You're here because you not only know but believe it's possible to make money online.
And all you want to know now is how to make this money with no investment.
Good news for you is that it's possible.
The bad news, it won't be easy even though simple.
Money is made by investing both time and money.
How much of either you need to invest will heavily depend on what you don't have.
That means if you don't have money, you must leverage time and vice versa.
But seeing as how this topic is clear, I won't dig into why you need to invest money for your online business.
So, how can you make money with no money at all like a boss?
By using only three steps.
- Develop A Proper Mindset
- Choose A Suitable Business Model
- Use Stick-to-it-ive-ness
Now, let us examine each step in greater detail.
1. Develop A Proper Mindset.
It doesn't matter what you're trying to accomplish in life. Having the right mindset is key to achieving the desired outcome.
And for any online endeavor is no different. And even more so if the pursuit is for money.
So many people who set about to make money online fail. And a big factor to this failure is the mindset they go into making this money with.
It's thus paramount you nail this bit properly. Or anything you venture into will almost always fail.
First off, check out these 6 myths of making money online. So that they don't influence you anymore.
After this, you also must read this post on what to do if you aren't making money online today
These two posts will help re-frame your mindset for the better.
Now, let's see what the next step of making money online with no money at all entails.
2. Choose A Suitable Business Model.
As you probably know by now, not all make money online methods are created equal.
Their turnaround times vary so much and even worse no one can guarantee your earnings. And this is because individual efforts vary similarly.
But let's operate under the assumption of having a family who can't wait to feed (For this is the situation for many.)
Clicking cheap ads and typing 1,000's of captchas for next to nothing won't be the way to go.
So this means if making a sizeable income is your goal. You’ll have to find a better way to do it.
Even so, options will still be plenty.
So allow me to choose a few proven ones for you.
1. Article Writing.
Cost Of Entry: $0.
This one is dear to me. It's how I started out online. And got my first taste of that online money.
If there's one make money online method that has stood the test of time and will continue doing so is this.
You see, so many bloggers and website owners need quality articles regularly for their blogs and websites.
And while not every one of them is averse to writing these articles, some are.
So if you're a skilled writer (or not even 😂) you'll always find a place in this business. Assuming you can market yourself properly and negotiate competitive prices.
Again, if you find looking for clients on your own challenging, then you can always write for existing ones on websites like iWriter, TextBroker, Upwork, Fiverr, Freelancer,.. etc.
But going this route means having to deal with unfavorable pays. Either way, they guarantee the money upon a customer's acceptance.
Remember, working for these websites carries with them pay cycles. This means you can get paid either weekly, biweekly, or monthly.
If this is a business model that suits you and you're serious about it. Check out Bamidele Onibalusi's website, WritersInCharge. He will guide you well in this profession.
Another thing to note is that article writing is just a part of the writing business. The writing business stretches all the way from writing essays, proofreading, to copywriting.
Finding your fit won't be a problem at all.
2. Digital Arbitrage.
Cost Of Entry: $0.
This one comes in all forms of executions.
Essentially, you flip digital assets for profit. I.e. you get something for cheap in one place and sell it for a higher price in another, or even the same place.
An example of this would be to find a client on Upwork and once you get their business. You get it done of Fiverr for way cheap (Outsource) pocketing the difference.
All it is really is selling something to someone for more than you're getting it for.
And this could be anything. As long as someone wants it and you can get it for cheap.
Now you might ask how this ties in with making money with no money all. Hear me out.
You can set up a free Wix or Weebly website advertising your services business. And once you get a buyer, you outsource the work with some of the payment money. Obviously, at some point, you'll want to invest and make your website professional (self-hosted with a professional domain name and theme.)
But for a start, you can make this work.
If the above method wasn't favorable. Consider signing up for a free account on PLR Database here. Once logged in, search for products you can sell to others.
My recommendation, check for PLR articles on a certain subject. Example: Keto Diet/Recipes, Content Marketing,.. etc. Or bundle up related products into one.
Head over to Fiverr.com and list these PLR articles or Bundle as a Gig to sell.
Now, you only need to market your gig on social media and optimize for higher Fiverr rankings and you're done.
3. Affiliate Marketing.
Now affiliate marketing is one must have business model to consider.
Not only is it lucrative but the entry cost is zero, zip, zilch, nada!
What is Affiliate Marketing and How Does It Work.
Put simply, affiliate marketing is selling other people's products for a commission.
And this is done by promoting a product via its affiliate link. That when clicked by eventual customers, you're credited for the sale.
How To Market Affiliate Products.
There are so many ways of promoting affiliate products. Some of these ways are free as seen below.
- You can start the free way by creating and publishing a review, how-to, and comparison videos on YouTube.
- Another way is to promote ethically on social media sites like Facebook, Twitter, Reddit, and Pinterest.
- Utilize product related forums. Be helpful and build trust for a while then drop your affiliate link or the affiliate product's review post link in your signature.
- You can write an in-depth product review post and publish it on Medium. Then simply promote your post. After a while (sometimes quick) search engines will index your post and rank.
- Creating an amazing bonus offer around your product to entice more sales, won’t hurt.
Affiliate marketing though simple and lucrative isn't easy. It will need continuous learning, execution, and patience for you to succeed.
And on to our last but not least method of making money online without investment.
4. Print On Demand (POD).
This is fast growing to be a favorite of mine.
In simple terms, print on demand as the name suggests is the process of customizing white-label products with custom designs only after someone has placed an order.
The best thing about this is that the entry cost is zero and the upsides can be significant. This assumes you'll use already popular POD companies like RedBubble, TeePublic, and Society6.
And if ‘custom designs' are words that scare you because you aren't artistic, then worry not. I shared a simple way to make money on RedBubble without being artistic here.
All you have to do is upload a cool, funny, or a must-have design on your favorite POD company or all. Choose which products will bear your designs, adjust your prices if you have to and you're done.
After this, the only thing left will be to market your designs where your audience hangs out. Social Media Sites, Forums, Youtube,.. etc.
Same as affiliate marketing, this takes time to pick up, but with such a low entry business model. You owe it to yourself to try it.
Let's see the last step to making this online money thing work.
3. Use Stick-to-it-ive-ness.
Now according to the Cambridge dictionary. Stick-to-it-ive-ness is the ability and determination to continue doing something despite difficulties.
And to be honest with you. If you're trying to make money online with no money at all you'll need to be a stick-to-it-ive person.
The journey to online success can be lonely and a frustrating one. And without the ability and determination to persevere even when you aren't seeing immediate results, you won't make it.
And this is one of the big reasons why most fail where others have made it. Some stuck to their business model until it worked because maybe they didn't know any other way.
Maybe you're full of ideas, methods, tips, and tricks to be your own worst adviser.
You think with all those tricks, methods and what not, you'll hack your way into fast success than others.
But sometimes being a fool can help you to become a stick-to-it-ive person. And help you avoid all the shiny objects that come your way.
Knowing more sometimes can be bad. I can tell person A there's only one way to make money online, and it's affiliate marketing. If they heed the advice, their minds will conceive ways to not only make affiliate marketing work but also scale exponentially.
Person B knows there's affiliate marketing, print on demand, YouTube, blogging, freelancing, digital arbitrage, drop shipping, and what not. Chances are if there's a small hiccup, say no results for a while. They are more likely to bounce to another business model because they are spoilt for choice.
Unlike the one who told, there's only one way of doing things and it's this.
Here's the point. Choose one business model you like. And make it work first before thinking of bouncing to yet another business model.
These business models work, but each one of them has got a learning curve. Do one by one not two or three at a go. (Sequentially not simultaneously.)
Some people are stick-to-it-ive by luck or by not knowing. Others have to learn it. Either way, one's got to have it to make any business model a success.
Over To You.
Obviously, there are so many ways of making money online with no money at all.
And if you've got superb ones you feel like sharing with us do so in the comments below.
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See you in the next post.