5 Online Businesses You Could Start from Home with a Limited Budget
The internet is a godsend for people who want to live independently. It opens up opportunities to anyone with the determination, willingness to learn, and discipline necessary to start an online business.
Many of the Millenials are making most of it and have started their online business independently or making money online. However, choosing the right business model will be essential if you want to succeed. You can turn your own skills and interests into a business or find a niche and fill the need.
Either way, you’re going to have to explore all your options and see which are most in-demand and cater to your skills and expertise the best.
Here are some great online home business ideas you could start from home with little money.
Starting a dropshipping business is one of the fastest ways to make money online. If you aren’t familiar with the process, dropshipping is when you fulfill orders for a certain product and have the distributor or manufacturer send the items directly to the buyer.
With this model, you don’t have to invest or maintain inventory. You only ship out what you sell. All you have to do is get the images from the supplier, use it in your material, get the payment, pay the supplier, and keep the difference.
However, there are 3 big challenges when it comes to dropshipping.
- The first one is finding reliable suppliers,
- The second is finding profitable products,
- and the third one is finding clients.
Services like Oberlo allow you to work from home by providing both a margin calculator and a vast selection of products you can resell for profit.
What’s great when working with suppliers like these is that they work specifically with drop shippers, which makes the process easier and tailored to you. You can also work with suppliers on Aliexpress or even eBay.
If you want to find clients, the best way is to use PPC marketing either on search engines or on social media.
Instagram can also be a good way to do so if you have eye-catching products and know-how to promote your page.
You also shouldn’t neglect other classical options like print. This could give you the opportunity to advertise your business to people who don’t spend a lot of time online.
Offer Freelance Services
Working as a freelancer is a quick way to make money if you have a particular skill. For instance, if you have a knack for writing, you could always work as a freelance writer. There are plenty of people that are willing to pay for top quality content, and for as long as there will be blogs and websites, there will be a demand for fresh content to populate them.
If you want to find work, you can try online marketing forums or freelance sites such as Upwork or Fiverr. Another option is building your own website and advertising your services on social media sites like LinkedIn or Facebook. You could also build a blog to showcase your work and advertise your services.
Speaking a web design, becoming a freelance web designer is also a great way that you can make money as a freelancer. Even if you have little experience, almost anybody with the slightest knowledge of HTML can learn to build simple WordPress sites using templates. These are also services that you can sell on sites like Fiverr for instance.
If you don’t have the experience, another option is to work with another design agency and work as a reseller. All you’ll need is to get the instructions from your client, get the payment, and have the work done by the agency. You’ll then be able to ask the client for modifications and relay them to your team.
Become a Virtual Assistant
Another niche that you could explore is becoming a virtual assistant. As a virtual assistant, you might be asked to perform a variety of tasks such as answering emails, taking phone calls, correcting work, performing research, and managing projects.
Box Subscriptions Business
Box subscription businesses are booming at the moment, and anyone can start one provided they work with the right suppliers and have a clear plan in place. This concept has been around for some time, but the internet has made it easier than ever.
If you want an example of what a subscription service is, you can look at the Dollar Shave Club. This shaving subscription service has been able to make millions in profit by catering to a specific niche and offering a product everyone needs.
The best thing about subscription box services is that companies will be willing to offer their products at a discount or even for free as these can give them more visibility.
Not only that, but you’ll also have the opportunity to upsell your clients throughout the sales funnel and make more money this way. Another thing you could do is use your subscription service to launch your own product later on, as you’ll already have a base of people to sell to.
SEO/Online Marketing Firm
If you know how SEO or internet marketing works, know that you have a very valuable skill that is in high demand at the moment. A lot of people will be willing to give you money to either teach them how to advertise online or for you to do it for them.
In this case, you could also work with a third-party supplier who will do the advertising for you. However, you will have to make sure that you work with a reputable supplier who’ll be able to deliver results.
Your reputation will be tied to your service, so make sure that you have at least a basic understanding of SEO and only work with proven suppliers.
Get to Work!
All these business ideas can be started from home in no time and with a minimal budget. Make sure that you look them over and see if they could be a good option for you.