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7 Online Businesses That Require Little Startup Capital

7 Online Businesses That Require Little Startup Capital

Starting a business is a dream that a lot of people have. Today, a lot of people are willing to quit their jobs the minute they get an idea that they believe has the potential to grow up and become the next big thing, mostly because they hate their current jobs in the first place and would very much love to stop working under someone else. It’s quite understandable. One of the easiest places to become self-employed and fully established is on the internet. For obvious reasons (convenience, autonomy, easy profits, etc.), working online is often preferable. However, people are at a loss when they don’t know what jobs to engage themselves in. Many are looking for a job that requires little to no startup capital and little to no complex technical expertise, but that will still allow them to make sufficient amounts of money online. Look below for our top 7 online businesses picks.

1. Online Consulting

This might sound like the usual gist around but its widespread characteristic doesn’t diminish its veracity in the slightest. Consulting, no doubt, is one of the easiest businesses that you can start with very little capital. You don’t need to have any complex or additional skills that are difficult to learn. All you need is what you already know; this could be your usual area of expertise or what you studied in college and are good at. There are people out there who need your knowledge, and consulting is the way to help them. They get knowledge, you get paid. Simple.

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2. Social Media Marketing

This is a job that truly isn’t for everyone. Social media marketing works mainly for people who have massive numbers of followers and a wide audience on social media platforms. Usually, how it works is that you meet a brand, business or service provider who has just launched a product they see as revolutionary and needs awareness and publicity. On your social media platform, you advertise their products and they’ll remunerate you for a job well done. This business is also direct and has the potential to yield you huge returns. However, as stated earlier, you will need to have huge number of followers on social media to succeed.

3. Online Retailing

Online retailing is quite simple. Although you might need the services of a skilled web developer to start this business, it still qualifies as a profitable little-capital-required online job. A good example of an online retail service is Gifted Shirts. Another idea is that you could be in charge of managing an existing online retail service. A lot of online retailers who have difficulties in getting customers could be experiencing such hardships due to bad management, and you could be a perfect fit for such positions.

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4. Content Writing

Similar to blogging and website management, content writing will allow you to help people with websites and other online platforms by generating attractive content that’s sure to attract more readers and increase their customer base. This can earn you huge sums in return. However, if you have difficulties in writing or you can’t find a client who is willing (and rich enough) to employ your services, you can begin a business that employs creative writers. That way, you’ll serve other bloggers and website owners with the content created by your writers, whether online or in the real world. You have the freedom to put up any content: stories, sales pitches, articles, news, etc. Quite simple, but with the potential of reaping heavy rewards. Which brings us to:

5. Blogging

Of course, we’ll add blogging as an option. Blogging really needs no huge capital investment, but for you to be an efficient blogger, here are a few tips:

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  • Make your content original and verified. A string of false content will make you bleed visitors.
  • Get information real-time and before others. It really helps.
  • Understand that your blog is your life. It requires hard work and a WHOLE LOT of dedication.
  • Even when you don’t seem to be making any money, keep at it. The readers will come, and subsequently, more money will come too.

6. Social Media Management

This is another job that would be a perfect fit for a social media enthusiast. These days, companies use social media platforms to market their goods and products, and in managing these accounts, they sometimes realize that it is cost-effective to employ outside contractors instead of hiring full-time social media marketing staff. This job could benefit those who have a passion for social media use and who have effective management skills. No startup capital or additional complex expertise is needed.

7. Customer Service Management

Customer service management entails helping websites and online retailers to deal with clients’ complaints and questions. You could also take note of constructive criticism and use these ideas to help your clients better their business operations and provide premium services to their clientele.

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More by this author

Tanvir Zafar

The founder of ISU Technologies, passionate in writing about productivity, creativity, entrepreneurship, work and technology.

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Last Updated on September 16, 2019

How to Stop Procrastinating: 11 Practical Ways for Procrastinators

How to Stop Procrastinating: 11 Practical Ways for Procrastinators

You have a deadline looming. However, instead of doing your work, you are fiddling with miscellaneous things like checking email, social media, watching videos, surfing blogs and forums. You know you should be working, but you just don’t feel like doing anything.

We are all familiar with the procrastination phenomenon. When we procrastinate, we squander away our free time and put off important tasks we should be doing them till it’s too late. And when it is indeed too late, we panic and wish we got started earlier.

The chronic procrastinators I know have spent years of their life looped in this cycle. Delaying, putting off things, slacking, hiding from work, facing work only when it’s unavoidable, then repeating this loop all over again. It’s a bad habit that eats us away and prevents us from achieving greater results in life.

Don’t let procrastination take over your life. Here, I will share my personal steps on how to stop procrastinating. These 11 steps will definitely apply to you too:

1. Break Your Work into Little Steps

Part of the reason why we procrastinate is because subconsciously, we find the work too overwhelming for us. Break it down into little parts, then focus on one part at the time. If you still procrastinate on the task after breaking it down, then break it down even further. Soon, your task will be so simple that you will be thinking “gee, this is so simple that I might as well just do it now!”.

For example, I’m currently writing a new book (on How to achieve anything in life). Book writing at its full scale is an enormous project and can be overwhelming. However, when I break it down into phases such as –

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  • (1) Research
  • (2) Deciding the topic
  • (3) Creating the outline
  • (4) Drafting the content
  • (5) Writing Chapters #1 to #10,
  • (6) Revision
  • (7) etc.

Suddenly it seems very manageable. What I do then is to focus on the immediate phase and get it done to my best ability, without thinking about the other phases. When it’s done, I move on to the next.

2. Change Your Environment

Different environments have different impact on our productivity. Look at your work desk and your room. Do they make you want to work or do they make you want to snuggle and sleep? If it’s the latter, you should look into changing your workspace.

One thing to note is that an environment that makes us feel inspired before may lose its effect after a period of time. If that’s the case, then it’s time to change things around. Refer to Steps #2 and #3 of 13 Strategies To Jumpstart Your Productivity, which talks about revamping your environment and workspace.

3. Create a Detailed Timeline with Specific Deadlines

Having just 1 deadline for your work is like an invitation to procrastinate. That’s because we get the impression that we have time and keep pushing everything back, until it’s too late.

Break down your project (see tip #1), then create an overall timeline with specific deadlines for each small task. This way, you know you have to finish each task by a certain date. Your timelines must be robust, too – i.e. if you don’t finish this by today, it’s going to jeopardize everything else you have planned after that. This way it creates the urgency to act.

My goals are broken down into monthly, weekly, right down to the daily task lists, and the list is a call to action that I must accomplish this by the specified date, else my goals will be put off.

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Here’re more tips on setting deadlines: 22 Tips for Effective Deadlines

4. Eliminate Your Procrastination Pit-Stops

If you are procrastinating a little too much, maybe that’s because you make it easy to procrastinate.

Identify your browser bookmarks that take up a lot of your time and shift them into a separate folder that is less accessible. Disable the automatic notification option in your email client. Get rid of the distractions around you.

I know some people will out of the way and delete or deactivate their facebook accounts. I think it’s a little drastic and extreme as addressing procrastination is more about being conscious of our actions than counteracting via self-binding methods, but if you feel that’s what’s needed, go for it.

5. Hang out with People Who Inspire You to Take Action

I’m pretty sure if you spend just 10 minutes talking to Steve Jobs or Bill Gates, you’ll be more inspired to act than if you spent the 10 minutes doing nothing. The people we are with influence our behaviors. Of course spending time with Steve Jobs or Bill Gates every day is probably not a feasible method, but the principle applies — The Hidden Power of Every Single Person Around You

Identify the people, friends or colleagues who trigger you – most likely the go-getters and hard workers – and hang out with them more often. Soon you will inculcate their drive and spirit too.

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As a personal development blogger, I “hang out” with inspiring personal development experts by reading their blogs and corresponding with them regularly via email and social media. It’s communication via new media and it works all the same.

6. Get a Buddy

Having a companion makes the whole process much more fun. Ideally, your buddy should be someone who has his/her own set of goals. Both of you will hold each other accountable to your goals and plans. While it’s not necessary for both of you to have the same goals, it’ll be even better if that’s the case, so you can learn from each other.

I have a good friend whom I talk to regularly, and we always ask each other about our goals and progress in achieving those goals. Needless to say, it spurs us to keep taking action.

7. Tell Others About Your Goals

This serves the same function as #6, on a larger scale. Tell all your friends, colleagues, acquaintances and family about your projects. Now whenever you see them, they are bound to ask you about your status on those projects.

For example, sometimes I announce my projects on The Personal Excellence Blog, Twitter and Facebook, and my readers will ask me about them on an ongoing basis. It’s a great way to keep myself accountable to my plans.

8. Seek out Someone Who Has Already Achieved the Outcome

What is it you want to accomplish here, and who are the people who have accomplished this already? Go seek them out and connect with them. Seeing living proof that your goals are very well achievable if you take action is one of the best triggers for action.

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9. Re-Clarify Your Goals

If you have been procrastinating for an extended period of time, it might reflect a misalignment between what you want and what you are currently doing. Often times, we outgrow our goals as we discover more about ourselves, but we don’t change our goals to reflect that.

Get away from your work (a short vacation will be good, else just a weekend break or staycation will do too) and take some time to regroup yourself. What exactly do you want to achieve? What should you do to get there? What are the steps to take? Does your current work align with that? If not, what can you do about it?

10. Stop Over-Complicating Things

Are you waiting for a perfect time to do this? That maybe now is not the best time because of X, Y, Z reasons? Ditch that thought because there’s never a perfect time. If you keep waiting for one, you are never going to accomplish anything.

Perfectionism is one of the biggest reasons for procrastination. Read more about why perfectionist tendencies can be a bane than a boon: Why Being A Perfectionist May Not Be So Perfect.

11. Get a Grip and Just Do It

At the end, it boils down to taking action. You can do all the strategizing, planning and hypothesizing, but if you don’t take action, nothing’s going to happen. Occasionally, I get readers and clients who keep complaining about their situations but they still refuse to take action at the end of the day.

Reality check:

I have never heard anyone procrastinate their way to success before and I doubt it’s going to change in the near future.  Whatever it is you are procrastinating on, if you want to get it done, you need to get a grip on yourself and do it.

More About Procrastination

Featured photo credit: Malvestida Magazine via unsplash.com

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