Can You Make Money Without Money?

When I ask why you don't start your own business, I always hear, "I don't have money to start a business."

This is a common excuse people give for not starting their own business.

There is truth in the statement. You actually need money to make money or to start a business. But the question is "Do you need a lot of money or little to start a business?" and "Whose money do you use?"

Yes, I admit that it does take money to make money but it doesn't need to be your money!

Recently, one of my friends closed his restaurant business due to staff problems. But he quickly jumped to another business opportunity.

The business idea is so good that I want to share with you.

He is now running a training company. He focuses on corporate training. Basically, what he needs to do is to bring in famous trainers to his workshops. Market and promote the workshops and get people sign up for the workshops.

How much money do you think he needs to invest to organize one workshop? From getting the speaker to marketing, from selling tickets to renting a venue?

It will definitely cost a lot of money! Even if you only talk about marketing.

You know how much money my friend put in to organize a workshop? Close to zero!

How could that happen? How on earth that he doesn't use his own money to organize a workshop but all the profits go into his pocket?

Here is how.

He got the idea to look for sponsors for his workshop. After a few rounds of searching and corresponding, he managed to get big companies to be the sponsors for his workshop.

For companies to become my friend's sponsors, they need to contribute money to promote the workshop. This single idea helps my friend to save hundreds of thousands of dollars in marketing.

Not only that, his sponsors also help him to market and sell tickets for his workshops. He also can leverage on the sponsors' client databases.

Of course, my friend doesn't mind to give some commissions to the sponsors from the sales of tickets. It's only a small fraction of the whole profit.

By making such an arrangement, a lot of work is off-loaded from my friend. It's like having a well-oiled machine working for you without much of your involvement.

My friend doesn't need to invest a big sum of money for his workshops. Someone else will pay for his workshop expenses.

Does this sound like an excellent business idea? Of course, it does.

This is what I call ideas at work. Making money does not necessarily require huge capital, it's all about coming up with ideas that other people are willing to invest in.

As Napoleon Hill once said, "One sound idea is all that you need to achieve success." And also stressed by Robert Kiyosaki "Money is an idea."

Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html

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Google News Updated : Fri, 29 Aug 2008 06:25:11 GMT Scientists Reprogram Adult Cells' Function - Washington Post Chatter Shmatter Scientists Reprogram Adult Cells' Function Washington Post - 10 hours ago By Rob Stein Through a series of painstaking experiments involving mice, the Harvard biologists pinpointed three crucial molecular switches that, when flipped, completely convert a common cell in the pancreas into the more precious insulin-producing ... Researchers Report Advances in Cell Conversion Technique New York Times Diabetes researchers convert pancreas cells to produce insulin Los Angeles Times USA Today - Boston Globe - Bloomberg all 457 news articles Publ.Date : Thu, 28 Aug 2008 19:41:39 GMT South Carolina survives 4 interceptions - The Associated Press Washington Post South Carolina survives 4 interceptions The Associated Press - 1 hour ago COLUMBIA, SC (AP) - Steve Spurrier just can't avoid quarterback controversies. South Carolina's coach had intended since April for junior Tommy Beecher to lead the Gamecocks. NC State gets off to a rough start Winston-Salem Journal Locker Room Report: Tom O'Brien CanesTime.com N.C. State University Technician Online - Memphis Commercial Appeal - FayObserver.com - Burlington Times News all 270 news articles Publ.Date : Fri, 29 Aug 2008 04:31:00 GMT A Georgia School System Loses Its Accreditation - New York Times ABC News A Georgia School System Loses Its Accreditation New York Times - 2 hours ago By ROBBIE BROWN ATLANTA - A county school system in metropolitan Atlanta on Thursday became the nation’s first in nearly 40 years to lose its accreditation, and the governor removed four of its school board members for ethics violations. Clayton schools’ fears are realized Atlanta Journal Constitution Group: Troubled Ga. district loses accreditation International Herald Tribune ABC News - The Associated Press - News/Talk 750 WSB - WLOS all 441 news articles Publ.Date : Fri, 29 Aug 2008 04:08:34 GMT Storm could postpone Republican convention - Los Angeles Times radiojamaica.com Storm could postpone Republican convention Los Angeles Times - 1 hour ago By Maeve Reston, Los Angeles Times Staff Writer BLOOMINGTON, MINN. -- As the political spotlight shifts to the upcoming Republican convention in Minneapolis-St. McCain camp closely watching Gustav CNN Political Ticker GOP could delay convention if Gustav hits MarketWatch Houston Chronicle - USA Today - Pensacola News Journal all 139 news articles Publ.Date : Fri, 29 Aug 2008 05:25:11 GMT NBC Rules Wednesday Night - New York Times NBC Rules Wednesday Night New York Times - 1 hour ago By BENJAMIN TOFF; Compiled by Julie Bloom “America’s Got Talent” helped NBC in the ratings on Wednesday, making the network No. Obama's breathtaking show transcended politics The Associated Press Ratings dip on DNC's night 3 Variety Denver Post - Multichannel News - MarketWatch - New York Daily News all 661 news articles Publ.Date : Fri, 29 Aug 2008 05:00:29 GMT Concerns remain as salmonella outbreak comes to an end - Los Angeles Times Concerns remain as salmonella outbreak comes to an end Los Angeles Times - 3 hours ago The produce industry says the FDA search for the source, which shifted suspicion from tomatoes to jalapeño and serrano peppers, shattered consumer confidence and cost it millions. Salmonella Outbreak Is Said to Be Over New York Times Feds: Worst of salmonella is over Bradenton Herald AHN - Food Consumer - CNN - The Associated Press all 560 news articles Publ.Date : Fri, 29 Aug 2008 02:43:58 GMT Clark to speak with Minister over fraud claims - ABC Online TVNZ Clark to speak with Minister over fraud claims ABC Online - 2 hours ago By New Zealand correspondent Kerri Ritchie New Zealand's Prime Minister Helen Clark is under increasing pressure to sack her Foreign Affairs Minister, Winston Peters, who is being investigated over undeclared political donations. Peters steps down from Government New Zealand Herald NZ foreign minister under pressure to resign International Herald Tribune AFP - National Business Review - The Dominion Post - TVNZ all 309 news articles Publ.Date : Fri, 29 Aug 2008 03:48:29 GMT Create Blog RSS Software

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