Want to know how to start an online business for free now?
Read this post for my ultimate breakdown of the top 3 ways to create a profitable business with NO start up costs.
Creating a business used to be something only people with money could do, but thanks to the huge influence of the internet, everyone with WiFi connection and a laptop can get started for free!
Let’s get straight into it!
Method No.1: Buying and selling on eBay
eBay has been around for a long time, but that doesn’t mean you can’t make a huge profit if you know what you’re doing.
How can you get started on eBay for free?
Well, first look for something to sell. Chances are there are LOADS of everyday items lying around your house that you haven’t used for years. Why not chuck a couple on eBay and make a little money to get you going?
Once you have a small amount of funds, you can use them to buy something and then resell it for more.
Let me explain how this works a little bit better.
It really is very simple; the basic idea is that you try to buy items at really low prices either on eBay auctions or in thrift shops, and then resell them for their (much higher) average price on eBay.
Let’s say you wanted to sell an iPhone case on eBay. The average price a case goes for might be $12 (that’s just a guess).
You can work out the average price an item goes for by heading over to eBay and using the ‘advanced search’ button. Simply click ‘show completed listings’ for the item; you’ll be able to scroll through and see what price items usually go for.
So if an iPhone case usually sells for $12, we’ll need to find one for $5-7 in order to generate some profit (once you factor in shipping costs etc).
Luckily, this shouldn’t be too difficult if you keep an eye out for auction listings. Once you buy one, list it on eBay for the average price of $12.
You might have only made $5, but now you can repeat the technique again with a higher priced item. For example, a video game might usually sell for $20, but you might be able to find it for $11 on an auction.
You can then resell it for the original $20!
Do you see how this can work quite nicely? You keep on buying more and more expensive items and reselling them for more until you are able to turn over HUGE profits.
For example, popular trainers might sell for a few hundred. What if you were able to find some in a thrift shop?
That is actually a pretty common occurrence, and it might be that you actually have some items lying around that are worth way more than you would imagine.
Of course, it’ll take you a while to build up the skill of finding the right items at the right prices, and knowing where to look, but this is definitely a great business model for those of us who don’t have much money starting out!
Method 2: Use social media
I’m sure you’re probably following a few fashion gurus on Instagram, maybe a few gym fanatics and of course a few food loving pages, but did you realize you can make HUGE money simply by creating your own similar page?
I’m not an expert on using social media to make money but the idea is pretty simple. Here’s one way lots of people are making money through Instagram.
You get followers (and as a result…influence), and then you get paid to market products to your followers.
An Instagram page about running might post a picture of someone running and holding a water bottle, and then write a post about how good the water bottle is. They get paid by the company that creates that water bottle in return for them promoting it!
Everybody wins in this business model, and all you need to get yourself started is an Instagram page (which is free to create).
Alternatively, you could get business to pay you to grow THEIR Instagram. Most business understand the importance of having a good social media face, but not many have the time to do it themselves.
So they are willing to pay people to create a successful social media brand for them!
Of course, you’ll need to have a fair bit of experience with Instagram before you can do this, but if you’ve got the skills than it’s definitely worth giving it a go!
Instagram isn’t the only social media you can earn money from; Facebook is absolutely swarming with money-making opportunities, as is Twitter. Almost every social media is free to set up and use, so these are great ways to get going if you’re low on funds.
Method 3: Internet marketing
Of course, this one had to come up sooner or later! Online marketing is possibly one of the BEST ways of creating a highly successful brand that can earn some serious some money.
Here are a few different types of online marketing you can leverage:
You collect the emails of Internet users, and grow an ’email list’ that allows you to message them directly whenever you want!
There are loads of programs out there that can teach you all about creating an email list, I would personally recommend reading about it on Forbes!
The basic idea is that you first gather a huge number of subscribers, and then promote products to them with regular emails. If they buy the product, you get a commission!
The idea of getting a commission when people buy products online actually brings us to our next way, which is affiliate marketing.
Can you do it for free?
Most of the big email marketing services offer a great 30-day free trial that means you can start earning for free! If you do end up paying, the cost is low compared to the profit you might be making.
I’ve written a ton about affiliate marketing already on this site, so I’ll keep it brief (but if you want to learn in more depth check out my post on how to learn affiliate marketing for free in 2018)
To keep it simple, there are three people involved within affiliate marketing.
The consumer (person who buys a product).
The merchant (the person that makes the product).
The affiliate (the person who promotes the product).
The affiliate is the one who forms the link between the merchants and the consumers, and when the consumers make an order, the affiliate earns a cut of the money!
I might promote a TV that sells for $200. If someone bought it as a result of my promoting it, I might earn say $20. Now imagine if 20 people bought the TV because of me…
See where I’m getting?
Affiliate marketing is a great way to build up an online business because you don’t have to own any of the products yourself, or deal with stock and shipping.
To do affiliate marketing successfully, you’ll need to create a website though. Usually this could end up costing you a lot, but you can do it for free with Wealthy Affiliate.
Wealthy Affiliate is the best place to learn everything you need to know about affiliate marketing and you can sign up for free right now! No card required, just an email address and you’re in.
Within Wealthy Affiliate, your free account will provide you with access to two completely free websites that you can build in under 30 seconds!
You also get a 10 lesson course in starting out and getting going with your affiliate marketing ventures as well as LIVE support from a community of over a million entrepreneurs.
Wealthy Affiliate might be a little confusing to begin with simply due to how much information is available there, but you will quickly get the hang of it!
The great thing about affiliate marketing is that you can do it for LITERALLY any product. If you’re a dog lover, there’re hundreds of products you can promote out there.
What if you’re into something a little more specific?
There are hundreds of millions of people using the Internet, so I can assure you that every niche out there has huge potential to earn you serious money.
If you want more information on picking a niche for your business, click here.
Well, to summarize, here is how to start an online business for free now!
1: Buy and sell on eBay: find cheap items and sell them for more.
2: Use social media: build up a huge following and get paid to promote products
3: Internet marketing: earn commissions for selling products to customers online
And there you have it! You can start all three of those methods for absolutely free today!
I hope you enjoyed this guide; if you still have any questions, feedback or comments please do leave them in the comment section below and I will be sure to get back to you within 24 hours!