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5 Online Business Ideas You Can Start Without Any Capital - Business - Nairaland

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5 Online Business Ideas You Can Start Without Any Capital by chibestjerry(m): 2:44pm On Apr 15, 2020
5 ONLINE BUSINESS YOU CAN START WITH NO CAPITAL

Following the pandemic that has surge the world and has cause most nation to declare a total lockdown, many financial institutions will be affected due to this, most businesses will struggle due to effect pandemic (Coronavirus), many people has discovered the need and advantage of working from home; no traffic jam, no pressure, you are your own boss and you get to set your own rules and working hours.

Learning an online business can be tricky and challenging without a guide or a mentor to clear the path for you.

But the good news is there are some online business you can definitely start on your own.
We have combined a list of some online businesses you can do to meet up your financial need and possibly became a millionaire.

Affiliate marketing
One of the easiest ways to make money online is through affiliate marketing. The best part is that you can literally start with little to no capital all you need is a smart phone or a PC.
An affiliate marketer is essentially someone who receives a commission for promoting other people products or their services, the best part is that you don’t have to develop any products yourself, all you have to do is to offer the product for sale on your blog or e-commerce website if you don’t want to run a blog nor an e-commerce website then you can use a pre-landing page to promote the offer. Each product has a unique link that tracks you back to your affiliate partner. Anyone that clicks the link is taken back to your partner shopping cart for checkout once they buy, that purchase is recorded and you receive a commission.
Commissions are of different ranges depending on the product being promoted though it can also go up in stages according to how many products sales your clicks generate. The top commission rank from 8% to 25% or even 50%, that adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission.
For example, Adcombo affiliates can potentially rank in obscene amounts of commission dollars. All it takes is to simply sign up as an affiliate partner and start promoting their offers using your special link, and you can get a commission for each product sold without lifting a finger or trying to convince a customer.
There are many reliable affiliate networks available, Affiliate networks like Adcombo, Clickbank and Amazon Affiliate have high commission payout.
Being an online affiliate can be a great way to create a passive income for you and your family.
You can start today by joining Adcombo here

Programming
Programming no doubt top the list of the highest paying online skills, due to their skills are almost require in all technology advancement around the world today, most people think of programming as rocket science but the good news is that you can learn programming on your own, you can start with C++ and Java. There are many free manuals on the internet to help you kick off.
What do Computer programmers do?
They write code to create software programs. They turn the program designs created by software developers and engineers into instructions that a computer can follow.
Smartphones are everywhere, the urge for new and creative apps are increasing more than ever. People are using countless apps every day on both Google Android and Apples Iphones and most of them are selling like wild fire.
So taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop, just your coding skills. Apps can make thousands in Ad revenue each month for their creators, making them another great passive income strategy.

Forex Trading
Foreign Exchange also knowns as FX is simply the exchange of one currency for another in the expectation that the price will change, more specifically, that the currency you bought will increase in value compared to the one you sold. An exchange rate is simply the ratio of one currency valued against another currency. All you need is a forex broker to register with and select your currency pair and start making money, there are many forex broker out there we recommend that you make a thorough research and know the reliable ones.
Currencies are always quoted in pairs, such as EUR/USD or USD/JPY. The reason they are quoted in pairs is that, for every foreign exchange transaction, you are simultaneously buying one currency and selling another.
If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. In a simple term you buy EURO and Sell USD.
Some people do consider forex trading to some extent a risky business idea. Which is very correct, but as the popular saying goes no risk no gain, there are many forex schools online that you can join and gather more knowledge we recommend that you start small and keep learning Babypips is a great place to start as a beginner.
Forex trading has made people millionaires from the comfort of their home. You can be the next forex millionaire.

Blogging
Become an Expert Blogger

Blogging is the easiest and one of the lowest cost online business you can start from the comfort of your home, you can literally start with nothing all you have to do is host your site on your choice host, we recommend blogger (blogger.com) for a start as it is totally free, you can start with their sub domain (.) or you can buy your own domain name at Namecheap (namecheap.com) at a cheaper rate.

You don’t need to be some genius computer operandi to launch your own blog. However, it is important to be good at writing contents or hire a content writer that will captivate your visitors, (I wouldn’t recommend reposting other people news or article as it diminish your chance of getting rank in search engine), over time you will start developing your own audience.
Running a blog does not instantly make you a millionaire it takes time and consistence.

There are two major ways to monetize a blog.
Promote Affiliate Links.

We have talked about affiliate marketing, all you have to do is to create a product review with a useful content that will captivate your audience and then include a link to buy the product under an affiliate link, with a bit of promotion on sites like Twitter, Facebook, Instagram and eventually organic traffic, there’s no limit to the amount of money you can make, as the traffic grows so will the figure.

Google AdSense
If you do visits websites there a chance that you will notice Ads on it, chances are it is being run through the google advertising network.
Each time someone clicks on those ads, you make a few cents or more (don’t worry cents do add up quickly). If your contents are good and your visitor increases in number, chances are that you can pull $100 to $500 a month on google ads.

Other Blog Ads Network
The good news is that you can work with other Ads network other than google. Ads network like propellerads and Blogads can run advertisements on your site and once those ads got click, you get paid. Unlike google ads some of those Ads network requires your sites to be ranking at least 500 visitors a month while on google ads network you can start as soon as you want regardless of the amount of traffic you get all you have to do is apply.

Another means to make profit on your blog is by attracting key advertisers to promote their products/services on your blog. Blogging is big business if you have the passion and patience to run it.

Content writing
Are you passionate about writing, then becoming a content writer is a sure way to earn money online.

Who is a content writer?
A content writer or web content writer is a person who specializes in providing relevant content to meet a specific target audience either for websites or to write about products description for catalogues.

Every website has a specific target audience and requires the most relevant content to attract business. Content should contain keywords (specific business-related terms, which internet users might use in order to search for services or products) aimed towards improving a website's SEO. Most content writer works from home, make their own schedules and work as they please, all you have to do is register with a freelancing company like fiverr.com, freelancer.com, guru.com or upwork.com. There are many company in need of contents writing, you can write 1000 to 1500 words for $50 or more depending on the niche.

CONCLUSION
The internet is overflowing with money making opportunities, though making money online for most people is like a side hustle to them. The internet can serve as another major source of income. Everybody wants a good life but not everybody can create an avenue for the good life they want.

There something for everyone, pick any of these online business we listed above and start earning income right away.

https://www.buddiescent.com/2020/04/5-online-business-ideas-you-can-start.html

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