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TEXT C discusses starting a small business with limited resources. Summarise, in your own words, how to start a small business in South Africa without money.
NOTE:
1. Your summary should include SEVEN points and NOT exceed 90 words. 2. You must write a fluent paragraph.
3. You are NOT required to include a title for the summary.
4. Indicate your word count at the end of your summary.
TEXT C
HOW TO START A SMALL BUSINESS IN SOUTH AFRICA WITHOUT MONEY
Money should not be a stumbling block to creating a successful company. Here are various approaches for how to start a small business in South Africa without money.
Taking advantage of free resources can help you learn skills that you can turn into a business. Learn something in line with your interests. Some websites that offer free courses are Edx, Udemy, Coursera, and Udacity. To begin earning money this way, one needs to start uploading exciting videos on YouTube regularly. Once you qualify for YouTube’s partnership program, you will start receiving monthly payments from Google. You can simultaneously get sponsorship deals to supplement the AdSense earnings.
Armed with the knowledge you learned from utilising free resources, you can start a blog that runs on a free hosting plan. The model of earning here can be similar to that of YouTube. Take advantage of affiliate programs that will pay you affiliate commissions.
You can turn your phone into a great tool by taking awesome photos. After some editing, upload the images onto your social media and watch your followers grow. With a large following, one can become an influencer and start earning money from the same.
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Provided you have learnt how to do video or photo editing, you can leverage this skill on many online freelancing platforms. If you do it right, it will be a matter of time before you have a fully-fledged modern photo and video studio.
After learning from tutorials and how-to videos, you can go online, create an audience and develop your portfolio. To pull this off, you must start by being helpful online. Start by creating some trust with your target audience. After building an audience, you can start charging for your knowledge or sell premium eBooks in your area of specialisation.
Brokering is another simple business idea for which you need only what you have. One way of doing it is to identify sellers and connect them to buyers using your social media platforms. Some can opt to develop a platform that connects buyers and sellers and then get a commission from each successful transaction.
Business incubators provide business coaching, professional support, office space, and even funding. Take advantage of business-minded people in your network to help you raise the capital. This way, you would have acquired free money to start a small business.
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answered10 days ago