Are you looking to transform your life and tap into the world of online business with little to no upfront investment? Whether you’re a stay-at-home mom, a mom entrepreneur, or a working mom, now is the perfect time to seize the opportunities awaiting you. The online world is brimming with potential, and guess what? It’s ripe for the picking!
Low-Cost Businesses You Can Start In 2024
In today’s digital age, we’re witnessing an explosion of online business ventures. People are achieving remarkable success, becoming millionaires, and changing their circumstances simply by showing up and sharing their knowledge.
If you have a message to share and a desire to create something extraordinary, this post is for you. Let’s explore some fantastic online business ideas that you can start right now, without breaking the bank.
1. Influencer/Content Creator
Becoming an influencer or content creator is more than just a trend—it’s a powerful way to share your story and expertise while making money. I started my influencer journey about four years ago when I left my corporate job to be with my kids full-time. By sharing my experience and what I learned along the way, I built a community and transformed my life.
Influencers have endless opportunities to earn, from brand partnerships to affiliate marketing. Did you know the creator economy is valued at $20 billion and expected to grow to $104 billion by 2022? That’s an ocean of opportunity waiting for you!
Why Becoming an Influencer Works:
- Monetize Your Passion: Earn from creating content on platforms like YouTube, Instagram, TikTok, and Pinterest.
- Brand Collaborations: Get paid by promoting products and services you love.
- Create Merchandise: Launch your own products, like candles, makeup palettes, or apparel.
I can tell you from personal experience that if you get out here and just start sharing your journey, that you can truly create something for yourself. About four or five years ago, I got online and started sharing my journey.
Having walked away from the corporate world to be at home with my children full-time, I really just wanted to document the process because I could feel in my heart that this was about to be a life-altering move for me.
Sure enough, my life changed from documenting that journey and just simply sharing it. The great thing about it is that not only can you get paid for creating your content, but you can also get paid by sharing products and services that you love, work directly with brands to promote particular campaigns, get paid for views or even sell your own merchandise.
I’ve seen influencers who came up with their own makeup brands, candle companies, t-shirts, candy and so many other type of products.
I think that right now is the perfect time to jump into the into this industry because you literally can become an influencer in any space you want! Be yourself, share what you want to share and in turn make good money on the side in addition to your full-time job just like I did.
Or take the jump, and go full time when you get the transaction necessary and when you’re ready to put in the world, because you can truly change your life!
2. E-commerce Store Owner
E-commerce has boomed in the last two years, with sales growing by 50% to over $870 billion during the pandemic. This isn’t just for big brands; small businesses have thrived by selling online. Whether you have a unique product or want to jump into dropshipping, e-commerce is a promising avenue.
Why Start an E-commerce Store:
- Low Overhead Costs: Start small and scale as you grow.
- Flexibility: Run your store from anywhere, even from your home.
- Dropshipping: Sell products without worrying about inventory or shipping.
All you need is an online store platform. You can set one up with Shopify for $1 here!
Instead of promoting other people’s brands and products online, you can promote your own. And as long as you do your market research, and have a good product to sell, you can be successful!
E-commerce is promising right now because who is about to stop shopping online anytime soon? Not me and I’m pretty sure a lot of other people aren’t either.
Even if you don’t want to have to deal with the back end of running an online business like packaging products, stock and inventory, and the manufacturing process, you can do drop shipping.
If you are looking for a trustworthy dropshipping platform, I recommend Printify.
I have been putting my ear to the ground on dropshipping because I love the concept and I see e-commerce doing so well for a lot of people who are willing to put the time in to learn.
3. Online Courses & Digital Products
Online education is here to stay. Traditional education systems often lack practical, real-world skills, and that’s where online courses come in. If you have expertise in a particular area, you can create an online course or digital product to teach others. People are eager to learn, and there’s a significant demand for knowledge.
Benefits of Offering Online Courses:
- High Demand: People are always looking to learn new skills.
- Passive Income: Once created, courses and digital products can generate income repeatedly.
- Impact: Help others achieve their goals and build a supportive community.
Online entrepreneurs have stepped in the gap and began to teach those things (probably better than our regular education system) and so we’re seeing online courses and digital products do very well.
If you want to learn how to theoretically create a business, you can go to business school and they’ll teach you the technical way to do that. But there’s nothing like being in the trenches and actually getting out here building a business.
If you have experience with something and you have the knowledge to teach others how to do it, you could get out here and create an ebook or some sort of digital product or an online course to educate others who want to learn the same skill or solve the same problem.
Online learning is not going anywhere and the creator economy is not going anywhere either! So as long as we have creators out here sharing what they know and love, there’s always going to be an audience of people interested in going deeper than the content can provide. And that’s where online courses come in!
4. Virtual Assistant
Virtual assisting is an underrated yet highly valuable service. Many influencers, online course creators, and e-commerce specialists need support behind the scenes, and that’s where virtual assistants come in. If you’re organized, tech-savvy, and enjoy helping others, this could be an excellent fit for you.
Why Become a Virtual Assistant:
- In-demand: High demand for skilled virtual assistants.
- Flexible Hours: Work on your schedule, balancing family and work.
- Diverse Opportunities: Support various businesses and entrepreneurs in different capacities.
Think about all the people who are out here being the influencers, being the online course creators, being the e-commerce business owners. Who is supporting those people?
There are always behind-the-scenes roles that are needed to support these online businesses because as the face of a brand, there’s only so much you can do if you want to grow and scale and you will eventually have to begin to bring people on.
And let’s be honest – not all of us are meant to be or want to be the face of a business. And if you don’t have the capital to invest in starting your own business, or don’t want to take on the financial risk, being a virtual assistant for these entrepreneurs can be the perfect compromise.
RELATED READ: Side Hustles For Women To Make Serious Money From Home In 2024
Being the support person for these businesses is incredibly freeing, as you can take on multiple clients, and be your own boss. Eventually, you can outsource some of your virtual assistant work to other VAs under you, and start your own virtual assistant business!
What we do is so unique, that if you hone in skills required to help other online business owners, you’ve struck gold! You can even continue being a content creator on the side, growing your own brand, while helping others do the same for a cost.
As the creator economy continues to grow (and it is growing!) and e-commerce continues to grow and online learning continues to grow, there are more and more people that need support. Start assisting those people!
I’ll be the first to say that those people matter too and they make such a difference to business owners and content creators.
Low Cost Businesses You Can Start Concluded
Now is the time to take action and explore these incredible online business opportunities. Whether you choose to become an influencer, launch an e-commerce store, create online courses, or offer virtual assistant services, the possibilities are endless.
Remember, every successful entrepreneur started somewhere. It’s about showing up, sharing your passion, and being persistent. If you’re ready to take the plunge and need guidance, I’m here to help. Here are more useful tutorials to help you take the first step:
- How to Start a Blog in 2024: Step by Step Blog Setup for Beginners
- Best Blogging Niches: How to Choose the Right Idea for Your Blog
- How to Write an Ebook that Makes Money on Autopilot
- How to Make Money As An Amazon Affiliate & Content Creator
- How to Start a Successful Youtube Channel in 2024
- 21 Youtube Channel Ideas without showing your Face
- 15 Side Hustle Ideas for Moms
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