Thursday, 24 October 2019

Make Money By Minimal Or No Investment

Maybe you’re a young boy/girl who wants to start getting dirty in the entrepreneurial side of the business world.

Maybe you’re a college graduate who intends to launch a business instead of looking for a job.

Maybe you’re a cooperate mouse who’s tired of the 9-5 life and is eager to escape the Rat Race.

Or maybe you just want to start a side business to be able to afford some more weekend beers.

In any case, there are so many ways you can turn your interests and skills into real cash online, working from the comfort of your home.

The internet has created a lot of endless opportunities for anyone who’s ready to make use of them.

To some people, making money from the internet usually sounds like a complicated nightmare. Well, I’ll be honest with you:
Starting an online based business/store of any kind is hard work.

But luckily enough, a countless number of people from different parts of the world have already done it, and chances are…

…You can also do it.

I’m not about to sell you a product that will make you an overnight billionaire; rather, I’ve put together an extensive list of 13 different, relatively easy, online business ideas people are making a living from.

If you’re ready, I am too.

1. Blogging (Minimal Investment)

For more than two decades now, people have been making a living from blogs, primarily by delivering free, actionable, entertaining, informative, and educational content on a variety of topics to their audience.

The topics of these blogs can be about anything:
  • Food
  • Fashion
  • Travel
  • Nutrition
  • Pet care
  • Golf
  • Dishwashers

Bloggers can monetize this content via so many ways, including (but not limited to) offering different products/services to their audience (aka affiliate marketing), finding private advertisers, and putting up pay-per-click advertisements.

2. Podcasting (Minimal Investment)

Podcasting has become popular in recent times with a lot of people starting up new shows on a daily basis.

Luckily, as the business continues to grow in popularity, a lot of podcast hosts are discovering many wonderful ways of monetizing their shows, including landing great deals with advertisers and selling goods and services to their audience.

In the internet marketing space, the moment you mention podcasting, one name that will always come to mind is John Lee Dumas who has built an incredibly successful business around his podcast.

3. Dropshipping (Minimal Investment)

You don’t need a warehouse filled with inventory to run your own business.

Dropshipping is a good way to start your own business on a budget without owning a single product. You just need to get pre-existing products from a supplier and let them take care of everything else, including fulfillment, packaging, and shipping.

With dropshipping, you can run your business from anywhere because you don’t need a warehouse. Your store doesn’t have to stock products in any physical location.

Once someone buys an item from you, you make an order with a third-party on behalf of your customer, and the third-party handles everything else.

If you want to learn more about this business model, check out this Ultimate Dropshipping Guide by Shopify.

4. Launch an Online Course (No Investment)

Building and selling online courses is an excellent way to generate passive income.

You just need to make a video tutorial where you’re teaching people a subject you’re familiar with. Then, you can host it either on your own blog or on an online course platform like Udemy.

Although it’s one of the most challenging ways to make money online, if you’re able to create a popular, value-filled, and informative video tutorial, you will be making money from it for a long time.

To launch your own online course, you first need to think of a good topic you understand very well and can easily teach someone from scratch. It could be anything – list building, bead making, mobile app development, web development, dog training, etc.

The next thing to do is to get a video editing app like Camtasia which makes it easy to create professional looking videos.

After that, all you need to do is upload it somewhere and promote it.

But again, the “blogging” niche is not the only niche where this will work. For instance, entrepreneur David Henzel launched Managing Happiness to target both the entrepreneur and relationship niches.

Just find your niche and go from there.

5. Ghost Writing (No Investment)

A lot of bloggers and internet marketers are super busy with other areas of their business and do not have the time to write blog posts for their blogs.

As you may know, writing is only one side of building a successful online business; there are so many other tasks that need maximum attention.

However, experienced webmasters understand the benefits of content marketing, and they know that they cannot wholly abandon it.

The busiest marketers are always on the lookout for good writers who can be ghost writing for them.

As a ghostwriter, your job is to always supply the marketer with quality content which he/she will eventually publish on his/her blog under his/her own name.

Keep in mind: This does not involve only article writing; someone can also pay you to write a full page eBook which will still be published under their name.

Therefore, your only job is to write really well. No marketing, no SEO, and no social media campaigns… just write.

A good example of someone already making a living from this kind of work is Michael Chibuzor from the Content Marketing Up blog.

Try to identify some busy marketers in your niche and see if they’re hiring ghost writers.

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