Working from home, or anywhere, in fact, is becoming the preferred path for many and that’s why online businesses are growing in number and stature.
However, many of them require significant financial investment to get started off the ground, and unfortunately, not everyone has the resources to do so.
Luckily, there are businesses that you can start online with minimal capital. Here are some of the best online businesses to start with little or no money.
Whenever online work is brought up, one of the first things that come to mind is blogging because it has become so prevalent.
Blogging, in theory, is simple- you focus on a topic and continue to produce content surrounding that — issues such as sports, food, politics, entertainment, etc.
Or you can do a mix of different topics, and the beauty of it is that you can work from anywhere. And although the initial income is low, it’s cheap to start, and the income potential is high.
To begin, find a blogging platform, domain name and hosting service, and create a design for your site. The most important thing, however, is to make sure you find the right voice and tone and the content is awesome, fresh, and original.
And once you accomplish all that, it’s all about drawing in traffic via different marketing techniques so you can eventually monetize it through affiliate marketing, ad sales, or product sales, making it one of the best online businesses to start with little or no money.
Running a blog isn’t for everyone, but if you still love to write, you can get paid to do so for different websites and blogs. Or, you can go into copywriting and create content for companies looking to increase their brand awareness.
In addition, becoming a freelance writer is another path one can take because of the freedom and independence that comes with. You get to pick and choose which writing assignments to take on and from whom, making you your own boss in a way.
If you don’t like writing then you can create a video blog (or vlog), where the medium of communication is video.
You can make a vlog on a multitude of things ranging from cooking lessons to “how-to” lessons to arts and crafts to makeup to different outdoor activities, etc.
But before you get started, it’s best to do research and familiarize yourself with the format by watching other vloggers.
The convenient part is that you don’t need much to begin- all that’s required is good lighting, a camera, tripod, microphone, and great content! And once you consistently start putting videos out there, it becomes a web television series.
On another note, becoming a YouTube personality, or YouTuber, is growing extremely popular, especially for younger people.
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
This form of marketing follows the structure of revenue sharing and is quickly becoming one of the best online businesses to start with little or no money.
It’s performance-based and straightforward to understand- the more visitors and customers you (the affiliate) push towards a product or website, the more you will be rewarded. And I actually went over one way to build a platform to share your recommendations with an audience- blogging.
The key is never to tell a customer to buy a product, instead, recommending it based on your experience with it. To read more about affiliate marketing, you can check out Pat Flynn’s Smart Passive Income.
Taking a photo is easy, but taking a good one is something different. It’s a talent rooted in a good eye and vision that stems from passion.
And if you have this intense love for photography, you can start making money pretty easily and virtually expense-free- by selling it.
There are lots of people who are willing to purchase pictures, especially if they are unique and versatile. And selling your photos to stock image sites such as Shutterstock, Fotolia, Getty Images, etc. is another excellent way to monetize this passion of yours.
But one thing to keep in mind when selling to stock, the pictures will only make the cut if they are ones that graphic designers or marketing directors can use for their businesses.
Social Media Consultant
Social media is a significant part of life today- personal and business- but being good at it is easier said than done. There are ways to educate yourself and gain experience, however, and once you do, there will be a pool of clients you can link yourself up with.
Larger firms will be more profitable but much tougher to get work with because they can afford to hire a full-time professional team from an agency to run their social media accounts.
But, the smaller, and even medium-sized, businesses are always looking for help. Most of the time, they lack the workforce to take care of it, while not having the financial resources to hire a leading agency, so that could be where you step in and build a name for yourself.
Digital marketing is becoming one of the most popular and best online businesses to start with little or no money because of the magnitude of the internet and social media. But the field goes beyond just social media, as it involves advertising your products/business through a digital medium.
Search Engine Optimization, or SEO, is one of the bigger players in online marketing. It concerns increasing your visibility on a Google Search so the better the SEO score, the higher you will move up on search results, which will help improve the natural traffic to your website.
And once you direct someone to your site, it must be appealing to the eyes, and you must advertise your product or service in a way that will intrigue the customer to the point that they will go down the conversion funnel.
Other forms of digital marketing include email marketing, search engine marketing, and online advertising among others.
With how competitive education is today, parents are trying to provide their children with the best resources possible to excel. Thus, tutoring is increasing in demand, so it’s worth capitalizing on the potential to make some good money.
And it’s pretty simple; the primary requirement is being proficient in the field of study which you will be tutoring in. You can get started by applying at websites such as tutor.com or tutorme.com, and you’re set!
Believe it or not, you can manage a store and do all the work from anywhere. It’s called e-commerce, where you can build an online shop to buy and sell products, and it’s a rapidly growing market.
If you do not want to build the store yourself, Amazon and eBay offer online marketplaces where third-party sellers can put their products up for sale.
Selling on Amazon does not have a monthly fee, instead, sale to sale fees depending on the item cost. One suggestion would be to make an Amazon Seller account because it’s free and you can start learning about the industry through Amazon’s Seller University.