Scalable Online Business Ideas Passive Income: 4 Tips to Make Money with Zero or Cheap Investment
If you're looking for a startup business, e-commerce or online business is an excellent idea. All you need is a computer and reliable Internet connectivity, along with creativity and skills.
Many online businesses require little to no investment at all, and you can also find ways to earn a passive income. Check these tips on how to make money online without needing a significant amount of capital.
Web Content Writing
Writing is a profitable skill, and if you love to write blogs, articles, or press releases, you can earn from it and start your online writing business. Your potential customers include local businesses in your area and even your families and friends who don't have time to write and update their social media page or personal website.
Here are the facts about web content writing:
- You need to know your niche so you can specialize and market your writing services better. Some of the popular writing niches include SEO, health and wellness, IT and gadgets, e-commerce business, and sports and fitness.
- Equip yourself with knowledge on how to integrate SEO with your writing to generate traffic and leads through online resources such as https://www.journalreview.org/.
- One of the required skills you need for an online writing business includes English proficiency, which involves advanced knowledge of spelling, grammar, and sentence construction.
- You need to download and use online tools to help you produce high-quality output, including grammar and spelling checkers such as WordCounter and Grammarly, plagiarism detectors such as Copyscape, SEO and keyword tools such as LSI Tools, and title capitalization tools such as Capitalize My Title.
- For a startup, you can offer writing services to your loved ones, colleagues, and acquaintances. As you gain experience, market your services through social media and your business website to gain more customers.
Social Media Marketing
If you're fascinated with and interested in how social media marketing works, consider learning social media marketing. Facebook marketers, Instagram specialists, and Twitter account managers are increasingly becoming in demand, providing a good source of income to many aspiring freelancers. Once you gain enough experience and skills, you can start your own business in the field of social media marketing.
Check the following preparation tips to become a social media marketing expert:
- Read informative articles and watch YouTube videos about social media marketing.
- Take online courses and become certified as a social media expert. Become Facebook certified and obtain a professional certificate by taking the Facebook Advertising Core Competencies and the Facebook Certified Buying Professional tests.
- Self-study and learn how to use the best social marketing tools to monitor progress and metrics, such as Buffer, which allows you to schedule posts in different social media platforms with a breeze. Sprout Social is also another helpful tool to help delegate and coordinate tasks to your team members seamlessly.
Virtual Assistant Services
Stay-at-home moms don't need to work in an actual office anymore because they can work at home as a virtual assistant (VA). You can work with one or more clients to do administrative tasks, such as hiring and recruitment, sorting files through Google Drive and spreadsheets, preparing media presentation, timesheet management, and research work.
Here's how to start your virtual assistant business:
- Prepare by reading articles and watching video tutorials on the key tasks of a VA.
- Take a virtual assistant certification course to show proof that you're a professional VA. It will help establish trust and confidence with your potential clients.
- Decide on your business structure or services you'll offer, such as customer support, data entry, transcription services, bookkeeping, project management, and managing product launches. Also, decide on the pricing structure, such as a per-hour rate or a per-day rate.
- Launch your VA business website and promote your online presence. Create an account on online job sites such as Fiverr, Glassdoor, Upwork, and Indeed.com to contact and gain potential clients.
Affiliate marketing is a trending online business. You need to have a secure website, post informative and engaging contents, gain enough traffic, contact different businesses so you can get permission to promote their products and services, and then you earn a commission for every successful sale.
Here's how to start an affiliate marketing business:
- Come up with a product idea that showcases your niche, such as a dating site.
- Create content or products and services that people will be interested in, such as dating site reviews, dating tips and tricks, and dating profile writing services.
- Find affiliate program partners through different platforms, such as Amazon and ClickBank. For example, check the top sellers for dating and relationship books, such as The Tao of Badass, in ClickBank to become an affiliate partner.
- Promote your affiliate partner’s products on your website and social media accounts to encourage people to purchase them.
You can make money online through different income-generating methods. Starting an online business is not easy as it may seem because you need to do the tasks yourself first to have an idea of how it works, but once you're able to have a good grasp of the ins and outs, you can start your own online business based on your interest and passion.
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