Do you love browsing the internet? Then, convert the time you spend online to money by starting online business with little or no investment. There are so many online entrepreneurs who have made it just by taking the decision of converting their browsing time to business time to make money on the internet. How many hours do you spend on social media networks per day? I know some people will calculate up to 6-8 hours. Do you know that you only need only 3-4 hours daily to do your online business successfully? Do you know that you can make money online without investment? So stop wasting your time because the more you waste your time the more you waste money.
Making money online is not a new thing to so many people, in fact some have tried it and successful while other quit. This is not because the business it not profitable but because they did not have the right information, orientation and mindset. Some people keep looking for make quick money program and at the end of the day end up in the hands of scammers, resulting in waste of time and money. This scenario has made people who are interested in doing online business to keep asking the following questions: can anyone make money online? Can I make money online? Can I make earn money online without investment? Etc. My answer to all those questions is yes, you can make money online even without investment. What do I mean by without investment? The truth is that all businesses require capital no matter how little it may be. The same thing applies for online business, but the investment you will make is very small to the extent that it can be called a business without investment.
Requirement for Online Business
Anybody can start online business no matter your level of education provided you can read and write correctly. The basic requirements for online business are:
- Computer system
- Internet Access
Cost of Starting Online Business
Online business can be started with little or no capital. The start-up cost depend on the type of online business you intent to do. The capital will cover the cost of buying domain name, hosting account and building website. The good news is that you can build your website yourself using free online site building platform like blogger, wordpress etc. Some people have used them and are getting good income every month. But I will advise you go for paid domain and hosting account if you can afford them as this will increase your income very well.
Advantages of Online Business
There are lots of advantages of online business when compare with offline business:
- It requires little or no start up capital.
- It is easy to setup.
- No closing time for the business, online business runs 24/7 even when you are sleeping which means money is coming in for you every minute.
- It has very low business risk.
- The probability of the business closing down is very low.
- There may be no need to employ staffs which saves the cost of workers salary.
Disadvantages of Online Business
The major disadvantage of online business is that it takes time for the business to start bringing reasonable amount of income. But once the business start bringing good amount of money it becomes a source of passive income for live.
The Best Way to Make Money Online
Have you tried your best to make money on the internet all to no avail? Some people have given online business a try but failed, in fact research shows that about 20% of online entrepreneur succeed in their online businesses. Are you scared because of that small percentage of success? There is no reason to be scared at all. The reasons for this are not far fetch, this is due to the following: lack or inadequate information, impatience, lack of commitment, consistence and persistence, looking for get rich quick program.
It took me two and half years of research into the best way to make money online before I started my online business. I learnt from both local and international successful online entrepreneurs among which are Aweriale Eromesele, Zac Johnson, John Chow, Yaro Starak, Timothy Sykes all of which are reaping thousands of dollars every month from their online business.
The best way to make money online is to see it as a business. Some people want to make money online but never deem it fit to do research and get the right information from the right source(s). You need to learn the right way of doing this business, sit down and write business plan and the strategies to accomplish your goals. You need to be diligent, be consistent and have passion with what you are doing. The most important last requirement is persistence, because it takes time for online business to bring reasonable amount of income.
Viable ways to make money online
There are so many ways to make money online but I will limit this articles to very few ones that I know are viable and that can be started with no or little investment.
Warning: There are so many scammers out there that keep up coming up almost every day with different make money online opportunities. You must be very careful as they have nothing to offer you than to waste your time and probably run away with your money. Only stick to the viable online business ideas I will reveal here. It can take time to get good amount of money but with persistence, you will make lots of money in the long run. So beware
Here are the few viable ways to make money online without investment
Affiliate Marketing: Affiliate marketing is one of the most popular online businesses. Affiliate marketing simply means promoting other peoples’ products or services and get commission on the product sold. To do this business, one has to register with a good company offering affiliate program. An affiliate link will be given to you after the registration which you are expected to promote on your site or elsewhere. You will be rewarded with a certain percentage of commission after every successful transaction the people you refer make.
Not all affiliate programs are good; many of them are on the internet to waste your time. The good ones are amazon, ebay, clickbank, commission junction etc. But the one I use and which I recommend is amazon. Amazon affiliate program offers low commission rate but from experience and research work, amazon affiliate convert better than other affiliate program. You can as well try others as they can work better for you depending on the strategies put in place.
You can make money online without investment with affiliate marketing. All you need do is build free website that has a perfect march of the product you’re promoting. If you have the start up capital you can go for paid website.
Information Marketing: This online business involves selling DVD, Videos and physical books. It the most lucrative online business and has the potential to generate lots of money after few weeks of set up. One of the good things about the business is that you can create the product by yourself or outsource the product. Outsourcing the product may cost you some money, but don’t worry, you can still get some free digital product online with resale right (right to sell it to other people) or private label right (that is total control on the product).
All you need do to start this business is to get good information product (not garbage or all sort of rubbish) that is in high demand by the people and market it through your website. You can market it on various platforms like forum, clickbank, amazon, or local eCommerce platforms. You can as well create an affiliate program for your product and give commission to people that refer customer to you.
Pay-Per-Click: This is an online advertising agency that gets adverts from different company and then partner with websites owners to display the adverts. This is one of the easy ways to make money online without investment. A good example of PPC is Google adsense. It is the most popular and the best PPC all over the world.
When you sign up with any of these agencies, the adverts are displayed on your site and you will be paid whenever the adverts are clicked by your site visitors. Unlike Affiliate marketing where sales are to be made before commission can be given, PPC only requires click on the advert.
You can start this business without any investment by using free website but you should consider upgrading it to custom domain, if you want to get goggle approval and prove that you’re serious with your business.
Blogging: Blogging is an act of running a blog. It is a kind of website that is updated regularly. The blog can be based on any topic or niche but you must ensure that you have passion for the topic you intent to blog on and do further research to know commerciality of the topic.
Blog was first used as an online diary but it has slowly turned into a lucrative business that is generating thousands of dollars for people who has taken it as business. It is a profitable online business if done consistently and with passion. If a blog is setup properly and has good contents that provide value to the readers, the visitors will keep coming to learn from the website. If you are able to generate enough readers, the blog can be used to market other affiliate and information products. It can also be used to generate money from PPC.
Those are the viable ways to make money online without investment and they are the online businesses I am doing personally. I advice you start with information marketing, if you know you are an expert in any field, you can create products on that and offer it for a reasonable price. You can start with affiliate marketing if you feel information marketing does not suit you. It is also easy to set up, but you will need to be patient for the business to generate reasonable amount of money.
Lastly, though you can start with no capital, you should be prepared to spend as you proceed with the business, if actually you want to make a living from your online business. Believe it or not, there is nothing that comes for free.
If you have any question on this topic, kindly drop your comment and I promise that you will get answer as quick as possible. Also if you know of other business ideas that are viable and legitimate, you can as well drop them in the comment section below.
See you at the top.