top 5 lucrative online businesses that requires little start-up capital

Top 5 Lucrative Online Businesses That Requires Little Start-Up Capital

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Estimated reading time: 20 minute(s)

Are you one of the many persons seeking lucrative online businesses that require little start-up capital? I have got good news for you. You see gone are the days when you require tons of start-up capital to kick-start a business.

With the advancement in technology, there are a lot of businesses that you can start without having to break the bank.

All you need is the passion and desire to thrive because without passion you might never get serious with the business. And as a result of not being serious, you might not be able to make the most out of the business and you will go out there to shout that “it is not working”.

In this post, you will discover top 5 lucrative online businesses that require little start-up capital. And if you determine and put in the needed effort, you will definitely be amazed by your results.

  1. Drop Shipping

This is one of the lucrative online businesses that requires little start-up capital from you to start earning. You can launch your ecom store without having to spend tons of dollars in inventory up front like the traditional retailers do. All you need is a laptop, good internet, ecom store and your set for business. You leverage the power of social media to promote products you’ve chosen if you are yet to set up an ecom store, and you can use both. The sweetest part of this business is that you don’t have to purchase a product unless you already made the sale and have been paid by the customer.

One of the secrets of being successful in dropping is identifying and knowing what your audience needs is before settling for a product. People only buy what will solve their problem. The best product for the wrong audience will earn you insignificant or even zero income and vice versa.

  1. Freelancing

This is my favourite among the 5 lucrative online businesses because it allows people to get paid while deciding their working hours.

And the best part is that you don’t need an office to start earning, you can work from the comfort of your home.

You can offer virtually any service running from business writing, article writing, translation, proofreading, video editing, graphics design, web design and the host of other services.

All you need is join any of the freelance sites such as:

  • Fiverr
  • Upwork
  • Freelancer
  • Peopleperhour
  • Seoclerk
  • Etc

But Fiverr and up work remains the most popular among them all. When you join, set up your account and browse for service(s) that you can easily offer. If you have no skill to offer on the platform, you can learn one skill by watching YouTube videos and looking up some things on Google.

How do you get paid you might ask?

It is simple, these freelance sites serve as an escrow between you and the person that hired your service, once both parties are satisfied with the job, it will take 14 days for your fund to be available for withdrawal for Fiverr. Click here to create your Fiverr account

But to have access to the money, you will need either Payoneer or Paypal accounts to enable you to withdraw your money. Click here to create a Payoneer account.

Note: Paypal don’t support fund withdrawal in some countries, so check if your country is support or better still go for Payoneer.

  1. Professional Blogging

If you are a good writer, you can leverage blogging and turn that hobby into a money-making machine.

And the fun part is that setting up a blog these days has been made easy, with CMS you don’t need to know a thing about coding. And you can actually start with the free domains such as blogger spot or WordPress before upgrading to a paid domain.

The simple truth is that some of the big names you are hearing today actually started with blogger spot before upgrading.

So you too can start with blogger spot pending when you’re ready to upgrade to a paid domain.

Paid domain and hosting simply means you buying your own domain and hosting from either Namecheap, siteground or any of the hosting companies other there.

Like I have always said, you’ve got to put enough effort to see your desired results. You have to write quality and value content that will engage your blog visitors and make them see you as an authority.

You can make money from blogging through a sponsored post, Google AdSense, selling info products and affiliate links.

  1. Social Media Consultant

If you are creative, a strong writer and love staying on top social media trends, this might just be perfect for you.

Many business owners either do not know the ins and outs of using social media to build a brand and cultivate loyal online following or do not know how to go about it.

By offering your service as a social media consultant, you can either take over the complete management of their social media (posting updates to their various platforms) or assist them to craft out a social media game plan.

  1. SEO Consultant

If you are data-driven or internet savvy, this is perfect for you. Search engine optimization commonly referred to SEO is the act of optimizing web pages and other online contents for higher search engine ranking. This is hot in demand because every website or blog owners want his/her site to appear on the first page of the search engine results but only very few know a thing about SEO. Hence, they are willing to pay for the service.

Don’t know much about SEO? You can learn more from Lynda

Like every other business out there, these top 5 lucrative online businesses that require little start-up capital requires great effort and hard-work on your side, you don’t expect me to tell you that you literally have to do nothing and see great results.

Have another lucrative online business that requires little start-up capital that is working for you? Please Share them via the comment section

 

 

 

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