mdolla: 7 Online Businesses That Require Little Startup Capital

Starting a business is a dream that a lot of people have. Today, a lot of people are willing to quit their jobs the minute they get an idea that they believe has the potential to grow up and become the next big thing, mostly because they hate their current jobs in the first place and would very much love to stop working under someone else. It’s quite understandable. One of the easiest places to become self-employed and fully established is on the internet. For obvious reasons (convenience, autonomy, easy profits, etc.), working online is often preferable. However, people are at a loss when they don’t know what jobs to engage themselves in. Many are looking for a job that requires little to no startup capital and little to no complex technical expertise, but that will still allow them to make sufficient amounts of money online. Look below for our top 7 online businesses picks.

1. Online Consulting

This might sound like the usual gist around but its widespread characteristic doesn’t diminish its veracity in the slightest. Consulting, no doubt, is one of the easiest businesses that you can start with very little capital. You don’t need to have any complex or additional skills that are difficult to learn. All you need is what you already know; this could be your usual area of expertise or what you studied in college and are good at. There are people out there who need your knowledge, and consulting is the way to help them. They get knowledge, you get paid. Simple.

2. Social Media Marketing

This is a job that truly isn’t for everyone. Social media marketing works mainly for people who have massive numbers of followers and a wide audience on social media platforms. Usually, how it works is that you meet a brand, business or service provider who has just launched a product they see as revolutionary and needs awareness and publicity. On your social media platform, you advertise their products and they’ll remunerate you for a job well done. This business is also direct and has the potential to yield you huge returns. However, as stated earlier, you will need to have huge number of followers on social media to succeed.

3. Online Retailing

Online retailing is quite simple. Although you might need the services of a skilled web developer to start this business, it still qualifies as a profitable little-capital-required online job. A good example of an online retail service is Gifted Shirts. Another idea is that you could be in charge of managing an existing online retail service. A lot of online retailers who have difficulties in getting customers could be experiencing such hardships due to bad management, and you could be a perfect fit for such positions.

4. Content Writing

Similar to blogging and website management, content writing will allow you to help people with websites and other online platforms by generating attractive content that’s sure to attract more readers and increase their customer base. This can earn you huge sums in return. However, if you have difficulties in writing or you can’t find a client who is willing (and rich enough) to employ your services, you can begin a business that employs creative writers. That way, you’ll serve other bloggers and website owners with the content created by your writers, whether online or in the real world. You have the freedom to put up any content: stories, sales pitches, articles, news, etc. Quite simple, but with the potential of reaping heavy rewards. Which brings us to:

5. Blogging

Of course, we’ll add blogging as an option. Blogging really needs no huge capital investment, but for you to be an efficient blogger, here are a few tips:

Make your content original and verified. A string of false content will make you bleed visitors.
Get information real-time and before others. It really helps.
Understand that your blog is your life. It requires hard work and a WHOLE LOT of dedication.
Even when you don’t seem to be making any money, keep at it. The readers will come, and subsequently, more money will come too.

6. Social Media Management

This is another job that would be a perfect fit for a social media enthusiast. These days, companies use social media platforms to market their goods and products, and in managing these accounts, they sometimes realize that it is cost-effective to employ outside contractors instead of hiring full-time social media marketing staff. This job could benefit those who have a passion for social media use and who have effective management skills. No startup capital or additional complex expertise is needed.

7. Customer Service Management

Customer service management entails helping websites and online retailers to deal with clients’ complaints and questions. You could also take note of constructive criticism and use these ideas to help your clients better their business operations and provide premium services to their clientele.

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