Updated: Jan 25
The web is an extraordinary equalizer. In business explicitly, it has evened the odds. Anybody can begin a lucrative online business—anybody with a PC, that is. Be that as it may, listen to this: for all intents and purposes no specialized experience is required. Today there are a lot of devices you can use to fabricate an online business that makes the specialized work much simpler than it was previously.
“You can likewise live anyplace you need, set your own calendar, and work as meagre or as much as you need, contingent upon how quick or enormous you need your business to develop. No business or showcasing experience is required either. It's a genuine mechanism for the enterprise.”
The best part is like for a physical business, you needn't bother with a big amount of startup capital. Indeed, you can get numerous web organizations ready for action with no cash at all on the grounds that such a large number of free administrations encourage the chance. For instance, you can set up a site or blog with the expectation of complimentary utilizing Wix. Or then again you can use an outsider site like Amazon or eBay to sell merchandise with no stock expenses. You utilize their selling platform in return for giving them a cut of your deals.
What's more, this is only the beginning of the numerous accessible no-cash online business startup arrangements. How about we consider five of the top approaches to begin an online business and bring in cash online with almost no expense by any stretch of the imagination.
1. START AN ONLINE MAGAZINE
To start an online magazine get a domain name, fill it with content, monetize and advertise. Here's how to start your own online magazine:
STEP 1: Pick a topic for your magazine. This should be something you know a lot about and something you love.
STEP 2: Do research to find out if there's a market for your idea.
STEP 3: Think of a title for your magazine that includes search-engine optimized keywords. You can test your ideas by typing them into Google Keywords to see what gets the most hits. You can also use a title that the keyword tool recommends.
STEP 4: Get an Internet domain name and design your website on Wix.com or if you're going to do give someone to design. You can always design a simple, free website and then spend more on a professional one once your magazine gets off the ground. Getting your fully-functional website on Wix will cost you only $5.
STEP 6: Write content for your magazine. Write it yourself, hire freelance writers, solicit free articles from people who want to market products related to your magazine topic or mine articles from websites with free Ezine articles such as Ezine Articles, Articlesbase or Ezine Article Exchange. Don't publish your magazine until you have at least 10 to 20 pages of material.
STEP 7: Monetize your website with pay-per-click ads such as Google Adsense and/or by becoming a marketing affiliate for companies that sell products related to your magazine topic.
STEP 8: Advertise your magazine via e-mail, social networking sites, discussion forums related to your topic, print media and word-of-mouth.
STEP 9: Entice readers to subscribe by offering frequent, relevant and entertaining information, and by interacting with them. This means allowing readers to comment and having the authors of the articles reply to the comments.
STEP 10: Create a community among your readers by adding a discussion forum.
The fundamental thought behind an online outsourcing business is that, as an entrepreneur, you don't need to keep up an enormous stock (or any stock at all) of items or handle any conveyance to your clients. That kills the money related expense and danger of having a distribution center loaded with stuff you probably won't sell, and the problem of orchestrating to send arranges everywhere throughout the nation or the world. Truth be told, you don't need to fabricate or store any items whatsoever.
The sole thing on which you have to concentrate is advertising and marketing to be able to find the customers and even make the sales. As soon as the sale is done typically the rest is handled by simply others. Your only value is the expense of advertising and marketing and advertising to get a new customer.
Once that is done, you'll work with a company that specializes in drop shipping. Here’s how it works:
You list products for sale on your website or a platform like Amazon or eBay.
When one of your customers makes a purchase, you purchase the product from a third-party company (the drop-shipper or supplier, usually a manufacturer or wholesaler) for a lower price. This process is as simple as forwarding the order from your customer, a process that can 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 or supplier then sends the product directly 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 can see, there’s little risk on your part and virtually no investment needed either. Just like with drop shipping your only costs will be marketing and advertising to drive traffic and generate the sale.
3. AFFILIATE MARKETING
Affiliate marketing is somewhat similar to drop shipping but with some key differences. 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.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of. Many big name companies and brands like Wal-Mart and Home Depot run their own affiliate programs.
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. 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.
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 have to ship products or handle any customer service questions. And you certainly don’t have to maintain an inventory.
All you have to do is focus on paid and free ways to market your online business.
Affiliate marketing really is one of the most "hand-off" types of online businesses you can start.
4. BECOME AN ONLINE COACH
Becoming an online coach is the only 2-way earning method.
The first method,
If you enjoy working with people and helping them reach their goals and potential, a home-based coaching business might be for you. One of the great advantages to coaching today is that technology has expanded your ability to provide coaching services. No longer are you limited to having an office where you meet people in person or a phone where you might miss subtle visual cues when helping others.
Video conferencing has made face-to-face coaching with clients all over the world possible, which may be one of the reasons the coaching profession has exploded the last few years. If you have the ability to connect with and help people, then coaching might be a great home business option for you and accordingly you can charge them for one-on-one session helping them solve their problems. Start from any topic you have expertise in.
Here comes the second method of earning with online coaching platform business model.
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. 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 or a talking-head video on a topic of interest for people in your niche—the sky is 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. 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.
5. VIRTUAL TECH SUPPORT BUSINESS
Virtual Technical Support(VTS) is a 100% 'Work from Home' model. If you have a fair amount of tech knowledge, you can set up a service that provides remote tech support to clients who contact you online.
While talking about tech, it does not mean only computer or software related support, help people in starting their own business, for eg. if you are a fashion designer, extend your support by giving them the best guidelines based on your personal experience to start a clothing label. You can charge an X amount for your support service. You know anything, if you have expertise or good knowledge about any industry, many are looking for help out there.
Choose your best option from the above 5 business models & start today. Good Luck!