Small Business Idea with no Startup Cost
Sometimes, it’s hard to think out of the box to find small business idea with no startup cost. However, as long as you’re dedicated and put in effort, there are several business ideas you can start with no funding. So, if you’re looking for a small business idea with no startup cost, you’re at the right place. Below are 8 business ideas to consider.
A popular business idea with no startup cost currently making waves is content creation. Social media and the 24-hour news cycle have created the perfect storm of opportunity for creative professionals like writers and graphic designers. These people can use their talents to create high-quality, shareable content for businesses and media outlets. Thanks to a growing gig economy of freelance and contract workers, it’s easier to market yourself as a professional service provider.
Personal or Virtual Assistant
Another business idea with no startup cost to consider is becoming a personal or virtual assistant. Especially if you have a good organizational skill as it is usually in high demand. Being a personal/virtual assistant to an entrepreneur helps them focus on their businesses and high-return tasks. A personal or virtual assistant performs many of those secretarial or front-desk functions without being onsite. These individuals often work from home for many different clients, keeping track of calendars, making flight arrangements and doing clerical work.
Read more about starting a virtual assistant business here.
Social Media Consultant
Another popular business idea with no startup cost is becoming a social media consultant. Larger companies can hire an agency or full-time staff member to run their Facebook and Twitter accounts and blogs. However, small businesses often have to take care of their own social media marketing. With so many other responsibilities, business owners may be too busy or overwhelmed to come up with a great social media strategy. As a consultant, you can help them determine the best tactics, posting schedules and content for their target audience. As their follower counts grow, so will your business.
If you’re fluent in a second language, offering a translation service is a good business idea with no startup cost. You can find work converting written and spoken words from one language to another. You can start your own independent service. This way you can market yourself to businesses, schools, hospitals, courtrooms and conference centers.
Digital marketing services
If you have experience in the marketing field, a solo digital marketing agency is a low-cost business idea you can get up and running in no time. If you don’t have a background in marketing but are interested in the field, you can take affordable online courses to develop your skills. One of the best yet most challenging things about marketing is that it is always evolving. Therefore, if you have a knack for storytelling and learning, a digital marketing firm is a business you can start quickly and cheaply.
Affiliate marketing is another business idea with no startup cost. It is easy and cheap to start, but it takes dedication and a long-term vision to be successful. Essentially, affiliate marketing involves you promoting other companies’ products and services. In doing this you’ll earn a commission on leads you generate. All you need to get started is a blog or website and a specific product or service you would like to promote. However, to be successful in affiliate marketing, you have to attract a lot of visitors to your website. You also need to get them to purchase products or services from your affiliate partners.
Click to read: How to Start Affiliate Marketing
Vlogger or blogger
Are you passionate about one specific topic or field and love to write or be in front of a camera? Then you should consider starting a professional blog or vlog. For a blog, all you need is a computer and website to begin. Meanwhile, Vloggers, on the other hand, should invest in a high-quality camera, video-editing software and various AV equipment as needed. Although to bring this business idea to life, you would need to spend a little. However, you can make money by offering advertising space on your website. You can find video sponsors, or create an account on a funding platform, such as Patreon or Indiegogo.
Not many people are good at writing resumes, and even fewer enjoy writing their own. All you need to become a professional resume writer is a computer. To start, you can sign up for a freelance platform, such as Fiverr or Upwork. From there, you can get resume writing gigs and market your services on social media. If you think about it, it is a great business idea with no startup cost.