20 Very Profitable Online Business Opportunities Without Capital - Online business opportunities without capital are increasingly wide open in today's digital era. Especially for those of you who have special skills and the intention to build an independent business. Only by having smartphone facilities along with an internet network, you can pursue online business opportunities without capital, because most of them offer services and expertise.
Challenges of Running an Online Business
There are many important things that must be prepared and online business challenges that need to be watched out for and must be faced.
More and more people are interested in running an online business, for example opening an online shop.
The reason is, opening an online shop does not require a large capital.
Even though running an online business sounds easy, there are still challenges to be faced when running a business.
The main challenge is to make sure your website can be found by your target market or target market.
There are several tricks you can do to introduce your store and products to the general public.
For example, with Search Engine Optimization (SEO), placing advertisements in online media, using Google Ads, diligently marketing products via social media, and so on.
Furthermore, after a visitor visits the website, you must be able to convince them to buy the product, and not just look around. Can be used as a benchmark is the conversion rate.
Conversion rate will measure how many visitors perform a certain action compared to the total visitors. If your online shop's conversion rate is low, then you should start revising it.
For example, improving the design on the site, improving the quality of the product images displayed, or simplifying the site experience so that it is more user friendly.
There are some basic questions about shopping at an online shop.
For example, will the goods actually be shipped after they pay? Are the items that will be received the same as those that have been ordered?
Will the goods be received in good condition?
There are several tricks to overcome these problems. For example, by getting certified to prove that your site is safe and reliable. Or you can also provide a product review column or testimonials from customers.
Barriers to Running an Online Business
In addition to the challenges that must be faced in business, you will also find obstacles in running a business.
Here are some barriers to watch out for when running an online business.
1. Business is not right on target
The lack of purchases could be because the strategy you made was not right. For example, you send out a newsletter containing products for hiking purposes to mothers who are looking for baby gear.
Or you send a link containing makeup tools to schoolchildren. Therefore, start to do research. For example, by asking subscribers to fill in their interest column.
After that, start to send out newsletters containing products such as the interests of each customer. The ads you do must also be precise. Ads must be placed on the right media, showing the right target audience and with the right timing.
2. Lack of customer loyalty
The trick that can be done to make customers more loyal is with a loyalty program, such as giving rewards to your loyal customers.
For example, every time someone makes a purchase with a certain purchase, they will get points. These points will later be accumulated to get vouchers, discounts or direct prizes.
In addition, by serving customers when there are complaints. Reliable handling will make customers feel happy even though there are complaints. So customers are not easy to move to other products.
In running an online business, you will definitely find many other online shops that sell similar products to what you sell
Even if you sell similar products, you have to find different ways to attract customers.
Starting from providing cheaper prices, to holding promos, and so on. It can also be a bundle or by giving a gift to your buyer.
Risks of Running an Online Business
In running an online business, of course there are risks that must be faced. Just like other businesses, the risks faced from online businesses are also not much different.
It's just that, perhaps the risks that arise in terms of digitization. Some of the risks of running an online business can be seen below:
1. There are competitors.
The ease of running an online business offered makes many people more interested in running it. With the increasing number of online business people, the competition that occurs will also be getting tougher. Therefore, you must be able to offer something unique and different from its competitors to attract more consumers.
2. Many frauds occur
Fraud is a big threat to online business people. More and more irresponsible online business people appear, of course, will make buyers hesitate to buy a product online. To overcome this, you must be smart in convincing consumers that your business is trusted and safe.
3. There are irresponsible consumers
Usually in online shopping, there are consumers who show an interest in buying an item or service at your online shop, but when they find a cheaper price elsewhere, they will ignore the order that was previously made and choose to buy at your competitor's place. . To respond to this, you should provide a time limit for ordering and payment to avoid consumer behavior like this.
4. The number of hackers who are targeting online businesses
In general, hackers are targeting online shops that already have a large following. Hackers will try to take over the online shop, then take advantage.
20 Very Profitable Online Business Opportunities Without Capital
Here are 20 online business opportunities without capital that students, students, and housewives can immediately try, as summarized by from various sources:
1. Online Lesson Teacher
If you are a student and college student, even a housewife who wants to increase her income, becoming an online tutor is the right choice. Especially if we have sufficient mastery of special subjects, such as mathematics which often makes it difficult for parents to help their children in the learning process.
2. Deposit Service
For those of you who like to surf on social media, you may often find content that offers deposit services. Only with video recordings and product discount info at a clothing store or supermarket, you can offer a drop-in service for people who are interested in buying these products, but don't have the time or location to live far away. Of course, you have to be good at negotiating so you don't get tricked by people who want to buy products, but don't transfer the funds you spend. We recommend that you buy the ordered goods if you have received a transfer of funds from people who want to use the deposit services that you offer.
3. Dropshipper
The Dropshipper profession is quite booming during the pandemic. The reason is, you can become an agent or distributor of products without the need to accommodate the goods you want to sell, such as traders or resellers. Dropshipper is a person who acts like an agent or liaison, between buyers and sellers. Meanwhile, traders or resellers must buy the goods or products they sell first from the seller. For example, you become a dropshipper for frozen food products, so when a buyer orders the product, you then forward the order from the buyer to the seller, and the seller prepares the product and sends it to the buyer using your name.
4. Translator or Translator
If you have sufficient foreign language skills, don't waste it. Try to use your special skills, to make money. Especially during the pandemic, the demand for translator services is quite high, especially for content on Youtube and TV applications, novels, and online cartoons. Not only that, many MSMEs also need translation services to connect them with buyers or investors from abroad, because of the increasingly widespread marketing through the internet.
5. Social Media Admin
Are you good at stringing words together, like an ad tagline that sticks in your memory? Try to be a social media admin. Just like writers, social media admins are now being sought after, because they can make words that attract netizens to watch content or products being marketed.
6. Influencers
Do you have a lot of followers on social media? Your content often gets a lot of comments and likes? do not hesitate to offer to accept endorsements. The influencer profession is a figure on social media who can influence other social media users through the posts they make. Where does an influencer make money from? One of them is from endorsement. Payouts for influencers on YouTube reach more than $12,000 with 100,000-500,000 followers, Facebook more than $6,000, Instagram $5,000, and Twitter around $2,000.
7. Vlogger
This can also be a promising online business without capital. The proof is that the average vlogger earns more than the minimum wage. Vlogger pay varies, but averages over double digits per month. Vlogger income is obtained from product or service endorsements in the videos they make. Not to mention the added ads or AdSense displayed on their videos.
8. Consultant
Do you have a skill that is worth sharing with people? Try to open consulting services, such as financial consultants, parenting, sexology, to spiritual. Promote your skills on social media, and don't forget to include testimonials or portfolios of clients who have successfully consulted with you. For this professional world, you can list your success on LinkedIn.
9. Exercise and Diet Instructor
Just like a consultant, your expertise as an instructor for an exercise or diet program can also be an online business opportunity that generates income. Especially during the pandemic, many people experience health problems due to obesity, so many want to follow a diet and exercise program.
10. Graphic Design
If you have good drawing skills, why not open a graphic design service? You can do a lot with graphic design, from designing websites, designing invitations, company logos, brands, brochures, and others. No need to worry, the fee for graphic design is quite large depending on the level of difficulty of the design being made.
11. Copy Writer, Content Writer, and Freelance Writer
The digital age has made businesses switch online. That's why, many businesses or companies need explanations to promote their products and businesses. Of course this requires the expertise of a writer. So, now the job of being a writer is much sought after, among others, for content writers, or copywriters. Now for MSME businesses, usually due to limited funds, they cannot finance permanent employees for content writers or copywriters, so they use the services of freelance writers.
12. Online Game Jockey
Playing online games, apart from being a fun hobby, can also make money. Especially for some online games that are very popular with people from children to parents, such as mobile legends. For some online game players, usually to increase their prestige, they must increase their ranking or ranking. That's why, sometimes online game jockey services are needed to help increase player ratings. Unmitigated, the payment for online game jockeys like Mobile Legends can reach 21 million.
13. Complete Paid Online Surveys
This online business method without capital can also be used as a source of money. Currently, there are many companies or institutions that conduct paid online surveys. Just register and take their survey, then a number of points will be received and can be exchanged for cash or other prizes. This one business is quite simple and can be run with only a smartphone and internet capital.
14. Become a Youtuber
Almost the same as the points above, this online business without capital will also be suitable for creative people. Good ability to spot trends and also produce unique content is a must. But apart from earning from advertising, Youtubers can also get the opportunity to promote their clients' businesses and earn big income from this work.
15. Selling on Marketplace
This will be the right choice, for business people who have products to sell online without capital. Marketplace provides a very wide space for business people to sell their various products easily. There, the opportunity to get sales figures will be very high, because there are many visitors every day. This online business method without capital will be very helpful, especially if the products sold are of good quality.
16. Virtual Assistant
With so many businesses operating online, it's not surprising that today's virtual assistants are in high demand to help them stay organized in completing administrative tasks without the need for large capital expenditures.
The duties of a virtual assistant include writing, replying to emails, creating and distributing business-related documents, responding to media and business inquiries, writing and creating content, and much more.
17. Web Developer
It's actually quite easy to build a site yourself. However, most people don't have much time and serious skills to do it.
To seize this opportunity, it takes a lot of the services of a web developer.
Becoming a web developer, only requires a laptop, internet connection, and the ability to create a site.
This web developer worker has a high salary because of his level of expertise that not everyone has. The more complex the site a web developer can create, the more expensive the price that can be offered.
18. investors
If you are a person who is good at analyzing the value of a company, then becoming an investor is a challenging online job option that you can do.
Becoming an online investor does not always require large capital. Enough 100 thousand, you can start investing.
As an illustration, this investment work can give a return of 18% in a year and is able to promise passive income, without having to always be chased by work deadlines.
19. Remote Technical Support
Many small businesses don't have a portion in their budget to hire IT employees on a Full-Time basis. So when their web or accounting software has a system crash, they will usually call a friend or family member who understands IT.
If you have experience in the computer IT field, you can open your services independently and online for clients in need.
You just sit at home and do your job: managing and repairing client systems that are crashing.
20. Software & Application Developer
Smartphone applications or software are now becoming more popular among the public.
Even people are willing to spend money to buy an application that is useful for work mobility and other life problems from their smartphone.
If you have an innovative idea and have coding skills, you can create your own application and turn it into an online business opportunity. Take advantage of social media such as Facebook, Twitter, or Instagram to create a business account for your application maker and developer services.
And it is hoped that other clients or startup businesses will come to work with you.
Tips for Successful Online Selling Without Capital
An online business without capital does look so simple and easy to run. However, in practice, the intense competition in this business cannot be taken lightly. In addition to choosing the right type of online work without the right capital, planning this business carefully is also an important point that must be done from the start.
The following are some tips for successful online sales without capital that can be taken into consideration:
1. Make the Most of Social Media
Whatever way an online business without capital is undertaken, don't forget to use social media to develop it. Social media can be the right place for promotion, because there interactions with customers and potential buyers can run easily. Use the right content and good quality, so that business marketing goals can be achieved optimally.
2. Create and Upload Relevant and Trending Content
Still related to the points above, be creative in creating social media content. Make sure the content is really relevant to the business and in line with ongoing trends, in order to get a positive response from social media users. In addition, also adjust this content to potential consumers who will be targeted in the business itself.
3. Use Quality Product Photos
Even though you will be selling online without capital, avoid random product photos. Consumers will get the first impression through the appearance of the product presented, so it is important to make the photo authentic and of good quality. Use a good quality camera so that the photos produced and uploaded are also good.
4. Offer Attractive Promos
Don't hesitate to offer promos in online business without capital for students. Promo will be the main attraction for consumers so that the opportunity to make them make a purchase will be greater. Do the right calculations and hold this promo regularly, so that high sales can be obtained and the business continues to provide profits.
5. Build and Expand Connections
Connections will always be an important investment in business, including in online business. Build connections and maintain them well, so that various business needs and affairs can run more easily. Connections like this can help with marketing or even business promotion activities on a lower budget, maybe even for free.
That's information about 20 online business opportunities without capital that you can try right away as long as you have the required expertise. Who knows, it could make you earn extra income. Good luck.