This pandemic has given a huge dent in the country's economy and people's personal lives worldwide. But at the same time, it has also taught us many things that will assist us live a better life. Even if we take out history, every pandemic has given rise to a new idea and successful business models that started from an individual's room, storeroom, or garage and have created the revolution.
Today, every person is looking to create a side hustle and their studies, job, and business, giving rise to innovations in the country. Here are a few ideas to start a profitable business and generate income with minimum or no investment. To build a billionaire-dollar business without investing money, create something people really like and show their addictivity.
Bread and Butter
Every morning, people start their breakfast with basic cereals and milk, which bring the opportunity to get it delivered at their doorsteps. To start with neighborhood people living in the apartment society or the same colony. Since they know us, it is easy to build trust, and we can save their time by delivering those essentials like milk, bread, and eggs with a minimum charge like Rs 1 or Rs 2 per delivery.
Writing
I have started writing as a side hustle because I am passionate about writing, and it can be started with zero investment. You can start by becoming a freelance writer by registering yourself on freelancing websites like fiver, freelance, etc. Registering is free of cost. Once registered, browse the companies for the projects. Usually, companies look for experienced people due to the demand of the work, but many budget constraint companies give opportunities for freshers.
Door shipping
This is another profitable business that requires a low investment door shipping to deliver the products to the customers without building the inventory. There are websites like Shopify, eBay, etc., in which the niche products are selected, and we decide the profit margin. Example: If my product is a pen and the value of the pen is Rs: 10, I set up a profit margin of Rs:2, so now the retail market price (MRP) of the pen is Rs: 12. A link is generated, and you can share the link to the contacts through various social networking mediums, and when a customer buys the product, and profit of Rs 2 will be given to you. To start with door shipping, it is advised that a website and the domain be created for which you need to shell out some money from the pocket, but it is worth it.
Affiliate marketing
It can be one of the profit-generating businesses that can certainly improve our lifestyle. Today everything is online; gone are the days when people take a troll in the shopping complex for hours to get one product. Everything is just a click away. So many billion dollars online companies are available to deliver the products providing opportunities to small and middle scale business owners to display their products online. So to bridge the gap between a buyer and seller, affiliate marketers play an important role.
You can register yourself in any online companies like Flipkart, Amazon, Myntra. Once registered, you will get the link that can be circulated among families and friends through various online mediums. Once the product is purchased, you will get the profit amount. The only difference between door shipping and affiliate marketing is door shipping; you can decide the profit margin of the product, whereas, in affiliate, there is a pre-decided profit by the seller.
Barter and Collaborate
Partner with others who have complementary skills or resources. You can trade services or collaborate on projects without a direct financial exchange.
Conclusion
I am sure with these business ideas; you can start something of your own and create and bring change to your life. In conclusion, setting up a billionaire-dollar business without investing money is challenging but not impossible. It involves leveraging your skills, creativity, and available resources, focusing on solving real problems, and gradually growing your venture over time. With dedication and smart strategies, you can achieve remarkable success without a large upfront investment.