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3 Online Businesses You Can Start With No Money

3 Online Businesses You Can Start With No Money

Unlike a brick-and-mortar business, starting a business online does not require much capital. In fact, there are many businesses out there running with no capital at all. Resourceful people will always find a way to leverage free services from the internet.

While the possibilities are endless, here are a few suggestions for online businesses that you can start with little to no capital!

3 Online Businesses You Can Start With No Money
1. Blogging3 Online Businesses You Can Start With No Money

If you have the know-how to tackle a subject, blogging is an easy option to get started. There are many blog-hosting websites available. You can easily setup a blog from websites like WordPress. If you have the time, consider creating your own website and sourcing for a service host.
 
Blogging requires no money and neither is limited to written content. Photos, videos, and any sort of content is applicable as long as it is relevant to your niche.
 
While it is tempting to pick a niche that is popular, it is always better to choose something you are generally interested in. This is because you are bound to be more engaged with your work, and doing so improves the quality of your output.
 
There are 3 main ways you can make money from blogging. These include , pay-per-click ads, advertising networks, and affiliate marketing. You can choose to focus on one or incorporate all, depending on what best suits you. However, ensure that your content remains genuine and that you are posting on a regular basis.
 

2. Online Videos [restrict]

3 Online Businesses You Can Start With No Money

If you have a video camera handy and a knack for getting interesting shots, YouTube may just be your next big venture. With more than a billion users and millions of hours of footage, YouTube has developed into a marketplace of its own.

The key to success on YouTube involves identifying problems, and then responding with videos that meet this requirement. This means creating how-to videos, or videos that answer commonly-asked questions. However, there really is no limit on how to approach this. The more creative your solution, the better!

When it comes to money, ad revenue is how YouTubers cash-in on their videos. Once you have a certain reach with your videos, YouTube gives you the option to enable monetisation. This will display AdSense ads on your videos. You get paid when viewers click on these ads.

YouTube has attained a sizable following. It has reached a point where YouTube is a household name in most urban areas. With that said, though competitive, it is possible to make money from YouTube by consistently providing quality content.

 

3. Drop Shipping

3 Online Businesses You Can Start With No Money

Online drop shipping business does not require you to maintain a large inventory of products or handle any deliveries. This eliminates a chunk of the financial costs and risks of large inventories. In fact, you aren’t required to manufacture or store products at all.

The twist is that you will be working with companies that do drop shipping instead. This is how it works:

  1. List products for sale on a retail platform or website
  2. When a customer makes a purchase, you purchase the product from a 3rd-party for a lower price.
  3. Your drop shipper sends the product to your customer.

Sounds simple? With this method, you will be able to focus on delivering a variety of products. The operating costs of your business will be kept low. It may sound too good to be true, but there are a few negatives about this method.

Firstly, you need to source for a reputable drop shipper. If an order is late or the product is damaged, you are held responsible. Furthermore, because there are many people doing it, your profit margins are likely to be lower.

One way of being seen is to market your brand well. Ensure that your products are tagged with your private labels. This will ensure that you face less competition on the market.

Final Words

With online businesses, finding a profitable niche market can be tricky. Try to keep a lookout for trends by keeping up with bestseller lists from retail websites.

Also, you don’t have to limit yourself to a single venture. In fact good online businesses know that to succeed, they require a combination of different ventures to strengthen each other. Inversely, you could also do different things on different avenues, to ensure that you have something to fall back on in bad times.

Actionable Takeaway: While online businesses require no capital to start, funding definitely helps. Being able to advertise products and services is a good way to grow our business quickly. A well-planned marketing strategy will bolster your businesses ability to remain competitive.

Read on more about how to kickstart your small business today!

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