Are you looking for some online business ideas without any investment that you can start from the comfort of your home?
A business where you can make a full-time income and can spend more time with your family or friends?
I know, it’s the best life everyone is striving for. A life where you are your own boss and making money in your sleep.
Sounds good eh?
Well, it doesn’t only sound good, but it’s also possible. There are a lot of online businesses available, which makes all this possible.
And based on that, I have compiled a list of 7 online businesses that you can start without even spending any dime.
8 ONLINE BUSINESS IDEAS WITHOUT INVESTMENT
1. FREELANCE WRITING
If you are good at writing articles or have the skills to write engaging content, then be thankful because you have one of the best skills.
Nowadays, lots & lots of websites, books, editorial are emerging on a daily basis, which requires a lot of quality content writing.
As a business owner, most of them don’t have enough time to carry out these writing tasks. Even if they have time, they might not be a good writer themselves.
So, the best thing they can do is hire freelance writers.
Let me tell you, many professional writers make thousands of dollars every month just by doing this. All they need is a laptop and a quiet room to do this job.
If you think you are a good writer or have done some writing projects earlier, then why don’t you start using this skill?
I mean, there is no investment needed and you can literally start “writing jobs” by applying different websites or job portals.
You can read this guide where I have mentioned 8 best websites for Online writing jobs.
2. START PROOFREADING
Are you good in correcting & fixing grammatical, spelling & typo mistakes in documents?
If you think that you are good at it, then you are the perfect person for this business.
Proofreading is a process where a person checks the grammatical, spelling typo mistakes in documents & corrects it.
It can be either articles, books, resume or any written content. For each project, a proofreader can make around $10-$50 an hour.
An average proofreader in the US makes around $50,474 a year, according to salary.com. So, it’s definitely a good online business idea which requires no investment.
Also, this job is evergreen because there will be always demand for the contents which are never going to fade away.
So, if you are really interested to become a Proofreader but have no idea how to start?
Then you can surely join this 76-minute free workshop which will give you enough information on Proofreading.
You can also check out these 15 best websites for proofreading jobs.
3. LAUNCH AN ONLINE VIDEO COURSE
If you are good at something & want to teach others the same, then what better than to create your own video course.
A video course is where you teach others a specific skill through videos.
You can sell such video courses either through your own website or you can use other websites which host such courses.
Though it takes a lot of work to create one, but it is definitely quite rewarding for a long-run.
Here’s the deal:
All you need to do is figure out what skill you are good at that you can teach others from scratch?
Secondly, you should also consider whether the skill has any demand in the online community?
If you think you have the skill & it has good demand, then create video tutorials explaining the same.
You can divide the whole video into sections so that people can learn it step-by-step without getting bored.
To create videos, you can either use a screen recorder or a good video camera to record yourself.
On top of that, make sure you are using a good microphone that records your voice clearly. To edit all these videos, you can use a good video editor such as Vegas Pro.
Once all is done, you can either upload it on your website or you can use other websites such as:
Want to know the best part?
You are going to get paid for a long run when someone purchases your course. You’ll wake up most of the morning with an email in your inbox which says ” You made a sale”.
Isn’t it wonderful?
4. BECOME A VIRTUAL ASSISTANT
Many big online businesses have to manage a lot of different tasks to keep running their business smoothly.
Though they can’t manage all the tasks by themselves, they hire different people known as Virtual Assistant who handles these tasks for them.
Virtual assistants basically carry out the following tasks:
- Social media promotion
- E-mail promotion
- Blog posting
- Scheduling appointments
- Making phone calls
- Data Entry
- Paying bills
- Organizing documents
By managing these tasks for a company or brand, they get paid on a monthly basis.
If you are really good in any one of them, you can create a portfolio and promote it in Social media, YouTube or through your own website.
In the case of a website, you can create a small website using WordPress or Wix where you can promote your skill in front of thousands of people.
Moreover, you can also promote your portfolio on Upwork, Freelancer or Fiverr where usually clients hang out.
5. CREATE E-BOOK & SELL THEM
This is similar to video courses, but the only difference here is that you need to create an e-book instead of videos.
If I compare both of them, then e-book creation is a lot easier if you are not good at making videos.
All you need to do is write an e-book on whichever topic you like. Make sure it has a demand otherwise no one is willing to buy it.
You can go for novels, marketing guides, storybook or teach any skill. You are free to write anything.
After creating such books, you can either sell them through your blog, Amazon or a YouTube channel.
But here’s a kicker:
If you’re selling it through your website or YouTube channel, make sure you create few contents and videos which revolves around your e-book.
Like, you can write articles or create videos on a specific problem which your e-book can solve. In the end, you can suggest your book as a solution.
If they can connect to your content/video, then they’ll surely buy it & that’s how you make a sale.
I know a few people who already sold more than 1600 copies through their YouTube channel & blog which made them more than $10k profit.
It is still paying them well.
Do remember, it only takes a few weeks of work to create such e-books that will pay you forever.
One of my friends made a simple e-book on Affiliate Marketing (beginner level) and sold it through his YouTube channel for just $4.
Today he has sold more than 2000 copies which made him $8000 profit. It is still selling well.
Literally, he didn’t even invest a single penny, but only a few hours of work and look, its money on autopilot.
6. SEO CONSULTING
SEO Consulting is a million dollar business and it has a great demand among different online businesses.
Basically, an SEO consultant optimizes websites to make it more search engine friendly so that it can get ranked on Google & drive organic traffic
If you don’t know:
Search engine traffic is the most engaging & profitable traffic, which accounts for more sales, e-mail sign-ups & money.
So, if you personally have a website & knows all the tricks & trade of SEO, then you can surely provide such services to online business owners.
My friend Jeremy Noronha from jeremynoronha.com had been just an ordinary guy from Goa, India who left his college and started learning SEO by himself.
Today, he is living a Digital Nomad lifestyle and travels around the world.
Do you know how he did it?
By becoming an SEO consultant.
Today, he is the head of SEO for foundr.com which is quite a big achievement. He is making a lot of money at just an age of 21 and traveling the world.
Quite rewarding right?
So, if you too are interested in starting a career in SEO, you can read my beginner level search engine optimization guide to get started if you have no idea.
If you are serious about learning advanced SEO, then I prefer you to take free courses on Skillshare.
With just a sign-up, you can access Skillshare for 2 months for free. This means you can take an unlimited number of courses within those 2 months.
So, go and start learning!
7. AFFILIATE MARKETING
This is one of the easiest online business, you can start without any investment.
For those of you who don’t know what affiliate marketing is, it is a way to earn money by selling someone else product. For each sale you make, you will get some commission.
You can start affiliate marketing either free or you may need to invest some money.
If I talk about the free method, then you’ll need to create a YouTube channel where you can promote different affiliate products through your videos.
The other method involves creating a niche based website which will cost you some bucks. With your website, you can create content around your affiliate products to sell them.
If you want to learn more about Affiliate marketing, then check out my newbie Affiliate marketing guide.
8. START A YOUTUBE CHANNEL
This is the easiest one that will give you quick results in comparison to other businesses which I’ve mentioned here.
You just need to start a YouTube channel around a niche and upload videos. When you’ll start getting views, you can make money through Google ads which will be displayed on your videos.
There are many YouTubers who are millionaires just because of YouTube. However, don’t think that the same thing will happen to you.
I mean, it can happen, but it requires a lot of work & patience.
The bottom line is:
If you can build a large engaging fan base on YouTube, then it is quite possible. Even if you don’t make millions, still you can make a full-time income on YouTube.
So, if you don’t know how to create your own YouTube channel, then check it out.
You can also read this guide where I talk about different methods to make money on YouTube.
And the great thing is:
I have also shared a secret to making more ad income even if you get fewer views.
These are 8 businesses which you can start without any investment. Though, initially, you won’t see much result because everything takes time.
Think about it, if it was that simple, then today, everybody would have been doing this instead of a 9-5 job.
Though it may seem difficult at first, but it will definitely pay you better than your 9-5 job.
So, have a little patience and start grinding hard until you see the success.
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