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: virtually no technical experience is needed. Today there are plenty of tools you can use to build an online business that makes the technical work a lot easier than it was in the past.
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. No business or marketing experience is needed either. It’s a truly democratic medium for entrepreneurship.
Best of all, unlike a brick-and-mortar business, you don’t need tons of startup capital. In fact, you’ll get many internet businesses up and running with no money in the least because numerous free services facilitate the likelihood . For example, you’ll found out an internet site or blog for free of charge using WordPress. Or you can leverage a third-party site like Amazon or eBay to sell goods with no inventory costs. You use their selling platform in exchange for giving them a cut of your sales.
And this is often just the beginning of the various available no-money e-commerce startup solutions. Let’s consider five of the highest ways to start out a web business and make money online with little or no cost in the least .
5/ Information Products
When 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.
There’s no shortage of the way to make information products, but the foremost popular formats include:
Audio: a recorded teleconference, interview, course, or some other spoken-word product
Video: a recorded webinar, a how-to, an interview
Text: an ebook, an instruction booklet of some sort, a travel guide
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 are doing it, it’s passive income—money you earn while you sleep because you set these products up purchasable on your website and a customer can buy and download them any time of day or night, automatically. All you’ve got to try to to is check the sales periodically to ascertain what topics or sorts of products are selling best so you’ll make more of these .
Putting It All Together
The trick with any online business is to make sure you’re in a profitable niche market. So make certain to stay an eye fixed on trends, inspect bestseller lists on sites like Amazon, and consider what people are discussing on social media.
One thing to stay in mind is that you simply don’t need to restrict yourself to only one among these e-commerce opportunities.
Start out with one and get it going. Then add new revenue streams as you’re able. That will grow your income and make sure that you’ve got something to fall back on should one business start going south.
4/ Online Video
Have you watched a YouTube video lately? Of course you have! This is one of the world’s most popular websites, with more than 2 billion users watching hundreds of millions of hours of video each day.12 And it’s not all cats doing funny things, by any means.
You can leverage YouTube’s reach to form money online. No, you’re not trying to make a viral video, so to talk , although if it does go worldwide and is seen by millions, that’s an honest thing.
Instead, you’ll be following a proven strategy for maximizing views of multiple videos on a daily basis. You’ll be creating useful content—something engaging that folks want to observe . And it works in many, many different niches. It might be a how-to video or a talking-head video on a subject of interest for people in your niche—the sky is that the limit.
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.13 Basically, this gives Google the go-ahead to include short AdSense ads with your videos, which you’ve seen if you’ve watched a YouTube video. When viewers click on those ads, you get paid.
Another opportunity to form money with a YouTube channel is thru paid sponsorships. Build an outsized enough following and corporations are going to be quite happy to pay you to market or mention their products and services in your videos.14
Some tips to make professional-looking videos (no expensive pro equipment needed):
You can use your smartphone or an easy video camera. But confirm the lighting is sweet in order that everything in your video is obvious and straightforward to ascertain .
Make sure the audio is clear. You don’t want an air con hum, construction noise, or other distractions.
Use simple editing software like iMovie to place titles at the start of the video and to edit any flubs.
Above all, remember that your videos are often simple and don’t need to be slick. Just provide useful content and be engaging and interesting. 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 within the video business now.
In addition to ad revenue from YouTube videos, you can also use your YouTube channel to drive traffic back to your website, where visitors can read your product reviews, click on the ads on your website, or maybe catch on your email subscriber list—where you’ll make multiple sales together with your email list.
If you have the expertise or a passion or interest for a subject, 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 coffee price, which is usually the route i like to recommend , as many free blogging sites have restrictions on what you’ll say or do, including making money or advertising.8
You may think blogging is all about writing. And it can be if that’s what you want to do. But written blog posts are just the start. You can post photos, videos, and links to other sites, you can even repost news and other articles… anything is game, really, as long as it relates to your niche.
They key is that you want to post original content that is useful to your target audience and to post on a regular basis. That is the simplest thanks to get ranked within the search engines and to also get your audience to require action.
What sort of content should you provide? Anything that is engaging to your prospect. How-to topics, top-10 lists, commentary on trends in your niche, tips and tricks articles—basically, you need to provide useful content. There’s no shortage of ideas for your blog.
You make money during a sort of ways with a web business blog.
Have you ever been to an internet site and seen a billboard on it? Chances are it was an ad being run through the Google advertising network.
These pay-per-click ads appear on your blog. Every time somebody clicks on a billboard (which is meant to be a few subject associated with your niche), you create a couple of cents or more. Small amounts each time, but it adds up. This is extremely hands-off. You just need to get a code from Google, place it on your website – and the ads will automatically appear on your blog. Google will only show ads that are relevant to your blog so it’s a good experience for your visitors and maximizes the number of clicks you get, meaning more income.9
Blog ad networks.
You can also work with ad networks aside from Google, like Blogads, and run banner ads on your blog. Same as Google Adsense ads, you place the code once on your website and when your visitors click on the ads then you get paid. In addition to banner ads, you can also run video ads on your site.
In many cases you can make more money with blog ad networks, but they tend to only work with blogs that are getting tens of thousands of visitors a month or more; as against Google Ads where you’ll start directly no matter the quantity of traffic you get.
You know this one already. You include links to products you are promoting as an affiliate and every time somebody buys the product, you get a commission. With a blog, you’ll integrate advertising with content to form it even more likely you’ll get the sale. For example, you could do a product review—which is useful content—and then include a link to buy the product under an affiliate link.
Here are a couple of successful blogging tips to form sure people can find your blog—and will keep returning . This is key to putting together a following and making your blog a profitable venture.
You need to provide useful content in an engaging way.
If your blog is boring or the information can be found everywhere else, nobody will read it. Don’t hesitate to place your own personality into the blog.
You have to post content on a daily basis.
People thirst for the new, so confirm you set up articles, videos, or whatever consistently. It could one post per day or 3 times per week. Whatever it is, maintain the same schedule. A scattershot posting history means losing readers.10
At a minimum attempt to aim for one new post, video, or other sorts of content every week .
Yes, your blog is supposed to make money. But you can’t make marketing pitches all the time. Focus on useful content in order that your readers come to understand , like, and trust you. Then they’re going to naturally click on your advertising or buy the products you recommend. In this era of the web and social media, people are trying to find authenticity.
Do all of this, and you’ll attract the notice of search engines like Google, which are always looking to place sites with useful, relevant content on top of the search results.11 This is what content marketing is all about.
You could start a blog in less than an hour. But it takes time to form money as you build readership, and only alittle percentage of these folks find yourself buying your products.
2/ Affiliate Marketing
Affiliate marketing is somewhat almost like drop shipping but with some key differences. With this e-commerce model, you again don’t maintain a listing of your own products, and you don’t need to worry about shipping products to customers.
Basically, you choose a profitable niche for your online business, then you discover an affiliate partner who has products available therein niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they provide almost any digital information product (like ebooks, audio files, video files) or physical product you’ll consider . Many big name companies and brands like Wal-Mart and Home Depot run their own affiliate programs.45
With affiliate marketing, 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. A prospect who clicks on the link is taken to your partner’s shopping cart for checkout. Once they buy, that purchase is recorded and you receive a commission.6 Commission amounts vary depending on the affiliate partner, but is generally 5 percent to 25 percent, or 50 percent or more with digital information products.7 As you can see, there’s little risk on your part and virtually no investment needed either. Just like with drop shipping your only costs are going to be marketing and advertising to drive traffic and generate the sale.
The key difference between this and drop shipping is that the business model is even more hands off. All you have to do is provide a link for the customer to click on and the merchant handles everything; billing, order fulfillment, customer service, etc.
All you have to do is 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 need to ship products or handle any customer service questions. And you certainly don’t have to maintain an inventory.
All you’ve got to try to to is specialise in paid and free ways to plug your online business.
Affiliate marketing really is one among the foremost “hand-off” sorts of online businesses you’ll start.
1/ Drop Shipping
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 (or any inventory whatsoever) 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. In fact, you don’t have to manufacture or store any products at all.
The only thing you’ve got to specialise in is marketing and advertising to seek out the purchasers and make the sales. Once the sale is formed the remainder is handled by others. Your only cost is that the expense of selling and advertising to accumulate a replacement customer.
Once that’s done, you’ll work with a corporation that focuses on drop shipping. Here’s how it works:
You list products for sale on your website or a platform like Amazon, eBay, or Etsy.
When one of your customers makes a purchase, you purchase the product from a third-party company (the drop shipper, usually a manufacturer or wholesaler) for a lower price. This process is as simple as forwarding the order from your customer, a process which will actually be completely automated. (Remember you don’t have any risk here of buying inventory because the sale has already been made).
Your drop shipper then sends the merchandise to the customer.
Easy enough, right? With drop shipping, you can offer a wide range of products, so the operating expenses for your business are super low.
As you’ll see there’s no risk on your part because you do not even purchase the merchandise (at cost) until the particular sale is made!
What are the downsides to the drop shipping business model? You have to seek out a reputable drop shipper you’ll calculate to deliver to your customers. If an order is late or doesn’t go out—or a product is of poor quality—you get blamed, as your company is the one representing the product and customer experience.
Also, because this market is so competitive, the margins—that is, the difference between the wholesale price and the way much you’ll sell a product for—are lower, so this may be a high-volume type business to generate a serious income. But still, it’s a worthwhile low or no-cost startup option.2
One way to face out from the competition with a drop shipping business is to non-public label your products. This simply means you put your own label/brand on the products that the manufacturer is creating. That way you’re not selling the same product brand and just competing on price; rather you can use your own brand and face less competition.3 Think about when you’re looking at medicine at the pharmacy; the brand names sell for higher prices and other people think they’re different from the generic brands albeit the ingredients are precisely the same. Consider these important factors when looking for a good drop shipping product.
Anyone considering a drop shipping business should seriously consider leveraging Amazon.com to grow their business and learn more about becoming a profitable Amazon seller, because Amazon is a longtime marketplace that people already trust and has an existing customer base. Eventually, you should also consider having your own online store as well.