10 Businesses that Require No Money to Start
10 Businesses that Require No Money to Start
To start a business, one must first count the cost. In business, cost doesn’t always mean money. Cost can be time or any other resources, but more often than not, people focus on their financial strengths before taking steps to venture into a business, and far too many people have arrogated their inability to start a business to lack of funds.
The main aim of a business is to meet a need, that is, rendering a service that will solve a problem. The best thing is to set up a business in line with your passion because whatever is worth doing at all is worth doing well. So, instead of waiting forever to start a business that require large sum of money, it is better to start a business that requires little or no capital and will still be of value. A few of the businesses below are either home based or online, and they can be started even when you think you do not have “what it takes”.
1) Blogging
Blogging requires no money to start save the money you pay to create a blog. In fact, there are some platforms that allows you to start blogging without requiring any payment.
Instead of the normal blogging we is being addressed here, there are also a number of other online activities that can fetch you money such as affiliate marketing, creating e-books, offering online courses and webinars. To own a blog, you must be willing to blog (write) on topics or subjects you’re passionate about and not just focus on the money, otherwise, you may end up not making any money eventually. Beauty, food, and parenting, etc. are some of the popular niches and topical areas that pull a lot of weight in blogging.
10 Businesses that Require No Money to Start
2) Freelance Writing
Writing is forever a marketable skill that can never go out of the market. However, there are various level of writing, you must be passionate and willing to learn. Freelance writing will require that you have a knowledge of SEO writing and have a professional profile with up work or fiver or any other freelance website to be able to meet with clients all around the world.
3) Events planning and management
This business is fast growing and lucrative. There is always something to celebrate and as a result an event will come up for these celebrations, examples are: birthdays, weddings, naming ceremony, etc. Most times when people plan their events themselves, one thing or the other is always left un-attended to, the reason why many prefer to outsource their events planning.
You can learn how to be a professional event planner by reading blog post on it from events manager blog, Lara McCulloch’s Blog and so on.
4) Fashion Designing
If you have passion for fashion, clothing and sewing you might want to consider this business. It is not capital intensive, apart from the sewing machine and some other petty equipment you need to get, you can sew from your home and market online. Once people see that you’re good at what you do, more customers will begin to flow in. You can also enroll for trainings on how to sew either online or offline.
5) House or Office cleaning services
Cleaning services will always be needed in every organization and all it cost is getting the cleaning equipment which you don’t have to do all the time. Someone who is orderly and passionate about cleaning might want to venture into these businesses. Learn how to go about it and how to retain clients by talking to those who have been into it or watching videos on YouTube or taking courses online.
6) Virtual Assistant
It is no longer a news that the world is going digital and everyone should sharpen their skills in that line. Virtual assistance is similar to personal assistance, it only differs by working remotely. So many business men have a lot of work to do and need the help of someone who is a professional at it, that is where an assistant comes in.
You can create a professional profile online where clients who need your service will find you. You might also want to start from your circle, reach out to the so-called busy people, tell them the services you can render for them at a cost and you’ll get to be referred from time to time. Also check online to read more on it.
10 Businesses that Require No Money to Start
7) Language teaching and practice
Chinese, Spanish and French are one of the most selling languages in the world right now. They can be learnt online from Coursera, Udemy and other online schools. You can also learn them from Duolingo. Once you have a proper understanding of these languages you can teach others by organizing tutorials and forming a learning community.
Read Also: 10 Easy Money Making Hacks For Lazy Bones
8) Resume Building
If you have an experience in human resources or have been a hiring manager, you can start up a resume writing firm where you help people create interview winning and job winning resume. You can also learn how to do this online, however you must be proficient at it before starting out. You do not need any capital to start, all you need is a computer/laptop and your smartphone.
Some services specialize in editing existing resumes, while others create new resumes, you can choose to specialize on any of the two or do both.
9) Consulting
Starting a consulting business is totally free, but what you choose to consult on depends on the skill you possess, your area of expertise. Do you have a social media marketing background, or maybe you’ve got legal experience? Start up a consulting firm based on your past work experience.
10 Businesses that Require No Money to Start
10) Programming/Coding
It is very possible to teach yourself programming and how to create apps. This is cost free and just requires interest and dedication. There is a high demand for programmers because of the age of artificial intelligence that we are in. The already built applications we have can’t continue suiting our needs and so there are needs for new ones. Some years back, mobile apps like Canva, Kinemaster were not in the market, but today they are one of the most selling apps.
Skill acquisition is an important bedrock for starting any successful business, so you should pursue getting a number of skill-sets as these will help you leverage on the knowledge gained to start a low-cost business or one that requires no capital at all. Most of the businesses listed above are service oriented and are very profitable with a low startup cost. What is required most is time, passion and dedication. Nothing good comes for free, a price has to be paid and you have to decide on how and when you want to pay the price that’s required for running a successful business.
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