5 Businesses To Start Online With No Money, According to Ramit Sethi
As long as you have a mobile device and an internet connection, you can generally get a business up and running without money and minimal training. And in many cases, your business can serve as a side gig to your full-time job.
The rise in online commerce has led to a similar rise in financial experts offering tips on how to start an online business — including Ramit Sethi, author of the bestselling book “I Will Teach You to be Rich.”
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Sethi has laid out numerous ways to earn money online on his website (also called I Will Teach You to Be Rich). Here’s a look at five online business ideas to start without money, based on Sethi’s (and others) recommendations.
1. Virtual Assistant
Sethi noted that a virtual assistant job is ideal if you are “an ace at arranging family vacations and organizing your spouse’s calendar.” The role is mostly freelance and you can do it remotely. Rates are typically charged by the hour, which means you’ll “build your earnings relatively quickly.”
2. SEO Specialist
Hubspot and Udemy offer “neat courses” for those looking to get into search engine optimization SEO, according to Sethi. You’ll need to keep up with the latest algorithm updates and use your networking skills to find clients. Otherwise, you can set this business up quickly with either a website or an online profile with a portfolio of projects.
3. Creative Sales and Services (Art, Digital Products, Writing)
Creators have numerous ways to earn money online with no money required, ranging from selling art online to writing web content. The main requirement is that you have the talent and training to produce work that people want to buy. Visual artists can promote their work on social media sites as well as e-commerce platforms like Etsy and Shopify. If you want to write web content, Shopify recommends using freelancing marketplaces such as Upwork.
4. Online Coach
This is a good option if you have the skills and expertise to help clients improve in a number of different areas, from employability and finances to mental and physical health. Sethi recommended packaging your services into online courses or sessions.
5. Content Strategist
Sethi called this a “new role” that works well for those with a marketing background. The job involves working with content writers, copywriters and SEO specialists to develop content plans for clients. It’s also in “high demand,” according to Sethi, and you can do it completely remotely.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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