5 Ways to Make Money Online Without Investment
How to make money online with no investment at all?
That’s the question on the mind of many people trying to get started in making money online. The truth is that there are many ways to do it, but some are riskier than others and require more up-front cash, while others are safer and easier to start with. Whether you’re looking for a second job or want to become your own boss, these 5 ways to make money online without investment will help you get started right away.
1) Surveys
One way you can make money online without investment is by taking surveys. These are similar to focus groups in that they involve a set of questions regarding a particular topic, product or company. Survey companies typically pay anywhere from $1-$100 per survey (usually more), and most surveys take 15-20 minutes to complete. While not always reliable, surveys are an easy way to make extra cash online and can be done in your spare time.
Another way you can make money online without investment is by taking paid online surveys. These surveys pay anywhere from $1-$100 per survey (usually more), and most surveys take 15-20 minutes to complete. This is a legitimate way to make money, but it does require patience, as it can take some time before you earn enough to cash out. Also keep in mind that many of these sites will insist on a PayPal account for payment, so although you won’t be paying any fees directly when using your credit card, keep in mind that PayPal charges both buyer and seller fees on every transaction.
2) Microjobs
One great way to make money online without investment is to do microjobs. Microjobs are basically small tasks you can do on sites like Amazon's Mechanical Turk, or Fiverr. These include things like copywriting, designing, and surveys. The great thing about these jobs is that they're very easy to qualify for, meaning you earn cash quickly! However, they pay extremely little - usually only pennies a piece. This way, if you just need a few extra bucks (or want a quick side-hustle) working on microjobs can be a great option for you! What it is: You get paid for completing simple online tasks as per instructions given by clients.
There are many microjob sites available out there but one of my favorites is Fiverr. This site has over a million products and services on offer, which range from $5 to $500. It is an extremely diverse marketplace and it’s really easy to get started. Just sign up using your Facebook account or through email address and start browsing different offers. You can either buy services as a customer or sell as a freelancer. Either way, you earn cash whenever there’s demand for your service!
3) Freelancing
As you read about different ways to make money online, it’s important that you keep in mind that there are two different types of methods – 1. Passive income and 2. Active income. We’ll be covering both of these in detail below, but first it’s important that you understand both terms before moving forward.
Since you don’t have a direct manager or any other hierarchy, being your own boss can be quite a liberating experience. You set your own rules and guidelines for how things are done and take charge of your life at work. This does come with its drawbacks, however, since you’re responsible for both yourself and your employees, and sometimes your clients can be demanding as well. The most common path is to first find freelance clients through marketplaces like Upwork or Freelancer before setting up on your own website.
4) Drop shipping
If you’re like most online retailers, you have some items in your ecommerce store that are regularly out of stock. Instead of having customers pay for those products and them not receive them for a week or two, drop shipping is an alternative option that allows you to sell out-of-stock products without ever holding inventory. If someone orders an item from your ecommerce store and it’s out of stock, there are few options available: refund their money, send them another product in its place or explain that it will take some time until it comes back into stock.
If you’re looking for a new ecommerce business opportunity, try starting a drop shipping business. This way, you don’t have to worry about finding and storing inventory; your suppliers ship products directly to customers and handle any issues that come up. That way, you can focus on bringing in more sales. While running an online drop shipping business isn’t technically passive income because it requires your input and expertise, you can earn a very healthy income by outsourcing most of your operations and only putting in as much time as needed.
5) Network marketing
Network marketing is a great way to earn money online without making any initial investment. It’s not easy though. You need to build a large audience and get them interested in your business for it work for you. Get started by creating a website about your business and sharing it on social media. If that’s done, find niche groups in Facebook or LinkedIn where people are interested in what you’re selling and share articles from your site with them. Connect with them regularly and be responsive whenever they reach out to you.
If you want an easier way, then affiliate marketing is for you. Start by selecting a product or service that interests you and get an affiliate link for it. Share it on social media, on your site and everywhere else you can think of. Connect with anyone who reaches out and be responsive whenever they need help. These two strategies will get you started earning money online without any initial investment from your side. I hope these tips were helpful to get a new income stream going from home so that you can earn extra cash quickly at little expense of time.
