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5 Business Ideas To Start With NO MONEY In 2020

 

5 Business Ideas To Start With NO MONEY In 2020

5 Business Ideas To Start With NO MONEY In 2020 so in this video today were going to be talking about the top five businesses that you can with absolutely zero dollars and its honestly amazing that this day and age that we live in you can actually literally businesses with absolutely no money and just out of curiosity I went ahead and looked up the average cost of ing a small business and that comes in at a price of around thirty thousand dollars so maybe fifteen or twenty years ago before the era of the internet you know you would have to be investing tens of thousands of dollars to actually your own business and
What Im going to be giving you guys today are five businesses that predominantly rely on the internet that you can with basically no up costs now I am going to be honest there are some very small up costs like for example an internet connection or maybe a cell phone or a computer or a laptop but Im assuming that these are things that you guys already have available to you at your disposal so were gonna go ahead and say its basically free because you already have many of these things available to you to use for these businesses so no you dont have to go out there and put together a business plan or go to a bank for a small business loan there are literally tons of different businesses you can with zero dollars nothing out of pocket and Im gonna give you guys five of those today all that I ask for you guys in return is that you go ahead and drop a like on this video it really does help out with the algorithm the more people
Who would like and comment on these videos the more they get shared with other people so I would certainly appreciate that in return and one thing I do want to mention as well Im gonna go into a fair amount of detail here and actually show you guys some screen recordings of some of these different business ideas in action but I am affiliated with some of these different opportunities or different businesses and so I do want to make that disclosure just so you guys know if you do use some of the links in the description below I will earn a commission in the process but it is at no additional cost to you but that being said lets go ahead and get into it and talk about the five businesses that I think are the best ones you can right now for zero dollars okay so coming in at number one here
What I truly believe is the best business you can with no money today is a Facebook advertising agency and maybe you dont do Facebook maybe you do Google Ads instead or maybe you do Instagram marketing agency but anything related to social media but in particular Facebook Ads this is a massive opportunity for making money with your own digital advertising agency so this is a pretty simple business to understand you have all of these different businesses out there that are looking to acquire new customers or get people through their door and literally the only way to get customers these days is to understand how to use social media well the only issue is these different business owners are spending to hours per week actually running their businesses so they dont have the extra hours in the evening to learn how to use Facebook Ads learn how to run ads take photos of their business and set up advertisements and you know monitor all of this stuff so instead
What these businesses do is hire an advertising agency to create Facebook ads on their behalf so that is
Where you would come into this equation as somebody
Who understands how to use and how to run Facebook ads so well talk about that a little bit more at the end of this but real quick I just want to share with you guys there are typically two different models in terms of how to get paid with a Facebook advertising agency okay so in terms of a Facebook advertising agency these are typically the two models you see in terms of making money with this business model number one is basically collecting of all of the money that company gives you as your cut for basically creating the ads managing and optimizing the Facebook ads so for example lets say youre working with a business a mediumsized business maybe its a restaurant and they have a per month budget with you well would go towards the advertisements and of that would go to you for creating managing optimizing these ads so thats the first model that you typically see with this business model number two is also very popular as well basically the business pays you a per month retainer and then they also give you the ad spend as a separate pool of money so lets say for example youre working again with a restaurant and they want to spend you know five thousand dollars per month in ads well theyre gonna give you their card for the ad spend as well as a thousand dollars per month for a retainer just for setting up running and optimizing these ads so Im sure you guys can begin to understand how this can become a really good business in a very short period of time and its not really like business owners have a choice right now in terms of
Whether or not they want to run ads on social media I know for example my dad works for a very small bank in my local area and like theyre just now realizing oh my god we got to run Facebook Ads so you may think that business owners are ahead of the curve and maybe Facebook Ads is oversaturated but and there are so many businesses out there that need to get on social media and begin running ads but they just dont know how to do it and they dont have the time to learn this skill either so in terms of you learning this skill you know you can learn this completely free with YouTube videos you can learn from different articles and forums and then there also are a number of different courses out there that teach you how to run Facebook Ads and literally set up this business step by step so a close friend of mine Kevin David Ive had him on the channel a couple of times he actually has a facebook advertising course but he also does offer a completely free training if you guys just want to check out this business and see
Whether or not you know its a good fit for you so if you guys are curious about this and you want to learn more about a Facebook advertising agency Ill include a link to that free training by Kevin David down in the description below okay business idea number two is becoming an Airbnb host now I actually just did a video on this the other day
Where I actually tried out being an Airbnb host at my house and I rented out one of my spare bedrooms for about a month I just to see if you actually make decent money or side income as an Airbnb host so if you guys want to check out that video Ill have a annotation or a link up on the screen
Where you can check that out so in that video I shared my actual earnings with Airbnb I did it for a month and I made about a thousand dollars
Which was actually quite a decent little side income here just from doing a shared room in my house and to tell you the truth guys a lot of people dont realize how easy it actually is to list your space on Airbnb it basically took me about to minutes to take some photos right out my listing and put my space up and then hours later I got a notification that I had my first booking so it is not a very long or difficult process at all and its very simple to list your space on Airbnb from my experience so how much money can you make with a Airbnb business well to be honest with you guys its going to be different based on the location that you live in the type of property that you are offering
Whether its you know a shared room a private room or a completely private space at the location the time of year all that is going to play into this as a factor so if you guys do want to learn more about being an Airbnb host and if you also want to check out the video I did sharing my real earnings both of those are going to be linked up down in the description below but
What I want to do right now is actually jump into my computer and show you guys some actual numbers on
What you could realistically expect to make with an Airbnb listing were just gonna pick some random area and analyze some of the numbers I like to be as actionable as possible with these videos and not just give you guys you know fluff information so lets jump into my computer now and look at some real numbers for Airbnb listings all right so now Im gonna go ahead and answer the question for you guys of how much money can you actually make with Airbnb and they honestly make it extremely easy to figure out this number so basically Airbnb looks at all the different data out there across their different hosts and by doing so theyre able to give you guys an estimate on how much you could make based on your location as well as the size of the rental and the number of guests that you would allow so
What Im gonna do for you guys here Im just gonna do a random City here were just gonna put these numbers in but if you guys are curious how much money you could make with an Airbnb in your area the link to this calculator is right in the description below or its just Ryan Oh Scribner comm slash Airbnb and you can see exactly how much money you could make with Airbnb in your area so I got this random city generator up here Im gonna rerun it that way you guys know Im not just you know picking these numbers out of random so well go ahead and just run a couple of these will with Chicago Illinois and put that in here and see
What the earnings would be like so lets say for example youre looking at Chicago Illinois just doing a private room for one guest for example so Airbnb is saying you could make about one thousand sixtyfive dollars per month by renting out a private room in your home in Chicago Illinois well pick a different city now lets go ahead and go with El Paso Texas and see
What we have here for this one so lets say you live in El Paso Texas and you have an entire place for rent that allows up to four guests theyre saying you could make you know one thousand one hundred ninety five dollars per month so obviously the amount you can make per month differs on the location as well as the number of guests that youre allowing and this seems like the demand is definitely higher in Chicago but if you are curious you know how much money you could make in your local area with Airbnb the link for this calculator is in the description below you just drop in your location the size of the rental and the number of guests and itll tell you just about how much you could earn as an Airbnb host alright so idea number three for a business thats gonna cost you no money is to become a content creator so basically doing
What Im doing here in the form of making youtube videos or I also have a blog investing simple calm or I do investing related topics personal finance and make money online covering all those topics on my blog well by creating content just like this Im actually making money through advertisements and affiliate marketing and all of these different ventures so essentially this is one of my favorite analogies to use
When talking about you know making money online or passive income or any of these different topics theres basically two choices you have
When youre looking to make money number one you can invest the money you already have and make more money like dividend stocks or something like that or if you dont have money you can invest your time into something else so content creation is very much an example of investing your time into making multiple different pieces of content that all have the potential to make you money day after day week after week and month after month so lets just say for example you were to make ten different YouTube videos you did one per week and then lets say you got that channel monetized and then each of those YouTube videos were making you just per day and I know that sounds like a lot of money but to be honest with you guys I have dozens of videos on my channel that are making me dollars every single day and a lot of these videos are even or years old and I also have blog articles that are bringing in at least or dollars per day so creating a piece of content bringing you five dollars per day is actually not as difficult as you would think so lets say for example you have videos each one brings in per day now this is a per day business and it just begins to stack on each other just like that as you create more content you build that residual income and maybe every video you make isnt going to slam it out of the park but as you begin to have these videos in your media portfolio well call it or different pieces of content all bringing you money you have all these different oil wells potentially bringing you income from affiliate marketing or advertising or
Whatever method youre using to make money and as far as the cost of this business well you can literally out you know with the phone that you have in the camera and you dont have to invest any money to be a content creator all you have to do is invest your time okay so idea number four for a zero dollar free business that you can star is by doing freelance work online so personally I have a couple of freelancers or contractors that work for me number one I have a writer
Who does two articles one the two articles per week from my blog and then second of all I also have an SEO person
Who does ten hours per week being paid on an hourly basis so my SEO person we pay him an hourly rate I have a business partner in my blog and the writer we just pay her per article that she is putting together but you could actually be on the other end of this equation and be a freelancer providing a service or a skill online for business owners just like me and this is truly an opportunity that you didnt have you know years ago because the Internet basically made this a level playing field
Where somebody from California could be working with someone in India or vice versa and you could be working with people from all over the world so its not like you could only you know do freelance work for somebody in your local area there are people all over the world you know looking for help with different skills and projects online so just to show you guys a couple of examples were gonna jump into my computer and Ill show you some websites
Where you can basically post jobs if you are a freelancer or look for different gigs so well jump into my computer now and explore this idea a bit more okay so as far as freelancing online goes theres primarily two websites out there that people are using theres up work and then theres another one called fiber and fiber is gonna be probably the easier one to get ed with because its easier because people can search for gigs and you can typically at a much lower price but if youre looking to become a freelancer youre gonna want to leverage both of these tools so just to show you guys an example here you can either search and find a freelancer if youre looking to hire somebody or you can post a job here or you can also post
What your gig is or
Whatever service youre offering and have people find you in the database so just for example sake lets pick one of these categories here and well pick marketing for example and see
What are some of the potential gigs or people that are offering help so lets say for example Im a youtuber and Im looking for help with YouTube marketing so I click on this right here and this supplies me with a list of different freelancers
Who are willing to help in this certain area so for example we have Chad seventyfive bucks an hour for help with video marketing you know pratima here for per hour so you can literally create a profile just like these people have and offer you know freelance work online with up work for example another example here we have Fiverr so just to put something in here lets say for example I was looking for somebody to make content for my blog I can type in here you know finance blog and see
What type of things populate so after typing that in theres a number of different gigs that showed up here lets pick this guy here hes got fivestar reviews it says right here that he will write personal finance articles and blog posts and you would put in your word count that youre looking for so lets say Im looking for a word article well thats gonna cost me you know for this service so these are two options you guys have for you in order to you know find some freelance work you can post some gigs on Fiverr or you can leverage you you know sites like up work or maybe a combination of the two you know to try to find some different freelance work out there okay so the fifth and final business idea that I have for you guys here is by simply re selling products online and this is one of the easiest businesses that you can in one of my favorite things about it is theres really no age requirement and maybe youll need to have your parents account to have an ebay account but other than that you know you can go out there and go to garage sales or go to thrift shops and all these different places and look for items to resell so essentially
What youre doing here is youre going to these different places
Where youre looking to buy things below their market value and then youre gonna go on ebay or craigslist and try to sell them at their fair market value so theres so many people out there that are doing different versions of reselling you can literally do this with anything you can do it with electronics just for examples sake actually my stepmom sent me a the other day because she knows that I do videos and she found a microphone kind of similar to this one it was a rode mic and she says hey do you got would you actually like this its and I said to her I said I dont actually need that but you should buy it anyway because thats actually worth quite a bit of money so she ended up buying this microphone with a pop filter and a stand thirty bucks and it ended up being worth significantly over so theres deals like that all over the place guys yes there is a small amount of money involved here called working capital but if youre doing this for under a hundred bucks man thats basically no money so just for another example here of reselling lets say for example you go to a garage sale and somebodys selling a hundred CDs for twenty bucks so youre essentially paying twenty cents per CD my cousin actually does this he sells stuff on Amazon and he got a bunch of CDs hes selling and he told me hes consistently able to sell CDs at about a dollar twentyfive a piece and the buyer pays shipping and handling so he told me his profit per CD after the eBay fees and
Whatnot hes making about one dollar per CD so if you actually did this bought a
Whole lot of CDs and then sold them individually on eBay well take that hundred dollars that you earned subtract the in your costs here of the initial product and you just made bucks from a investment so that is how you can make money as a reseller and
What you would then do is take that initial profit that youve earned put it back into inventory and now youre able to buy even more products or more expensive items with higher resale value so you just continue reinvesting those profits and that can turn into honestly a pretty decent side income just by flipping or reselling products online and you dont need a lot of money to this you can literally go to Salvation Army or goodwill with a bill and I can almost guarantee if youre patient enough you will find some items that have higher resale value online that you can simply sell for their fair market value but anyways guys thats gonna wrap up this video these are my top five favorite business ideas that you can with absolutely no money or basically next to no money let me know
What you guys think in the comments section below have you guys tried any of these different businesses I would love to hear
What you guys think like I said theres also a number of different resources down in the description below if you want to learn more about each of these different business ideas if you guys are new to the channel make sure you subscribe and hit that Bell for notifications and as always I hope to see you guys in the next video '
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