Starting a business takes a lot of cash flow and capital, right? No! Most of us mistakenly believe that you need to spend a lot of money in order to start a business on the side. But the reality is that with today’s technology you can launch a side hustle with little to no investment.
Whether you’re hoping to quit your job in the future or simply want to earn extra money on the side, you have options. If you want to learn how to start a business with no money, here are the best jobs to get started.
How to start a business with no money
1. Amateur photographer
Unlike in the past, you don’t need to purchase expensive cameras or other equipment to become a photographer. With just your phone’s camera and a few good photography apps, you can start earning money selling your photos. Sites like iStock Photo and Alamy pay a royalty percent to all photographers with photos to sell.
Blogging offers multiple ways to earn additional income with little financial investment up-front. You’ll need to buy a domain and invest some time but it can pay off quite soon, often within a year if you are truly dedicated to the craft.
Focus on creating a niche site and partner with companies for direct advertising or affiliate marketing relationships. You can even create and sell your own digital products and guides that will help readers overcome a particular problem.
If you have a background in finance or enjoy crunching numbers, becoming a bookkeeper is a great choice for earning extra money. This is a job that can be done virtually with multiple clients as well as working in an office part-time for a small business.
There’s no shortage of parents and pet owners who are looking for help taking care of their loved ones. Offer to babysit kids or pets on weekends to bring in some extra cash. There’s little money needed upfront as long as you enjoy being a loving caregiver. Check out sites like Care.com to get on their approved sitter list.
5. Coach or consultant
If you’re an expert in a particular field or industry, consider offering coaching or consulting services. Some consulting ideas include resume or cover letter reviews or career coaching.
With platforms like Clarity you can set your own price and start earning money from your coaching or consulting offerings right now. Basically, if you have specific knowledge and advice that people will pay for, you can become a consultant or coach.
With the plethora of free resources online and access to sites like Treehouse, it’s easier than ever to learn how to code. From programming mobile apps to setting up custom websites, a coder is always in high demand. Plus, you don’t need to have a design eye like a graphic designer does, since coding is all about function.
7. Freelance writer
A freelance contractor can offer multiple services such as writing, editing, and other content creation help. As long as you have a good working computer and access to WiFi, you can help clients produce content for their website and other tasks to keep their online business running smoothly.
8. Graphic designer
Unlike a coder, a graphic designer is heavily reliant upon artistic skills and personal expression. You can work with local businesses to produce print campaigns and other media for advertising, or complete online design work for websites and other marketing promotions.
There’s a good amount of opportunity to earn extra money as a local housesitter for jetsetters and travelers near you, but you could also use this as an opportunity to get free lodging when you’re traveling around the world. Put an ad on Craigslist that you’re a dedicated housesitter, or check out sites like HouseCarers to find jobs in your area.
Moving or hauling away junk is never a fun thing to do. Oftentimes most families don’t have the time, energy, or trunk space to take care of this chore on their own, so you can step in and offer to take over.
With a small bit of advertising around town and in your local newspaper, you could start moving or hauling jobs this weekend.
11. Mystery shopper
Companies will pay individuals to test out their service, check on the condition of their store, or even spy on the competition. In exchange, you could get food, swag, or cash. Most mystery shoppers have to be verified and may have to take a couple tests to qualify but other than that there’s not much else needed to get started.
There are lots of different ways you can help tutor or teach potential students about a specific topic. Udemy, for example, is an online academy that allows you to create your own lessons to help students. In addition, you can offer in-person or virtual tutoring in school subjects via paid Skype sessions or Tutor.com.
13. Virtual assistant
If you’re an organized person, you can help clients and small businesses streamline their processes and set up organized systems as a virtual assistant. Help book travel plans or reply to emails and in exchange, you can set your own hours and work remotely. To get started all you really need is a LinkedIn profile or portfolio website, so potential clients can see your past experience.
14. Yard sale flipper
This is a great side hustle to work on a Friday or Saturday morning. Armed with your local paper, make a list of the yard sales in your area and start shopping.
You’re looking for designer clothing and accessories, musical instruments, electronics, or any other valuables that you can buy low and sell high. Double check the potential selling price using the eBay app or do a quick search on Google.
The key to balancing a side hustle with a full-time job is all about time management and organization. Begin with these ideas and you can learn how to start a business with no money — fast.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 6.97% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.30% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate|
|2.47% – 6.30%1||Undergrad & Graduate|
|2.51% – 8.09%4||Undergrad & Graduate|
|3.02% – 6.44%2||Undergrad & Graduate|
|2.69% – 7.21%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|