The internet is the great equalizer. In business specifically, it has leveled the playing field. Anyone can start a money-making online business — anyone with a computer that is. But here's the thing, no technical experience is needed. You don't have to know how to build websites — no programming required at all. There's no business or marketing experience needed either. It's a truly democratic medium for entrepreneurship.
You can also live anywhere you want, set your own schedule, and work as little or as much as you want, depending on how fast or big you want your business to grow.
Best of all, unlike a bricks and mortar business, you don't need a lot of startup capital to get started. In fact, you can get many internet businesses up and running with no money at all because there are so many free services to facilitate it. For example, you can set up a website/blog for free using WordPress. Or you can leverage a third party site like Amazon or eBay to s ell goods — you use their selling platform in exchange for giving them a cut of your sales.
And this just the start of the many no money e-commerce startup solutions available. Here are the top five ways to make money online with little or no costs at all.
The basic idea behind an online drop shipping business is that as a small business owner you don't have to maintain a large inventory of products or handle any delivery to your customers.
That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world.
Instead, you work with a company that specializes in drop shipping. Here's how it works:
Easy enough, right? With drop shipping, you can offer a wide range of products, so the operating expenses for your business are super low.
There are some downsides to the drop shipping business model. You will have to find a reputable drop shi pper you can count on delivery-efficient service to your customers. If an order is late or doesn't go out… or a product is poor quality — you get blamed.
Also, because this market is so competitive, the margins (the difference between the wholesale price and how much you can sell a product for) are lower. But still, it is a worthwhile low or no-cost startup option.
Affiliate marketing is somewhat similar to drop shipping but with some key differences.
Let's take a closer look.
With this e-commerce model, you again don't maintain an inventory of your own products, and you don't have to worry about shipping products to customers.
Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product or physical product you can think of.
You offer the products for sale, for example, on your blog or e-commerce website. Each product has a unique link that tracks back to your account with your affiliate partner. When a prospect clicks on the link, they are taken to your partner's shopping cart for check out. Once they buy, that purchase is recorded and you get a commission. It varies depending on the affiliate partner, but is generally 5 percent to 25 percent.
As you can see, there's little risk on your part and virtually no investment needed either.
You handle the marketing to get your prospects to buy (through social media, email marketing, blogging, or whatever method you choose). But after they click the affiliate link, it's out of your hands. You don't have to ship products or handle any customer service questions. And you certainly don't have to maintain an inventory.
You can see some of the top free ways to market your online business here.
3. BloggingIf you have expertise and/or a passion or interest for a subject — and who doesn't — you're ready to start making money with a blog. With a service like Blogger (www.blogger.com), you can start up your blog totally free. You can also create your own site and secure your own hosting for a low price.
You may think blogging is all about writing. And it can be if you want it to. But written blog posts are just the start. You can post photos, videos, links to other sites, repost news and other articles… anything is game, really, as long as it is related to your niche.
What sort of content should you provide? Anything that is engaging to your prospect. Topics like "how-to," top 10 lists, commentary on trends in your niche, tips and tricks articles… basically, you need to provide useful content.
You make money in a variety of ways.
Here are a few successful blogging tips to make sure people can find your blog — and will keep coming back. This is key to building a following and making your blog a profitable venture.
Do all of this and you'll attract the notice of search engines like Google, which are always looking to put sites with useful, relevant content on top of the search results.
You could start a blog in less than an hour. But it will take time to make money as you build readership and a small percentage of those folks end up buying your products.
4. Online VideoHave you watched a YouTube video lately? Of course, you have! This is one of the world's most popular websites, with more than 1 billion users watching hundreds of millions of hours of video each day. And it's not all cats doing funny things, by any means.
You can leverage YouTube's reach to make money online. No, you're not trying to create a viral video, so to speak. Although if it does go worldwide and is seen by millions, that's a good thing.
Instead, you'll be following a proven strategy for maximizing views of multiple videos on a regular basis. You'll be creating useful content… something engaging that people want to watch. And it works in many, many different niches.
It could be a how-to video, a talking head video on a topic of interest to people interested in your niche… the sky is the limit.
One of the most popular — and money-making — types of videos out there right now are in the "Let's Play" category. Basically, viewers watch people play video games. The players provide commentary and expert tips on mastering the game. People of all ages watch these videos and the most popular video creators can make thousands of dollars.
So you can see that just about any niche could work. Probably something you're passionate about could be a profitable niche. Which brings us to money.
You make money with ad revenue. Your first step is to create a YouTube account and start uploading videos. Then you enable monetization on your YouTube settings. Basically, this gives Google the go-ahead to include short AdSense ads with your videos — you've seen those if you've watched a YouTube video. When viewers click on those ads, you get paid.
Some tips to create professional looking videos (no expensive pro equipment needed):
Above all, remember that your videos can be simple and don't have to be slick. Just provide useful content and be engaging and interesting — being funny helps too.
And to extend the reach of your videos, be sure to post them on your Facebook business page, Twitter, your blog, and other channels. Let people know you're in the video business now.
5. Information ProductsWhen you have an internet business, it doesn't have to be about selling physical products. In fact, digital information products are one of the easiest and quickest ways to make money.
These products could be:
In each of these categories, you can really get creative and make any type and format of content… as long as it's engaging and useful.
No matter which way you do it, it's passive income, money while you sleep because you put these products up for sale on your website and a customer can buy and download them any time of day or night, automatically. All you have to do is check the sales periodically to see what topics or types of products are selling best… so you can make more of those.
Putting It All TogetherThe trick with any online business is to make sure you're in a profitable niche. So be sure to keep an eye on trends, check out bestseller lists on sites like Amazon, and consider what people are discussing on social media.
One thing to keep in mind is that you don't have to restrict yourself to just one of these e-commerce opportunities. Start out with one, get it going. Then add new revenue streams as you're able. That will grow your income and ensure that you have something to fall back on should one business start going south.
Source: 5 Online Businesses You Can Start With No Money
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