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Every small-scale business starts up as a big idea and some with capital while others without capital. Starting a business with a budget of 100 thousand naira in Northern Nigeria is a very lucrative thing to do. With the current economic hiatus in the country, there...
To make money, you either need to sell something or your services. There are online business you can start with no money and little technical experience.
The internet provides us with many opportunities that we haven’t fully tapped. There are businesses that you can make money from by moving your operations online. The good thing about this is that the internet gives you a wide range of connections that allows your business to get recognition anywhere in the world.
To top it off, you can operate this business from the comfort of your home as long as you maintain an online presence to promote your business. If you have read up to this point, you must be wondering what online businesses you can start with no money?
When you hear the word blogging, what immediately comes to your mind? I’m guessing writing!
Well, blogging is not only about writing. In fact, writing is just one part. You can post pictures, videos, articles from other sites, and your own write-ups.
Blogging refers to creating content that is targeted at a specific audience. It is a self-published website where people can write or journal their experience, create content and entertain internet users.
Starting a blog is easy. There are various sites where you can open a blog like blogger, medium, and WordPress. It is up to you to create contents that your viewers would find entertaining and want to engage with.
This is how blogging works. If your contents are entertaining or useful enough, depending on your niche and target audience, people will visit your blog. When people visit your blog, you can place adverts that earn you commissions. The larger the number of people that visit your blog, the higher you can charge for adverts.
You will have to grow your audience by creating content that will draw their attention. This is where you put in the work so that your readers can relate to you and trust your content.
Content is King!
Check out these 9 Amazing Sites that Pay You to Write
My journey to freelance writing began during the coronavirus break. I knew I could write but I did not know what to do with it. I spoke to some career-minded friends of mine who advised me to monetize my skill.
First, I opened an account with medium where I wrote about societal issues with a bit of humour and creativity. Then I built confidence in my writing from the feedback I got and applied for writing gigs on sites like Upwork and Fiverr. In addition, a friend of mine helped write a CV using my medium blog as an experience.
In 2021, I got referred to Nortpad by a friend and I got a job as a freelance writer and here I am writing my story with you. I started with zero capital- well, aside from money for data.
Freelancing is one online business that you can start with no money. It involves you selling your service to an employer on a contract basis. You can work from the comfort of your home and for multiple employers depending on the nature of your niche.
To be a freelancer, you need to have services to offer that can be valuable to your prospective employer. Skills such as writing, graphics design, and software development are some of the hot cakes in demand.
After establishing the service you can offer, you can open accounts on freelance sites like Fiverr that connect clients to freelancers. I have tried it and it works.
In the world today, we are either making a purchase or selling something. Whether you like it or not, you are one way or the other selling something- your service or a product.
Affiliate marketing is an online business you can start with no money. It involves you selling a product, which is not yours, where you receive a commission for every sale you make.
Most companies find it easier to use affiliate marketers than commercial advertising. This is how it works- you sell a product on behalf of a company or organization. For every sale you make, you get paid commission already agreed on in the contract. The more sales you make, the more your commission.
If you have no idea how to sell products online, here are ways to sell your products online.
Another online business you can start with zero capital is virtual assistance.
Virtual assistance is as simple as the name implies- you assist an organization or company virtually. As a virtual assistant, your job would revolve around managing an organization’s mail, writing reports and memos preparing tasks, and handling the day-to-day management of the organization’s routine.
Many organizations are now working remotely so most of their operations are done over the internet. If you have marketable skills, you can apply for virtual assistant gigs through freelance sites, Linkedin, and job search handles.
Being an efficient virtual assistant would require you to have good management skills, the ability to work in a team, and other soft skills.
Have you ever heard of the silent Tik-Toker, Khaby Lame? Khaby caught my attention when he was featured in Facebook’s video explaining their transition to Meta.
Lame became a millionaire in 2020 through Tik-Tok without having to say a single word! He built a huge following on social media by making videos on relatable content humorously mocking people who make simple tasks look complicated. Today, his net worth is estimated at $2million.
How does he make his money? With his huge following, brands are willing to pay a huge amount of money to work with him. This helps put their business to a huge audience and gets Lame the bag.
Making video contents online is one online business you can start with no money. You can leverage apps like Tik-Tok and YouTube to create exciting contents that draw an audience to you.
Take YouTube for example. Except you are using Youtube premium, you are bound to see at least two ads when watching a video (personally, I find them irking). You can start by opening a YouTube channel, and creating useful video content that people would want to watch.
Again, content is king. You do not need a viral video to make money through video content, although that would be an advantage. All you need is to create quality content that people would want to watch.
The hack to making money through the internet is choosing a market and a targeted audience that suits you. Keep your eye alert for trending topics and discussions that can bring people to your content.
You would also need to consider that patience and time is vital. Let the passion for your niche or interests drive you. Be willing to learn and improve on the go.
Make sure you are providing valuable content or services. With time, you can be assured that your efforts would yield the desired outcome you wish.
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