4 Online Business Ideas With Low Start-Up Cost

Are you interested in starting your own business, but you have a very small budget to start with? The idea of starting a business has long been viewed as a very expensive venture and is only a common practice among a small group of people. Thankfully, the technology era has leveled the playing field for starting a business. It is now possible to get started with very little cash. And by gaining the right knowledge and skills, you can own a very lucrative business. In this article, I have compiled a list of 4 profitable online business ideas that you can start, with just a laptop and internet access.

1. Become A Website Developer.

Website development has created many business opportunities over the past couple of decades. Now that there are open source platforms like WordPress, it is quite possible for anyone with a computer/laptop and an internet connection can become a website developer, even if you have basic technical skills. If you are uncertain of whether or not you are able to start a business, creating websites for clients, then a short, informal online course in WordPress can fill in the blanks and give you the confidence to offer your service to potential clients.

In addition to, website development, you can offer hosting services to your clients. And no, you don’t have to own a server. You can get hosting services for very little money. You can then offer the service as part of your package for website development. This price is usually set a bit higher than what you pay for the hosting.

Online business ideas like website development, don’t require that you have a business space, so if you are strapped for cash and don’t want to incur the monthly cost of an internet bill, then this is the kind of business for you. You can take your laptop to your favorite cafe shop, and make use of their free internet service. Make sure you buy something from the shop, as this will keep you and the business owner happy.

2. Start An Online Store.

This is one of the most lucrative online business ideas I know of. You can start a business online, selling your own products, or selling other people’s products. The clear advantage of this business model is that you are not restricted by creativity, or location. If you do not have a product, and don’t have the slightest idea how to come up with one, then you can earn huge commissions from selling other people’s product. This is one of the few online business ideas that you can start with no money.

If you don’t have an online store, it would cost very little for you to set one up for yourself, or have someone set one up for you. As mentioned before, open source platforms like WordPress and Joomla makes it possible for anyone to create a website. WordPress has great support along with free plugins that can make it very easy for you to create an online store with a shopping cart and an automated checkout system.

However, if the monthly cost of hosting is still above your budget, then you can make use of free e-Commerce platforms like eBay, Etsy and Amazon. There is no monthly fee to sell your products, and you only pay a small fee for listing your product.

3. Become a Social Media Manager.

New social media platforms are springing up all over the internet. These social media platforms have huge audiences at any given time of the day. This makes it important for businesses to create and maintain a social presence on these social media platforms if they want to be visible to potential customers.

This need for a social media presence has created a new and unique business opportunity. It is very tedious to spend time creating content to add to the social media platforms. And with so many platforms to have to keep track of, it can be a full-time job.

Many companies are in need of a social media manager, and you can help. This is one of the online business ideas that will not become saturated. New companies are emerging every day and need to maintain a social media presence. So you will never run short of a potential client list.

It is very easy to create content and maintain a several social media accounts. You can use platforms like Hootsuite to manage several social media accounts simultaneously.

You can schedule posts and content for several weeks in advance. You can then charge clients a monthly fee for managing these accounts, which will be a lot less than having to hire an employee to provide this service full-time.

4. Become a Mobile App Developer.

Before you decide that mobile app development is only for those individuals who have spent years or more pursuing a formal education in coding, you might want to read this.

It is possible for non-techs to create mobile apps for clients with no coding skills. You can use mobile content management platforms like MAPS – Mobile Apps Productions Software.

These platforms allow you to create mobile apps and publish them to the Google Play and Apple app stores. In addition to publishing the apps on the app stores, the content management platforms allow you to provide back-end access to clients so that they can manage and update their mobile apps. You can also maintain the apps on the client’s behalf and charge an additional monthly fee for management and hosting of the mobile app.

More than 91% of the world’s population have a cell phone or mobile device. And as consumers become more attached to their mobile devices and more demanding of what it can provide and provide quickly, the demand for mobile apps will be even greater. More than 95% of businesses do not have a mobile app for their business. You can create a mobile app for these businesses at a price that they can afford. This is one of the online business ideas that has very little competition and huge earning potentials.

Looking for More Online Business Ideas?

While you may find lots of online business ideas on the internet, it is important to note that being successful in any business requires that you acquire the skills and knowledge of creating the business or service.

Earn Income From Home With An Online Business

Financial freedom is something more and more entrepreneurs are looking for. The fact is that more people are turning away from being employed to being their own bosses to enjoy some financial freedom. This is not that hard to do considering that the internet has made things easier even for new businesses. Online businesses are easy to create and maintain and they offer great customer potential. This is because many people are online more during the day and this makes it possible for any business to be noticed as soon as it begins.

You can now earn income from home thanks to the possibilities of an online business. Online businesses have so much potential to thrive into successful ventures. You must, however ensure that you do everything right to increase the success rates of the business that you start.

What You Need

When starting an online business that is bound to be a success for you, you must know your product or services, establish your target audience and create a brand that you can keep up for the longest time. Remember that the brand that you begin with will be the brand that sets you apart from other businesses. This means that you need to be creative and confident from the very first step that you take in starting the business. It will make sure that you give your target audience a constant and consistent flow with the business at all times.

Coming up with business strategies is not easy, especially when dealing with an online business. You will need to find relevant online business information so that you make the right decisions from the initial stages of the business. The info will give you the insight that you need on the latest business trends and thus, will help you make it big in whatever you choose to do. It can be dangerous to venture into online business when you do not have any idea of how to handle your business matters. This business information is therefore very important.

You can use home business training programs. The program can be got from various online sources. This program will help you in making all the right turns for your business. Your program can tackle different sensitive issues of making the business a success. This includes strategies of attracting traffic to your site, how to come up with lucrative blogs, online marketing strategies and using social media for the benefit of your business among many others. It will all depend on the program that you choose and the kind of business that you intend to start and make a success.

The programs offer live training sessions and videos to make it easier for you to grasp the business strategies easier. They can be some of the most helpful online business tools that you can use. When you are armed with the most helpful business info and strategies, you are bound to earn income from home without the struggles and worries many business entrepreneurs have when starting out.

Don’t Believe the Hype About Online Business

Running a online venture is so easy anyone can do it – sitting around in your pyjamas answering a few emails – right? Making money whilst sipping a margarita on a sunlit beach is everyone’s idea of a successful business – but is it all hype?

I hate to break it to you but to make an online business successful, you need to realize that hype is just that – hype. Let’s explore some common misconceptions:

There’s less competition – Compared to traditional businesses, competition online is fierce and fast. You have 3 eyeball seconds to interest your customer in your offering. They can move on with the click of the mouse and they will, unless you can draw them in to enjoy your particular brand of the online experience.

There’s no overhead: The only overhead you don’t have in online business is retail rent, that is if your business sells products. Unless you are running your business out of your home, which is a great way to start, your business will need premises eventually as well as staff and all the other business tools traditional businesses use.

There are no barriers to entry: It’s true that anyone can start a website, but making it successful does have barriers to entry. For example:

  1. Trust – Many consumers still don’t trust websites, how will you build trust in a sea of websites?
  2. If you build it, will they come? – It takes time for a website to list on search engine results. In the meantime, how will your customers know your website exists?
  3. Difficult Suppliers – Each industry is different but some suppliers will refuse to sell to you when they find out you’re online.
  4. Price – Remember my first point about competition? Price comparison online is easy, and the switch for a $2 saving is just a mouse click away.

I can work in my pyjamas: You will definitely work in your pyjamas, late at night catching up with overseas suppliers in a different time zone!

I won’t need to pay anyone: If you want to start an online business, chances are that you are awesome with computers. But what about HTML, SEO, eyeball seconds, conversions vs. visits, abandoned carts, FTP, API, product feeds? Eventually, you will need to hire an expert or two.

Don’t get me wrong, I love online businesses and there will be points in the life of your online business when you have a clear advantage over the bricks and mortar competition. But the truth of it is that a successful online business still needs investment in time and money, commitment, passion and a drive to solve problems quickly.

The good news is that there are solutions to every business problem, so if you have a passion for online business then I say go for it! Just make sure you enter the sector with your eyes wide open, plenty of investment dollars, time, patience and a willingness to see past the hype – in the end it’s worth it.