7 business ideas that require no capital

Facebook started in a dorm room with no capital. Apple started in a repair shop with a few spare computer parts. The lesson: You don’t need millions of dollars to build one of the richest companies in the world. All you need is an IQ of 150 and a unique “ego.”

But even if you don’t have those two things, you can still run a successful business without investing money. All you need is hard work, determination, and a good idea. And you should prepare the first two elements first. As for the third element – ​​a good idea – we will give it to you for free right now.

Tutor

You always got 9s and 10s in school? Why not share this treasure? With the fierce competition for university entrance exams, your services are in great demand.

Even if you are not good at studying, you can still make money by being an intermediary and selecting good students who are in need of money to tutor on your behalf. The initial capital is quite small. You can go to the student’s home to teach or even organize online classes using tools like Skype.

Virtual assistant

Business owners often spend too much time on tasks that can be delegated to others. So this is fertile ground for virtual assistants to jump in. Being a virtual assistant is just like being a normal assistant in an office, except that virtual assistants do not have direct contact with the boss. Work is mainly exchanged via email, phone, and online conferences.

Virtual assistants perform office work and other tasks from home on a contract basis. They increasingly handle specialized services such as bookkeeping, market research, or even technology issues. A virtual assistant can earn $20-$75 an hour depending on their skills and the area they work in.

The first step to becoming a virtual assistant is to register with a virtual assistant referral organization like the International Virtual Assistants Association (AssistU). Other sites like DoMyStuff offer a list of jobs to bid on. You can also build your own virtual assistant team and set up an office dedicated to providing this lucrative service.

Online retailer

Opening an online store is incredibly easy and incredibly cheap. You can start your business in just a few hundred dollars. Ebay, for example, allows you to open a storefront on your website for as little as $20 a month.

If you want to build your own website, you can contact companies that sell pre-built websites for around $100/page. For less, for around $10/month, you can register your store on Yahoo.

But before you start, think about what you want to sell. If you like tennis, consider selling tennis clothes or tennis balls. If you are a mechanic, you can try selling motorcycle or car parts. Start with a few basic items and then diversify as you get sales.

Work as a tour guide

Do you love where you live? Do you love taking your family and friends to exotic places they would never find on their own? Then you have a passion that can make money.

You can advertise your new tour services for free on your Facebook page or spend a little money to register with sites like Yelp. You can also use tools like Google Maps to create unique “backpacking” tours for your customers.

You can expand your services. If you are a cyclist, do a bike tour. If you are an art lover, there is nothing better for tourists than a tour of the museums. Once your business has taken root and blossomed, you can hire more guides and build your own “empire”.

Event organizer

Do you love parties and celebrations? Why not turn your entertainment into a business opportunity? As an event planner, you will be responsible for hiring caterers, finding entertainment, making invitations, contacting equipment rental companies, choosing decorations for occasions such as birthdays, weddings, full-year, full-month, wedding anniversaries, etc.

If you decide to get into this business, chances are you are a social butterfly and so don’t be afraid to use your connections to get the first shot. Next up is pricing. Some event planners charge by the hour, some charge a flat rate, and some charge 5-10% of the total cost of the event. With so many big weddings, you can celebrate big.

Physical Education Teacher

You don’t have to spend money on expensive equipment in the beginning, but instead rent a gym in your area or organize classes outdoors such as parks, flower gardens, etc. As for money, spend it on creating a website, advertising, distributing flyers at sports equipment stores, gyms. You should also get a certificate from a reputable aerobics teacher training institution.

Cleaning for hire

You hate having a dirty house, right? That’s easy. The hard part is cleaning it. If you don’t mind cleaning, then cleaning might be for you. You see, everyone wants to live in a clean house, but few want to do the hard work of cleaning. So what are you waiting for, jump in and make some money.

The cleaning industry is one of the fastest growing industries in the US and also requires the least capital. All you need is a vacuum cleaner and some mops. To find customers, try advertising in newspapers or online shopping sites or create flyers and hand them out door to door in the area where you want to start your business.

According to Lao Dong