One of the best things about starting an online business is that you don’t need to invest a lot of money. In fact you can create a business online for free. If it doesn’t work out for whatever reason then you haven’t lost everything which can happen with conventional businesses. So here we will provide you with some great online business ideas that you can start now.
It does not matter where you live in the world you can do these online businesses. All you need is a computer and an Internet connection. It is very easy to get a domain name and some web hosting if you want to start your own website. A domain name is around $10 a year and you can find hosting starting at around $5 a month.
It is not essential that you have your own website but it will add credibility. The only downside with these low cost of entry online business ideas is that you need to keep motivated and try different strategies. When you don’t have much invested it can be difficult to take your business seriously but you must do this.
Become an Affiliate Marketer
This is definitely an online business that you start for free. If you are unfamiliar with affiliate marketing it is a simple concept. There are thousands of product and service providers who will pay you a commission if you promote their offers and this leads to sales. Affiliate commissions vary from a few cents to hundreds of dollars.
Succeeding with affiliate marketing is all about choosing the right niches. If you are an authority on a particular subject then you can choose that niche but first check it out to see if there are related products and services. You can also choose an “evergreen” niche which means that it will always be popular. The best examples are:
- Health and Fitness (particularly weight loss)
- Making Money and Wealth Creation
- Personal Development
There is a huge demand for good products and services in all of these niches. But be aware that they are very competitive. You need to find related affiliate offers and then create some content around these. The content needs to add value and gently introduce the product for even more advice etc.
You can promote on social media platforms such as Facebook, Twitter and Pinterest. You can just upload your content or you can purchase ads. Although it is possible to become an affiliate marketer for free we would recommend that you invest in your own website. Affiliate marketing is one of the easiest online business ideas to get started with.
Creating a Blog is one of the best Online Business Ideas
The idea here is that you will create a blog in a niche where you can promote products and services and also make money from advertising. Again you could create a free blog on platforms such as WordPress.com or Blogger.com but there is always the danger that it can disappear without any reason provided. You are better off getting a domain name and hosting and using the WordPress free blogging platform.
You can post articles, videos, images and so on with your blog. If you are not a good writer, or do not have the time, then find a good freelance writer who will create quality content for you. The content needs optimizing for SEO so that you have a good chance of ranking your posts in the search engines.
Once your blog starts to get traffic you can use Google Adsense to monetize it. You will display Google ads on your blog and for each click Google will pay you a commission. You can also promoted related affiliate offers and make it clear that you will sell advertising space on your blog. Some blogs make a ton of money and sell for millions.
Create Information Products
This is another one of those cool online business ideas that can make you a lot of money. What we are talking about here is creating products delivered to customers digitally. Examples are “how to” guides, video training, audio files and so on.
The key to success with information products is to create them in niches where there is a lot of demand. Here you need to think making money online, weight loss, getting over a divorce, personal development etc. If you do not have any expertise in these areas then you can hire a freelancer to create the products for you.
You must have your own website to sell your information products. You can either have one website for all of your products or separate websites for each product. Either way it won’t cost you much as you can use the same web hosting.
A great place to sell information products is Clickbank. Please bear in mind that a video training course will have a higher perceived value than a PDF guide. You can add upsells to your product to make even more money. As online business ideas go, information product creation is right up there.
Video Marketing is another of the great Online Business Ideas
Videos are extremely popular. A billion people use YouTube each day to watch several hours of video. Do you think there is an opportunity there? You had better believe it! You can create videos that promote products or services and make money by doing this.
Don’t just throw a hard sell video up there. Create videos that provide useful and engaging content and help to solve a problem in your niche. A lot of people don’t like getting in front of the camera but these videos are always more popular than slide based videos. Video marketing is one of the best online business ideas.
You will need a camera and a good microphone to create your videos. You can pick up good quality cameras and microphones on Amazon for a pretty low price. If you want to record your computer screen then you can purchase Camtasia Studio which is around $200-300. There is a free alternative called Camstudio which is fine to get you started.
Get started with one of these Online Business Ideas today
We have provided you with some of the best online business ideas around. Now it is your turn. Choose the idea that you like the best and get started. Invest in a domain name and hosting and start your online business journey.