Top 5 Lucrative Online Business To Start Now With No Investment
When it comes to online businesses, one thing you don’t want to do is going on google to search “how to make money online” and this is because most results are meant to either path away with your money or your time.
In fact, that isn’t the right question you should be asking.
The question you should be asking is, “what online business is right for me” because your area of strength is different from every other person.
If you want to succeed, you must go into online businesses that plays to your true strengths because that’s the online way you can be committed and consistent with what you do.
You see, contrary to what you might have been told or heard, every business requires hard work.
Either it be an offline business or an online business.
The only person responsible for the success of your business is YOU.
Not some secrets or methods or guru.
You are the common denominator and the person who can be held responsible for your successes or failures.
I have been doing this long enough so I know.
Listen, if you follow this mindset and these instructions, then you absolutely will succeed, no matter what you’ve tried before now that didn’t succeed, no matter how many times you’ve failed before or how discouraged you are currently.
This rule is almost absolute.
The secret is…Massive, relentless energy put into ONE single focus for a long period of time.
Almost NO ONE does this.
Not even close.
People try something for two weeks, then give up and move onto the next shiny thing.
Others try something for three months, then give up.
Two weeks or three months, is still not enough.
Most people think you can make money online by running some process like it’s a regular job – set up this, do this, do that, and boom you’re making money.
It doesn’t work like that.
However, you can make $100k/year, or 1 million/month in pretty much ANYTHING – making videos, doing a podcast, creating information products, ecommerce, affiliate marketing in any niche, consulting, anything.
The way to succeed is to pick ONE thing, and focus hard on it for a full year of your life.
Put all your energy into it and don’t make your goal to make money, make your goal to be the best at this thing.
The money will follow.
That is what I did.
That is what every person who is a real success at this has done.
It’s near impossible to fail if you do this.
So, if you’re looking for ways to make millions in 2 days or you’re in the MMM group, then I am afraid, this isn’t for you and I am very certain this won’t work for you.
There are a whole lot of such schemes being peddled on the internet and good luck with them by the way.
Then you must be up for the ride.
of a new online business.
Ahead of time that you’ll encounter difficulties regardless of the business model you choose to go with.
But what will separate you from the unsuccessful ones is consistency, persistency and a mentor
(A mentor is someone who has done and gone through what you’re trying to do).
This brings me to the first business model you can start online today with no investment
This is basically the act of you offering a service and getting paid for it.
This is actually very interesting because you can be in Nigeria and offer your services to someone in the United States.
The good thing about this is that you can start with arbitrage.
Which simply means you
…get clients for a certain job and you find someone with adequate skills to handle the jobs.
You can start with arbitrage if you think you have no skills to sell.
However, I will advise you to learn a skill.
Becoming good at something only requires repetition as they say “repetition is the mother of skill”.
Below are a few sites where you can sell your services;-
Note: You don’t need money to start this.
All you need is a device with an internet connection and the necessary skill
Below are some skills that are high in demand;
- Graphic Design
- Web Design and Development
- Social Media Marketing
- Ecommerce Marketing
- Email Marketing
- Article Writing
- Video Animation
- Voice Over
- Apps and Software Development
Skills Needed: Offer creation, follow-up, product delivery, traffic generation, customer support, writing skills, design, upselling, e.t.c.
Time Before Profit: 90 – 180 days (3 – 6 months).
My Recommendation: This business requires a certain amount of SPECIALIZED SKILL, EXPERIENCE and PATIENCE to profit from it, yet the money you will make will be limited by:
- how many hours a day you can spare
- how many people you can work for in that time
- how many job offers you get in that time
- how many competitors you have offering the same thing as you
- how much less you’re willing to collect so that they buyer doesn’t abandon you and buy from your lower priced competitor.
I know people who have started with this and who have never made a penny out of it.
I also know people who have started in it and make millions every year. Just like myself.
Here’s a screenshot from one of my fiverr accounts.
You have to be patient, build your contacts, deliver steady superb jobs
every time, retain your clients and you are on song.
PS: I’m no longer actively involved in freelancing because it is time consuming
Commerce has been here for long (almost as old as mankind) and the introduction of the internet making it possible to transact online with people regardless of their race or location was the birth of ecommerce.
So, ecommerce is basically the selling or exchange happening on the internet.
So you have a product people need, you simply set up a sales system and get people to find it online via marketing and when they do, they order for it so you get it delivered to them.
In other words, ecommerce is electronic commerce.
The history of ecommerce is unthinkable without Amazon and Ebay which were among the first Internet companies to allow electronic transactions.
Thanks to their founders we now have a handsome ecommerce sector and enjoy the buying and selling advantages of the Internet.
Currently there are 3 largest and most famous worldwide Internet retailers: Amazon, Ebay and Alibaba.
Ecommerce is growing so fast that In 2017 it reached around $2.3 trillion and is expected to hit $4.5 trillion in 2021 (according to a Statista report).
And in Nigeria alone the current eCommerce spending in Nigeria is estimated at $12 billion, and is projected to reach $75 billion in revenues per annum by 2025.
While ecommerce is still growing, there’s no better time to start and dominate your own space.
This is a business model where it is possible to have a profit of over 1000% on a single product.
Imagine buying a product for as low as N1,500 and selling it for N15,000.
Starting an ecommerce business might appear complex and cumbersome but with the necessary training and guidance the journey becomes simplified.
To run a successful ecommerce business, here a few keynote;
- You must understand your market and calve out a section for yourself before thinking about a product to sell
- Don’t be so money focused that you lose sight of building a business (Think long term)
- Build a team (From sales to delivery)
- Never stop marketing and learning
When I look at the eCommerce marketplace today I see three problems that are widespread and putting most ecommerce entrepreneurs on life support.
1). Importing a product because it looks cool (this one is like a disease lol)
2). They don’t know how to advertise and sell
3. Not Paying attention to numbers
The truth is that if you are making just one of these mistakes your ecommerce business probably won’t be around by this time next year.
That’s why I have created a 3 step formula ecommerce training that shows you everything you wanted to know about ecommerce and were afraid to ask
Here’s what you’ll discover:
1. How to find a hungry market
2. How to Find and import products for your market
3. How to pass your message to your market and not have to beg them to buy your products
Heck, I’ll even show you the only 3 categories of ecommerce products you should be buying that ensure you quickly sell out.
Start-Up Costs: =N=50,000 or more
Skills Needed: Web Design, Offer Creation, a marketing plan, autoresponder integration, traffic generation, inventory, customer support, upselling, e.t.c. (You’ll see a full list of needed skills further below)
Time Before Profit: 30 – 60 Days (1-2 months)
I so love this one in the sense that you don’t even have to be an expert at something before selling information.
Just relax let me explain
You see, people are constantly searching online for information that either expands their skills or solves a problem.
YOU can provide that information in the form of digital information products.
Marketing and selling information products can help you start earning lots of money while helping others in a big way.
And even if you’re no expert at what they are looking for, you can partner with someone who can provide the answer/solution and package it into an information product.
Have you ever purchased an ebook or a video training course online?
Those are examples of information products.
For example, you were able to help some of your friends relocate to Canada or get permanent residency in Dubai.
You can document the process and package it in the form of a video series or pdf.
Once you create these informational products, you would then market and sell the products to people who want to know how to relocate to Canada or get a permanent residency in Dubai
With information marketing, you get to make money by selling information created by you!
These days, with everyone looking to the Internet to solve a variety of problems, selling informational products online is one method to satisfy the demand.
And guess what?
It’s about to get interesting.
Just keep reading.
What if I told you that, you don’t even have to create the information yourself before you can start selling information products online?
You don’t have to bother or go through the headaches of researching what people want or spending hours putting together a report or even worrying about how to satisfy customers?
What? are you serious?
Yes! with 100% certainty.
Note: There are the three qualities you need to have for the info publishing business to work for you…
Quality #1 – You like to teach
This doesn’t mean you have to have had formal, professional experience as a teacher, but it does mean that you’re the kind of person who enjoys taking the time to break difficult information down so people who are new to the subject can learn it too.
Quality #2 – You enjoy writing and write well
The info publishing business is about generating words… lots and lots of words – emails, adverts, articles, reports, books, home study course, seminars.
You don’t have to be Shakespeare and you don’t have to write everything you need all at once, but to make the big bucks in info marketing, you’ve got to be on a friendly basis with your word processor.
Even though you can ‘hire’ out part of the writing part of an info product business, you still need to know-how to quickly put together content as at when needed, which many times is often.
Quality #3 – ‘You have or can get access to a body of knowledge that people are willing to pay good money for’
The good news about being an information marketer is you don’t need to be the ultimate expert about the information you sell. You can always partner with another person who has the subject expertise.
The second part of this equation is you need ‘a body of knowledge that other people are willing to pay good money for’.
There are all kinds of info categories where people are willing to spend serious money…and those are the kind of markets you want to go after.
To make the serious big money as an information marketer, then you must sell a lot more than just eBooks.
You must sell home study courses, LIVE seminars, coaching programs e.t.c too.
Start-Up Costs: =N=50,000 – =N=100,000 (depending on what skills
Skills Needed: Tech, marketing, traffic generation, inventory, customer support, etc.
Time Before Profit: As little as 30 – 90 Days (yes, 1-3 months)
PS: This business model generated me over 30 million Naira in 2019 alone.
That’s how lucrative it can be when done right.
I consider myself to be someone who is an expert at creating valuable knowledge products (books, videos, courses etc) Over the years, I have created knowledge products and sold tons of them on different topics.
I have also taught a lot of people how to do the same.
There is no doubt that one of the surest ways to build an online business and make a lot of money is by creating and selling products that share valuable information in formats like ebooks, videos etc.
But the truth is this:
At the end of the day, most people can’t create their own high demand knowledge products to sell for various reasons.
E.g. Some just don’t get it regardless of how easy I try to make it.
Some just don’t have the time because of their job and other life issues.
Some just have other unexplainable reasons.
This is not only in Nigeria.
It happens to people all over the world.
So, someone (I actually don’t know who started this but that person must be one brilliant son or daughter of a mother)
came up with this concept where you can sell another person’s product online and get a part of the commission.
In many cases, you can even use the same marketing materials that person created to sell the product and get paid (how interesting).
That is how the Clickbank marketplace was launched back in the day.
On Clickbank, there are 2 groups of people.
The first group are known as merchants.
These are people who are able to create high value products (digital) and list them on the Clickbank marketplace along with the marketing material to sell them.
The second group are the affiliates who simply sign up on Clickbank and what they do is to pick any product from the Clickbank marketplace.
For each product, there is something called an affiliate link attached to it.
It usually looks like this: https://merchantwebsite.com/affiliatecode
All the affiliate has to do is to find people who are most likely going to be interested in that product and recommend the product to them through his affiliate link so that they can buy through the link.
So let’s say a merchant lists a product about “dog training” and let’s say the product sells for $40.
The merchant can now set an affiliate commission for the product. Let’s say 50% which is most common.
What this means is – if an affiliate makes a sale of the product (via his affiliate link), he gets paid 50% of that $40 which is $20.
Are you following me here?
However, there are better ways to do affiliate marketing and be very profitable.
Start-Up Costs: =N= 30,000 – =N= 100,000 (if you’re starting with a local affiliate network, and as much as $3,000 with a foreign one – because there’s lot more competition there)
Skills Needed: marketing, traffic generation,
Time Before Profit: As little as 30 Days (4 weeks)
Other Affiliate websites:
The consulting business is the next level information marketing if rightly packaged can continue to generate you money till you die.
It’s basically offering advice based on your expertise to a specific group of people.
So, you have to be an expert at something to do this.
A consultant’s job is to consult.
Nothing more, nothing less.
It’s that simple.
There’s no magic formula or secret that makes one consultant more successful than another one.
But what separates a good consultant from a bad consultant is a passion and drive for excellence.
And oh yes a good consultant should be knowledgeable about the subject he or she is consulting in.
That does make a difference.
You see, in this day and age, anyone can be a consultant.
All you need to discover is what your particular gift is.
For example, are you very comfortable working around computers?
Do you keep up with the latest software and hardware information, which seems to be changing almost daily?
And are you able to take that knowledge you have gained and turn it into a resource that someone would be willing to pay money for?
Then you would have no trouble working as a computer consultant.
Now, don’t get the wrong picture here.
This is not about getting a fancy office and employing a thousand staff.
You can do this from the comfort of your home and make 6-7 figures monthly and consistently.
Start-Up Costs: =N=20,000 – =N=50,000 (depending on what skills you have)
Skills Needed: very specialized knowledge and skill in a subject area.
Time Before Profit: As little as 30 Days (4 weeks)
That’s it, guys.
Now, it’s time to go start making money…right?
What you want to choose is the model that plays into your personality and unique skills and strengths.
Because what I have found is, the second BIGGEST reason people fail is they take on business models that are way out of their skills zone.
Now the problem with this is, it can take you months, maybe even YEARS to master these skills if you do not have them.
For example, people choose to freelance, when they don’t have specific specialized and technical skills, for example, writing, or design, required for freelancing.
So they then struggle to learn and catch up.
And many times, by the time they do, they find out that the specific strategies or even skills within the particular business model have changed and you need to learn some more, and some more, and you end up in perpetual learning mode.
When you choose and work with a business model that is unique to your skill set or you can very quickly learn, you succeed and reach your goals faster.
Do well to join our Facebook group to relate with hundreds of like-minded people about investment, business and money matters.
I Have Put Together A Special Program For You, That Is Guaranteed To Bring You extra $1,000 to $10,000 Per Month Even If You’ve Never Sold Online Before
STOP DOING TRIAL AND ERROR
LET ME HELP YOU TO SET UP A COMPLETE AUTOPILOT ONLINE BUSINESS THAT GENERATES CASH ON DEMAND
Creating a simple profitable digital product is the key to making easy money every day on autopilot and it’s attainable only through the Accelerated Profitable Digital Product Creation And Launching Blueprint.
Creating Your Own Products!
• Definitely the most profitable thing you could be doing online in my experience,
and the experience of most other top web entrepreneurs I know…
• Whether it’s info products, re-selling good PLR, white label products, software… the profits are enormous compared to the other methods.
Tap Into The $2.3 Trillion Dollar Information Industry
People need specialized information in today’s fast paced, digital world.
Schools can’t keep up.
Everywhere millions of people are buying information products to solve their problems.
Discover how to create, publish and sell simple profitable information products to make the world better and turn a profit in the process.
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