Where To Start
Starting a business online is easier than you might think. The internet has allowed even the least experienced with little or no tech skills the same playing field as the giant corporations (who I might add, employ staff to do this for them). Unfortunately if you are just starting out, this means you have to produce the staffing requirements, at least until you have set up your online business and cracked the code to success.
How quickly you start to see a return from your efforts, really comes down to how much time you have invested. Even if you have no money upfront, you can still operate an online business. So lets cut to the chase and look at the bricks and mortar of where you might start?
Below are 5 different types of online business setups you can pursue even with minimal upfront costs, if any costs at all.
Here your job is to direct customers to products you have listed for sale on a platform like Amazon, Etsy or Ebay to name a few. This product is owned by a vendor whom you will subscribe to, so that you can promote their product and when a customer buys the product, the vendor is left to finalise the deal.
- List the product on your platforms EG: Amazon, Ebay etc
- Customer purchasers product through your account EG: Amazon, Ebay etc
- You pay vendor to supply and deliver the product to the customer
- You retain whatever mark-up/profits from the sale
Simple process that you rinse and repeat.
- No warehouse or stock required
- Minimal upfront costs involved
- Able to use already existing reputable marketplaces like Amazon etc
- A not so reputable vendor can let your business down
- It’s a dog-eat-dog market
- You need to sell loads to make good money
Affiliate marketing is similar to drop-shipping but with a small difference. This time instead of looking for products to sell, you decide what niche you wish to promote EG: How To Make Money Online followed by finding an affiliate platform you want to use.
First you choose a niche then you find an affiliate platform who has those products within the niche you have chosen. Here’s a few platforms you may want to consider … Amazon, Clickbank, Share A Sale or CJ Affiliate, note there are many but these a good place to start.
You set up a blog or e-commerce website to promote these products (Google offer FREE websites) attach your affiliate link to each product you are advertising and wallah, interested customers will click on your product link if this is what they are looking for. The link will send the customer directly to the vendor’s sale page, and from there the vendor will complete the sale and any upsells as well. You then will receive a commission from the sale the customer has just purchased including any upsells.
Similar to drop-shipping the only costs to you, will be marketing and advertising to drive traffic toward your blog site.
The difference between drop-shipping and affiliate marketing is that affiliate marketing requires less from you. All you do is drive traffic toward your offer, leaving you to focus on paid and free ways to do exactly that.
Affiliate marketing would be one of the most “hands-off” online businesses you can start.
- No upfront costs
- Minimal work ethic
- You are responsible for driving traffic to your offer
- Some cost maybe necessary to drive traffic to your offer
As mentioned prior (Google sites are FREE) so setting up a blog site is not an issue. You can write anything within the niche you are promoting, you can even take other already proven blogs/content from others BUT you will need to alter the content so that you are not done for plagiarism, anything is game really, as long as it relates to your niche. The point is that you want to post quality content that the potential customer is looking for.
Because Google is so packed with content and information, finding something to write about is endless Money Blogging For Beginners
POINT: You will eventually need your own website
These are, paid per click ad’s run by Google. Every time someone clicks on the ad, you get paid a few cents or so. Google will only show ad’s that are relevant to your niche.
You get a code from Google, add it to your website and before you know it, there it is a Google AdSense advertisement appearing on your site.
POINT: You need a lot of clicks to make good money.
Blog Ad Networks
Blogads are another site you might consider and similar to Google Ads. You can run banner and or video ads and again you are paid per click.
Like Google AdSense, you get a code, insert it into your site and wait for customers to potentially take interest and click on the blogad.
POINT: You need a lot of clicks to make good money
As already mentioned above here are some tips for your affiliate marketing blogs …
Post content regularly
Post useful information NOT boring
Ensure your content is engaging again NOT boring
Be honest and NOT salesie
You won’t achieve success by sounding like a salesman. Engaging your potential customer by making your content worth reading is half the battle won.
Designed specifically for newbies
Click on the link above and scroll down to the “Frequently Asked Questions” for an in depth understanding of what this system will do for you
In a nutshell to get your YouTube video monetized you need to have had 1000 subscribers & 4000 hours of watch time over the last 12 months not to mention a video you have created that is cracking it or has gone viral.
Again your content needs to be engaging, interesting and or funny.
Once your YouTube channel has become monetized, Google will insert ads within your video, and when a viewer has clicked on anyone of the inserted Google Ads, you get rewarded with payment.
If your YouTube channel becomes extremely popular you can also get pad via sponsorship, companies will happily pay you to advertise their products and services.
Ways of making your YouTube video without tech skills or money …
- Use your phone
- Ensure the audio is clear
- Use a free online video editing platform https://www.openshot.org/
Your videos don’t need to be over the top, often simple is better.
Your YouTube channel can also be used to drive traffic directly to where you want.
- Use your existing phone and computer
- Applies to any niche of your choosing
- Time-consuming when creating new content
- A return on investment can take a while
- Information Products
Simply put, digital products that can be on sold or used as a free give away to entice a sale.
- Audio selling a course or instruction manual
- Video selling a course, a how-to guide
- Text e-books, instruction manual or travel guide
Regardless of how or what you decide here, either way you create the potential to make passive income while you sleep.
- Passive income earner
- ROI can be achieved quickly
- Whatever you create can be time-consuming
- You might have some costs eventually
The World Is Your Oyster
Now that you have a brief understanding of the various online business avenues you may want to consider? You might decide on more than one option. I would recommend to start on affiliate marketing purely because it requires the least upfront costs, and setup less time-consuming than the other 4 suggestions. Get a handle on how it works before venturing to adding another.