What can you do when you go broke?

When you have $200 left in your account (but you have a place to stay and food), what are your options?


Start providing knowledge services, write down areas you are best at and advertise your services probably against an hourly rate. You can use lots of freelancing sites to spot on jobs and projects and as you collect enough money, this will help you to restrategize and relaunch a successful venture. I went through this sometime ago and put a full system for it.

Answered 8 years ago

Sell services. Something you've already sold. Pare it down to the simplest and easiest (note I didn't say "cheapest") thing you can do.

Getting a job is going to take too long for you to get paid from; services can earn you cash today.

You should already know a target market and its pain points, and exactly what you can do to fix the underlying problem. Get out there and interact with your target market: great conversations with qualified prospects lead to sales.

Do not invent anything at this time! Concentrate on solid delivery of something you already know very well. Get name recognition, testimonials, referrals and a track record going about YOU solving a specific problem for a specific group of people. It'll make life easier for you on several levels.

Answered 8 years ago

Selling your services will also take a while to get paid. If you are a consultant, unless you can establish a retainer agreement, you will still be 60 days before you get paid.

Honestly, you need to sell "stuff" if you need immediate income. What can you make or craft? What kind of information products can you develop quickly that people will buy online?

You need a strategy like this while developing a possible services offering/clients. You may need to even just get a job that will pay you every two weeks and develop a new venture on the side.

Unfortunately, nothing comes free, quick or easy. Develop a plan to get back on your feet, but in the mean time find something that you can make that you can sell in a cash exchange transaction quickly.

Answered 8 years ago

Read Think and Grow Rich daily. You will find that almost all great success stories come from people who didn't have as much as you have right now. Many, like Thomas Edison didn't even have an education. You are blessed to have this problem because you now can turn it around.

I have been there. Start now to develop an informational product and find out how to sell it. Do any work you have to do to follow your passion. Don't give up and think positively. Don't become rude or feel sorry for yourself. And above all do not give in to negative thoughts or opinions, even your own.

Start small and dream big. Little hinges swing big doors.

Best of Luck,
From the Trenches to the Towers Marketing
I will be glad to help as my time permits.

Answered 8 years ago

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