Almost every business requires a certain amount of investment. Usually, starting a business from home requires low investment; This article will mention five business ideas from home that require low to no investment.
Here are five business ideas from home with low investment to no investment.
#1 AFFILIATE MARKETING
Affiliate marketing is when you earn a commission by promoting a product or service. Before you start promoting a product or service you will have to pick a niche. After selecting a niche you will have to decide what type of product/service you would like to promote. Then you will have to find and sign up for affiliate marketing programs/offers. Once you get approved, you will be given a unique link to track your sales/clicks. There are different types of offers that you can pick from, such as pay per click, pay per download, or pay per purchase. Depending on the type of offer that you signed up for; if someone clicks, downloads or makes a purchase by clicking on your affiliate link you will get paid for it.
You can become an affiliate marketer with no investment with the help of social media. These days people promote affiliate services/products through social media by being an influencer or just advertising to their friends/family. However, to get the best results, it is highly recommended to have a blog website set up. Creating a website doesn’t cost much now, and it has become very easy to design a website now. There are a lot of pre-made templates that you can select from to create a website. Bluehost is one of the cheapest and most reliable hosting services. When this blog was published, their basic monthly hosting package was only $3.88/monthly. Other than hosting cost, you would have to purchase a domain name which is usually around $10-15/yearly.
Cost:
Hosting: $3.88 monthly = $46.56
Domain: $10-15 yearly = $10-15
Average cost: $46.56- $51.56
Affiliate marketing is a low-cost business, but it does require a lot of time, consistency, and marketing. A business that doesn’t require much upfront investment usually requires a lot of time instead.
#2 BLOGGING
Being a blogger requires you to have a website and a lot of content; There are several ways from which you can make money by being a blogger. You can make money through posting ads on your blog, affiliate links, guest posts, promotions, selling digital/physical products, and much more. You will have to post content consistently to be a successful blogger. Having a website is required since blogging is best suitable to be posted on a website.
Cost:
Hosting: $3.88 monthly = $46.56
Domain: $10-15 yearly = $10-15
Average cost: $46.56- $51.56
Blogging is ideal for anyone who loves to write and express their opinion. Blogging is fun but requires a lot of time.
#3 VIRTUAL ASSISTANT
Starting a Virtual Assistant doesn’t cost much. A Virtual Assistant business is ideal for those who have no or low budget. A virtual Assistant is someone who provides virtual services to businesses and entrepreneurs. Once you get your first few clients, it’s highly recommended to create a website. You can find clients on freelancing websites, Facebook groups, and online job posts. If you would like to know more about being a Virtual Assistant you can read our detailed guide HERE
#4 FREELANCING
Freelancing is similar to being a Virtual Assistant but it’s a bit easier to get started. If your budget is zero, then you should start by being a freelancer and then move on to other things. Freelancing is when you work on different projects usually short-term projects.
There are a lot of Freelancing websites online where you can find and apply for jobs. One of the biggest platforms is Upwork. It is free to join Upwork, but you will need “connects” to apply to jobs. Upwork provides you with free “connects” at the start, you can purchase more connects as well. You can read more about Upwork HERE.
#5 DIGITAL DESIGNER
In this instance, we are going to talk about being a Digital Designer through Canva. Canva is a graphic designing tool that allows you to create digital designs very easily. Canva has a lot of pre-made templates which you can edit to your liking. There are many ways that you can use Canva to make money. You can create digital products through Canva and sell them online on websites like Etsy. You can offer graphic designing as a service online to create logos, flyers, social media content, T-shirts, and much more. Canva is free to use but they have a paid version as well. Their paid version is amazing and has a lot of extra features which you can use to create advanced designs. You can even use Canva to create Youtube videos as well.
Canva Pro: $12.99/monthly
There are a lot of free tutorials online on Youtube where you can learn how to use Canva and how to earn money through Canva.
All of the above-mentioned business ideas are easy to start at a low cost. You can start small and then take these business ideas to the next level. For example, you can start by being a Virtual Assistant and then start subcontracting to other VAs slowly starting a Virtual Assistant agency.
