3 Low Cost Online Business Opportunities

Starting Online Business

Starting a business can be a time-consuming and costly process. Franchises can have upfront costs and many times reoccurring fees as well. Purchasing a building for your business might not be in your budget and you’d have to take out a loan to do so. Don’t forget one of your most expensive costs: employees! If you daydream about starting your own business, why not consider starting out on the Internet? Here are three low cost online business opportunities you can start with the computer you’re using right now.

3 Low Cost Online Business Opportunities

1. Professional blogging.

Bob’s popular (and massive) article, How to Make Money with a Blog, is a must-read for those of you who are interested in making money online. Yes, you can make money online, and what better way to do it than by blogging about your hobbies and interests?

I don’t know about you, but when I want to learn something I turn to the Internet (Google, more specifically). When you publish an informative and/or interesting article, it will get traffic. Professional bloggers monetize this traffic by recommending a product or service they love or advertising through programs like Google AdSense.

For those of you who are serious about becoming a professional blogger, consider signing up for Blogging Your Passion University. Bob Lotich and Jonathan Milligan have created an exhaustive resource of video walkthroughs there that will take you through the process step by step.

2. Online storefronts.

We’ve all heard eBay success stories. There are so many of them! Why can’t you be one of them? In addition to your eBay store, you can have your very own website that links to your eBay store and further advertises your business.

You can sell all kinds of things on the Internet, even downloadable items such as eBooks! E-junkie.com allows you to store and sell downloadable items in conjunction with PayPal.com. This automates the process to allow you to sell even while you’re sleeping!

Do you make handcrafted goods, want to sell vintage items, or have supplies you can distribute? Give Etsy.com a try. Again, it helps to have your very own website so that people who search for your online business can see a unique page describing what you do. You might even want to add some YouTube.com videos to your website for further promotion!

While having an online storefront often requires more overhead than professional blogging, you’ll still save money by not having a brick and mortar storefront.

3. Virtual consulting.

Are you an expert at something? Use your knowledge to start a virtual consulting business! Many times all you need is a website, a phone number, and an email address. Check your state’s laws regarding consulting before you begin your business.

There are some great opportunities here to provide people with the information they need and get paid for your services. Brainstorm a few ideas and launch your online consulting business!

How to Launch Your Online Business

The beauty about starting an online business is that you are able to keep down your overhead. You don’t have to pay for a physical location, you can easily create your own brand using a simple graphic editor program, and employees are many times optional. You can also test a few business models to see what works well for you – without risking large amounts of money. Once you have an idea of what type of online business opportunity you want to pursue, it’s time to launch your website. Here are some things you can do to get started!

Sign up with a web hosting company.

Bluehost is an excellent web hosting company and what I personally use over at my website. They offer unlimited domain and storage space, and have very helpful customer care staff. Plus, they’re one of the lower cost hosting companies out there.

Picture web hosting as the plot of land your online business rests upon. Your hosting company will store your website’s files so that people can access your site. It’s their job to make sure your site stays online and lightning fast.

Choose your domain name – carefully!

When you sign up for your web hosting, typically you are given one free domain name to choose (this is the case with Bluehost). Make sure you choose wisely, as this is your online business address (http://christianpf.com is the main business address of ChristianPF). Give this one some time to think through.

It is helpful if your domain name matches what the business actually does, and if you choose your address carefully, it might even rank well in the search engines (for example, Bob also owns http://christianpersonalfinance.com).

Grab some social media addresses.

Facebook.com and Twitter.com are great places to announce your online business. They are also excellent places to interact with your customers! You’ll get all kinds of feedback on your business and ideas for making positive changes. You can make a page on Facebook and tweet specials or articles from Twitter. Don’t underestimate the power of social media!

With a little homework and the right tools, you can launch your online business and pursue the job of your dreams – for very little cost! Now go make some money!

Do you have additional low cost online business ideas? Share them in the comments or leave a question below!










FTC Disclosure of Material Connection: In order for us to maintain this website, some of the links in the post above may be affiliate links. Regardless, we only recommend products or services we use personally and/or believe will add value to readers. Read more here.

7 Comments
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  1. There are a few other alternatives in addition to the above mentioned. I promote survival foods on my site and many times it cost you nothing to get started. I put about an hour or two a night into promoting my products and I am now starting to see an income.

    I started with a $50 dollar investment and all of my advertising is free. I would honestly recommend to anyone to do what I do.

    Great site you have here.

  2. Good suggestions. I have recently started blogging about my passion and learned how to earn a little extra income at the same time. I had no idea how many opportunities there are for anyone today who wants to work from the home. Thanks for this list.

  3. Great Article, Glad to have found this Blog ( Its becoming one of my favourite) as finance at the moment is on everyone lips.

    As far as Blogging is concerned sticking to an area of interest or hobby is a great ideas since generally you will not lack of ideas to wriite articles , but one can also blog aboput a new topic something you want to learn and share your learning progress via your blog and help other on the way.
    Be inspired & Empowred and start making a difference around you.
    God bless

  4. These are some very good ideas and there are definitely plenty of other low cost business opportunities all around. Some companies who specialize in direct selling are really good low cost ideas that give the flexibility of selling in person or online (or both). My wife is an Independent Director with Thirty-One Gifts which is a faith based company that has a market for purses, luggage, and other organizing items for the home. It’s awesome that there are so many things that can be done from the comfort of your home to earn extra money. We are currently using that extra money to get rid of debt so we can give more!

  5. Chances are, if people are coming to you for information, that information is VALUABLE! Find a way to market yourself!

  6. I just looked at the DOBA Website and started to register for the 14 day Free Trial.

    They want my Credit Card Number and if I choose to continue there is a $59.95 fee monthly.

    Is this worth the money and will I be able to withdraw from the site if I decide to within 14 days…

    I do not want to sign up for a commitment without having looked at the site.

    thankyou

    Diane

  7. i have been blogging for a while, but no particular niche. These are really great ideas since I’ve been considering working online.

    I can post my services in my blog. Thanks for the tip.

    Hope you can give us details on how to work online too.

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