So, what is the best online business to start with no money at all? Well the first things which spring to mind are YouTube and Hubpages. With YouTube you can start generating content and uploading it. Over time and lots of regular and useful videos, you’ll see some traffic and gain some subscribers. Then, you can simply promote affiliate products to your subscribers and viewers. See clickbank autopilot money making software.
Clickbank is good because you can choose products to promote and there’s no fees involved. But like any affiliate program, you only get paid when you sell. So traffic will be your main problem, and buyer traffic at that!
Making Money From YouTube
Making money from YouTube without spending any money is a long term strategy. You’ll need to get busy uploading loads of content to build an audience. But before you start, choose an affiliate product or products which is in alignment with who you are and what you are about. This way, creating content which is in alignment with your products should be a lot easier.
Choose products you would want yourself. People like people who are like them. So to create a following, you’ll want to talk about things which you like and ideally, know about. If you don’t do this, your videos might lack congruence and authenticity, and this can effect your traffic and sales. Be yourself, whatever you do!
Best Online Business To Start With No Money – Hubpages
Keep in mind that having no money at all is severely limiting with an online business. Imagine starting a real bricks and mortar business with no money. No advertising, no staff and no business premises. What do you expect the outcome to be?
With an online business, it is possible to start with no money at all though. However, you should be prepared for some serious work to get the traction you need.
With an online business, your main cost is advertising. With free advertising such as Hubpages articles and YouTube videos, for example, you’ll need to work very hard and for a very long time to get any traction. Plus you’ll need to find the right audience for your products through creating content. Working smart is key though.
Ideally if you can afford to build a website of your own, this is worth doing. See create free website and earn money. This costs next to nothing. You’ll just need to buy a domain name and pay for hosting. But overall it’ll cost you less than $10 a month. Anyway, on to Hubpages.
My first online success came from using Hubpages to write content and link to affiliate products. I wrote a review about a product I had bought. It was a website building software and it sold for about $100, making me $40!
Digital products pay a larger percentage of the cost. So use those kinds of products. Don’t choose low value physical products because they only pay 3-10% commissions. So you’ll need to sell a lot of them to build a business. (More on this later).
Best Online Business To Start With No Money – Build A Review Website
A review website is probably the best online business to start with no money. Why? Simply because reviews are the things people read just before they purchase something. They just need a bit more information about some product before they buy.
Once they make the purchasing decision, they purchase through your affiliate link. Hey presto, you’ve made a sale!
Many affiliate marketers fail because they don’t get this bit right about their content. They write about things which don’t attract targeted buyers. So much of the effort is wasted on people who aren’t interested in their affiliate products. With a review site, you know your visitors are interested in the products you sell, so straight away, you’re ahead of many other affiliates.
One review website which is a particularly good example is Martin Lewis’s MoneySavingExpert.com. Yep that’s a review website! It’s a website which helps people make great decisions about their finances and leads them through to products and services which can help them save money.
Building a website is a cheap way to start an online business. Your main task once you’ve built it is to bring people to it. Traffic is key for a monetised site and your visitors need to be ready with their credit cards in hand! That’s why a review site is a good idea for an online business if you’re on a budget.
What Would You Love To Be Doing?
A good question to ask yourself is what would you love to be doing. If you like writing, then using a blog posting site like Hubpages is a good idea. If you like creating videos, YouTube might be for you. Perhaps you like interviewing people? Maybe creating podcasts is the way to go.
Remember with an online business, you can choose many routes. The main problem with having no money is traffic and getting eyes on your content. Paid traffic is the fastest method of building an online business, but expensive – especially if you don’t know what you’re doing!
So if you’re going the free route, expect a lot of hard work before you see any tangible results in terms of income.
Choose Products Which Help You
There’s a couple of ways to choose products which help you as an affiliate marketer. Affiliates promote other people’s products for commissions on the sale. When I started out as an affiliate, I needed to learn some marketing strategies. So I bought products which taught me marketing.
If you want to get some training sign up to the workshops on this site. Or, use a product which helps you learn about traffic generation. Checkout my ebooks Niche Blogging For Profit and The Ultimate Guide To Online Marketing which are completely free.
Another way to choose products which help you is to look at those which offer recurring income from sales. Recurring commission affiliate programs are good for affiliates because they give you ongoing income from previous sales. So even from few sales you can start generating an ongoing income. This can help dramatically in the early stages of an online business – especially if you’re got a limited budget, or you’re starting on a shoestring.
If you’ve enjoyed this article I’d really appreciate it if you shared it or left a comment below. Plus if you’ve any other thoughts or ideas to share, I’d be interested!
Best wishes with your online business empire!