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| Best Businesses You Can Start with No Money |
Starting a business can be a daunting task, especially if you don’t have much money to invest. However, there are many online businesses that you can start with little or no money, and still make a decent income. In this article, we will share some of the easiest and most profitable online businesses that you can start with no money in 2024.
Dropshipping
Dropshipping is a business model where you sell products
without having to handle inventory, shipping, or fulfillment. You simply create
an online store, find a supplier who offers dropshipping services, and list
their products on your website. When a customer places an order, you forward it
to the supplier, who then ships the product directly to the customer. You only
pay for the product after you make a sale, so you don’t need any upfront
capital.
Dropshipping is one of the easiest online businesses to
start with no money, because you don’t need to buy any products, rent any
space, or hire any staff. You can also choose from a wide range of niches and
products, and test different ideas without risking any money. However,
dropshipping also has some challenges, such as finding reliable suppliers,
competing with other dropshippers, and providing good customer service.
To start a dropshipping business, you will need:
- A
domain name and a web hosting service
- An
ecommerce platform, such as Shopify, WooCommerce, or BigCommerce
- A
dropshipping supplier, such as AliExpress, Spocket, or SaleHoo
- A
payment gateway, such as PayPal, Stripe, or Square
- A
marketing strategy, such as SEO, social media, or email marketing
The approximate cost of starting a dropshipping business is
$100 to $300, depending on the platform and supplier you choose. The ongoing
costs are mainly the web hosting fee, the platform fee, and the marketing
expenses.
Service-Based Business
Another easy online business to start with no money is a
service-based business, where you offer your skills or expertise as a service
to clients. For example, you can offer:
- Writing,
editing, or proofreading services
- Graphic
design, web design, or logo design services
- Virtual
assistant, bookkeeping, or data entry services
- Social
media management, SEO, or digital marketing services
- Coaching,
consulting, or teaching services
Service-based businesses are easy to start with no money,
because you don’t need any products, equipment, or inventory. You can also set
your own rates, choose your own clients, and work from anywhere. However,
service-based businesses also require you to have a high level of skill,
experience, and professionalism, as well as a strong portfolio and reputation.
To start a service-based business, you will need:
- A
domain name and a web hosting service
- A
website or a portfolio platform, such as WordPress, Squarespace, or Wix
- A
service delivery platform, such as Zoom, Skype, or Google Meet
- A
payment gateway, such as PayPal, Stripe, or Square
- A
marketing strategy, such as SEO, social media, or email marketing
The approximate cost of starting a service-based business is
$50 to $200, depending on the website and platform you choose. The ongoing
costs are mainly the web hosting fee, the platform fee, and the marketing
expenses.
Print-on-Demand
Print-on-demand is a business model where you sell
custom-designed products, such as t-shirts, mugs, posters, or books, without
having to handle inventory, printing, or shipping. You simply create your
designs, upload them to a print-on-demand platform, and list them on your
website or a marketplace. When a customer places an order, the platform prints
and ships the product directly to the customer. You only pay for the product
after you make a sale, so you don’t need any upfront capital.
Print-on-demand is an easy online business to start with no
money, because you don’t need to buy any products, rent any space, or hire any
staff. You can also unleash your creativity and sell unique and personalized
products, and test different ideas without risking any money. However,
print-on-demand also has some challenges, such as finding a quality
print-on-demand platform, competing with other sellers, and providing good
customer service.
To start a print-on-demand business, you will need:
- A
domain name and a web hosting service
- An
ecommerce platform, such as Shopify, WooCommerce, or BigCommerce
- A
print-on-demand platform, such as Printful, Printify, or Lulu
- A
payment gateway, such as PayPal, Stripe, or Square
- A
marketing strategy, such as SEO, social media, or email marketing
The approximate cost of starting a print-on-demand business
is $100 to $300, depending on the platform and products you choose. The ongoing
costs are mainly the web hosting fee, the platform fee, and the marketing
expenses.
Conclusion
Starting a business with no money is not impossible, as long
as you have a good idea, a solid plan, and a lot of determination.
Dropshipping, service-based, and print-on-demand are some of the easiest and
most profitable online businesses that you can start with no money in 2024.
However, these are not the only options, and you can explore other online
business ideas, such as blogging, podcasting, affiliate marketing, or online
courses. The key is to find something that you are passionate about, that
solves a problem, and that has a market demand.