EASY BUSINESSES TO START IN 2020 WITH NO MONEY 1. Affiliate Marketing - Affiliate marketing is something that you might have heard about. It’s a business model that does not need an inventory of your own products and you will not have to worry about shipping products to customers. Instead you can pick a profitable niche that you like and find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are www.clickbank.com www.amazon.com and CJ affiliate. They offer just about any digital product out there. And they come from big companies and brands around the world, like Wall-Mart and Home Depot. With affiliate marketing, you offer the products for sale, for example on your blog or e-commerce website. Each product has a unique link that tracks back to your account with your affiliate partner. A prospect who clicks on the link is taken to a checkout. Once they make the purchase you will receive a commission. The commission you get is between the ranges of 5 percent to 25 percent. With digital products it could be upwards of 50 percent or more. As you can see there is virtually no risk at all on your side and you do not need to make an initial investment. All you need to work on is to drive traffic to your website and advertise the products and give information about them. It is so easy to do, you simply just provide the links to the products you recommend and you receive a commission. If you are great at tech, a good way is to create a review website where you recommend the best products in your niche. You can gather clients through social media, email marketing, blogging or having a website.
2. Drop shipping : By have an online business you do not have to maintain a large inventory, or any inventory at all. That will eliminate all the financial cost and risk of having a warehouse full of stuff you might not even sell. You do not even have to think about arranging and sending the orders all over the world. In fact you do not have to manufacture or store any products at all. The only thing you will have to do is focusing on the marketing and advertising to find customers and make the sales happen. Once a sale is made, the rest is handled by others. If you learn to become great at SEO you essentially will not have to spend a single dollar in to marketing costs if you do not want to. This will really help you in the beginning as you can use social media and create niched accounts and then sell to your accumulated followers that you get with time. Once you have done that you will work with a company that specialises in drop shipping. Here is how it really works.
You list your products on a website that you create. www.shopify.com is a great tool to build easy websites with no technical background. When one of your customers then proceeds to make a purchase you purchase that product from a third party company for a lower price. This process is as simple as forwarding the order from your customer to the whole sale. This process can be done automatically. Remember you do not have any risk of buying inventory because the sale has already been made. From there your drop shipper will send the product to the customer. It is very easy, in fact there is a lot of people who do this to create a good second stream of income. When you drop ship, you can offer a wide range of products so the operating expenses of your business are very low. But what are the downsides to the drop shipping? Well you have to find a reputable drop shipper you can count on to deliver to your customers, if the order is late or does not go out or the product might be of low quality you will get the blame. Because your company is the one representing the product and customer experience. You also have to remember that the drop shipping market is very competitive, so you need to stand out a lot. You need to find great products that no one is selling to a great price. But it is still worth the time and work to make this happen as it is a very good business. One way to stand out from your competitors is to private label your products. This simply mean you buy from a whole sale with your own touch and label to it. brand and you will face less competition. If you are considering a drop shipping business I would seriously consider leveraging on amazon to grow your business. Because Amazon is an established marketplace that people know.
3. Blogging - If you have the expertise or passion for a particular subject, you can start making money by writing a blog. You can start your blog totally free. You can also create your own site and secure your own hosting for a very low price, this is what I recommend because it will be easier in the future to advertise and have advertisement on your website. You may be thinking that blogging is all about writing boring posts. But written blog posts are just the beginning, you can post photos, videos and links to other sites ( affiliate marketing).
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