How to Start an Online Business with No Investment

How to Start an Online Business with No Investment

In this article, I am going to share detail guideline on how to start an online business with no or little investment.

Starting a business especially on the internet is not difficult if you find the right guide, and most of people struggling to get it for free. Sometimes you need to buy an eBook or a course in order to start the business. Here, I am going to show you how you can start an online business with no or little investment.

In order to start an online business, you don't have to own a product to start selling. All you need is some research and effort. What I am going to show you is the most common business model available and quite famous now days. It is a dropship model. If you are wondering what is it, please read my previous post here: How to Make Money - Selling Physical Product.

Once you understand what is dropship, you can start anytime on the following steps.

Decide what you want to sell

Before you start selling things, it is important for you to decide and pick a product that is hot selling in the market. In my experience electronics product and gadget it the most popular and have large selling volume on the internet, but I am not suggesting you to pick this product as it have very high competition in the market and it a bit risky. Selling thing that people might always use and buy often such as health product, shirt, sneakers, bag or baby's outfit is a good choices. For this guide, I am going to pick "toys" product.

Search a supplier that provide dropship services regarding your product
What is often do is, search for the supplier in the search engine. You can use you product category + word dropship, in example : "toys dropship" as the search terms. Once you did the search, you will be produce with a list of result and please browse on each of the result displayed to find which supplier provide better service and product.

In my case, I choose AliExpress product. This website provide a lot of stuff categories. You need to create an account in order to make a purchase. Don't worry it is free.

Survey the Product and Get Details

Before selecting certain product, you need to get as much detail as possible. It is for you to use during your promotion. Now lets go back to the website.

In this case, I choose Thomas Electric Train Set. Look at the price, shipping cost and seller rating.

Please pay attention on the seller positive feedback to avoid problem when you selling his product. Then try to survey the market price for the product. I search on Google about "Thomas Electric Train Set", and found someone selling the same item on eBay at price of $14.90 with free shipping. So, now you need to set your price and make profit from it. If you sell it for $5, you still can make profit out of it. So, this is the right product to sell. Scroll down and find more information and product images. Copy and download all information available.

Now it is time for you to setting up your selling platform. You can use eBay to setting up your store you you can just use your Facebook. Once you configure it out, add more product to your selling list and start promoting it to your Facebook friend.

Once your receive orders, make sure your customer clear out payment to your account. After that, head back to your supplier to purchase the product. Make sure you are using your customer information in shipping address.

I hope this article help you in order to start an online business.

How to Start an Online Business