Business with no investment? Sounds too good to be true right.
Or maybe you thought its a multilevel marketing scam (MLM) 😀
Here I am talking about creating a business with your skill or something you are really passionate about.
In this blog, I will give you a high-level overview of some of the online business that just requires your time and skill.
Note: These are not quick money-making schemes. You need to put in the effort and it takes time to earn money.
Content creation used to be a hobby for many.
Not anymore! Nowadays Blogging has become a business model for many.
There are many professional full-time bloggers who make a full-time living out of their blogs. (Some earn thousands of dollars)
With more users getting added to the internet every day, you have an ocean of people online where you can market yourself or your content.
So how do you get started with blogging?
Its simple, you just need to drill down a niche which you are really good at or passionate about.
Then you need a domain name and a hosting account with a WordPress blog setup. It all takes less than 1 hr to set up and you can start writing and publishing immediately.
How does one earn from blogging?
There are many ways to earn from your blog. For example, display ads, affiliate marketing, direct advertisement, etc.
I have written a separate article on how to make money from tech blogs.
2. Online Courses
Do you know, Pluralsight, an online IT education platform got acquired for $3.5 billion dollars.
As per business wire, the online education market is going to be US$286.62 billion
You can also be a part of it if you can create online courses.
There are so many ways you can do this.
You can publish your courses on Udemy for free and earn money whenever someone purchases your courses. Platforms like Udemy is a great place to start if you don’t have existing followers, as it’s a course marketplace and you get immediate visibility.
You can also start your own learning platform with services like Teachable.
3. Online Coaching
If you are trainer or if you want to be one, online is a great place to establish it as business.
You can be fitness coach, stock marker trainer, yoga trainer etc.
All you have to do is build your online following through social media and explain your services through webinars.
If people are convinced, they might turn in to paying customers.
Online coaching is a slow and steady process but it doesn’t require any investment to start.
Online coaching is a great business if you can showcase your talent and create authority.
Now there are so many opportunities to sell your services online.
With websites like Freelancer, Fiverr, you can get clients online and provide services with different price labs.
It’s not easy to get your first clients. But if you are patient and work hard, you will eventually build a client list who trusts you, turning into a full-time business.
It’s a very slow and steady process.