When thinking of starting a business with no money, the best option to go for is an online business. This is because it may be very difficult to start an offline business without capital, as most of them may require a shop or other things that may be hard to get without money.

But today, there are a lot of online businesses that don’t require money or a physical shop to kick off. This is one great opportunity that the online space has offered to us, and it’s a great advantage online businesses have over offline businesses. 

What Is Online Business?

How To Start Online Business With No Money

An online business is any kind of business that is run exclusively through the internet. This may involve the selling of products or services. 

Is It Possible To Start an Online Business With No Money? 

I promised that I’m gonna show you how to start an online business without money; in this, I know it may sound unbelievable that one can start an online business without money Like, how possible is it, to start an online business without money?

Yes, it is very possible to start an online business with no money, and that’s what we gonna be learning in this article. Just keep following!👍

What Do You Need To Start An Online Business?

Since it’s possible to start an online business with no money, it may still be wise to know that there are still a few things you cannot do without, in the field of online business. These are just a few and very common things, which are:

  1. A Computer or Smartphone
  2. Good network/internet connection
  3. Internet data bundle.

These are the only three major things you may need to start making money online. If you have the three things above, then you have no reason not to make money online.

How To Start Online Business With No Money

I want to start a small business but have no money? The best option for you is to go into an online business, you don’t need capital to start most online businesses. One of the best benefits of starting an online business is that you keep earning money daily, even while at home or from your comfort.

1. Make Research

The first step on how to start an online business with no money is to do good research to know what is obtainable, to know which reliable online business you can go for, and how to start it. This research is actually what brought you to this page, meaning you have just taken the first step.

2. Make A Choice

The second step in how to start an online business with no money is to make your decision. Now that you have conducted your research about what business is saleable online, it’s now time to put your mind together to know which area to venture into. You cannot be a jack of all trades and master of none. For the start, you would need to choose a niche or a particular area of specialization, and start gaining Authority in that field.

3. Get The Skills Required

The third step in how to start an online business with no money is to get the Required Skills or knowledge. Almost all the online businesses out there require some Skills and knowledge. Since you have made your choice on which online business you want to go into, proceed and acquire the necessary skills and knowledge. 

Whether your online business is about selling products or services, you still need some Skills or knowledge for any of them.

You may be wondering where you can learn these skills, or if it would cost some money to get these Skills. These Skills or knowledge can be learned online, in your comfort. There are a lot of online platforms where you can acquire different kinds of skills and knowledge. Some of such platforms are Udemy, Alison, YouTube, etc.

4. Get A Mentor In Your Chosen Niche

Always remember that you don’t know it all, you can go faster if you have a mentor who is already in that niche, than working alone and depending only on your knowledge. Since you will always be making research for more updates and knowledge in your niche, you still need a mentor whom you can always reach out to, to learn from the wealth of experience he has gathered in the business.

5. Start Your Online Business Immediately

Don’t procrastinate and don’t be afraid of failure, start immediately. Start your online business, and keep making research on how to improve, grow, and make your business better than others in the field.

Reliable Online Businesses You Can Start With No Money

Now that you have known the steps on how to start an online business with no money, I know you may want to know some examples of these legit online businesses that you can start without capital. Some of these Online online businesses you can start for free are:

1. Dropshipping Business

Dropshipping is one of the best businesses to start with little money from home. It’s a kind of online business in which you can sell products without having to carry any inventory. You don’t even need to have your products. All you have to do is to open your store, find good suppliers, and set up your store. You must have one particular product you are selling in your store. 

If you are going into clothing, you just have to get the pictures of the clothes from your supplier and showcase them on your online store. Anytime a customer orders for product, you can now get the product from your supplier and ship it directly to the customer.

You may not need to have a website before you can start dropshipping Business. There are many dropshipping platforms where you can set up your online store for free, like Shopify, Sprocket, etc.

2. Freelancing

Freelancing is all about offering the skills you have, for sale. This means that you must have digital skills before you can venture into freelancing. You can HERE to see some high-income skills you can learn for free.

There are many freelancing platforms where you can sell your Skills. Such platforms are Fiver, Upwork, etc. 

3. Online Book Reviewing

If you are searching for how to start an online business from home, then I would suggest you start a book review.

There are many platforms where you can make money by reviewing books online. Such platforms are Kirkus media, Reedsy Discovery, etc.

4. Affiliate Marketing

Affiliate marketing is a very easy business to start with no money, and make a lot of money from it. It doesn’t require any capital since it involves promoting other people’s products and earning your commissions on every sale you make.

5. Social Media Influencing

If you are the type that loves social media, It would be a great idea to turn that into a business. Start building your audience in a particular niche. Once you have gathered a large Quality audience, you can turn this audience into a money-making machine; in various ways.

You may be surprised that individuals, companions, or brands may Start reaching out to you to advertise on your social media handle. Aside from that, you may even decide to sell your products to your audience.

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