I believe you saw this page and clicked on it because you want to find out the best online business you can start with little or no capital investment.
Then, read till the end.
Because I will be sharing with you, the best online businesses that are profitable and yet less expensive to start.
These businesses are very flexible and you can easily start one as long as you have an internet connection. Therefore, It doesn’t matter if you are already employed or unemployed.
1. Online tutoring
Most people prefer online classes to regular physical classes because it allows both the tutor and studies to set their own learning pace which makes it very flexible.
So, if you enjoy sharing your knowledge with people and you are thinking of the best way to go about it, you can start by signing up on any online learning platform like upskill, udemy, and teachable as a tutor.
2. Publishing and selling books online
Publishing and selling ebooks are less expensive than publishing hard copies. therefore, if you enjoy writing, it is very easy for you to write, publish and sell them online at ease.
The best platforms to start this business are; Okadabooks, Amazon, and Gumroad. All you have to do is to write and convert your work to pdf before uploading it to any of the platforms.
3. Selling of photos And designs
Do you enjoy painting or taking photos? then this is a chance for you to turn that hobby into a source of revenue.
There are several image websites online. You can look out for any of them where you can make money from each download.
4. Starting a blog
Blogging is another good business idea. It involves publishing articles and selling your products or services online. It is a great marketing tool for creating brand awareness.
In this business, you need to focus on building a loyal audience because you need to gain their trust before they can listen to you or patronize any product or service you are introducing to them.
5. Selling on eCommerce websites
The internet has made it easy for everyone to sell any item online even without having a physical shop.
You can build a website for your products or sign up on any e-commerce website you can post your products. Some of these platforms include Shopify, Jumia, Amazon, Jiji, etc.
6. Becoming a social media influencer
An influencer is one who has built authority and established credibility in a specific industry using social media platforms and can be able to persuade a large number of followers to act based on his/her opinion.
This business is a great marketing tool most businesses employ when trying to drive traffic to their website. To be a social media influencer, you have to choose an industry where you can easily attract visitors, and also ensure you have an online presence.
7. Starting a podcast
A podcast is a collection of digital audio files that can be downloaded on the internet. With audio recording software, call recording software, and a high-quality microphone you can start a podcast.
You can record relevant topics for your audiences and monetize them either by selling your services to your listeners or by selling another company’s product(as an affiliate).
You can promote your podcast by encouraging your listeners to share your podcast and give reviews and also inviting prominent guests to your show.
8. Writing resumes and cover letters
A great resume and cover letter are one of the things that can help you get a job. This is why job seekers need assistance with writing a perfect resume and cover letter in order to get their dream job.
If you are good at writing good resumes, it is a good opportunity for you to start a business where you assist people to write their resumes and get paid for them.
To start this business, you need to be familiar with the recruitment process and application tracking system.
9. Affiliate marketing
This is a popular lucrative business idea where you can make a huge amount of money. You don’t need to own a product to earn from this business.
You promote other people’s products and earn a commission when people buy them. In other words, you are paid for referring new clients to patronize a business.
There are affiliate programs you can sign up to start this business and they include; Amazon, Jumia, etc.
10. Writing guest posts
If you are a good content writer and you are yet to start your blog, you can still make money with your skill.
Writing a guest post involves writing and submitting your articles on other people’s blogs. There are digital publishing platforms that are open to guest post writers to submit their content.
11. Cryptocurrency & forex trading
This is another best online business you can make money from as long as you understand the exchange market.
This business though very lucrative has a high level of risk, which is why you need to carefully study the market before you can start investing. And it is advisable to start with small amounts.
12. Virtual assisting
Are you good at performing administrative duties? Then this business is best for you.
This business involves helping business owners with tasks like scheduling appointments, responding to their clients, and performing other administrative tasks without being in the same physical location as your client.
Freelancing platforms like Upwork and Fiverr are good places you can start this business.
Then you can upload videos on topics that interest you and get paid when students enroll for any of the courses.
13. Consulting services
This business involves providing solutions that would help an individual or an organization solve a problem related to your field. It could be on health, marketing, finance, etc.
If you have advanced knowledge and experience in any skill, you can create your website or even use your social media platforms to render this service. To start this business, you can start by consistently creating and publishing great content in your field for people to know what your services are all about.
Conclusion
These businesses are some of the best online businesses you can start with little or no capital investment. Also, another great thing about this business is the fact that that location is not a barrier to being successful in any of them. Therefore, you have no excuse for not starting one today!
Nigeria
