I probably don’t need to tell you this, but working for someone else can suck. You bondsman away for hours for a bit of pocket money while you’re making someone else’s financial dreams come true. Sure, there is a rare job that you might love or find fulfilling, but that doesn’t mean you’re on your way to retiring early.
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You already know that having your own business is a great way to build financial freedom, but starting a business takes capital, right?
Well, not really. Sure, that was good years ago. But today, with the power of the internet and this current digital age, you can start a business with zero capital. All it takes is hard work and follow-through.
Top 5 Online Best Businesses To Start Without Money In 2023
I will share five business ideas you can start without initial capital or financial requirements in this article. Take a notebook and a pen, because this will be a good one! Let’s go!
Things To Know Before Starting A Business
Right off the bat, before we get into the specific ideas, it is essential to realize that you can turn any skill that you already have into a viable business that has the potential to earn six, seven, or eight figures. You only need to rely on yourself to create value by offering your services to other people.
I know what you’re thinking, “I thought the whole point of starting a business was so we’d stop trading time for money.” Well, not exactly.
When you first start your business, especially when you don’t have any money, you have to invest what is called “Sweat Equity.” It means investing your time and energy to build your business instead of investing capital to buy systems or tools that do some of that work for you.
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It is true no matter what business you start, so this is an important expectation to set from the very beginning. As you build the business and scale it up, you can get to a point where you aren’t trading time for money.
You will have to set up processes that allow you to keep making money even when you are not working. As I’ve mentioned before, it is easier to make money or start a business these days than it was fifty years ago, and the sole reason for this is the “Internet.”
All of these ideas require just a laptop. Some of the business ideas we’ll be discussing in this article are more personal, but you can do a lot of these business ideas with a computer. And everything on this list is scalable.
#1. Starting A Print-On-Demand Business
The first business idea you can start with no money is “Print-On-Demand.” With this business idea, you don’t need any money to start a clothing business. Here’s how it works:
When a customer orders a shirt from your website or online platform, the factory or your supplier will start making that shirt. As the name suggests, they will print it when you want and send it to you.
So, you don’t have to do anything but call customer service for that shirt to be printed and sent to you. It’s like “Drop Shipping,” in a way, but without dealing with merchandise or stock. Plus, it’s much easier to get started.
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How To Start a “Print-on-Demand Business?”
“Print-On-demand” is one of the best and simplest ways to start doing business online. You can use sites like “Printify” and “Shopify,” which are probably the best two places to start.
One of the most important things to watch out for when doing a “Print-On-Demand” Business is trademark infringement. Many famous slogans and designs may be copyrighted, so if you’re unsure and can’t afford to consult with a copyright lawyer, you probably want to steer clear.
Marketing For Print-On-Demand Business
Of course, making a product doesn’t mean anyone will know about it. That is why marketing is one of the essential parts of any business. And the best way to market for free is by using social media.
Use sites like TikTok and Instagram to create engaging content. Reach out to influencers to collaborate with them. Maybe send them a free shirt in exchange for a shout-out.
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#2. Starting Up A Niche Content Blog
The second business idea is “Starting Up A Niche Content Blog.” You can start a blog about a specific topic. It could be about things like Shih Tzus, Personal Finance, Lamps, Martial Arts, or you name it.
This blog works because your blog posts and articles bring people to your site. The goal is for these articles to get good rankings on search engines like “Google.”
SEO Is A Must For Blogging
It helps to know some basics related to SEO or Search Engine Optimization. A 15-minute deep dive on YouTube can give you the gist of how it works. But it will help you create optimized content to be found through search.
You’ll also have affiliate links in these posts, which is how you can make money directly from a content website. When people click on your affiliate links and buy the product or service, you’ll get a cut of the money as a commission, all at no additional cost to the website visitor.
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How To Get Started With Blogging?
It is a great business to start if you don’t have any money. You can make your first blog quickly and easily with a free blogging tool like “Wix.” It’s straightforward. Or, you can use “WordPress” and a web host like “SiteGround” to make a more advanced blog that can be changed in many ways.
But I think that for most people just starting, Wix is an excellent initial place to start while you get things off the ground. But the key to making this business idea work is to make a lot of good content. If you don’t like writing, keeping up with this type of business will be tough.
Blogging Is The Best Business Idea To Start With No Money
But if you do it well, you can attract a good audience actively seeking this content. If you rank for these keywords, the people searching for them will likely buy whatever you have to sell. Affiliate income is no joke; many people make six- and seven-figure incomes from their blogs.
People think blogging is dead, but there’s still so much untapped market and potential for blogging. Please don’t dismiss this one because it is still a tried and true method to start a business with no money.
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#3. Personal Branding
The third business idea is “Personal Branding.” It is a type of business that is great for generating more business. While it might not bring you money directly, it will make it much easier to make money in the future.
You need to spend a lot of time on social media to build a solid Personal Brand. It would be best if you made a social media account on YouTube, TikTok, Instagram, Twitter, or whatever popular platforms in your country. It would help if you also got the reputation you want to build your influence.
How To Start Making Personal Branding?
Think about what you’re good at, what you can offer other people, and what kind of change and learning you want to help others achieve. So many business people miss out on the chance to create an influential Personal Brand.
People don’t think this is a business, but if you want to start a business in the future, this is a great place to spend a lot of your time. Personal Branding is like free advertising for any company you might start in the future.
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How To Make Money With Personal Branding?
Once you have a certain amount of influence, your product or service will be linked to your “Personal Brand.” It will make it much easier to get started.
Building a personal brand takes a lot of time but nothing else. It doesn’t cost money, but it takes a lot of time. Social networks are accessible. It’s free to post good content.
Requirements To Build a Personal Brand?
Everything you need to start building your “Personal Brand” is free, and you can do it while you’re working another job or doing something else on the side. Is it easy? Not really. But it has incredible potential.
It is the kind of long-term strategy that many people miss, which is why I’m putting it on this list. I think it’s imperative, and if you start building your “Personal Brand” early on, you’ll have a significant advantage in
whatever you do in the future.
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#4. Becoming A Virtual Assistant
The fourth business idea is becoming a “Virtual Assistant.” If you want to work from home and learn how a business runs, becoming a Virtual Assistant, also known as a “VA,” is an excellent way to start.
It is a service-based business where you work as an assistant for a company owner or whoever needs services done. It means that you’ll be doing things like word processing, Excel sheets, and anything else that gives the person who hires you more time.
How Does A Virtual Assistant Benefit You?
I love this business opportunity because it lets you learn about the back end of any company. The person who hires you trains you, and, as a result, you know the ins and outs of the business.
Have you ever heard about Hollywood producers who make deals happen and earn a ton of money releasing blockbuster films? Well, believe it or not, almost all of them started as someone’s assistant. They learned the ropes and eventually rose to do the same thing themselves.
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How To Start A Virtual Assistant Business?
If you are a good assistant, you can learn a lot. You’re getting paid to learn! At first glance, it might seem kind of dull. But there is a lot to learn. Check out opportunities on UpWork or Fiverr in a field you are interested in learning about.
It is the best way to learn about that industry and make money simultaneously. The pay isn’t excellent. You won’t get rich by becoming a virtual assistant, but the most important thing here is to gain experience. You’re still making money, so it’s like getting paid to do an internship.
A Virtual Assistant Business is the Best Money-Making Business
One challenge is that, as a VA, you can only work a certain number of hours daily. But one way to do this on a larger scale is to start a staffing agency where you hire out VAs to companies.
You do the hard work of finding and training VAs who are trainable or have some basic skills, and you take a cut of what they are paid, or you get a referral bonus. By doing this, you are now making money without doing anything.
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If you do it right, becoming a virtual assistant is a great way to make money from home and learn how a business works. You’ll get paid, but you’ll also learn a lot about how to run a business.
#5. Becoming A TikTok Manager
The fifth business idea is “Becoming A TikTok Manager.” Some creators need help negotiating deals, working with brands, and finding sponsorship opportunities. I believe this industry currently has a massive untapped market because of the many growing influencers on this platform.
So, if you’re good at negotiating brand deals and finding opportunities for your clients, there is a demand. People will find you and find your services very valuable. You have to know what the platform is all about, of course. And you need to know how to sell your clients to different brands and companies.
How to Start a TikTok Manager Company
With an average going rate of around 10 to 20%, there is a lot of money to be made. I suggest reaching out to smaller influencers and telling them how you can help them make more money with your services. Your first clients are the ones most likely to tell others about you.
They probably know other creators, so if you do a perfect job for one, they will tell their friends about you. And, if you become well-known, you can grow it and turn it into a full-fledged agency.
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You can start your agency, hire other agents, and add bigger and bigger influencers to your roster. It’s a great opportunity, and if you know anything about TikTok, you know how much potential it has for all these new influencers to represent.
So, guys, you don’t need any money to start a business these days. Some of these ideas are less common than others but don’t knock them. That is what makes them unique. The world has unlimited opportunities. You have to go out and put in the work to make them happen.
Take action, get uncomfortable, start doing things, and learn more. Remember, these are just ideas and the tip of the iceberg with businesses. If you wish to know more business ideas to start, I’ve shared a whole different list of potential side hustles that can help you make money right away. Don’t forget to chem them out.