Setting-up a business today doesn’t have to be a hassle anymore. In fact, many people have noticed that online businesses, compared to traditional ones, are preferred nowadays because of several reasons: high marketability, low maintenance, low capital and ease of use.
If you’re thinking about creating your own business, here are ideas that do not necessarily require much capital but would surely add to your income:
1. Blogging
Blogs are available for free almost everywhere, but known hosts include Blogspot or Wordpress. The good thing about blogs is that you can write about almost anything of interest and if you’re blog receives alot of visitors, you can welcome advertising for websites or big companies. The price of advertising can range from a $50 to $1,000 per month, depending on the amount of visitors you have per month.
If you’ve just created your blog, Google Adsense would be a good starter. Google puts advertisements related to your blog posts and you get paid for every click that a user makes. This would help you earn extra for the mean time, while you build a stable fan base.
2. Affiliate Marketing
In affiliate marketing, a user signs-up with an affiliate program and is given commission for every successful transaction entered in his name. Affiliate programs are abound in the internet and some give up to 50% referral commission for every product sold. The good thing about it is that you only have to sell products and do not have to provide capital nor produce original products. If affiliate programs interest you, you could check out websites like Affiliate Scout for a directory of affiliate programs you can try out.
3. Online Retailing
Selling stuff that you might find lying around useless, might just be the same thing someone’s looking for from the other part of the world. Online retailing has become a hit because capital is barely needed and products are mostly stuff that you don’t need anymore. Instead of throwing them away, products can be advertised for free in websites like Ebay and Craiglist, where prospective buyers are always on the lookout for something.
4. Sell your Skills
Many people around the world actually gain extra income by selling their services online. Be it writing content for online magazines to creating an online portfolio and selling your advice on a per hour basis, selling your skills is easy because you could always think of something you do best and offer it for a fee. If you’re interested in article writing, check out websites like Associated Content, Suite 101 and Odesk. And if building a portfolio or website appeals to you, head to Free Web Hosts for a list of free website providers.
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