Are interested in finding out what high paying stay at home businesses you can create with no money? You can work from home and have the freedom to travel while earning an income.
The choice of online business model can have a huge impact on your future success. You should always select a model that matches your lifestyle. If you enjoy drawing, select something that will incorporate that activity. Creating a business in the niches that you enjoy can help you build an evergreen business that you can be proud of.
The following are 5 of the best online business models you can make use of to secure financial freedom.
#1 – Blogging
Blogging is still one of the best ways to make money online. Blogging takes consistency to work, and the results can take a while to materialize but it can generate passive income while working from home or anywhere. You can blog about your hobbies, your experiences or just about anything you are actually interested in. There is usually a following of individuals interested in the same things you are.
Even if your blog is not going to be used as the primary form of income, having a blog is a good way to promote your other business or to build your reputation. Once a blog generates enough traffic, it can be monetized using affiliate links or paid advertising.
There are bloggers who make millions every year from AdSense, Native Advertising and Affiliate Marketing. This doesn’t mean everyone will make millions, but the opportunity is available to anyone.
#2 – YouTube
Videos are taking over and will continue to out perform written content. Customers like videos more than written content and video content has the potential to go viral. YouTube is the largest video streaming platform but it is not the only video social media platform that you can use to build your business.
It is easier to create a video nowadays with the help of technology. You can use YouTube and other video sharing websites to build up a following and then market to them. This method is far quicker than blogging, because YouTube videos may be easier to rank than a blog post.
#3 – Physical Products and Amazon FBA
It is also possible to sell physical products online with the help of other services. With the Fulfilled by Amazon (FBA) service, you simply ship your goods to Amazon. The sale and processing occur through the Amazon platform, as does delivery of the product itself. Amazon even takes care of the customer service.
Amazon does a lot to complete the business. However, they do take a larger share for this service. Other methods of selling physical products online include dropshipping and third-party logistics companies such as AliExpress.
#4 – Create an Online Course
If you are an expert on a particular topic, then you should consider creating your own online course. This is not as difficult as it sounds, but you will still be responsible for marketing and promoting your course.
If you would rather let others help you market your courses, Udemy is one of the most well-known online course platforms. With the increase in the price of third level education, more people than ever are turning to online courses for instruction.
#5 – Freelancing
Freelancing is a great way to earn money on the side. You can work from anywhere and leverage your existing skills for compensation. You can also use freelancers to enhance your business and quality of life. Virtual assistants are available and can complete menial tasks such as data entry or email management for as little as $5 per hour.