6 Low Cost Business Ideas With High Profit
So Low Cost, They’re Actually Free
In today’s day and age, the internet not only connects us globally but also opens up a myriad of opportunities to make more money from the comfort of your home.
We live in an era of flexibility and remote connectivity, and making money online is a feasible reality for anyone willing to explore.
In this article, I’m going to share six legitimate and, most importantly, free best ways to make money on the side for you to start earning today without investment.
I have tried all of these methods and sites myself (except for point 4), and have made a decent amount of money with all of them.
I’m not special at all, so I’m sure you can also make quick cash online with these side hustle ideas
So, without further ado, let’s begin.
6 Low Cost Business Ideas With High Profit
Now, let’s jump right into these six legitimate and free best ways to make money from home.
Each of these side hustle ideas is completely flexible and requires no investment, so they’re perfect ways to earn money for students, stay at home moms, young adults and people without a job.
1. Complete Free Paid Surveys and Small Jobs to Make Money Online
We start with free online survey sites. They offer you the opportunity to take surveys and complete simple tasks for gift cards or Paypal money. They’re a fun way to earn extra income from home–specially for the lazy ones.
With these user-friendly platforms, you can take simple surveys, watch videos, play games, or complete easy online jobs to earn rewards. They offer extreme flexibility for you to make quick money online in your spare time.
Platforms I recommend:
- ySense: Best pick overall. Pays through Paypal, Skrill, Payoneer and gift cards (such as Amazon gift cards, Mango, Zalando, Ikea, etc.)
- KashKick: Highest paying. Pays through Paypal.
Earning potential: $10 — $150+ per day
Difficulty: 2/10
2. Make Money as a Freelancer
You can translate your skills into cash by becoming a freelancer. On these sites, you can make money with photography, writing, designs, marketing, or programming, to name a few.
They also offer high flexibility (so you can set your own schedule and work from the comfort of your home), diverse projects that align with your passions and skills, and global reach that lets you connect with clients worldwide.
Freelance platforms like Upwork and Fiverr connect skilled individuals with businesses and entrepreneurs hungry for top-notch talent. From crafting compelling blog posts to designing stunning logos, there’s a gig for everyone.
Platforms I recommend:
- Fiverr: Best pick overall. Pays through Paypal, credit card, fiverr credits or existing fiverr balance.
- Upwork: Top rated. Pays through Paypal, Payoneer, Wire transfer and Direct deposit.
Earning potential: $500 — $5,000 per month
Difficulty: 3/10
3. Make Passive Income with Affiliate Marketing
Affiliate marketing offers you a pathway to monetize your online presence. If you have a blog, website, or a social media following, you’re already equipped with the potential to earn really high commissions by promoting other people’s products.
However, if you don’t have any of those, you can also make money with affiliate marketing by taking advantage of free traffic, renowned platforms like Google or Medium, or forums such as Reddit (don’t spam though).
Bear in mind that affiliate marketing isn’t a get-rich-quick scheme. Your initial earnings may hover around $10, but with consistent effort and dedication, you could see a significant uptick, reaching $10,000 or more per month.
Platforms I recommend:
- CJ (Commission Junction): Best pick overall. Pays through Payoneer, Direct deposit and Check.
- Clickbank: Highest commissions. Pays through Direct deposit, Wire transfer and Check.
Earning potential: $100 — Sky’s the limit
Difficulty: 5/10
4. Become a Virtual Assistant
As a virtual assistant, you provide support to clients from the comfort of your home. It involves tasks such as email management, appointment setting, and spreadsheet creation, among others.
In this role, you operate much like a freelancer, so you can work with multiple clients simultaneously. To find virtual assistant jobs, explore freelance websites and platforms like Craigslist.
Platforms I recommend:
- Fiverr: Best pick overall. Pays through Paypal, credit card, fiverr credits or existing fiverr balance.
- SocialSaleRep: Highest paying. Pays daily or weekly through Paypal, Direct deposit and Check.
Earning potential: $800 — $4,000 per month
Difficulty: 4/10
5. Blogging as a Side Hustle
By having your own blog, you are your own boss–being successful with a blog is completely up to you.
Blogging offers freedom, but success comes with great responsibility. Daily tasks include creating engaging content, boosting blog traffic, and securing advertisers.
However, the income potential for bloggers is huge. Successful bloggers often supplement their advertising income by selling products or promoting others for commissions (as we’ve seen before). Your income directly correlates with your skills, dedication, and likability.
Also, bear in mind that building a successful blog takes time. It is usually recommended to keep your day job (if you have one) for at least a year while gradually increasing your blog’s income. For some people it may take less time, but for others it may take two years or more to match their current salary.
Platforms I recommend:
- Wordpress: Best pick overall. Payments depend on your advertising methods.
- Wix: Top user-friendly platform. Payments depend on your advertising methods.
Earning potential: $100 — $10,000+ per month
Difficulty: 8/10
6. Things to Sell to Make Money
This is probably my favorite method and one with the highest income potential: selling your own products online.
The possibilities are vast when it comes to what you can sell online. It can be handmade goods, unique clothing, ebooks, audiobooks, podcasts, worksheets, courses–everything.
However, to be successful selling your own products you may require some good marketing. Using search engine optimization strategies, establishing a blog for your business, or implementing advertising campaigns can highly impact your earning potential.
But, as with affiliate marketing, you can leverage renowned platforms like Amazon or Gumroad to reach a broader audience. These platforms offer visibility, trust, and ease of use.
Platforms I recommend:
- Amazon: Best pick overall. You can sell on Audible, Amazon KDP, Merch by Amazon, and so on. Pays through Direct deposit and Amazon gift cards.
- Gumroad: Top user-friendly platform. You can sell almost everything here: from ebooks to podcasts, to everything else in between. Pays through Paypal, Stripe, Direct deposit, Wire transfer, and more.
Earning potential: $100 — $10,000+ per month
Difficulty: 6/10
This post contains affiliate links, meaning that if you make a purchase through those links I will receive a commission at no extra cost to you. Thank you for the support :)
As you have seen, the earning potential is real. But, it requires dedication and commitment. Now, you can explore all of these methods and see which one works best for you.
Remember that the journey to earning money online is unique for each individual. It involves trial, error, and, most importantly, persistence.
Patience is your best ally. Stay informed, adapt to evolving trends, and remain resilient. With determination and a commitment to your goals, you can make a huge income online.
Trust in your abilities, stay resilient, and, most importantly, enjoy the process of building your path to financial success online.
I hope you found this article helpful. It would mean the world to me if you clapped it or share it with someone else :)
