There are a variety of ways to become an online entrepreneur with no money. You can become an online entrepreneur with no money by self-publishing e-books, taking surveys online and growing social media accounts. Those are only a few of the routes online entrepreneurs can take if they don’t have the funds to get started.
Online entrepreneurs are more common in today’s digital era than ever before. Entire businesses can be built without ever having to leave your home. The online entrepreneurship process starts with building digital assets that can be sold for a profit. From there you can scale up your business, but starting with no money is the difficult part.
In this article, you’ll learn how to become an online entrepreneur with no money.
What is online entrepreneurship?
An online entrepreneur is someone who owns a business entirely on the internet. These online entrepreneurs build valuable digital assets that generate money.
Anyone can become an online entrepreneur as long as they have access to the internet. Having a computer is no longer a requirement to be an online entrepreneur because there are businesses that can operate via a smartphone.
How to become an online entrepreneur with no money?
Most online entrepreneurs start with no money by growing a side hustle. Starting with a side hustle is a more secure way to begin your online entrepreneur journey.
Side hustles, or side jobs, can be done while also having other streams of income. Once you’ve gotten comfortable enough with a side hustle, that’s when you can scale it up to become an online entrepreneur. The best part is there are a lot of side hustles that can you into an online entrepreneur with no money needed.
Here are a few jobs you can do to become an online entrepreneur with no money:
Becoming an author by self-publishing e-books is one of the best ways to become an online entrepreneur with no money. It’s because the entire process is done in-house by you, the author.
You can write an entire e-book for free by using services like Google Docs and Reedsy. After your book is written, you can also self-edit it for free.
After that, you can use free graphic design platforms like Canva to create a high-quality cover for your book. Once your book’s content is written and the cover is created, the final step is formatting it and uploading it online.
Formatting an e-book can also be done in Google Docs or Reedsy. As far as selling goes, authors can decide to sell their books on a free platform like Kindle Direct Publishing on Amazon.
There you have it, a complete, quick overview of becoming an online entrepreneur by self-publishing an e-book.
If you don’t like the idea of publishing an e-book, you can also make money on Textbroker, which is a free content mill.
Create an online course
Creating online courses has emerged as a popular way to make money for online entrepreneurs. If you specialize in a specific field that people want to learn, you can create an online course for free and sell it.
Online courses can be created for free by utilizing tools like Google Slides, YouTube or Prezi. From there, you can create powerpoints with information and record yourself explaining each slide.
Creating an online course is as simple as that. Online entrepreneurs can price their digital courses anywhere from $50 to a couple hundred dollars.
Take surveys online
Taking surveys online is a simple and effective way for online entrepreneurs with no money or experience. Your opinions are valuable and worth a lot of money. Companies are willing to pay you for your ideas.
Here are a few online survey sites to make money on are:
Once you get the hang of getting paid to take online surveys, scaling up your business is the next step.
Grow social media accounts
Whether you’re an influencer or just have something important to say, you can earn money growing social media accounts like Instagram, Twitter and LinkedIn.
The way to monetize your social media following is by marketing your other digital assets (e-book, online course, etc.) or with affiliate links.
Programs like Amazon Associates and ClickBank are great ways to get affiliate links for products. Simply including an affiliate marketing link in a post is a great way to get it in front of your followers. If any of your followers use your link to purchase a product, you get paid a commission.
Tens of thousands of dollars can be made with affiliate links from social media accounts, making it a great business for online entrepreneurs.
Sell online services
Depending on what your field of expertise is, you can become an online entrepreneur as a freelancer or contractor. Selling your digital services on a platform like Fiverr is a great place to start your online business.
The online services you sell will vary depending on what you excel at. Having education or experience in a specific field allows you to monetize those skills and sell them online.
If you don’t have a specific skill you can sell online then you can offer online services like editing or copywriting.
How much can you make as an online entrepreneur?
Depending on how successful you are as an online entrepreneur, your salary will vary. Some online entrepreneurs earn hundreds of thousands of dollars every year just by doing affiliate marketing or selling e-books.
One thing to note is that you’re not likely to make a lot of money in your first few years as an online entrepreneur. Unless you were already growing a small business or side hustle, it will take time for your business to get off the ground.
That is the risk associated with becoming an online entrepreneur. You won’t be sure how much money you’ll be making or how to make more money. Starting with a side gig is a great way to reduce your risk of becoming an online entrepreneur.
What is the easiest online business to start with no money?
The easiest online business to start with no money is self-publishing books on Kindle Direct Publishing. You can publish books completely for free by writing them yourself, using Canva to design a cover and finding free templates online.
If you decide to publish low content books, like journals or calendars, then you can quickly produce e-books for free. Publishing low content books on Amazon are a great way to start an online business with no money. It’s a common route for many online entrepreneurs.
The difficulty of starting an online business depends on what route you’d like to take and think you will be good at.
How to become an online entrepreneur in 2022?
You can become an online entrepreneur in 2022 by turning a side hustle into a business and sticking with it. Becoming an online entrepreneur in 2022 will be more popular than ever so competition is going to be high.
There will be both good days and bad days but the goal is to keep your business growing and moving forward. You can become an online entrepreneur at any age in 2022, but typically you’ll have to be at least 16 to start. College students can make money with no car if they become online entrepreneurs.
Making smart business decisions as an online entrepreneur will be important in 2022. You will make mistakes during the process, but avoiding pitfalls and learning from past failures is necessary to succeed.
What are common mistakes of online entrepreneurs?
Common mistakes of online entrepreneurs include quitting your day job too soon, quitting your online business too early and not doing enough research. It’s crucial to learn everything there is to know about the business you’re going into. The more you know, the better you’ll be able to apply yourself and increase your chances of success.