The rise of the internet has made it a lot easy for anyone to start a business online with minimal cash. It is quite easy to get started and most time requires little investments, you practically have nothing to lose and everything to gain if you give it a try.
There are a lot of internet start-ups making waves and raking huge amounts in investments and funding. You necessarily do not have to go down this route to make money online. Most online businesses do not need funding or huge start-up capital to hit the ground running.
In this article, we would be highlighting five online businesses that you can start at less than $100. Some of these businesses are completely free to start and do not cost a dime.
Feel free to go through all the ideas explained below and have a look at the ones that might interest you and might be worth your time.
Blogging is considered to be one of the easiest ways to get going online with the help of a personalised website. By creating contents and putting your basic skill set to use, you could be on your way to creating a brand that could grow rapidly even beyond your wildest dream. Your ability to generate traffic to your blog is the singular determining factor for how big your blog could grow. The bigger the blog, the greater the advertising revenue you stand to derive.
The major advantage of blogging is that a large majority of websites available on the internet these days are developed using WordPress’s free Content Management System (CMS) platform. What this implies is you only need a web hosting service and a domain name to have a completely customised blog of your own up and running. The domain name is usually free while web hosting costs as little as $30 a year.
2. Offer your services on Fiverr
There are micro job sites that allow users to develop an online business for pretty much any service they have to offer. Fiverr.com is one such website that offers this service. On Fiverr there is an advertisement for small jobs ranging from content creation to SEO and even copywriting, it all depends on what you can do.
Fiverr is a typical example of a web platform with a large audience already available and also waiting for you, you do not need to own a blog, a personal website or even a social media profile to get started. All that is required is you create an account, get active, get some new clients on-board, receive positive reviews and you could be on your way to making six figures annually.
The best part of it all is that it’s free.
3. Running a Podcast
For those already into blogging, you could decide to take your audience engagement and content creation a notch higher by running a podcast. Podcasting is a rapidly evolving industry in which advertising revenues are increasing in exponentially as brands and businesses are looking to be featured on trending programs and podcast.
One major advantage of podcasting is that online audiences these days prefer to consume contents via video and audio rather than text. With over a billion websites available on the internet today, ranking search results have become very competitive, thereby making it quite difficult to attract visitors to your website. As podcasting is still relatively new, it presents a fantastic avenue to get people on board and grow into a renowned brand in the process.
Starting a podcast is simple, all you need to do is record an audio podcast onto your mobile device and upload your podcast to the internet. Get a very good microphone from Amazon for less than $100, and you are good to go.
4. Affiliate Marketing
There has been this buzz around Affiliate Marketing, but in reality, quite a few people understand the concept behind it. To be an affiliate marketer, you have to belong to an affiliate marketing program where you can earn a commission for every sale or lead you can attract to the website which in most cases are e-commerce platforms. The major advantage of affiliate marketing is that you do not need to have physical inventory in the store, or liaise directly with customers or participate in the fulfilment of an order. Your main job as an affiliate marketer is to attract customers to a website with superior content while ensuring your advertising costs are far below your revenue.
With $100 you can sign up for an affiliate program, then begin to run ads based on the business you sign up with. Your goal is to ensure your ads run long enough to generate traction and revenue in the process. It is ideal you start small and increase your advertising budget as you grow.
5. Freelance Writing
In my opinion, Freelance writing is one of the easiest ways you would ever make money online. The internet today is driven by content. Content is key in today’s world, with over a billion active websites the demand for freelance content writers is enormous. There are several online marketplaces where you can register and get paid for writing. These contents are usually demanded by other site administrators, brands and blogs.
The upside to freelance writing is that you don’t have to incur any cost while setting up. There are loads of freelance writing marketplaces you can register online for free. Although, if you have $100 to spare, you could set up your own freelancing portfolio and you are up and running.
From the businesses listed above, it is evident that there are several ways to make money online with less than $100. It is important that we remind ourselves at this point that information without action yields no result. You have gone through all the ideas listed above; if you do not take action, it is as good as you not reading through.