Myth 4 of 8: It Takes Money to Make Money
So far, we have covered:
Another barrier to Filipinos wanting to start a business is money…
You can check out Entrepreneur magazine, and you will read plenty of stories of ordinary people who not only did NOT have money but even started building their business while in debt because they had bank loans to begin with. Not all debts are bad, you see.
Read Entrepreneur magazine and you’ll find small business opportunities of your choice that you could start for less than PHP 100,000 or even less than PHP 50,000.
You can also join a network marketing business for about PHP 2,000 and above. It actually is a legitimate business opportunity where profits can be huge compared to the investment. It’s just that the industry has been tainted by unscrupulous companies and business owners.
Be very careful of scams.
Learning how to identify legitimate network marketing companies is another topic altogether, but you could already get a lot of information from the Direct Selling Association of the Philippines website at dsap.ph.
You can also simply cut the cost of your dinner out or movie date and invest this money for your own online business. The internet, they say, is the greatest monetary equalizer. You don’t have to be a tech savvy, computer geek, genius to make money online.
Starting with less than PHP 1,500 a month, a reliable computer, an internet connection, and an idea, you can leverage on the speed, low cost and massive reach of the internet to attract prospects and customers to whatever product or service you offer, even from across the globe.
It’s that powerful.
There are many myths too about building your business online but that again is another topic. In the meantime, did you know that Mark Zuckerberg, Facebook CEO, is a young internet BILLIONAIRE at age 25? Something to think about…it’s not because he had the money to start with.
“Learn to listen. Opportunity could be knocking at your door very softly.” – Frank Tyger
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