5 Extremely Low Cost Ways to Start a Business online

Online Business

The Internet is a great international network, especially in the field of online entrepreneurship and business, it has established a level playing field. Anyone can start an online business and build a profitable business through the Internet.(Online business)

All you need is a computer that can connect to the Internet. This is the fact: hardly any technical experience is required to start your business plan. Today, there are many tools that can be used to build an online business, and these are much easier than in the past. 

You can also live anywhere you need according to the speed or size of your business development, set your own schedule, and decide according to your business volume. No business or marketing experience is required.

Most importantly, unlike a physical business, you do not need a large amount of start-up capital. In fact, you can start and run many Internet businesses without any money, because so many free services on the Internet promote this possibility (including this free article about online entrepreneurship)

For example, you can use WordPress to build a website or blog for free. Or, you can use third-party websites such as Amazon or eBay or Caurosell to sell goods without paying inventory costs. You can use their sales platform in exchange for a certain amount of sales.

This is just the beginning of many available non-monetary e-commerce startup solutions. Whether you are an office worker, a full-time mother, or staying at home, you can consider the following five most common ways to start an online business. You can start making money online at very low cost or no cost at all.

online business

1.Dropshipping

The basic idea behind the dropshipping business is that as a small business person, you don’t have to think about a large inventory of products (or any inventory), and you don’t have to deal with any shipping deliveries to customers. 

This eliminates the financial costs of inventory and shipping, reduces the risk of warehouses for things you may not sell, and eliminates the cumbersome work of arranging to send orders to the country or the world. In fact, you don’t need to manufacture or store any products at all.

The only thing you need to focus on is marketing and the use of advertising to find customers and sell. Once the sale is completed, the rest will be handled by someone else. Your only cost is the cost of marketing and investing in advertising to acquire new customers.

After completing the sales work, you will work with a company that specializes in direct shipping. It works as follows:

1. You list the products you want to sell on your own website, Amazon, eBay, or Etsy.

2. When one of your customers made a purchase, you purchased the product from a third-party company (direct shipper, usually a manufacturer or wholesaler) at a lower price. This process is very simple, just like forwarding a customer’s order, this process can actually be fully automated. (Remember, since the sale has already been made, you do not have any risk of buying inventory here).

3. Then, your shipper sends the product to the customer.

It’s easy, right? With direct shipping, you can provide a wide range of products, so your business operating expenses are extremely low.

What are the disadvantages of the direct shipping business model? You must find a reputable shipper that you can rely on to deliver to customers. If the order is late or missing, or the quality of the product is poor, you will be blamed because your company is the company that represents the product and the customer experience.

In addition, due to the fierce competition in this market, the profit margin (that is, the difference between the wholesale price and the price of the sold product) is low, so this will be a high-income type of business that can generate considerable income. However, it is still worth the low-cost or free startup option.

One way to stand out in DropShipping is to private label the product (or your brand’s label). This means that you put your own label/brand on the product that the manufacturer is producing. In this way, you will not sell the same products as others, but only compete on price. Instead, you can use your own brand and reduce competition.

DropShipping advantage

  • requires very little start-up capital
  • maintenance inventory
  • you can leverage existing customer base to establish a market

DropShipping drawback

  • That you can be responsible for errors shipper
  • fierce market competition,
  • you have to sell a lot in order to generate substantial revenue

2. Affiliate Marketing

Affiliate marketing is a bit similar to Dropshipping, but there are some major differences. Using the e-commerce model of affiliate marketing, you no longer need to maintain inventory of your products, and you don’t have to worry about shipping products to customers.

Basically, you choose a profitable niche for your online business, and then you find affiliate marketing partners who have products available in that niche. 

Some of the most popular membership sites include Amazon.com and CJ Affiliate (previously known as Commission Junction). Taiwan, Hong Kong, Macau and other places can ichannel or affiliate one. 

Between them, they provide almost any digital information product (such as e-books, audio files, video files) or real products you can think of.

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Through affiliate marketing, you can offer products for sale on your blog or e-commerce website. Each product has a unique link that can be traced back to your account with affiliate marketing partners. Potential customers who click the link will be taken to your partner’s shopping cart for checkout. 

After they purchase, the purchase will be recorded and you will receive a commission. 6 The commission amount depends on the affiliate partner, but it is usually 5% to 25%, or 50% or more for digital information products. 

As you can see, the risk you take is small and you hardly need to invest. Just like Dropshipping, your only cost is marketing and advertising to attract traffic and generate sales.

The main difference between affiliate marketing and Dropshipping is that the affiliate marketing business is easier to operate. All you have to do is provide a link for the customer to click, and then the merchant in the affiliate marketing will handle everything. Billing, order fulfillment, customer service, etc.

All you have to do is to market to attract potential customers (via social media, email marketing, blogs or whatever method you choose) to buy. When they click the affiliate marketing link, you don’t need to do more work. You don’t have to ship products or deal with any customer service issues. And you certainly don’t have to maintain inventory.

Affiliate marketing is indeed one of the most “easy” types of online business you can start.

Advantages of affiliate marketing

  • : low risk:
  • a business model that does not require initial investment and let go

Disadvantages of affiliate marketing

You are responsible for attracting network traffic to affiliate links (no traffic means no money), you
may need to spend money on advertising and marketing

3. Blog

If you have expertise, love or interest in a topic, you can start to make money through Blog. With services like Blogger (www.blogger.com), you can start a blog completely for free. You can also create your own website and protect your host (domain) at a low price.

This is the way I recommend, because many free blog sites have restrictions on your speech or activities, including making money or advertising .

You might think that blogging is all about writing. But written text blog posts are just the beginning. You can post photos, videos, and links to other sites, and even repost news and other articles…

As long as it is relevant to your niche market, everything is good for your business. The key is that you publish original content that is useful to your target audience and publish it on a regular basis. This is the best way to rank in search engines and attract audiences to take action.

What kind of content should you provide? Anything that attracts your potential customers. The content includes: how-to topics, top 10 ranking lists, niche market trend reviews, tips and tricks-basically, you need to provide useful content. Your blog has no shortage of ideas.

Below you can make money in a variety of ways through blogging and starting a business online.

Google AdSense

Have you ever been to a website and saw ads on it? It is likely to be an advertisement delivered through the Google advertising network.

These pay-per-click ads will appear on your blog. Every time someone clicks on an ad (which should be a topic related to your niche), your income will increase by a few dollars or more. 

A small amount each time, but the sum can be a considerable number. You just need to get the code from Google and put it on your website-the ad will automatically appear on your blog. 

Google will only show ads related to your blog, so this is a great experience for your visitors, and can maximize the number of clicks you get, thereby generating more revenue. 

Blog ad network

You can also cooperate with advertising networks other than Google (such as Blogads) and place banner ads on your blog. Same as Google Adsense ads, you only need to place the code once on your website, and then when a visitor clicks on the ad, you will be paid. In addition to banner ads, you can also place video ads on your website.

In many cases, you can make more money through blog ad networks, but they often require tens of thousands or more visitors to browse blogs every month.

Affiliate marketing

You already know this. You include a link to a product that you want to promote as affiliate marketing, and you will receive a commission whenever someone purchases the product. With a blog, you can integrate advertising and content together, making it more likely to get sales. 

For example, you can make a product review (which is useful content), and then include a link to purchase the product under the affiliate link.

Here are some tips for successful blogging to ensure that people can find your blog and will keep coming back. This is the key to building a following and making your blog a profitable online business.

You need to provide useful content in an engaging way.
If your blog is boring, or the information can be found anywhere else, no one will read it. Don’t hesitate to put your unique personality into a blog post.

You must publish content regularly.
People are hungry for new things, so make sure you post articles, videos or other content regularly. It may be published once a day, or it may be published three times a week. Whatever it is, keep the same schedule. Unscheduled publishing time means losing readers. In addition, try to publish a new post, video or other form of content at least every week.

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It is genuine.
Yes, your blog should be able to make money. However, you cannot be marketing all the time. Focus on useful content so that your readers will recognize, like and trust you. 

Then, they will naturally click on your ad or buy the product you recommend. In this age of the Internet and social media, people are looking for authenticity.

Completing these business blog tips above, you will attract the attention of search engines such as Google, which have always wanted to place websites with useful and relevant content at the top of their search results. This is the key to content marketing.

You can create a blog in less than an hour. However, building a readership takes time to make money, and only a small percentage of people end up buying your product.

Blog Advantages
  • Very low startup costs
  • You can work on your own schedule
Blog disadvantages
  • can take a long time to start making money
  • Creating and publishing content can be time-consuming

4. Online video

Have you watched a YouTube video recently? Of course there is! This is one of the most popular websites in the world, with more than 2 billion users watching hundreds of millions of hours of video every day. You can use YouTube’s influence to make money online

It can be said that you are not making a viral video, although it is a good thing if it does spread all over the world and is watched by millions of people.

Instead, you will follow a proven strategy to regularly maximize the number of views for multiple videos. You will create useful content-interesting content that people want to watch. It is applicable to many different fields. It may be a method video or talk video on a topic of interest to your niche, and the ideas are endless.

You make money from advertising revenue. Your first step is to create a YouTube account and start uploading videos. Then you can enable monetization on YouTube settings. Basically, this allows Google to include short AdSense ads in your videos, which you can see if you have watched YouTube videos. When viewers click on these ads, you get paid.

Another opportunity to make money through YouTube channels is through paid sponsorship. Attract enough followers, the company will be happy to pay you to promote or mention their products and services in your videos.

Some tips for creating professional-looking videos (without expensive professional equipment):

  • You can use a smartphone or a simple video camera. But make sure that the lighting is good so that everything in the video is clearly visible.
  • Make sure the audio is clear. You don’t need air conditioning hum, construction noise or other disturbing factors.
  • Use simple editing software (such as iMovie) to put the title at the beginning of the video and remove all false information.

Most importantly, remember that your videos are simple and don’t have to be too fancy. Just provide useful content and make it interesting. Funny also helps.

In order to expand the reach of videos, make sure to post them on your Facebook business page, Twitter, blog, and other channels. Let people know that you are now in the video business.

In addition to income from YouTube video ads, you can also use your own YouTube channel to attract traffic to your website, where visitors can read product reviews, click on ads on your website, and even get to your email subscriber list – you Multiple sales can be made through the email list.

Advantages of online video
  • You can use your existing smartphone or computer.
  • It is suitable for many different fields.
Disadvantages of online videos
  • Creating and publishing videos can be time-consuming and it
  • can take a while to start making money

5. Digital products

When you have an Internet business, you don’t have to sell physical products. In fact, digital information products are one of the easiest and fastest ways to make money.

There are many ways to create information products, but the most popular formats include:

Audio: Recorded teleconferences, interviews, courses or some other audio product
video: recorded webinars, teaching methods, interviews and interview text: e-books, various instruction manuals, travel guides

In each of the above categories, as long as the content is compelling and useful, you can truly be creative and produce any type and format of content.

No matter which method you use, it is passive income, that is, the money you make while you sleep, because you put these products for sale on the website, and customers can automatically buy and download them at any time of the day or night. All you have to do is to check the sales on a regular basis to see which theme or product type sells best so that you can profit more from it.

Advantages of digital products Putting

  • products on the market can bring passive income, which
  • can be a way to make money quickly

Disadvantages of digital products

  • Creating a product requires some up-front work and time.
  • You may need to invest some funds initially.
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