Want to become an entrepreneur but do not have the funds to start a business? Worry not! There are plenty of great online businesses that you can start with minimal investment. Starting an online business is often less nerve-racking than opening a brick-and-mortar store. That is primarily because online ventures require much less money than traditional businesses. Moreover, due to the wild popularity and success rate of online businesses, banks and NBFCs are now willing to give you instant loans as funding. If you have been looking for online business ideas, you are in luck! Below is a quick list that should get you started.
Build a Listicle blog
When done right, blogging can be a great way to make money online. By picking the right niche and employing some excellent monetizing tactics, you can turn your blog into a thriving online business. For example, listicles are very much in trend right now. You may have to spend about $20 and a few hours a week for content creation, and in turn, you can earn a handsome amount.
If you do not have the writing or researching skills, you can simply hire a couple of professional writers to do it for you. You would need to promote your content on social media platforms such as StumbleUpon, Reddit, Facebook and Twitter to gain organic traffic. Within a few months, you may see a steady stream of 30,000-50,000 unique visitors every month. You can then monetize the site with AdSense to bring in the cash!
Buy and sell domains
Also known as “domain flipping,” buying and selling domain names is a highly profitable online business. It takes a little time and money to get this business started. The idea here is that you buy a domain name at the registration price or at a cheaper rate, and then sell it at a higher price to make a profit. As you might guess, some domain names are more popular and thus they are worth a handsome amount. For example, Business.com and Hotel.com were reported sold at $7 million and $11 million respectively!
Now, even if you do not hit the jackpot and get the best domain names, you can still stand to make a significant amount of money. However, you would need to put in the time to learn the business. You must check out the popular domain auction sites and do ample research on sites such as Sedo.co.uk and Afternic.com. It will give you an idea of the most popular domain names. You can find good names by checking the terminated lists. Here, you will find all the expired domain names that are up for grabs. Check out expireddomains.net to find expired domain names by keywords!
Become a professional freelancer
Online freelancing has long been lauded as an alternative career path. If you have a specific skill that allows you to work from home, using just your computer, you can become a professional freelancer. For example, if you are a writer or a web designer, there is a whole market for you to explore. Websites such as Freelancer.com, Upwork, and Fiverr are great places to find freelance projects. On these platforms, employers post requirements and seek individuals who can fulfil them. You can simply sign up on these sites and start bidding for projects.
An impressive variety of jobs are available on the freelancing sites. From writing, designing, coding, and programming to data entry, virtual assistant, voiceover work, and audio transcription, you can find jobs in all categories and industries. By being committed and putting in the hard work, you can build a steady clientele and make a decent living.
Start a podcast
Podcasts have become exceedingly popular over the last few years. The good thing is that unlike blogging, podcasting is still relatively new. Therefore, the industry is not as saturated. Simply put, podcasts are like online radio shows that can be on any topic such as politics, business, entertainment and what not. You download the podcasts onto your computer or smartphone and listen to them when you want.
There is a variety of podcast shows available right now. You can check out some of them to get an idea of what it is all about. If you want to get into this business, know that there is a learning curve. Even if you are a natural at it, it would take some time for your show to become popular. That is why it pays to learn about the tricks of the trade. You should also choose a popular niche/topic and plan your strategy ahead of time.
Getting an online business off the ground
Much like a traditional business, online ventures also require much thought, planning, and careful execution. You must choose to do something you are passionate about. The idea is to combine your skills and interests. While some online businesses require just a computer and good internet connection, others may require tools and equipment and other forms of investment. If you need financial help, you may look for quick online loans since banks usually have rigid loan requirements.
NBFCs and online lending companies are now offering instant loan (https://www.loansumo.in/instant-loan-application/)offer to those looking to fund their online business. Online businesses are booming in India, and it is evident in the huge number of people who are entering this field every day. If you want to become a part of the action, make sure to find the right business idea for yourself! Carry out thorough research to find the most lucrative option that also requires very little investment.