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5 best ways to make money online with no capital in 2023
- Jun 20,2023
- 7 minute read
No need to go to the company every day, no capital loss, here are the 5 best ways to make money online with no capital in 2023.
According to the GlobalWebIndex report, 58% of Internet users choose their mobile phones for online shopping. While 40% choose a PC. Along with the development of the Internet, online shopping is growing strongly. Online stores, e-commerce platforms develop rapidly. This has created a huge opportunity to make money online
1. Affiliate Marketing
Make money online with affiliate marketing
Affiliate marketing is no longer a strange way to make money online for those of you who make money without capital. When starting with Affiliate marketing work, just advertise for the brand on social networking platforms, then place an affiliate link for customers to order/register, and the packaging and shipping will be handled by the supplier. physical. If the customer orders/registers successfully, you will receive a commission from the brand. That will be how you make money without capital with Affiliate Marketing.
Request
- A website or social media presence where you can promote products as an affiliate.
- Traffic to your website or a social media following
Startup time: A few hours
Effort to start: Medium
Advantages
- Low cost: When participating in Affiliate Marketing activities, as a product distributor, you will not have to pay participation fees.
- Easy to join: Joining the Affiliate form is very simple. You just need to provide the information so that the supplier knows and the two parties agree on the commission. After that, you can start your Affiliate activity.
- No need to create products and services: Your job when starting to do Affiliate is to let more people know about the products and services of the supplier with the link (on the web, your blog). From there, stimulate purchases through your link.
- No worries about shipping and returns: You just need to make the most of your influence to promote, optimize conversions from your platform, generate massive sales, and earn commissions by product. Delivery and return services will be the responsibility of the supplier.
- Earn Passive Income: When your Affiliate Marketing activity is stable, you will always receive a discount even if you do not make any impact.
Disadvantage
- It takes a long time to build referrals: To make money with Affiliate Marketing, you need to spend a lot of time generating referrals.
- It is necessary to have a network of data and interested people on social networking platforms for easier access to customers.
- Need to be able to market over the Internet: No one is trained to do Affiliate Marketing, so if you want to be successful, you need to be able to market through the Internet.
- Restricted advertising: In some Affiliate Marketing programs, advertising will be limited. For example, you cannot market products or services via email or PPC ads with certain keywords.
- Need to pay a few costs: Affiliate Marketing program will provide you with payments after a certain cost.
2. Start a YouTube channel
You can see that nowadays many young people become billionaires with huge incomes thanks to Youtube.
Emma Chamberlain started her YouTube channel in 2016, shortly after her 15th birthday. The channel is an eclectic mix of fashion and makeup, food, travel, vlogs and more, with 11.3 million subscribers and over 1.5 billion views. Celebrity Net Worth estimates her fortune at $12 million.
Another example as Ryan Kaji. Early in 2015, then 3-year-old Ryan Kaji watched toy unboxing videos on YouTube and asked his mom why he wasn’t on YouTube like all the other kids. So, his mom quit her teaching job to focus on creating content for Ryan’s very own channel, which later became known as Ryan’s World. Meanwhile, 32 million subscribers and over 50.7 billion views have helped earn him a net worth that Wealthy Gorilla estimates at $32 million.
Being a Youtuber is a popular way to make money online
Request
- The YouTube platform requires your channel to have 1,000 subscribers and have 4,000 valid watch hours in the past 1 year.
Startup time: A few days
Effort to start: Medium
Advantage
- There are many ways to make money on Youtube when you have a large number of followers
- There is a commission from the brand for advertising on behalf.
- Experience the company’s products firsthand.
- Known by many people.
- Pay according to the number of views from Youtube
- Pay from the advertising contact
- Sell products through Affiliate marketing
- Just make a video once, Youtube will pay you monthly in case that video continuously has viewers.
Disadvantage
- Youtube will prioritize channels with interesting and useful content for users
- You need to be able to create content continuously
- It takes a lot of time to produce videos and increase followers for the channel
Steps to get started
- Step 1: Home Page Design
- Step 2: Keyword Research
- Step 3: Video Script
- Step 4: Optimize SEO
- Step 5: Add Comment
- Step 6: Add Subscribers
- Step 7: Increase session duration
3. Dropshipping
Dropshipping is an online business model that allows an online store to be operated and bypasses the steps of importing, storing and shipping products to customers.
Dropshipping model will be a way to make money online like this: People who want to start a business – retail will actively search and contact dropshipping support providers to negotiate product policies and prices.
After completing the exchanges and coming to an agreement, the retailer will start creating a booth to sell products. When an order arises, the retailer needs to provide information to the supplier so that the order is processed, packaged and delivered to the customer under the information of the Dropshipper.
The retailer’s profit is the difference between the price they decide to sell and the price they negotiate with the supplier after deducting costs such as delivery or transaction fees.
Ways to make money online with dropshipping has appeared for a long time, especially through Shopify channels.
Asian young woman sell clothes entrepreneur working at home
Startup time: A few weeks
Effort to start: Hard
Advantages
- You won’t have to buy any products unless you’ve made a sale and the customer has paid. Without the cost of inventory, you can start a successful dropshipping business with very little capital.
- Items are delivered much faster, bypassing unnecessary middlemen.
- You can downsize your warehouse or even eliminate it altogether and, of course, eliminating this cost saves you a lot of money. Since you don’t have to deal with inventory purchasing and inventory management, your management costs will be quite low.
- When selling online, inventory is your biggest headache. Coming to Dropshipping, you will no longer have to worry about this problem.
- Flexible business location because: A dropshipping business can go anywhere with an Internet-connected device. As long as you can communicate with your suppliers and customers easily, you can start and manage your business.
- You can work anywhere, anytime you want.
Disadvantage
- It is difficult to find a good distributor, providing you with a stable source of goods at a reasonable price.
- Shipping problem will be very difficult when you have too many suppliers.
- Defective product from supplier
- Low profit
Steps to get started
- Step 1: Identify the specific niche and product you will sell.
- Step 2: Find suppliers (suppliers) to negotiate the price.
- Step 3: Build a sales channel: Create your own website, sell on e-commerce platforms.
- Step 4: Start selling.
- Step 5: Transfer order information to the supplier.
4. Blogging
Way to make money online through blogging, have you ever thought? Blog reading is something we do every day. However, surely many of you will wonder, why can posting useful information, opinions and values help us earn money?
There are many ways you can make money from the articles you publish every day that I want to share with you today.
Blog is still a traditional but effective tool when making money online
Request
- Ability to write articles, communicate content, create…
- Gain knowledge of the area you write, become an expert in your field.
- Computer skills, website administration, graphic design…
- Marketing skills: SEO, advertising, keyword research, social networks, …
Advantages
- Low investment cost, low risk. You only need a computer connected to the Internet to be able to blog.
- Free Blog creation platform, very easy to use even if you don’t understand much about coding, you can still manage a Blog/website.
- Suitable for all audiences, but if you want to be effective, that audience must have a passion for blogging/website
- Flexibility in blogging time and location. You can blog from anywhere, earn money by working from home, in any free time.
- Improve knowledge of website management, knowledge of Digital Marketing.
- Website ranking well will generate stable traffic, sustainable income over time.
- Blog/website helps to reach target customers and increase purchase conversion rate.
- Suitable for many methods of making money using Blog/website.
Disadvantage
- Blogger needs a lot of vocabulary to make the article attractive and attractive. To increase your vocabulary you need to read a lot of books, write a lot.
- You have to spend a lot of time to build Blog/website: write articles, learn more knowledge about the field you write.
- You must have website management skills.
- Your article must have good SEO, the ability to get to the top and pull new traffic is high, but to write articles to the top you need to learn more about this skill.
- Finally, the most important thing is that you have to be really patient and passionate about blogging to do well. Because there may be a very long time at first, there will be no results, and it will easily lead to depression and give up. That takes a lot of your time, effort and money to invest
Steps to get started
- Step 1: Set up your blog and sign up for your blog hosting
- Step 2: Start publishing great content
- Step 3: Build organic traffic to your blog
- Step 4: Build a community around your brand
- Step 5: Start making money selling ads
- Step 6: Make money by selling your own products or services
- Step 7: Make money through affiliate marketing
5. Designing images, logos with Photoshop, Canva
Canva is a website graphic design tool, founded in 2012. Canva uses a drag-and-drop format and provides access to over a million photos, graphics, and fonts. The way to make money online by design is to create, design personal products and sell on Canva’s system. You will design publications such as posters, presentations, CVs… and when people use them, you will get paid.
Request
- You must have the ability to be creative in terms of visuals
- Proficient in Photoshop, AI design tools…
Advantages
- Create a digital product once and sell it many times
- Can generate unlimited income, passive income
- There are many ways to make money: Sell Templates, sell T-shirt designs on Canva, do Freelancer design,….
Disadvantage
- You need to be able to create images
Steps to get started
- Step 1: Design images according to style and theme
- Step 2: Register as a collaborator on Canva
- Step 3: Sell Templates (Shopee, Instargram, Pinterest…), T-shirt designs….
As we welcome 2023, the opportunities to make money online with no capital are only becoming more abundant - you could work as an affiliate, start a YouTube channel, offer social media consultancy, or sell your photos online. It just takes a little effort and time to see dividends from your work. Start Now!
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