The 6 Best Online Businesses To Start With No Money
- The 6 Best Online Businesses To Start With No Money
- HOW TO START AN ONLINE BUSINESS
- 6 online business without investment you can start with no money
- 1. Drop Shipping
- 2. Blogging
- 3. Affiliate Marketing
- 4. Sell your services
- 5. Sell stuff online
- 6. Use free Internet business opportunities
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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.
You can also visit this post to discover 40 highly profitable online businesses you can start with little or high capital investment.
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.
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HOW TO START AN ONLINE BUSINESS
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6 online business without investment you can start with no money
1. Drop Shipping
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.
How drop shipping works
Advantages and disadvantages of drop shipping
|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|
How to start drop shipping online business without investment
- Set up a platform where your customers will find products and place orders through your online business with these two ways. Firstly, create a website or secondly, set up a virtual store on Amazon, eBay, Shopify, AliExpress, AliDropShip, BigCommerce and Wix.
- Know your target market by clearly identifying your niche market, buyer personas, and unique selling proposition for this best online business to start with no money. They will help you to choose the right products and target the right customers, which will result in high-profit margins and less wastage of resources.
- Find the right products to sell by considering several factors, such as retail price, size, and turn-over rate among others in this best online business to start with no money.
- Find the right drop shipping suppliers and partners to work with by considering several factors, such as their credibility, merchandise, and experience among others.
- Market and promote your drop shipping business through email marketing, search engine marketing, social media marketing and other forms of online business marketing tactics to gain more customers in this online business without investment.
- Grow and run your business to make more profits by uses these keys to success, avoiding common online business mistakes and increasing customer engagement in your online store.
Recommended Reading: The Ultimate Guide to Dropshipping and The Ultimate Blueprint to building a dropshipping business.
Blogging is one of the easiest and most common online business without investment 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 and you can begin it free from home as long as you have an internet connection and a computer.
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.
Five steps for starting an online blogging business
i) Find a profitable blogging niche
Blogging is a lucrative best online business to start no money and has high financial returns when you write on a specific niche market or subject.
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.
ii) Choose a blogging platform
There are two options you can use in this best online business to start with no money.
a) Use a completely free platform
Yes, these platforms are free but have several disadvantages associated with these free blogging platforms
- No control because you do not own the platforms.
- Low security
- Low flexibility because there are few templates, plugins and other resources.
- Do not look professional so takes time to build brand loyalty and ranking in search engines.
Therefore, this explains why this second option of blogging platform is better in this best online business without investment.
b) Use a self-hosted platform
Unlike the free platform, this option comes with a little cost which is affordable and worth the investment if you want to avoid the frustration of using a free platform in this best online business to start with no money.
The difference between the two is that in a self-hosted platform you get to choose a domain name and buy hosting package as explained in this post on the three things you need before creating a blog.
Recommended reading: The step by step guide on how to create a blog on a self-hosted platform.
iii) 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
iv) 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
v) Grow your blog
Use the tips below to grow this best online business to start with no money into an empire;
- Use the right tools
- Be consistent
- Perform SEO best practices: keyword research, on page SEO, off page SEO and link building.
- Build brand identity
- Measure and track performance
- Measure and learn from competition
- Avoid common mistakes
- Build readers engagement to get more shares, followers, buyers and other conversions.
Recommended reading: The Ultimate Guide to creating a Money making Blogging business
- 10 ways to make more than $2000 per month with a blog.
- How to make your blog posts rank on page 1 of Google.
- How to get more than 25,000 pageviews to your blog in less than 1 month.
- How I used Pinterest to double my blog traffic.
- How I built my email list from 0 to 100 subscribers in one month.
- The blogging tools and resources I use to manage this 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?
- Join an affiliate program either directly through the merchant website or 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. Therefore, consider creating a site either on a free platform, such as WordPress.com or pay little for a self-hosted website which is secure. Visit this: How to create a site in 2018 the right way
- 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.
Strategies of running an affiliate marketing business with zero investment
Below are some of the places you can promote your affiliate links free without any start-up costs in this best online business to start with no money.
- Pinterest: Learn how to create pins with affiliate links from these two guides: How to use Pinterest for business and Make money with affiliate links on Pinterest.
- 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.
Tips for running a successful affiliate marketing business
- Offer value first before making a sale
- Find a profitable niche
- Use the right tools
- Find the right products and affiliate programs with high conversion rates.
- Track and measure progress and do not be afraid to drop poorly performing products.
- Promote the links and content widely to get more sales conversion.
- Do keyword research to find well-performing products with a high selling and buying potential.
4. Sell your services
Apart from selling physical products or promoting other online entrepreneurs products, you can create a service-based online business without investment where you will get paid for your expertise.
Selling your services is one of the best online business to start with no money because
Examples of service-based online business without investment
- Freelance Writing at Fiver, Upwork and Freelancer.
- Photography at ShutterStock, Photolemur, iStock, Adobe, DepositPhotos, Getty Images and Etsy.
- Virtual Assistant
- Offer design skills at; sell your crafts and designs at Envato Elements Marketplace, get paid to design logos at 99 Designs, host design classes at SkillShare, sell design templates at Theme Forest, sell handmade designs at 3D Hand Design and get hired to design at Fiver, Freelancer and Upwork.
- Rent your car at Getaround and Turo.
- Become a driver at Uber, Lyft, HopSkipDrive, Wingz, Juno, iCarpool.
- Deliver packages, food and groceries at Instacart, Shipt, SendFlowers, Drizly, Doordash, Munchery, UberEats, Postmates, Martha & Marley Spoon.
- Social media manager
- Web designer or developer
- Personal training on fitness, beauty, and makeup among others
I have just mentioned a small list above of the most common service business types, and you can find more in these two articles 105 service-based online business ideas and 40 online business ideas you can start today.
Places to sell your services and find clients for your online business
- Freelance marketplaces, such as Upwork, Freelancer and Fiverr.
- You can also find work in job sites and job boards, such as, CouldUseAJob.com, WantANewCareer, StartACareerToday, Flexjobs, Indeed.
Recommended reading: 60+ Places to Sell Services Online and Grow Your Business
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
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.
Recommended reading: The Ultimate list of places you can sell stuff online
6. Use free Internet business opportunities
The internet already has many online business opportunities without opportunities you can begin to use today to earn money online.
Examples of free internet business opportunities
- Testing websites and products at SlicethePie and TestiO.
- Money making Smartphone Apps, such as Fiverr, Inbox Dollars, Elabelz, Nielsen Mobile and Computer Panel, MobileXpression, Paribus, Ibotta, Foab and Dosh among others.
- Shopping online with Swagbucks, SnapMyEats, Ebates, Be frugal, ShopTracker, Checkout 51 andSnap by Groupon.
- Completing offers, such as taking surveys, watching videos, taking small tests and shopping online on several sites, such as Swagbucks, PointPrizes, CashCrate, MyPoints and InboxDollars among others.
Recommended reading: How to make money online fast.
There you go, it is over to you now!
Remember that anybody can make money online in the above online businesses without investment opportunities because they are free and do not require any experience or technical expertise to start.
However, you will need passion, motivation, and consistency because it will take some time before you can begin making money on any of this best online business to start with no money.
I think you can also use the posts below to learn more about online businesses.
- How to start an online business in 7 easy steps
- 40 online business mistakes to avoid at all cost
- How to engage people with your online business and make more sales
- 40 online business ideas that will make you a millionaire quickly.
- How to make $100 online daily
- 50 of the best surveys sites to make money in 2018.