This is a detailed guide on the 10 Profitable Business you can start with no money in 2022.
We know the year is just getting started and a lot of you are thinking of a good business to start up as a main hustle or side hustle. so read on lets share some mind blowing ideas with you.
There are so many business to start with no capital in Nigeria and be successful, but sometimes you may find it difficult to think of such businesses.
If you are confused about the type of business idea to start with no money and be successful, then you are in the right place.
1. Become a writer
A lot of persons on the internet need help with writing their cover letters, business plans, or even editing and proofreading their literary work. If your passion is writing, you can consider setting up an online writing and editing agency.
You could also, ghostwrite for busy people with great ideas but who do not have the time to develop their ideas into a book. Your business will ease the burden of such people by bringing their ideas to life. Content writing, YouTube script writing, etc.
You could also write your own books, journals, and other literary materials for free publication through online publishers like Amazon’s kindle direct publishing. Amazon will print your book in hard copy when someone places an order and voila, you get paid!
2. Homeschooling children
If you have a passion for teaching you could consider starting a private home tutoring program. This costs very little to set up and it can pay up to 6 figures monthly depending on your bargain price with the parents.
You can start this business by telling parents in your neighborhood about your trade, as well as printing and distributing promotional flyers to attract a wider audience. Also, you can sign up as a tutor with sites like www.cheggs.com.
3. Freelancing
A freelancer is an independent laborer who earns wages on a per-job or per-task basis, typically for short-term work. Benefits of freelancing include the freedom to work from home or from a non-traditional workspace, you don’t need capital to startup, a flexible work schedule, and a better work-life balance.
Starting a freelance business is one of the most underrated businesses in the world. It requires zero capital to start up. There are professional freelancers who earn seven (7) figures monthly. In addition, you have work flexibility as well as being able to determine your work hours as a freelancer. You could also choose the class of clients you render your services to.
This can be a side hustle as well as full-time employment. Basically, all you need to be a freelancer is a laptop (or smartphone, as a beginner), a good network, and sufficient data supply.
There are certain platforms where you can easily get clients and build your portfolio as a freelancer such as Freelancer.com, Upwork.com, fiverr.com, and many others.
Skills you can freelance include content writing, graphic designing, doing voiceovers, video creation and editing, translator services, copywriting, the list is endless.
It is important to note that, being a good freelancer requires being really good at what you do, because your clients will pay you based on how they rate the quality of your services.
4. Affiliate marketing
This is a great way to start a business with no money. You are basically selling other people’s products to earn a commission from them. Stores like Amazon and Jumia have affiliate programs that you could sign up for and earn per each sale made through your unique link.
Another way to become an affiliate marketer is to promote other people’s courses and products on your social media pages and earn a small commission per each unit of sales they make through you.
5. Digital products creation
you can create a Digital products and can last for a very long time and do not require any extra effort on the part of the creator except for making timely upgrades. In this digital age, crafting things like online courses, podcasts, YouTube videos, and eBooks, only needs some thorough research on the part of the entrepreneur to bring them to life.
The trick to this is finding a subject people are really interested in or problems of an existing product which are people’s pain points. Then your job is to create solutions to these problems in the form of digital products.
One easy way to find out what people are interested in knowing is by reading up the comment section of related topics on blogs, websites, and youtube videos. From there you should have an insight into what is troubling your target audience. It must be something they will be happy to pay for its solution.
What next after creating a digital product? You could sell your digital solutions through online stores like amazon.com and Jumia.com, which make the entire sales and payment process very flexible.