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 2020!
|Lender||Variable APR||Eligible Degrees|
|1.99% – 5.64%1||Undergrad & Graduate|
|1.89% – 5.90%2||Undergrad & Graduate|
|2.25% – 6.28%3||Undergrad & Graduate|
|1.89% – 6.77%4||Undergrad & Graduate|
|2.39% – 6.01%||Undergrad |
|1.99% – 5.61%5||Undergrad & Graduate|
|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 2.98% APR (with Auto Pay) to 5.79% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 5.64% 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 July 31, 2020, 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 7/31/2020. 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 protected], or call 888-601-2801 for more information on our student loan refinance product.
© 2020 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
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of September 9, 2020. Information and rates are subject to change without notice.
3 Important Disclosures for SoFi.
4 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount.
The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.
To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of September 10, 2020.
5 Important Disclosures for CommonBond.
Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. 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 0.16% effective Sep 1, 2020 and may increase after consummation.