How to start an ecommerce business with zero or no investment
The internet is an incredible resource. In business specifically, it has made everything easy. Anyone can start a lucrative online business—anyone with a computer. Today there are many tools you available which you can use to build an online business with inbound online marketing that makes the technical work significantly easier than it was before.
You can likewise live anywhere you want, set your very own schedule, and work as little or as much as you need, based on how quick or big you want your business to grow. No business or marketing experience is required either.
Best of all, unlike a brick-and-mortar business, you don’t require a lot of startup capital. Actually, you can get your organization up and running with no cash at all because so many free services encourage the possibility. For instance, you can set up a blog or an ecommerce website for free using Builderfly or WordPress.
And this is only the beginning of the many available no-money ecommerce startup solutions. Let’s consider four of the top approaches to start an online business and make money online with little or zero investment at all.
This business is great if you are good at selling something. For affiliate marketing, the site is not necessary however great to have. Now you need to pick some products where you can get amazing commissions. You need to sell the product from your website or with your link and you will get a cut for each deal.
For instance, Amazon offers an affiliate commission on its products. Now if you have displayed a banner of a recently launched book on your website and someone buy that, you will get a commission on that.
So in affiliate marketing, you don’t need to build up any product or provide any service and still, you can make good money. You can discover good products on portals like ShareASale and Clickbank to promote and get great commissions.
Podcasting (Minimal investment)
Podcasting has turned out to be popular in recent times with a lot of people starting up new shows every day.
Fortunately, as the business continues to grow in popularity, a ton of podcast hosts are finding many brilliant ways of monetizing their shows, incorporating landing extraordinary deals with advertisers and selling services and goods to their audience.
In the marketing industry, the minute you mention podcasting, John Lee Dumas’ name will consistently strike as he has built an inconceivably successful business around his podcast.
John hosts Entrepreneurs On Fire where he offers lots of useful information on entrepreneurship and business.
Dropshipping (Minimal investment)
You don’t need a warehouse loaded up with inventory to maintain your own business.
Dropshipping is a decent way to start your own business on a budget without owning a single item. You simply need to get pre-existing items from a supplier and let them deal with everything else, including satisfaction, packaging and dispatching.
With dropshipping, you can run your business from anyplace because you needn’t bother with a warehouse. Your store doesn’t need to stock products in any physical location.
When someone buys an item from you, you make an order with a third-party on behalf of your consumer, and the third-party handles everything else.
Launch An Online Course Or Membership Site
Building and selling online courses is a fantastic way to create a passive income.
Even though it’s one of the most provoking ways to make money online, if you’re able to make a popular, value-filled, and enlightening video tutorial, you will be making a profit from it for quite a while.
To launch your own online course, you first need to think about a decent topic you understand very well and can simply teach someone without any preparation. It could be anything – bead making, web development, list building, dog training, mobile app development, and so forth.
The next thing to do is to get a video editing app like Camtasia which makes it simple to make professional-looking videos. After that, all you should do is upload it to someplace and promote it.
A good example of someone benefiting from this business model is Jon Morrow of Smart Blogger. Jon has launched numerous online courses throughout the years including Guest Blogging Certification and Serious Bloggers Only.
Putting It All Together
The trick with any online business is to ensure you’re in a profitable niche market. So be sure to watch out for trends, check out bestseller lists on sites like Amazon, and think about what people are talking about on social media.
Important: One thing to remember is that you don’t need to restrict yourself to only one of these ecommerce opportunities.
Begin with one and get it going. Then add new revenue streams as you’re capable. That will grow your income and guarantee that you have something to fall back.