The pandemic has changed our perspectives about making money online and offline, and the internet has helped place a level playing field for people. Information is now readily available, and we can easily promote our business through Social media and other online tools. And during the pandemic, many people have rediscovered themselves in various aspects of their life, including businesses. After losing their jobs on lockdown, some found other means to make money and thus start a new business, while others discovered the internet to learn new skills and leverage their businesses.
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So today, we are looking at profitable businesses you can start with no capital. Then, we will look at offline and online opportunities that have presented themselves during the pandemic and will thrive post the pandemic. We spent more time at home during the pandemic due to lockdown, and while some people were fortunate to work from home, others lost their jobs. Others were able to find opportunities in the challenges that presented themselves.
And from our research, we will list those profitable businesses you can start with no capital in the present global economy.
If you are the kind that spends much time online, then you should monetize your online activities. With drop shipping, you do not have to own a store or products to sell goods online, and this is a profitable business for those that do not have the capital to earn selling products online. All you need to do is register with one of the global dropshipping companies to select the categories of products you wish to promote, from fashion items, phones and accessories, computers, and much more. The significant part about dropshipping is that you do not need to maintain a physical shop. A website is not necessary to promote the product on your social media platforms, and you do not need to keep inventory. Instead, earn money when people purchase using your link, and it is as easy as it sounds.
Many people learned skills from online tutors during the pandemic, watching videos and following instructions across several mediums. Now, if you have knowledge or skills set, you can pass on, such as teaching how to perform specific tasks online, tailoring, or creating a website. In addition, you can now monetize your skills by teaching people online using any suitable platforms online. All you need without investing much is your camera from your Smartphone and some free software to create online videos, and you can start selling your course. Also, you will find companies online that will be willing to pay you to feature your lesson on their platform. Online tutoring is a lucrative business if you can identify highly sought-out niches, usually those very lucrative skills such as digital skill courses, cooking, and educational courses.
The internet has made it easy for us to share our knowledge on a global scale quickly. Nowadays, it is easy for people to search for experts in a specific field and pay for consulting services. Lifestyle tips offer consulting services to help improve the lives of our targeted audiences in their businesses, relationships and other aspects of living. You can make money as a consultant with a particular skill set or advanced knowledge in social media marketing, coaching skills, relationship experts, legal experience, health experts and other specialized skills. And leveraging the internet and online tools, you can easily promote your consulting business and reach out to your targeted audiences.
If you know your way around the city, the quickest route or those with less traffic, you can start your delivery service business. All you will require is a vehicle for easy movements, such as a bicycle, a bike or a car for fast navigation through the streets. You can start with businesses or help people in your neighbourhood deliver items or packages within the city for a fee. You do not necessarily need any capital to start this business unless you want to establish it on a large scale. All you will require is to get a means of transportation, and you can start with whatever transport you have like a bicycle, bike or your vehicle. Get your neighbours, friends and families to know that you run errands and deliver for them. Meet with your local restaurants, fast food joints, and other businesses that may need your services.
Check out your neighbourhood, and if you have people with pets, you should consider opening up a pet servicing business. Identify people in your location who will need your services and pitch to them to take their dogs for a walk, groom them, and other related services. People may likely want someone to do much of the arduous task of taking care of pets, such as the elderly, workers and those who don’t want to perform these tasks. You can place posters in strategic locations such as the mall, park and street to promote your services.
We hope you find this content useful; comment and drop your opinion below. Also, you should share the content with friends and families on your social media pages. Sign up for our newsletter and subscribe to get recent posts and check previous posts to get more insight on lifestyle tips. You can also check out my previous blogs such as “Businesses You Can Start in 2022“. Now that you have read the top 5 profitable businesses you can start without capital, you should carry out your feasibility study to understand more about the business and how it will be worthwhile to you with the demand in your locality.
Recommended books for further reading:
- The Ultimate Small Business Marketing Book
- Social Media Marketing Workbook: How to Use Social Media for Business
- The Marketing Book: a Marketing Plan for Your Business Made Easy via Think / Do / Measure
- The Lean Startup: How Constant Innovation Creates Radically Successful Businesses
- Crushing It!: How Great Entrepreneurs Build Their Business and Influence-and How You Can