7 Low-cost Business Ideas

Today, many people are looking to leave the 9 to 5 job for something that feeds their passion, especially one that requires little or no startup cost.

Hence, we have highlighted a list of low-cost business ideas that you can start at a cheap cost and at the comfort of your home.

1. Making Chatbots

Chatbots are in vogue, and it has reached the point where every business needs one. Chatbots have become a huge opportunity for companies to engage with their customers, gather data, and improve their marketing and customer care efforts.

You can start your own chatbot creation business easily and quickly without needing to code.

2. Personal or Virtual Assistant

Although personal and virtual assistant jobs do not sound glamorous, they do pay well. If you have already held this job in an office, you will find the digital version allows for a lot more freedom.

Use services like Upwork.com to find clients. You can choose your clients, hours and also your hourly, daily, or monthly pay rate

3. Marketing Services

Marketing does involve a certain level of background knowledge. That said, if you are not experienced, investing in an online course is not only cheap but will equip you with the adequate tools to start a solo digital marketing agency you could expand in the future. There are lots of new marketing fields opening up such as influencer marketing.

Companies are always looking for freelancers able to provide marketing copy that is SEO-friendly and can transform website visitors into leads and, eventually, customers.

In addition to offering optimized copy, you could offer to upload the content to their websites and improve their SEO further with: Meta descriptions, The right titles, The correct keyword density, Tags and categories and Relevant images with SEO captions and alt tags.

4. Affiliate Marketing

Affiliate marketing is extremely easy to get into and involves you earning a commission by promoting other companies’ products and services.

Basically, you choose a product you like, promote it, and make a profit on each sale that stems from your marketing efforts.

An affiliate marketing business is especially easy to start if you have a blog or website of your own, you can prove your success through visitor statistics and you have already successfully undertaken affiliate marketing and can show this to your potential clients.

5. Blogger or Vlogger

Are you an expert in a specific field? From travel, fashion, cooking, to DIY, and removal services, if you know how to do something particularly well, why not tell the world through a blog or vlog?

All you will need is a computer and a good quality camera. You can make money by offering advertising space and reviews of products on your platform.

6. Resume Writer

No matter the experience, there are very few people that enjoy or are good at writing their own resume. Individuals pay very good money to have their personal statements put on paper for them.

It will cost you nothing to get setup and once you get the hang of it, you should be able to average a good hourly or daily pay rate.

7. Translator

Translating is one of the easiest and most profitable industries to delve into if you are proficient in more than one language.

Sought out on a global scale, translators do not need any capital to get started and can earn ranging from low to gigh amount of money depending on the type of jobs they get.

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