Are you looking for the best online business ideas for beginners? Here are the top 10 online business ideas with low investment and high profit potential. If you are looking for a great home business without investment required, hopefully in this article you will find a lucrative business with high ROI (Return on Investment) that suits your needs!
Welcome to our article about the 10 best online business ideas for beginners! These are business ideas with low investment and high profit potential that can change your life! Starting a home business without investment is challenging but it can be really fun!
Will this year be the year that you start an online home business? Maybe you have thought about it, but you have been overwhelmed with business ideas and don’t know where to start!
I bet you have thought about what it would be like to take one of the many online business ideas for beginners and turn it into a million dollar a year business. Perhaps you have imagined what your life would be like if you could quit your job and just work from anywhere in the world online.
Maleah and I are finally in that place. We worked hard on our business ideas with low investment and high profit potential and finally we reached our goal of financial freedom. We escaped the 9-5 grind and work from all over the world.
Unfortunately, people are often put off from starting a business because they think that you need to spend a lot of money to start. This is just not true! You can start a home business without investment or any money upfront.
Sometimes people are scared to leave the security of a job to start an online business. This is an easy fix! Just start an online business on the side and grow the income until it surpasses your salary. Then quit your job and work full-time on the business.
SIDENOTE! INVESTING DIVA!
In this article, we want to show you 10 online business ideas for beginners that can change your life. These are businesses with low investment and high profit potential that you can start today.
So, if you are ready to take that leap into becoming an online entrepreneur, check out these 10 great online business ideas for beginners. Don’t just read them! Take massive action and I promise you that your future self will thank you for it!
Disclosure: Please note that some of the links on this page are affiliate links. This means that we may earn a commission, at no cost to you, if you decide to make a purchase after clicking through the link. Please understand that we have experienced all of these companies, and we recommend them because they are helpful and useful, not because of the small commissions that we receive if you decide to buy something through our links. Please do not spend any money on these products unless you feel you need them. These are our own favorite online business ideas for beginners that want to start an online business with high ROI.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>>CLICK HERE TO LEARN MORE! <<
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
10 Online Business Ideas for Beginners
Let’s get started with some of the best low-cost business ideas with high profit potential. All of these businesses will take some hard work, but you can produce a business with high ROI if you commit to the journey. You can build a home business without investment (well, a minimal amount of money) but it is impossible to do without the work!
1. Proofreading Online as a Freelancer
If you have been checking out business ideas to work from home, you will likely have seen that starting a proofreading business online can be quite lucrative. Many people are attracted to freelance proofreading because they are great at spotting mistakes. Many people are proficient at spelling, grammar and punctuation and therefore it would seem like a natural way to make some money from home.
Proofreading online is certainly appealing to many people. The ability to build a business and work from home or anywhere else in the world is intoxicating. There is a huge demand for proofreaders, mainly due to the explosion of online documents that need to be polished.
What Is Proofreading?
Proofreading is the final polish at the end of the editing process. It is not a job that I would be any good at. I don’t have the eye for details that a good proofreader needs to have. Proofreaders don’t do massive content or structural edits, rather they just look for spell, grammar and style mistakes. After a proofreader has been through a document with a fine-toothed comb, the document should be publication ready.
Proofreading is a great home business without investment required to make money online. Freelance proofreading can be an online business with high ROI, if you do it correctly.
Who Is A Typical Client for a Proofreader?
There are so many potential clients from bloggers to eBook publishers. Anyone that produces content online is a potential client! You can choose to specialize or just stay as a general proofreader. There really is not a ‘typical’ client!
What Is the Earning Potential?
According to ZipRecruiter, the salary ranges from $26,000 to $96,000 for a freelance proofreader. We certainly know a few freelance proofreaders that make $100 per hour.
Required Skills
The first thing that you need is to be able to complete the work – good grammar, spelling and punctuation skills. You will need to know about the standard proofreading notation and styles. Many people don’t realize that proofreading also involves style editing. The rules can be extensive and complex. For more information you can read The Chicago Manual of Style that many online publications follow/
You also need to have the business skills required to advertise, find clients, set your rates and scale your business.
2. Virtual Bookkeeping Business Online
What is Virtual Bookkeeping?
Virtual bookkeeping is a growing industry that provides small business owners with a bookkeeping service remotely. The businesses financial transaction records are the responsibility of the virtual bookkeeper that tracks them using special software. We wrote an article about the pros and cons of a freelance bookkeeping business.
Who Is A Typical Client for A Bookkeeper?
There really is not a typical client! However, clients are nearly always small businesses with very few employees. Clients realize that it is more cost efficient to outsource their bookkeeping.
What Is the Earning Potential?
The earning potential is extremely large if you build out a business. If you are just freelancing by yourself, the typical rate of pay is about $85 – $125 per hour. It is one of the most lucrative freelance jobs in the world.
If you hire other bookkeepers and build a scalable business, the income potential is unlimited! A Bookkeeping business with high ROI is quite common, thanks to the low overhead.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>>CLICK HERE TO LEARN MORE! <<
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
Required Skills
You need to have great data entry skills, knowledge of bookkeeping principles, organization skills and attention to details to be a great bookkeeper. You also need to have great marketing skills to be able to find clients and succeed at this business.
How to Learn the Skills
The best course that we have purchased to learn bookkeeping is called Bookkeeper Launch by Ben Robinson. Bookkeeper Launch is a complete course that gives people the skills that they need to go from zero to fully functioning bookkeeper business owner! No experience or degree needed.
Get instant access to 3 free bookkeeping business classes!
3. Start A Money Making Blog or Website
What is Blogging?
Blogging is simply writing and publishing information on the internet. You are of course reading a blog right now….
A blog use to be a simple online diary with regular posts by the author. These days, blogging is simply a way to communicate information to others online. Some people blog because they have a passion for a subject and some do it solely to make money.
What Is the Earning Potential?
The earning potential of a blog is pretty much unlimited. You have many different choices in how to earn money from a blog. Here are a few of the most popular monetization methods:
1. Advertisements. Ads are placed on the pages of your blog and you get paid when people view them or click on them.
2. Selling You Own Products. You can use your blog to sell eBooks, courses, printables or anything else that you have created for your audience.
3. Affiliate Marketing. You can sell other people’s products to your audience through special tracking links. When a sale is made through your link, you make a commission on that sale.
4. Sponsorships. You can get paid by companies and brands to write reviews of their products or just to mention them on your blog.
These are just some of the more common ways that people are making money from their blogs. Many people are making $100,000+ a month with their blogs! Just remember that you have to work hard at building a blog by publishing quality content regularly etc. You can’t just throw up a few blog pages and expect the big bucks to come rolling in!
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>>CLICK HERE TO LEARN MORE! <<
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
How to Learn the Required Skills
Here are some resources to help you get started with your first blog:
- How to Start a Blog (Step-by-Step guide).
- Our Favorite Blogging Courses
- 7 Blogging Tips for New Bloggers
If you want to make income from your blog, you will need to learn how to drive visitors to your site. This can be done with social media and making sure that your site appears in the Google search results.
Our favorite course that helped us monetize our blogs using affiliate marketing is called Making Sense of Affiliate Marketing. We are also members of a great affiliate marketing community called Wealthy Affiliate. You can even get a free blog as well as some of the best affiliate marketing training if you sign up with them.
4. Start Teaching English Online as a Freelancer
What is Teaching English?
Teaching English online is a great way to make extra money. Generally, you teach English as a second language to kids in other countries. This is one of my favorite online business ideas for beginners because it is easy to start.
Who Is A Typical Client?
You will typically work as a freelancer for the parents of Chinese or other Asian kids.
What Is the Earning Potential?
The rate of pay varies from about $15 – $25 per hour. This is not a scalable business – you will always be exchanging your time for money.
Required Skills
You need to have a degree (in any subject) and usually live in the US or Canada. Teaching experience is a plus.
Where You Can Find Work
Our favorite place to find work as an online English teacher is a site called VIPKID.
5. The Art of the eBay Flip
What is eBay Flipping?
The eBay flip is simply where you find an item (at a thrift store, garage sale, flea market etc.) and sell it on eBay for a nice profit. A passion for buying and selling really helps with flipping on eBay. This is one of my favorite online business ideas for beginners because you can start with $10! It can still be a great home business without investment, but you will need a little money or time to get started.
What Is the Earning Potential?
The earning potential is unlimited. You can make $100,000+ a year and build a bigger business if you want. Most people just do eBay flipping as a lucrative side business. You can start small and only try to flip low-cost items.
Required Skills
You need to have a good grasp of the intricacies of selling on eBay. You should also know what to look for to resell and how to make sure that you get the items that will be the most profitable. It is also very useful to have good deal making skills! Haggling over prices is part of the fun of an eBay flip business.
How to Learn the Skills
We recently took a really great course that helped us to earn over $6,000 in a few weeks selling stuff on eBay! The course is called Flipper University by Rob and Melissa (aka The Flea Market Flippers).
6. Freelance Writing Business
What is Freelance Writing?
This is one of my favorite online business ideas for beginners because the barrier to entry is quite low, and the income potential is very high. Freelance writing online involves writing articles for bloggers and other online publications. Freelance writing is one of the best business ideas with low investment and high profit margins.
Who Is A Typical Client For A Freelance Writer?
Our freelance writing friends mainly write articles for bloggers. Typically, these articles are 1500+ words long and on a variety of different topics.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>>CLICK HERE TO LEARN MORE! <<
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
What Is the Earning Potential?
One of our friends makes $200,000 a year from freelance writing, but this is not typical. Usually you can expect to earn $50 an hour or so.
Required Skills
Obviously, you have to be able to write well! Communicating with clients, setting your rates and marketing are all important skills to have.
How to Learn the Skills
You can learn everything that you need to know to become a great freelance writer from our friend Holly. Holly has a great course called Earn More Writing which will help you a lot!
7. Stock Trading
What is Stock Trading?
This is NOT one of my favorite online business ideas for beginners because it takes significant capital to start. However, it is a business with high ROI and it can be a lot of fun!
What Is the Earning Potential?
The earning potential is unlimited, but it does depend on how much capital you are starting with. You can make 50% a year on your starting capital if you are dedicated and work hard.
Required Skills
You need to be able to read stock charts, understand financial statements, and be disciplined enough to follow your own trading rules.
How to Learn the Skills
We wrote an article that introduces you to how we make money trading stocks. You can learn the basics from that article.
Side Note: Come and join our stock trading alerts Facebook group (How To Make Money With Stock Alerts Services)! We also have a Stock Alerts Reviewed YouTube channel which we hope are helpful. As a new trader it’s helpful to be part of a community of traders so you don’t feel you are battling the market alone!
8. Flipping Tickets Online
What is Ticket Flipping?
Ticket Flipping is a bit like eBay flipping but with the tickets to entertainment events. You can buy tickets to events when they go on pre-sale and then sell them for a large profit if the event sells out. This is a great home business without investment needed.
What Is the Earning Potential?
The earning potential is high, but you will have to scale the business up by reinvesting your profits. You can certainly make a few extra thousand dollars a month with this as a side hustle initially.
Required Skills
You need to be able to find tickets and know how and where to sell them. It is a complicated business with a steep learning curve.
How to Learn the Skills
My friend has a course where he teaches you all about the art of ticket flipping online.
9. Amazon FBA
What is Amazon FBA?
Amazon FBA is a really cool way to start selling products online. It is one of the best online business ideas for beginners because it is a home business without investment required. You can scale it slowly by reinvesting profits. Amazon FBA is one of the best business ideas with low investment and high profit potential.
You are able to use Amazon’s world-class distribution network to do all the hard work of storing inventory and mailing products to customers. This allows you to focus on marketing etc.
Here is an overview of how Amazon FBA works:
1. Setup an FBA account on Amazon
2. Make a catalogue of products that you want to sell
3. Have your products shipped to Amazon (either your own or purchase your wholesale inventory and have products shipped directly to Amazon)
4. When your customers order, Amazon will take care of everything needed to get them to the customer
5. Amazon handles EVERYTHING including refunds etc.
What Is the Earning Potential?
The earning potential for Amazon FBA is unlimited. We recently wrote an article about a guy that made $500,000 on Amazon FBA! Many people are able to make $10,000+ a month using Amazon FBA.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>>CLICK HERE TO LEARN MORE! <<
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
Required Skills
You have to be able to pick the products that will sell and know how to market them so that they do. Easier said than done! There is a lot of trial and error involved to make this a business with high ROI.
How to Learn the Skills
There are many free and paid courses, eBooks and blog posts about how to learn Amazon FBA. Here is a highly rated UDEMY course about the business. There are plenty of other courses around that can be found via a quick Google search.
10. Dropshipping Business
What is Dropshipping?
Dropshipping is very much like Amazon FBA! But you don’t have to use Amazon. You sell other people’s products via a website for a profit. This is one of the best business ideas with low investment and high profit potential.
What Is the Earning Potential?
Many people are making millions of dollars a year by dropshipping! Dropshipping is a business with high ROI potential.
Required Skills
You have to be able to source products and sell them for a profit. It sounds easy but it isn’t! Marketing is one of the key skills that you will need!
How to Learn the Skills
One of the best courses in the world that teaches you how to dropship is called H-COM.
Conclusions: The best home business without investment?
Well there you have it – The best online business ideas for beginners in our opinions. These are mostly business ideas with low investment and high profit potential. If you are looking for a business without investment needed, the ideas in this article are well worth your consideration.
Do you have any ideas for an online business with high ROI? We are always eager to hear about low investment high profit business ideas, so let us know in the comments below.
Good Luck!
Russell and Maleah
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