Many people dream of starting their own business, but they simply don’t have the capital to invest in a bricks and mortar business. Thankfully, due to technology, there are many options that don’t cost a lot of money to get started.
1. Virtual Assistant
You may think there is too much competition out there to become a VA and that you can’t make a good wage. But the truth is, you can. You just need to think outside the box a little. Instead of joining a freelancer site and competing against others who can work for peanuts, think more locally. Decide the types of services you can offer virtually and start offering them locally.
You may need to get a license but it’s simple enough to do by studying and taking a test at a testing center. Once you get your license you can start marketing yourself to local small business owners. You may need to stop by their business on a weekly basis to pick up information, or there are remote online systems that you can use to get into their bookkeeping software.
3. Online Business Manager
Believe it or not, many people who run online businesses need online business managers. An online business manager does pretty much what a business manager for any job does. They just do it online. They manage resources and people to lead the business to the goals set by the owner. As an online business manager, you will likely be responsible for organizing, planning, and finding the team to implement the goals that the owner wants to meet.
4. Amazon FBA
FBA stands for Fulfillment by Amazon. There are many ways to enter into this business. There is a lot to know about this business, but there are courses that you can take to help you learn how to run an FBA business. It’s an amazing opportunity and can lead to a very profitable business from home where all you do is buy products, list, and send to Amazon, and they do the rest.
5. Affiliate Marketing
An affiliate marketer is someone who advertises and promotes someone else’s products or services, and when they make a sale they get a cut or a percentage of sales.
Affiliates for digital products usually make about 50% on sales, while physical products usually are lower than 10%. Having a mix of both types of products is a good way to offer your audience plenty of choices, but plenty of people make a lot of money doing either one – depending on how big their audience is and how good they are at reaching them.