Business ideas that you can start online with no money

The internet is a great equalizer. It has successfully leveled the playing field and has assisted both start-ups and already established brands compete in a level playing field each day. If you are a retailer and are planning to start selling online, now is the right time. Here are a few business ideas that you can try out in case you do not have a specific product in your mind.

Drop shipping

The idea behind an online drop shipping business is that, as a start-up, you do not have to maintain a huge inventory of different products or handle any delivery to your clients. This eliminates the financial cost and risk that comes with owning a warehouse full of stuff you might not easily sell and at the same time the hassle of planning on how to send orders all over the world. You do not have to manufacture or store any products at all. So how does it work?

First, you list products for sale on your e-commerce platforms like Amazon, Etsy or eBay. Then, when a customer approaches you and makes a purchase, you proceed and purchase the products from the third party company (also referred to as the drop shipper) at a discounted price. When making the purchase, you will provide your clients’ details to the drop shipper so that he makes the delivery.

Affiliate marketing

Affiliate marketing involves offering products for sale and making commissions in return. To do this, you need an active e-commerce website and good online traffic. Here’s how it works.

First, you approach a manufacturing company and get into agreement with them on how they will compensate you for marketing and selling their products. Then you incorporate their products into your e-commerce website and embed the company’s link in each of the products. This move will ensure that any client who clicks on the displayed products gets directed to the company’s shopping cart for check-out and ones they buy, the purchase is digitally recorded, and you receive a commission.

The critical difference between drop shipping and affiliate marketing is that the latter options model is even more hands off. you only need to provide an active link for the customers to click on and directed to the merchant who will then handle everything from billing to order fulfillment to customer service etc. you only need to promote your e-commerce site.

2018-09-27T21:44:20+00:00

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