Who hasn’t dreamed about launching their own online business, making your work schedule, and working remotely from anywhere in the world?
But what’s stopping you from moving forward with that plan? How come you’re not doing it already?
Well, suppose you’re like most people.
In that case, the most significant thing holding you back is often the misconception that you’ll need considerable savings to launch the online business of your dreams successfully.
However, this isn’t anywhere near the truth!
There are many different ways to launch an online business without spending a single dollar out of your piggy bank!
Keep reading, and we’ll explore some of the simplest and most cost-effective methods for starting an online business without spending all your savings!
Start A Freelance Business
Freelancing is easily the most essential item on this list.
Why?
Because there are hundreds of different ways you can launch a freelance business depending on the skills you already have.
For instance, maybe you’ve got a craft imagination.
In that case, why not launch a freelance copywriting business, or find websites that will pay you to blog for them?
Or, maybe you’ve just always been super interested in social media, spending more time scrolling your feed than you do with your family.
In this case, you might start a freelance social media marketing agency, where you can work with small businesses from everywhere around the world to promote them on social media!
Regardless, there are many massive freelance platforms, such as Upwork, Fiverr, and Freelancer, where you can build a profile and then start bidding on jobs to earn money!
And the best part is that you won’t need to spend a single dime out of your savings!
Earn Through Affiliate Marketing
Affiliate marketing is a great way to launch an online business without spending any money on building up your inventory.
Essentially, with affiliate marketing, you’ll promote other people’s products and services to your online audience. Then, when one of your website visitors completes the purchase of an affiliate product or service, you’ll earn a commission of that sale.
The best example of affiliate marketing is the Amazon Associates program.
Through Amazon Associates, virtually anyone with a website can promote any product available on Amazon.
You can still create your branding, company logo, and other marketing materials, but rather than having your inventory, you can promote virtually any products you want!
For this, you’ll simply place affiliate links on your website or social media posts that lead your viewers back to Amazon.
But the best part is that they don’t need to purchase the product or service you’ve linked to. Thanks to a tracking cookie, if that person completes the purchase of ANY Amazon product within a 24-hour window, you’ll earn a commission on the sale!
Dropshipping
Similar to affiliate marketing, dropshipping is another excellent way to sell products online without actually investing in an inventory.
Through dropshipping, essentially, you can build an online store, where you’ll display products sold from major suppliers, such as Ali Express. This way, you can set your prices and shipping policies.
Then, when a site visitor buys one of these products from your site, the order is automatically received and fulfilled by Ali Express (or the supplier of your choice) and sent to the buyer.
Online Business Ideas That Don’t Cost A Dime
Of course, these are only a few examples of online business ideas that won’t cost you an arm and a leg to get started.
That said, with affiliate marketing and dropshipping, you may need to make a small investment to launch your site and get things running. This cost, however, is small compared to what you’d typically expect to spend when launching a business.
Then, once you’ve established your website and your process, you’ll be able to sit back and proudly say that you’ve launched an online business without emptying your entire savings account!
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