Running a business from home requires a small outlay. There are no office rental costs, you probably already own your own computer or laptop, while a decent desktop and monitor will not cost much these days, and as you probably already connect to the net, at home you have no business internet bills. All you need now is a website, supply chain (if shipping physical products), a small cash injection, and a viable business idea!
Below we look at 4 online home business ideas that require almost no investment or come with set-up costs that are less than a visit to Starbucks once per week!
Dropshipping Business Startup!
With so many SaaS systems available, and many of them free to set up, starting a dropshipping business is a cinch. Essentially, you do not keep the product in stock so you can pretty much sell any item you want as long as you have access to a dropshipping service like Easyship.
For example, you could sign up to eBay and start selling products with no upfront online investment needed. You only pay fees when you make a sale while you will need to pony up the fees for using a dropshipping website to fulfil the sale if there are charges involved. Sometimes even the dropshipping is free depending on whom the website partners with. Other popular sites you can use for your dropshipping enterprise include Amazon, Bonanza, Etsy, and Craigslist. All you need to do is make sure you use a dropshipping service alongside these marketplaces.
Another way to set up a dropshipping business is via an eCommerce website. There are tons of great options out there to set up a store, while you can use plugins or addons to integrate a dropshipping service so when an order comes in, the entire shipping sales and then shipping process is fully automated. If you set the prices correctly on your website, you effectively earn an income on autopilot.
One of the best website builders for eComm is Wix. The service for dropshipping on Wix is seamless! It takes no effort to set up, the eComm service will help you connect to dropshipping services in your area, and it relieves you of the hassles involved with managing inventory, fulfilment, and shipping!
- Sell goods online and automate shipping
- No need to keep stock or an inventory
- Let the shipping company arrange the shipping
- Set your own prices so you make a profit
Local Website Blogging
We use the word ‘local’ here as the operative word and for good reason. If you are looking for a low investment opportunity to make money from blogging, then you will need to start small. The idea is to build up an interesting blog about multiple subjects that cover things to do in your area.
For example, you could start with restaurants and takeaway food options. Visit all the breakfast bars, food vans, restaurants, and bars that sell food in the area. Ask to take a picture of the menu so you can give people a visual representation of food and drinks options as well as price. And also make a small vlog if you can while additionally making sure you provide contact details, an address, and maps location.
Next, you could move onto parks in the area, country walks, cycle tracks, rambler routes, dog walking routes, fishing locations, gyms, sports clubs and more. As you build your blog, it will naturally rank on search engines such as Google because there should not be a lot of competing websites in your local area! Also, that means any paid ads costs to get visitors will be super cheap!
Making money from the site will entail:
- Selling ad space—ad subscriptions to local businesses
- Sponsored blog posting—charge money for others to publish
- Paid Ads allow paid ads networks to place ads on your site
- Tour guide—sell tour guide services for tourists
- Consulting services—consult for start-ups looking to target your area
- Start a subscription service—private members only area
Join a Freelance Website
If you really have zero to invest in a business, even if it is an online business, then why not sell your skills online. The freelance recruiting space is unindicted with entrepreneurs and businesses that require the services of a ‘work from home’ expert.
These people/businesses are looking for architects, accountants, programmers, web designers, markets, content specialists, analytics experts, cryptocurrency gurus, financial advisors, hedge fund and wealth management experts, graphic designers, and the list of expertise being sought after just does not stop!
There are over 50 websites out there that you can sign up to and apply for jobs or advertise your services. Some of them are specialist services for financial advisors and accountants, and others offer a ‘jack of all trades’ website where just about anyone can either advertise their skills or apply for jobs that suit their skill set.
- Advertise your skills on freelance websites
- Apply for freelance (work from home) jobs
- Set an hourly rate or fixed rate
- Get paid online in USD, GBP, CAD, or any other currency
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