Are you looking to start up a small business online but you have little or no idea of what to do? Well, you are not alone. The truth is that many entrepreneurs struggle when it comes to choosing the right business idea. In this post, we will share 5 online businesses you can start right now that require little or no capital.
Online Business Ideas You Can Try Out Today
- Social Media Management
- Business Coaching
- Affiliate Marketing
This is easily one of the most lucrative online businesses you can start right now from the comfort of your home; you can even do this as a side hustle. An affiliate is essentially someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel like eBay.
If you’re a good salesperson then, affiliate marketing is definitely something you should try out. The best part is that you don’t need to create any of the products by yourself; all you have to do is sell the products you’re given and earn your commission.
Social Media Management
With many individuals and organizations using social media for business, social media management has become a viable business. Social media management isn’t a capital-intensive venture; all you need is your smart device and internet access.
You can learn social media by taking a few courses online while practising what you learn with your own page. Tools like Hubspot and Buffer make it easy for you to manage multiple social media pages simultaneously and drive results for your clients.
Blogging used to be the favourite pastime for many people. These days, however, blogging has become one of the most common online businesses that you can explore without any hassles. It is also very lucrative in the medium and long term.
The major skill you need for blogging is knowledge; that is, you must have good knowledge about the subjects you want to blog about. You must also know how to put thoughts into words in a concise and exciting manner.
Sharing video content is another way to make money on the internet. YouTube is changing the way people search and consume information on the internet. These days, people do not only search for written information; they also watch videos for information.
Vloggers make a lot of money from creating and sharing video content bothering on different areas like music, tech and lifestyle. As a vlogger, you can seal brand influencing and partnerships with different organizations, and this improves your income level.
To pull this off, you need to be highly skilled in a particular field or business area since your knowledge is basically what you would sell. Also, you must have a flexible schedule that affords you some extra hours to organise coaching sessions.
You can pitch your services to both individuals and organizations. If you’re really skilled, you can land big-time business coaching gigs and earn a lot of money from this. You can also create business courses and sell online via e-learning platforms like Coursera and Udemy.
Social media platforms and other online channels make it easy for you to start up a small business in Nigeria. As you explore any of the ideas we’ve shared in this post, be sure to build a website to boost business growth and online visibility.