Best Online Business Ideas In India Without Investment Or Globally
Are you looking for the best Online Business Ideas in India without Investment or any part of the world?
There are hundreds of different ways to do it.
A lot of them are working very well and continue to work for me and other things maybe not so much.
In this article, I am gonna tell you the best three ways to make money online and a mistake to avoid that go along with each of them.
Now before I get to that, I want to share with you how I define best.
So, best can be defined in many different ways.
Obviously, some people might consider it’s the fastest way to do it and that’s not what I’m going to be talking about today.
Other people might say it’s the thing that’s gonna make you the most money and that’s not what I’m gonna be talked about either.
I’m gonna be talking about a whole number of things including like how convenient it is and what’s gonna give you the most profit margin and those kinds of things.
Three Qualifiers For A Successful Online Business
A). Digital Product
The first thing is that it’s a digital product and digital products are great because the profit margins are so much higher because it’s something that you can create once and distribute over and over and over again.
You can write your own Ebook and sell it. it’s one of the best Online Business Ideas in India without Investment.
Just the number of things involved with that completely eat up those profits and the total profit, in the end, isn’t as much as if you had a digital product even something say like a book.
You have to print it and that costs money, you have to ship it and that cost money.
There might be returns and those kinds of things all that stuff eats away at the cost versus the audio version of the book or the Kindle version something that can be again distributed once over and over and over again.
B). Recurring Payment
The next qualifier would be something that can continue to pay you over and over and over again.
You get a customer once in the beginning and they continue to pay you for that thing and this is what’s called recurring income.
You know there’s a lot of work involved with finding new customers right but if you already have a customer and they enjoy that service or program or training or whatever it is you offer them.
They can continue to pay you over and over and over again and it’s predictable which is great.
Income stability can be attained through recurring payment. With the given best Online Business Ideas in India without Investment or anywhere, if you manage to brought up a recurring business income then its awesome.
C). Scalable
The third and final qualifier for the best Online Business Ideas in India without Investment or anywhere is business should be scalable.
It’s something that whether it’s 10 people or 10,000 people, it can grow with your business and you’re still able to manage that.
Coaching, for example, training somebody one-on-one that’s not scalable, you only have 24 hours in the day and so you could only train 24 people for one hour if you don’t get any sleep
On the other side versus something that’s online, that’s digital.
That doesn’t matter how many people get into it, you can handle it in the systems
All right so let’s get to the three examples right now.
3 Best Online Business Ideas In India Without Investment Or Anywhere
There are many startups and entrepreneurs arising from India or worldwide on daily basis.
Even new online business entrants whose business mainly pulls tons of customers through online website or app namely Paytm, Zomato, Swiggy, Flipkart, Ola etc. within 5 to 10 years scaled up their businesses and build up their brand in such a way that it generates several millions as business income in turnover every year.
Just said it to let you know the power of Online Digital world.
If there is a willingness to do something, there will be a way.
So time has come now to start up your own Online Business.
1). Develop Own Software
Number one, let’s talk about software.
If you are good in coding and able to develop your own software then you can utilize that skill to earn money as a freelancer initially.
The software is great because you can code, this thing that can be helpful for a particular audience and they get access to it and they use it that provides them a quick win in a result and it becomes something that becomes a part of what they do.
Think about the kinds of software you pay for maybe you use something like Dropbox or an email client of some kind
Maybe you might use the smart podcast player or convertkit, whether it’s you or a person you hire and now can be distributed over and over and over again without any sort of inventory.
It’s code and that’s already there that people can buy and get access to.
Number two it can qualify as something that people can pay monthly to get access to, however not all software makes sense to do that but a lot of them do like I mentioned earlier do.
If you can build something that people will want to continue to have access to, they will continue to pay you for that
Number three it’s scalable, whether you have one customer or a thousand customers you’re distributing the software and people can use it now
But obviously, there are limitations to that depending on if it’s connected to a server of some kind and you want to grow with that, but I’m just saying it’s something that can scale with your business and courses.
The more people pay you, you can pay for those things that can handle that load.
Now the big mistake most people made in software is rushing through the process.
There is a lot of moving pieces and of course, software can break, there can be bugs, there are updates to different platforms that they have to talk right with the thing that you build.
There’s a lot of things going on and the big mistake is rushing through the idea for the software.
Actually hiring a developer before even knowing exactly what you wanted this thing to do.
A project that was supposed to take six weeks and $6,000 ended up taking six months and $15,000
So the quick lessons there is, first of all, validate the idea for the software like more than anything you need to know that this is something people would actually wanna pay for.
You can even collect payments upfront for a tune and pre-sell it if you’d like.
This is one of the best Online Business Ideas in India without Investment only if you have coding skill. Ofcourse you can sell your software worldwide.
Note:
If you don’t have coding skill, still you can work with a software developer (but you need to invest money by paying him salary or money for him to develop a software) if you have a fully fleshed out idea in your head.
2). Create a Membership site
The second best way to make money online and this is what is sometimes known as the holy grail of passive income as they say and that is building a membership site.
A membership site is a community of people who come in and they pay a recurring payment every single month to be a part of this group they get access to content that you create so that they can learn something from you every single month.
They might get access to you.
Since it’s digital, people just essentially pay to get access to this thing.
Like I said people often pay recurring monthly or annual payments to stay in.
Number 3 it’s scalable, you build it, you create the membership site.
Doesn’t matter if it’s one person, 1,000 people or 10,000 people.
They can all get access to it and you’re good.
Now I’m making it sound a lot easier than it actually is.
Building a membership site and creating a thriving community is really difficult.
I know a lot of communities that are doing very well but I also know how much time the creators of those communities actually put into it ongoing as well
This is something that is as passive as that may seem to have something up and running that people pay recurring to which is great because then you can predict how much money you’re gonna make
You can just work on getting new members in there.
There are a few things going on:
Number one you need to continue to share with people why they need to continue to pay.
If you just kind of like give them access to it and then stop doing anything, well it might be great for a couple of months but then they’re gonna leave.
There’s this thing called attrition which is how well can you keep people in those membership sites.
People do drop off and so you have to work on that as well.
You can create a membership site to help get through a lot of the pains and problems that you are in expertise
Unfortunately, most people didn’t understand how much work it would take to continue to keep putting content into that particular membership site.
You need to position it as something that was going to continually add new value and new content every single month and sometimes it can get a little overwhelmed.
I’m also a part of membership sites that do continue to put content in there and then you know over time it just becomes so much and very overwhelming to brand new members.
So where do you find that balance?
The trick and the lesson learned is you know content is great but people come for the content and they stick around for the community and most failed in the community element of that.
This is another best Online Business Ideas in India without Investment and your income will be recurring.
Examples:
- Digital Marketing Courses are being taught online through membership sites nowadays.
- Matrimonial sites ask you to pay and renew your membership month after month till you get married.
3). Recommend Products or Services/Sell your own products
All right number three is the favorite way for many people to generate income online by selling products that help solve people’s specific problems.
Whether it’s products that you create yourself or products that you could recommend that other people create which is called affiliate marketing.
It is great because it’s digital and the things you are recommending are also digital again not physical like that book.
But things like online courses and e-books or maybe other programs that people can get access to online that can scale.
Many people can be in and they’re viewing it all at the same time and that’s not going to add any more stress to what it is that you’re doing.
And it’s something that can be recurring in a sense that you can have launches or automation in place to help continue to sell this to audiences that you build.
Now affiliate marketing, in particular, is a really interesting model because products already exist in the market that you’re likely targeting and you can be the person to recommend those products and earn a commission from those companies which are really awesome.
This is one of top recommended, easy and best Online Business Ideas in India without Investment or anywhere.
You can read more here about how to make money with Affiliate Marketing.
Now the big mistake most people made with affiliate marketing and it’s a very obvious thing is that just recommending products for the Commission’s only.
When you create your own products or recommend products just because you can make money from it, you are doomed to fail and with affiliate marketing in particular.
If you recommend a product and it doesn’t perform the way you promised and showed well, your people are gonna be upset at that product and that product owner.
But they’re gonna lose you as a person that they could trust.
Trust with your audience is the most important thing and what I recommend with affiliate marketing and creating your own products is to serve.
You can sell and serve at the same time and these products that you recommend they should enhance the results of your target audience in a way such that you could even get thanked for that.
Try to get thanked for recommending a product and getting paid at the same time.
It’s pretty cool, so the big lesson here is to always 100% of the time sell things that you know are gonna serve your audience and help them.
Final Words
Now those are three amazing ways that you can make money online by using one of the best Online Business ideas in India without investment or any part of the world.
Software is great. We’ve seen a lot of people in the blogosphere who initially had websites creating content info as a marketer initially and now getting into the software space because it is that attractive.
One example is Nathan barry from Nathanbarry.com who is now the founder and CEO of convertkit.
We talked about membership websites an amazing way to build a community and generate that recurring income and then finally selling your own products or creating affiliate income through the recommendation of products that again you know are gonna serve your audience.
Well now none of these things can happen overnight.
They take work, they take an understanding of pains and problems that your audience has but you put in the work now and you can absolutely reap the benefits later.
Hope you liked about these best Online Business Ideas in India without Investment or anywhere.
So a quick question for you which one of these three business types are you most interested in.
They take a lot of work but if you had your choice and can snap your fingers right now and have one already available to you.
I’d love to hear from you via comments or by email.