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Starting a journey towards financial freedom can be tough. Especially when your income is low and you struggle with a lot of financial instability. Knowing fully well that starting your own business is the right step to take. However, you are faced with the challenge of funding this dream. Today you will be learning some easy online business you can start with a low income.
These online businesses need little capital startup. You get to invest in them at your own pace. They require more of your time for you to start earning and seeing results. The advantage of an online business is that you don’t have to physically approach your potential clients. You can do it in the comfort of your house, behind your phone or a PC.
Why you should start an Online Business
Starting an online business is cheap. With less than $100 you can start a business online and as it grows you invest more in it. Learn how to source for financial capital to start your business in this article.
You don’t need to employ much labour. You can start all by yourself and later invest in having a team. But for business advice, don’t try to do everything by yourself. When the needs arise to get help please do so.
It’s online hence it is mobile. You can be travelling and still be making money. It is the most flexible business you can ever start.
It’s not a job you have to report to by 8 in the money or a physical store that needs to be opened by 7 in the morning. It works with your time. There is no doubt you have to invest some time to it but it can be on your own terms.
You can start an online business even when you still have a full time job.
Now let’s see the easy online business you can start with a low income
Blogging is an easy online business to start with a low Income
Why is blogging as an easy online business to start with a low income? It is because blogging is the easiest online business to set up. A matter of fact you can start it with zero capital on platforms like WordPress and Blogger to mention a few and start making a lot of income from it.
However, to fully explore the many ways to make money blogging. It’s advisable to start it self hosted. So you can have complete control over your blog and its income.
If you have a blog and you are struggling to grow it perhaps you should consider reading this An easy blueprint to owning a successful blog.
However, if you don’t have an existing blog and want to try blogging as a side hustle learn how-to here.
Freelancing is a perfect side hustle to start for extra income. When you are a freelancer it simply means you are self-employed.
There are advantages and disadvantages to freelancing but I tell you the advantages are greater. Read more about it here.
You get to work at your own pace and time and with your own pricing. No one is the boss you hence, you can grow unlimitedly. All you need to do is to set up your profile on some platform, stating out your services and prices. But before you do that how about you learn how to make money freelancing from an expert who makes a lot from it.
Dropshipping is an easy online business to start with little money
In a simple definition, Dropshipping is when you create an online shop for products you don’t own. When an order is placed you direct it to the merchant store and they process the delivery to the consumer/customer. With this simple explanation, I am sure you have an idea of why it is an online business you can start with a low income. To better understand what Dropshipping is, read this
Why is Dropshipping an online business you can start with a low income?
You don’t need to purchase the goods you display in your shop. All you need is a merchant store where you get your product from.
An actual or physical shop is not needed so you don’t need to hire a team of staff, pay electric bills or rent.
You don’t handle delivery, that’s a lot of stress taken off your shoulder.
The only expenses for starter you might incur is setting up your online store or e-commerce blog. Where you can display the goods you have for sale and for people to see and place orders. Which the cost can’t be compared to renting an actual warehouse or an office. If you are considering Dropshipping learn how-to start here.
Not every business is capital intensive and if you want to start your journey to financial freedom. These businesses are your best options. I started my blog with pretty much nothing and I have learned how to run it cheap. You can do the same too.