THE year 2020 has been quite a rollercoaster and the pandemic has led to the downsizing of many organizations, retrenchment of many employees while the lucky ones who still have their jobs have had their monthly wages slashed. As reality hits in, people are out seeking multiple ways to earn income, how to be their own boss. And so they frequently ask these questions; How do I start a small business with little or no capital investment? How do I come out of this pandemic better of like Jeff Bezos?
Successful Entrepreneurs opine that one must always take risks, observe problems, note gaps and then create ventures that will fill those gaps or solve problems. Running to people for capital for your business is stale when there are several businesses ranging from the service business, consultancy, performance-based business, education, a brokerage which you can pick a business to start from these categories with little or no capital. Hence, I have come up with six small businesses you can start today.
1. Ebook Writing
You can become a paid Ebook author from the comfort of your home and with little or no capital. Earn lots of money from writing a book and publishing it online; There are many online apps that permit you to upload your writings for free and then you get paid after the sale.
2. Interior Design
If you have great insights in designs and a passion for helping people transform their homes, then you can offer your interior design and planning services to people, while the connections you have built can recommend you to other people.
3. Tutor
Kids need extra lessons in learning how to read, write, perform in sports and other subjects, some people need a life coach, a body fitness instructor, tech supports and you may just seize the opportunity to help them learn the skills and subjects they need. So, if you have a passion for helping people learn, then this is a business you should consider and make cool cash from.
4. Affiliate Marketing
Many companies are in need of online marketers that can help push products or sell them to a large audience. Some of these affiliate programs also let you earn an income by referring potential customers to their websites. You becoming an affiliate marketer is a great idea. All you need is internet access and your phone.
5. Errand Service
You can offer dry cleaning, laundry and shopping services to people and get paid.
6. Graphic design
By learning how to design with some of the free cloud-based tools such as Canva, Adobe Photoshop, CorelDraw, you can create amazing and basic graphics for clients.
Extra tip: Make use of the resources accessible at your disposal, be confident, seek knowledge, utilize your skills effectively and explore your connections. Starting up a business with no capital is possible, I encourage you to give it a try.
