Are you thinking of the best online business to start with less capital or no capital at all? Do you want to escape from a 9-5 weekday jobs but you have inadequate amount of money to venture into any business ideas?
Here is a good news for you. I have listed the top online business with less capital or no capital below. Actually, there are infinite possibilities in doing an online business. Online business is one of the best ways that will drive you to success including financial freedom.
With the advent of technology, a lot of companies are focusing primarily on digital world. Digital world creates a better access to information everywhere which created every business easily connected to consumers worldwide whether it is engaging in Business to Business (B2B) or Business to Consumer (B2C).
To make your search easier, we have listed up the top online business you can try to start. Remember to set your SMART goals when doing your Business Plan. Make sure you plan carefully and you determine your passion first before choosing the right online business for you.
Choosing the right online business for you will be easier if you know your passion. With that passion you can be more motivated and you will have a higher chance to be a successful entrepreneur.
Below are the top online business idea with less capital or no capital at all. You only need guts and strategy.
1.) Consultant
If you master a certain craft or skills you have a great chance of becoming a successful consultant. Being expert using a specific tools, creating a product of a certain niche, or being knowledgeable to a certain field are the qualities that will fit you as a consultant. Like doctors and lawyers who studied their expertise, they become more in demand if they focus into a specialised field with a great demand.
This is how consultation matters. As a consultant, an individual will ask you based on your expertise or specialization. It takes other people a decade (10 years) to be called an expert on their fields before becoming a best consultant. Nowadays you can easily learn online and follow some steps to pursue this business.
If you aim to be a consultant online, here are some of the best business for consultation.
a.) Business Consultant – Business Consultant normally helps business owners to make their business earn more profit. If you have experience and expertise on Sales and Marketing, Business Development, Research and Development, Innovation etc. then business consultation is right for you.
b.) SEO Consultant – SEO stands for Search Engine Optimization. As an SEO Consultant you should know how Google, Yahoo Search, and Bing works. You should know how to make a certain page or website be on top of the search engines when someone is searching for a certain topic online.
Neil Patel is one of the most well known individual on this business.
With the vast array of blog sites and a lot of companies are online there is a higher chance you will be successful on this field.
But take note also the competition and changing behavior of search engines. According to some expert, with the complexity of world wide internet usage you need to relatively align with latest updates on search engine.
So if you want to be an expert SEO then its your time to learn and go deeper with how well known SEO player works.
c.) IT Consultant – Information Technology (IT) Consultation plays an important role in every business as of today. The primary focus of an IT consultant will be Software, Hardware, Network and Infrastructures, IT Audits, Analytics, and Solutions. The less people who knows in the IT field of expertise, the higher the income. So if you want to focus on this consultation it would advise you to be an expert in something that less people are studying.
As an example, my friend and my former classmate who is working in an IT Company in Singapore told me that their network consultant always arrived to their office on his Ferrari car and normally paid around $2,000.00. That network consultant normally talks and explains technical know how for just an hour or two when going to their office. Sounds great right?
2.) Blogging
Business in blogging is quite significant and become famous as of today. Other people earn for as low as $2,000 up to $10,000 monthly or even higher. They get their income from advertisements, affiliate marketing, paid post and a lot of more.
If you love writing and helping others to know more about in a specific niche or topic, then blogging is a good business for you.
3.) Dropshipping
Dropshipping is an in demand business since 2016 or even on the past years and becomes a booming industry up to present. Well known companies who started this business and become a big company now are Zappos and Amazon.
Relatively Shopify dominates the Dropshipping plarform using an Oberlo App where you can easily link your product from Ali Express to your website with no inventory on your end at all.
In Dropshipping business, your main goal is to market a specific product or a niche directly to your intended customers using your own website. Other people use eBay, Amazon, and the likes to market their products. Once your customer place an order, that product it will be send to your supplier and your supplier will directly shipped the product to your customer.
Some small business retailers are using their personal account in Facebook or Instagram to sell an item. It’s just how you market your product strategically. Primarily, social media plays a great success for marketing.
There are many inspiring millionaires all over the world engaging on this type of business. Some of them started with free trial then what they earned for 14 days, it will be their starting capital to pay Shopify using their platform. Actually their business grow from there. Simple and easy, right? But some of them takes time to learn and become successful on this business. You need to have more patience, time and effort to get what it takes to be a successful Dropshipper.
If you love marketing and you have a creative mind and ideas, enjoy customer service, and love innovation then Dropshipping is best for you.
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4.) Web Design
Web design business needs only a computer, coding ability (technically incline) and good creativity to be successful in web design or re-design. You should know the basic of web design, followed by your creativity and better understanding on how you will make an elegant website design for your customer.
It takes patience, tenacity, and determination to be able for you to become a successful on this business. As a start-up you can try to be a freelancer first. Once you get many clients, then its your time to start your own company. You can also collaborate with SEO consultant to make your clients happier or you can combine both.
5.) Graphic Artist
Graphic Artist is one of the rising business to start. You need to be creative and you have a better imagination ability when it pertains to art and colors.
If you are working in a company now and you know you have what it takes to be successful in graphic design business, then take a big leap of faith to venture into it.
Canva is the one who dominates on this business at this time. They created apps for business owners and individual who are less knowledgeable to graphic design tools. If you want to do marketing and do not have any idea how to create a good image for your brand promotion the canva can help you.
As an aspiring business owner in graphic design, your edge is to create an art that is intended to your customer’s need. This will create a unique impact to your craft.
6.) App Developer
There are millions of apps we always use in our smart phones nowadays. That is why there is a bigger chance to be successful on this business especially if you are adept on developing an app. Your app could be inline with games, business application, personality development and a lot of more.
Normally it is not easy to develop an app at first. But once you have the templates and solutions to a specific problem it will be easier for you to cater the needs of your customers or client in the future.
A well known personality on this field is Evan Spiegel. Spiegel created a snapchat or Snap Company who became the youngest successful Chief Executive Officer (CEO) at 27. According to Forbes, his real time networth is $2.7B as of 20 August 2018.
7.) Social Media Marketing
Social Media Marketing campaign is the most effective way of marketing a product or service online. Almost 1/3 of the global population is using Facebook this year, 2018, and will becoming more and more users in the future.
Social Media Marketing is very in-demand nowadays and there is a higher success rate if you are excellent in video creation and advertising, photo editing, and well grasp of marketing tools online.
Trending videos worldwide is a great source of income for most businesses worldwide which is a good example of social media campaign. Don’t you know that some business owners contact well know social media influencers to attract more customers?
As a social media marketer, your role is you will act on behalf of an organization. You will handle social media accounts such as Facebook, Twitter, Instagram, LinkedIn, and Goggle Plus. Your goal is to help company to grow their business in terms of profit, brand awareness, increase traffic online, and right interaction with key audience.
If you have what it takes and solely has an in depth knowledge and experience in advertising using Facebook, Instagram, and Twitter and other social media then,social media marketing business is for you.
Well known in online marketing or social media marketing is Peng Joon from Malaysia. He created and published books on how to make money online and now a great legend in this field and Public Speaking as well.
8.) E-Book Publishing
Digital products nowadays create jobs and business to many people. Some of them earns for as low as $1,000 up to $10,000 and more in a month as their hobby and passive income as well.
To be an e-book publisher you should be a good writer in a certain niche or you have a good grasp in publishing business. Other businessmen on this area are hiring a ghost writers on behalf of them. They sell their e-books via self publishing using Amazon or by creating their own websites.
If you love helping people by giving enough knowledge based on a specific content and by being a problem solver through digitized books or e-books then this app business is right for you.
What online business do you think will fit to you? Do you have any online business not included on this list? What’s other online business you know?
Kindly comment us below or share this post on social media.
