When making the decision to start a work at home business you’ll likely be faced with many issues when you’re first starting out.
It seems like one of the most common roadblocks that people come up against when starting out in the online world is the lack of cash flow.
Let’s face it, over 75% of Americans live paycheck to paycheck and by the time you pay your mortgage or rent, put food on the table, and pay your bills there isn’t much left over for anything else.
Trust me, I lived this way for the majority of my adult life so if you happen to be reading this article now and you’re one of those people, I can totally relate to your situation.
The thought of starting an online business might seem out of reach for you at this point but in the following article, I’ll be sharing 5 ideas you can use to start your own WAHB even if you’re on a limited budget.
5 Work At Home Business Ideas For People On A Limited Budget
Let’s Write A Book- Do you have a story to tell the world? Perhaps you’ve mastered a popular video game that many other people may be struggling with.
Why not create some type of how-to guide that will walk other people through how you were able to master this game and provide them with a solution?
There are literally 1,000s of ideas you could come up with for your book and about the only costs that you’ll encounter would be your book cover fees, advertising, and a few other fees.
You could either sell these on your website or blog or through Amazon’s FBA service.
Start An E-Commerce Business- If writing isn’t quite your thing and you have no desire to write your own book, perhaps you would rather get into the e-commerce biz.
Like I said earlier, there are many places that offer a free trial or some kind of a starter membership before committing to anything.
Your monthly costs start out at $9 and up depending on your business needs and what you want to accomplish.
This may require a little extra maintenance than your typical business but can end up being worth it in the long run.
Be A Vlogger- Looking to be the next YouTube star? If you answered yes then you should consider becoming a vlogger and share your life with the world.
People follow you because they want to hear what you have to say and like your personality so all you have to do is act natural and be yourself.
There are literally millions of people that are making really great money with YouTube and this seems to be a growing trend.
I happen to follow many people on YouTube and this happens to be one of the best ways to build a business on a budget.
You can use your phone’s camera to start out and upgrade when you see fit.
If you’re the type of person who doesn’t mind being in front of the camera and you aren’t shy then this could be an excellent way for you to earn passive income.
Set up A Photography Business- Do you find yourself taking lots of pictures and can’t seem to put your camera down when going on nature walks or while you’re on vacation?
Did you know you could get paid really well for selling these to photo stock companies who specialize in this?
Believe it or not, there are people who are earning a 6 figure income from this business model alone and this number continues to rise.
Other than the necessary equipment needed to get started, your starting costs would be very minimal.
Sell Other People’s Products Through Affiliate Marketing- This happens to be my business model of choice and the way that I make 100% of my income online.
It’s simple really!
There are many top name merchants online like Amazon, Ebay, Best Buy, And, Gamestop, that will pay you anywhere from 4%- 75% Commission for simply recommending their products or services and driving traffic to their website.
Sounds easy enough right?
Take a look at the screenshot that I’ve captured for you guys below to get a visual of what I’m talking about.
Here’s How It Works
- Choose an interest
- Build a website around this interest
- Attract visitors
- Generate revenue from your visitors
There are millions of products you could promote and your potential is practically unlimited.
Did you know that there are over 3.5 billion people online daily that are spending money, searching for information, and asking questions?
All you need to do is reach out and help answer their questions and lead them in the right direction.
In order to get paid, you would need to apply to their affiliate program and once approved you’ll receive a special affiliate link that you would need to put on your website.
Once people read your content, like what they read and want more information they would click on your affiliate link.
When they make a purchase you can receive anywhere from 4% all the way up to 75% depending on the type of product that you’re promoting.
The costs associated with this type of business is really minimal and you can actually get started for free and learn the basics before investing any of your hard earned money into the more advanced training.
My Closing Thoughts
There are literally thousands of other ways for you to make money online, but these are my top 5 ways if you’re living on a budget.
You could create 5 full times businesses from the 5 ideas that I’ve presented to you guys above if you go about this in the right way.
My personal favorite way out of all of these happens to be selling other people’s products through affiliate marketing relationships.
Why is this my favorite?
Well, let’s think here for a minute……
You don’t need to worry about
- Shipping products
- Customers returns or complaints
- Collecting money
All of this is handled for you from the merchant and your sole responsibility is to drive customers to their website.
Pretty sweet if you ask me wouldn’t you guys agree?
This is ideal for anyone who lives on a budget and is still living paycheck to paycheck. If you really are serious about learning more about this, I would recommend you check out Wealthy Affiliate.
This is where I got my start in the online world and the place responsible for helping me quit my full time job in 10 short months.
Their step by step task based learning makes building an online business a breeze and if you have any questions or ever get stuck you have an entire community to support you in your journey.
You’ll learn everything from setting up your first website to making your first sale plus everything that comes after that.
I really hope you guys were able to gain some insight into just a few of the many ways that you can start a WAHB if you’re on a budget or don’t have much money left over after your obligations are taken care of.
I want to hear from you guys!!
Do you have any experience with any of the 5 things I’ve listed above?
I would love to hear all about it as well as answer any lingering questions that you guys may have in the comments below.