If you want to start a business and want to become an entrepreneur without investing a penny, you can choose any of the following to begin your entrepreneurial journey.
Basically, you can start a service-based or product-based business, so let’s discuss all the pointers in detail one by one –
I. Start a service-based business
You can start your own web design, content writing, or consulting service, or choose any of the following route –
-If you have the skillset to sell, then you can become a freelancer. For example, if you are good at clicking pictures, you can become a freelance photographer, or you are a fitness freak, you can become a fitness coach, yoga instructor, etc.
To become a freelancer, you need to find your skill in which you have the expertise, and that you can market and sell, and then try your luck bidding on various projects, and wait patiently till you win a few!
Don’t forget to read my popular Quora thread on making Rs 500/day as freelancer which has raked almost 200k views already (and counting)
And, you can make money from your own Fiverr gig like this
If you love to be on social media and have a good number of followers, you can be an Influencer. You can earn by promoting other brands on your Instagram, FB, Twitter etc and make money literally for everything you post!
There are companies like Skreem who offer Rs 200–250 per post to micro influencers on FB, Intsa, Twitter.
If you are passionate about writing, then you can start your blog in the niche you have interest in. You can monetize your blog after a few months of hard work by getting a good number of visitors on your blog.
As you can see in this screenshot, one of my blogs fetches $10/day from Google Adsense with CPC of just $0.11, and 2670 Pageviews, which is about 1000 visitors/day, and you can get to this level in 100–200 days of consistent work.
If you get a little lucky or target high CPC niches, you could also get $4 per click and make $100/day with just 500–1000 visits/mo.
Read this post on how much Adsense pays per click to know more
4. Become a YouTuber
If you love to be on camera and have a skill which you can teach others, or you can entertain others, then you can become a YouTuber, by growing views, likes, and subscribers through your videos.
II. Starting a product-based business
When it comes to product-based businesses, here are some ideas –
5. Cotton face-mask Business
Even if you have basic knowledge of stitching and then you can start selling masks. Nowadays, masks are in high demand due to COVID19 outbreak and this demand isn’t going to go away suddenly after the lockdown.
It does not require much investment to start, and there’s a very healthy profit margin, and by doing this, you’re also helping others in the process.
6. Become a Chef
If you love to cook, then you can become a chef from your home. You can start tiffin services, pickles, bakery items, and deliver it from your home only.
7. Start a Small Boutique
You can start a boutique for men, women, or children if you know how to play with threads and have a knowledge of designing.
Soap making is easy and fun. It doesn’t need a huge investment to start, and you can start this business in less than Rs 5000.
These are some easy business ideas, which you can start as per your interest and skill-set.
Starting a business is a risky affair, but if you are ready to take a chance, dive in, and stay consistent, you’ll surely be successful if you don’t keep give up!
All the best!