How To Start Online Business With No Money: 8 Simple Steps

How To Start Online Business

Many people have a dream to start their own business, but in doing so they have to face many problems, the biggest being the arrangement of funds. As a result, most people are unable to start their own business. If you too want to start your own business then online business is a great option for you because you can start an online business with very little money.

Now suppose you have decided to do online business, the question arises how to do online business or how to start an online business with no money? So, in this article we will provide you with complete information about how to start an online business with no money. Also you will get to know the various online business ideas which you can start. It is true that you do not have to invest much money in online business. So friends let us understand in detail about how to do online business.

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What is Online Business?

Any work that you do with the help of the internet is online work and if you do business with the help of the internet then it is called online business. You can do online business from anywhere, you only need a mobile, a computer or laptop and internet connection. We can do this business from home and earn a good amount. Housewives looking for work from home opportunities can easily do online business.

How To Start An Online Business With No Money?

There are a few things you need to know before you start your own online business. We all know that we need to put in a lot of hard work to start any business. Once you will learn about some basic things you can definitely run a successful online business.

Step-1: Business Idea

To start an online business, you must first choose the right business idea. While choosing the right business idea, you must be careful not to choose a business in which there is more money. To choose the right business idea, you must keep in mind to choose such a business that you know the most about.  You should also be clear whether you want to sell some kind of service or product. This is the first step of how to do online business on which the whole business depends. So do enough research about it before choosing your business idea.

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Step-2: Register Business Domain

Since you want to do online business you have to register your business online. For this, you have to buy a domain according to your business name. You will find many websites on the Internet like Godaddy or Namecheap where you can buy a domain. While buying any business domain, you should keep in mind that whatever your business name is, it should be in your domain. To buy a domain:
  • Visit any of these websites and sign up, and create an account.
  • Then whatever domain you want to buy, search for it in the search box. If the domain you searched is available then you can buy it otherwise you will have to buy another domain.
  • If the domain you have searched is available, then you have to fill a form.
  • Fill in all the information required and then click on Next. Now you will be asked to make payment. Whatever payment method facility will be available, you have to pay the amount of your domain (maximum Rs 1000). With that, your process of registering your domain will be complete.

Step-3: Buy Web Hosting

After buying a domain name, you have to take web hosting for your online business, after which you can set up your online business. There are many websites on the internet that give you free web hosting. With the help of web hosting, you take a place on the Internet where you can provide your service or information to the people. There are many websites that provide web hosting services. Many of these offer web hosting for free. But try not to go for free hosting. Because in the beginning it will work quite well, then as soon as traffic increases on your website or blog, your web hosting will stop. Buying a good web hosting will cost you approx Rs 4000 a year.

Step-4: Design a Website

The design of your website should be related to the type of service and product you want to sell. While designing the website, you must keep in mind that the website should be user friendly, responsive and fast. Overall, you have to design your website in such a way that if someone comes to your website, they spend some time there.

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Step-5: Search Engine Traffic

To earn profit from your business, it is very important to have a customer base. Every day millions of people search for the things they need, for which they use the search engine. You need to drive such people to your blog or website in an organic way. To bring customers to your blog or website in an organic way, you should have knowledge of SEO (Search Engine Optimization). You can take the help of Google to get some information about SEO. Once traffic starts coming to your blog or website in an organic way, then you will start earning a lot.

Step-6: Digital Marketing

The next step of how to do online business is digital marketing. Selling your service through the Internet and earning money from it is called digital marketing. After starting an online business, you need to market your business. This allows more and more people to know about your business.

You can use Google AdWords to market your business online. By investing very little money you can make your business reach more and more people, that too without any help from anyone.

Step-7: Social Media

In today’s time people spend most of their time on social media. You have to use this to advance your online business. After starting any business, it is necessary to promote it. There are many social media platforms, with the help of which you can promote your online business. On these social media platforms, you can reach your target customers very easily and sell your goods or services.

Step 8: Source funding

Research shows that 29% of small businesses fail because they run out of cash. You might say that working capital is required for offline business and not online. But to survive and thrive, online business also requires little investment—extra money they can use to invest in marketing etc.

Options to fund your online business venture include:

  1. You can depend on your own personal savings.
  2. If you don’t have savings you can take the help of family and friends.
  3. Chit funds are a suitable alternative for both short- and long-term funding. In chit schemes people generally contribute a certain amount of money that is pooled in every month and auctioned. In this way, you get a chance to take the lumpsum amount each month. When you take the entire amount you pay back in installments.  When you invest in chits, you earn a higher return if you do not withdraw during the entire duration. On the other hand you pay less interest if you ever need to borrow money. The Money Club is one such registered online chit fund platform which has more than 3.5 lakh satisfied members.

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How To Do Online Business: 15+ Online Business Ideas

Here is a list of ideas related to how to start an online business with no money. Many of these online business ideas are passive income ideas, for example creating a YouTube channel, blogging etc. 

Related: Difference Between Active Income And Passive Income

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  • YouTube
  • Blogging
  • Web Design
  • Podcasting
  • Affiliate Marketing
  • Online Seller Business
  • Dropshipping
  • Social Media Consultant
  • Virtual Assistant
  • Print on demand
  • Photography
  • Business coaching
  • Tutoring
  • Travel planning
  • Resume writing and career coaching
  • Online recruiting
  • Sell handcrafted goods- Artwork, Crafts, Jewellery, Woodwork, Sewing craft, Home-décor, Painting, Crocheting
  • Sell digital products- Ebooks, Online courses , Worksheets or templates
  • Become a social media influencer

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Key Takeaway

Before starting your business, you must keep in mind that it’s not going to be an easy task. It’s going to take a lot of time, effort, and patience to succeed. As in any other business, you need to come up with a solid idea, build a brand, make an effort to promote yourself, and be ready to constantly experiment until you achieve success.

So friends, I hope that how to do online business and this information about online business ideas must have been beneficial for you.

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