust fast.
Speaker:Content creation is also free.
Speaker:You can just use your
Speaker:phone as a natural lighting
Speaker:and throw it on YouTube.
Speaker:You can use your
Speaker:phone for podcasting.
Speaker:There are free apps for
Speaker:podcasting, apps like
Speaker:anchor, which now is Spotify
Speaker:for podcasters to record
Speaker:and distribute episodes.
Speaker:There's blogging.
Speaker:Blogging is so free.
Speaker:You can use Medium or
Speaker:Substack or a free WordPress
Speaker:site to establish whatever
Speaker:you've got going on, your
Speaker:content, your credibility,
Speaker:your thought leadership.
Speaker:And then there's these
Speaker:free business tools,
Speaker:Canvas Free, Google Docs
Speaker:and Notion and Canonly.
Speaker:And so there's a lot
Speaker:of free business tools
Speaker:that you actually
Speaker:have at your disposal.
Speaker:I always say you need
Speaker:to start where you are.
Speaker:I know that we want to
Speaker:start with the end in mind.
Speaker:I want to make this much
Speaker:money, but we actually
Speaker:need to start where we are.
Speaker:And we actually have to try
Speaker:and keep ourselves debt free
Speaker:for as long as possible.
Speaker:When I first started, I had.
Speaker:A GoDaddy website.
Speaker:I built it on the train
Speaker:just so I had a landing
Speaker:page for people to go.
Speaker:In hindsight, I
Speaker:didn't even need that.
Speaker:I had so much
Speaker:credibility on LinkedIn.
Speaker:Right?
Speaker:So how do you market yourself
Speaker:without spending a cent?
Speaker:So the biggest challenge is
Speaker:getting seen, but here's how
Speaker:you make it happen for free.
Speaker:You have to showcase your,
Speaker:expertise creatively.
Speaker:So offer free value through
Speaker:your content, LinkedIn posts.
Speaker:wherever it is, host
Speaker:free workshops or live
Speaker:sessions on social media
Speaker:to attract your clients.
Speaker:You can share client wins
Speaker:and testimonials and case
Speaker:studies to build credibility.
Speaker:You can leverage networking
Speaker:and word of mouth.
Speaker:So engaging in Facebook
Speaker:and LinkedIn groups where
Speaker:your audience hang out.
Speaker:you can collaborate with
Speaker:other small businesses
Speaker:for cross promotions and
Speaker:offer discovery calls.
Speaker:Here's the thing though,
Speaker:here's the big thing,
Speaker:and this is what I did.
Speaker:I literally pounded
Speaker:the pavement.
Speaker:I finished with my corporate
Speaker:role on the 30th of
Speaker:November, and I started
Speaker:pounding the pavement
Speaker:on the 1st of December.
Speaker:Everyone told me I was nuts.
Speaker:Everyone said everyone was
Speaker:closing down for Christmas.
Speaker:I thought it doesn't matter.
Speaker:I've got nothing else to do.
Speaker:Let's do this.
Speaker:So for the weeks preceding
Speaker:Christmas, I had three to
Speaker:five coffees or teas or waters
Speaker:or whatever it is a day face
Speaker:to face, belly to belly.
Speaker:I looked up my
Speaker:LinkedIn network.
Speaker:as I said, I had come out
Speaker:of the credibility space and
Speaker:I had looked up my LinkedIn
Speaker:network and they were very
Speaker:happy to hear what I had done.
Speaker:and what I was going to do.
Speaker:And I sold one offer
Speaker:and that was it.
Speaker:It was one offer.
Speaker:It was three to
Speaker:five coffees a day.
Speaker:I ran that experiment
Speaker:for about 10 weeks.
Speaker:So I had a bit of a break
Speaker:over Christmas, but I
Speaker:ran that for 10 weeks and
Speaker:that got us so much work.
Speaker:I was full for a year.
Speaker:I didn't do any
Speaker:of the other bits.
Speaker:I've focused on LinkedIn.
Speaker:I focused on my GoDaddy
Speaker:website and I focused on
Speaker:providing value to my clients.
Speaker:And that was it.
Speaker:So I know that
Speaker:you can do this.
Speaker:There's so much more now
Speaker:that I know that I could
Speaker:have, should have, would
Speaker:have done, but Hey, it
Speaker:hasn't stopped me at all.
Speaker:There are a few creative
Speaker:ways to stand out.
Speaker:So you could run a
Speaker:five day challenge, a
Speaker:three day challenge,
Speaker:a two day challenge.
Speaker:You can run it on
Speaker:Instagram or Facebook.
Speaker:Last year.
Speaker:We ran something called
Speaker:the BD sprint we've
Speaker:running again this year,
Speaker:but last year we ran it.
Speaker:And I did one live with one
Speaker:of my very good friends, Nikki
Speaker:Ellis from cinch training.
Speaker:Our live lasted for seven
Speaker:minutes on Instagram.
Speaker:And from that seven minutes,
Speaker:we got 55 women signing up.
Speaker:It's not hard to do.
Speaker:You just have to be in the
Speaker:mindset that you actually
Speaker:can get this thing done using
Speaker:not very many tools at all.
Speaker:That was just Nikki and I
Speaker:having an Instagram live.
Speaker:So you can also get
Speaker:interviewed on other podcasts
Speaker:and tap into new audiences.
Speaker:I do get asked a
Speaker:question a lot.
Speaker:Am I, should I
Speaker:start a podcast?
Speaker:I say to my clients, I
Speaker:wouldn't start a podcast
Speaker:until I was bringing
Speaker:revenue of about 300, 000.
Speaker:Otherwise I just feel
Speaker:like it's a distraction.
Speaker:But in the meantime,
Speaker:go on as many podcasts
Speaker:as you possibly can.
Speaker:Now, I want to tell you
Speaker:why I think service based
Speaker:businesses are the best bet.
Speaker:there's no inventory, no
Speaker:product development costs.
Speaker:You get immediate
Speaker:cash flow because you
Speaker:sell your expertise or
Speaker:results or outcomes.
Speaker:Higher profit margins
Speaker:because normally it's just
Speaker:you doing the delivery.
Speaker:And you have flexibility to
Speaker:pivot and refine your offers.
Speaker:Now, do I still
Speaker:have that offer?
Speaker:No, I don't.
Speaker:But have I refined it?
Speaker:Yeah, absolutely.
Speaker:So, once your service
Speaker:business is up and running,
Speaker:then you can reinvest
Speaker:in digital products or
Speaker:memberships or online courses
Speaker:for all the other things.
Speaker:I think starting a
Speaker:business with no money
Speaker:is totally possible.
Speaker:And it makes you focus
Speaker:on high value service.
Speaker:It makes you think
Speaker:outside the box.
Speaker:It makes you use free tools
Speaker:and you work out how to
Speaker:market yourself smartly.
Speaker:The key is to
Speaker:start now,
Speaker:take action
Speaker:and build momentum.
Speaker:I would love to hear.
Speaker:What you're planning to do
Speaker:now the things that I've said,
Speaker:what will you take away and
Speaker:what will your action hit
Speaker:me up in the DMS or on text
Speaker:message or career pigeon,
Speaker:however you want to do it.
Speaker:I would love to hear
Speaker:I'll see you next week.