Starting a profitable business and making money online
is easier these days than ever before.
But there is one thing that holds so many people back
from ever getting started and that is money to start a
business when you have $0 to get started started.
So many businesses require costly investments upfront for
purchasing products, buying memberships, paying for subscriptions on
platforms to even set up your shop.
Today, I want to tell you five profitable
business ideas that you can start with $0
into what exactly those businesses are.
I want to let you know that
there are a few nonnegotiables here.
There are a few things that you must be 100%
invested in in order to actually make any business successful.
Number one is that it's going to
take hard work, dedication and consistency.
This means that once you get your business
set up and running, there is no sleeping
on the job, there is no lying around.
You must get to work on
driving traffic to your business.
So you must invest time in free
marketing methods such as utilizing platforms which
allow you to reach large audiences for
free, such as TikTok, Pinterest and Instagram.
Yes, in the future you can get to
a point where you're working less and no
longer trading your exact time for money.
But in the beginning stages of starting a
business, hard work and consistency is key.
Number three, you will need to set
up your business legally and also plan
smartly for your self employed income taxes.
The first profitable business idea that you can start
for $0 is something that many influencers and YouTubers
are talking about, but few are telling how to
do it for free, which is drop shipping.
Popular YouTubers are sharing their stats and showing
that they are raking in over six figures
in drop shipping, but most are utilizing paid
platforms in order to set up their store.
To do this for free, you can utilize
big cartel to create a free online store.
Next, search TikTok for the hashtag Tik Tok
Made Me Buy It or similar related hashtags
to get popular product ideas that are trending.
Then locate the product on AliExpress.
Make sure that you look for the product ship
time to ensure that you are choosing a product
that will actually arrive to your customers within a
reasonable amount of time because many will not.
Next, create a TikTok account for your business
and post at least one brief under ten
second video per day featuring the product.
With using this free startup, you will be able
to start for $0 and will need to manually
place the orders with AliExpress to ship to your
customers once they place their order with you, so
it's not going to be fully automated.
So you will likely want to migrate over to using
a paid platform such as Shopify or Wix later on.
But this method will allow you
to start for free right away.
The next profitable business idea that you can
start for $0 is teaching on Outschool.
Outschool is a platform which allows anyone
to teach what they know to students.
There are classes for everything, including
making pretend treasure maps, art projects,
coding, cooking, and much more.
If a child or parent may be interested
in your class, you can teach it.
There are no credentials necessary and many Outschool
teachers make six figures with popular courses.
As the platform draws in its own target customers.
You have access to ready to book customers
with little to no marketing as long as
you create an appealing course with a good
description, visually appealing thumbnails and focus on the
subject or skill that you can teach well.
So how much are teachers
potentially earning on out school?
Well, because there's a variety of different classes and
each teacher sets the rate for their own class.
I'm going to pull up one
and calculate it out, for example.
So let's calculate out this ballet workshop
and see what this instructor is earning.
They are charging $80 total for a series of
four classes, which equals $20 per class per learner.
This class has a maximum amount of 14 students per
class, so let's multiply this times ten just in case
there were a small amount of students enrolled.
So 20 times ten is going to equal $200.
Now Out School charges a 30% fee, so this
instructor actually only takes home 70% of that $200.
So if this instructor was able to book
ten students at $20 per student, then their
take home pay here would be $140.
Their class length is 55 minutes, so before
taxes and deducting any of your expenses, this
would be an hourly rate of $140.
The next business idea is becoming a freelance writer.
Creating articles on Medium is free.
You do not need a paid subscription and once
you have 100 subscribers, you are able to enter
the Medium Partner program, which will result in being
paid each time someone reads your article.
Once you have built up a collection of
articles, Medium will begin to track your niche
and suggest your content to more readers.
To get your work in front of more viewers,
you'll want to submit articles to publications on the
Medium platform in order to get more exposure.
Creating consistent niche down frequent content
here is going to be key.
Now, the next profitable business idea that
you can start for $0 is publishing
low content books such as Journals, Work
Books and Planners on Kindle direct Publishing.
Publishers who create a large library of low
content books for sale can earn sixfigure incomes
if they devote enough time to creating a
large variety of books available for purchase.
Set up a free membership with Canva
in order to quickly design your book
covers and use their free design elements.
As long as you're creating your own design with
those elements or changing the original slightly, then it
is completely free to sell products using canvas elements.
According to their terms of use.
Set up a free trial account with Bookbold and
create and download your interior pages in various sizes.
Next, create a free account on Kindle Direct
Publishing, otherwise known as KDP, which is Amazon's
in house publishing company, and publish your books.
It is free to publish on KDP and you
will even receive an ISBN number completely free.
The last profitable business idea that you can
start is selling digital downloads on Etsy.
There's a wide variety in terms of what type of
digital downloads you may want to sell and create.
Many customers are looking for a product that
they can download and print themselves in order
to save money, such as wallprints planners or
even table numbers for events, etc.
Many are looking for downloadable templates that they
can customize for things such as social media
content, business documents such as invoices marketing materials
or informative guides, and others may be looking
for educational materials such as home schooling materials,
art projects and more.
The variety here is endless.
Now, listing on Etsy isn't exactly 100% free.
I'm including this in the free business Ideas to
start, but Etsy does charge you a very small
20 cent fee to create the listing.
So this one is not quite $0, but almost $0.
This shop has had over 200,000 sales and if I
Scroll down to the bottom of their sales, I can
see that their first review was left in 2014.
So if the shop has had a total of roughly 201,000
total sales and their average product price is $4 per digital
download, that means that the shop in total has taken in
a gross amount of sales in the amount of $804,000.
Now if the shop has been around for
seven years, that means that on average, each
year they made $114,000 in gross sales.
Lastly, I want to show you a shop
that has only been around for one year.
You can see their total number of sales
here and they are creating wedding related products
and this is a save the date template.
Now, the shop has only been around for one year
and in one year they have had roughly 152,000 sales,
times an average product price of about $4.
That means that in one year
the gross sales has been $608,000.
If you need to design or format your product,
use a free account on Canva in order to
create the guide, the template, the PDF or whatever
it is that you are creating.
You can also utilize Canva in order to create mockups
showing the product in different ways in order to make
the product more appealing and clickable on Etsy.
Do fees once you make the sale, but listing your product
on Etsy will allow you to reach more buyers who are
already searching on the platform and is a bit easier to
access a wider customer base than simply starting on your own
website where no traffic is being driven.
Ok you guys, I hope that was helpful.
Please view the links in the
video description down below click while.