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The 6 Best Online Businesses To Start With No Money

by | Jun 14, 2018 | Make Money Online, Online business Tips

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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6 online business without investment you can start with no money

6-best-online-businesses-to-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

6-best-online-businesses-to-start-with-no-money-drop-shipping

Advantages and disadvantages of drop shipping

ADVANTAGES DISADVANTAGES
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

Case studies and success stories: Asif Siddiqui, you can find more at AliExpress blog success stories.

Recommended Reading: The Ultimate Guide to Dropshipping and The Ultimate Blueprint to building a dropshipping business.

6-best-online-businesses-to-start-with-no-money-drop-shipping

2. Blogging

6-best-online-businesses-to-start-with-no-money-blogging

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.

6-best-online-businesses-to-start-with-no-money-blogging

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

See free blogging platforms, which you can use with zero cost and investment, such as Wix, WordPress.com, Blogger and Medium among others.

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.

There are many self-hosted blogging platforms which you can choose from, such as WordPress.org, Blogger, Tumblr, Squarespace and Weebly among others.

Recommended reading: The step by step guide on how to create a blog on a self-hosted platform.

6-best-online-businesses-to-start-with-no-money-blogging

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

6-best-online-businesses-to-start-with-no-money-blogging

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

6-best-online-businesses-to-start-with-no-money-blogging

v) Grow your blog

Use the tips below to grow this best online business to start with no money into an empire;

Recommended reading: The Ultimate Guide to creating a Money making Blogging business

Related Posts 

6-best-online-businesses-to-start-with-no-money-blogging

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?

6-best-online-businesses-to-start-with-no-money-affiliate-marketing

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.

Tips for running a successful affiliate marketing business

4. Sell your services

6-best-online-businesses-to-start-with-no-money-sell-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

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

Recommended reading: 60+ Places to Sell Services Online and Grow Your Business

6-best-online-businesses-to-start-with-no-money-sell-services

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.

Other places to sell products online: EtsyeBidBisellBonanzaWincEnvanto Elements and Theme Forest.

Success stories: Tracy Smith and Melissa Stephenson

Recommended reading: The Ultimate list of places you can sell stuff online

6-best-online-businesses-to-start-with-no-money-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

Recommended reading: How to make money online fast.

Conlusion

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.

6-best-online-businesses-to-start-with-no-money

My name is Hildah Mwende. I am a freelance writer and a coach. My expertise falls in the following subject areas, but it is not limited to them: WordPress, Search Engine Optimization and Social Media Marketing. Find a comprehensive list and description of all my competencies and specialties here.

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