10 Low-cost High Profit Online Business Ideas You Can Start

Do you want to start an online business but have no idea which option is best?

Today, I’ll share with you no investment or low-cost and easy-to-start online business ideas with high-profit margins.

You can start these online home businesses even if:

• you’re a student
• you’re a complete beginner
• or you have no money to invest.

You can pick one or multiple of these ideas to earn passive income.

Let’s find profitable online business ideas you can start today without investment.

Best 10 Online Business Ideas To Start in 2024

Need one or different business ideas to start today? We’ve got you covered.

What if you want to register your online small business as an LLC? You can use services like Zen Business or Inc Authority to start a U.S. business even if you’re not a U.S Citizen. It can help you manage taxes or open accounts with payment processors not available everywhere.

Back to our main topic. Here is a list of the best online small business ideas:

1. Start A Blog

My favorite idea to start an online business is blogging.

You can start a blog and start publishing content today. Then you can monetize traffic that you get organically via a search engine or via active promotion.

There are plenty of ways to make money blogging: display advertising, recommending products, or sharing sponsored posts. Also, a blog can support any of the following home business ideas in this post. This makes starting a blog THE business you need to own.

You can start a branded blog for as low as $10 per year. If you’re willing to start without a branded domain, you can even start for free with $0 hosting services.

So, it’s one of the best low-cost business ideas with high profit that is easy to start.

2. Print on Demand

You can start a print-on-demand online business without investment. You just need simple text or design. You won’t need upfront investment or to manage inventory.

Your P.O.D. business can sell apparel or physical books. So, people will use your products every day while you spent $0 on your business.

Let me explain how a P.O.D. online business works.

You join a Print On Demand (P.O.D) service provider for free. Then, you list your digital book, text, or design on your store or marketplace. With a promotion or optimized listing that gets organic traffic, your potential customers will see your listing. Upon purchase, the Print on Demand company will print the digital books, text, or design; collect the payment; and ship it to the customers.

You’ll just need to collect your revenue.

Another advantage is that you can take advantage of the marketplace organic traffic to make passive income online by selling printed designs.

You’ll find easy-to-use platforms to sell printed designs on apparel such as Teespring and Viralstyle.

You can also publish your own book and sell it on P.O.D platforms such as Amazon KDP, or Blurb. Those platforms allow you to upload a digital document and market it. If someone orders a physical copy, they’ll print it and ship it. Again, you just have to collect your rewards.

Selling your P.O.D. products on marketplaces, you reach a wider audience with passive promotion methods and generate passive income.

3. Start an Online Store

There are different ways to start an e-commerce business.

Here are a few online selling business ideas:

• Sell digital downloads such as e-books, music, and printables.
• You can sell physical products without inventory with dropshipping. With a dropshipping online business, you start an e-commerce store to market products owned by another company. When someone purchases the product, this company takes care of inventory and shipping. However, you’re responsible for customer care as they are buying from you; so you need reliable providers.

You can start an online store with drag and drop on BigCommerce or Shopify. If you just need to sell digital downloads, you can sell them using Gumroad.

4. Graphic Designer

You can start a graphic design online business today.

You use graphic design software and sell them on stock photo sites.

You can earn passive income when you sell on design marketplaces. Such marketplaces already have an audience and are optimized to receive search traffic. For example, non-designers use Canva to create images and need graphics.

When you optimize your graphic designs with popular keywords, your designs will appear in front of hundreds of ready-to-buy searchers.

You can sell photos and graphics on Canva and Shutterstock.

5. Start A Freelance Business

An online freelance business is one of the online business ideas where you work at your own pace.

You can use the best freelance marketplaces to find online jobs. I like Upwork, Freelancer, and Fiverr which are among the most reputed work-from-home companies.

Online micro jobs marketplaces like Fiverr or SEOClerks make it easy to start selling simple services for as low as $5.

A Freelance business is a great way to make money online fast. There’s tough competition to find jobs, but once you find one, the sooner you complete it the sooner you get paid.

Here are different types of freelance businesses you can start working at home:

• Virtual Assistant
• Freelance Writing
• Freelance Design
• Freelance Translation
• Freelance Developer

Use your skills to make money online with work you can complete from the comfort of your home.

6. Teaching Online

Among the best online business ideas, one is to start a small business teaching online. It’s something anyone can do.

An online course can be simple or complex. You’re teaching someone to go to point A to point B. You don’t have to be an expert. Share something you know that someone else doesn’t and needs guidance for.

Some online courses are made with text only. But the most successful online courses include videos.

However, you have plenty of choices, introvert or not. You can record your screen, voice over a Powerpoint presentation, film yourself talking, etc…

You need the best platform for marketing and hosting your videos.

I highly recommend Teachable. It has a free plan for one course. It is affordable. You get great marketing tools and your students get a pleasant experience learning.

You can take your teaching skill further with tutoring. Help someone with one-on-one conversations which are often more expensive.

7. Become an Affiliate Marketer

One of the best small business ideas online is affiliate marketing. You get paid for recommending products. and you can start without investment or prior experience.

Affiliate marketing is one of the high-profit business ideas you can start. With some companies charging monthly fees, you earn up to 300% first payment. Some affiliate programs pay high commissions of up to $7500 per sale. Also, some partner programs pay monthly recurring commissions that go beyond $100 per referred customer.

The potential to make a big income with affiliate marketing is huge. You can start a profitable affiliate business when you build an email list of potential customers. This way, you can recommend them different products that solve their different related problems.

You can start affiliate marketing without a website. But with a blog, you can reach more potential customers.

8. Start a Social Media Influencer Business

Start a social account on Instagram, TikTok, Facebook, or YouTube, and build a following by providing value. Once you start getting a decent following, companies will pay you to advertise their products.

Some companies will pay you just to mention their products. Some of them will give you a higher share of affiliate sales.

If you don’t want to show your face, you don’t have to. A lot of niche site influencers don’t share their face to protect their business. But if you can provide credible results such as screenshots of performance and a large following, you’ll do just fine.

It’s an easy-to-start online business idea that can be completely free to start and maintain.

But as you don’t own the social platform and don’t control the algorithm, a good rule of thumb is to grow an email list while building your social following.

9. Sell Software As A Service

Another idea for an online business without investment is developing software to sell as a service.

This is a great way to make monthly recurring income as your customers have to pay you monthly or yearly.

Maybe you’re already using such software if you’re paying for Canva Pro, SEMrush, or Grammarly. You pay a monthly subscription to get the services provided by the software.

In the same way, if you’re a developer, you can create an app and start charging monthly or yearly fees for its features.

10. Consultant Business

Use your experience and knowledge to help other companies grow their businesses.

You can analyze other businesses to help them find issues that refrain their growth. In the same way, you can help them discover growth opportunities.

Here are some examples of consultant online businesses you can start:

• SEO
• Social Media
• Advertising
• Finance
• Business Management

How to Pick The Best Online Business Idea

We’ve talked about 10 business ideas for beginners, students, or entrepreneurs of all skills to start online.

This list could be a list of 50 or 100 items. As you can see, each idea open door to a lot of opportunities.

You can focus on one business idea than expand it.

Know your strength. Review other businesses in the selected field. Take action today.