Money is an important factor when starting a business. Fortunately, there are many businesses and careers you can start with little or no money. Below are eight free or nearly free small business ideas.
1. Build your personal brand on social media
Social media is a great first step if you’re not sure what product or service to sell. Once you have an idea for your new business, use popular keywords, hashtags, and trends to promote your business and products.
However, social media is not just about likes. Instead of creating likes, it’s good to establish an audience and connect with them. The clicks will eventually convert into product sales!
2. Write SEO-optimized online content
Content writing online is a hidden money maker, and you can get started for free. SEO, or search engine optimization, is used to improve the quality of web traffic to specific web pages. First you need to choose a niche to focus your written content on. Once a particular niche is selected, you need to establish your credibility by creating high-quality content at least once or twice a week. In no time, you can acquire referrals and start earning money.
3. Affiliate Marketing
Affiliate marketing uses different product links to earn money. Usually, affiliate marketing links are used to promote products and services available for purchase on another website. The affiliate marketer earns a portion of the profits with each click or purchase.
4. Drop shipping
Want to start your own online store but don’t have the space or money to purchase items? Dropshipping is a business you can start for a small fee, and some websites let you get started for free! Instead of buying hundreds of products in bulk, customers can purchase products online from your store and have them shipped directly to their home. This is a popular business model, but it has its own challenges.
5. Independent writing and editing
Not ready to start your own full fledged business? Its good! With no money at all, you can start your career as a freelance writer and editor. All you need is a portfolio, a good cover letter and a good internet connection. Freelance writers can earn up to $100 per hour or more depending on their specific niche, writing style, and years of experience. You might be surprised to find out how many websites are written by ghostwriters.
6. Write and sell profitable e-books
E-books cost little or nothing to produce. Do you have an interesting idea in a strong niche? If so, continue to build your credibility and authority on the subject, then start writing your award-winning book.
Writing and publishing eBooks can be a free process, but you can also spend money hiring an editor, writer, or illustrator to help bring your book to life. The costs of a self-published e-book are significantly lower than those of traditional publishing.
7. Live Virtual Classes
If you have a hobby or career that you excel at and a knack for teaching and training, why not create your own virtual classrooms? Think about it; there are online virtual gyms and Zumba classes, guitar lessons, etc. Most people bill home; however, the price is up to you.
8. Recorded Zoom Courses
If you’re not interested in a live lesson, why not record zoom lessons? There are hundreds of software applications online that allow people to subscribe to exciting content. Unless you’re planning on buying high-end recording equipment or classroom supplies, it’s completely free to film and upload your own lessons.
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