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The idea to start a small business with no money is definitely a bit tricky, but the truth is that you can pull it off and it will work very well for you.

With the right amount of commitment and definitely some hard work, you can do this properly and it will help a lot more than you might imagine.

It all comes down to being creative and actively finding ways to make the experience more interesting and appealing at the same time. With that in mind, you must be very careful about how you start a small business with little money.

Things to consider before starting

The first thing you want to do when you start a small business without money is to actively figure out what skills you have and what benefits you can expect. The trick here is to actively assess the situation and figure out whether it will work for you or not.

As long as you do that wisely, nothing can really stand in your way. It’s all a matter of perspective and once you handle it adequately the experience itself will be more than immersive, which is what you want to pursue.

Table of Contents

13 Best Small Business Ideas You Can Start For Free in 2020 Click To Tweet

1. Become a freelancer

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Maybe the safest way on how can I start a small business with no money is to go freelance. You can still keep your job, so you’re not losing money, to begin with, but at the same time, you can learn new things and provide your services for a paycheck online.

This actually helps you a lot, and it has the potential to bring in some really interesting benefits and results. You can be a writer, programmer, graphic designer, anything you want.

And you can start a small business there, then adapt to the requirements of your customers. After all, every freelancer is a small business on his own, so it makes a lot of sense to just check this out and give it a try for a change, just to see how it goes from there and you will cherish it.

2. Create a blog

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While freelancing is a source of active income that requires you to work constantly to earn money, blogging is more focused on passive income.

You write content, monetize it and you earn a good income even while you sleep. A lot of people create a blog when they start their own business because it’s free of charge.

You can easily shift to paid hosting, you can use paid themes and so on once you earn some money from it. But you can start blogging for free, and then you can go from there for the best results.

3. Affiliate marketing business

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Image: Austin Distel/Unsplash

You can start a website and promote products created by others, and you enroll in an affiliate program to get paid when other people buy the products you promote.

It helps a lot, and it will give you a very good experience every time because of that. It’s a great way to make money and again, you can start without investing anything.

4. Babysitting

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Image: Lina Kivaka/Pexels

If you have the time to do it, then you can start a small business with no money by offering babysitting services. This actually helps a lot, you can have an amazing return on investment and the results themselves will be extremely impressed every time.

5. Amazon reselling

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Image: Austin Distel/Unsplash

You can buy items locally for a cheaper price and sell them on sites like Amazon. This is great because you can sell products of your own at first, then you invest the profit into buying other stuff and reselling.

It’s well worth the effort and you will find that it delivers a very good experience. Just consider giving it a try and the results themselves can be very good.

6. Refurbishing

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Image: Sharon Mccutcheon/Unsplash

Starting a refurbishing business is actually a very good idea and you will find that it will deliver a very good way for you to make money in the long run.

The idea behind all of this is that you are buying items, you repair them a bit and then you re-sell them.

The reason why this is a way on how to start a business with no capital is that you can refurbish something of your own that you plan on throwing away, and you sell it for a profit.

That really helps a lot and it will provide you with a very good experience every time in a situation like this.

7. Baking

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Image: Theme Photos/Unsplash

Yes, you can start baking at home and selling your products online. This is great because there are many food ordering apps that will appear to you and the return on investment for this is actually a lot better than you might imagine.

We find it amazing in its own right, and you should definitely consider checking it out for the best results all the time.

8. Bookkeeping

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Image: Kelly Sikkema/Unsplash

If you have accounting knowledge, you can start a small business with no money in this field. You don’t need more than a computer and printer, which most of us have anyway.

Invest in some accounting courses if possible, and you will be able to become a bookkeeper and earn a good income from this if you want. It’s a great idea to think about, and you will find it to work really well.

9. Become a business consultant

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Image: Austin Distel/Unsplash

There are many companies that need assistance when it comes to growth, helping customers and improving themselves as a whole.

You really need to figure out a way to make the experience more immersive and professional all the time. you can be a business consultant in a variety of fields, which is a major plus.

You can address multiple industries at once if you want to. The possibilities are limitless, and that will help you a lot.

10. Cell phone repair business

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Image: Kilian/Unsplash

This is actually very handy if you are good with electronics and you already have the tools you need. We found this to be a great way to learn how to start a small business with little money and it’s actually going to bring in a very good revenue margin without having to spend a lot of money in a situation like this. It’s worth it and you will cherish it a lot more than you might believe here.

11. Online courses

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Image: Kaboompics/Pexels

You can create an online course for free from the comfort of your home or office, and then you can sell it online. It will certainly help you a lot and it will give you a much better and more rewarding experience all the time because of that.

We believe that it’s very important to study the market and see the type of courses people are interested in. Then you can create the type of content that’s requested in the online world.

It’s the type of idea that really works, and you will find it to be incredible in the end thanks to that.

You will not have to worry about any challenges that can arise, so use that to your own advantage and you will find it more than impressive every time because of that.

12. House cleaning/house painting

small business
Image: Nathan Cowley/Pexels

This is a good job if you are passionate about cleaning or painting homes. It can also apply to remodel. Of course, this means you already have the necessary tools and you don’t have to buy anything.

Thankfully the process of starting such a business is not that challenging, and it will be worth it. Plus, depending on where you live there might not be a lot of competition either, which means you can set your own price.

13. Social media manager

small business
Image: Austin Distel/Unsplash

While this is a simple job, it does require a lot of time since you need to create posts and ensure that they fit that company’s requirements.

Thankfully the results can be great and it will certainly help you a whole lot. You will be more than happy with the fact that you can manage the social account for multiple companies and that will definitely help a lot.

Conclusion

We recommend you use these tips if you want the best business to start with little money. It’s not going to be a walk in the park, and if you do it right this will help a lot more than you imagine.

But as long as you know your skills and you know what type of service you can provide, it won’t be hard to start a side business to generate income. And that can translate into a lot of money in the long run.

3 comments
  1. Starting a small business can be difficult. One needs good and quality ideas if they wish to make their small business bloom. The ideas you gave are interesting and I would like to try them out. I have created a blog for my business TECTEEM. My research for ideas to start my small business has brought me to your blog today and I must confess, you have great writing skills.

  2. Hi, Very good article. Thanks for sharing these business ideas. I am going to start my new business “Amazon Reselling.” Once again Thanks!

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