4 ideas for online businesses you can start with no money
Photo by Tran Mau Tri Tam ✪ on Unsplash
Having your own online business is not only a good income but also a great opportunity to realize your talent and skills. That is why every year there are more and more people launching such projects. According to Zippia statistics, the share of online business in the USA is 29.7%. For comparison, in 2002 this figure was only 9%. These data confirm the fact that the idea is quite profitable.
However, not everyone decides to take such a serious step. In most cases, beginners are stopped by the lack of start-up capital necessary to create a foundation. Well, it’s time to disprove this belief and find out how you can start an online business without any financial investment. We suggest considering several effective options.
Affiliate marketing
This is one of the most popular models for successfully launching an online project without investments. In some ways, it is similar to drop shipping cooperation. However, there are several significant differences between these activities. The main one is the way of doing business. If you choose affiliate (partner) marketing, you will need to offer products on your website or blog. There are a variety of affiliate marketing tools you can use to start your career as an affiliate marketer with no money required.
A unique link must be attached to each product. After it, the potential client goes directly to your partner’s web resource. In the event of a purchase/order, this is reflected in the database. A commission of a certain amount is charged for each such action. The amount of the reward depends on the conditions offered by the affiliate partner. Average indicators vary from 5 to 50%. If these are products from the digital segment, then the commission can be more than 50%.
This business model does not involve large financial investments. Money may be needed only to set up ads. However, financial benefit is not the only advantage of the project. You can also count on other benefits:
- No need to maintain premises and warehouses for placing the partner’s products
- Wide opportunities for cooperation
- No obligation to arrange delivery
- Minimal effort
- No need for accounting operations
- Low risks
Source: Aliliquat
It only takes a few simple steps to build a successful online affiliate marketing business. You need to first find a profitable niche and choose a reliable partner (it can be Home Depot, CJ Affiliate, Clickbank.com, etc.). The next step is to create interesting ads with links that attract attention. This should direct users to your product page on your website, which should include those affiliate links.
If potential clients make the transition, the partner company is directly involved in the process. She takes orders, issues invoices, arranges delivery of the order to the customer, and accepts requests/complaints. Your main task in this case is only to create an incentive to click on the link.
https://aliliaquat.com/affiliate-marketing-beginners-guide/
Creation of creative and interesting online video materials
Apart from affiliate marketing, you can also use the earning model of YouTube channel owners and other similar platforms. Despite the fact that there are many users who have occupied almost all popular niches, you can still find a place for your content. When choosing this type of online business, it is worth remembering the key factor of earnings – the number of views.
The level of income depends on this indicator. Accordingly, you will need to create interesting and useful content that can be enjoyed by thousands of viewers in your country and abroad. To succeed in this business, you should immediately think about the strategy, style, and unique features that will distinguish you from other channel owners. The format of video materials can be different. Users are interested in various instructions, recipes, product reviews, funny and entertaining videos, roundups based on their interests (such as summer event trends) and other types of content.
Receiving money in this case is related to enabling the monetization function in the settings. In this case, the platform is given permission to add short advertisements to your videos. Thanks to this, your account receives a payment. Paid sponsorship can be an additional option. If the number of subscribers reaches high figures, then companies can offer you cooperation.
Direct deliveries
This is another profitable solution for an online business that does not require a financial investment. The essence of the idea is to use the capabilities of popular platforms (for example, Etsy or Amazon) and place products for sale there. An important feature is that you do not need to store these goods in your warehouse and organize their delivery.
All these obligations remain with the supplier. Your task in this case is to attract as many buyers as possible. When one of them makes a purchase on your site, you need to redeem the product from the supplier and include your customer’s address. Making a profit under such conditions is ensured by the difference in price. You buy goods from the supplier at a lower price, so you get a financial benefit from cooperation.
Conducting online consultations
This is a great solution for those who have enough experience and a lot of practice in a particular field. For example, if you have many years of experience in the financial industry, you can provide advice on accounting reporting, features of creating accounts, choosing a financial institution to provide business operations, etc.
According to the same principle, legal specialists, IT specialists, designers, as well as people with other qualifications can conduct consultations. In any case, investments may be needed only to launch advertising in various channels and develop a marketing strategy.
Conclusion
Creating your own project may seem quite difficult, and most importantly – financially expensive. However, not all projects require serious financial investments. For beginners, there are currently a large number of legal options for creating an online business without financial investment. For example, it can be a partner (affiliate marketing), which requires the ability to create interesting advertisements. In addition, you can choose online consulting, direct deliveries, or the creation of video materials with subsequent monetization.
