What is the best online business to start with no money? To be fair this is a loaded question. There are some really good models out there that don't require any real start up / capital. I would just like to show you a couple of these different models and then you can determine based on your own opinion as to which one you think is the "best".
This is my pick out of all of the free methods that I know of so I will discuss it first. If you don't know what affiliate marketing is, I'll give you a little bit of a preview real quick. Basically, lets say that you really like the gym that you go to around the corner. So one day while your working out the owner of the establishment comes in to the room where your training and looks at you and says "Hey there! How is your day going? I see you in here all the time and I was wondering if you might be able to help me with something." You politely ask what he needs help with. He then goes on to say "Listen, lately our business has been kind of slow. I was wondering if you might be willing to ask around and see if you can find any other people that might be interested in signing up for a gym membership. If you can find people to come in and join, I'll give you $20.00 per sign up that you refer to the gym."
This is a very rudimentary way of explaining what affiliate marketing is. You see, you are "affiliated" with that gym. Now the owner of the gym has offered to pay you for every single person that you refer to the gym personally.
Now if you take it one step further, you will understand that you can do affiliate marketing all over the world with all kinds of business's and you don't even have to leave the comfort of your very own home.
That is why I think affiliate marketing is the best online business to start with no money. If you are curious about how you can get started with no money, don't worry! I'll show you a free method.
Disclaimer: Working with a budget of "free" will not net you a solid income overnight. It can take about 3 months to get any real results going from this. What I would recommend that you do is start out using free methods and then when you start making some money from the free methods, start putting that money into paid expenses to help increase your traffic flow and add more efficient tools.
To start out, you can go to wealthyaffiliate.com and open up a free account. This will allow you to blog or write article reviews on products and services on your very own website.
Basically, you need to find a product or service that you think will sell well and see if they have an affiliate program. To find a program like that you can just Google "XXXX affiliate program" put the name of your product or service where the x's are at and then hit enter. Make sure you actually type in the parenthesis too. (This allows you to search for those exact words on the internet)
the results that you get should show you an affiliate program that is related to your product or service. Once you have found one, you can then apply to be an affiliate of the product. Be aware though, sometimes these businesses will only work with you if you have either used their product / service. Or, they will check to see if you are what is known as an "authority site".
So you won't be able to be an affiliate for every company out there, but trust me, there are a ton of programs out there and you can find one in your niche / "field of interest".
Once you find a program that will accept you, they will give you a special "link". That link is called an affiliate link. This link is very special because it is bound to you.
So lets pretend that they gave you a link that looks like this: https://yourpersonalaffiliatelink.com/123456.
Now, you can take that link and go back over to your website at wealthyaffiliate.com and write an article about that product or service. While you are writing that article you can ad that link into your article. Then, once you publish your article and people see it and click on it, if they make a purchase using your link you make a commission.
There is a lot more that goes into this and this is a really simplified way of explaining this. If you are interested in learning how you can make money from home through affiliate marketing, I highly recommend you check out this overview of Wealthy Affiliate because they can teach you everything you need to know about affiliate marketing.
You can also hop to a course that I am in the middle of designing free of charge at:
Print on Demand / Drop shipping
Print on demand is another way that you can make money starting out for free. Drop shipping and print on demand are very similar in some respects and that is why I am listing them together here. Lets take a look at a birds eye view of how a drop shipping business works.
Drop shipping starts out with a supplier that generally sells things cheaper than market value. You find this supplier and sign up for an account with them(Most people use aliexpress.com) . Let's pretend for the sake of this tutorial that they sell watches. You find a nice digital watch for $5.99 on their website.
Basic Concept of Drop shipping / Print on Demand
You then go over to your website and you write a review of that watch, making sure to include lots of details and a really nice description of the product. You then add a picture of the watch and a link to purchase the watch at a price of $20.00 even.
Next, someone comes to your web page and they buy that watch for $20.00 from you. (but wait you don't have that watch in your inventory?!) OH NO! What ever will you do?!
Simple, now that you have that $20.00 from your customer buying the watch from you, you can now in turn contact the supplier of that watch (In this case it happens to be from Aliexpress) and you can purchase that watch for $5.99, here is the catch, When you give the supplier of the watch the $5.99 (plus shipping) for the watch, you are also going to give them the name and address of the person that bought the watch from you.
Here is where you want to be careful. There is always two different fields when placing an order. You have the "billing field" and you have the "ship to" field. You want to use your name and address for the "billing field". You want to use your customers name and address in the "ship to" field.
This is a huge part of the process! You do not want to mess this up!
Then the supplier in turn ships out the watch to the person that originally bought the watch from you. Thus you made a profit of - $14.01 minus the shipping cost and all you did was basically be a middle man and make a little money for making a connection between a watch and a buyer.
The same thing can be done with print on demand. The only difference in this model is that instead of finding a "supplier" to buy watches and things from, you go to printify.com, here you can create t shirt designs that you can then turn around and sell on your website and then you do the same exact thing as you did for the drop shipping model.
You create a design on printify.com, you upload a picture of that design onto your website. You find out how much printify.com will charge you per t shirt (usually like $8.00) and then you can list that design on your website for $20.00 and then when someone buys the t shirt from you on your website, you again take the money and that persons shipping details and you go back over to printify.com and you place the order for the t shirt that they wanted and have it shipped to their address. You make a commission almost identically the same way as with drop shipping.
With both of these methods remember that you need to calculate in the shipping rates of either your supplier or printify.com.
These are a couple of the best ways to start a business for free online in 2019-2020. I hope that you got some value from this post. If you have any questions, comments, or criticisms please feel free to drop me a comment in the comment section below.
Thanks and I hope you are having a wonderful day!