The internet is a vast market space where we have virtual access to people with means to interact and earn money online. One doesn’t have to travel to an office or store anymore, to make money. The good part about wanting to earn money online without investment is that in most cases, it actually doesn’t require ANY kind of an investment. Yes, you heard that right! Legitimate online businesses help you earn money online without investment and there are quite a few companies who practice this.
What you primarily need is a good set of skills, time and dedication. In this article, we would like to answer a few questions just to give you a clearer picture:
- How much money should one invest to earn money online?
- How can one support their families financially through online jobs?
Earn Money Online with Zero Investment
The traditional way of earning money has always been about going to offices. Having said that, technology has brought a paradigm shift in the way people can earn money. It has given rise to several online business gigs. These independent business opportunities just require a phone or laptop with an internet connection. That’s why people are now looking for ways to earn money online.
Internet jobs give salaried people, a part-time opportunity to earn supplemental money. If you are experiencing stagnancy in your job, it actually makes sense to have a side-income business.
Let us quickly look at some of the parameters you should consider if you want to earn money online without investment.
Things to consider if you want to earn money online without investment:
The Credibility of Earning Money online
It is natural to ask yourself – ‘how can I start my own business’. Is it legitimate? Will I be taken for a ride?
Apprehensive about the future of these online gigs? Don’t be! As far as the future is concerned, internet businesses are booming these days. It says that the internet industry in India will turn into $124 billion by 2022. Online platforms and working from home is the next big thing for us!
Majority of ways of earning money online, are genuine. It also means that you do need to research well, before taking up any opportunity. Even some of the most successful businesses today conduct feasibility research. That gives you enough reason to do it too.
A business opportunity on the internet should have nil risk and require nil or low investment. That’s a simple and basic test of its legitimacy.
Find something that will help you balance your jobs
One of the main keys is to pick up something that is easy for you to understand and use. If the processes are too complicated and requires effort on your part, it can get stressful. As you already have a primary job , you will not want to stress too much. The simpler the platform is, the better it is for you.
Shop101 provides an integrated interface for resellers to manage their inventory. It helps keep a track of the orders they receive and the payments are released on Fridays. If reselling is something that you see yourself doing, check them out.
Freedom to organise your time
As a college student, mother, small business owner, you have multiple roles to juggle. With this, freedom of time is extremely crucial to your schedule. This means that you need a platform that provides you with home-based jobs, preferably without investment. Aa a result, having flexibility during working hours, means you can work more on your free days. This way, you have a certain degree of control over your job.
Let us help you look at some businesses or online earning jobs that might just fit the bill.
Legitimate Businesses to Earn Money Online
If you’re looking to support your family through an additional income? Check out our recommended business ideas for people looking for ‘how to earn money online’. These ideas are safe and authentic.
Online tutoring is a good business idea for people passionate about teaching. You can provide online coaching to students of all grades, depending on your subject expertise.
There is an option to open personal coaching classes. You can create a website or promote the classes on social media. However, there is also the option to register on an online tutoring platform. Here, the tutor usually gets paid on an hourly basis. You can enrol on vedantu.com, tutor.com, bharattutors.com, edugraff.com and many others.
Virtual Assistant Services
Virtual assistant services have emerged as a lucrative business opportunity in recent times. The pay is competitive and the scope of work is broad. You can offer a range of services like:
- Social media marketing
- Email management
- Bookkeeping and accounting
- Handling customer queries
- Manage client’s calendar
- Web designing
- Audio-video editing
This list is inclusive and not exhaustive. You can easily negotiate working hours and types of services based on how you manage your time.
Mobile App and Website Development
The business opportunities as a mobile app or website developer are immense. Someone with professional experience in this domain will find this useful. These days, many small businesses need a mobile app and website developers at a low budget. They can be your target customers to help them get their business online. Furthermore, you can also build an e-store or mobile app tailored specifically to their needs.
But, there is also the option to register on sites like upwork.com or freelancer.in to source your clients.
If you’re looking for answers on ‘how to earn money online’, online reselling should be on the list. It is a zero-risk and zero-investment business. You can join a legitimate online reselling portal like Shop101 and begin a new business quickly.
Online reselling provides two options to run a business:
- Helps create your own web store with a domain name.
- Helps you sell the products of other sellers registered with the portal.
If you’re selling others’ products using Shop101, add a markup price to the original cost. This markup price is the profit margin. Moreover, you can reach out to people in your social or professional network to promote these products. Use social media and WhatsApp for the same. The portal takes care of shipping and order fulfilment process. The more products you sell, the more money you make. Online reselling is a hassle-free way to earn money online.
Being an online broker or agent opens up many avenues for a side-income. You can venture into the stock market, real estate, hotel or travel bookings, insurance and other domains. It is advisable to be a registered or licensed broker/agent with a professional network or national authority. This gives more credibility to the business.
You can open an online agency business and start selling your services from anywhere! You can tie-up with hotels or real estate, insurance and stockbroking companies. The fee that you earn on every transaction is your income.
Growing Your Internet Business in 10 steps
Identify the target audience
Once you have your business idea in place, identify the type of people you want to market your products to. Based on the needs of your target audience, you can plan your content, promotions and other strategies that’ll help you gain some momentum. Once you understand what your target audience need, then it will align.
Set up social media pages for the business
The best way to create a brand presence is by being visible on popular social media platforms. Increase your visibility by setting up social media pages to market your business better. Platforms like Facebook, Instagram, Twitter and LinkedIn are some of the most popular social media sites to build your network.
Promote your products and services every day on social media, WhatsApp and community forums
Unless you promote your products on different channels, your returns might be slower as compared to those who do promote it. By promoting your products on services like WhatsApp, you’re also building a chain of loyal customers. Having loyal customers in turn builds trust in your products and services and will help you earn money online faster.
Create top-notch content to advertise your products
Content is key! To earn money online, your focus should not just be on marketing the products but also on the content. Good, authentic and fresh content always brings you results alike. Set a standard brand guideline as to how you want to curate content across different channels. This helps one remember and relate to the brand better.
Leverage free marketing tools to engage with your audience and manage the business
Allocate budgets for different departments of your business. When it comes to marketing you can invest in tools like Tweetpi, Crowdfire, Shutterstock and so on to grow your business manifold. Always try out the free versions of the marketing tools available before actually buying a subscription. This way you will be sure of what your business really requires and what it doesn’t.
Give the best customer service – be responsive to customer queries and grievances
The key is gaining the trust of your customers is by attending to them as soon as possible. Try not to leave their queries unattended. Be responsive, help them resolve their issues if any and ensure that you touch base every now and then. Sending out mailers, smses, newsletters etc. are a great way to stay in touch with your customers.
Provide multiple payment options to make it easier for customers to pay money
An online business solely depends on trust but until you build that for yourself, you should allow the customers to take a call. Like in the case of payment options, give the customers multiple options to choose from. Provide different payment gateway options for your customers and assure them a pleasant experience. Be open to rectify any payment system errors from your end, if any.
Seek testimonials from customers and put them on social media
When you deliver the best, you can be rest assured that you’re making your customers happy. Always put the needs and requirements of the customers first. When you have a happy customer, you know that in some way your products will be recommended by them. Request for a testimonial from them and put it on your social media handles. You can also get them to share it within their networks and make a larger impact.
Be honest in your dealings with customers to establish trustworthiness
As we mentioned earlier, build your customers trust! Be honest when you deal with them and always be patient when you provide reassurance. Not every customer will be convinced at first, so you should always try to win them over. These are some of the basics on an online business if you want to earn money online.
Enrol in free online courses to learn internet marketing for your business
In a field like marketing, growth begins with your growth as well. There is never an end to learning. By upgrading yourself and by acquiring additional skills and enrolling in free courses will only add more value. The more you know and keep up with the marketing trends, the more likely you are to be at the top of your game. So log on to sites like Udemy, Coursera, Hubspot and enrol yourself in free online courses that supplement your online business.
Thanks to the internet, it is possible for anyone from any part of the world to start a business even with zero investment. Keep an eye on the basics and remain consistent with your plan on how to earn online. The idea of an independent business may not seem like your cup of tea. You can always check Shop101 as it gives you the option of how the online business community works. Do check them out!
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