Yes, you can be your own boss with little to no capital at all. Thanks to the power of the internet, you can start your online business without spending too much money. There are many ways to start your online business and all you need is some creativity, perseverance, and organization.
An Introduction to Online Entrepreneurship
Online businesses are not new. In fact, several prominent figures in the market used the internet to their advantage. Jack Ma would be one famous example. He used the internet to sell his products all over the world and he has become one of the richest men on earth. Now Ma is just an example. You don’t have to set a very high goal immediately. In fact, Ma is not an IT expert. On the contrary, he has an average knowledge about the internet. Here are the tips on how to start an online business.
What are you Selling
For you to start your business, know first what you can sell. Unknown to many, there are a lot of products that you can sell legally over the internet. These are just some of the many items that you can sell. For purposes of simplifying the examples, there are two main types. Tangible and intangible products. Tangible means something that you can touch, smell, eat and see. Intangible have no physical form but are valuable.
Quick tip – You don’t have to resign from your day job. Most of these internet business ideas can be done in your free time.
Crafts, upcycled items, original artworks, and Raw Products
These can be handcrafted items. There’s a very lucrative market for indigenous handcrafted materials. If you are in a location that has a lot of raw materials, try to see if you can turn them into products for you to sell. An example is hand-woven bags. In ebay.com, one can sell a handwoven bag for $10 to as much a $200 dollars. You could also sell raw materials to other people like artists. There’s a market for indigenous raw materials too.
Where to sell – Ebay.com, etsy.com, Artfire.com and more
Quick tip – Creating an account on Ebay.com is very easy. Just follow the sign-up steps and you can be selling your products locally to globally.
Online Services or Freelancing
If you have the talent to sell, then you could try becoming a freelancer. Freelance means you will take any project that you can do or finish. Most freelancers provide services such as transcription and article writing to more technical services such as creating websites and ghostwriting novels. You can still be your own boss because you take up projects on your own time. There are tons of freelance websites out there and they have their own pros and cons as well as vibrant communities to help you get a good start.
Where to find freelance jobs – freelancer.com, upwork.com, fiverr.com, bloggingpro.com and more
Quick tip – Only take jobs that you can do. Don’t worry, there’s a market for your services out there.
Online Media and Entertainment Production
If you have a flair for entertainment, you can delve into the internet entertainment industry. You’ve probably heard of YouTube. It’s one of the most visited websites in the world. There are other websites that also provide you a platform for your own videos and they have different types of compensation such as payment through ads, accepting sponsors to patreon accounts.
Videos are not the only things you can use to entertain people. Some have used their drawing skills to websites like DeviantArt and sell original digital artwork on a commission basis or re-print selling. Others have gone the extra mile by creating an online comic and getting revenue from the ads running on the page to getting commissions for the artwork.
What websites can you use – YouTube.com, tumblr.com, DeviantArt.com, Etsy.com and more
Quick tip – Creating videos can be daunting at first. But even low-end smartphones these days can help you create quick videos. Who knows, you may have what it takes to be the next viral video superstar.
Now the above mentioned are just the basics to the different types of online business that you can start. If you want to know more and learn advanced ways to start an online company, you can visit Conquer London website, the best website for online entrepreneurship. Your step to becoming an online entrepreneur giant requires you taking the first step so what are you waiting for?