Types Of Startups That Require No Money To Start

Drag to rearrange sections
Rich Text Content

There are many ways to go about launching a business. However, it is strategic to do so and think at the same time how you can plan a launch with a limited budget.
The first type is without a doubt YouTube, which is one of the most popular video platforms around. With people enjoying hundreds of hours of video each day. You can make money online by utilizing YouTube's reach. If you create a well-informative video and millions of people see it, that's a terrific place to start. This is what YouTubes reach feature allows you to do. 

Make sure you have some unique and valuable content. Something that people will want to see. Don't force your views onto your fans, instead, offer content that they enjoy watching and want to subscribe to

You'll get ad revenue when you reach a certain amount of views and subscribers, and you can also leverage your YouTube channel to bring visitors back to your other online assets and projects.

Paid sponsorships are another great option to generate money with a YouTube channel. If you have strong content and attract regular subscribers, you can earn money by promoting or discussing products and services in your videos.

With so many young people aspiring to become youtubers when they grow up, don’t be surprised if this is soon a professional career that you can go to college to get a degree in. 

Advantages of owning a YouTube channel include:

  • Providing valuable content
  • Having fun while making money
  • Large established user and advertiser base
  • No experience needed

Social Media Management

If you spend and enjoy a lot of time on platforms such as FaceBook, Twitter and Pinterest, then maybe you can turn your talent into a profitable business.

Companies recognize the need of being active online, yet they often lack the time and dedication to social media management. This is where you can help them out by taking care of everything on their social media platforms. This can include content creation, promotion sharing, and customer engagement.

There are several reasons to consider launching a social media management company. You'll be paid for using social media, which is fantastic if it's something you already like. You can run the business from anywhere with an internet connection, and if you already have a computer and internet access, you can get started with no money.

Social media management key benefits include:

  • Get paid for what you do for free already
  • Earn large sums for helping others
  • Recurring revenue streams

Drop Shipping

The basic concept behind an online drop shipping business is that you, as a small business owner, don't have to carry an inventory of products or manage deliveries. That removes the financial burden and risk of keeping a warehouse with products you may not sell, as well as the difficulty of shipping orders across the globe.

The only thing you need to concentrate on is marketing and advertising to attract customers and make sales. The dropshipping company will take care of the rest once you close the sales. There is little risk on your behalf because the product is not purchased until the sale is completed.

Anyone thinking about starting a drop shipping business may consider using Amazon.com to grow their business and learn how to become an Amazon seller. This is because Amazon is a well known marketplace with a large customer base to get started on. However, you should take what you learn and eventually think about opening your own online store to enhance your profit margins. 

Benefits of drop shipping:

  •  Easy to scale
  •  Low order fulfilment costs
  •  No stock to buy
  •  Easy to set up
  •  Quickly test products
  •  Easily expand into new markets

Affiliate Marketing

Affiliate marketing is where you provide custom links to products you're promoting, and you get paid when someone makes a purchase. With a blog, you can integrate advertising with content to increase the likelihood of a sale. For example, you might write a product review and then include an affiliate link to purchase the product. This also works on social media if you don’t have a blog or website.

You must publish content regularly. It might be three times each week or one post per day. Or several times a day. Maintain the same routine, whatever it is. An inconsistent posting pattern means you'll lose readers, and doesn’t make Google as happy.

Choose a lucrative niche for your online business, then select an associate partner that sells things in that market. Amazon, Conversant CJ Affiliate and Clickbank are three of the most popular platforms. They provide almost all digital information products such as video files and ebooks. Many well known brands and organizations, such as Walmart and Home Depot, have their own affiliate networks. 

The affiliate marketing model will allow you to enjoy:

  •  Passive income
  •  Helps your contacts
  •  Make money selling what you love
  •  Access to a broader market
  • Starting without your own product

For both your own PPC based or affiliate marketing business you can also leverage PPM, image and video ad networks.

Other than Google, you can also use ad networks to run banner ads on your site.  You add the code on your website and get paid when your visitors click on the ads, much the same as Google Adsense. In addition to banner ads, you can also display video ads.

In many cases, you can make more money with blog ad networks, but they often only work with websites that receive tens of thousands of visits per month. Google, however, allows you to start making money straight away regardless of the volume of traffic.

It may take some trial and error to determine which ad network is the best fit for you. PopAds, Adsterra, Traffic Force, InfoLinks, PropellerAds are great places to start.

Advertisers that wish to reach a wider audience will benefit from the growth of advertising networks. An advertising network can help you locate your audience and generate the results that you want, whether your goal is to raise awareness or drive conversions.

Ad network advantages include:

  •  Improved targeting
  •  Monetize a wider audience
  •  Save time planning
  •  Lower cost
  •  Increased reach
  •  Visually compelling 

Set up an Online Store

You can quickly and easily set up an online store if you have a computer, an internet connection and a product.

Many people make a career by buying and selling things online using marketplaces such as Ebay and Amazon. Software such as Squarespace, Shopify, Wix eCommerce, Zyro, BigCommerce can help you build your online store with ease.

Test different products until you find the right one for you. You have complete control over your customers' experiences when you manage your online store.

You can adjust anything to meet your customers needs with split tests. You can also analyze sales using research tools like Jungle Scout, PROS Pricing, Prisync and Vendavo.

Key benefits of owning your own online store:

  • High profit margins
  • Full access to customer information
  • Direct communication with your customers
  • Low hard operating costs


Whatever you are experienced in or are passionate about can be used to promote, start or fund every one of the ideas we have highlighted above.

If you have a computer and an internet connection, then there is no reason you can’t start your own online business with almost no money and grow it into an empire.

Author Bio

Alejandro Cremades is a serial entrepreneur and the author of The Art of Startup Fundraising. With a foreword by ‘Shark Tank‘ star Barbara Corcoran, and published by John Wiley & Sons, the book was named one of the best books for entrepreneurs. The book offers a step-by-step guide to today‘s way of raising money for entrepreneurs. 

Most recently, Alejandro built and exited CoFoundersLab which is one of the largest communities of founders online. 

Prior to CoFoundersLab, Alejandro worked as a lawyer at King & Spalding where he was involved in one of the biggest investment arbitration cases in history ($113 billion at stake). 

Alejandro is an active speaker and has given guest lectures at the Wharton School of Business, Columbia Business School, and NYU Stern School of Business. 

Drag to rearrange sections
Rich Text Content

Page Comments