One of life’s best pursuits, at least in America, is becoming an entrepreneur. Taking on the challenges of being your own boss. Taking back the freedom of your own time. Working when you want to, how you want to, and where you want to. Typically there are two problems that prevent people from starting their own business.
- You Don’t Have the Right Idea: If you don’t know what type of business to start then it makes it pretty difficult to get it off the ground. You should choose something that you can see yourself interested in for the long term. Something that you have some knowledge or skill in. You don’t have to be an expert or be overly passionate about the goal of your business, you just have to be good enough and interested enough to keep going.
- You Don’t Have Enough Money: Maybe you have the perfect idea in your head and you’re ready to launch it to the world and start raking in coin. But that business idea requires some real estate, a couple of trucks, and a lot of equipment. The price tag is just too high, and you either can’t or won’t lend that much money to get it going.
Luckily for you we’ve established a list of 11 businesses that you can start tomorrow with no money. Now we are assuming you have at least some skill level in whichever area you choose, and you may need a few pieces of equipment that we assume you already have at home (like a computer or phone). Keep in mind that these businesses may not make you rich, but they will offer an opportunity to make a good living with the freedom of working for yourself. Here’s the list:
#1 Career Coach
The jobs economy doesn’t feel like it has really ever recovered from 2008/2009. More people enter the job search every year and less people are able to exit it. Many qualified candidates are being turned down, and in many cases are not even being given a look before they are rejected. Having a career coach can help you make the right connections and get you on track towards the career you want.
Many individuals continue to use a career coach from time to time so that they continue to climb the corporate ladder, even after they get the job they want. You can be that person, and all you need to start is an email and a phone.
#2 Resume Writer
While some career coaches offer this service, it can be a business all by itself. Resume writers have never been in more demand than they are right now (for the same reasons listed above). If you have a way with words, and know how to get a resume past the initial pre-screen that most businesses do through automated software, then this could be a nice niche to start your business. You get to work with individuals in a lot of different industries, and you can do it from anywhere in the world.
Do you know a lot about one particular thing? Do you have a knack for just making things better? If you are knowledgeable about a a niche or a process, then you can make a go as a consultant. You need to be able to offer businesses something that will improve their pockets or improve how much time they have available to improve their pockets themselves. If you can offer that then you could make a lot of money in the right field.
#4 Freelancer (Design, Development, Recruiter, etc..)
This is one of the easiest businesses to start. You wake up tomorrow and start telling anyone and everyone you know that you are the best (fill in the blank with what you do well) and that you are for hire. Many of the most talented designers and developers in the world are freelancers.
There are a lot of different ways to make money as a freelancer but all of them give you the opportunity to work when and how you want to. You get to pick which clients you work with, and only have to work on the projects that really interest you. As a producer or creator you know how valuable that can be. You will rarely get those kind of choices working for others.
#5 Become a Writer
Anyone can write… right? Well if you learned how to write growing up then technically the answer is yes. However, not everyone can make money writing. It is a skill that needs to be mastered. In today’s world the most lucrative jobs go to either technical writers or those who have mastered the art of web writing.
This means understanding online marketing and being able to use your words to convert web visitors into purchasers. There are a lot of different ways to make money as a writer, and if you enjoy it then it can lead to a very rewarding business.
#6 Grocery Delivery
Looking for something where you can get out of the house and be a little more active than just sitting in front of a computer? Try your hand at a grocery delivery business. The easiest customers to target are the elderly, but busy moms and dual income families that don’t have time to do the shopping will potentially buy your service as well.
A few startups have popped up trying to grow grocery delivery into massive businesses. While we aren’t sure there is that much potential, there certainly is enough business to go around in large metropolitan areas to make a nice living out it.
#7 Virtual Assistant (VA) Business
With more entrepreneurs making money online, or trying to save costs offline, virtual assistants have never been in more demand. A VA business is a great way to take advantage of your organization and coordination skills. As you grow there are even great VAs available around the country and in other countries like the Philippines that will do most of the work for you and let you increase your client count. We this being a very lucrative business over the next 5 years.
#8 Nanny Service
Enjoy spending time with kids even if they aren’t yours? Then a nanny service may be the right business for you. Eventually you can grow into hiring nannies and matching them with clients in your area. This business takes a lot of patience, but it may payoff if you can last that long.
#9 Tutor or Teacher
If you’re really good at a school subject then become a tutor or a teacher. Teach music, sports skills to youth, or math. There really is no limit to your options or to the potential customers that you may have, especially if you focus on teaching children something. Teaching is very rewarding, but takes skills in people management, public speaking, and being able to explain difficult principles very easily.
#10 Affiliate Marketing
Refer people to another business to make money off of them. This is often referred to as passive income if you do it online. Find a niche or topic of interest that you can create content about and then monetize your content by sending your followers to another business to buy something. This is the most popular business for many successful online entrepreneurs. Many of them currently make six figures per month doing primarily affiliate marketing.
#11 Be an Audio or Video Creator
Start a podcast, or network of podcasts, and work on giving quality content. The only difference between this avenue and a traditional blog or online publication is that the content is created through audio or video. If you are charismatic, have a talent for speaking, or are a talented videographer then this is the business for you.
There are a number of different ways you can take this business. You can find a niche and find an audience to product content for or you can set up shop as a creator that will create content for other brands. If you choose to find your audience, you can monetize through sponsorships, affiliate marketing, or by getting your fans to support you on sites like patreon.
Bonus: Furniture or Sign Builder
Obviously this one requires a bit of skill and equipment. If you have the right tools building furniture like dining room tables can actually be quite profitable if you can learn to do it quickly. Rustic furniture and signs are very popular and you can sell yours locally or set up an ecommerce store to reach even more customers.
The Smart Hack
The most important part to becoming an entrepreneur is just doing it. Take action and move forward because until you do then it will all just be a pipedream. One of the best quotes I’ve ever heard is “You can be a passive victim of circumstance, or you can be the active hero of your own life.” Not having a good idea or having enough money should not stop you from starting your business and taking control of the most valuable resources you have – your time.
If you’re ready to move forward today then check out our article on the 7 things new entrepreneurs should not do so that you can get off the ground on the right foot.