The need for having a side business aside your main job is now on the rise more than ever before. We will look at businesses you can start with less than $100.
Are you looking for ways to make money online and make some extra money or a passive income?
You are at the right place where you will learn how to monetize your skills and make a passive income.
You might be student looking to start a business that is not time consuming so you can study and still support yourself financially. The businesses you can start with less than $100 is perfect fit for you as it is not capital intensive.
An employee who is looking to have a side business that is less time consuming too can venture into the businesses you can start with less than $100 to help bring in more cash into his pocket.
You might be employed and looking to have something that will bring money into your pocket. Pick one or two of the businesses you can start with less than $100 and start.
An advantage of these businesses is that the returns are high and it is not time consuming.
People cash out over $1000 monthly from these kinds of businesses.
These businesses needs a little of hard work though it will not take much of your time. Starting out can take a little more time but once it is set up and running it will consume less of your time.
These businesses come with freedom as you can run them from the comfort of your home or anywhere else in the world. You don’t need a physical location to own one. They are called “Location-independent” businesses.
Running a location-independent business gives you the freedom to spend quality time with your family and friends.
You can decide to write a letter to your boss which reads “Dear boss, your services are no longer needed” and go full time in one or two these businesses.
Advantages of running a location-independent businesses you can start with less than $100
Running a location-independent business comes with a lot advantages which include:
1. You don’t need to rent an office space
Running a location-independent business saves you from the stress of looking for an office space to rent. Having no office you are renting saves you a lot of money as many people pay more than $1500 dollar a year for a small office space.
Imagine saving that amount for something else. Isn’t it a great thing to save such a huge amount?
2. Freedom to set working time
Imagine choosing the time to work. Not having to work from 8 am to 2 or even 4 pm.
These businesses you can start with less than $100 gives you the freedom to set your working hours. You can choose to work at night or during the day.
No much stress. All you have to do is to just get to your working table anytime you choose.
3. Work from anywhere in the world
You don’t have to worry about delegating work to somebody when you want to travel or go on a vacation.
You can carry your whole office in a bag. Just the laptop bag can hold the office entirely.
As far as you have an internet connection you can get to work.
You can work while on beach enjoying as the sun caresses your skin.
Work can be done in the hotel room and just anywhere as far as you have an internet connection.
The list can go on and on but let us get to the main business of the day.
Business you can start with less than $100
1. Affiliate marketing
5. Web design
6. Graphics Design
From these business people are earning a living. From these Business people have made more than six-figures.
1. Affiliate Marketing a business you can start with less than $100
In affiliate marketing you don’t need a dime before you start.
It is free to sign up and once you are signed up you can start earning commission.
What is affiliate marketing
Affiliate marketing is an online sales strategy used by a product owner to make more sales by allowing others (affiliates) targeting the same audience market and sale the product for a commission.
In affiliate marketing, you don’t actually engage in selling the product nor come in contact with it physically.
All you need to is to sign up to an affiliate marketing program and you will be given a unique referral link to paste on your blog or social media accounts.
If someone clicks on the link and buys a product you will be paid a commission. In some situations you will earn up to 50% of the total cost of the product. That is rare though.
Some affiliate marketing services
You can sign up with one or two of these and start earning commission on every sale made through your unique referral link.
2. Freelancing a business you can start with less than $100
You don’t need a single dollar to kick start this business. All you need to have is a service to offer e.g Graphics design, web design, writing etc.
What is freelancing?
Freelancing is a contract-based profession where a person is recruited by different clients to offer a particular service instead of working for a company or an organisation.
Type of work
Freelancing comprises a lot of jobs one can do. One person can work two or more different kinds of job if he can perfectly offer those services to clients and on the right time.
The jobs you can do in freelancing include: Writing, editing/copy-editing, graphic design, web development, app development, copy-writing and many more.
The industry according to a report is expected to grow $20-$30 billion dollar in the next 5-7 years in India.
You see there is a lot in there that you can go grab your own share.
As far as you have as service to offer such as the ones listed above, go and grab your own share today.
Some freelancing sites
This is especially suitable for software developers.
They accept only about 3% of developer at Toptal.
It is not easy to get jobs on this platform as other freelance sites.
In 2015 two of the freelance giant sites – Odesk and Elance – came together to form upwork.
Upwork provides quality services and their charges are quite reasonable.
They offer almost all the services listed in the section of type of work above.
Freelancer is one of the oldest players in this industry. It was launched in 2003.
Freelancer is easy to sign up. You can sign up and start earning or hiring.
They offer almost the same jobs with upwork.
One of the top freelancing platforms in the world.
It is also good and a great place to start your freelancing journey.
There are many other freelancing platforms but we will just stick to these ones above. You can Google other freelancing platforms if you want to.
Blogging is one the businesses you can start with less than $100.
The Blogging business is unlike Affiliate marketing and freelancing where you can start with absolutely nothing. For Blogging you have to pay for hosting and domain name.
Domain name cost about $8 a year and hosting about $50 a year for someone starting out and has less than ten thousand visitors a month. You can upgrade as your traffic grows. You can afford to pay even $1000 a month when you reach such a milestone.
How to start blogging is not really tough. All you need is the right knowledge and what turns the needle in the world of blogging and that is all.
Ways to earn with Blogging
- Affiliate Marketing
As explained above once you have signed up for an affiliate marketing program, all you have to do is paste your affiliate link on your blog and if your visitors click and buy a product through your link you get a commission for that.
- Sponsored post
When a company in your blogging niche see that your site generates a lot of traffic which will help them get visitors to their site and do business, they will pay you to sponsor a post on your site for them.
You will decide how much you charge them for that. Some companies will be willing to pay as high as $5000 depending on the authority of your site.
This is the most popular and easiest way to make money blogging.
You can sell ads spaces to companies and fix a specific price per click. This is called “Pay per Click”. If someone clicks on the company’s banner on your site you will get paid the price you set per click.
You can also apply for Google AdSense. With Google AdSense you can partner with Google to sell ads spaces for their clients.
Google is the middle man in this case. They created this in order for site owner to earn with their ads services.
There are still other ways you can earn with blogging but we will only stop at the three above because they are the most popular.
Also read: Six Business Killers You must avoid
To start mini-importation you need to acquire the right knowledge of it. It is not something you just jump into without a background or a comprehensive guide. You need a guide to mini-importation.
Mini-importation is one the businesses you can start with less than $100 and make close to 200% profit depending on your sales.
What is mini-importation?
Mini-importation involves the importation of goods from another country to your home country on a small-scale and sale to gain profit.
While this is not a guide to mini-importation I will tell you a little about it and you can go on a research from there.
At the moment most people especially Africans deal with Chinese companies because they have cheaper products compared to other countries and have also variety of products in their market.
What is needed to start mini-importation Business?
- A computer or a mobile phone
- Reliable Internet connection
- Valid address where your goods can be delivered to.
- An e-mail address
- Start-up capital of $100 dollars or less or more if you can afford.
Import portals are the websites you carry out your mini-importation transactions from.
Choosing the right import portal will give the advantage of running a successful mini-Importation business.
I don’t want to suggest a particular import portal here. I will leave you to research that yourself and choose the one that offer cheap and quality products to your taste.
Be careful with the site you will be choosing as some websites claim to be import portals while they are not. They are only after looting your money.
5. Web design
One can start a web designing business if he has the skill or if he learns it.
Learning web design will cost you less than a $100 dollars on the online schools like Udemy.
All you need to start web design is the knowledge of the internet, a PC and a reliable internet connection.
After you have learned the skills needed you can apply to work with a web Design Company, work as a freelancer or start your own company from the comfort of your home.
6. Graphics Design
The need for graphics designers is on the rise. You can make cool cash from it if you know how to do it.
Even if you don’t know how to do it, you can learn it from one of the online schools for less than $100.
All you need to be a graphics designer is a Personal computer (PC), the internet, fair knowledge of the different graphics design software, a printer to print your work.
You can work as a freelancer from the comfort of your home or with a company. Its all up to you.
I hope this post has added value to your life.
Let me know in the comments section.
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