The 6 Best Online Businesses To Start With No Money
A re you looking for a part/full-time job or a side hustle to make money online?
If you are, continue reading this post to discover 6 of the best online businesses to start with no money and experience.
Luckily, you can run these best online businesses to start with no money from anywhere even in the comfort of your home.
After you choose the business which suits you best in this list of the best online businesses to start with no money, you can visit this post to discover 7 easy steps you can use to launch and build an online business from scratch to a multi-billion empire.
This post may contain affiliate links, read a full disclosure policy here.
6 Best Online Businesses To Start with No Money
Drop shipping is one of the best online business without investment because one does not handle inventory directly. In this best online businesses to start with no money, you will not purchase the stock directly and store it in your warehouse like in other online store business models.
First, you will need to identify your niche market and the right products to sell to the buyer personas in that market. Then, you will need to do some market research to identify best drop shipping suppliers.
Finally you now need a platform (either a website or online store) where you shall promote your products and link your customers to suppliers. You can create a free website on Wix or an online store on Shopify and BigCommerce.
There are many people makings lots of money with drop shipping, such as this case study of Asif Siddiqui. Therefore, you can also make extra cash every month with this business model as long as you launch it correctly.
Advantages and Disadvantages of Dropshipping
|Requires little or no capital investment||Low-profit margins|
|Easy to operate, learn and get started||Likely to run into inventory issues because you are just a middle merchant who transfers the role of shipping to another person.|
|Low overhead||Many customer service issues which are likely to result in distrust.|
|Flexibility because you can run it from anywhere||High chances of falling into dishonest suppliers and drop shippers.|
|Wide products selection base||High competition|
|Availability on many wholesalers and suppliers|
|Easy to scale|
Blogging is one of the easiest and most common online business which anyone can start using the simple steps below. The upside of this best online business to start with no money is that you do not need any prior experience.
Also, blogging is a lucrative online business for beginners because there are many resources and reading materials on the internet you can use to build one from scratch.
Four Steps to Starting a Blogging business Without Money
a) Pick a Profitable Niche
You can find a profitable niche through several strategies, such as keyword research, market research and your passions/hobbies analysis as explained in this post on three quick hacks to finding your right niche. There are many profitable blog niches, such as those related to money, personal development, fashion, food and health among others.
b) Choose a blogging Platform
There are many free blogging platforms, which you can use with zero cost and investment, such as Wix, WordPress.com, Blogger and Medium among others. However, the downside of using a free platform is low security, lack of flexibility, limited resource options and you have little control over the design.
Therefore, when your blog grows you should consider moving to a self-hosted blogging platform, such as WordPress.org. I started this blog on Bluehost self-hosted hosting package then moved to Siteground WordPress hosting when the blog grew.
c) Monetize your blog
Blogging is one of the best online business to start with no money because you can use the strategies below and many others to make money fast.
- Affiliate marketing: Earn money by promoting other merchants products through placing affiliate links within your blog posts, and receiving a commission every time a customer makes a successful sale through that link.
- Advertising: For example, you can use Google AdSense ads to make money or other ad networks.
- Sell digital products: Create your products, such as courses and e-books and sell them to your blog readers and audience.
- Offer services: Get paid to offer several services, such as consulting, coaching and content writing among others.
Recommended reading: How to monetize a blog the right way in 2018
f) Promote and drive traffic to your blog
There is no use in writing many blog posts, and no one reads them. Unfortunately, you cannot write a blog post and sit back hoping that your target audience will find it without you promoting it.
There is too much competition in an internet space with over 3.9 billion users and 1.9 billion websites. For example, 2.4 million blog posts are written daily, which means your blog post will get lost in this sea of competition if you do not promote it.
Email marketing, forum marketing, influencer marketing, social media marketing and search engine marketing are some of the ways you can use to promote and drive traffic to your blog.
Recommended reading: How to promote and drive traffic to your blog
3. Affiliate Marketing
Affiliate marketing is one of the oldest and most common online business without investment where you promote products produced by other online entrepreneurs.
It is one of the best online business to start with no money because most affiliate programs are free to join with no start-up costs and strict barriers to entry.
How does affiliate marketing work?
- Firstly, join an affiliate program either directly through the merchant website or apply to affiliate products on affiliate networks, such as ShareASale, MaxBounty, Clickbank, AmazonAssociates, and Commission Junction among others. Some of these affiliate networks will approve your account even if you do not have a website/blog, but most require you to have a website.
- Secondly, get affiliate marketing materials and promote them in this online business without investment. These materials can be links which you will paste into your content or banners you can put on strategic locations on your website.
- Buyers, readers, and viewers will click on the link and buy from it. The affiliate network or company will track the sale and record it.
- After a successful sale is recorded you will earn a commission out of the total purchase. For example, if you are promoting Divi WordPress theme, you will get 50% commission out of the whole profit.
Places To Promote Your Affiliate Links Without Paying Anything
- Pinterest: Learn how to create pins with affiliate links from these two guides: How to use Pinterest for business.
- Lead pages: Create affiliate marketing landing pages and sales funnels with lead pages to make an affiliate sale.
- Linkedin: Use Linkedin groups, company pages and publishing to promote your affiliate links to make a sale.
- Ebooks: Add affiliate links in your ebook to make money online.
- Podcasts: Start a podcast free with zero investment and then monetize it with affiliate marketing.
- Facebook: Create Facebook profiles, pages and groups then use affiliate links on them the right way to make money online.
- YouTube: Create a Youtube channel for online business and monetize it with affiliate marketing the right way. Remember you must offer valuable content before people can buy from you.
- Forum Signatures: Join forums, such as Quora, Reddit and Warrior Forum among others and then engage in the conversation and drop affiliate links where relevant.
- Hubpages: Visit this link to understand how to earn money online with Hubpages through affiliate marketing.
Freelancing is a business where you offer services to people then they will pay you for the tasks you complete. In the online business space, there so many freelance services you can offer to people, which makes this one of the best online businesses to start with no money.
Example of Six Freelance Services you can offer
Help people to write blog posts, assignments, business projects, magazine articles and all other forms of writing. Fiver, Upwork and Freelancer are some of the best freelance marketplaces you can get these types of gigs.
b) Ride Sharing & Renting
Do you love vehicles? If you do, there are many ways to create a freelance car business, such as a) driving people at Lyft or Uber, b) renting your car at Getaround or Rental Cars and c) delivering packages to people at Doordash or Shipt.
c) Virtual Assistance
d) Home Care
Would you love to become an in-home nanny or pet sitter? If you would use SitterCity to find high paying jobs for nannies/sitters and Rover.com to find pet sitting jobs. You can also use TaskRabbit to get hardy tasks, such as gardening, moving, plumping, home repairs and fixing things among others.
Do you love teaching kids or adults? Most tutoring sites, such as Qkids, VIPKID and Education First will pay you more than $12 per hour to teach English and other subjects. Read this article on online tutoring jobs if you want to make money online by becoming a teacher.
f) Shopping for others
Sites like Instacart and Mystery Shopper will pay you to shop groceries and other items for people who are busy. People who are busy at work may not have enough time to go shopping, and so they will always hire shoppers to do it for them.
5. Sell Stuff Online
Selling stuff online is one of the best online business without investment.
The good news is that you can sell anything on different online platforms as long as it is in excellent condition and it solves a problem a specific buyer has in their life in this best online business to start with no money.
These can either be old stuff you do not use anymore, reselling other peoples products for a profit or selling products you create from scratch.
Places you can sell stuff online
Decluttr: You can sell anything from CDs, DVDs, games, cell phones and even other items that are not electronic, such as books.
CafePress: This is one of the many places you can sell handmade products, such as T-shirts, mugs, and clothes among others.
Udemy: This is one of the best platforms you can use to sell and market your online courses. The site is popular and has more than 1 billion users, which means your classes will have higher exposure to your target audience.
99 Designs: Do you know how to design logos, business cards, flyers and all other types of creative designs? If you do, 99 Designs is a marketplace for designers where you can find high paying gigs which match your design skills and goals.
LetGo: A mobile app that will help you to buy and sell things online, such as cars, electronics, movies, books and clothes among others.
eBay: Sell anything on eBay, such as shoes, bags, electronics and any other belonging or merchandise you would like to get to the right customer.
Gazelle: Buy and sell smartphones both new or used and other electronic devices on this network.
Cash4Books: Earn money online through selling new or used books.
Fashionphile: Sell used clothing that you do not need any longer.
OnceWed: Sell/buy wedding dresses.
6. Use Free Internet Opportunities
Six Examples of Free Internet Opportunities
a) Make Money from Get Paid To Sites
CashCrate: Get paid to take surveys, watch videos, shop online and complete other offers. You can easily earn more than $30 daily.
MyPoints: Earn points after taking surveys, shopping online and watching videos, then redeem those points into cash, gift cards and other prizes.
InboxDollars: A site you can get paid to read emails, watch videos, take surveys, take tests and complete other short offers.
Swagbucks: Make extra cash through watching videos, shopping online, surfing the web, taking surveys, using gift cards and reading emails among other tasks.
MySoapBox: Share your feedback about products you use and other things you do daily and earn cash in return.
b) Testing Products, Applications and Websites
Slicethepie: One the best music review sites out there that will pay you to listen and give opinions on music track records. For example, you can easily make above $2 per hour in this site for doing short, simple tasks.
Product Testing: You shall receive free products samples you are supposed to use and give feedback about their effectiveness and suggestions for improvement.
c) Using Mobile Apps
Shoptracker: Get paid to share your Amazon shopping history.
Nielsen Mobile and Computer Panel: Earn $50 from this app after you download, install and keep it active on your phone.
d) Financial Management & Bills Lowering Apps
They say that money saved is money earned. These app will help you to save money more and spend wisely, which will increase the about of cash you have left for investment.
Mint: Make better budgets, financial planners and other budgeting tools in this app.
Trim: This is one of the best financial advisors and manager you can use to track your expenses and create a smart budget.
Bloom: An online robo advisor that will help you to make better investment decisions when it comes to managing your 401(k) account and contributions.
Credible: Refinance your students loans with this app. Refinancing is the process where a third party pays off your existing loan (usually one with a higher interest rate), and then you shall get a new loan (with a lower interest rate).
e) Take Surveys
Taking surveys is one of the best free internet opportunity you can use to make extra cash every month working part-time during your spare time. Below are five of the best survey sites you should try out;
f) Shopping Online
Ebates: Use this app to make money when shopping by getting cash backs, shopping at the lowest prices and finding coupon and discount codes.
Drop: Use this app to earn points when shopping and find the best gift cards.
Shopkick: Scan barcodes, send shopping receipts, take shopping surveys and watch videos in this site and make money from your shopping knowledge and expertise.
National Consumer Panel: Take surveys related to what you shop in this panel, and make extra cash every month.
Avon: Become an Avon sales representatives and for every customer who shops in this eCommerce marketplace, you shall earn a 40% commission.