Yes, you can easily start online business with no money. The Internet offers people benefit to connect with others around the world. There are various online services that help you to communicate and work with other people all over the world. Also, it can make services and producing new products faster. today there is plenty of tools that can use in online business.
There are 5 online business you can start with no money.
1) Drop shipping :
Drop shipping is a form of online business or in other words retail business wherein the seller take customer orders but does not keep goods in stock. Instead, it transfer the orders and their shipment details to either the manufacturer, a whole seller or another retailer who directly ships the goods to customer. This eliminates cost of warehouse or storing inventory and the staffs for such functions.
2) Affiliate marketing :
Affiliate marketing is almost similar to drop shipping but with some key differences. Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. In other words, you will get some percentage of commission when someone bought something from the link you have sent to them. With affiliate marketing, you offer the products for sale. for example, on your website each product has a certain link, a person who clicks on the link directly land on that certain item and if he buys, then you get some percentage of that item as a commission.
3) Blogging :
Blogging is a website or part of a site that contains regularly-updated content about one or multiple niche or topics . In other words, Blogging is a discussion or informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries. Posts are typically displayed in reverse chronological order, so that the most recent post appears first, at the top of the web page. In order to get your blog on top in google, you need to rank in SEO. You can also include your link on your blog for promoting that particular products as an affiliate.
How Much Money Can You Make Blogging? Bloggers are making money in all kinds of ways. Successful bloggers can make over 7-figures/year, while other bloggers might be generating no income at all. A goal that many bloggers tell you to shoot for is $2,000/month in recurring income within one year.
4) Online videos :
These days, online video advertising allows marketers to engage their audience in the form of video content. Have you watched youTube videos yet? off course, you have. This is one of the most popular website for videos. People can earn by just making videos and upload on it. unless, they get thousand subscribers. Youtube is also a kind of online business.
These days online videos are trending with the help of some platforms like :
- YouTube short videos
- Instagram reels
- Snapchat videos
5) Freelancing :
Freelancer job is one where a person work for themselves rather than a company. Freelancers do take work on contract basis from companies or organizations and when they done their work, they get paid by the companies or organizations.
Clients will often attempt to pass off a freelancers‘ work as their own and rob from a freelancer his due by giving him no copyright. However, one must remember that doing so is in fact, illegal. Any work that you create is your own.
Online business has also many drawbacks like fraud, theft etc. Security and credit card fraud are also huge risks when dealing with online shopping. Consumers run the risk of identity fraud and similar hazards every time they enter their details into a site. If your site doesn’t convince shoppers that the check-out process is secure, they could get scared out of buying.