How To Start An Online Business With No Money? 2 Ways You Can Do Just That
It is absolutely possible to start an online business with no money. Unlike brick and mortar businesses where you need capital as well as credit to get the capital if you have to take out a business loan. Almost anyone can start an online business, even when you have no money to invest. In most cases, you just need to be 18 years of age.
In fact, there are many people who would like to start an online business but, I have noticed two roadblocks that always seem to get in the way. These roadblocks cause people to not pursue the online business route.
- One is not knowing where and how to start.
- The Second is having very little or no money to even get started.
Why would you want to start an online business?
Well, there are many reasons why people start an online business versus a brick and mortar. Each individual has his or her own personal reasons but, some common reasons are usually. A home based business has different benefits.
It is way cheaper to start an online business than it is to start brick and mortar business. Normally, with an online business, you can get started for the fraction of the cost compared to a brick and mortar. And, there are different ways to get started for free.
An online business also allows you to work from anywhere, anyplace, and anytime. As long as you have an internet connection and a computer to work from.
Wouldn’t that be nice? Of course, it would be. Just imagine not having to answer to anyone, no boss, and no one to give you orders. Waking up in the morning not having to hit your alarm clock or even getting dressed if you choose not to.
Plus an added benefit is to spend more time with your family or even friends. You will be able to set your own schedule and travel as you please. When starting an online business you do not have to have any prior experience. You can be a complete newbie in the online space and still start an online business.
No credit needed
I have never joined any affiliate program or product where my credit was involved. For some, this is an added plus. No matter what your credit looks like you can start an online business.
After doing my research on a brick and mortar business, the personal credit is another element that is factored in during your application process to get approved for your brick and mortar business. With an online business, you do not have to worry about your credit being reviewed.
There are some good people out there that have done some prior miscalculated mistakes and background checks can hold them back, with a regular job or even a brick and mortar application.
I have only been involved with one affiliate program, in my entire online experience where there was a background check done. Other than that many affiliate programs and online businesses do not go deep into your background.
Tired of Your Job
Some people are just plain tired of their jobs. Tired of waiting in the rush traffic, tired of finding a sitter for the kids, and tired of being mistreated at the job. So, they choose to start an online business.
Today, I will be discussing four ways where you can start an online business with absolutely no money upfront.
The simplest way to explain affiliate marketing is you will become an affiliate by signing up for different affiliate programs or affiliate networks.
- Commission Junction
After you sign up and you’re approved by the program or network. Some Affiliate networks are:
You’ll then be considered an affiliate of that product. You and the affiliate program or network are considered partners now.
As an affiliate, you’ll promote other peoples products, by sharing the product via:
- Social media platforms
- Email marketing
- Creating a blog
- By building a website
- Video marketing (YouTube)
- Friends and family who may be interested in what you have to offer
When someone comes across your unique affiliate link, they click on your link and buy what you have to offer you’ll then earn a commission.
Before getting started with this method of affiliate marketing, first, you’ll need to pick a niche. If you have no idea what a niche is, simply put you’ll find an area of interest and focus on that targeted market.
Ask yourself a few questions like the ones below and it may help you in discovering what niche you would like to get involved in:
- What would you like to share with others?
- How would you like to help others?
- What areas do you specialize in?
For example, have you heard of Mary Morrissey? She specializes in personal development. So, if you have a specialty in personal development. You’ll sign up to affiliate programs and networks that offer personal development products.
Maybe you don’t have a certain specialty that’s fine. Sometimes it takes time to realize what you truly are passionate about. You still can sign up to affiliate networks and programs, while promoting their products. The hardest part is not finding your niche, although, for some, this can be a road blocker, I believe the hardest part is getting started. You can always get started as an affiliate marketer, promote the products and narrow down a niche later.
In order for affiliate marketing to work you’ll need to learn the skills it takes to properly affiliate Market. You’ll need to learn how to drive traffic to your affiliate offers, You’ll also need to learn where you are going to share these offers at.
All this information can be found on good ole, Google search engine or by searching YouTube videos for free but, if you’re like me I prefer things to be organized, simplistic, and in one place. That way I can always refer back to it.
That’s one of the main reasons why I joined a community that helped me learn proper affiliate marketing from A to Z. Not only did I learn affiliate marketing, I learned to build a website blog. If you’re interested you can check them out as well… Click here to read more about the community.
Blogging is nothing new. In fact, blogging has been around since like 1990. Over the recent years, blogging has become very popular. Almost every company you visit online now has a blog, from Google to Apple. They usually all have blogs.
Many people have learned to make money with blogging. To start a blog it’s absolutely free if you were to start with a company called blogger.com which is from Google, wix.com, and WordPress.org. I personally started my WordPress blog through a platform called SiteRubix which was free as well.
There are certain steps that you have to learn, in order to learn how to monetize your blog but, if you have a passion or interest you can always start a blog for free.
No! you don’t have to be an author nor, do you have to be a professional English major. In fact, blogging is a lot easier than most people think. The only thing you need to do is just get out there and do it.
My Final Conclusion on Starting An Online Business With No Money
I never realized how easy it was to start an online business with no money until I learned about affiliate marketing and blogging. After getting involved with both, I personally would not have gone any other route.
If you would like to learn how I got started in affiliate marketing and blogging, click here to read about my # recommendation. It is absolutely free to get started.
Welp that’s all from me folks! Thank you for stopping by and reading my post. If you found anything helpful in this post, please share this post with others.