How To Start An Online Business With No Money? 2 Ways You Can Do Just That
It’s absolutely possible to start an online business with no money. With that being said, unlike brick and mortar businesses where you need capital. As well as a decent credit history to get the capital.
Even when you have no money to invest, almost anyone can start an online business. 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, they are just completely stuck.
I have noticed two roadblocks that always seem to get in the way.
- Not knowing where and how to start?
- Not having enough money to 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 business. Each individual has their own personal reasons but, some common reasons are listed below.
Compared to a brick and mortar business, an online business is cheaper and you’ll be able to get started for the fraction of the cost.
Online businesses also allow 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.
Then waking up in the morning not having to hit your alarm clock. Or even get dressed if you choose not to.
Plus an added benefit is to be able to spend more time with your family or even friends. You’ll be able to set your own schedule and travel as you please.
When starting an online business you don’t need prior experience. You can be a complete newbie in the online space and still start.
No Credit Required
I have never joined an affiliate program 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 research, a brick, and mortar business involves your personal credit, which is another element that is factored in, during your application process to get approved. With an online business, you don’t have to worry about your credit being reviewed.
No Background Checks
There are some good people out there that have done some prior miscalculated mistakes and background checks can hold them back.
Anyhow, I have only been involved with one affiliate program (Motor Club Of America), in my entire online experience, where there was a background check done. Other than that many affiliate programs and online businesses don’t go deep into your background.
Tired Of Your Job
Some people are just plain ole 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 you can start an online business with absolutely no money upfront.
1. Affiliate Marketing
The first way you can start a business for free is to start affiliate marketing. Affiliate marketing is so far the best experience I’ve had when it comes to making money online.
It can be done with a website or without a website. In my opinion affiliate marketing is easiest with a blog, however, some others would beg the differ.
By the way, if you would like to set up your blog, I do have an article on “How to start your blog on Bluehost?”
On the other hand, Bluehost does cost money to get started so, I have a better idea, which brings me to the second way that you could start a business for free..
It’s with a company named Wealthy Affiliate. You’ll be able to join this 1.4 million entrepreneur community. Not only that you can start a website for free as a “starter member“. Better yet, it’s best that you read all about it yourself, click here.
Anyhow, many people prefer to create videos instead. Such as vlogging, which is also a way of becoming an affiliate marketer for free. You’ll just need to start a YouTube channel.
At any rate, the simplest way to explain affiliate marketing is you’ll become an affiliate by signing up to different affiliate programs or affiliate networks.
Then, you’ll promote individual business owners or full-scale companies products to others. Here are some examples of affiliate networks below.
Now, that you know some of the most common affiliate networks. I am going to share some affiliate programs, which are free to sign up to.
How Else Can You Share Products?
Besides creating a blog or starting a YouTube channel, you can actually share affiliate products with the following channels.
- Your Social media platforms
- Through Email marketing, but usually with email marketing, you’re going to need a landing page or a website.
- Popular forums such as Quora or Yahoo Answers
- Maybe your friends and family
Before getting started with the above affiliate marketing methods. First, you’ll need to pick a niche.
If you have no idea what a niche is, simply put you’ll need to find an area of interest and focus on that targeted market.
Ask yourself a few questions like the ones below. 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?
- What can you bring to the table that no one else has to offer in your area of specialty?
- Do people need help in the niche that you are interested 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 like Mary Morrissey and or other networks that offer personal development products. Then you’ll simply promote them by blog or video marketing.
Maybe you don’t have a certain specialty that’s fine. Sometimes it takes time to realize what you truly are passionate about. However, don’t over think it, you could have an interest that you don’t even realize. Try asking people around you, what activities do you do the most throughout your day?
Regardless, you still can sign up to affiliate networks and programs, while promoting their products.
With this being said, a not knowing what niche to settle on can be a road blocker. If you truly want to start a business online and can’t figure out a niche, you’ll want to read my post about Wealthy Affiliate.
Besides, you can always get started as an affiliate marketer, promote other peoples products and narrow down a niche later.
Learn The Skills To Promote
In order for affiliate marketing to work you’ll need to learn the skills it takes to be successful at affiliate marketing. In addition to this, you’ll need to learn how to drive traffic to your affiliate offers. You’ll also need to learn where you’re 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, with no prior experience.
If you’re interested you can check them out as well… Click here to read more about the community.
2. Start A Blog
As you read earlier, the second method of starting an online business with no money would be to start a blog. There are many blogging platforms such as WordPress.org, WorPress.com, Square space, Weebly, Wix, or Blogger.
Above all, the only one I would recommend is starting your blog with WordPress.org. They are the most trusted blogging platforms, and if you want to be taken seriously, you’ll need to use WordPress.org.
Nonetheless, blogging is nothing new. In fact, blogging has been around since like 1990. With that being said, over the recent years, blogging has become very popular and it just seems that it is getting increasingly popular.
Besides that, almost every company you visit online now has a blog, from Google to Apple. They usually all have blogs.
Anyhow, the way I started my blog completely free was with Wealthy Affiliate. Do you read the article? You can start your website completely free with them. They have a platform called Siterrubix, which would still be a WordPress.org platform. The only difference is your website would have the SiteRubix extension at the end until your able to pay for your own domain name.
So, it would look like this….onlinemoneynoscams.siterubix.com, which of course is not ideal if you’re serious about building a successful business, however, it is a way to get your foot in the da, and to start taking action. If you didn’t read the article about Wealthy Affiliate here is the link again.
You Can Make Money With A Blog
There are certain steps that you have to learn, in order to monetize your blog but, if you have a passion or an 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. Although, it will take hard work and a strong drive. Regardless, of that, the only thing you need to do is just get out there and do it.
My Final Opinion
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. Please don’t forget to share this post. If you have any questions or concerns, please leave them in the comment box below. Thanks…