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ONLINE BUSINESS

Many people have great business ideas but lack the capital to implement them. In the digital age, you can start a business online with little to no capital and start making money off it. Below is an outline of some of the most common internet business opportunities you can venture into with almost no cash:

a)   Starting a blog and monetizing it

Platforms like WordPress and Problogger offer opportunities to create free websites and blogs. You can build a free WordPress blog yourself, curate quality content and start making money off it. WordPress is advantageous since after creating a free blog or website, you get a free and responsive theme to implement on your site. Ensure the content you create is create is high-value, which people will be interested in and begin sharing. Soon enough, you’ll attract a huge readership base and start monetizing that blog. There are many ways to monetize a blog. First, you can create an eBook and start selling. Second, you can engage in affiliate marketing, where you sell other people’s products and services to earn a commission. You can also sponsor company ads on your blog and earn some commission whenever someone clicks on them.

b)   Making handmade products is among the most profitable online entrepreneur ideas

Handmade products are rapidly gaining popularity these days as they are unique and can be kept in the house as souvenirs. If you have a knack for making handmade products, this is one of the best paying online internet business opportunities to contemplate. Handmade products like jewelry, baby clothing, soaps and candles, hairbows and headbands and seasonal items sell out within weeks of listing on e-commerce platforms. Simply open an account on eBay, Etsy, or Abe’s Market, list your homemade items and start selling. You can also build a store from scratch on platforms like Shopify and BigCommerce, customize it to your liking, list your homemade products and start selling.

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c)    Resale is one of the most common online internet business ideas today

Reselling is as simple as acquiring products from one person and reselling them to other people. There are two main ways of reselling products online: Dropshipping and wholesaling. Dropshipping entails shipping directly from the manufacturer to the consumer, making a significant profit in the end. Dropshipping requires virtually no capital to start. Wholesaling, on the other hand, needs space and some money to start. However, you’ll have greater control of the business and get bigger profits.

d)   Forex trading is one of the riskiest, buy enriching online business opportunities

Forex trading means trading currencies online. This line of business has a reputation for making overnight millionaires. It is a treacherous online business venture, but when you understand its ins and outs, you can rip big. The ins and outs of forex trading include excellent analytic skills, exceptional knowledge on cash flow and exchange market. If you manage to become an expert forex trader, you are on the path to turning around your life for good.

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e)   Transcription online business opportunities are becoming commonplace

Transcription means converting audio to text. There are hundreds of thousands of transcription projects on most freelancing platforms these days. Experienced transcribers are raking in six figures income each month. The unique thing about transcription is that you don’t require any special skills to be able to do it. You only need good listening and typing skills. This is one of those online entrepreneur ideas you can start without a single cent or unique skills set.

f)     Ghost writing online business opportunities are lucrative nowadays

Many people out there want to have their names on books but either lack time or good writing skills. Such people have no option but to hire ghost writers to write books for them. If you’re a creative writer, this is an online business opportunity to consider. You just need to gather their thoughts and come up with a book that reflects them. Although the owner of the book retains all the rights, you’re handsomely compensated for writing the book.

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